With less than 40 days to go until the end of 2019, the most important task for the major automakers is the year-end sprint. The performance of Tesla, the electric car company, has been a close concern. Tesla’s total revenue for 2019 is expected to exceed $25 billion, according to media reports, based on first-quarter results and fourth-quarter revenue forecasts.
Tesla’s previous earnings report showed revenue for the first three quarters of the year was $4.541 billion, $6.35 billion and $6.303 billion, respectively, for three quarters totalling $17.194 billion. Year-on-year increase of 20.78 percent.
If growth continues to grow 20.78 percent in the fourth quarter, Tesla’s full-year revenue will exceed $25 billion, up from $21.461 billion last year.
Foreign analysts believe that if Tesla’s Model S/X sales continue to grow in the fourth quarter, then revenue is significant. It is important to note that Tesla’s fourth-quarter growth is likely to come from the Chinese market.
At present, The Tesla Super Factory in Shanghai has obtained a production license from the Ministry of Industry and Information Technology, and the domestic Model 3 has been officially unveiled. Tesla’s Shanghai plant is understood to be aiming to produce 174,000 Chinese-made Model 3s by the end of 2019. Even with conservative estimates, the Tesla Model could produce 12,000 vehicles by the end of the year.
With the Shanghai Super plant in production, Tesla’s fourth-quarter earnings will be effectively released and its revenue will increase, down from the fourth quarter of last year.