While most Tesla Inc. Stock analysts are super focused on Tesla car deliveries, and bearish analysts are likely expecting Tesla 2020 first quarter earnings to miss, Tesla CEO Elon Musk is taking the Solar side of the business to another higher level.
Tesla CEO Elon Musk has been tweeting almost daily about Tesla Solarglass Roof. Tesla is ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk, who, in a series of tweets, provided the first substantial update since the company launched the third iteration of its product in October.
According to Musk, Tesla is presently working on many Bay Area installations and expansion into Europe and China is Tesla’ top priority at the moment.
Tesla will be announcing more about Solar tile roof expansion into China and Europe very soon, according to CEO Elon Musk.
I think Tesla analysts are in for a wild ride come Q1 report. Most analysts are focused on the Q1 car deliveries number.
One analyst from RBC Capital with a price target of $530, Joseph Spak, says:
“The point of this exercise is really to show how much is currently embedded in the current stock price, and how much higher the assumptions would need to be in order to justify adding at these levels, on a fundamental basis. If you believe these are achievable, you should consider the stock”.
While another analyst from Barclays, Brian Johnson, recently raised the price target on Tesla to $300.00 (from $200.00) while maintaining a Underweight rating without any further explanation for his targets.
Tesla CEO Elon Musk last year said the company would begin installations in the “coming weeks” and that it hopes to ramp production to as many as 1,000 new roofs per week. He also once said: “version three is finally ready for the big time.”.