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Three reasons Tesla will continue to go higher in ’22, according to one of its biggest bulls

Published

4 years ago

December 28, 2021

Joey Klender

Tesla will close out 2021 with record figures for its production and deliveries, continuing a streak that has dated back to 2012. However, 2021 is likely to be eclipsed by 2022, according to Wedbush analyst Dan Ives, who gave three reasons why Tesla (NASDAQ: TSLA) will continue to move upward, making the new year its biggest to date.

Ives, who has been one of Tesla’s most notable bulls on the Street throughout the past couple of years, believes Tesla’s performance in 2021 showed a robust determination to navigate parts and chip shortages, vowing not to let the bottlenecks, which may cause some large automakers to report negative figures compared to last year, affect its production figures in the same fashion. Tesla routinely updated investors and enthusiasts on its ability to deter itself from chip shortages regularly, including a groundbreaking announcement during the Q2 2021 Earnings Call, where the automaker had designed, developed, and validated a series of 19 variants of controllers. This effort from Tesla engineers helped the automaker avoid and mitigate large-scale disruptions in its production and delivery process.

Tesla did this better than any other automaker, Ives said in a Tweet from Monday. The story of 2021 was likely based on this effort alone, which was monumental and could have caused serious problems for some companies, especially those without substantial cash on hand.

Looking forward to 2022, Ives sees Tesla’s impressive performance continuing, listing three main factors in the automaker’s quest to continue its meteoric rise up the ranks of global automotive companies. While Tesla leads every car company on Earth in valuation, the next goal in the company’s sights must be to increase its production and delivery numbers on an annual basis, inching closer to the one million vehicle annual run rate.

Giga Berlin and Giga Texas

Ives lists Tesla’s two new manufacturing facilities as the first point in the company’s quest for a monumental 2022. Gigafactory Berlin and Gigafactory Texas were set to open in 2021. However, delays due to the pandemic and other political issues in Germany have derailed the start of either of these facilities during this year, which is not necessarily a bad thing. Tesla will come out in 2022, firing on all cylinders. Two new production facilities will launch with massive implications for the company’s growth forecast, as they will both contribute to Tesla’s consistently growing run rate. With these two factories sufficiently ramped in 2022 by Q2 or Q3, if all goes according to plan, Tesla could come close to doubling its current output in 2021 for 2022.

: (Credit: Gail Alfar (Austin))

: Credit: Tesla

China “Mega-Growth”

China has proven to be one of Tesla’s most successful markets, and Ives believes the increasing run rates out of Gigafactory Shanghai will continue to surge more growth into the company. There is no doubt that Tesla has continued to be a substantial force in China, despite robust competition and a somewhat coordinated media attack on the company’s products. However, it has not stopped Tesla from performing exceptionally well in the sector. Tesla has delivered over 50,000 vehicles per month in China for the past two months. Some monthly figures, which are confirmed by the Chinese Passenger Car Association, are lower than others due to Tesla’s strategy to export vehicles from China to Europe, where Giga Berlin is waiting for approval to begin operation.

Tesla Giga Shanghai shows off its Model 3 production efficiency in recent video

Unit growth fueled by new facilities and increased demand

Ives is forecasting a unit growth of 55 or 60 percent for Tesla in 2022, which can mostly be attributed to the new factories in Texas and Berlin. This could perhaps be Tesla’s key, along with more efficient battery cells, to an even higher stock price and valuation. However, even more, Tesla’s increased production rates could put the company on par with some of the more large-scale car companies, especially if it can cross the one million vehicle production rate annually, which should be easy considering the projected output after ramping production lines at Berlin and Texas.

Ives reiterated his $1,400 price target and the “Outperform” rating he held on Tesla stock. Ives is ranked 22nd out of 7,756 analysts on TipRanks. He also holds a 76% success rate and an average return of 36.4%.

Disclosure: Joey Klender is a TSLA Shareholder.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

News

Tesla sends clear message to Waymo with latest Austin Robotaxi move

It is the first expansion Tesla has made in Austin since the one on August 26. The company still operates in the Bay Area of California as well, referring to that program specifically as a “ride-hailing service.”

Published

26 minutes ago

October 28, 2025

Joey Klender

Credit: Tesla

Tesla has sent a clear message to Waymo with its latest move to its Robotaxi program in Austin, Texas.

Tesla and Waymo are the two true leaders in autonomous ride-hailing to an extent. Tesla has what many believe is a lot of potential due to its prowess with the Supervised Full Self-Driving suite. It is also operating a driverless Robotaxi service in Austin with a “Safety Monitor” that sits in the passenger’s seat.

Tesla explains why Robotaxis now have safety monitors in the driver’s seat

The two companies have been competing heavily in the market since they both launched driverless ride-hailing services in Austin this year: Waymo’s in March and Tesla’s in June.

One of the main drivers in the competition between the two is service area size, or the geofence in which the cars will operate without a driver. In August, the two were tied with a service area of about 90 square miles (233.099 sq. km).

Tesla then expanded to about 170 square miles (440.298 sq. km) on August 26, dwarfing Waymo’s service area and expanding to freeways. Tesla’s freeway operation of the Robotaxi suite requires the Safety Monitor to be in the driver’s seat for safety reasons.

On Tuesday evening, Tesla made another move that sent a clear message to Waymo, as it expanded once again, this time to 243 square miles (629.367 sq. km).

