大行評級|花旗:維持特斯拉“中性”評級 短期預測下行空間大於上行空間
花旗發表報吿,將特斯拉2024年每股盈利由2.71美元下調至2.11美元,反映首季付運遜預期及4月初數據表現,又指2024-26年每股盈測仍低於市場預期,目標價相應由196美元降至180美元,該行同時將集團2024年及2025年的出貨量預測由197萬輛及220萬輛,降至176萬輛及198萬輛。基於特斯拉產品年齡及飽和度等因素,短期需求不理想,短期預測下行空間大於上行空間,維持“中性”評級,靜候更好的買入時機。該行認同特斯拉對全自動汽車的重視,向來都認同此為最顛覆交通的大勢。就8月8日的發表會,花旗認為有兩種情景可能會出現,1)會與2019年的Autonomy Day類似,公司在活動上揭曉全自動無人駕駛的士RoboTaxi,惟沒有具體的部署計劃,留下各種的開放式問題。以上會使投資者非常失望;2)連同RoboTaxi,揭曉一個具説服力的部署路線,可以是深層的完全自動駕駛(FSD)及人工智能表現或其他部署方法,如公司當日可提出可信或不同的部署策略,將會對股價帶來正面影響。
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