JPMorgan Chase: Tesla's Q2 deliveries exceed expectations by 21%, neutral rating maintained unchanged

Shenchao TechFlow news: On July 6, according to Chaoxiang Research, JPMorgan’s latest report confirms that Tesla delivered 4.801 million vehicles in Q2, exceeding Bloomberg consensus by 21% and 14% above JPMorgan’s own expectation. Europe grew 105% year-on-year in June, Australia 89%, China 24%, while the US market declined 27%, with growth momentum shifting toward a global direction. FSD has been newly approved in Belgium, Denmark, Lithuania, Estonia, and the Netherlands. Optimus Gen 3 is set to begin production in July, but JPMorgan believes the positive feedback loop is still an “if” story, not the reality of “already.” Energy storage reached 13.5 GWh, exceeding JPMorgan’s expectations but falling below the company’s self-compiled consensus of 13.8 GWh. The target price remains $475, corresponding to 2030 EPS of $7.50, implying a compound growth rate of over 50%. A timing mismatch is the core reason the rating is maintained as neutral.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned