![]() ![]() If the company cannot meet its own growth goals, no matter how lofty, then the time has come for bulls to re-evaluate their growth expectations," said Trainer in a note from his investment research firm. CNBC's Michael Bloom contributed to this report."Tesla has grown deliveries at less than the 50% year-over-year (YoY) 'goal' in four straight quarters as well as for the full year 2022. Tesla plans to report its third-quarter earnings on October 19, 2022. The firm is maintaining its price target of $400 per share, and views Tesla as "one of the most attractive stories in the autos sector." American Tesla fleet by the end of the year." He wrote, "There remain numerous challenges in the performance of the system that the team is working on (such as lane selection and left turns), but it continues to progress well toward its goals of deploying to the entire N. He also noted that Tesla continues to work on its self-driving technology and supercomputer named Dojo for artificial intelligence. Nonetheless, the firm expects the company's margins to look good for the second half of the year.īernstein has an "underperform" rating on shares of Tesla and a price target of $150 per share.ĭeutsche Bank's research analyst Emmanuel Rosner, was more bullish Tesla overall and wrote in a note that the firm sees potential for Tesla's humanoid robot concept, nicknamed Optimus, even though it has only shown a "preliminary" first generation version at an AI Day recruiting event on Friday night last week. While competition in the EV space continues to heat up, Tesla's focus on electrical efficiency and investment in battery technology likely makes them tough to chase in the short term." Cowen has a "market perform" rating on shares of Tesla and a price target of $244 per share.ĪB Bernstein senior research analyst Toni Sacconaghi wrote in a note following the deliveries report, that he thinks Tesla's ability to hit its guidance range of 50% deliveries growth for the fiscal year of 2022 now seems "unlikely." He wrote, "Tesla attributed its shortfall in delivered units to increased cars in transit at the end of Q3, and challenges securing vehicle transportation capacity and at a reasonable cost," but he noted that vehicle production lagged what analysts' were expecting, according to his firm's estimates. Wall Street analysts were divided over the electric vehicle maker's report, and the sliding stock price suggests investors are worried about the delivery numbers.Ī Goldman Sachs analyst maintained Tesla's buy rating and said the company will continue to benefit from the long-term shift to electric vehicles, while a JPMorgan analyst kept an underweight rating on Tesla, saying that the earnings miss was in line with the firm's expectations.Ĭowen's Managing Director for Energy, Sustainability and Mobility Tech, Jeffrey Osborne, wrote in a note following the Q3 deliveries report, "Tesla has ample cash and has undertaken a meaningful global manufacturing expansion with facilities in China, Berlin, and Austin, TX with the latter two approaching full ramp. NYU professor Gary Marcus, who previously founded Robust AI and Geometric Intelligence, called the Tesla robot demo at AI Day "sub-optimal." AI and robotics industry insiders were mostly skeptical. While bullish analysts saw the Tesla Bot as a project with potential, some AI and robotics industry insiders scoffed at the early prototype, price, and timeline Musk and Tesla employees presented on Friday. Tesla's AI Day on Friday also did little to boost the company's short-term prospects. Tesla faced growing pains at its new factories in Germany and Texas, executive turnover and soaring commodity prices in the third quarter of 2022. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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