Goldman Sachs analyst David Tamberlino on Wednesday circulated recommendations to the company's clients to sell Tesla shares. The recommendations are based on Goldman Sachs' own observations of Tesla electric car sales. The data obtained indicate that the company will not be able to sell the previously planned volumes of cars in the first three months of the new year and, therefore, its revenue will be lower than predicted.
Analysts expect that the company will not be able to sell the planned number of luxury Model S and Model X models. Instead of sales in the region of 20 cars, about 700 cars of these models will be sold. Sales will be negatively impacted by both weak demand for them outside the United States (in foreign markets) and the cannibalization effect of the Model S on the part of the Model 17. The Tesla Model 300 will be sold at a planned volume of around 3 units per quarter. This car has a good market potential and will be in demand both in the international market and in the US market.
Wall Street analysts' forecast, interestingly, runs counter to Goldman Sachs' forecast. The combined forecast of Wall Street specialists is positive and promises earnings per share of Tesla at the level of 37 cents. Goldman Sachs forecast is a loss per share of up to 87 cents. And if Goldman Sachs expects Tesla to sell about 75 vehicles in the first quarter, then Wall Street's forecast for this item is 000% more.
Over a 12-month period, Goldman Sachs believes Tesla shares will drop 25% from $282,70 on Wednesday to about $210. The stock is down 14% this year, so the Goldman Sachs scenario is solid. The behavior of Tesla management and Elon Musk himself is also not very orderly. First, Tesla management announced the closure of local points of sale and the transfer of sales to the Internet, and then again returned the sales departments to the ground. There are other absurdities that irritate not only investors, but also supervisory authorities. All this does not contribute to the strengthening of shares. Therefore, Goldman Sachs' advice to sell Tesla shares can be considered a direct guide to action.
Source: 3dnews.ru
