Analyst Trip Chowdhry notes that Tesla is running 20% above capacity, and second quarter is shaping to be a Monstrous Quarter.
As part of his routine monthly checks on Tesla’s Fremont Factory, Global Equities Research Analyst Trip Chowdhry noted that the said factory in Northern California is running as much as 20% above capacity.
The analyst noted that “May 2022 is off to an extremely strong Production, Shipments and Deliveries.” He added that “Fremont Factory is running 10% to 20% above capacity” and comments that “Q2 is shaping to be a Monstrous Quarter.”
He also highlights the factory photographs that show “a lot more Shipping Trucks in 2Q’2022 vs 1Q’2022” and estimates that “TSLA has increased the number of Shipping Trucks by at least 20%.”
In the recent quarter, Tesla has shown strong results in its production and revenue, with a revenue growth of 18% year-over-year to $18.8 billion. Tesla produced a total of 305,407 vehicles and delivered 310,048 units.
The analyst also comments on how Tesla shares have dropped through the past week as Elon Musk has sold shares to fund his acquisition of Twitter. Musk will also use Tesla shares as collateral for a loan to finance the said transaction.
