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Tesla (TSLA) Shipping Momentum 'Very Solid' - Global Equities' Chowdhry

February 9, 2022 10:16 AM EST
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Price: $177.90 +11.00%

Rating Summary:
    31 Buy, 18 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 21 | New: 16
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Global Equities Research analyst Trip Chowdhry weighed in on Tesla (NASDAQ: TSLA) after his latest round of factory checks, done on February 8th. Chowdhry noted production, shipping, and delivery momentum is "extremely solid" and said delivery activity in 1Q2022 is much stronger than 4Q'2021.

Chowdhry highlighted:

  • Sequentially Model S Plaid ($130K Car) deliveries up about 15%
  • Model S Plaid has High-Margins

The analyst provided a picture of a shipping truck that had 4 Model S Plaid on it. Last month they saw about 2 to 3 Model S/X Plaid per shipping truck.

The analyst reiterated an Overweight rating and $1,500.00 price target on Tesla.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $922.00 yesterday.



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Tesla, Trip Chowdhry