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特斯拉财报前景:回归基本面,电动未来如何掌舵?

tesla financial report outlook: returning to fundamentals, how will electric future be navigated?

Golden10 Data ·  16:39

Tesla is about to release its third-quarter financial report, with the market refocusing on its demand outlook and profit stability.

$Tesla (TSLA.US)$ When post-market trading released its third-quarter financial report on Wednesday, for Wall Street, the result may be a return to fundamentals, as some investors were disappointed with a highly hyped but perceived as lacking in detail robot event this month.

Tesla's stocks have fallen about 11% year to date. Despite this event taking place at a cinematic urban setting in Burbank, California, showcasing the first Cybercab robot taxi prototype from Tesla, and promoting a more relaxed, autonomous future of transportation to the public, Tesla still faces common issues - sales and profit growth, slowing demand, competition from emerging electric vehicle manufacturers in China, and Elon Musk's ability to deliver on promises.

As mentioned last week on MarketWatch, Barclays analysts stated, "At least for now, the focus on Tesla is back on fundamentals." These fundamentals include Tesla's demand outlook and signs of stable profits.

"However, given our expectations of an above-expectation third quarter and a reminder of short-term stability expectations, we believe the results of the third quarter could serve as a short-term positive catalyst," the analyst said, adding, "profit margins have bottomed out."

However, concerns about demand persist. Last week, The Wall Street Journal reported that Musk chose a confidante to oversee Tesla's operations in North America and Europe. Despite the company advancing its self-driving technology, the technology is under regulatory scrutiny after reports of collisions in conditions such as fog, glare, and dust. In one incident, the National Highway Traffic Safety Administration stated that a vehicle "fatally struck a pedestrian," with injuries reported in another incident.

The event held in Burbank was called "We, Robot," and also introduced a large vehicle named Robovan and an updated version of the Optimus humanoid robot. He mentioned that the robot taxi has no steering wheel or pedals and is expected to be priced below $30,000.

He also stated that fully autonomous, unsupervised self-driving technology is expected to be rolled out in Texas and California next year, with the Model 3 and Model Y models, and the company expects to produce Cybercabs by "before 2027."

But before that, he noticed: "I often tend to be too optimistic about the timeframe."

Bernstein analyst Tony Sacconaghi described the event as "disappointing, shockingly lacking in detail". William Blair's Jed Dorsheimer said there was "almost nothing that would have immediate pressures on the shorts" in the presentation. Morgan Stanley's Adam Jonas also questioned how much of a threat Tesla's ambitions pose to Uber and Google's Waymo.

However, analysts at Bank of America stated that the event overall met expectations and said, "Now may be a good time to raise low-cost capital."

"[Tesla] is investing in robotics taxis, robots (especially Optimus), and artificial intelligence, which may require a significant amount of capital," they stated. "Given this, and headwinds facing Tesla in its core electric car business, we would not be surprised if [Tesla] raised funds, which historically it can achieve at extremely low cost compared to peers."

Editor/Somer

The translation is provided by third-party software.


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