저자: DanIves · 외국인
요약 보기
테슬라 슈퍼차저 네트워크의 타 완성차 개방으로 2030년 $10~20B(매출 3~6%) 수익화 가능, 2Q 인도량 466k(컨센서스 447k) 상회. 가격 인하 영향은 미주 중심이며 마진은 1~2분기 저점 후 회복 전망. Ives 목표주가 $350(당시 약 $250). 기술주 전반은 하반기 강세 전환 예상.
다듬은 글
the percent of overall EVs that ultimately are going to be using the charging stations what they're going to be charging per kilowatt hour and then the important things guys that you know most of the bears will say well today everyone just charges at home or they charge at their office the percentage of all EVs that will eventually use charging stations the amount of money they will charge per kilowatt hour and the crucial details you know most bears respond well right now everyone just charges at home or at their office better than anticipated.
I think that sums up Tesla and its stock the best. Dan Ies, a Wedbush analyst, is correct about it. Furthermore, he thinks the EV leader has more room to grow following its most recent optimistic Q2 delivery figures. To put things in perspective, Tesla announced record-breaking second quarter deliveries of 466,000, exceeding the consensus expectation of 447,000 from Wall Street.
Ives claimed that the quarter's increased production of 479,000 was proof of better capacity and a healthier macro. In a research note, it also examines how many people will use these charging stations in the future. They will be the only game in town when you look at it right now. GM, Ford and other companies are moving toward Tesla because of this and I believe that superchargers will come first followed by batteries and finally FSD and AI.
Ives discusses a services related thesis that is comparable to apples. Musk's monetization is still in its infancy. he continued. The numbers should put the bears back into hibernation mode and are proof to refute the narrative of a murky backdrop. Dan Ies is a Tesla bull and this is no secret. The announcement of Tesla's collaboration with Ford and GM was highly received as you are all aware.
Indeed, a few days ago, Tesla's stock jumped 4% to $244, setting a new 8-month high after the company revealed that it will expand its network of superchargers to include General Motors electric vehicles. This announcement followed one for Ford EVs. In a recent note to clients, Wedbush analyst Dan Ives increased his price objective for Tesla by 4% to $300, stating that this provides a significant monetization opportunity for the company.
In terms of Tesla, where Elon Musk has obviously chosen to prioritize growth over profitability, where are we on the price reduction road map? Yes, and in my opinion, that was a perfect poker play and it has paid off handsomely, particularly in China. I believe that the Americas account for 95 to 96% of such cuts.
Additionally, I believe that there may have been some overreaction last week and that more investors are realizing that which is why you've undoubtedly seen a return. However, margins are currently being negatively impacted at the unit cost. I now believe that we'll hit a low during the next quarter or two before beginning to rise into the next year.
And that is the inyong they intend to attack. In the end though, it remains Tesla's realm with everyone else paying rent in terms of total EVs. And I believe that's getting more and more obvious. Ives refer to Tesla as a golden EV success story in a letter to customers. We expect more names such as Hyundai, Honda, Acura, and other large OEMs to follow suit, he continued, highlighting the expanding use of Tesla's Supercharger network.
In fact, a few did. Numerous competing automakers have given up and decided to join Tesla's broke with convention first and General Motors and Riven soon followed. In quick succession, a number of other automakers including Volvo, Polestar, Mercedes-Benz, and Nissan embrace a trend. According to a recent report from Dan Ives of Wedbush, Tesla is expected to get up to $20 billion in income from its new supercharger agreements with Ford, General Motors, and other automakers.
Notably, Tesla is also attempting to obtain its portion of the $7.5 billion in government subsidies in the United States that are intended to hasten nation's busiest roadways. The Biden administration has made it apparent that Tesla would only qualify if its network were open to other automakers. The expense of Tesla's supercharger network has been high with each connector costing a whopping $42,000.
