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Q3 2020 promises to be exciting for both Tesla (NASDAQ: TSLA) and investors. According to unofficial data, the company will be able to deliver more than 140,000 vehicles, which is unprecedented and indicates the ongoing expansion of Tesla's production capacity. Demand continues to be robust, so it's important Tesla continues its stage-by-stage build-up of production capability.
Tesla's Q3 delivery data should be released by Friday October 2, or by early next week. Some analysts are confident that a high number of deliveries is likely to be reflected in the growth and value of the company's shares, according to Barrons.
Deutsche Bank analyst Emmanuel Rosner predicts that Tesla will delivery 130,000 units in Q3. It rates Tesla stock the equivalent of Buy and has a $500 price target per share, which is one of the highest on Wall Street.
Pierre Ferragu rates Tesla's stock as Hold and has a target price of $300. He believes Tesla will deliver 143,000 vehicles. Ferragu writes that the above-consensus deliveries will be another push for the stock price when the Q3 financial results are released at the end of October. Analysts expect Tesla to report earnings per share of 54 cents. Ferragu's model shows 64 cents.
Credit Suisse analyst Dan Levy predicts 140,000 deliveries in Q3. He rates Tesla stock as "Hold" with a target price of $400.
On average, analysts predict that Tesla will be able to deliver between 136,000 and 143,000 vehicles, depending on the source. Anything in the 140,000 range should be good enough to keep Tesla shares "flat." Anything above 145,000 should be a win for bulls.
Tesmanian expects Tesla to deliver 145,000 units globally in Q3 2020.
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