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Tesla analysts still confident in TSLA despite Giga Shanghai shutdown and supply chain challenges

Teslarati

More broadly, we’ve seen Tesla execute incredibly well in a challenging supply chain environment as well,” he added. Rosner also pointed out that Tesla’s year-over-year growth was notable, given that the global auto industry is down on a year-over-year basis.

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Tesla Giga Shanghai aims for 500k annual output for 2021: report

Teslarati

Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. Tesla is close to delivering 1 million cars this year and will likely hit the milestone once Giga Berlin and Giga Texas start production if it doesn’t reach it by the end of 2021.

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Elon Musk: Chip shortage is a “short term” problem that will likely be over next year

Teslarati

Musk also noted that he believes the global chip shortage issue is a “short term” problem and not one that would be true for the long term. “Because demand will remain high and supply will remain constrained, we expect this shortage to last through 2022 and into 2023,” O’Donnell noted.

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How 2023 will be Tesla’s true ‘breakout’ year

Teslarati

The three products above saw new expected production dates from Tesla CEO Elon Musk on Thursday at its “Cyber Rodeo” at Gigafactory Texas. Then the pandemic hit in 2020, and the entire automotive industry felt the effects. The Tesla Roadster. The Tesla Semi. ” I’d love to hear from you!

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Tesla sold 75% of EVs in Q1 2022, maintaining its dominance on the US market

Teslarati

Tesla also still dealt with ongoing supply chain challenges last quarter, similar to other automakers in the industry. . While EV sales gained traction, the overall auto industry reported a decline of 15.3% During the New York International Auto Show, the Hyundai Ioniq 5 won three awards, including World Car of the Year.

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Jefferies raises Tesla (TSLA) price target to $950 over strong demand, growing capacity

Teslarati

Houchois estimated that even with a linear ramp, the addition of Giga Berlin and Giga Texas should add at least 500k units of actual capacity in one year. In a global auto industry plagued by complexity, Tesla continues to reduce complexity and set new standards for simplicity of design and assembly.

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News: Tesla Announces Annual Earnings, New Focus on Production

Clean Fleet Report

The growth is predicated on two new production facilities—in Texas and Germany—coming online this year to augment existing plants in Fremont, California, and Shanghai, China. Tesla’s current best-selling model, the Model Y crossover, is currently produced at Fremont and Shanghai and scheduled to be the main model in Texas and Germany.