Pacific Crest

Analyst Brad Erickson from Pacific Crest issued a new note to clients today following a visit of the Tesla Fremont Factory. The analyst noted that Tesla appears to be on track to exit the second quarter at the a production rate of 2,000 cars per week (Model S and X combined) and it is tracking toward its annual delivery target of 80,000 to 90,000 vehicles.

While Erickson appears confident that the automaker can achieve its short-term delivery goals, he is more cautious about Tesla’s new plan for 500,000 vehicles in 2018.
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