After the Shanghai Municipal Government lifted all COVID-related lockdown restrictions, Mizuho analyst Vijay Rakesh restated a "Buy" rating and set a $1300 per share Tesla price target.

COVID-related restraints in the city of Shanghai impacted Tesla’s Q1 2022 production and delivery numbers. The lockdown also extended to the second quarter and, at last, ended earlier this month. That said, Giga Shanghai had started limited operations towards the end of April.

After touring the Tesla's Fremont factory extensively, Rakesh determined that the automaker will be able to produce 1.4 million vehicles this year, just short of Tesla’s estimated target of producing 1.5 million vehicles in 2022, (as reported by Investing.com).

If lockdowns and the global chip shortage hadn’t been factors, Tesla would’ve easily reached the target of producing 1 million vehicles in 2021 with just two functional factories (Fremont and Shanghai). However, as the second half of this year approaches, Tesla should be able to get Giga Shanghai back to its full-scale production speed.

Tesla has also added two more factories for its 2022 production ramp-up, Giga Texas and Giga Berlin. At both of these locations, Tesla is currently only producing Model Y mid-size compact electric SUVs. However, Tesla hasn’t much information about how many vehicles each of these factories are producing (per day or per week), perhaps this will be revealed on the Q2 2022 Earnings Call or the upcoming Annual Shareholder Meeting.

Source: Re-posted and Summarized from Iqtidar Ali at evannex.

My Take: Yes, Tesla stock is really cheap right now. Good time to jump in for sure.

Re Posted From: Mizuho analyst boosts Tesla price target to 1300 Dollars

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After the Shanghai Municipal Government lifted all COVID-related lockdown restrictions, Mizuho analyst Vijay Rakesh restated a "Buy" rating and set a $1300 per share Tesla price target.

COVID-related restraints in the city of Shanghai impacted Tesla’s Q1 2022 production and delivery numbers. The lockdown also extended to the second quarter and, at last, ended earlier this month. That said, Giga Shanghai had started limited operations towards the end of April.

After touring the Tesla's Fremont factory extensively, Rakesh determined that the automaker will be able to produce 1.4 million vehicles this year, just short of Tesla’s estimated target of producing 1.5 million vehicles in 2022, (as reported by Investing.com).

If lockdowns and the global chip shortage hadn’t been factors, Tesla would’ve easily reached the target of producing 1 million vehicles in 2021 with just two functional factories (Fremont and Shanghai). However, as the second half of this year approaches, Tesla should be able to get Giga Shanghai back to its full-scale production speed.

Tesla has also added two more factories for its 2022 production ramp-up, Giga Texas and Giga Berlin. At both of these locations, Tesla is currently only producing Model Y mid-size compact electric SUVs. However, Tesla hasn’t much information about how many vehicles each of these factories are producing (per day or per week), perhaps this will be revealed on the Q2 2022 Earnings Call or the upcoming Annual Shareholder Meeting.

Source: Re-posted and Summarized from Iqtidar Ali at evannex.

My Take: Yes, Tesla stock is really cheap right now. Good time to jump in for sure.

Re Posted From: Mizuho analyst boosts Tesla price target to 1300 Dollars

Auto Helpers