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.
在第二季度财务业绩公布之前，特斯拉公司（纳斯达克股票代码：TSLA）的一位分析师表示，投资者关注的不是收益，而是周二报告发布后的下一步收益。
特斯拉分析师：古根海姆分析师罗纳德·杰西科重申了对特斯拉的卖出评级和134美元的目标股价。
分析师要点：杰西科说，投资者将关注特斯拉的下一步发展，而不是过去的收益。
另请阅读：独家：特斯拉 “首先是埃隆·马斯克和一个科技故事，最后是电动汽车的故事” ——市场策略师解释了为什么要买入该股
这位分析师表示，特斯拉将机器人出租车活动从8月8日推迟将是投资者的首要考虑。
Jewsikow说：“由于计划中的8月8日活动现已正式推迟，投资者将在新的时间表上寻找色彩，在活动中会发生什么，以及有关延期的更多细节。”
报告称，Robotaxi活动的延迟导致投资者认为该细分市场的可操作性较差。
这位分析师表示，2024年的交易量指引也可能是收益报告中值得关注的关键项目。
“我们认为销量同比增长的指导是不现实的，但我们认为首席执行官埃隆·马斯克没有像他的预测那样表示销量负增长。”
这位分析师表示，中国和该国的市场份额也可能成为收益报告的重点。
“TSLA如何在中国凭借如此多价格具有竞争力的产品恢复增长？”
分析师预计，由于 “大规模折扣行动”，特斯拉的每股收益将超过预期，汽车毛利率（不计贷项）。
在预测特斯拉的目标股价时，Jewsikow目前不重视机器人出租车、机器人、人工智能或保险。
特斯拉价格走势：特斯拉股价周二下跌1％，至249.25美元，而52周的交易区间为138.80美元至278.98美元。如下面的Benzinga Pro图表所示，特斯拉股价在过去一个月中上涨了30％以上，今年迄今已上涨0.3％。
