TSLA Stock Valuation Duel: Dan Ives Bets Big On Robotaxis While Gary Black Plays It Safe
TSLA Stock Valuation Duel: Dan Ives Bets Big On Robotaxis While Gary Black Plays It Safe
In contrast, Black, Managing Partner at Leading Tesla Inc. (NASDAQ:TSLA) analysts Dan Ives and Gary Black revealed stark differences in their valuation approaches during a recent "Brighter with Herbert" show appearance, even as both remain bullish on the electric vehicle maker's prospects.
特斯拉公司（納斯達克：TSLA）的分析師Dan Ives和Gary Black在最近的「與赫伯特共度光明時光」節目中揭示了他們估值方法的明顯差異，儘管兩者對這家電動汽車製造商的前景依然看好。
What Happened: Ives, Managing Director at Wedbush Securities, maintains the Street's highest price target of $515 with a bull case of $650, citing potential revenues from autonomous robotaxis and the company's Optimus robot project. He projects Tesla's earnings at $15 per share by 2030.
發生了什麼：Ives，Wedbush證券的董事，總監維持市場上最高的目標價爲515美元，牛市情況下目標價爲650美元，引用了來自自動駕駛機器人出租車的潛在營業收入和公司的Optimus機器人項目。他預測到2030年，特斯拉的每股收益爲15美元。
"The Tesla story changes because everything we looked at with robotaxi gets accelerated," Ives said, estimating autonomous vehicles could capture 20% of ride-shares by decade's end. He values Tesla's autonomous business alone at $1 trillion.
Ives說：「特斯拉的故事發生了變化，因爲我們關注的所有關於機器人出租車的內容都在加速。」他估計，到本世紀末，自動駕駛汽車可能會佔到20%的共享出行市場。他僅對特斯拉的自動駕駛業務的估值爲1萬億。
In contrast, Black, Managing Partner at The Future Fund LLC, takes a more conservative approach with a $380 target, well above the Street average of $275. Black forecasts $17 earnings per share by 2030 but excludes robotaxi and Optimus revenue from his calculations.
相比之下，The Future Fund LLC的管理合夥人Black採取了更爲保守的方法，目標價爲380美元，高於市場平均水平275美元。Black預計到2030年每股收益爲17美元，但在他的計算中不包括機器人出租車和Optimus的營業收入。
"Even if I assume Tesla took 25% of ride-sharing market share, that only adds about a dollar per share in earnings," Black explained, noting his use of higher risk adjustments in Tesla's valuation given its volatility.
Black解釋道：「即使我假設特斯拉佔據了共享出行市場25%的市場份額，那也只會增加每股約1美元的收益。」他指出，由於特斯拉的波動性，他在估值中使用了更高的風險調整。
Why It Matters: The valuation debate comes as Tesla's stock has surged nearly 71% year-to-date, recently crossing the symbolic $420 level that CEO Elon Musk referenced in his controversial 2018 "funding secured" tweet. Morgan Stanley has named Tesla its top stock pick for 2025, citing the company's advances in autonomy and robotics.
重要性：這一估值爭論發生在特斯拉的股票年初至今上漲了近71%的情況下，最近突破了首席執行官埃隆·馬斯克在其2018年有爭議的「資金已獲保障」推文中提到的象徵性420美元水平。摩根士丹利將特斯拉評選爲2025年的最佳股票，理由是該公司在自主駕駛和機器人技術方面的進展。
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
考慮以$420的價格將特斯拉私有。資金已到位。
— 埃隆·馬斯克 (@elonmusk) 2018年8月7日
Both analysts expressed optimism about Tesla's planned entry into the compact car segment, with Black suggesting a $25,000-$30,000 hatchback could expand Tesla's market reach similar to how the Model Y boosted its presence in the crossover segment.
兩位分析師對特斯拉計劃進入小型車市場表示樂觀，Black建議一款售價爲25,000美元至30,000美元的掀背車可能會擴大特斯拉的市場覆蓋面，就像Model Y在跨界車市場提升其存在感一樣。
Tesla has a consensus target of $280.41 from 33 analysts, according to data from Benzinga Pro. The high is $515, and the low is $24.86. Recent ratings from Baird, Mizuho, and Goldman Sachs give an average target of $446.67, implying a 3.05% upside.
根據Benzinga Pro的數據，特斯拉的33位分析師的共識目標爲280.41美元。最高爲515美元，最低爲24.86美元。來自Baird、瑞穗和高盛的最新評級給出了446.67美元的平均目標，意味着上漲空間爲3.05%。
Year-to-date, the Tesla stock has gained 69.50%.
截至目前，特斯拉股票已上漲69.50%。
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圖片來自Shutterstock。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
譯文內容由第三人軟體翻譯。
