Tesla (TSLA) Factory Checks Suggest Model S and Model X May Have Reached 'End-of-Life', Focus to Be Model Y, 3 and Cybertruck - Chowdhry

January 9, 2020 10:39 AM EST
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Global Equities Research analyst Trip Chowdhry conducted his routine checks at Tesla's (NASDAQ: TSLA) Factory, Delivery Hub and Shipping Docks. His key takeaway was the Y Factory activity is off to a good start and the product mix is shifting.

Product Mix is Shifting. Model S and Model X may get discontinued, thereby paving way for CyberTruck or maybe CyberCar, 2 years from now

  • On relative basis, we saw much more Model S and Model X coming from the Production Area to Holding Area

KEY TAKEAWAYS:

  • We think, there is some burst in production of both Model S and Model X
  • We have taken the Test Ride in CyberTruck.
    • The technology of CyberTruck is exponentially over and beyond both Model S and Model X.
    • CyberTruck is completely in a different Technology Orbit
  • Model Y seems to be on plan, the outside construction is now complete

Based on the above, we think the following is happening:

  • TSLA will very likely announce that Model S and Model X have reached their end-of-life, and if anyone wants to buy these cars, for whatever reason, have up until June-July'2020 to buy one
  • TSLA focus for next 2 years will likely be the following:
    • 70% Effort on Model Y
    • 30% Effort on Model 3
  • Our research is indicating that demand for Model Y will easily be 3x that of Model 3
    • 2 Years from now, we think TSLA will Launch CyberTruck and maybe CyberCar


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