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Led to $ 450? – The Motley Fool




Set to release their vehicle deliveries ever the next few days, Tesla (NASDAQ: TSLA) shares moved higher on Monday. The shares closed the trading day above 3%. Bullishness probably reflects a combination of optimistic comments from an analyst and games from some investors that the market underestimates the automaker's first-quarter deliveries.

This analyst sees 55% upside

After a visit to the Tesla factory in Fremont, California, where the electric car manufacturer builds all its electric vehicles, Canaccord Genuity analyst Jed Dorsheimer was optimistic, citing the compelling valuation of the company's recently released standard battery Model 3, starting at $ 35,000.

  Tesla Car Manufacturing at Company Factory in Fremont, CA

Tesla Factory. Image source: author.

"With the performance of a 911 and the price of an Audi A4 or BMW 3 series, we see the model 3 as the best value proposition that is on the market today," said Dorsheimer (via

]

.

Analyst repeated a purchase estimate and a price of $ 450 for 12 months for the stock.

How many vehicles delivered Tesla?

Meanwhile, investors are waiting for an update on Tesla's first quarter deliveries With the first quarter falling among the company's aggressive ramp in Model 3 production and Tesla's global expansion of Model 3 deliveries, it is difficult to measure how many vehicles were delivered in the quarter.

On average, analysts expect Tesla to deliver 74 900 cars in the quarter, with about 20,000 of these vehicles being model S and X units and the remaining ones being Model 3.

But uncertainty tissue. In addition, assuming the challenges of global expansion to Asia and Europe in the quarter, Tesla had said that it is expected to end the period with around 10,000 vehicles in transit to customers. It is also difficult to predict how the US electric car's federal tax credit reduction for Tesla vehicle purchases at the beginning of the year will affect demand.

Musk seems satisfied

Whether investors will be happy or not with Tesla's first quarter delivery figures are still to be determined. But Tesla CEO Elon Musk seems happy.

"Incredible work of Tesla Delivery teams, especially in Europe and China!" Musk tweeted on the last day of the month. "The most crazy logistics challenge I've ever seen. Thanks also to many country and city officials for your help this weekend! Super appreciated."

This tweet follows a leaked email from Tesla senior vice president Sanjay Shah in mid-March, and requires department heads to find as many volunteers as possible to help with deliveries.

"We have to deliver 30,000 more cars over the next 15 days," wrote Shah in the email, according to Business Insider.

Based on Dorseheimer's optimism for model 3, production and logistics – not demand – Tesla is likely to be the primary bottleneck (if any) in terms of 2019 vehicle deliveries. Investors will probably get a better insight into how deliveries and demand are faring for the new vehicle when the electric car company provides an update on vehicle deliveries.



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