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

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Goldman Sachs: Tesla Model 3 Will Drive 5X Growth In Annual Deliveries By 2020
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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
Feb 2018Citic SecuritiesInitiates Coverage OnBuy
Oct 2017Evercore ISI GroupDowngradesOutperformIn-Line
Oct 2017Morgan StanleyMaintainsEqual-WeightEqual-Weight

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