Tesla is on the road for 1.5M deliveries this year - Piper Sandler
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Piper Sandler is constructive on Tesla (TSLA
+1.0%) on the expectation that the new factories in Texas and Germany will help the automaker meet strong global demand.
The firm thinks the momentum that Tesla (NASDAQ:TSLA) showed with its Q4 deliveries report will extend right into 2022 and now forecasts 1.53M deliveries for the year vs. a prior expectation for 1.38M. Tesla delivered 936,172 electric vehicles in 2021.

"We're also nudging our 2022 margin expectations higher, because with strong volume and a rising contribution from software, we suspect Tesla will continue exceeding profitability expectations," updates analyst Alexander Potter.
Potter and team are confident that Teslaâs market share is limited only by the companyâs own production capacity even as more competing EVs come to the market.
Piper Sandler has an Overweight rating on TSLA and a price target of $1,300.
The Seeking Alpha Quant Rating on Tesla (TSLA) is Neutral, but the stock ranks 5th out of the 27 auto stocks with a rating.