特斯拉錯過了Q1送貨號

Zacks排名第3（持有）Tesla（TSLA）下降26％。同時，在政治強烈反對的情況下，股票遍布40％以上，減緩了電動汽車需求

Tesla (TSLA) missed Q1 2024 delivery expectations, reporting 336,681 units delivered compared to the 378,000 estimated by analysts polled by FactSet. Se Despite the miss, several factors suggest that the worst may be priced into Tesla’s stock.

特斯拉（TSLA）錯過了第1季度2024 Q1 2024期望，報告了336,681輛，而分析師估計的FACTSET估計的378,000個單位。 SE儘管錯過了，但有幾個因素表明，最壞的因素可能被定為特斯拉的股票。

Year-to-date, the Zacks Rank #3 (Hold) stock Tesla is down 26%. Meanwhile, shares have cratered more than 40% amid political backlash, slowing EV demand, tariff concerns, and cutthroat competition from Chinese EV makers like BYD, Xpeng (XPEV) and Li Auto (LI). This morning, the world’s leading EV-maker reported one of its most anticipated quarterly delivery numbers in its history:

Zacks排名第3（持有）Tesla的排名第3（持有）下降了26％。同時，由於政治強烈反對，降低了電動汽車需求，關稅的關注以及來自中國電動汽車製造商的競爭，例如BYD，XPENG（XPEV）和Li Auto（Li Auto（Li）），股票遍布40％以上。今天早上，全球領先的EV-Maker報告了其歷史上最受期待的季度交貨人數之一：

• Total Q1 Deliveries: 336,681 (Consensus Estimates: 378k); -13% YoY

•Q1總數：336,681（共識估算：378K）； -13％同比

• Model 3/Y: 323,800 (Consensus Estimates: 351.9k); -12% YoY

•模型3/y：323,800（共識估計：351.9k）; -12％同比

• Other Models + Cybertruck:12,881; -46% QoQ

•其他型號 + Cyber​​truck：12,881； -46％QOQ

• Total Q1 Production: 362,615

•總Q1生產：362,615

Tesla: Is the Worst Priced In?

特斯拉：價格最差嗎？

A humorous Wall Street adage warns "Sometimes when you try to call bottoms, all you end up with is stinky fingers." For Tesla, the question on investor’s minds is "Can Tesla recover from a tumultuous start to the year, or is there more pain ahead?" Below are five reasons Tesla has likely bottomed, including:

幽默的華爾街格言警告說：“有時候，當您試圖打電話給底部時，最終您的一切都是臭的手指。”對於特斯拉來說，投資者的想法是“特斯拉可以從一年的動蕩開始，還是有更多痛苦？”以下是特斯拉可能觸底的五個原因，包括：

1. The General Market Conditions Deteriorated: Stocks are a product of their environment (the general market direction). Unfortunately, the first quarter of the post-election presidential cycle is one of the weakest times to be long stock. Sure enough, stocks experienced their first correction of 2025 and the first in several months. The hardest hit stocks were from the “Trump Trade,” which includes names like TSLA, the iShares Bitcoin ETF (IBIT), and Coinbase (COIN). Luckily, several data points suggest that a Market Bottom is in Sight After Q1 Struggles.

1。一般市場條件惡化：股票是其環境的產物（一般市場方向）。不幸的是，大選後總統週期的第一季度是長期股票最薄弱的時期之一。果然，股票經歷了2025年的首次糾正和幾個月以來的第一個更正。最困難的股票來自“特朗普貿易”，其中包括TSLA，Ishares Bitcoin ETF（IBIT）和Coinbase（Coin）等名稱。幸運的是，幾個數據點表明，在Q1掙扎之後，市場就會看到市場底部。

Image Source: BTIG, Bloomberg

圖像來源：BTIG，彭博社

2. Sell the Rumor Buy the News: Wall Street is a discounting mechanism constantly looking toward the future. In all likelihood, savvy investors were likely pricing in the poor delivery numbers in advance. When the bad news finally hits the news wires, its too late to be negative. Recently, TSLA shares have shown subtle signs of a directional change. For instance, the Nasdaq 100 Index ETF (QQQ) hit a fresh low on March 31st. Meanwhile, TSLA shares last printed a low on March 11th and have decoupled since.

2.出售謠言購買新聞：華爾街是一種折扣機制，不斷地展望未來。精明的投資者很可能會提前定價。當壞消息終於碰到新聞電線時，為時已晚。最近，TSLA股票顯示出定向變化的微妙跡象。例如，納斯達克100索引ETF（QQQ）在3月31日命中率新的低點。同時，TSLA股票上次在3月11日打印出低點，此後已脫鉤。

3. Model Y Retool: An obvious reason Tesla deliveries were soft in Q1 is that the company had to retool its factories to produce the new version of its Model Y SUV (the best-selling car on Earth).

3. Y Model Y REDOOL：Tesla交付在Q1中的一個明顯原因是，該公司必須重新製造工廠才能生產其新版本的Model Y SUV（地球上最暢銷的汽車）。

4. Elon Stepping Down from DOGE: Tesla’s downside began accelerating as lead engineer and CEO Elon Musk shifted his focus to “The Department of Government Efficiency.” Today, the Trump Administration confirmed that Musk will step down from DOGE soon. Dan Ives, a top Tesla analyst, believes that Musk’s involvement in government is a $100 overhang for the stock.

4。埃隆從杜格（Doge）辭職：特斯拉（Tesla）的缺點開始加速，首席工程師兼首席執行官埃隆·馬斯克（Elon Musk）將重點轉移到“政府效率部”。今天，特朗普政府確認馬斯克將很快從總督裡辭職。特斯拉的頂級分析師丹·艾夫斯（Dan Ives）認為，馬斯克（Musk）參與政府的股票是100美元的股票。

5. Energy Business is Rocking: Few analysts on Wall Street discuss Tesla’s often-overlooked energy business. In Q1, Tesla deployed 10.4 GWh of energy storage, which is good for 156% year-over-year growth.

5。能源業務正在搖擺：華爾街上很少有分析師討論特斯拉經常被忽視的能源業務。在第一季度，特斯拉部署了10.4 gwh的儲能，這對於同比增長156％是有益的。

Image Source: @sawyermerritt

圖像來源：@sawyermerritt

6. Robotaxi is Here: Elon Musk confirmed that the long-awaited Tesla robotaxi will debut in Austin in June.

6. Robotaxi在這裡：埃隆·馬斯克（Elon Musk）證實，期待已久的特斯拉（Tesla Robotaxi）將於6月在奧斯丁首次亮相。

Despite missing Q1 delivery expectations, several factors suggest that the worst may be priced into Tesla’s stock. CEO Elon Musk is stepping down from DOGE, temporary Model Y production disruptions will dissipate, and strong energy business growth will propel TSLA shares.

儘管缺少Q1交付期望，但有幾個因素表明，最差的特斯拉股票可能會定價。首席執行官埃隆·馬斯克（Elon Musk）正在辭職，臨時模型Y生產中斷將消失，強勁的能源業務增長將推動TSLA股份。

This article originally published on Zacks Investment Research (Zacks.com)

本文最初發表在Zacks Investment Research（Zacks.com）上

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