Bernstein analyst Toni Sacconaghi said that given that Tesla is not currently developing a car priced at $25,000 or less, the investment significance of self-driving/full-autonomous driving for Tesla “can be said. more important than ever,” with an underperform rating on Tesla (TSLA.O) and a $300 price target.
The analyst believes that Tesla “will not be the first company to commercialize a ride-hailing network” and that the delivery time for full self-driving may be longer than Tesla expects. He added that industry executives/experts believe that L5 fully autonomous driving is very unlikely in the next few years. In addition, the regulatory hurdles facing fully autonomous driving are very high.
Musk, who said last month it was looking for a new factory location, said he expected to see an average annual growth rate of 50 percent in vehicle deliveries over the next few years. With sufficient funds to support the company’s product roadmap and long-term capacity expansion plans and other expenses, plans to increase production capacity as soon as possible. In addition, fully autonomous driving will be achieved this year.
It is reported that the total revenue of Tesla Motors in the fourth quarter was 17.719 billion US dollars, an increase of 65% compared with 10.744 billion US dollars in the same period last year; net profit was 2.343 billion US dollars, compared with 296 million US dollars in the same period last year; attributable to Net income for common stockholders was $2.321 billion, up 760% from $270 million a year earlier.