Goldman raises its Tesla stock target, previews Q2 earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Goldman raises its Tesla stock target, previews Q2 earnings

The Wall Street giant has lifted its price target from $175 to $248, which is roughly 5% lower than Tesla’s last closing price.

"We attribute the better volumes to a combination of factors including inventory reduction, incentives from Tesla, and the Model 3 Long Range variant recently regaining IRA credit eligibility in the US," analysts said in a note.They foresee key debates shifting towards vehicle pricing and Tesla’s automotive non-GAAP gross margin, with inventory reduction seen as a positive indicator for future pricing.

They also pointed out the outlook and timing for new, lower-cost models and variants, which Tesla plans to start shipping as early as late 2024 or 2025. They believe these new models will likely incorporate design elements from existing models but with potential modifications. Analysts view Tesla as a leader in AI and software technology within the automotive sector, with software and services potentially contributing significantly to Tesla’s earnings by 2030. However, they note that achieving a Level 3 version of FSD will take more time.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين