Photo: Trip Chowdhry
Global Equities Research visited the Tesla (NASDAQ: TSLA) factory in Fremont and noted that the pace of shipments is "extremely solid." The analyst highlighted that delivery activity in Q1 2022 is much higher compared to Q4 2021.
Global Equities Research analyst Trip Chowdhry visited Tesla's Fremont factory again on February 8. In his note to investors, he pointed out that the pace of production, shipping, and delivery is "extremely solid." In addition, comparing his experience of visiting the factory in December, Chowdhry emphasized that delivery activity in Q1 2022 is much higher than in Q4 2021. Prior to this, the analyst visited the Tesla factory over Christmas 2021 and noted that the manufacturer's festive activity, among other things, was a good indicator of the company's efforts to achieve strong results at the end of the quarter and year.
After a new visit, Chowdhry stressed that Model S Plaid shipments were up about 15%. He compared the number of vehicles on one truck leaving the factory that in Q4 2021. Chowdhry indicated that this time he saw that there were 4 Model Ss on trucks, compared to 2-3 Model S/X Plaid in December. He backed up his claim with a photograph.
After visiting the factory, the analyst reiterated an Overweight rating and $1,500 price target on Tesla. This is a good signal, as it indicates confidence in the pace of development of the manufacturer. The conclusions that Chowdhry usually draws from such checks often reflect the real situation and are a good indicator for investors' own predictions.
© 2022, Eva Fox | Tesmanian. All rights reserved.
We appreciate your readership! Please share your thoughts in the comment section below.
Legal Disclaimer --
This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.
About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.