A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China.
Gao Yuwen | Visual China Group | Getty Images
Tesla’s strong first quarter delivery numbers could portend a strong year for the company and push its stock nearly 15% higher, Mizuho Securities said in a note to clients on Tuesday.
The automaker said earlier this month that it delivered 184,800 vehicles in the first quarter, topping industry estimates and setting a new record for the company. Mizuho, which has a buy rating on Tesla, said in a note that more better-than-expected delivery numbers could follow this year.