大行評級|傑富瑞:特斯拉次季業績無助大幅提升市場預期 目標價為165美元
傑富瑞發表研究報吿指,特斯拉第二季銷售額按年增長2%至255億美元,高於市場預期的251億美元;毛利達到45.8億美元,毛利率18%,亦高於市場普遍預期的17.5%。儲能業務對毛利的貢獻已提升至約16%,反映出該業務已變得愈來愈重要。受惠於營運資金轉回及資本開支減少,令自由現金流轉正,錄13億美元。傑富瑞指出,次季汽車業務收入達到199億美元,高過市場預期,當中來自零排放汽車(ZEV)的收入達到創新高的8.9億美元,對比該行預測僅為4億美元;撇除ZEV及重組前息税前利潤率提升至5.4%,較首季的3.5%顯著改善,但仍低於去年同期的8.6%。
但該行認為,次季業績無助大幅提升市場預期。管理層在電話會議中主要重申人型機器人、Robotaxi及汽車的發展戰略,但未有詳細分享Robotaxi的業務模式或其他新消息。該行維持特斯拉“持有”評級,目標價為165美元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.