Tesla rallies as spotlight turns to 500K deliveries target

Tesla (TSLA +3.3%) is higher on a day along with other names in the EV sector.

The latest from the CEO Elon Musk includes a warning in a Twitter post that the company faces “significant” production risk in Berlin as it tries out new technology.

“Berlin will use 4680 cell with structural battery pack & front & rear single piece castings. Also, a new paint system,” he wrote. The plan is to transition the tech to Fremont and Shanghai when any issues are worked through.

Separately, a leaked email from Musk to employees is said to state that it “would be exciting if we can exceed” half a million Tesla vehicle deliveries this year. Of course, 500K is the stated target from before the pandemic.

Last week, Wedbush Securities analyst Dan Ives said Tesla is in prime position to “hit the area code” of 500K units for the year, which he noted six months ago was not even on the map for the bulls.

The debate on Tesla on Seeking Alpha includes four new articles this week.

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