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Tesla anticipated to hit low end of 2019 deliveries forecast

by Ace Damon
Tesla anticipated to hit low end of 2019 deliveries forecast

Tesla is expected to meet the lower limit of its delivery forecasts for 2019, with China in focus this year, according to some analysts.

The electric vehicle manufacturer previously announced that it expected to deliver 360,000 to 400,000 units worldwide last year. Tesla is expected to provide your delivery details in the coming days.

Canaccord Genuity's Jed Dorsheimer said in a statement that he expects Tesla to surpass 360,000 units. He previously predicted that the company would deliver 368,965 units.

Wedbush's Daniel Ives agrees that Tesla should comfortably reach its 2019 outlook.

In the future, Dorsheimer and Ives predict that China will play a critical role in the company's growth. Tesla delivered its first batch of Model 3 cars made in Shanghai last month.

Ives says boosting production at Tesla's China plant and measuring demand in the region will be the main focus of investors over the next 12 to 18 months.

Although Tesla has faced its share of financial concerns, Dorsheimer believes these concerns will be silenced this year.

"As Tesla secured funding for China's gigafactory and demonstrated greater profitability, we believe the investor focus in 2020 will be directly on the biggest electric vehicle opportunity," he wrote.

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