After musk annoys analysts, how does Wall Street look at Teslas future?

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 After musk annoys analysts, how does Wall Street look at Teslas future?


He refused to answer the question of ToniSacconaghi (Bernstein) analyst Tony Saknagi (Bernstein) on the Model3 gross interest rate, calling the issue boring. Previously, the companys first quarter earnings report showed that the companys first quarter losses were lower than analysts expectations. The following is a summary of Teslas stock market trend after the first quarter earnings call conference held by Tesla. Merrill Lynch Merrill (Tesla stock is weaker than the market rating): Key conclusions are as follows: 1) Teslas first quarter revenue was $3 billion 410 million, slightly higher than our expected $3 billion 290 million; 2) the company gross gross margin was 13.4%, lower than we expected 17.4%; 3) operating costs (SG&A, R&D) were $1 billion 50 million, slightly higher than we expected, and the data increased over the same period and around the same period. Bernstein (giving Tesla stock hold rating): At least, the first quarter of Teslas first quarter earnings call was a unique experience: at half the meeting, Mask suddenly announced that our problems were boring and not cool, and had a 20 - minute discussion with a retail investor on the YouTube. However, behind this fantastic drama, we see the performance indicators in the first quarter of Tesla consistent with most of the expectations, including revenue, gross interest rate and free cash flow. Morgan Stanley (giving Tesla stock hold rating): Tonights earnings call conference is not going well, you know. The feedback we received from investors supported this view. No matter how disgruntled by the CEO, we note that one of the important factors in Teslas success is that it has a good relationship with the capital market, which provides funds for its ambitious plans. JP Morgan (giving Tesla stock sell rating): After yesterdays close, Tesla announced the first quarter results of good and bad adulteration, whose earnings, profit margins and earnings per share were better than expected, but there were higher than expected cash outflows and record net losses. We expect to define a number of analyst questions in Tesla CEO as boring and boring (including exploring what we think is the key topic, such as the profitability of Model3 and whether the company has funding needs, etc.), and its share price will fall today. Goldman Sachs (give Tesla stock sell): In general, we believe that the negative impact of the first quarter earnings is greater than the positive one and believes that its share price should see pressure. Finally, Teslas stock price trend in the next two months may be in the same pace with the changes in the VIN (vehicle identification code) registration data, which allows the outside world to understand the weekly output of Model3. Barclays Bank (Tesla stock sell rating): We anticipate that greater space for Teslas shareholder letter will focus on the future, rather than the first quarter, which was plagued by slow growth in Model3 production. We are right at this point. This letter is full of optimistic predictions that it will make profits in the second half of this year. It is based on the assumption that the output of Model3 can reach 5000 units per week (we think it must be a stable productivity rather than an explosive one). But at the same time, Tesla also suffered huge losses and cash consumption in the first quarter, which is even worse than we thought. Guggenheim (buy Tesla stock) rating: As Tesla is still trying to boost Model3 capacity, the company continues to move towards the goal of producing 5000 Model3 per week in the third quarter of this year, and we continue to predict a significant improvement in the companys financial situation, from the first half of this year to the second half of the year. Pager (to give the Tesla stock buy rating): Tesla management is strongly opposed to the issue of new equity, while reducing capital expenditure expectations, and is expected to make profits in the second half. Although Model3s capacity remains unstable, these expectations are positive rather than pessimistic. However, musk began to ignore the analysts questions, but decided to answer 12 questions from YouTube, which he thought was more interesting. This unorthodoxy led to the sell-off of its shares in after hours trading. We still recommend buying Tesla shares, but in the next few months, we expect big fluctuations in share prices. Baird (giving Tesla stock buy rating): Ignore the noise, pay attention to the index. Tesla reported a solid first quarter performance and successfully upgraded the capacity of Model3 cars and batteries, even though he refused to answer several common questions at the conference call, which could put pressure on the stock price. That is to say, we think investors should continue to focus on Teslas progress and suggest buying its shares. Nomura Securities (to buy Tesla stock buy rating): We were disappointed last nights earnings call conference. No shareholder wants to see CEO lose patience with important issues, even with regard to conventional issues such as profit margins and capital expenditure. Today, investors are likely to turn their attention away from the positive foundations of the first quarter earnings and the outlook for the next quarter. Royal Bank of Canada capital market (giving Tesla stock hold rating): This is a strange teleconference without answering the analysts question. The feedback from investors is that Musks performance has shaken their confidence and we think it is an important part of the Tesla legend. We still have doubts about Teslas recent capacity. Oppenheimer (gave Tesla stock hold): we expect that as musk is tired of the problem that analysts have put forward with the speed of battery production and is tired of the issues related to financial and operational indicators, many investors will pay attention to Teslas strategic leadership. The company also actually overthrew the target of reaching 10 thousand Model3 per week by the end of the year, suggesting that it will wait until the third quarter to determine how best to deploy production resources to achieve this rate of production. Mask also said that Tesla also plans to build a factory to produce ModelY, and plans to announce a factory in China, and Semi electric trucks will be listed as early as 2020. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 We expect a lot of investors to pay attention to Teslas strategic leadership, as he is tired of the issues related to the speed of battery production that analysts have put forward and are tired of the issues related to financial and operational indicators. The company also actually overthrew the target of reaching 10 thousand Model3 per week by the end of the year, suggesting that it will wait until the third quarter to determine how best to deploy production resources to achieve this rate of production. Mask also said that Tesla also plans to build a factory to produce ModelY, and plans to announce a factory in China, and Semi electric trucks will be listed as early as 2020. (Liu Chun)