[ad_1]
Despite all the drama surrounding the fight between Elon Musk and the SEC, and despite Tesla's early problems in increasing production of Model 3, the company has slowly but steadily improved the production of its entire range of vehicles. In the last quarter of September, for example, Tesla reported manufacturing 80,142 vehicles and delivering 83,500 vehicles to its customers. Regarding the rapid growth of Tesla, the company explained earlier this month: "We delivered more than 80% of the vehicles we delivered in 2017 and about twice as many models 3 as all previous quarters combined. . "
Demand has never been a big issue for Tesla, and now it seems that the electric carmaker is finally able to control its offer. In fact, a new report from Atherton Research indicates that Tesla over the past quarter outperformed Mercedes-Benz in the US for the first time in its history. What's more, the report adds that Tesla was only 2,000 more vehicles than BMW.
So what's the takeaway of all this? Well, to begin with, this suggests that Tesla could actually make a profit by 2019, as Elon Musk had promised a few months ago. While there is no secret that Tesla spent money very quickly, an increase in production coupled with steady demand for all Tesla vehicles suggests that Tesla may finally be about to take a turning point in terms of profitability.
Manyard Um, an analyst at Macquarie Research, recently published a research note (via CNBC) and said that Tesla still has a lot of growth room.
"We see Tesla as a technology-driven company with differentiated products and a strong brand presence in the continuously growing and equally disruptive markets of electric vehicles, energy storage and power generation." Um explained.
"Tesla seems on track for production targets and should be able to achieve profitability in the second half of this year," Um added.
Tesla's shares have fallen sharply in recent weeks due to Musk's battle with the SEC, but it will be interesting to see if the stock will rebound if Tesla actually makes a profit before the end of the year.
Image Source: Ena / AP / REX / Shutterstock
Source link
