Tesla (TSLA) had a stellar year in 2020, and the company’s Q4 2020 earnings report is scheduled for later today, immediately following the market’s close.
While Tesla is expected to report its sixth straight quarter of immense growth, according to Axios, the company’s announcement could also have a major impact on the electric vehicle (EV) market as a whole, given that Tesla is currently its most dominant automaker.
Following Tesla’s record-breaking 500,000 deliveries in 2020, analysts are wondering what kind of delivery goals the company may set for 2021 – a year when more EV makers than ever are breaking onto the scene, or at least planning to in the years to come.
Tesla FSD Beta 8.1 (2020.48.35.7) Tested on Snowy Streets in Chicago [VIDEO] https://t.co/HZkOUYmQ1f
— TeslaNorth.com (@RealTeslaNorth) January 27, 2021
Nick Shields, an analyst at the Third Bridge investment firm, wrote in a note, “Experts in the industry we speak to believe that the company could realistically deliver upwards of 700-800K vehicles in the year.”
With Tesla’s market capitalization is currently outpacing those of several traditional vehicle manufacturers, many experts are speculating whether Tesla is in a bubble or not.
Alongside Tesla’s currently-available selection of the Model S, Model 3, Model X, and Model Y, the company will also unveil the both highly-anticipated Cybertruck and the Model S Plaid later this year, with a more affordable EV coming at a later date, which has been informally dubbed the “Model 2.”
Tesla’s got some positive momentum rolling right now and after we learn about its Q4, we can already look forward to what 2021 is going to bring.
