Over the last year, Tesla (TSLA) has been on a fast ride. Its stock has soared more than 400% in 2020, and its delivery schedule has beaten the estimates of Wall Street. But some analysts are concerned that the electric carmaker may be running out of road.
In Q3 2020, Tesla delivered 139,300 vehicles, up from analyst expectations of 136,350, CNBC reported. While Tesla is on course to hit its goal of 500,000 vehicle deliveries for the year, some are wondering if demand for the electric cars will continue.
Joseph Spak, an analyst at RBC Capital, told Market Watch, “We do believe there could be some supply constraint, but bears may also point to some potential demand concerns. Some of the early data we’ve seen in Europe suggests sales may be softer than we expected, and we continue to believe Model 3 sales in the U.S. are down y/y [but