The Future Fund LLC Managing Partner Gary Black argues that Tesla Inc. (NASDAQ:TSLA) needs new vehicle form factors, rather than stripped-down versions of existing models, to achieve its targeted 20-30% volume growth in fiscal year 2025.
What Happened: Black's analysis comes amid ongoing discussions about Tesla's strategy for maintaining growth in an increasingly competitive electric vehicle market.
Black emphasized on X, formerly Twitter, that Tesla's 2022-2023 price reduction strategy demonstrated that simply offering cheaper versions of the Model 3 and Model Y won't generate sufficient growth.
Instead, he suggests Tesla needs to expand into new market segments, specifically pointing to potential offerings like a four-seat Cybercab or a Model 3 hatchback that could tap into the compact segment, which represents 12-15% of global market share.
The investor's comments follow Tesla's recent third-quarter earnings report, where the company posted revenue of $25.18 billion, up 8% year-over-year, though missing analyst expectations.
Tesla maintains its commitment to launching more affordable vehicles in the first half of 2025, with CEO Elon Musk linking this initiative to the company's projected 20-30% annual volume growth.
Why It Matters: Black challenges the notion that these goals can be met through stripped-down versions of existing models, noting that Tesla needs an interim solution before the full deployment of autonomous Cybercab technology, expected in 2026.
His analysis suggests that Tesla's strategy must extend beyond price adjustments to include new vehicle categories that can capture additional market segments.
This discussion occurs against a backdrop of increasing competition in the electric vehicle market, with Tesla facing pressure from both U.S. automakers and Chinese manufacturers.
The company's third-quarter operating margin of 10.8% and record-low cost of goods sold per vehicle at $35,100 demonstrate its ongoing efforts to balance profitability with market expansion.
Price Action: Tesla stock closed at $345.16 on Friday, up 3.69% for the day, according to data from Benzinga Pro. In after-hours trading, the stock edged higher by 0.081%. Year to date, Tesla shares have surged 38.94%.
According to Benzinga Pro data, Tesla has a consensus price target of $232.20, with a high of $400 and a low of $24.86. Recent analyst ratings imply a 9.39% downside, with an average target of $313.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Future Fund LLC的管理合伙人Gary Black认为，特斯拉公司（纳斯达克：TSLA）需要新的车辆形态，而不是现有车型的简化版本，以实现其在2025财年目标的20-30%的销量增长。
发生了什么：Black的分析正值关于特斯拉在日益竞争激烈的电动汽车市场保持增长的策略的持续讨论中。
Black在X（前身为Twitter）上强调，特斯拉2022-2023年的降价策略证明，仅仅提供Model 3和Model Y的更便宜版本无法产生足够的增长。
相反，他建议特斯拉需要扩展到新的市场细分，特别指出潜在的产品，比如四座的Cybercab或Model 3掀背车，这可以进入占全球市场份额12-15%的紧凑型细分市场。
投资者的评论继特斯拉最近的第三季度财报之后，数据显示该公司的营业收入为251.8亿美元，同比增长8%，虽未达到分析师预期。
特斯拉坚持计划在2025年上半年推出更多可负担的车辆，首席执行官埃隆·马斯克将这一计划与公司预计的20-30%的年度销量增长联系在一起。
为什么这很重要：Black挑战了这一目标可以通过简化现有车型来实现的观点，指出特斯拉需要一个过渡解决方案，在预计在2026年全面推出的自动驾驶Cybercab技术之前。
他的分析表明，特斯拉的策略必须超越价格调整，包含能捕获额外市场细分的新车型。
这场讨论是在电动车市场竞争加剧的背景下进行的，特斯拉面临着美国汽车制造商和中国制造商的压力。
该公司的第三季度营业利润率为10.8%，每辆车的营业成本创下3.51万美元的历史低点，展示了其在盈利能力与市场扩展之间平衡的持续努力。
价格走势：根据Benzinga Pro的数据，特斯拉股票在周五收盘时为$345.16，当日上涨3.69%。在盘后交易中，股票小幅上涨0.081%。截至目前，特斯拉的股票上涨了38.94%。
根据Benzinga Pro数据，特斯拉的共识目标价格为$232.20，最高价为$400，最低价为$24.86。最近的分析师评级暗示下行空间为9.39%，平均目标价为$313。
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