Latest news with #MarkDelaney
Yahoo
16-05-2025
- Automotive
- Yahoo
Tesla Extends Winning Streak to Four Weeks as Self-Driving Hopes Fuel Rally
Tesla edged about 1.5% higher on Friday morning, setting up a fourth straight week of gains as investors bet on its self-driving prospects and held firm on its production roadmap. Shares have jumped more than 40% over the past month, including about a 15% lift this week, after the company stuck to its lower-cost vehicle plan and confirmed a June start for its robotaxi service in Austin, despite softer first-quarter results. The Q1 earnings release initially sparked the rally; Tesla topped delivery expectations and reassured the market by keeping capital spending in check. Broader optimism from easing U.S.-China trade tensions added momentum. Piper Sandler's Alexander Potter reiterated a Buy rating with a $400 price target, saying Tesla's Full Self-Driving software remains central to long-term upside, even as Version 13 still requires driver oversight. Goldman Sachs analyst Mark Delaney echoed caution, noting that FSD success will hinge on improving system reliability and cost efficiency. With investors eying autonomous breakthroughs and production discipline, Tesla's streak may continue, but only if its technology and execution keep pace. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $283.81 with a high estimate of $452.00 and a low estimate of $19.05. The average target implies a downside of -17.21% from the current price of $342.82. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.13, suggesting a downside of -21.50% from the current price of $342.82. This article first appeared on GuruFocus.
Business Insider
13-05-2025
- Automotive
- Business Insider
Goldman Sachs Weighs In on Tesla Stock; Examines FSD Prospects in China
Tesla (NASDAQ:TSLA) stock could get a major lift if it pulls off a successful rollout of its FSD (full self-driving) software in China. With the country's massive auto market, intensifying race in autonomous tech, and the profit potential of AI-driven products, FSD could become a cornerstone of Tesla's future valuation. Protect Your Portfolio Against Market Uncertainty That, in any case, is the view of Goldman Sachs' 5-star analyst, Mark Delaney, who emphasizes that China hasn't just become a focal point for Tesla's autonomous ambitions – it's also grown into the company's largest market for new vehicle sales over the past year. This shift isn't surprising given both the size of the Chinese market and the country's relatively high adoption of battery electric vehicles (BEVs). But Delaney also attributes it to evolving market dynamics. Tesla's share of the U.S. BEV market has slipped to around 45% as of Q1, and its presence in Europe has fallen to the low double digits. In contrast, its market share in China has remained relatively stable, holding in the high single digits. That backdrop makes Tesla's recent FSD progress in China all the more significant. In late February, media reports revealed that the company had rolled out FSD upgrades to some local users who had purchased its ¥64,000 ($8,750 USD) software package, adding capabilities like lane changes, traffic light recognition, and turning. During the Q1 earnings call, Tesla confirmed it launched a supervised version of FSD in China using its existing generalized software with minimal localized data. While the system has historically performed better in the U.S. due to richer datasets, early reviews from China suggest promising performance, though some glitches, particularly around lane usage and traffic rules, remain. According to Delaney, these issues likely stem from the 'more limited' data available for the Chinese market. Tesla's FSD, however, is just one of several ADAS options available to consumers in China, where many local competitors include similar features as standard on mainstream vehicles. 'The level of technology and cost improvement that Tesla can achieve with FSD, both absolute and relative to competitors, will be key for its longer-term economics related to autonomy in our opinion (both globally and in China),' Delaney opined. Tesla aims to launch robotaxi services in Texas in June, with plans to expand over time. In the U.S., Tesla's vehicle costs could give it an edge over other robotaxi options, provided its technology reaches the required level for deployment. In Q1, Tesla's cost of goods sold (COGS) per vehicle was about $35.5K, and its newer HW4-equipped vehicles have the hardware necessary for Level 4 autonomy. If Tesla expands robotaxi operations to China, it will face a different competitive environment, with several autonomous vehicles offering attractive costs. 'We believe technology development, scale/cost, and regulatory approvals will be key factors to monitor to assess Tesla's success with robotaxis in the region,' the analyst went on to add. Down to business, what does this all mean for investors? Despite the excitement around FSD and robotaxis, Delaney, who's ranked in the top 3% of stock pros on TipRanks, isn't ready to jump on the bullish bandwagon just yet. The analyst rates Tesla shares a Neutral, while his $235 price target implies the stock is overvalued by 26%. (To watch Delaney's track record, click here) 9 other analysts are also on the fence here and with an additional 16 Buys and 11 Sells, the analyst consensus rates Tesla stock a Hold. Going by the $284.23 average price target, shares will drop ~11% from current levels. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
