According to a report published by UBS, Tesla delivered 0.4956 million vehicles in the fourth quarter of last year, up 2% and 7% from year to quarter, respectively. This is a quarterly high, but it falls short of market expectations. According to the bank's conversation with investors, the seller expected 0.5 million to 0.51 million vehicles, but it was close to the lower end of the range at the end of the year. Furthermore, the company's production volume for the fourth quarter of the fiscal year ended was 0.4594 million vehicles, down 7% and 2% from year to quarter, respectively. Production volume lagged behind delivery volume of about 0.036 million vehicles, leading to a decline in inventory. The bank rated the company as “sale and sale”, with a target price of $226.
According to the bank, the market's immediate focus will shift to the results at the end of this month. The bank believes that due to topics surrounding the company's artificial intelligence, the performance conference may be dominated by co-founder Musk's comments, stock performance will be more influenced by his remarks, while the focus on data will be relatively reduced. However, the bank also anticipated that the company would give guidance on some deliveries in 2025, saying that Musk has indicated a 20% to 30% increase in units. The bank believes that the slowdown in deliveries, combined with the removal of tax incentives for electric vehicles in the US, may reduce the probability of investors expecting a 20 to 30% increase.
