Are Wall Street analysts the best at predicting Tesla’s performance?

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When I see Wall Street analysts trying to predict Tesla’s performance, I often chuckle. Oftentimes, I feel as if I have exclusive courtside seats — especially as Tesla’s quarter ends.

As the leading aftermarket accessories company in the Tesla space, I closely observe how Tesla is performing and pick up on trends long before talking heads on TV. I simply watch our order flow here at EVANNEX as it can provide some parallels that may foreshadow Tesla’s deliveries.

Liz Claman at Fox Business News recently contacted me to be a guest on The Claman Countdown to provide some unique insights on Tesla. To this day, I feel like Liz got the all-time greatest quote of any reporter when, years ago, Elon Musk told her that short sellers were in for a “tsunami of hurt” as Tesla was poised for massive growth. We all know how that turned out!

So what am I seeing? Well, we’re seeing international deliveries really pick up. Especially in Europe and Asia, those markets are growing like crazy. This could be due to the immense growth at Tesla’s Shanghai Gigafactory (which also ships to Europe). Tesla is going global and we’re seeing that reflected in our own company’s international orders.

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In the US, we’re seeing a “spike” in orders from Texas — this could be because of Tesla’s new Austin Gigafactory and its impact in the state of Texas. In fact, the top three states we’re seeing growth from are Texas, California, and Florida. Across the board, Tesla CFO Zachary Kirkhorn said there’s a “profound awakening” in the electric car space and I tend to agree.

The same is happening in Germany — an increase in orders could be due to the company’s impact in Germany via its soon-to-launch Berlin Gigafactory. It was recently reported that the Tesla Model 3 is outselling the equivalent premium sedans from BMW, Mercedes, and Audi — in Germany! 

Talking with our customers, we’re also seeing the typical “one Tesla family” now becoming a “two Tesla family” — especially with the influx of new Model Y orders. Across the board, we’re seeing Model Y grow at unprecedented rates. We’ve never seen anything like it. To check out more of my insights, view the interview with Liz Claman of Fox Business News below.

Tesla Accessories by EVANNEX.
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Feature photo: Courtesy of Tesla, Inc.

Video: Matt Pressman from EVANNEX on Fox Business talking about the future of Tesla.

3 COMMENTS

  1. Reminds when I first sold microcomputers and were told it was not something that would last, but could see the machines going out of our store faster that we could order and stock them. And then in the following year everyone wanted a home computer for their kids to do better in school. Of-course the parents did not realize their kids were telling that but they really wanted them to play games.

    Did not matter, I could see the sales before any news or TV reports came out.

      • Yes, I would not be surprise they are asking dealerships about future EV sales instead of asking the people who will be doing the future buying.

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