Jinwu Financial InformationMorgan StanleyAccording to the research report,Tesla(TSLA) delivered about 3% less vehicles in the fourth quarter than market expectations. Although the group ultimately failed to achieve its "slight growth" target for fiscal year 2024, the delivery of 495,600 vehicles during the quarter has set a company record and is more than 10,000 vehicles higher than the same period in 2023. In addition, the bank mentioned that since Tesla's delivery volume in the fourth quarter was 36,000 vehicles higher than the production volume, the number of inventory days was reduced by 6 to 7 days. The bank believes that Tesla's worse-than-expected performance reflects the relative aging of its products, and the rise in global supply of lower-priced competitive products before the group launches a cheaper new model (Juniper) in early to mid-2025, which is enough to offset pre-orders and The power of promotions. Morgan Stanley gave it an "overweight" rating and a target price of $400.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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