Tesla Inc.'s stock has produced the longest winning streak in more than a year, but Wedbush analyst Dan Ives believes it can still rally a lot more given...
Tesla Inc.’s stock has produced the longest winning streak in more than a year, but Wedbush analyst Dan Ives believes it can still rally a lot more given that unit deliveries appear to be trending well ahead of Wall Street expectations.
The prolific analyst said he believes deliveries in China and Europe are tracking more than 15% ahead of consensus analyst estimates. Combined with strength in Model-Y deliveries in the U.S., “Tesla could now be on a 2 million unit run-rate exiting 2022.” The current FactSet consensus for 2022 deliveries is 1.54 million.
The biggest gain during the latest streak was 7.9% on March 22, after Technoking of Tesla Elon Musk cut the ribbon on its $5.5 billion Gigafactory in Berlin, the EV maker’s first manufacturing facility in Europe.
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