2019 will probably be a essential yr for Tesla — this is what to anticipate from the automaker (TSLA)
- Tesla endured a wild and loopy 2018.
- The approaching yr provides quite a few milestones that can decide whether or not Tesla thrives or struggles.
- I’ve damaged them down, month-by-month.
If 2018 was the wildest and craziest yr in Tesla’s 15-year historical past, then 2019 is shaping as much as be its most crucial yr.
CEO Elon Musk’s all-electric automaker will enter 2019 having produced and bought extra automobiles than ever and the corporate might be nicely on its strategy to a half-million in automobiles delivered by the top of the yr. Which may sound superior — however Tesla has historically struggled mightily with the building-cars facet of the automotive enterprise.
Musk may also be dealing with potential twin headwinds in 2019: an financial slowdown within the US; and the primary levels of the 2020 nationwide election. If the US auto market slips right into a downturn, then Tesla will not be spared some ache.
There’s excellent news on the horizon, nonetheless, as Tesla prepares to unveil its Mannequin Y crossover SUV, together with another new automobiles, together with a rumored pickup truck.
This is a month-by-month stay up for Tesla’s huge occasions and information for 2019:
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JANUARY: Tesla studies fourth-quarter and full-year car supply numbers.
The corporate expects the Mannequin three so as to add considerably to its 2018 supply totals. 2017 noticed 100,000 automobiles delivered, and 2018 may greater than double that complete.
FEBRUARY: Tesla studies fourth-quarter and full yr earnings.
After a worthwhile third-quarter in 2018, Tesla may put up its first six-month interval within the black EVER.
Whatever the backside line, Tesla’s topline income ought to proceed to surge. For the complete yr of 2019, the corporate may usher in near $30 billion.
MARCH: Tesla may reveal the Mannequin Y crossover SUV — and repay convertible bonds.
Tesla has a market mismatch within the US with its Mannequin three, a sedan in an SUV world. The Mannequin Y will repair that.
The corporate has additionally stated it should repay $920 million in convertible debt, due in September, with a mixture of inventory and money. However shares have to be buying and selling at round $360 per share for the inventory deal to be interesting to bondholders.
See the remainder of the story at Enterprise Insider