Barrons is a leading financial paper. Barrons article is entitled “Tesla Stock Turns Higher Because Sales and Deliveries May Blow Away Estimates”.
A key Tesla supplier revenues indicates Tesla is buying components for 1 million cars in 2021.
Tesla’s 10Q filing and Elon Musk compensation indicates Tesla believes over $55 billion in revenue is probable for 2021. This would be well over the street estimate of less than $50 billion in revenue.
Tesla only stated officially the financial guidance that Tesla would build, sell and deliver well over 750,000 vehicles in 2021. However, its legal filings and supply purchases indicate clearly that Tesla expects 1 million cars sold in 2021.
$TSLA breaking: ST-micro SiC revenues this year will be $550m, vs. $450-500m expected only a few months ago. They are sole supplier to Tesla and Tesla is >>80% of their SiC. Tells you how confident Tesla is about this year. $550m SiC could well be 1m inverters!!
— Pierre Ferragu (@p_ferragu) April 29, 2021
Retweeting. This didn’t get much attention yesterday, but I think it’s important.
— Gary Black (@garyblack00) April 29, 2021
SOURCES – Gary Black, Barrons, Pierre Ferragu
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.