Tesla’s sales to reach $16.44 billion in current quarter: Report

According to the latest report, stock research analysts expect Tesla’s sales to reach $16.44 billion in the current quarter. In the same quarter last year, Tesla’s sales were $10.39 billion, indicating a year-over-year growth rate of 58.2%.

Analysts at investment research firm Zacks expect Tesla to report full-year sales of $81.48 billion this year, with an estimated range of $64.37 billion to $93.30 billion. The Zacks Sales Average is an average based on surveys of sell-side Tesla analysts. 

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For the next fiscal year, analysts expect Tesla to report sales of $107.43 billion, with estimates ranging from $81.28 billion to $134.93 billion. Moreover, Tesla is expected to report its latest earnings on April 25, as the company prepares for several milestones.

First up is Tesla’s Berlin Giga plant, where the first German-made Model Y’s will be delivered on March 22. The Berlin Gigafactory will hold a small event for the delivery of its first Model Ys, mostly to Tesla employees in Germany. 

Meanwhile, in Texas, Tesla is preparing to deliver the first Model Y with a structured battery pack and 4680 cells. Tesla’s Shanghai factory has not slowed down. Tesla China announced wholesale data of 59,845 vehicles in January and 56,515 vehicles in February.

Since Tesla China started operations in 2019, its revenue has grown by more than 100% for two consecutive years. Tesla is also expanding its Fremont, California factory.

(via)