World’s most valuable automaker Tesla will surpass 1.9 million electric vehicle sales this year, as per Counterpoint Research’s estimates.
Notably, the global technology market research firm is not the only one forecasting the Musk-led automaker to sell more than its original target.
Tesla to release its Q2 2023 on Wednesday
Tesmanian reported that Tesla’s shares were trading at $286.77 yesterday, well ahead of the company’s earning report.
Excitingly, the company is expected to publish its official financial results for Q2 2023 after market close on July 19.
Tesla will also hold a live Q&A webcast today at 4:20 om Central Time to present its financial and business results and outlook.
Industry analysts anticipate Tesla to report quarterly revenue growth. Refinitiv data consisting of 20 analysts’ average estimates suggests that Tesla may record year-on-year growth in revenue of 44.5% to $24.477 billion from just $16.93 billion in 2022. The American-British global provider of financial market data and infrastructure’s average forecast for the automaker is 82 cents per share.
See Also:
- Tesla sales grew by almost 300% in Germany
- Tesla Sales increased in China after price cuts
- US EV sales: Hyundai beats GM, Tesla sustains its lead
- Tesla China reports impressive insurance registrations, poised for strong June sales
- Tesla achieves more balanced monthly sales in Europe, caution urged to avoid misinterpretation
Tesla has been implementing an aggressive pricing strategy across its EV lineup globally since the start of 2023. In effect, the Model Y advanced as the top-selling vehicle worldwide.
That said, Counterpoint Research’s strong belief that Tesla would sell over 1.9 million EVs this year is unsurprising. Tesla itself estimated its delivery figures to hit around 1.8 million units this FY 2023. However, CEO Elon Musk aims to further raise this figure.
