Tesla CEO Elon Musk has been growing increasingly confident about the automaker proving its detractors wrong lately.
In an internal email to employees, the CEO says that people predicting disappointing Model 3 deliveries are going to have a ‘rude awakening’.
Last month, Musk bought $10 million worth of Tesla stock (TSLA) just as he predicted a short squeeze that would be a ‘next level short burn of the century’.
A few weeks ago, he upped the ante by putting a timeline on it.
Musk said that Tesla shorts have ‘about 3 weeks before their position explodes’.
It seems that the market doesn’t believe that Tesla will achieve its goal of producing 5,000 units per week by the end of the quarter.
Goldman Sachs analyst David Tamberrino issued a note to clients saying that he expects Tesla to deliver about 22,000 Model 3 vehicles during the second quarter.
In an internal email, Musk shared a CNBC article about Tamberrino’s prediction and told employees that Tesla bears are in for “a rude awakening.”
Of course, Musk already has a fairly good idea of the total Model 3 deliveries for the quarter, which ends Saturday.
Tesla is expected to release the official numbers next week.
Deliveries are one thing. Like I previously stated, I think Tesla could deliver over 25,000 Model 3 vehicles during the second quarter.
The production rate when exiting the quarter I think is way more important.
With 5,000 units per week goal getting very close, along with evidence that Tesla can sustain it, I think is going to be a game changer.
Let’s be clear, most of Tesla’s detractor never believed that the automaker would get to over 3,500 units per week.
Therefore, Tesla already proved them wrong on many levels, but they are still hanging that missed target over their heads.
It would be nice for Tesla to get past that and then start working through its massive backlog of orders more quickly.
Right now, I think everything points in the right direction. We recently learned that Tesla likely fixed the Gigafactory bottleneck. The automaker sent out a massive wave of invitations to configure this week and Musk has shown an unprecedented level of confidence in the ramp up over the past few weeks.
I think the production and delivery results next week are going to be quite interesting and they are going to have a lot of people talking.
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