July 8 (Upi) — In the recent wave of electric vehicle development, Tesla, a start-up with less than 20 years of existence, is at the forefront of the industry, producing and delivering more than 300,000 electric vehicles last year and achieving revenue of $24.578 billion in 2019, according tomedia reports. Tesla, which is growing, is building more superfactories and more models to produce electric vehicles, and production and delivery of electric vehicles are increasing year by year, and even as a result of the outbreak, they delivered more than 90,000 electric vehicles in the second quarter of this year, exceeding analysts’ expectations.
Some analysts expect Tesla’s electric vehicle deliveries to rise significantly, to 2.5 million by 2025 and $100 billion in revenue.
Joe Osha, an analyst at JPMorgan Securities, said they saw no reason not to believe that 130,000 to 140,000 electric vehicles could be delivered in the following quarter if a manufacturer could deliver more than 90,000 electric vehicles in a challenging quarter. According to his estimate, Tesla is expected to deliver 757,000 electric cars next year.
Joe Osha is also bullish on Tesla’s prospects in the coming years, predicting 2.5 million electric vehicles by 2025, revenue of $100 billion and a 20 percent ebitda before interest, tax, depreciation and amortisation.
Based on expectations of Tesla’s strong future prospects, Joe Osha also raised his target price for Tesla’s stock at $1,500, the highest among Wall Street analysts.
At the close of trading on Tuesday local time, Tesla shares were trading at $1,389.86, up $18.28 from the previous session’s close of $1,371.58, just short of Joe O’Shaughnessy’s target of $1,500.