Tesla (TSLA) Poised to Meet its FY15 Delivery Guidance

Shares of Tesla Motors (TSLA) are higher by nearly 1% in late trading on Monday following a recent article by Electrek’s Fred Lambert, noting that based on the latest data coming from California and Denmark, as well as new information about the Model X and demonstration vehicles, it looks like the electric car manufacturer will meet at least the lower-end of its ambitious delivery guidance goal of 17,000 to 19,000 cars in the last 3 months of FY15 for a total of 50,000 to 52,000 units.

Achieving the lower-end of the guidance would mean a 46% quarter to quarter increase for the $30.46 billion market cap company and a 73% increase on a year-over-year basis.

Tesla CEO Elon Musk expressed strong confidence regarding the odds of the Palo Alto, California-base electric car maker meeting fiscal year 2015 delivery guidance during the company’s last earnings report.

On trading measures, after rising to a $235.83 intraday high TSLA shares recently traded at $232.63, putting them on track to extend their 2015 gain of 4.54%.

The stock has a 52-week range of $181.40 to $286.65. TSLA is up 5.59% year-over-year, compared with a 3.51% loss in the S&P 500.

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