Tesla’s Q1 2020 production and delivery estimates: What Wall St is expecting

Tesla (NASDAQ: TSLA) is preparing to release its delivery amounts for its first quarter of 2020 after this week. Analysts recorded by FactSet have solidified their estimates about how many vehicles the firm has delivered throughout the initial few months of this year.

Rob Maurer of the Tesla Daily Podcast clarified the various predictions Wall Street analysts, financial books, and many others hold for Tesla’s first quarter. Noting the expected drop in numbers compared to the fourth quarter of 2019 due to this COVID-19 pandemic, several sources have recorded their projected delivery statistics to be above the 75,000 to 80,000 scope that Credit Suisse published yesterday. Credit Suisse’s revised estimates came with an more than 5 percent spike in TSLA stock on Tuesday’s trading.

FactSet has indicated that Wall Street expects Tesla to record deliveries of 91,694 automobiles for Q1 2020. This figure would demonstrate an 18% fall in deliveries following the vehicles that Tesla delivered at the fourth quarter of 2019. However, year-over-year growth would nevertheless indicate a significant 46% rise in deliveries despite the final of both the Fremont factory on March 24 and Giga Shanghai earlier this season.

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FactSet’s estimates for Tesla’s Q1 2020 effects are:

91,964 Deliveries$6.19B Revenue$0.08 Non-GAAP EPS-$0.089 GAAP EPS-$478M Free Cash Flow

These are the numbers for Tesla’s Q4 2019:

112,000 Deliveries$6.368B Revenue$2.14 Non-GAAP EPS$0.58 GAAP EPS$$1.013B Free Cash Flow

Maurer notes FactSet’s estimates may not include updated analyst expectations that are adjusted for the possible effects of the coronavirus pandemic. This event has slowed Tesla’s delivery speed and effected every automaker on the planet for the last month. Adam Jonas of Morgan Stanley, for one, has said that lots of analysts have vocally told him they expect Tesla’s Q1 deliveries to be around 80,000, based on NASDAQ.

As for the Tesla Daily Podcast host, he noticed that the effects of the C-19 pandemic could be felt in the second quarter. “I think the hit is going to come in Q2. I think people taking delivery in Q1 already had financing. They had this choice made for a while. Tesla is not able to sell because many vehicles from inventory however I don’t think that is going to be a strike.

The coronavirus was felt by every automaker across the planet, and Tesla is no exception. Interestingly enough, Tesla is predicted to hold a quarter that was remarkable despite the reduction of production in China and the United States due to this virus. Part of this may be due to this company’s initiatives for example “contactless deliveries” along with other safety measures that ensure customers are not put into harm’s way when taking delivery of their new cars.

Tesla’s delivery figures are expected to be released.

Watch the Tesla Daily Podcast‘s breakdown of Wall Street’s estimates for Tesla’s Q1 2020 delivery and production amounts below.

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

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