BUZZ-Street View: Tesla's new models to revive mojo, but questions linger

Reuters04-24

** Tesla said it plans to introduce "new models" by early 2025 using its current platforms and production lines

** But its Q1 revenue fell as its handed over fewer EVs due to slowing demand and intense competition worldwide

** TSLA shares jump ~12% to $162.60 premarket

ALL EYES ON NEW LAUNCH ANNOUNCEMENT

** Goldman Sachs ("neutral," PT: $175) says Tesla's decision to launch new models using elements of the low-cost platform, but on existing lines to save costs, should help to mitigate intermediate to longer-term growth concerns

** Morgan Stanley ("overweight," PT: $310) says Tesla should continue to introduce competitively priced products to maintain utilization and support cash flow

** Jefferies ("hold," PT: $165) says plans to start making more-affordable models by early 2025 raises the risk of compromises on product to accelerate launches

** Brokerage also notes that despite its commitment to robotaxis, Tesla is yet to clarify its timeline and business model

** Daiwa Capital Markets ("neutral") expects Tesla's long-term emphasis to remain on robotaxi development and expansion into ride-hailing services

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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