An analyst told CNBC on Tuesday that the Tesla’s monotonous second-quarter sales may fuel some bearish arguments about its uniqueness, but the electric carmaker still has a clear advantage over its competitors.
Senior analyst at the Customer Edge Research named James Albertine told CNBC that, “Squawk Box” that over the next six months, Tesla has the potential to reap big rewards as the first of the highly anticipated Model 3 sedans begin to roll out.”
He further explains that the Tesla’s future demand is the solid one, while the other manufacturers were facing more uncertainties over who will buying their vehicles in the near future. The auto sales fell 3 percent last month despite low unemployment, lower gas prices and higher consumer confidence.
He added that “We’re more optimistic. We think Model, when you think about it, 400, 000-plus standing orders for vehicles, and manufacturers all across the country (are) wondering who’s in line for their vehicles, Tesla with the clear advantage, in our view.”
The reports of the last year said Tesla received 400, 000 pre-orders for Model 3, and the very first unit for delivery was set to be built later this week. And at the end of the July, it will be delivered with 29 others. According to the Tesla’s website, the vehicle is selling for $35, 000 and it suggests a potential future sales value of about $14 billion.
The Albertine said that there could still some risk associated with the car-maker and its ability to meet deliveries, including those of the Model 3. He said “One of the interesting omissions from this most recent quarterly delivery count (is that) they typically tell us what vehicle was in transit. Instead, this time they talked about vehicles they were using for their loaner fleets and to sort of get out there to advertise the higher-end Model Xs.”
The first Model 3 delivery was set to begin production later in the week. And the high demand for the Tesla’s Model 3 could see the electric car-maker reap benefits very quickly said by the senior analyst James Albertine. Tesla is better us than their peers.
He added that “53 percent year-over-year growth is pretty good, so they’re holding up better than the average automaker right now, but certainly, they’re going to have to continue this run rate and I think there’re some risks to that.”