12-05-2025
- Automotive
- Yahoo
Tesla Gains Confidence as Analysts Call Autonomy Its Biggest Catalyst
May 12 - Tesla's (NASDAQ:TSLA) self-driving efforts are drawing fresh attention from analysts, who say autonomous tech could play a central role in the company's growth plans. While Tesla's Full Self-Driving (FSD) software still requires driver oversight, recent updates have added features like traffic light recognition and city street navigation. The company aims to release an unsupervised version of the software this year. That version could support Tesla's upcoming robotaxi service, which is expected to debut in Austin, Texas, in June. Goldman Sachs analyst Mark Delaney reiterated a "Hold" rating last week. He said Tesla's future in autonomy will likely depend on how well it can improve FSD performance and bring down costs. Piper Sandler's Alexander Potter maintained a "Buy" rating and a $400 price target. He pointed to FSD as the main driver of that bullish outlook. But Piper noted the current version, released over four months ago, still requires human input. The firm believes Tesla may be quietly prepping a safer version ahead of the Austin launch. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $282.45 with a high estimate of $452.00 and a low estimate of $19.05. The average target implies a downside of -5.30% from the current price of $298.26. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.03, suggesting a downside of -9.80% from the current price of $298.26. This article first appeared on GuruFocus.
Yahoo
17-03-2025
- Automotive
- Yahoo
Tesla, Rivian, Aurora Highlight Tech: Autonomous Opportunities, Analyst Sees 'Attractive Profit Opportunity'
An electric vehicle and autonomous vehicle analyst sees the ramp-up and near-term deployments as the key catalysts for the sectors. What Happened: Goldman Sachs analyst Mark Delaney met with several companies in the sectors and shares takeaways in a new investor note, with robotaxis one of the key areas of focus. Among the public companies covered in the report are Tesla Inc (NASDAQ:TSLA), Rivian Automotive (NASDAQ:RIVN) and Aurora Innovation (NASDAQ:AUR). "Several companies we spoke to are focused on near-term deployments and/or ramps, including Tesla targeting a June robotaxi launch in Texas, Aurora having its commercial launch planned for April in Texas," Delaney said. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The analyst said safety and performance are key aspects that determine the launch activity. "Companies we met on the trip discussed moats that include first/early-mover benefits that would create high switching costs, multi-year leads on technology, and in some cases scale/cost structure benefits," he said. Goldman Sachs on TSLA: Delaney said Tesla is using AI to drive non-linear gains for performance and safety of FSD. "Tesla mentioned robotaxi specific work needed to launch related to factors such as ride smoothness, remote assistance, and the geographic area/ODD," said Delaney, adding that Tesla highlighted their internal data is better than crowd sourced data. Delaney said Tesla should have an "attractive profit opportunity" for robotaxis with the current cost to own a Model Y around $0.70 per mile and the extra robotaxi costs coming in below the average price per mile for rideshare of over $2 in the United States. Tesla had a cost of goods sold per vehicle under $35,000 globally last quarter. The Cybercab could have a cost of around $30,000 including autonomy hardware, according to the analyst. The EV giant is expected to launch a new lower cost model by the end of the second quarter, part of a plan for several new products launched in analyst also highlighted the Optimus bot in the investor note. Tesla has a goal of reaching volume of 10,000 bots by the end of the year and hopes the long-term cost of the robots will fall under $20,000 each. Goldman Sachs on Aurora: Delaney said Aurora mentioned how its technology stack would allow the company to be in the robotaxi space longer-term, while it focuses initially on the trucking segment. Aurora cited savings of roughly a third with autonomous driving over human driving during the analyst's visit. Autonomous trucks could also save on space and costs without the need for items like infotainment and a sleeper cab for the driver. Goldman Sachs on Rivian: The analyst's meeting with Rivian saw the company highlight the opportunity to monetize personal autonomy products. "We believe that what form that takes may change by region and depend on how differentiated the technology is," Delaney said. Rivian highlighted its upcoming R2 set for launch in the first half of 2026 during its visit with the analyst. When speaking of vehicle volume growth, Rivian said macroeconomics and policy items like the tax credit and tariffs could factor into estimates and guidance. "With respect to tariffs, the companies we spoke to will look to adjust and optimize for sourcing and price-cost." Read Next: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share! These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Tesla, Rivian, Aurora Highlight Tech: Autonomous Opportunities, Analyst Sees 'Attractive Profit Opportunity' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
