Wednesday, 21 October 2020

Can Tesla hit 2020 delivery goal? Investors watch for Musk steer

By Tina Bellon and Akanksha Rana
(Reuters) - When Tesla Inc <TSLA.O> reports results for the third quarter after the bell on Wednesday, it will be the next three months, and whether Chief Executive Elon Musk can achieve the company's ambitious year-end goal, that analysts will be interested in.
The electric carmaker has stuck to its forecast of delivering half a million vehicles in 2020 despite a global pandemic and economic upheaval that has sunk most of its internal combustion rivals deep into the red.
That means Tesla must deliver more than 181,600 vehicles in the last three months of the year - a 30% increase from record third quarter deliveries of 139,300 vehicles.
While several analysts believe that goal is attainable, others see a worsening macroeconomic environment ahead.
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