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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Tesla : Shanghai to make 300,000 cars Jan-Sept despite chip shortage - sources

09/26/2021 | 12:38am EDT
A Tesla sign is seen at its factory in Shanghai

BEIJING (Reuters) - Tesla Inc's Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.

The factory makes the electric Model 3 sedans and Model Y sport-utility vehicles for domestic and international markets, including Germany and Japan.

Around 240,000 vehicles were shipped from the factory in the first eight months, including many for export, according to data from the China Passenger Car Association. Tesla has not announced details on the factory's production.

The sources requested anonymity, as they were not allowed to speak to media. Tesla did not immediately respond to a request for comment.

In August, an official in the area where Tesla's factory is located said it is expected to product 450,000 vehicles this year, including 66,100 for export.

Tesla is hiring managers for legal and external relations teams in China as it faces public scrutiny in the country over data security and customer service complaints.

(Reporting by Yilei Sun and Brenda Goh; Editing by Dan Grebler and William Mallard)


© Reuters 2021
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2021 50 875 M - -
Net income 2021 4 892 M - -
Net cash 2021 9 622 M - -
P/E ratio 2021 211x
Yield 2021 -
Capitalization 901 B 901 B -
EV / Sales 2021 17,5x
EV / Sales 2022 12,6x
Nbr of Employees 70 757
Free-Float 81,0%
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Technical analysis trends TESLA, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 909,68 $
Average target price 772,00 $
Spread / Average Target -15,1%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
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