TeslaIt is scheduled to release the first quarter financial report of 2022 after the U.S. stock market closes on April 20th. On the eve of the financial report,Credit Suisse(Credit Suisse)AnalystDan Levy willTeslaPrice target pulls up $100 in one fell swoop, citing bullishnessTeslaGive up your eyes againResults。
According to Barrons, Levy recently issuedResearch Report, giving Tesla a "Buy" rating, a target price of $1,125, and setting an optimistic performance target. Tesla's earnings per share in the first quarter can reach $2.54, higher than the Wall Street consensus estimate of $2.27.
The report pointed out that Tesla is likely to accomplish Levy's goal. In the fourth quarter of 2021, Tesla posted a surplus of $2.54 per share and delivered approximately 309,000 vehicles worldwide, compared to 310,000 vehicles in the first quarter, which is expected to drive further profit improvement. However, the recent surge in raw material prices, coupled with the shutdown of the Shanghai factory caused by China's "zero clearing", may be variables affecting Tesla's profit performance.
"Margins remain a key focus amid high costs," Levy wrote, "Any comments from Tesla that margins are at risk, could trigger a decline in the stock price," Levy lowered Tesla's full-year 2022 earnings per share estimate from $13 to $11.47.
According to Refinitiv data, Wall Street analysts on average expected Tesla's first-quarter revenue to reach $17.8 billion, an increase of more than 70% from the same period last year, but roughly the same as the previous quarter.
On April 18,SHANGHAISome key enterprises are allowed to resume work, including Tesla Shanghai Gigafactory, but they must adopt "closed production". All employees are not allowed to go out after entering the closed factory, and must work and live in the factory.
Deutsche BankEmmanuel Rosner, an analyst at (Deutsche Bank), released a report saying that the strict closed-loop management of Tesla's Shanghai factory is estimated to be implemented until at least May 1st, but it may be adjusted on a rolling basis according to local regulations.
(Article source: Shilun.com)
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