The new organization is determined to sing well,$Tesla (TSLA.US)$Stock prices skyrocketed overnight.

In the US stock market on Wednesday, Tesla closed with a sharp rise of 4.8%, driving up the stock price to the highest level in nearly four months, making it the best performing individual stock in the S&P 500 on the same day.

According to the news, Tesla will release global delivery data for the second quarter next week. Despite low market expectations, investment bank Stifel is firmly optimistic, saying that the new Model 3 and the new Model Y that will soon be launched can boost sales. Supported by technical advantages, the company still has plenty of room for growth in the future.

Stifel: Forward earnings expectations have bottomed out

On Tuesday evening local time, Stephen Gengaro, an analyst under Stifel, released the report “The Future is Closer than We Think (The Future is Closer than We Think)”, which covered Tesla for the first time and gave it a buy rating. The target price was set at 265 dollars, which means that the stock still has room to rise by about 35% compared to the latest closing price.

Gengaro believes that despite the recent slowdown in sales of electric vehicles, Tesla's development momentum will gradually improve as the overcharging network expands, affordable models are launched, and overall technology is improved.

Judging from financial and profit indicators, Tesla's forward profit expectations have bottomed out. Gengaro pointed out that the consensus forecast for Tesla's profit before tax, interest, depreciation and amortization (EBITDA) in 2024 has declined by 41% over the past 12 months, and the agreed forecast for net profit before interest and tax (EBIT) has declined by 46%. Next, as “negative expectations are gradually revised,” it may boost stock prices to a certain extent.

Gengaro is also particularly optimistic about Tesla's core technical advantages and believes that the company has no competitors in the field of electric vehicles:

“Traditional car manufacturers don't have the technical knowledge required for electric cars; they are far behind in this electrification game.”

“And they don't have CEOs like Musk.”

According to Gengaro, Tesla is not so much an electric vehicle company as it is a technology company equal to Apple, Amazon, and Microsoft. It also benefits from the AI wave and has long-term growth prospects (2025 to 2027).

I'm afraid “half of the country” of the US market will not be guaranteed

Since this year, it has become an indisputable fact that Tesla's sales have continued to slow down. As delivery data for the new season is about to be released, Tesla may even lose “half of the country” of the US market.

Since the launch of the Model 3 in 2018, Tesla's sales have occupied more than half of the US tram market share, but this advantage is being overtaken.

According to the latest data from automotive industry data provider Marklines, in the 12 months up to May, Tesla sold about 618,000 units in the US, while the total sales volume of pure electric vehicles of other brands reached about 59.7 units, which is extremely close.

Judging from delivery data for the first quarter, Tesla's sales in the US fell 13% year over year, while sales of Hyundai and Kia soared 56% and 86%.

This means that delivery data for the second quarter might not look very good either. According to FactSet data, analysts currently expect Tesla to deliver 436,000 vehicles globally in the second quarter, down 6.5% from 466,000 last year.

Since this year, Tesla's stock price has fallen by more than 20%.

Editor/Jeffrey