As October 2nd approaches, analysts are adjusting their expectations for the company's delivery volume. $Tesla (TSLA.US)$ As the third quarter delivery report date approaches, analysts are adjusting their expectations for the company's delivery volume.
Canaccord analyst has lowered the previous forecast of 0.48 million car deliveries to 0.4692 million cars. Meanwhile, Guggenheim predicts that Tesla will deliver 0.456 million cars in the third quarter. Currently, analysts generally expect deliveries of 0.459 million cars in the third quarter. By comparison, Tesla delivered 443,956 cars in the second quarter and 435,059 cars in the same period last year.
Some Wall Street banks have also lowered their expectations for Tesla's third-quarter earnings per share to accommodate more aggressive pricing in certain markets.
In China, Tesla's sales momentum has rebounded, but the measure the company has taken is the policy of zero-interest loans. Analysts' general expectation for third-quarter earnings per share has been lowered to $0.61. It is worth noting that Tesla's earnings per share have not met market expectations in five of the past six quarters and in the past four quarters.
Overall, Tesla's automotive gross margin has been declining in the past twelve quarters due to factors such as intensified competition in the electric vehicle market, price cuts by Tesla to maintain demand, increased spending on AI projects and new technologies, as well as overall economic conditions affecting the automotive industry and supply chain.
However, there are still many analysts who are bullish on Tesla's future. KM Capital recently gave Tesla a 'strong buy' rating. KM Capital wrote, 'Dojo supercomputer and enhanced full self-driving capability (FSD) will unlock new revenue sources, reduce reliance on the currency cycle, and open up the Robotaxi market.'
Morgan Stanley analyst Adam Jonas said he is eagerly anticipating a turnaround in the global electric vehicle profit margin, but he believes that Tesla's continued demonstration of its business cost control capabilities is causing investors to become aware of the increasing "surface area" between its business model and the theme of artificial intelligence, which is important.
Morgan Stanley stated that from Tesla's plans to launch Robotaxi at Warner Bros. Studios in Hollywood explored by the WBTV channel, the bank is bullish on the long-term potential of autonomous driving cars to transform the ground transportation network, but urges clients to maintain good expectations in the short term. Regarding the disclosure of this event, Morgan Stanley said investors can expect demonstrations of the latest generation of FSD and fully automatic "network taxis" on closed/half-closed roads.
As for the lunar landing plan, Jonas joked that Tesla could introduce the concept of electric planes, a vision for electric boats, or showcase Optimus robots frying burgers at Tesla restaurants.
Editor/Lambor