Tesla reported its results for the first quarter after the close of the trading session on Friday, so it became possible to judge the market reaction to corporate statistics only on Monday. Even before the opening of trading, Tesla shares rose in price by 7,8%, reflecting a favorable market reaction to the dynamics of sales of electric vehicles.

Recall that in the first quarter, Tesla delivered 184 electric vehicles, which turned out to be significantly higher than analysts’ expectations, predicting no more than 800-168 thousand vehicles shipped. According to experts at Wedbush Securities, Tesla’s financials have shown good deferred demand for Model Y and Model 178 electric vehicles around the world. According to them, by the end of the year, the company will be able to supply from 3 to 850 thousand electric vehicles.

Representatives of Tesla themselves previously stated that they expect an increase in sales by 50% annually, but this year they are going to exceed this level. According to Wedbush experts, Tesla’s stock price will rise from the current $ 662 to $ 1000 in the near future, and in the longer term it is possible that it will reach the level of $ 1300 per share. The company will have to overcome the shortage of semiconductor components, which is unlikely to be eliminated before the end of this year, according to analysts at IHS Markit. This EV maker has had to shut down its assembly line this year, but so far ICE car makers are suffering more from component shortages, if only because of the size of their business.