Tesla Analyst Says Full Self-Driving 'Matters More Than Anything Else,' Latest Version Is 'Revolutionary,' Will Take Stock To $300
Tesla Analyst Says Full Self-Driving 'Matters More Than Anything Else,' Latest Version Is 'Revolutionary,' Will Take Stock To $300
"We think investors should consider the possibility that Tesla's decision to host a robo-taxi event (October 10th) isn't a ploy to distract from falling EV sales. Instead, it could catalyze a realization that FSD matters more than anything else," Potter said in a note to clients this week.Piper Sandler believes $Tesla (TSLA.US)$ Inc (NASDAQ:TSLA) may have solved the autonomous vehicle puzzle. Despite CEO Elon Musk's track record of overpromising, the analyst highlighted the latest version of Tesla's Full Self-Driving as the real deal.
派傑投資認爲 $特斯拉 (TSLA.US)$公司可能已經解決了自動駕駛汽車難題。儘管CEO埃隆·馬斯克一貫誇大其詞，分析師仍然強調特斯拉全自動駕駛的最新版本是真正的解決方案。
What Happened: Piper Sandler analyst Alexander Potter maintained Tesla with an Overweight rating on Sunday, noting that recent advancements in the EV maker's Full Self-Driving technology appear to be underappreciated.
經濟學家Alexander Potter在週日保持對特斯拉的股票的超配評級，指出新近的電動汽車製造商全自動駕駛技術的進展似乎被低估了。
Based on recent reviews on the X social media platform, the Piper Sandler analyst believes the latest Full Self-Driving software from Tesla, version 12.5, is "revolutionary."
基於最新的社交媒體平台X的評價，派傑投資的分析師認爲特斯拉的最新全自動駕駛軟件，即版本12.5,"是革命性的"。
"We think investors should consider the possibility that Tesla's decision to host a robo-taxi event (October 10th) isn't a ploy to distract from falling EV sales. Instead, it could catalyze a realization that FSD matters more than anything else," Potter said in a note to clients this week.
"我們認爲投資者應該考慮這種可能性：特斯拉舉辦機器人出租車活動（10月10日）並不是一種旨在轉移注意力的策略，而是可能激勵人們認識到全自動駕駛比其他任何事情都更重要，"波特本週在給客戶的一份報告中表示。
Tesla shares are down nearly 7% year-to-date. Despite reporting a couple of weak quarters, Musk has downplayed the results and shifted investor attention toward his vision for the future around AI, Full Self-Driving and robotaxis.
特斯拉的股票年初以來下跌近7％。儘管報告了幾個弱季度，Musk淡化了結果並把投資者的注意力轉向了圍繞人工智能，全自動駕駛和機器人出租車的未來願景。
Potter argues that Musk's focus is in the right place. A majority of Piper Sandler's price forecast is based on Full Self-Driving revenue assumptions. If you take Full Self-Driving out of the equation, Piper Sandler's model implies fair value of just $77 per share.
波特認爲，馬斯克的焦點是正確的。派傑投資的大部分價格預測都基於全自動駕駛的收入假設。如果你把全自動駕駛排除在外，派傑投資的模型意味着每股公平價值只有77美元。
"If investors own TSLA at this valuation, we think they must implicitly believe in FSD," Potter said.
"如果投資者以這個估值擁有TSLA股票，我們認爲他們必須內在地相信全自動駕駛技術,"波特說。
The Piper Sandler analyst expects Full Self-Driving take-rates to inflect "sharply upward," beginning around 2030. The analyst further anticipates approximately 100% fleet-wide Full Self-Driving adoption in 20 years.
派傑投資的分析師預測，從2030年開始，全自動駕駛的佔有率將迅速上升。該分析師進一步預測，在20年內，全自動駕駛的採用率將達到大約100％。
Further adding to the analyst's Full Self-Driving thesis, Potter expects subscription prices to eventually rise to more than $500 per month, up from the current price of $99 per month.
此外，波特還預計，隨着時間的推移，訂閱價格將最終上漲到每月500美元以上，而不是當前價格每月99美元。
"We also think Tesla will eventually sell EVs for ~$31k apiece, at 0% gross margin ... but ultimately, just like cheap flip-phones, we don't think anyone will buy non-FSD cars," Potter said.
"我們也認爲，特斯拉最終將以每台約3.1萬元的價格出售電動汽車，並且沒有毛利，請記住，就像便宜的翻蓋手機一樣，我們認爲沒有人會購買非全自動駕駛汽車，"波特說。
Potter expects Tesla's Full Self-Driving to be a major driver of margin expansion, starting in the late 2020s, as he anticipates 90% gross margin on Full Self-Driving-related revenue. Piper Sandler has a price target of $300 on Tesla shares.
波特預計，特斯拉的全自動駕駛將成爲利潤擴張的主要驅動力，自2020年代末開始，他預計，全自動駕駛相關的收入將實現90％的毛利率。派傑投資的特斯拉股票價格目標爲300美元。
TSLA Price Action: Tesla shares were up 5.6% at $232.10 Monday.
特斯拉股票週一上漲5.6%，報232.10美元。
