Ahead of second-quarter financial results, a Tesla Inc (NASDAQ:TSLA) analyst says investors aren't focused on earnings, but rather what comes next after Tuesday's report.
The Tesla Analyst: Guggenheim analyst Ronald Jewsikow reiterated a Sell rating on Tesla and $134 price target.
The Analyst Takeaways: Investors will be focused on what comes next for Tesla and not the past earnings, Jewsikow said.
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The analyst said Tesla delaying the robotaxi event from Aug. 8 will be top of mind for investors.
"With the planned 8/8 event now formally delayed, investors will look for color on the new timeline, what to expect at the event and more details on the delay," Jewsikow said.
The delay in the Robotaxi event has led to investors seeing the segment as less actionable, according to the report.
The analyst said 2024 volume guidance could also be a key item to watch in the earnings report.
"We don't believe guiding for y/y volume growth is realistic, but we do not see CEO Elon Musk indicating negative volume growth as his forecast."
China and market share in the country could also be a key focus in the earnings report, the analyst said.
"How does TSLA return to growth with so much competitively priced product in China?"
The analyst expects Tesla to beat earnings per share estimates and miss on automotive gross margins (ex-credits) due to "large discounting actions."
Jewsikow currently ascribes no value to robotaxis, robots, artificial intelligence or insurance when forecasting a price target on Tesla.
TSLA Price Action: Tesla shares are down 1% to $249.25 on Tuesday versus a 52-week trading range of $138.80 to $278.98. Tesla stock is up 0.3% year-to-date in 2024, after gaining over 30% in the past month, as seen on the Benzinga Pro chart below.
在第二季度财报公布之前，特斯拉（纳斯达克：TSLA）的分析师表示投资者关注的焦点不在于收益，而在于周二公布财报之后的走势。
特斯拉分析师：古根海姆分析师罗纳德·茹伊科维(Ronald Jewsikow)重申对特斯拉的卖出评级和134美元的价格目标。
分析师的看法：茹伊科维说，投资者将关注特斯拉未来的发展而不是过去的收益。
阅读更多：独家：市场策略师解释为什么要买特斯拉——特斯拉是埃隆·马斯克和科技故事先行，电动汽车故事次之。
分析师称，特斯拉延迟8月8日的自动驾驶( Robotaxi )活动将成为投资者关注的重点。
罗纳德·茹伊科维表示：“由于原定于8月8日的活动现在正式推迟，投资者将期待得到关于新时间表、活动预期以及延迟的更多详细信息。”
据报告，Robotaxi 活动的延迟导致投资者将该领域视为不太可行。
分析师表示，在收益报告中，2024年的成交量指南也可能是一个关键问题。
“我们认为，指导同比成交量增长不现实，但我们不认为首席执行官伊隆·马斯克(Musk)会预测负的成交量增长。”
关于中国和公司在该国的市场份额，分析师表示，在收益报告中这也可能是一个关键焦点。
“在中国，价格竞争激烈，特斯拉如何重新实现增长？”
分析师预计，特斯拉将超过每股收益预期，但汽车毛利率（除掉贷款）可能会因为“大规模折扣行动”而下降。
当预测特斯拉的价格目标时，茹伊科维目前不会考虑自动驾驶、机器人、人工智能或保险的价值。
特斯拉股票的价格变动：周二，特斯拉股价下跌1%，至249.25美元，52周交易范围为138.80美元至278.98美元。特斯拉股票今年以来上涨0.3%，在过去一个月内上涨30%，如下图所示。
