Institutions are generally optimistic about Tesla's future market.
Tesla will release its second-quarter earnings report next Tuesday (July 23). Analysts expect the company's revenue to be $24.2 billion and earnings per share of $0.61.
On July 12, Citi sharply raised Tesla's price target from $182 to $274, and maintained the stock's neutral rating. Citi said Tesla's strong stock price increase has increased reliance on upcoming electric vehicle products and artificial intelligence catalysts. Delivery performance in the second quarter was also encouraging. However, Citi believes that without new products and artificial intelligence catalysts, the core fundamentals of electric vehicles alone are unlikely to support a further sharp rise in Tesla's stock price from here.
Wedbush raised Tesla's price target from $275 to $300, reflecting confidence in the company's long-term prospects. Analyst Dan Ives even believes Tesla is expected to reach a market capitalization of $1 trillion, thanks to its leading position in the electric vehicle market and advances in autonomous driving technology.
UBS downgraded Tesla's rating from neutral to sold, and raised the target price from $147 to $197. The reason is fear that Tesla's stock price will “rise too much and too fast” due to optimism about its artificial intelligence plans. Analysts pointed out that if the market's enthusiasm for artificial intelligence wanes, this could affect Tesla's price-earnings ratio. They also mentioned that Tesla's growth opportunities may be realized (or not at all) over a long period of time, and that the expected price-earnings ratio based on the next year's earnings is more than 80 times, so it is reasonable to downgrade the rating.
On July 10, Goldman Sachs raised Tesla's price target from $175 to $248. Analyst Mark Delaney attributed the better-than-expected delivery data for the second quarter to lower inventory, the company's incentive plan (for car purchases), and the recent re-qualification of the Model 3 long-range version from IRA (Inflation Reduction Act) in the US market.
Morgan Stanley maintained its buy rating and maintained its target price of $310. Damo raised the valuation of Tesla's energy storage business. It is expected that the artificial intelligence boom will drive a surge in global electricity demand, and the company has the ability to expand its market share in this field. Damo raised Tesla Energy's valuation from 36 US dollars/share to 50 US dollars/share, while also lowering Tesla's car sales expectations until 2030.
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成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。
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