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Dougherty & Company Analyst Says Tesla Registration Numbers From IHS Automotive 'Can't Be Used As A Proxy For Sales Trend'

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Speaking to Benzinga, Dougherty & Company Senior Research Analyst Andrea James said that statistics from IHS Automotive for Tesla Motors Inc (NASDAQ: TSLA) vehicle registrations doesn't represent a new direction in sales.

There were 2,391 new registrations for Tesla's Model S in October, according to IHS Automotive, which is an increase of 152 percent from the same time last year. But James doesn't think this is a big deal.

"If the numbers are accurate at all, it is just tied to shipment timing and really can't be used as a proxy for sales trend," James said.

Latest Ratings for TSLA

DateFirmActionFromTo
Feb 2022Daiwa CapitalUpgradesNeutralOutperform
Feb 2022Piper SandlerMaintainsOverweight
Jan 2022Credit SuisseUpgradesNeutralOutperform

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