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大行評級|瑞銀:特斯拉基本面艱難崎嶇 料投資者會對次季業績作負面反應
格隆匯 07-24 14:20
瑞銀髮表報吿,指特斯拉股價因AI熱潮而上升,有投資者冀望第二季業績比預期的憂慮要好,但現實為當前業務可能使人認清事實,認為其基本面艱難崎嶇。在營業利潤和每股盈利上與市場預期相比,或存在一些雜音,但該行並不相信市場已經反映特斯拉重組造成的影響。瑞銀強調,特斯拉以支付成本推動銷量,汽車毛利率僅為14.6%,並會在本季繼續進行計劃,毛利率按季並沒有提升。特斯拉次季汽車監管信貸高達8.9億美元創紀錄,按年及按季均急升,並佔次季經營溢利約55%,以及自由現金流約66%。瑞銀料投資者會對特斯拉次季業績作負面反應,評級“沽售”,目標價為197美元。
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