Click to Skip Ad
Closing in...
  1. Prime Day Deals
    11:01 Deals

    Check these early Prime Day deals with prices so low, it’s like Amazon made a mistak…

  2. Amazon Deals
    07:59 Deals

    10 deals you don’t want to miss on Sunday: Free $25 Amazon credit, $230 Windows 10 l…

  3. Mattress Topper Amazon
    14:44 Deals

    33,000 Amazon shoppers say this mattress topper deserves 5 stars – today it’s…

  4. Best Smart Home Devices 2021
    08:45 Deals

    10 smart home devices on Amazon you’ll wonder how you ever lived without

  5. Kasa Smart Home Sale
    13:22 Deals

    Stop what you’re doing and check out Amazon’s massive Kasa smart home sale




Investor note claims Model 3 deliveries will disappoint once again this quarter

March 19th, 2018 at 7:35 PM
Tesla Model 3

Even though demand for Tesla’s Model 3 has been off the charts, the primary metric investors seemingly care about centers on how many units the company actually manages to manufacture and deliver to reservation holders. That said, a new investor note from Goldman Sachs (via MarketWatch) relays that Model 3 deliveries for the first quarter of 2018 will likely fall below Wall St. estimates.

Beyond the Model 3, Goldman Sachs analyst David Tamberrino anticipates that Model S and Model X shipments for the quarter will also disappoint when Tesla formally posts its Q1 earnings next month. Predictably, shares of Tesla fell immediately in the wake of the bearish research note.

The Goldman Sachs research report reads in part:

We believe the company is tracking below its 2018 Model S/X guidance of approx. 100k units (an implied 25,000 per quarter). Further, while monthly Model 3 deliveries are showing sequential improvement, we estimate that they will fall well short of consensus expectations.

Consequently, Goldman Sachs anticipates that Tesla shares may drop down to $205 over the next six months. That’s a bold projection given that Tesla shares haven’t traded in the low $200s since 2016. The projection is even bolder given that Tesla is reportedly getting a better handle on Model 3 production. Last we heard, the company remains confident that Model 3 production will jump to 5,000 units per week by the end of June.

Going forward, it will be interesting to see how the Tesla Semi impacts the company’s stock price, if at all. As we’ve reported previously, Tesla Semi pre-orders have been extremely impressive, with a number of Fortune 500 companies having already placed orders. UPS, for example, ordered 125 units in late December.

Still, demand has never been an issue for Tesla. So while the Tesla Semi is slated to begin production in 2019, it remains to be seen when the vehicle might actually start appearing on the road.

A life long Mac user and Apple enthusiast, Yoni Heisler has been writing about Apple and the tech industry at large for over 6 years. His writing has appeared in Edible Apple, Network World, MacLife, Macworld UK, and most recently, TUAW. When not writing about and analyzing the latest happenings with Apple, Yoni enjoys catching Improv shows in Chicago, playing soccer, and cultivating new TV show addictions, the most recent examples being The Walking Dead and Broad City.




Popular News