Tesla Remains A Top EV Stock Pick, Rivian Faces Roadblocks: Analyst
Tesla Remains A Top EV Stock Pick, Rivian Faces Roadblocks: Analyst
However, Tesla's valuation, geopolitical risks tied to its Shanghai operations, and potential delays in autonomy initiatives are points of caution. Baird analyst Ben Kallo is reassessing the electric vehicle landscape in light of geopolitical uncertainty and policy changes.
Baird分析師Ben Kallo正在重新評估電動車市場，考慮到地緣政治不確定性和政策變化。
Here are two EV players attempting to navigate the turns ahead in 2025.
以下是兩家電動車企業，它們正在努力應對2025年的挑戰。
Tesla
特斯拉
Tesla, Inc. (NASDAQ:TSLA) remains a top pick with Baird emphasizing its long-term potential despite near-term volatility. The stock, up nearly 91% since the election, has momentum, Kallo says:
特斯拉公司（納斯達克：TSLA）仍然是Baird的首選，儘管短期內波動，Baird強調其長期潛力。Kallo表示，該股票自選舉以來上漲近91%，正在形成趨勢：
- New Models: Upcoming vehicles, including the lower-cost 'Model 2' and Cybertruck, promise to drive volume growth.
- Cost Efficiencies: Falling production costs and increased factory utilization are expected to boost margins.
- Regulatory Tailwinds: While the removal of the EV tax credit is a negative for the sector, Tesla's competitors are likely to feel the pinch more.
- AI and Autonomy: Investments in full self-driving (FSD), Dojo compute, and the Optimus robot could redefine the EV market.
- 新車型：即將推出的車輛，包括低成本的'車型2'和Cybertruck，預計將推動成交量增長。
- 成本效率：生產成本下降和工廠利用率增加預計將提升利潤率。
- 監管順風：雖然電動車稅收抵免的取消對整個板塊是負面影響，但特斯拉的競爭對手可能受到更大沖擊。
- 人工智能與自主：在完全自動駕駛（FSD）、Dojo計算和Optimus機器人上的投資可能會重新定義電動車市場。
However, Tesla's valuation, geopolitical risks tied to its Shanghai operations, and potential delays in autonomy initiatives are points of caution.
然而，特斯拉的估值、與其上海業務相關的地緣政治風險以及自主駕駛計劃可能出現的延遲都是需要謹慎對待的方面。
Kallo suggests buying on pullbacks, underlining Tesla's strong position as a market leader.
Kallo建議在回調時買入，強調特斯拉作爲市場領導者的強大地位。
Read Also: What's Going On With Rivian (RIVN) Stock?
另請閱讀：Rivian (RIVN) 股票發生了什麼？
Rivian
Rivian
Rivian Automotive, Inc. (NASDAQ:RIVN) faces a tougher road ahead, earning a downgrade to Neutral.
Rivian Automotive, Inc. (納斯達克:RIVN) 面臨更加艱難的前路，評級被下調至中立。
This downgrade reflects a challenging near-term outlook. Despite a strong brand and promising long-term potential, Kallo highlights several hurdles:
這次下調反映了短期內的挑戰性前景。儘管品牌實力強大且長期潛力可觀，Kallo指出幾個障礙：
- Demand Concerns: EV sales may fall short of expectations in 2025, dampening momentum.
- Production Challenges: Limited ability to leverage fixed costs due to lower production volumes.
- Few Catalysts: With the Volkswagen joint venture finalized and DOE funding secured, Rivian lacks clear drivers for growth next year.
- 需求擔憂：到2025年，電動車銷量可能不及預期，影響市場動能。
- 生產挑戰：由於生產量較低，固定成本的利用能力有限。
- 催化劑稀少：隨着大衆汽車合資企業的最終確定和能源部資金的獲得，Rivian缺乏明年的明確增長動力。
While Kallo remains optimistic about Rivian's R2 lineup and its long-term opportunity. But skepticism around near-term profitability and margins led to the Neutral rating.
雖然Kallo對Rivian的R2系列及其長期機會持樂觀態度，但對短期盈利能力和利潤率的懷疑導致了中立評級。
The Big Picture
大局
As the EV market faces headwinds from policy uncertainty and evolving global dynamics, Tesla continues to dominate while Rivian, though promising, has more to prove in the near term.
隨着電動車市場面臨政策不確定性和全球動態變化的阻力，特斯拉依然主導市場，而Rivian雖然有潛力，但在短期內還有更多需要證明的。
For investors, it's a tale of two trajectories—one accelerating confidently, the other stuck in neutral.
對於投資者來說，這是兩個軌跡的故事——一個自信加速，另一個停滯不前。
- Tesla Design Chief Says EV Giant Was Looking To Create 'Future Version' Of NYC's Yellow Cabs With Gold Cybercab: 'It Feels Right'
- 特斯拉設計主任表示，電動車巨頭希望創造紐約市黃色出租車的「未來版本」，黃金網絡出租車：「這感覺很對。」
Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。
