Tesla Gigafactory 4 gets first protesters amid ongoing tree removal activities


A few dozen residents from Grünheide near Berlin recently organized a gathering known as a “Forest Walk” to protest against Tesla’s current tree removal activities at the European Gigafactory 4 complex’s site. Fifty Grünheide locals attended the protest, gathering around lunchtime hour on January 12, according to a report from rbb24.de.

Protesters were spotted in yellow safety vests replicating the infamous “Yellow Vest Movement” in France. The protesters requested the preservation of the forest while speaking of a lack of public recognition. According to the protesters, they were not asked about the project and were worried about the potential contamination of drinking water due to the activities on the site.

The protesters recognized themselves as apart of a group known as NABU (Nature and Biodiversity Conservation Union). “I think every citizen here has his own topic. For some, it is nature and the forest or people. The factory will also emit pollutants that pollute the region,” Spokesperson Nadine Rothmaier said to local reporters.

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While construction of the new plant will cause the emittance of some pollutants, it is simply impossible to avoid this scenario. It should also be noted that Tesla will be planting three times as many trees as they cut down in areas surrounding Grünheide.

The company also released an Environmental Impact Report in early January that stated they were planning to relocate numerous species of animals to avoid harming them. The company also plans to accelerate the initial deforestation activities in the area so as not to interrupt bird breeding that begins in early March.

Another member of the group voiced their concerns about the already difficult task of providing enough clean drinking water to the town. “If a huge consumer is now added by Tesla, it will be even more difficult,” Steffen Schorcht stated. Tesla has been looking for numerous providers of clean drinking water for the site as the company has recognized the local sources will simply not be enough.

Another resident mentioned concerns about forest fires. Tesla will have to use underground water pumps to remove groundwater from the site. The resident stated that if Tesla removes this water, the forest will become too dry and could easily catch fire.

Some members of the protest group stated they will be returning next Saturday on January 18 to resume demonstrations and may begin to take legal action against the company. “We will also raise objections to Tesla’s environmental impact assessment in the normal legal way,” Schorcht stated.

Tesla began the process of cutting down the trees from the property on January 6 and plans to have the entire process completed by February 27. While Tesla has stated they plan to replace the trees, local environmentalist groups state the company many have trouble finding sufficient land to plant the replacements because some of the surrounding areas may not be suitable.

Tesla Gigafactory 4 gets first protesters amid ongoing tree removal activities

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Tesla (TSLA) stock breaks $500 amidst optimistic price target from Oppenheimer


Tesla shares (NASDAQ:TSLA) showed some strong recovery on Monday’s opening bell, bouncing back over $500 per share amidst an optimistic, updated price target from Oppenheimer. In a recent note, the firm boosted its PT for the electric car maker to $612 per share, one of the highest in Wall Street. 

In a note to clients, Oppenheimer analyst Colin Rusch stated that he believes Tesla has reached a “critical scale” that is sufficient to support sustainable positive free cash flow (FCF). The analyst also reiterated his “Outperform” rating on the company, together with his $612 price target, which implies an upside of over 20% from Friday’s closing price of $481 per share. 

This does not mean to say that Tesla is poised to lose its trademark volatility. Explaining further, Rusch stated that while TSLA stock may remain volatile, he believes that the company has “key advantages” over its competitors in terms of powertrain design and battery innovations, ADAS fleet size, a roadmap to energy independence, and consumer enthusiasm. 

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“We believe Tesla’s powertrain technology, power/data architecture, and operating system are tracking ~three years ahead of competition based on available vehicles and checks on new platforms. Given the resolution of manufacturing bottlenecks and demonstration of strong consumer demand, we believe TSLA is becoming a must-own stock and could benefit from inclusion in additional indexes.” 

“[W]e believe the company’s risk tolerance, ability to implement learnings from past errors, and larger ambition than peers are beginning to pose an existential threat to transportation companies that are unable or unwilling to innovate at a faster pace,” Rusch wrote in his note. 

With his “Outperform” rating and $612 per share price target, Oppenheimer now stands as the second-biggest bull for Tesla. Above the firm is Elazar Advisors analyst Chaim Seigel’s $734 per share price target. Of course, far above other firms’ estimates is ARK Invest’s $4,000 to $6,000 price target for TSLA shares, though a huge part of this valuation will depend on the rollout of the company’s Robotaxi network. 

Tesla shares have exhibited an impressive run over the past three months, rising about 93% over the past three months through Friday. The S&P 500, on the other hand, has gained 9.9% in the same period. 

Tesla is heading into 2020 with a lot of momentum. Apart from optimistic price targets from multiple Wall Street analysts, the company is also poised to record stronger sales in China, where it has started delivering locally-produced Model 3 to customers. Tesla is also making some headway in its efforts to establish a fourth Gigafactory in Europe, which will be built in the state of Brandenburg near Berlin. 

As of writing, Tesla stock is trading +5.35% at $504.65 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) stock breaks $500 amidst optimistic price target from Oppenheimer

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SpaceX just blew up a Starship tank on purpose and Elon Musk says the results are in


Before dawn on January 10th, SpaceX technicians and engineers intentionally blew up a miniature Starship tank in order to test recently-upgraded manufacturing and assembly methods, likely to be used to build the first Starships bound for flight tests and orbit.

SpaceX CEO Elon Musk quickly weighed in on Twitter later the same day, revealing some crucial details about the Starship tank test and effectively confirming that it was a success. While somewhat unintuitive, this is the second time SpaceX has intentionally destroyed largely completed Starship hardware in order to determine the limits of the company’s current methods of production and assembly.

Most notably, on November 20th, SpaceX is believed to have intentionally overpressurized the Starship Mk1 prototype in a very similar – albeit larger-scale – test, destroying the vehicle and sending its top tank dome flying hundreds of feet into the air. It’s generally believed that SpaceX (or perhaps even just Musk) decided that Starship Mk1 was not fit to fly, leading the company to switch gears and deem the prototype a “manufacturing pathfinder” rather than the first Starship to fly – which Musk had explicitly stated just a few months prior.

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Instead, Starship Mk1 suffered irreparable damage during its pressurization test and was rapidly scrapped in the weeks following, although several segments were thankfully salvaged – perhaps for use on future prototypes. Along those lines, it can arguably be said that the results from the mini Starship tank’s Jan. 10 pop test have paved the way for SpaceX to build the first truly flightworthy Starship prototypes – potentially all the way up to the first spaceworthy vehicles.

Hours after the test, Musk revealed that the Starship test tank failed almost exactly where and how SpaceX expected it would, bursting when the weld joining the upper dome and tank wall failed. Critically, the tank reached a maximum sustained pressure of 7.1 bar (103 psi), some 18% over the operating pressure (6 bar/87 psi) Musk says Starship prototypes will need to be declared fully capable of orbital test flights. In other words, given the tank’s size, it survived an incredible ~20,000 metric tons (45 million lbf) of force spread out over its surface area, equivalent to about 20% the weight of an entire US Navy aircraft carrier.

Musk also revealed that SpaceX will require Starships to survive a minimum of 140% of that operating pressure before the company will allow the spacecraft to launch humans.

Some have less than generously taken to smugly noting that several modern spaceflight and engineering standards require that launch vehicle tankage be rated to survive no less than 125% of their operating pressure, while this test tank would be rated for less than 118% under identical conditions. However, this ignores several significant points of interest. First and foremost, the Starship test tank intentionally destroyed on January 10th was assembled from almost nothing – going from first weld to a completed pressurization test – in less than three weeks (20 days).

Second, all visible welding and assembly work was performed outside in the South Texas elements with only a minor degree of protection from the coastal winds and environment. Although some obvious tweaks were made to the specific methods used to assembly the prototype tank, it also appears that most of the welding was done by hand. For the most part, in other words, the methods used to build this improved test article were largely unchanged compared to Starship Mk1, which is believed to have failed around 3-5 bar (40-75 psi).

Additionally, it appears that almost all aspects of this test tank have smaller structural margins, meaning that the tank walls and domes are likely using steel stock that is substantially thinner than what was used on Starship Mk1. Nevertheless, thanks to the addition of continuous (single-weld) steel rings, a tweaked dome layout, and slightly refined welding, this test tank has performed anywhere from 20% to 200+% better than Starship Mk1 – again, all while coming together from scratch in a period of less than three weeks.

SpaceX technicians finished welding the tanks two halves together less than 24 hours before the tank was successfully pressure-tested. (NASASpaceflight – bocachicagal)

As Musk notes, with relatively minor improvements to welding conditions and the manufacturing precision of Starship rings and domes, SpaceX can likely ensure that Starships (and thus Super Heavy boosters) will be able to survive pressures greater than 8.5 bar (125 psi), thus guaranteeing a safety margin of at least 40%. Even a minor improvement of ~6% would give vehicles a safety margin of 125%, enough – in the eyes of engineering standards committees – to reasonably certify Starships for orbital test flights.

Technicians worked through the night and into the predawn morning to prepare the mini Starship tank for an intentional test to failure. (NASASpaceflight – bocachicagal)
Although several hours after a scheduled roadblock, SpaceX ultimately successfully completed the pressure test around 5 am CST (11:00 UTC), January 10th. (NASASpaceflight – bocachicagal)

All things considered, it’s safe to assume that SpaceX is going to begin building and assembling Starship SN01 (formerly Mk3) hardware almost immediately. Given that this test tank took just 20 days to assemble, it’s safe to say that the upgraded prototype’s tank section could be completed in just a handful of weeks. Stay tuned for progress reports.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX just blew up a Starship tank on purpose and Elon Musk says the results are in

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Tesla’s rise in Germany is only the beginning of Elon Musk’s plan in Europe


As Tesla awaits to begin construction of its Gigafactory 4 in Brandenburg, the US electric car manufacturer made big strides in terms of making the automotive giants feel its presence. Tesla led all brands in terms of most new registrations of purely electric cars for 2019 in Germany.

Based on the data from Germany’s Federal Motor Transport Authority (KBA), Electrive reported that Tesla delivered 10,710 electric vehicles in 2019, edging Renault, which came in a far second with 9,431 units. BMW posted the third most EV registrations with 9,117 vehicles hitting the road.

The Tesla Model 3 was the leader of the pack in December with 926 new registrations followed by the Renault Zoe with 780 and the Volkwagen e-Golf with 764. New registrations of Model S and Model X were 114 and 89, respectively.

Likewise, KBA reported that Tesla is the king of imported brands in Germany. The Palo Alto, California-based carmaker registered a 462.3% increase in new vehicle registrations last year. Lexus posted a 29.7% increase while Ssangyong went up by 17.8%.

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The latest numbers bode well for the future of Tesla in a country considered as the hub of automotive giants such as Daimler, BMW, and Volkswagen. But it’s not just Germany that experienced Tesla’s strong presence. In the Netherlands, Tesla crushed the competition to end 2019 with 30,882 new electric vehicle registrations last year. The Model 3 was also the best selling car for 2019 in Norway, posting an 11% market share.

It is an impressive achievement to see how Tesla’s vehicles compete as an imported brand in Europe and one can only be excited to think how things will be when Tesla begins production of the Model Y when Gigafactory 4 starts its operations.

It is also interesting to take note that more than half of new vehicle registrations in Germany were SUVs with a recorded increase of 21%. The Model Y’s entry into the market might just be perfectly timed to make the most of the demand in the segment, especially since Gigafactory 4 is expected to produce about 250,000 vehicles during its initial phase, ramping to about 500,000 units annually.

With such production goals, Tesla can saturate the local market that just happens to be switching to greener vehicles. Petrol and diesel units still dominated Germany’s December 2019 registrations but green vehicles gained the most impressive year-over-year gains. Electric cars posted gains of 49.8% compared to the same period in 2018, while hybrid vehicles recorded a 130.8% rise. PHEVs saw a 197.6% increase.

What Tesla is achieving in Germany now could help foretell what to expect in the biggest markets in Europe. Just like what Elon Musk is doing in China, Tesla will soon be a force to be reckoned with in the region. For a region that plans to dramatically cut down its CO2 emissions, Tesla may very well be the perfect car maker to support.

Tesla’s rise in Germany is only the beginning of Elon Musk’s plan in Europe

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Tesla cars will be able to ‘talk’ to vandals and pedestrians


Tesla CEO Elon Musk teased that its electric vehicles will soon be able to “talk” and backed it up with video footage of a red Model 3 that was heard saying, “Don’t just stand there staring, hop in.”

According to Musk, Tesla cars will be able to talk to pedestrians but also to vandals through Sentry Mode for “some epic robber confusion.”

It is not yet clear how the new feature will work or where the sound will come from. The sound bites might use the same speaker installed for the Model 3’s pedestrian noisemaker first seen last year, but the car on the footage has its windows rolled down and it’s not clear if the voice was coming from inside the vehicle. Nevertheless, hearing a Tesla talk adds to the fun factor of the vehicle. These can be sound bites played by from the car’s touchscreen or automatic voice prompts that can be set to warn nearby humans or just blurt out some phrases to make people laugh. Of course, the addition of voice warnings to the Sentry Mode of Teslas will help beef up the security of vehicles as the noise can warn owners or nearby humans that someone is about to rob or potentially vandal a Tesla.

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With Elon Musk’s known interest in safe artificial intelligence, it will also be interesting to see if future Teslas will really be able to interact with its occupants or if such features can be integrated into the Autopilot and Full Self-Driving technologies of the Palo Alto, California-based car manufacturer.

Imagine a Tesla electric vehicle in the future that talks like Knight Rider’s KITT. This perfectly fits the picture of Tesla robotaxis with a butler-sounding voice prompt picking up passengers and earning money for their owners who might be busy. While these ideas are a long shot, they are not far fetched as Tesla has been working to perfect its Full Self-Driving technology and also making voice commands an integral part of its system.

Other features such as the mobile app with in-car search capabilities that the Tesla chief confirmed recently will also go well with talking Teslas.

As always, the light-hearted and funny side of Musk surfaced during the conversation about talking electric vehicles as he said the cars will also be able to fart a la Monty Python in the general direction of nearby pedestrians.

Tesla cars will be able to ‘talk’ to vandals and pedestrians

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Every Tesla Model Y sighting so far: Subtle refinements from unveiling event to today


A Tesla enthusiast recently compiled all of the sightings of the Model Y in chronological order. The video shows how Tesla has been fine-tuning the vehicle ahead of its initial production phases and its first deliveries later this year.

YouTuber and electric vehicle enthusiast Ryan Shaw compiled a complete collection of every Model Y sighting, from its first public sighting in April 2019 in Fremont, California outside of Tesla’s headquarters to most recent ones shared online. From this sighting alone, it was evident that the Model Y is indeed a larger, taller version of the Model 3 sedan. It also provided a brief hint at the vehicle’s third row seats, which appear to provide very little space.

Amidst Tesla enthusiasts spotting the car on what seemed like a daily basis, the company did everything from equipping the vehicle with calibration equipment to testing out different wheels that are were initially only available to the Model 3 in China. Tesla seemed to be leaving no stone unturned when it came to the Model Y, refining the vehicle’s design and features as-needed to ensure a successful launch of its first SUV-style vehicle since the Model X.

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One of the biggest topics of discussion surrounding the Model Y is its size. Some may have been under the impression that it would not be as spacious as traditional crossovers. These speculations were addressed as Tesla started to roll out the Model Y for public road testing, and photographs and videos were taken of the vehicle driving next to a number of popular cars on the road. Based on these sightings, it is becoming evident that the Model Y’s size will be comparable to popular crossovers like the Honda CR-V.

Quite interestingly, the chronology of the Model Y sightings show the subtle refinements that Tesla’s release candidates have been displaying over the months. Initial sightings of the vehicle in the wild featured rough edges on the crossover, such as mismatched trims and a lack of badges. This was not the case with more recent footage and photos of the vehicle, which reveal a crossover that looks every bit like it’s slated to enter production soon.

The Model Y will begin production at the Fremont factory by the Summer and those who have pre-ordered the vehicle are expected to take delivery soon after. The vehicle will also be produced at Gigafactory 3 in Shanghai and Gigafactory 4 near Berlin. Tesla CEO Elon Musk has even announced that the Model Y would be GF4’s first production vehicle.

Crossovers are currently a dominant force in the American automotive sector and make up for a majority of vehicle purchases in the United States. While manufacturers like Audi, Jaguar, Kia, and Hyundai have all released all-electric crossovers, Tesla will use its established ecosystem of trademark driver-assist features, OTA improvements, and charging network to give the vehicle an advantage in the market.

You can watch Ryan Shaw’s video of every sighting of the Tesla Model Y below.

Every Tesla Model Y sighting so far: Subtle refinements from unveiling event to today

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Tesla’s deal with Fiat-Chrysler could pave the way for its European Gigafactory


Tesla’s fleet pooling deal with Fiat-Chrysler Automobile’s (FCA) may generate enough for the electric car maker that it could end up funding Gigafactory 4 on its own, according to analysts at Baird.

Baird analyst Ben Kallo says the payments will augment Tesla’s profit margins and likely be enough to effectively pay for the purchase and initial construction of Gigafactory 4 near Berlin, Germany.

“While we acknowledge investors may want to strip out credits in evaluating operational execution, we do note the credits effectively fund Tesla’s European factory,” Kallo said in a report published on January 9.

The two automakers teamed up to create an alliance that would make it easier for Fiat to reach the European Union’s CO2 requirement of 95g per kilometer in 2020. The deal requires FCA to pay Tesla $2 billion through 2023, breaking down to around $150 million to $200 million payments for each quarter until the balance is paid off.

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Without the agreement with Tesla last Spring, FCA would have struggled to meet the newly-adopted emissions limits and it could have been subject to large penalties that may have put the company in an awkward place financially. This is why the EU granted an “open-pool” option that allows multiple car manufacturers to pool their fleets together to meet the regulations.

The EU was forced to lay down the hammer when it came to emissions regulations following Volkswagen’s lengthy scandal known as “Dieselgate.” The German automaker was accused of planting cheat devices in several of its Turbocharged Direct Injection (TDI) vehicles so they would pass emissions testing. VW has paid around $33 billion in fines and penalties since 2015.

FCA announced a $10.5 billion dollar plan to expand its fleet to include electric vehicles in its lineup last Spring. The company also recently unveiled its all-electric Fiat 500, and Plug-In Hybrid variants of Jeep’s Compass, Renegade and Wrangler.

However, FCA is not fully committed to a future that works toward sustainability. California recently made the decision to stop purchasing vehicles from companies that do not support the state’s emissions standards and FCA was one of the manufacturers involved. Hopefully, the manufacturer will reconsider its stance and join the movement that will fight the global climate crisis.

Tesla’s deal with Fiat-Chrysler could pave the way for its European Gigafactory

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Mazda will intentionally nerf its EV’s performance to make it act more like a gas guzzler


Recent statements from Joachim Kunz, Mazda’s head of Product Development and Engineering, have revealed that the Japanese carmaker will be adopting a rather curious approach to its electric car strategy. For one, the company intends to make sure that its first EV, the MX-30 SUV, will feel familiar to drivers, and it intends to accomplish this by intentionally tuning the vehicle to be less “frenetic” than other electric cars.

This, of course, will result in the MX-30 having performance that is not up to par with other premium electric cars like the Tesla Model Y and the Jaguar I-PACE. But this is not all that is quite strange with Mazda’s EV strategy. The company has also stated that it will not produce vehicles with large battery packs because they are allegedly worse for the environment.

Explaining his point to Autocar, Kunz cited a Japanese University’s study which claimed that a 95 kWh battery pack was less environmentally favorable than Mazda’s Skyactiv diesel engine. Thus, Mazda intends to utilize a rather small 35 kWh battery because it makes more sense environmentally, at least according to Kunz.

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The MX-30 will use a Panasonic lithium-ion battery manufactured in Japan that the company claims will give owners around 130 miles of range and 141 bhp. The company’s research suggested that by 50,000 miles, the Mazda MX-30 and its 35 kWh battery should start trending towards environmentally-friendly emissions.

For buyers who wish to travel longer distances, Mazda intends to release a “range extender system” that utilizes a compact rotary engine. Kunz stated it was too early to release any specific details on the rotary motor, but the system was available for the public to see in Portugal at Mazda’s event for the MX-30. The vehicle is expected to begin production in Europe later in 2020 and in the UK in 2021.

Electric vehicles are good for the environment. They create a smoke-free and environmentally-conscious transportation selection for whoever deems it as an appropriate option. Battery production has seen a drastic decline in CO2 emissions according to a Swedish environmental group. Simply put, there continues to be little to no need to place petrol-powered motors in electric vehicles.

Tesla’s industry-leading battery technology has led to a growth in the electric vehicle sector for a number of reasons. One of the biggest reasons is the fact that Tesla vehicles offer more range than any other electric car on the market and it has to do with the company’s constantly-improving battery technology. With this in mind, Mazda’s EV strategies, particularly with regards to performance and range, seem uninspired at best and questionable at worst.

Mazda will intentionally nerf its EV’s performance to make it act more like a gas guzzler

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Tesla’s replanting of trees near Gigafactory 4 complex may be more difficult than expected


Tesla and the State of Brandenburg are preparing for afforestation in lands surrounding the recently purchased lot where Gigafactory 4 will eventually stand.

Brandenburg BUND Conservation Officer Axel Heinzel-Berndt stated that Tesla officers have been contacted by environmentalists several times since the company has started removing trees from a portion of its €40.91 million, 300-hectare property.

The company has promised to replant three times as many trees as it knocks down in areas surrounding Gigafactory 4. However, Heinzel-Berndt says the task may be more difficult than the automaker thinks because the amount of land optimal for the growth of new trees is small.

“It will be difficult to find arable land on this scale. But it is also conceivable that, instead, species-poor pine forest is converted into mixed forest,’ he said in an interview with taz.de.

Tesla has also summoned the help of a local company to determine what type of trees would thrive in the areas they plan to replant. The company is looking for trees that would be suitable for endangered bats and sand lizards in the area. The electric car maker is planning to relocate the anthills of wood ants that inhabit the area as well.

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Tesla began cutting trees down on 90 hectares of the property on January 6. The company must have the initial tree removal phase completed by February 27 because Brandenburg’s bird breeding season begins a few days later on March 1. Tesla’s Environmental Impact Report stated they were worried about the many different species of wildlife in the area and were mostly concerned about harming as few animals as possible.

Heinzel-Berndt himself supports Tesla’s presence in the country, as electric cars are better for the environment than internal combustion engines. While he is aware that the upcoming production plant is not popular with every citizen, he sees it as an opportunity to improve the environment and the earth and appreciates Tesla’s mission.

“Environmental and climate policy measures should be socially compatible. In this respect, you should not reject such an offer lightly. That is our current state of discussion,” he added.

Tesla has already started posting jobs for the German production facility and plans to hire as many as 8,000 employees when the factory hits its maximum production phase in a few years. Gigafactory 4 will begin producing the Model Y in July 2021 and the company plans to eventually build half-a-million cars a year at the complex.

Tesla’s replanting of trees near Gigafactory 4 complex may be more difficult than expected

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Tesla gets 30% price target boost as analyst ponders 650k annual sales in China alone


Recent news about Tesla stock (NASDAQ:TSLA) have mostly been focused on the recent downgrades it received from Wall St, but amidst analysts’ more cautious stance on the company, the electric car maker actually received a 30% higher price target from Piper Sandler. The firm noted that its more optimistic outlook was due to the potential of Tesla in China. 

In a recent note to clients, Piper analyst Alexander Potter stated that the Made-in-China Model 3 could end up being successful. Provided that the Model 3’s market share in the United States can be replicated in China, the all-electric sedan could help Tesla boost its delivery volumes to record levels. 

“Bottom line: If Tesla’s Model 3 market share in the United States can be replicated in China — and if this logic extends also to Model Y — then Tesla’s annual volume in China alone would eventually exceed 650k units,”  Potter wrote

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For its potential in the world’s largest auto market, the Piper analyst has given Tesla a target price of $553 per share, a large jump from its previous target of $423. That’s a boost of over 30%, making the firm one of Tesla’s biggest bulls as of writing. 

While Potter’s expectations in China appear to be extremely ambitious for now, it should be noted that Tesla appears to be in very good graces with the country’s government. This has been true since the electric car maker was still in the planning stages of Gigafactory 3, with the company receiving favorable treatment from regulators. Tesla even got low-interest loans from local banks to fund the initial construction of the Shanghai-based facility. 

The construction of Gigafactory 3’s Phase 1 zone was completed in record time, and by December 30, less than a year since the factory broke ground, Tesla delivered the first Made-in-China Model 3 to employees. Actual customer deliveries started earlier this week, with Elon Musk flying over to Shanghai and handing over Model 3 sedans to local customers. Musk appeared to be in high spirits during his visit, at one point even dancing on stage

Musk’s visit also marked the start of China’s Model Y program. Tesla expects the all-electric crossover to outsell the Model S, 3, and X on its own. With the Model Y saturating the local Chinese EV market, Piper Sandler’s ambitious annual estimates for China may very well end up being realistic after all. 

As of writing, Tesla stock is trading -0.31% at $479.86 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla gets 30% price target boost as analyst ponders 650k annual sales in China alone

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