Deep Dive
Why did Goldman Sachs maintain a 'neutral' rating on Tesla's stock?
Goldman Sachs maintained a 'neutral' rating due to Tesla's lower-than-expected delivery numbers in Q4 2024, concerns over future growth, and challenges in the automotive sector, including slowing demand, increased competition, and declining profitability.
What were Tesla's delivery figures for Q4 2024 and how did they compare to expectations?
Tesla delivered approximately 496,000 vehicles in Q4 2024, which was below the market's expected range of 500,000 to 510,000 vehicles and did not meet the company's full-year delivery growth target for 2024.
How did Tesla's performance vary across different regions in Q4 2024?
In Q4 2024, Tesla's European market saw a double-digit year-over-year decline, the Chinese market experienced mid-to-high single-digit growth, and the U.S. market had a slight year-over-year decrease, partially offset by growth in Cybertruck sales.
What are the key factors influencing Tesla's future growth prospects?
Key factors include the potential impact of IRA incentives in the U.S., the update and rollout of new models like the Model Y, the development of low-cost vehicles, advancements in Full Self-Driving (FSD) technology, and progress in energy storage and Optimus robotics.
What adjustments did Goldman Sachs make to Tesla's financial forecasts for 2024 and 2025?
Goldman Sachs lowered Tesla's delivery expectations for 2024 and 2025 to 1.79 million and 2.01 million vehicles, respectively, and reduced the EPS forecasts to $2.00 for 2024 and $2.80 for 2025, while maintaining a 12-month target price of $345.
- 2024年第四季度特斯拉交付量约49.6万辆，低于预期
- 欧洲市场交付量同比下降，中国市场增长强劲，美国市场小幅下降
- 高盛下调了2025年的交付量和每股收益预期，维持中性评级
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近期特斯拉年交付量数据不及预期，股价经历了波动，华尔街分析师意见分歧较大。
高盛于2025年1月2日发布的报告分析了特斯拉公司2024年第四季度业绩，特别是交付量低于预期的情况。报告指出欧洲市场交付量同比下降，而中国市场增长强劲，美国市场则小幅下降。
报告还关注特斯拉未来增长潜力，特别是新款车型、全自动驾驶技术（FSD）和擎天柱机器人（Optimus）的进展，并下调了2025年的交付量和每股收益预期，维持对特斯拉股票的中性评级。
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