Part 5/10:
Some retail investors are frustrated with Wall Street analysis that emphasizes Tesla’s delivery figures rather than production metrics. The critique is understandable: while deliveries reflect short-term performance, production indicates Tesla’s capacity expansion and demand sustainability over the long run.
Black argues that Wall Street’s focus on deliveries makes sense because it directly influences profit, but he emphasizes that Tesla’s core demand, particularly in regions like China and Europe, remains strong. Tesla will sell every vehicle it produces, especially if full self-driving comes to fruition, potentially millions annually rather than just a few million.