l******r
发帖数: 4021 | 1 Tesla Motors Inc (TSLA) PT Raised By Wedbush After Facility Tour
by Michelle JonesSeptember 25, 2013
Wedbush analysts hosted an investor tour of Tesla Motors Inc (TSLA)抯 manufa
cturing facility and were pleased with what they found.
Debate continues on whether Tesla Motors Inc (NASDAQ:TSLA) will be able to l
ive up to the high expectations investors now have for it. But the company i
s starting to convince some analysts, like those at Wedbush, who hosted an i
nvestor tour of the automaker抯 manufacturing facility this week. However, t
hey still want to see more before they become comfortable enough to rate the
stock as a Buy or better.
Tesla Motors
Wedbush still Neutral on Tesla
Analysts Craig Irwin and Min Xu issued a report with their findings from the
tour of the facility in Fremont, Calif. They remain Neutral on the company
but have increased their price target from $150 a share to $180 per share. T
hey said they are 搃ncreasingly convincedthat Tesla Motors Inc (NASDAQ:TSL
A) will meet or exceed investor expectations 搃n both the near and intermedi
ate future.br />
Tesla抯 production line could be improved even further
They said currently the automaker抯 manufacturing line is producing vehicles
揳t an impressive rate,and they believe that the company could even flex
up production further over the 500 vehicles per week rate which the company
is seeing as it exits the third quarter of the year. They believe that the p
art of the line where the trim and final assembly of the vehicle is done is
搕he limiting factorfor the company抯 production capacity. The analysts su
ggest that Tesla Motors Inc (NASDAQ:TSLA) might be able to streamline that p
rocess to improve its production capacity even further.
The analysts also said every part of production for the Model S is 搈eticulo
usly planned,including the roadmap for 25 percent gross margins, which the
company is aiming for by the end of this year. They say one example is how
the company increased its gross margins from 5 percent in the first quarter
to 13 percent in the second quarter. They note that the sequential jump in g
ross margins was brought about by the release of about 500 temporary workers
who had been budged for under the ramp of the Model S.
Tesla抯 suppliers appear to be playing a key role
The analysts also believe that Tesla Motors Inc (NASDAQ:TSLA)抯 suppliers ar
e providing it with price concessions which will contribute about 200 to 300
basis points to gross margins by the end of this year. They said that these
concessions are likely due not only to the suppliersown cost-out executio
n but also their increasing expectations for Tesla抯 future.
They also said Tesla management didn抰 refute their checks which suggest tha
t they had qualified Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) t
o supply battery sells. They believe improving battery costs due to better c
ell pricing plus tailwinds from currency could support upside for Tesla Moto
rs Inc (NASDAQ:TSLA).
Tesla抯 valuation based on 2017
The Wedbush analysts said their target is based on 30 times Tesla抯 estimate
d 2017 earnings per share of $7.55, compared to their multiple of 25 previou
sly. They discounted back four years using a 6 percent discount rate. They b
elieve valuing Tesla on its 2017 estimates is the right thing to do because
that is the first year its Generation III mass market vehicle is expected to
scale. They also said a multiple of 30 seems fair because the company is st
ill in 揼rowth mode,which leaves room for the company to keep penetrating
markets and diversifying its vehicle line to push earnings higher and higher
.
They see a number of big positives in the company抯 path to reducing the cos
t of batteries over the long term and also the target costs for the Generati
on III vehicle. However, they say these positives are counterbalanced by rem
aining uncertainty in sales volumes. The analysts said before they take 揳 m
ore constructive viewon Tesla Motors Inc (NASDAQ:TSLA), they want to have
more confidence in the rate of the company抯 market penetration behind early
adopters. |
l******r
发帖数: 4021 | 2 看来，Tsla埋伏了很多的伏笔。年底过200＋毫无压力。
manufa
l
i
i
t
the
【在 l******r 的大作中提到】
: Tesla Motors Inc (TSLA) PT Raised By Wedbush After Facility Tour
: by Michelle JonesSeptember 25, 2013
: Wedbush analysts hosted an investor tour of Tesla Motors Inc (TSLA)抯 manufa
: cturing facility and were pleased with what they found.
