Jefferies published a research report stating that Tesla's EBIT in the first quarter was 10% higher than the median market expectation; revenue was in line with expectations; and gross profit margin slightly exceeded market expectations, enough to offset the continued increase in operating expenses. Furui mentioned that company CEO Musk hopes to appease the market by accelerating the launch of new products, but the risk of compromising on products will increase accordingly. At the same time, Musk insists on developing Robotaxi, but there is still no clear timetable and business model information. The bank also believes thatwatchjeopardyonlineHis view on the conference call on second-quarter revenue growth and inventory declines seemed a little optimistic. The bank gave him a "hold" rating with a target price of $165.
