This week, Taipei time Thursday (28th) Tesla (TSLA-US) The financial report will be announced, and the market is generally optimistic that the financial report will perform well.
Oppenheimer analyst Colin Rusch is optimistic about the steady growth of Tesla’s delivery volume. In the latest report, Colin Rusch set Tesla’s target price from 486 per share. USDUp to 1036 USD, And continue to give a “buy” rating.
Looking ahead to the Q4 Tesla earnings report, there are three major highlights:
- Under the epidemic, although the global economy has been hit hard, Tesla still expects to complete the goal of delivering 500,000 vehicles annually, and the number of vehicles delivered will maintain rapid growth.
- The market predicts that Tesla’s annual net profit growth rate is expected to increase by 696.1% under the GAAP calculation basis.
- In addition to the high growth in vehicle delivery, Tesla’s fully automated driving (FSD) function is expected to be launched in 2021. Subscription system is expected to be launched. Unlike buying out the FSD system, the subscription system has a lower payment threshold and can also attract more customers. Wait and see car owners experience the latest features of FSD.
1. Tesla’s annual delivery of 500,000 vehicles is almost no suspense:
In 2020, the global auto market will be hit hard by the epidemic. According to data from IHS Markit, global auto sales in 2020 will be about 76.5 million units, which is a 15.3% annual growth rate.
But on the other hand, Tesla continues to perform well in the electric vehicle market. Previously, Tesla has taken the lead in announcing that the number of vehicles delivered in Q4 reached 180,600, an annual growth rate of 61%. The car is expected to reach the goal of 500,000 vehicles.
2. Tesla’s profits are expected to surge:
According to Bloomberg statistics, Wall Street analysts expect that on the basis of GAAP calculations, the market expects Tesla’s Q4 revenue last year to reach 10.53 billionUSD, The annual growth rate is 42.6%; EPS is estimated to reach 1.04 per share USD, The estimated annual growth rate of 79.3%, and is expected to write a profit record for six consecutive quarters.
With the assistance of Tesla’s China factory, the market expects that Tesla’s overall production efficiency will continue to maintain high growth. The Chinese factory will continue to help the cost of car production decline, which will also help Tesla further expand its profitability.
Regarding the delivery capacity in 2021, the market expects that Tesla’s production capacity is expected to reach 1 million vehicles in 2021, and the delivery volume financial estimates announced in this week’s financial report may be between 850,000 and 900,000 vehicles.
3. FSD subscription system:
A major selling point of Tesla has always been the fully automated driving system (FSD). In the past, FSD system sales were only sold under a buyout system. However, Tesla has previously announced that FSD may launch a monthly subscription service to reduce Entry barriers so that more car owners can enjoy the system.
Previously, Musk only said that it may fall in the “early 2021” schedule for the launch of the FSD subscription system, and did not confirm whether it will be launched in Q1, so it has become a major highlight of Tesla’s earnings this week.
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