Tesla has made a profit for two consecutive quarters, and there are still no analysts who can impress Goldman Sachs. Recently, Goldman Sachs analyst David Tamberrino sent a report to his clients, expecting Tesla’s revenue and electric vehicle delivery in the first quarter of 2019. Below expectations, the target price for the next 12 months is $210, and Bitsla’s current share price is about 25%.
According to a report by Goldman Sachs analyst David Tamberrino, the total delivery of Tesla Model S and Model X in the first quarter of 2019 is estimated at 17,300 units after the investigation of Tesla’s delivery indicators at the end of the month, in the fourth quarter of 2018. 20,700 units, the drop in the delivery of these two electric vehicles is mainly due to weak market demand. Due to the decline in the overall demand of the global electric vehicle market and the delivery of the Tesla Model 3, the Model S and Model X have been able to fully stabilize the production capacity. Meet existing market needs. The much-watched Model 3 has been delivered to the global market since the first quarter of 2019. It is expected to deliver 57,500 units in a single season. After launching new vehicles in China and Europe, Tesla will be able to deliver at least just in each region. 10,000 units of Model 3.
Tesla’s total delivery of electric vehicles in the first quarter of 2019 is expected to be 7,500 units, which is 8% lower than the average estimate of Wall Street analysts. In addition to the disappointing delivery volume, Tesla’s recent adjustments in a series of product sales strategies have also worried investors. Since 2019, the company’s share price has fallen by 14%, even after the announcement of the sale of the $35,000 version. Model 3 also did not benefit its stock price. Due to the release of the lowest-priced version of electric vehicle products, Tesla was the impact of the low price on the profit margin. He felt that the product sales would shift from offline stores to online platforms, and gradually closed offline retail stores. Tesla also lowered the price of some electric vehicle products for the huge potential Chinese market, but the practice of closing the retail store was questioned inside and outside the company. The company quickly adjusted the decision and retained more lines. The next store and the Yanhouguan store plan, while increasing the retail price of some electric vehicles. Frequent adjustments to product pricing and sales strategies in the short term have led to dissatisfaction among many users, while also allowing investors to convey an unstable mood.
After the launch of Model 3’s large-scale delivery, Tesla faced unprecedented performance pressure. Although it has achieved two consecutive quarters of profitability and difficult capacity climbing, how to continue to develop the market is still the key, with more traditional cars. As manufacturers enter the field of electric vehicles, Tesla faces more and more competitors. The strategy of price reduction also shows that some of the market demand for electric vehicles is weak. From the perspective of electric vehicle manufacturing, it is unlikely that vehicles with stable production capacity will be able to Cost reductions in production and raw materials, transportation and logistics costs are also fixed, and compression is mainly due to cost of sales.