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Sina Technology News On the evening of April 6, Beijing time, it was reported that Craig Irwin, a senior research analyst at Roth Capital, an investment bank, said today that, Tesla (Nasdaq: TSLA) The current stock price has been seriously overestimated, and its reasonable price should be about $150 per share.
Yesterday, Tesla The shares closed at 691.05, up 4.43%. Owen believes that Tesla must take more measures to justify its share price of nearly $700. At present, Tesla's market value is about 660 billion dollars, almost equal to the overall size of the U.S. and European auto markets, although Tesla is only one of the auto manufacturers.
Owen said: "I think this is a kind of market dislocation, which has been separated from the analysis of fundamentals. In fact, the market still has room for some other successful enterprises. People's valuation of Tesla is so high only because they think Tesla has no competitors. ”
Even so, Owen said that he is optimistic about the sales prospects of electric vehicles, and Tesla is the leader in this market. Tesla announced last Friday that it delivered 184800 electric vehicles and produced 18.03 vehicles in the first quarter of this year, while analysts' average expectation was 168000 vehicles. As a result, Tesla's share price rose by 7% on Monday.
Owen also pointed out that Tesla is also facing some positive factors, including the optimistic prospect of the Chinese market and the upcoming entry into the Indian market. Nevertheless, Tesla still needs to do more to prove that its share price is reasonable.
Owen said that they really need to launch a "robot taxi", that is, a fully autonomous car. However, the current situation is that Tesla seems to have given up relevant efforts, while other companies have introduced more superior technologies.
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