Skip to main content

Market Overview

Goldman Sachs: Tesla Model 3 Will Drive 5X Growth In Annual Deliveries By 2020

Share:
Goldman Sachs: Tesla Model 3 Will Drive 5X Growth In Annual Deliveries By 2020

With Tesla Motors Inc (NASDAQ: TSLA) set to unveil its much anticipated Model 3, investors will be able to see various metrics, including the design and mileage specs, for this first time, which could prove to be a potential catalyst for a stock that has appreciated 55 percent since its February 9 lows.

Buy Ahead of Catalysts

Goldman Sachs’ Katherine Fogertey maintained a Buy rating on Tesla Motors Inc, while mentioning that Model 3 could be “the main driver of nearly 5X growth in annual deliveries by 2020.”

Related Link: Will Tesla's Model 3 Offer A Positive Surprise For Shareholders?

“This is a key model for the company as the lower price point has the potential to dramatically increase the total addressable market and drive a bullish outlook for sales growth,” Fogertey stated.

1Q Deliveries

The company is also scheduled to report its 1Q deliveries in early April, a metric that Tesla Motors has only begun to report recently and one that had led to +/- 5 percent share price movement over the past two quarters.

Fogertey expects Tesla Motors to meet its 1Q delivery guidance of 16,000 deliveries, as compared to 10,000 a year ago. However, the analyst believes that this figure could act as a negative catalyst for the stock.

Image Credit: By Kowloonese (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Latest Ratings for TSLA

DateFirmActionFromTo
Apr 2021Canaccord GenuityUpgradesHoldBuy
Apr 2021JP MorganMaintainsUnderweight
Apr 2021WedbushUpgradesNeutralOutperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Previews Reiteration Analyst Ratings Tech Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
PPDBairdDowngrades48.0
OSPNSidoti & Co.Upgrades39.0
PLTSidoti & Co.Upgrades48.0
LRCXArgus ResearchMaintains725.0
ROSTLoop CapitalMaintains145.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com