Later this week on Wednesday, April 29 Tesla will be holding their Q1 2020 earnings call. Earlier this month they released their sales figures for the quarter, delivering a record 88,400 vehicles despite the impacts of coronavirus.
According to analysts on Wall Street, the automaker is expected to announce revenue of around $5.89 billion, up nearly 30% from the same quarter in the previous year (via Nasdaq).
But one of the managing partners of Gerber Kawasaki Wealth & Investment Management, Hatem Dhiab is projecting that Tesla will have revenues of more than $100 billion ($25 billion per quarter) by the year 2025. He also believes that Tesla shares (TSLA) will rise in tandem as revenues increase.
Part of the reason for Dhiab’s bullish projections is Tesla’s online sales model, where customers purchase the cars through Tesla’s online store, leave it virtually unaffected by the coronavirus outbreak as legacy automaker struggle to get customers into their dealerships.
Another reason is Tesla’s potential for growth in China. With the completion of Gigafactory Shanghai and production ramping up, Tesla’s sales number for both February and March have reached record highs, again despite the coronavirus outbreak which first hit late last year in China.
You can check out Hatem Dhiab’s full interview below.
h/t [Tesmanian]
