Source: Sina Finance
in$Tesla (TSLA.US)$After releasing disappointing third-quarter results last week, the company's stock price fell for several days in a row, causing CEO Musk's worth to shrink by nearly $30 billion.
However, “Sister Wood” Kathy Wood's Ark Investment Management Company reiterated its optimistic outlook on the company in a report this week.
Musk said in an earnings conference call that it may be difficult to increase Cybertruck's production, which is one of the reasons investors are deterred. But Tasha Keeney (Tasha Keeney), head of investment analysis and institutional strategy at Ark, doesn't think this is important.
In the company's weekly “Ark Disruption” innovation newsletter, the analyst said that Tesla had a difficult experience in improving its products. She pointed out that the Model X was “notoriously overdesigned,” and that the Model 3's rise in production was simply “production hell.”
Investors were caught off guard, Gini said, because although the company initially promised a simple, cost-effective design, Cybertruck clearly faced manufacturing complexity. She added, “Since the components are different from any other Tesla model, its cost may exceed expectations in the short term.”
Ginny also pointed out that Musk expressed concern during the conference call that the rapid rise in interest rates over the past 18 months has damaged consumers' purchasing power for bulky goods.
She pointed out that over 60 days of auto loan arrears had reached a level equivalent to the high of the 2008/2009 recession.
It's worth noting, however, that some people think Musk may have exaggerated the macroeconomic card. For example, Gary Black (Gary Black) of Future Fund (Future Fund) pointed out that due to falling prices, Tesla's monthly electric vehicle supply is currently lower than it was 12 to 18 months ago.
Despite current “growing problems,” Ginny reiterated Ark's belief that Tesla is still “many years ahead” in producing low-cost, high-performance electric vehicles. She emphasized that Tesla has developed one of the most powerful supercomputers in the world, combined with its huge real-world driving data advantage, which puts the company in a leading position in autonomous e-mobility.
Despite a series of recent holdings cuts, Tesla is still Ark's largest heavyweight stock, and the company's three ETFs currently hold a total of about $730 million worth of Tesla shares.
editor/tolk