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.
這個$特斯拉 (TSLA.US)$拋售仍在繼續，看不到結束的跡象。韋德布什分析師表示，未來可能會有更多負面消息Daniel·艾夫斯。
The Tesla Analyst: Ives maintained his Outperform rating on Tesla shares but reduced the price target from $250 to $175.
特斯拉分析師：艾夫斯維持了對特斯拉股票的強於大盤的評級，但將目標價從250美元下調至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.
特斯拉的主題是：艾夫斯表示，特斯拉可能會達不到華爾街對第四季度下調的預期，理由是庫存水準上升、最近的降價以及中國的整體生產放緩。
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.
這位分析師將第四季度的交付預期從45萬套下調至41萬-41.5萬套，低於華爾街預測的43.5萬套。他指出，在2018年以來的“灰姑娘需求故事環境”之後，特斯拉在2023年面臨著嚴重的宏觀和特定於公司的電動汽車競爭逆風。
Ives also lowered his fourth quarter and 2023 estimates in anticipation of a softer demand trajectory.
艾夫斯還下調了他對第四季度和2023年的預期，因為他預計需求軌跡會變得更加疲軟。
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.
從特斯拉的領導力角度來看，在投資者需要一位首席執行官來駕馭這場5類風暴之際，馬斯克被視為在方向盤上沉睡。
-這位分析師說。
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，這位億萬富翁專注於Twitter--這對投資者來說是一場永無止境的噩夢--艾夫斯說。投資者希望在未來幾周選出一位新的首席執行官，作為向前邁出的一步，艾夫斯補充道。
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.
這位分析師表示，儘管馬斯克斷言他已經結束了，但他的股票拋售，他在Twitter上的政治風暴，以及馬斯克和特斯拉的品牌惡化，都被證明是該股的徹底崩潰。
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，儘管馬斯克/推特的馬戲團和需求趨勢疲軟，特斯拉仍有可能實現5-6美元的盈利能力，並有能力在殘酷的環境中實現40%以上的交付增長。他補充說，由於電動汽車的長期需求可能在未來幾年大幅加速，特斯拉的轉型故事保持不變。
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.
我們相信，如果馬斯克重新專注於特斯拉，真正停止出售股票(身體力行，而不僅僅是空談)，董事會啟動回購，2023年的指導方針在1月份的第四季度電話會議上被設定為保守的，那麼在我們看來，這只股票已經觸底，從現在開始工作。
--韋德布什說。
Price Action: Tesla closed Thursday's session 8.88% lower at $125.35.
價格行動：特斯拉週四收盤時下跌8.88%，至125.35美元。