This is according to Robotracker:

Here’s a comparison of Tesla’s geofence in Austin vs. Waymo’s
Tesla’s now spans 243 square miles, almost three times the size of Waymo’s at 89 square miles https://t.co/OCAHQDQhzb pic.twitter.com/wq5bHQXCp4
— TESLARATI (@Teslarati) October 29, 2025
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Yesterday, it expanded that service to the San Jose Mineta International Airport, something it has been working on for several months.

Waymo has its own set of distinct advantages over Tesla as well, as it operates in more cities and states than the EV maker. Waymo currently has its autonomous vehicle services in Phoenix, Arizona, San Francisco, Los Angeles, Austin, and Atlanta, Georgia.

Tesla plans to have half of the U.S. population with access to the Robotaxi platform by the end of the year.

News

Tesla exec reveals shock development with Cybercab

“If we have to have a steering wheel, it can have a steering wheel and pedals.”

Published

10 hours ago

October 28, 2025

Joey Klender

(Credit: Teslarati)

Tesla is planning to launch the Cybercab in the second quarter of next year, and it is designed to be fully autonomous, so much so that the company is planning to build it without a steering wheel or pedals.

However, a Tesla executive said today that the company could ditch that idea altogether in what would be a major shift from the plans the company, and especially its CEO Elon Musk, have announced for the Cybercab.

Earlier today, Robyn Denholm, the company’s Chair for the Board of Directors, revealed that Tesla would potentially switch up its plans for the Cybercab based on potential regulatory requirements.

Credit: Tesla Europe & Middle East | X

Currently, even autonomous vehicles that operate for companies like Tesla and Waymo are required to have steering wheels and pedals. From a regulatory perspective, this could halt the plans Tesla has for Cybercab.

Denholm said in an interview with Bloomberg:

“If we have to have a steering wheel, it can have a steering wheel and pedals.”

Interestingly, Musk and Tesla have not veered away from the idea that the vehicle will be without these operational must-haves.

Since the vehicle was revealed last October at the We, Robot event in Los Angeles, Tesla has maintained that the car would be built without a steering wheel or pedals, and would equip two seats, which is what is statistically most popular in ride-sharing, as the vast majority of rides have only one or two passengers.

Musk doubled down on the plans for Cybercab as recently as last week, when he said:

“That’s really a vehicle that’s optimized for full autonomy. It, in fact, does not have a steering wheel or pedals and is really an enduring optimization on minimizing cost per mile for fully considered cost per mile of operation. For our other vehicles, they still have a little bit of the horse carriage thing going on where, obviously, if you’ve got steering wheels and pedals and you’re designing a car that people might want to go very direct past acceleration and tight cornering, like high-performance cars, then you’re going to design a different car than one that is optimized for a comfortable ride and doesn’t expect to go past sort of 85 or 90 miles an hour.”

Cybercab is fully conceptualized as a vehicle that has zero need for pedals or a steering wheel because it is aimed toward being fully reliant on a Level 5 autonomous platform.

Tesla is ramping its hiring for Cybercab vehicle manufacturing roles

Regulators could get in the way of this, however, and although the car could drive itself and be a great solution for ride-hailing, it might need to have these controls to hit the road in the future.

News

SpaceX opens up free Starlink service for those impacted by Hurricane Melissa

Published

12 hours ago

October 28, 2025

Joey Klender

(Credit: Starlink | X)

SpaceX is opening up its internet service, Starlink, to those impacted by Hurricane Melissa, as it made landfall in Jamaica and the Bahamas as a Category 5 storm.

Hurricane Melissa is expected to reach wind speeds of over 165 MPH over the next few days as it extends out into the Atlantic Ocean by Thursday and Friday.

Satellite imagery shows Hurricane #Melissa‘s growth from its formation on October 21 to a Category 5 hurricane through October 27, 2025. #HurricaneMelissa pic.twitter.com/goR3Hbgb9c
— The Weather Network (@weathernetwork) October 27, 2025

Citizens in Jamaica and the Bahamas have been preparing for the storm for the past week, getting necessary goods together and preparing for the massive storm to arrive. It finally did yesterday, and the first images and video of the storm are showing that it could destroy many parts of both countries.

Starlink is now being opened up for free until the end of November for those impacted by the storm in Jamaica and the Bahamas, SpaceX announced today:

For those impacted by Hurricane Melissa in Jamaica and the Bahamas, Starlink service is now free through the end of November to help with response and recovery efforts → https://t.co/fUko3xSviJ
— Starlink (@Starlink) October 28, 2025

It is a move similar to the one the company made last year as Hurricane Helene made its way through the United States, destroying homes and property across the East Coast. SpaceX offered free service for those impacted by the destruction caused by the storm.

The free Starlink service was available until the end of 2024.

Elon Musk’s companies have also made similar moves to help out those who are impacted by natural disasters. Tesla has offered Free Supercharging in the past, most notably during the California wildfires.

Tesla and SpaceX’s LA fire relief efforts: Cybertrucks, free Starlink and more

One major advantage of Starlink is that it is available for use in situations like this one, where power might be required to operate things like a modem and router.

Internet access is a crucial part of survival in these situations, especially as it can be the last leg some stand on to get in touch with emergency services or loved ones.