[Click eStock] "Tesla, Autonomous Driving Progress and Sales Volume Are Key Variables"

Hana Securities pointed out on the 6th that the key variables for Tesla are the pace of progress in the autonomous driving sector and this year's sales volume targets.

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Tesla's delivery volume in the fourth quarter of last year increased by 2% year-on-year to 496,000 units. Although it was a record high on a quarterly basis, it fell short of the market expectation of 506,000 units. Additionally, the Energy Storage System (ESS) segment shipped 11.0 gigawatt-hours (GWh), a 244% increase compared to the same period last year, marking a quarterly record high. The annual shipment volume last year was 31.4 GWh, a 112% increase compared to 2023.

Seonjae Song, a researcher at Hana Securities, said, "Last year, growth was mainly focused on the Chinese market, with growth rates outside China recording low single digits, showing significant regional differentiation. However, this year, the growth rates in the US and European electric vehicle markets are expected to rise to double digits due to the launch of low-priced models and policy effects." He added, "Tesla is still exposed to competition with local electric vehicle manufacturers in China, but with the recovery of the US and European markets, ramp-up of the Cybertruck, and the launch of next-generation low-priced models, sales volume is expected to increase."

Researcher Song continued, "Whether Tesla can achieve the sales volume increase that Elon Musk expects and when the launch of the low-priced models that enable this will occur are major variables affecting the stock price. It is necessary to check updates on profitability and sales targets in the upcoming fourth-quarter earnings announcement scheduled for the 29th." He also emphasized, "Furthermore, it is important to verify whether the unsupervised Full Self-Driving (FSD) service starting in California and Texas and the Cybercap production schedule for next year proceed as planned."

This content was produced with the assistance of AI translation services.