Ark Invest Analyst Sam Korus said on Monday global battery electric vehicle (BEV) sales will grow at an annual rate of 53% over the next five years. This annual rate indicates a total of 40 million BEV sales in 2026 — from 4.8 million units sold last year. Ark research Analyst based his forecast on Wright’s Law in order to forecast percentage cost declines and other metrics, especially in the electric vehicle sector.
Earlier this month, Cathie Wood-led Ark Investment raised its exposure in the U.S.-listed Chinese electric vehicle maker Xpeng. Ark Invest bought 14,859 shares — estimated to be worth $633,439 based on the day’s closing price — in Xpeng, marking the money managing firm’s first buy into any electric vehicle stock in 2022.
Korus in November said he expects a major adoption cycle for electric vehicles would kick in over the next few years when prices drop to $25,000 levels. Just last year, BEV sales jumped a record 112% to 2.3 million units — citing data from EV Data Center.
This mornin, Ratings Agency, Moody’s, upgraded Tesla Inc’s debt rating by two notches to Ba1 from Ba3 on Monday maintaining its expectations that the company will keep its position as the leading battery EV manufacturer.
Moody’s affirmed in a note that Tesla’s outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably. A more competitive offering of battery electric vehicles by other automakers could start to exert some pressure on the company’s margins in 2023. – Moody’s added.
Moody’s expect that Tesla will deliver nearly 1.4 million vehicles in 2022, up from about 936,000 in 2021.
On December 28th, Wedbush estimates the ease of components shortage during the next year which would ramp EV deliveries. The Wedbush Analyst, Daniel Ives, also say that it would drive Tesla to have the capacity to produce about 2 million cars annually by the year end.