) is already considered the leading electric vehicle maker, the company is now going after market share from more established original equipment manufacturers. This means over the next two years it will be important to see where the firm stands relative to legacy automakers – and less so in comparison to smaller EV companies, according to Philippe Houchois of Jefferies.
The analyst is more concerned with Tesla's future ability to succeed in this manner. He believes that a ramp-up in production will be a main catalyst for the company. Indeed, with its new gigafactories in Austin and Berlin, the company is expected to add meaningful supply in February and April, respectively. The EV producer has seen its backlog of orders soar to considerable levels, causing Houchois to add that"filling that capacity is not a given" at the moment.
Further, the analyst wrote that Tesla has a"business model possibly set to generate cash faster than the ability to add product and capacity." Houchois is looking to Tesla's quarterly earnings results on Jan. 26. The firm may validate its strong profits and provide updates for Cybertruck or for a more affordable sedan model.
The analyst stands at No. 244 out of over 7,000 professional analysts. He maintains a success rate of 70% and has returned an average of 41.9% on his picks.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »