Tesla is the one who has the crown of the king of EVs company in the EVs market. Tesla was launching so many Models and is still in the process of launching and manufacturing the new models. There such models which are become so famous such as Tesla Model 3, Tesla Model y Tesla Model X, and Tesla Model S.
According to the previous data, Tesla was claiming that the company will manufacture over 2 million cars in Q2 which was quite achieved for Tesla because according to the news Tesla produce overall 3 million cars in 2022. But still, after such a hectic manufacturing schedule, Tesla fails to equivalent the demand with the supply. This must be good news or as well as bad news for Tesla that the demand for Tesla increased day by day so that the price of gas was increased at the start of the year 2022 but still it didn’t affect the demand for the car instand its increases but Tesla is failing to deliver 50% of the orders of the customers.
Not even this the demand for the car becomes this tactic so that the websites of pre-ordered booking become blocked and now Tesla has to face “unprecedented demand,”.According to the analysis of Wall Street analysts after a visit with management at Gigafactory Berlin Tesla start hiring more automakers in order to manufacture the car but there have been many indications that Tesla is experiencing strong demand.
Not even this, things got complicated when Tesla even stopped taking orders on some versions of its vehicles because the backlogs were becoming too long then customers start criticizing the management of Tesla and putting their aggression on Twitter. Apart from this Last week, Tesla held an event for analysts at Gigafactory Berlin, and Pierre Ferragu of New Street Research participated.
In a note to clients, Ferragu noted that he sees Tesla facing “unprecedented demand”:
Tesla is facing unprecedented demand. Everybody I know at Tesla and with whom I could discuss that topic agrees that demand is way above what hopes were a few years ago. Electric cars are so popular that for Tesla and their competitors, market shares will mostly be dictated by their ability to ramp volumes.
The analyst came out of the visit, impressed by the efficiency of Gigafactory Berlin.
He wrote:
Compared to Fremont, Berlin is visibly much more efficient. Logistics inside the factory are much simpler, eased by docks surrounding the fab from all sides and ensuring parts come in at the right place in the manufacturing chain. The single manufacturing line is designed for a cycle time of 45 seconds and will deliver 10,000 cars per week at full capacity. (On a side note, it takes just above 5 full days non-stop to do 10,000 cars at 45 seconds per car, so this target accounts for a healthy 25% downtime.) Most importantly, cars are manufactured today with rear casting and will shift to the rear and front casting as soon as the 4680 structural battery packs will be available.
Ferragu has a price target of $530 on Tesla’s stock, which represents a significant upside on the current value of $275 a share.
Long term, Ferragu even sees a case for Tesla being worth $10 trillion by 2030, but that’s based on the automaker achieving its goal to produce 20 million electric vehicles per year by then. For comparison, that’s about four times Apple’s current valuation. I hope that Tesla will be able to match its demand with the supply of its customers one day.
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