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Elon Musk left the analytical community in perplexity. the cost and the analysts who assessed the results had to say: They do not believe it.
While demand has shown impressive returns during this quarter, and the company monitors strong third-quarter orders, we continue to believe that the repetition of 360,000 to 400,000 unit guidelines for the whole of 201
9 is the head, as pure mathematics and the trajectory of demand makes this Everest struggle more difficult, "Vedbush's analyst Daniel Ives summed up this on Thursday.
Under his new financial manager, Telsa
seemed to be away from the aggressive predictions that had caught him in the past in the shareholder's letter issued late on Wednesday. The letter
which is far shorter than usual, says the company "simplifies its approach to the guidelines," as reported by Jeremy Owens of MarketWatch.
But at a later conference call with analysts, Musk immediately retaken the specific department leadership and said the company expects to be indiscriminate in that quarter and win in the next.
See also: Tesla's spare tanks after the company's biggest three-month loss, sales
– in the second quarter of the second quarter (2019 = ~ 339 thousand) said Rack analyst Joseph Spack. "As a result, we do not believe that revenue in the next two quarters will increase either from the second quarter or from year to year. In fact, we do not see a return of revenue to levels from the second quarter to the third quarter of 2020. So growth is likely to be in a pause and we do not believe the estimate reflects this, "the analyst writes, his underperformance for the stock and the price of the price from $ 190, which is below its current level
In Needham, analyst Rajvindra Gill is also skeptical about the guidelines.
"We are cautious about Tesla's ability to meet these goals, as the ramp requires a significant snapback in the second half," the analyst wrote in a note. "We retain our low rating due to low margins at the structural level, acceleration of competition and lack of sustainable profitability. Tesla shares reflect pessimism, 14 percent on Thursday, to mark its biggest decline since November 2013. The company reported a loss of $ 408 million, or $ 2.31 per share for the quarter, compared to the loss of $ 718 million, or $ 4.22 per share, in the previous quarter. Sales have risen to $ 6.3 billion compared to $ 4 billion a year ago. Regulated for one-off positions, Tesla lost $ 1.12 per share, compared with a loss of $ 3.06 per share a year ago. billion. The news was particularly disappointing after sales in the second quarter earlier this month exceeded Wall Street's forecasts and set a record.
Wedbush's Ives cut his price target to $ 220 from $ 230 and kept a neutral share rating.
While demand has shown impressive returns over the quarter, and the company has seen strong third-quarter orders, we continue to believe that the repetition of 360k to 400k units for the whole of 2019 is the head, as pure math and the search trajectory make this Everest battle.
Daniel Ives, analyst, Wedbush
"Tesla took a step in the right direction with a strong delivery figure for Model 3 success, but the soft gross margin profile would be a blow to the bulls who are hoping for much needed good news on this front," he wrote in
But not all the houses wanted to give Musk the benefit of doubt. Ben Cala of Baird, a long-time bull, reiterated his superior share price and $ 355 price tag.
"Cash flow ($ 5B) and money generation ($ 614M) are extremely favorable, must support future investment for growth, "wrote Kalo in a note. "Investors can focus on GAAP soft earnings and the bottom line, though the results are negatively impacted by loan time (automatic increase in gross profit of 200bps without loans) and other impacts on restructuring / exchange." a different look at the news of the transition of JB Straubel's chief technology officer to the role of senior advisor, the news that surprises investors and comes after a series of high-level deviations.
"We think the continuity plan is favorable, although Mr Stublel's contribution will be missed," Kalo writes.
Alexander Potter by Piper Jafreee said that Stubel was "probably the second most important person in Tesla," and although he retains the status of "counselor," his departure is still likely to annoy investors. He did not offer any explanation, but his friendly mood did not suggest dissatisfaction of any kind. , confirming its overweight on the stock exchange and describing the predicted indicators as "all the trends in the right direction".
Tesla's shares fell 20.4 percent in 2019, while the S & P 500
earned 20.5% and Dow Jones Industrial Average
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