{"id":21839,"date":"2019-06-20T16:07:33","date_gmt":"2019-06-20T16:07:33","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=21839"},"modified":"2019-06-20T22:07:36","modified_gmt":"2019-06-20T22:07:36","slug":"tesla-struggles","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/tesla-struggles\/","title":{"rendered":"<Tesla struggles>"},"content":{"rendered":"<p class=\"post-headline \">Goldman Sachs lowers its Tesla price target for the 4th time this year.<\/p>\n<p><!--more--><\/p>\n<p class=\"\">Tesla\u00a0shares have fallen more than 32% since the beginning of the year, and Goldman Sachs is warning things could get even worse.<\/p>\n<p class=\"\">In a note to clients Thursday, analyst David Tamberrino lowered his price target to $158 from $200, his fourth downward revision this year, warning that his many of his peers on Wall Street are &#8220;too optimistic&#8221; in how they model the company&#8217;s delivery volumes.<\/p>\n<p class=\"\">&#8220;While we believe 2Q19 should be fine,&#8221; he said. &#8220;We do believe 2H19 (and beyond) volume estimates look high considering there are fewer levers to pull to stoke demand going forward (i.e., company released lower priced variants of the Model 3, a leasing option was introduced, and right-hand drive orders have begun).&#8221;<\/p>\n<p class=\"\">His concerns get even worse from there. A federal tax credit available to Tesla customers will be once-again cut be cut half on July 1, from $3,750 currently to $1,875. Other than new financing options, he says, there are no clear &#8220;new demand pockets&#8221; for the company to open.<\/p>\n<p class=\"\">&#8220;We believe that is the largest question for investors to underwrite at this point \u2014 what are sustainable demand levels for the Model S, Model X, and Model 3 \u2014 and how does that change with the introduction of Model Y production,&#8221; Tamberrino said.<\/p>\n<p class=\"\">To be sure, there are some potential catalysts, Goldman Sachs says. Namely, a &#8220;powertrain and battery technology investor day&#8221; in the third quarter and the opening of Tesla&#8217;s second Gigafactory in Shanghai, which the company says should happen this year.<\/p>\n<p class=\"\">&#8220;We believe the potential pull-forward of the Model Y production launch would carry the most impact given the potential size of the market and margin profile for the vehicle,&#8221; Tamberrino said. &#8220;We continue to believe that the Model Y TAM is approx. 1.7x the size of the Model 3 TAM, but there could be further upside potential to the addressable market should the company graduate demand from lower priced buyers.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs lowers its Tesla price target for the 4th  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":21840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,2225,1222,177],"class_list":["post-21839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-goldman-sachs","tag-shares","tag-tesla"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=21839"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21839\/revisions"}],"predecessor-version":[{"id":21844,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21839\/revisions\/21844"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/21840"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=21839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=21839"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=21839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}