BTW., here's some full(er) quotes from the Wolfe report, with new facts highlighted:
'Wolfe Research analyst Rod Lache reiterated an Outperform rating and $430.00 price target on
Tesla (NASDAQ:
TSLA) saying they are incrementally convinced that the recent noise is '"just noise" after hosting Tesla IR Martin Viecha for two large group meetings in NYC.'
'Lache said while event Tesla bulls have been shaken by the sheer volume of recent noise in the system,
"it was good to look management in the eye and hear that Tesla is selling every car they can produce."'
'Over the short term, the analyst said
the lower pricing has stimulated US demand and Europe / China deliveries are brisk. Over the long-term, he said demand sustainability "isn’t an issue" given Tesla's many advantages have led to vehicles now priced below comparable ICE competition and $20k+ below EV competition.'
another source:
'production "smooth"'
The 'smooth' wording to characterize production was probably from the Wolfe Research report.
Pretty reassuring and in line with the following data: Carsonight battery pack numbers and Alpha Hat January deliveries estimate.
VIN registrations are still an outlier, and of course a proper end of quarter delivery push in Europe might or might not work out as
@schonelucht cautions. Every 1,000 Model 3's narrowly not shipped will reduce revenue by ~$60m and cash flow by ~$15m. 10,000 cars not shipped will hurt: -$600m and -$150m, plus various one time expenses.