《大行》瑞銀上調對特斯拉(TSLA.US)自動駕駛的士估值 續予「沽售」評級
瑞銀髮表報告,指該行對特斯拉(TSLA.US)自動駕駛的士的估值爲3,500億美元,即每股99美元,當中假設技術、執行及監管方面取得成功。該估值高於該行早前給予的2,250億美元或每股64美元。該行相信特斯拉核心「傳統」汽車業務及能源業務估值分別爲每股25及19美元,估值與其市場估值仍存在約6,300億美元或每股約180美元的重大差距。
該行給予特斯拉2,500億美元估值溢價,當中包括人型機械人,爲兩年「不明」("unidentified")溢價的平均值,目標價由原先190美元上調至215美元,爲2026年預測市盈率90倍,大致符合較平均高1個標準差的水平,評級維持「沽售」。
該行又指,隨着特斯拉在德州奧斯汀推出自動駕駛的士服務,投資者對有關業務機遇的關注度非常高。若一切按計劃執行,其潛力或將顯着,至2040年車隊規模料達230萬輛,以及約2,000億美元收益。特斯拉看來已預備受惠,但該行認爲股價已經反映。
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