<p><strong>特斯拉</strong>(TSLA 3.29%) 的第一季度业绩让投资者感到失望。分析师们已经意识到，2025 年开始的交付量同比下降了 13%。因此，收入和每股收益的下降也是预期之中的。但实际结果仍然令人失望。</p>
<p>汽车收入下降了 20%，曾经令整个汽车行业羡慕的运营利润率也大幅下滑。这导致一位华尔街分析师显著下调了对这家电动车（EV）领军企业的目标股价。瑞穗证券的 Vijay Rakesh 将目标股价下调了 50 美元，现在认为该股的合理价值为每股 325 美元。</p>
<p>这仍然意味着相较于近期水平有 30% 的上涨空间。因此，Rakesh 认为投资者仍然应该购买特斯拉股票。这是因为公司季度财报中透露了一些前瞻性的信息。</p>
<h2>特斯拉的好消息可能即将到来</h2>
<p>特斯拉表示，仍然按计划在今年上半年开始生产新车型，包括低价车型。这意味着投资者将在接下来的两个月内获得有关特斯拉更便宜电动车的更多细节。</p>
<p>另一条潜在的好消息来自首席执行官埃隆·马斯克本人在电话会议上的发言。马斯克表示，公司 “目前正按计划在 6 月实现奥斯汀的完全自主付费乘车。” 这是通往全新收入来源的第一步。这可能会导致他多年来所提及的无人驾驶出租车车队的出现。</p>
<p>不过，股票仍然面临许多风险。公司在第一季度业绩不佳后撤回了年度交付预期。即使其完全自主的车辆在 6 月上路，那也将是 Model Y 电动车。可以想象会对其他共享出行公司如 <strong>优步科技</strong> 和 <strong>谷歌母公司</strong> 的 Waymo 构成挑战的 Cybercab 要到明年才能推出。</p>
<p>在之前的产品发布延迟后，投资者应保持谨慎。现在分配一个小的仓位是合理的，但要意识到任何新产品的进一步延迟可能会导致股价大幅下跌。</p>

特斯拉

<p>特斯拉第一季度的业绩让投资者失望，汽车收入下降了 20%，运营利润率显著下滑。瑞穗证券的分析师 Vijay Rakesh 将特斯拉股票的目标价下调至 325 美元，暗示从当前水平有 30% 的上涨空间，并建议买入。积极的消息包括计划推出新的低价车型以及预计在 6 月推出的潜在自动驾驶出行服务。然而，风险依然存在，包括撤回年度交付展望和产品发布延迟，这需要谨慎投资</p>

<p><strong>Tesla</strong>(TSLA 3.29%) underwhelmed investors with its first-quarter results. Analysts already were aware that deliveries to start 2025 were 13% lower year over year. A drop in revenue and earnings per share were therefore expected as well. But actual results were still disappointing.</p>
<div class="lb-trans"><p><strong>特斯拉</strong>(TSLA 3.29%) 的第一季度业绩让投资者感到失望。分析师们已经意识到，2025 年开始的交付量同比下降了 13%。因此，收入和每股收益的下降也是预期之中的。但实际结果仍然令人失望。</p>
</div><p>Automotive revenue declined by 20% and an operating margin that was once the envy of the automotive industry tumbled. That led one Wall Street analyst to meaningfully lower his price target on the electric vehicle (EV) leader. Vijay Rakesh with Mizuho Securities shaved $50 off that price target and now feels the stock is worth $325 per share, according to reports.</p>
<div class="lb-trans"><p>汽车收入下降了 20%，曾经令整个汽车行业羡慕的运营利润率也大幅下滑。这导致一位华尔街分析师显著下调了对这家电动车（EV）领军企业的目标股价。瑞穗证券的 Vijay Rakesh 将目标股价下调了 50 美元，现在认为该股的合理价值为每股 325 美元。</p>
</div><p>That still implies 30% upside from recent levels. Rakesh therefore thinks investors should still buy Tesla stock. That's because of some forward-looking news that came from the company's quarterly release.</p>
<div class="lb-trans"><p>这仍然意味着相较于近期水平有 30% 的上涨空间。因此，Rakesh 认为投资者仍然应该购买特斯拉股票。这是因为公司季度财报中透露了一些前瞻性的信息。</p>
</div><h2>Good news from Tesla could be coming soon</h2>
<div class="lb-trans"><h2>特斯拉的好消息可能即将到来</h2>
</div><p>Tesla said it remains on track to begin production of new vehicles -- including lower-priced models -- in the first half of this year. That implies investors will get more details on a cheaper EV from Tesla within the next two months.</p>
<div class="lb-trans"><p>特斯拉表示，仍然按计划在今年上半年开始生产新车型，包括低价车型。这意味着投资者将在接下来的两个月内获得有关特斯拉更便宜电动车的更多细节。</p>
</div><p>Another potential bit of good news came from CEO Elon Musk himself on the conference call. Musk said the company is &#34;currently on track to be able to do paid rides fully autonomously in Austin in June.&#34; That's a first step to a brand new revenue stream. And it could lead to the fleet of driverless robotaxi vehicles he has teased about for years.</p>
<div class="lb-trans"><p>另一条潜在的好消息来自首席执行官埃隆·马斯克本人在电话会议上的发言。马斯克表示，公司 “目前正按计划在 6 月实现奥斯汀的完全自主付费乘车。” 这是通往全新收入来源的第一步。这可能会导致他多年来所提及的无人驾驶出租车车队的出现。</p>
</div><p>Plenty of risks remain with the stock, though. The company withdrew its annual deliveries outlook after the poor first-quarter performance. Even if its fully autonomous vehicles are on the road in June, those would be Model Y EVs. The Cybercab that would conceivably challenge other ride-sharing companies like <strong>Uber Technologies</strong> and <strong>Alphabet</strong>'s Waymo wouldn't be launched until next year.</p>
<div class="lb-trans"><p>不过，股票仍然面临许多风险。公司在第一季度业绩不佳后撤回了年度交付预期。即使其完全自主的车辆在 6 月上路，那也将是 Model Y 电动车。可以想象会对其他共享出行公司如 <strong>优步科技</strong> 和 <strong>谷歌母公司</strong> 的 Waymo 构成挑战的 Cybercab 要到明年才能推出。</p>
</div><p>Investors should remain cautious after prior delays in product launches. Allocating a small position makes sense now, but realize that any further delays in new products would likely tank the stock.</p>
<div class="lb-trans"><p>在之前的产品发布延迟后，投资者应保持谨慎。现在分配一个小的仓位是合理的，但要意识到任何新产品的进一步延迟可能会导致股价大幅下跌。</p>
</div>

1 Wall Street Analyst Thinks Tesla Stock Is Going to $325. Is It a Buy Around $250?

- 特斯拉第一季度业绩未达预期，汽车收入下降 20%。  
- 分析师下调目标价至 325 美元，仍有 30% 上涨空间。  
- 特斯拉计划在今年上半年推出新车型，投资者需保持谨慎。  

一位华尔街分析师认为特斯拉的股票价格将升至 325 美元。那么在 250 美元左右是否值得买入呢？