Trip Chowdhry: Tesla May Have Delivered At Least 300 Model Xs

Trip Chowdhry of Global Equities Research commented in an e-mail to clients that he has a "high" degree of confidence that

may have delivered at least 300 Model X vehicles so far. According to Chowdhry, many of the Model X deliveries are taking place in California. The analyst added that the close proximity to the company's factories "enables Tesla to have a very tight feedback and correction loop" if any issues are discovered. Separately, Chowdhry is not concerned over the rising competition that Tesla is facing in the electric vehicle space. "Competition is completely clueless," he wrote. The analyst compared Tesla's leadership position in electric vehicles to

's dominance in the smartphone market. He added that many manufacturers claimed to have come up with an "iPhone killer" device, but have consistently fallen short due to an inferior product. "The question to ask these Tesla Killers are ... Where is your GigaFactory, Where is your CloudComputing platform, where is your MachineLearning Platform, where is your Supercharger Network, where is your Store," Chowdhry concluded. Shares of Tesla were trading higher by nearly 2 percent Wednesday morning at $241.42.