'They're Nowhere Near Being Robotaxis': Bearish Tesla Analyst Says Musk Is Promoting 'Smoke And Mirrors,' Stock Is Overvalued
'They're Nowhere Near Being Robotaxis': Bearish Tesla Analyst Says Musk Is Promoting 'Smoke And Mirrors,' Stock Is Overvalued
Gordon Johnson, the founder of GJC Research, joined Benzinga's PreMarket Prep Friday morning to discuss Tesla Inc (NASDAQ:TSLA) amid the company's recent share-price rally, with the electric vehicle giant adding more than 40% in market value in the last month. Johnson outlined his bearish thesis on Tesla, and why he believes the stock is overvalued.
方正證券（GJC Research）的創始人高登·約翰遜週五上午加入Benzinga的PreMarket Prep節目，討論特斯拉（NASDAQ：TSLA）公司，在過去一個月的時間裏這家電動汽車公司市值增加了40%以上的情況下，特斯拉公司的股價最近的上漲情況。約翰遜概述了他對特斯拉的看淡主題以及爲什麼他認爲該股票被高估的論點。
Here are Johnson's reasons for why he believes Tesla's share price will eventually fall below $30 a share.
以下是約翰遜認爲特斯拉股價最終將跌至每股30美元以下的原因。
Declining Margins: Johnson pointed out on PreMarket Prep that Tesla's margins are declining and that growth in car sales has declined, and that while Tesla does have other potential revenue streams on the horizon, the company still makes the vast majority of its income through selling cars.
利潤率下降：約翰遜在PreMarket Prep上指出，特斯拉的利潤率正在下降，汽車銷量增長也在下降，儘管特斯拉在未來有其他潛在的收入來源，但該公司仍然通過銷售汽車大部分收入。
"Effectively with Tesla, what you have is a company that I think that [Elon] Musk is promoting a lot of smoke and mirrors to hide the fact that he owns a car company with declining margins that has basically went ex growth," Johnson said.
“簡而言之，特斯拉是一家持續經營利潤率下降和增長性逐漸降低的公司。他（埃隆·馬斯克）正在進行大規模宣傳，以掩蓋事實：特斯拉是一家衰退的汽車公司。” 約翰遜說。
Tesla reported lower revenue in Q1 of 2024 compared to its revenue in the same period last year, according to Benzinga Pro.
根據Benzinga Pro的報道，特斯拉在2024年第一季度的營業收入比去年同期下降。
Read Also: Tesla Hints Cybertruck Was Most Sold EV Truck In US In Q2, But Elon Musk's Company Has Not Released Data To Back It Up
閱讀更多：特斯拉暗示Cybertruck是美國第二季度最暢銷的電動卡車，但伊隆·馬斯克的公司尚未公佈支持此說法的數據。
The Problem With Robotaxis: Johnson also outlined a bearish thesis regarding Tesla's robotaxi business. He argued that while other companies, like Alphabet Inc-backed (NASDAQ:GOOG) (NASDAQ:GOOGL) Waymo, have operational robotaxis on the road, Tesla lacks lidar technology that makes robotaxis or true full-self driving feasible.
機器人出租車的問題：約翰遜還就特斯拉的機器人出租車業務提出了看淡主題。他認爲，儘管像Alphabet Inc（NASDAQ: GOOG）（NASDAQ: GOOGL）支持的Waymo這樣的其他公司已經在進行機器人出租車的業務，但特斯拉缺乏可以使機器人出租車或真正的全自動駕駛變得可行的激光雷達技術。
"If you simply go on YouTube and look at videos, you'll see that with these [Tesla] robotaxis literally they're driving around and within an hour without human intervention, these things would be crashing... they're nowhere near being robotaxis despite the fact that's what everyone calls them because Musk calls them that."
“如果你簡單地進入YouTube並觀看視頻，你會看到這些（特斯拉）機器人出租車在開車，經過不到一個小時的無人干預，這些東西就會崩潰……他們離機器人出租車的距離還很遠，儘管所有人都稱之爲機器人出租車，因爲馬斯克這樣稱呼他們。”
Click here to watch Johnson's full interview on Benzinga's PreMarket Prep.
點擊這裏觀看約翰遜在Benzinga的PreMarket Prep上的完整採訪。
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Photo: Benzinga
照片：財經新聞網