Tesla: stock speeds off on higher deliveries

(CercleFinance.com) - Tesla shares rose over 13% in New York yesterday, after the carmaker announced the delivery of over 308,000
vehicles in Q4 2021, up 71% y-o-y.


Over the year as a whole, the company produced over 930,000 electric cars and delivered more than 936,000.

New Street Research said that is deliveries in Q4 2021 were much higher than the consensus and even its own expectations, with Tesla one of its best picks for 2022, on which analysts have a "buy" rating and target price of 1580 dollars (current price about 1200 dollars).

Meanwhile, Jefferies confirmed its 'buy' rating on the stock. This broker expects 2021 EBIT of 6.4 billion dollars (above 5.9 billion for the consensus), with volumes of 1.3 to 1.4 million vehicles sold in 2022.


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