《大行報告》瑞銀下調特斯拉(TSLA.US)目標價至225美元 看到歐美市場放緩及中國市場競爭激烈
瑞銀發表報告指出,特斯拉(TSLA.US)去年第四季業績遜預期,收入按年增長3.5%至252億美元,較該行及市場預期各低3%及2%。汽車收入按年增長1.2%至216億美元,亦低於該行及市場預期的221億及217億美元。
該行指特斯拉承認增長放緩及更難削減成本,然而公司未有披露今年指引目標,只稱增長明顯低過2023年的38%水平,市場預期增長約20%,惟該行料特斯拉今年按年增長11%。
該行認為,特斯拉介乎於兩波增長浪潮之間,下一波增長浪潮將由MODEL 2帶動,MODEL 2目標將於明年下半年生產,該行料明年公司可交付13.5萬輛MODEL 2,預期2026年將獲更大的收益。
此外,該行持續看到美國/歐洲電動車採用速度放緩,以及中國競爭激烈,市場對今明兩年特斯拉的預測或有所下調。將其目標價由229美元下調至225美元,評級「中性」。
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