Tesla(US:TSLA) 智通财经网·2025-07-10 06:55Core Viewpoint - Tesla's stock has faced significant pressure this year, but analysts suggest that the recent sell-off may be overdone, with a potential upside remaining in the stock price [1][2]. Group 1: Analyst Insights - RBC analyst Tom Narayan maintains an "outperform" rating on Tesla, raising the target price from $307 to $319, indicating approximately a 7% upside from current levels [1]. - Despite increasing competition in the electric vehicle market, Tesla's product demand remains strong, supported by its technological leadership, profitability, cash flow generation, and brand premium [1]. - RBC's valuation model applies a 1x price-to-sales ratio for Tesla's core automotive business, while assigning premium multiples for long-term growth areas such as Megapack, autonomous driving, and robotics [1][2]. Group 2: Financial Projections - RBC forecasts that Tesla's revenue will increase from an estimated $93.5 billion this year to $111 billion by 2026, with adjusted EPS expected to rise from $1.99 in 2025 to $2.99 in 2026 [2]. - Growth is anticipated to be driven by capacity expansion, new product launches, and higher profit margins from non-automotive businesses [2]. Group 3: Market Position and Risks - Tesla is viewed as a benchmark in the electric vehicle sector, with potential catalysts such as the Robotaxi concept that could reignite investor interest in its full self-driving vision [3]. - However, risks remain, including earnings volatility, cost inflation, supply chain issues, and the cyclical nature of its business, which is sensitive to economic slowdowns [3]. - Concerns regarding CEO Elon Musk's political statements and their impact on corporate governance and brand strength add another layer of uncertainty for investors [3].