Elon Musk 'Asleep At The Wheel:' Analyst Lists 4 Factors That Can End Tesla Investors' Nightmare
Elon Musk 'Asleep At The Wheel:' Analyst Lists 4 Factors That Can End Tesla Investors' Nightmare
The $Tesla (TSLA.US)$ sell-off continues with no end in sight. There could be more negative news down the line, according to Wedbush analyst Daniel Ives.
这个$特斯拉 (TSLA.US)$抛售仍在继续，看不到结束的迹象。韦德布什分析师表示，未来可能会有更多负面消息Daniel·艾夫斯。
The Tesla Analyst: Ives maintained his Outperform rating on Tesla shares but reduced the price target from $250 to $175.
特斯拉分析师：艾夫斯维持了对特斯拉股票的强于大盘的评级，但将目标价从250美元下调至175美元。
The Tesla Thesis: Tesla will likely miss the reduced Street estimates for the fourth quarter, Ives said, citing higher inventory levels, the recent price cuts and overall production slowdowns in China.
特斯拉的主题是：艾夫斯表示，特斯拉可能会达不到华尔街对第四季度下调的预期，理由是库存水平上升、最近的降价以及中国的整体生产放缓。
The analyst lowered his fourth-quarter delivery estimates from 450,000 units to a range of 410,000-415,000 units, below the Street estimate of 435,000 units. After the "Cinderella demand story environment" since 2018, Tesla is facing serious macro and company-specific EV competitive headwinds into 2023, he noted.
这位分析师将第四季度的交付预期从45万套下调至41万-41.5万套，低于华尔街预测的43.5万套。他指出，在2018年以来的“灰姑娘需求故事环境”之后，特斯拉在2023年面临着严重的宏观和特定于公司的电动汽车竞争逆风。
Ives also lowered his fourth quarter and 2023 estimates in anticipation of a softer demand trajectory.
艾夫斯还下调了他对第四季度和2023年的预期，因为他预计需求轨迹会变得更加疲软。
Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm."
- the analyst said.
从特斯拉的领导力角度来看，在投资者需要一位首席执行官来驾驭这场5类风暴之际，马斯克被视为在方向盘上沉睡。
-这位分析师说。
The billionaire, instead, is focused on Twitter — a nightmare that never ends for investors — Ives said. Investors hope a new CEO is picked in the coming weeks as a step forward, added Ives.
相反，这位亿万富翁专注于Twitter--这对投资者来说是一场永无止境的噩梦--艾夫斯说。投资者希望在未来几周选出一位新的首席执行官，作为向前迈出的一步，艾夫斯补充道。
Musk's stock sales despite his assertion that he is done with it, his political firestorm on Twitter and brand deterioration for Musk and Tesla have proved to be a complete debacle for the stock, the analyst said.
这位分析师表示，尽管马斯克断言他已经结束了，但他的股票抛售，他在Twitter上的政治风暴，以及马斯克和特斯拉的品牌恶化，都被证明是该股的彻底崩溃。
Looking into 2023, despite the Musk/Twitter circus and softer demand trends, Tesla still has potentially $5-$6 of earnings power and the ability to achieve 40%+ delivery growth in a brutal environment, Ives said. Since long-term electric vehicle demand is likely to meaningfully accelerate over the coming years, Tesla's transformational story remains intact, he added.
艾夫斯表示，展望2023年，尽管马斯克/推特的马戏团和需求趋势疲软，特斯拉仍有可能实现5-6美元的盈利能力，并有能力在残酷的环境中实现40%以上的交付增长。他补充说，由于电动汽车的长期需求可能在未来几年大幅加速，特斯拉的转型故事保持不变。
We believe if Musk refocuses back on Tesla, truly stops selling stock (walk the walk, not just talk the talk), the Board initiates a buyback, and 2023 guidance is set conservative on its 4Q call in January then this stock has bottomed in our opinion and works from here."
- Wedbush said.
我们相信，如果马斯克重新专注于特斯拉，真正停止出售股票(身体力行，而不仅仅是空谈)，董事会启动回购，2023年的指导方针在1月份的第四季度电话会议上被设定为保守的，那么在我们看来，这只股票已经触底，从现在开始工作。
--韦德布什说。
Price Action: Tesla closed Thursday's session 8.88% lower at $125.35.
价格行动：特斯拉周四收盘时下跌8.88%，至125.35美元。