Last week, Daniel Ives, an analyst at Wedbush, a US investment bank, maintained a "outperforming" rating on Tesla's stock and raised his target price from $400 to $515.
This long-term "big boss" of Tesla also told customers that by the end of 2025, Tesla's stock price can reach $650 under the most optimistic expectation, and the company's total market value will exceed $2 trillion. As of Tuesday's closing of the US stock market, Tesla was reported at $462.28 per share.
Ives explained at the time that the policy shift brought about by US President elect Trump's second term would change the rules of the game, and for Tesla, the company's autonomous driving and artificial intelligence businesses would have a better operating environment.
However, analysts from Deutsche Bank were not as optimistic in their report. Edison Yu and Winnie Dong told clients that Tesla may not be able to achieve its full year delivery growth target as it will be difficult to reach the delivery volume of 515000 vehicles in the fourth quarter.
Tesla had estimated that the delivery volume for the full year of 2024 would "slightly increase", surpassing the 1.81 million vehicles in 2023; Given its performance in the first three quarters of this year, Tesla needs to deliver at least 514925 vehicles in the fourth quarter of this year to achieve this target, compared to 484507 vehicles in the fourth quarter of last year.
Deutsche Bank analysts said that some institutions expect sales to be between 510000 and 511000, and "based on data so far this quarter, the number seems to be closer to 500000 vehicles." The report also mentioned that the Chinese market will contribute the largest part, nearly 210000 vehicles, about 150000 vehicles in the United States, and about 84000 vehicles in Europe.
Deutsche Bank also praised some of Tesla's advantages, with analysts citing third quarter data showing that Tesla Model Y, Model 3, and Cybertruck are the best-selling models in the United States.
In addition, Tesla has a higher proportion of "loan/cash transactions", and other models are mostly leased, which may mean that consumers prefer the Tesla brand more. But looking ahead, Tesla's electric vehicle business in the United States may face multiple headwinds.
Previously, Trump's transition team called for the cancellation of the $7500 tax credit provided by the Biden administration for consumers to purchase electric vehicles, which could have a negative impact on the production and sales of electric vehicles in the United States.
Although Musk claims that this is a "good thing" - it may bankrupt his competitors, there are also those who are skeptical about whether this electric car leader can truly profit from it.
In addition, the interest rates for new car loans in the United States are still at a 20-year high and are expected to remain at a high level next year, which also adds sustained resistance to car sales.