: Debate continues on whether Tesla Motors Inc (NASDAQ:TSLA) will be able to l
: ive up to the high expectations investors now have for it. But the company i
: s starting to convince some analysts, like those at Wedbush, who hosted an i
: nvestor tour of the automaker抯 manufacturing facility this week. However, t
: hey still want to see more before they become comfortable enough to rate the
: stock as a Buy or better.
|
I***e
发帖数: 1136 | 3 Analysts are trying very hard to justify the current price.
Last time I check, we are still in 2013 :) Now they are using 30x 2017
earning?! How imaginative!
That said, TSLA seems to have the bulls behind it, so shorting is not
suggested until price cracks. |
J*********B
发帖数: 822 | 4 快到头了。
manufa
l
i
i
t
the
【在 l******r 的大作中提到】
: Tesla Motors Inc (TSLA) PT Raised By Wedbush After Facility Tour
: by Michelle JonesSeptember 25, 2013
: Wedbush analysts hosted an investor tour of Tesla Motors Inc (TSLA)抯 manufa
: cturing facility and were pleased with what they found.
: Debate continues on whether Tesla Motors Inc (NASDAQ:TSLA) will be able to l
: ive up to the high expectations investors now have for it. But the company i
: s starting to convince some analysts, like those at Wedbush, who hosted an i
: nvestor tour of the automaker抯 manufacturing facility this week. However, t
: hey still want to see more before they become comfortable enough to rate the
: stock as a Buy or better.
|
y***l
发帖数: 6963 | 5 shorted 10 shares at 185.5 yesterday
manufa
l
i
i
t
the
【在 l******r 的大作中提到】
: Tesla Motors Inc (TSLA) PT Raised By Wedbush After Facility Tour
: by Michelle JonesSeptember 25, 2013
: Wedbush analysts hosted an investor tour of Tesla Motors Inc (TSLA)抯 manufa
: cturing facility and were pleased with what they found.
: Debate continues on whether Tesla Motors Inc (NASDAQ:TSLA) will be able to l
: ive up to the high expectations investors now have for it. But the company i
: s starting to convince some analysts, like those at Wedbush, who hosted an i
: nvestor tour of the automaker抯 manufacturing facility this week. However, t
: hey still want to see more before they become comfortable enough to rate the
: stock as a Buy or better.
|
l******r
发帖数: 4021 | 6 俺觉得tsla的股价在短期内还要上涨。目前tsla只有2B左右的mkt cap，很容易被hosti
le takeover。
【在 I***e 的大作中提到】
: Analysts are trying very hard to justify the current price.
: Last time I check, we are still in 2013 :) Now they are using 30x 2017
: earning?! How imaginative!
: That said, TSLA seems to have the bulls behind it, so shorting is not
: suggested until price cracks.
|
l******r
发帖数: 4021 | 7 呵呵。这就跟若干年前的苹果一样，在人们的怀疑中成涨。
【在 J*********B 的大作中提到】
: 快到头了。
:
: manufa
: l
: i
: i
: t
: the
|
I***e
发帖数: 1136 | 8 TSLA is 22.5 B already... you missed by 10 times.
hosti
【在 l******r 的大作中提到】
: 俺觉得tsla的股价在短期内还要上涨。目前tsla只有2B左右的mkt cap，很容易被hosti
: le takeover。
|
l******r
发帖数: 4021 | 9 sorry，22.5 B.只有FB的1/6左右。
【在 I***e 的大作中提到】
: TSLA is 22.5 B already... you missed by 10 times.
:
: hosti
|
y***l
发帖数: 6963 | 10 一个汽车公司pe 15
降到1一下比较合适
short之
【在 l******r 的大作中提到】
: sorry，22.5 B.只有FB的1/6左右。
|
I***e
发帖数: 1136 | 11 Nice logic.
【在 l******r 的大作中提到】
: sorry，22.5 B.只有FB的1/6左右。
|
l******r
发帖数: 4021 | 12 瞧瞧FB，PE为223.80。
【在 y***l 的大作中提到】
: 一个汽车公司pe 15
: 降到1一下比较合适
: short之
|
l******r
发帖数: 4021 | 13 哈哈哈哈。这是俺看错了数据，自我解嘲一下。
【在 I***e 的大作中提到】
: Nice logic.
|
