Barrons reports on evidence that Tesla is tracking to 1 million sales in 2021.
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.
From $TSLA 10-Q: 2018 CEO Award showed as “Probable” CEO Milestone of $55B Revenue, and recognized $116M of CEO SBC expense even with 1Q Revs of just $10.4B. pic.twitter.com/HAZaqJS6bt
— 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.
Increasing share and quantities of a sustaining and growing market? -or- is there elevated evidence of stagnation and plateauing of EV single-family vehicles? Competition with a growing hydrogen economy (moreso in EU) and possible dis-satisfaction with existing infrastructure, upfront costs, convenience of charging and repair? …
https://www.greencarcongress.com/2021/05/20210503-ucd.html