The rEVolution is occurring...
The rise and projected future climb in electric vehicle demand is something we highlighted in a MegaTrends report back in December.
Due to rising gas prices and the infrastructure bill, individuals are becoming ever more incentivized to switch to electric vehicles.
And as we approach the end of Q1, demand for EVs has continued its ramp higher.
That is quite the move...
Consumer mentions of purchasing an electric vehicle are trending +67% QoQ and an enormous +240% YoY.
As we said, it's a rEVolution.
But will Tesla’s deliveries follow the EV Demand trend?
The electric vehicle leader delivered over 936,000 vehicles in 2021.
Meanwhile, RBC Capital analyst Joseph Spak recently told investors in a note that Tesla will likely release its output numbers on Saturday, April 2nd, and based on his checks, he sees deliveries rising +76% YoY in Q1, up +5% sequentially.
The potential rise in deliveries is something LikeFolio’s metrics echo...
According to our data from Q1, Tesla's Consumer Demand is on course to close at +15% QoQ and +2% YoY.
What's more, the Overall Mentions of Tesla have also risen during the quarter.
They are on track to close the quarter at +12% QoQ and +30% YoY — another positive for the company's Q1...