Tesla’s Stock Upgraded -Strong Competitive Advantage': The analyst posits that Tesla is set up well for both the short- and long-term markets
Spak also noted that Tesla’s vertically integrated model will give it a competitive advantage in the mid- and near-term.
For the second quarter, most analysts expect Tesla to deliver around 279,000 units, says Spak, with industry buy-side estimates as low as 250,000 units. Spak is forecasting Tesla to deliver 249,000 units, with room for an upside to the estimate if Tesla’s Gigafactory Shanghai are fully operational again as detailed in some reports.
In addition to deliveries, Spak says Tesla could expect to see a margin upside in the second quarter and in the back half of the year, despite expectations for delivery decreases from the first to the second quarter. With price increases, Tesla could see up to a 3 percent boost in average selling prices, “given the pricing actions Tesla has taken a while back but not been able to realize as they have been working through their backlog.
To be fair, most automakers have raised their prices. And while the move may not benefit buyers, it may help Tesla make it through the current economic period as inflation ravages raw materials.Demand for Tesla’s vehicles is still high, though. At the time of writing, U.S. Tesla orders of the Model 3 RWD and AWD Long Range variants have an estimated delivery of September to December, while the Model Y Long Range variant has an estimated delivery of January to April of 2023.
“While TSLA is fairly secretive about the deals they have cut for supply of raw materials, in talking to contacts we believe they have done more than other OEMs,” said Spak. “The company’s early focus on vertical integration is likely to pay off.”
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