Analyst says Tesla is on track to produce 1,000 Model Y vehicles per week by mid-2020

Model Y

Ben Kallo, an analyst from Robert W. Baird & Co., has noted in his latest research note to clients after a visit to Tesla’s factory in California that Tesla is on track to produce 1,000 Model Y units per week by mid-2020.

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This estimate is in line with Tesla CEO Elon Musk’s estimate of 1,000 unit volume production by mid-2020, which he announced during Tesla’s Q3 earnings call. Recent reports have suggested an even earlier Q1 2020 production and delivery estimate.

Overall, Kallo remains optimistic about TSLA and has maintained a buy rating for the stock for over 2 years.

“Production appears to be ramping in the China factory, and we think Chinese vehicles should be margin accretive over the long run, given lower manufacturing costs in the region. Additionally, TSLA plans to begin construction on the European factory in the near-term, and is expected to develop Model Y manufacturing capacity in both regions, as well.”

Earlier this week, another analyst Trip Chowdhry also visited the factory, something that Tesla offers to investors and analysts. During his visit, he came across a Model Y doing laps around the Fremont test track. Based on his observations, he also believes the Model Y is on schedule and Tesla should be able to meet the summer 2020 production estimate, if not sooner.
h/t [Electrek]

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