(CercleFinance.com) – In a research note, the Canadian broker RBC evokes promising elements in the short term, but above all the competitive advantages displayed by the manufacturer in terms of supply and vertical integration in the medium term.
While the official consensus is for 279,000 vehicle deliveries in the second quarter, RBC thinks the average analyst forecast is more around 250,000 units, a figure broadly in line with its target of 249,000.
The broker nevertheless underlines that the profit margins of the Californian group could surprise favorably on the second quarter because of the firmness of the prices of its vehicles.
Regarding supply issues, RBC points out that Tesla remains discreet about the agreements it may have signed with suppliers of raw materials, but that it has undoubtedly gone much further in this area than other manufacturers, a godsend. when we know that the sector could be hit by serious shortages by 2027/2028.
RBC raised its view on Tesla from ‘performance in line with the sector’ to ‘outperformance’ with a price target reduced to $1,175-$1,100.
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