On July 6th, according to Techcrunch, if you pay attention to the performance of Tesla Electric Vehicles in the stock market, you will undoubtedly realize that the analysts who are concerned about the company are carrying out a bull market vs. bear market war. Although analysts at major investment banks such as Goldman Sachs and Bank of America often disagree on the future target prices of certain companies, their perceptions of the same company's share price rise or fall are quite different but rare. Let's take a look at the related content with the car electronics editor.
And that's exactly what happened to Tesla. Twenty-four analysts made public predictions about Tesla's share price, and eight of them thought they should "buy" Tesla stock, which means they think it will rise. Eight people thought they should take Tesla shares because they predicted it would fall. There are still 8 people who believe that they can “hold†Tesla shares, basically saying that Tesla shares are similar to the overall market.
Specifically, the Cohen Group predicts that Tesla's target price is the lowest at $155 per share, while the highest forecast comes from Berenberg, which believes that Tesla's target price is up to $464 per share. The average of these forecasts is $281.79, which is still well below the current $327.09, although it has fallen by 7 percentage points.
Why is Tesla stock falling? There are many reasons. Yesterday, Tesla announced that it delivered 22,000 cars in the second quarter of 2017. Although this may help it exceed the record of 76,000 vehicles delivered throughout 2016, it is still lower than expected, and Tesla attributed this to the lack of capacity of the 100 kWh battery pack.
Goldman Sachs questioned capacity issues and high-end car sales, Tesla shares fell 7%
This morning, Goldman Sachs downgraded Tesla's target price from $190 to $180 because of concerns that Tesla's Model S and Model X models are in a stagnant state. Tesla may also be in trouble as it struggles to meet upcoming production goals.
Of course, Tesla's current focus is on the Volkswagen Model 3, which will begin shipping at the end of this month. Although only 100 Model 3s will be produced in August, Tesla CEO Elon Musk said that by December this year, the model could produce up to 20,000 units per month, 2018 The annual output can reach 500,000 units.
In fact, the real reason that led to such a huge disagreement among analysts is that the way people see Tesla is very different. Some people regard Tesla as a traditional car company. If you measure it according to industry standards, its value is obviously overestimated. But others see Tesla as a technology and energy company and are working on the development of driverless and battery-producing technologies, which may mean that Tesla is still in the “growth period†and has unlimited future potential.
No matter which theory you support, you will find that the next few months will be very interesting, because Tesla will gradually increase the production of Model 3 and try to prove that it will eventually produce cars on a large scale.
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