According to a research, Tesla stations are far more affordable than competitors $100,000 to $250,000 per connector despite the ensuing financial strain. Thus, the stock has increased by 10% this week. Over a month, it has decreased by 10%. And the reason is because I'm attempting to determine the relationship between it and the NASDAQ.
This stock will be vulnerable, don't you think? If the NASDAQ keeps having problems in tech, big tech in general pulls back. Yes, of course. We still consider Tesla to be a disruptive technology firm rather than an autoplay, don't we? However, we believe that tech equities will rise sharply in the second half of the year.
In my opinion, the new IT bull market has already started. I believe that growth will surpass Street's estimates. And what we've seen with Nvidia is only the beginning of the trillion dollar tidal wave of spending that players in the tech ecosystem will see over the next several years. Without a doubt, the world's largest and most reliable supercharger network is that of Tesla.
It also attracted a lot of interest earlier this summer when it reached agreements with many OEMs to let their EVs use the infrastructure for charging beginning in spring 2024. Ives wrote in a separate letter to investors, " access and revenues from other OEMs using stations across the United States in order to dive deeper into the some of the parts valuation.
By 2030, we project that Tesla's supercharger business will account for between 3% and 6% of overall sales or $10 billion to 20 billion. According to Ies, IV stated in the note that although the supercharger network's opening to OEMs is a significant aspect of the Tesla narrative is only one aspect, suggesting that there are others.
strong production numbers, a flourishing energy company, ongoing advancements in autopilot and full self-driving research, an unparalleled battery ecosystem, an expanded production, and scale scope are all factors that contribute to Tesla's robust financial sheet. Ives added, "We think Tesla is in a great position to further benefit from the EV revolution occurring as part of the government's plan to reduce carbon emissions to zero by 2050." Ives firmly believes in Tesla.
To put it simply, he pointed to Tesla's growing capacity to generate income outside of EV sales and stated that the firm is in a huge position of strength after constructing its EV castle and is now poised to further monetize its success. According to Ives, Tesla should receive an additional $3 billion in revenue from EV consumers of Ford and General Motors.
I was pointed out that earlier this year, Tesla committed to more than tripling its existing capacity of about 5,000 Superchargers by adding 7,500 to its network by 2024. He predicts that its expansion will be accelerated by the growing number of agreements with other automakers. Since practically all of Tesla's network is powered by solar energy, the costs associated with producing electricity are minimal.
Therefore, Ives predicts that by 2030, Tesla's Supercharger network will be a $10 billion to20 billion business, representing a significant monetization opportunity and accounting for about 3% to 6% of total sales. This suggests that by the end of the decade, Tesla's global business will produce nearly $330 billion in total income, a significant rise over the $94 billion it announced for the previous 12-month period a few weeks ago.
I was recommended purchasing Tesla stock. His price target, which is among the highest on Wall Street, is $350 per share that amounted to around 73 times his projected earnings of $4.80 per share in 2024. In all, 39% of analysts who cover the firm recommend purchasing shares. It's currently experiencing its halt, pullback, or whatever you want to call that.
Do you really want these stocks to rise between 60% and 70% over the course of the year? In my opinion, they significantly overcorrected last year to start. That's our view after all. And going into 2024 and 2025, I believe that an increasing number of investors are anticipating a cycle that hasn't occurred in 30 years.
Naturally, rates are going to be a challenge as you asked the lecturer. However, when I consider software, cyber security, and chips, I see this as a beginning of a new tech bull market rather than a period in which we are hiding due to valuations. In the upcoming years, I believe these stocks will increase in value.
In a note, Ives raised his price objective for the EV manufacturer to $350, citing Elon Musk's company's proven ability to monetize important items, including as its network of superchargers and self-driving technology. Tesla is currently $100 below IV's price objective, selling at about $250 per share.
It should come as no surprise that Ives is not as optimistic about Tesla's stock as he is. Given that the company's stock has been declining since its July earnings release, primarily due to worries about declining margins and ongoing price reductions, Ives is adamant that the business is only beginning to expand, even if it is still up over 90% for the
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