** 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))
Comments