Home / Business / Jonas, Top Tesla analyst, has some assumptions about Thursday's big announcement

Jonas, Top Tesla analyst, has some assumptions about Thursday's big announcement



On January 7, 2019, Elon Musk, CEO of Tesla, and Shanghai Mayor Ying Yong, attend the opening ceremony of Tesla Shanghai Gigafactory's Shanghai, China works.

Aly Song | Reuters

On January 7, 2019, Elon Musk, CEO of Tesla, and Shanghai Mayor Ying Yong, attend the opening ceremony of Tesla Shanghai Gigafactory's Shanghai, China works.

The widely followed analyst, Adam Jonas, has guessed what Tesla's big announcement will be on Thursday afternoon.

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"The all-new mid-size crossover / SUV is an opportunity for Tesla to leverage the lessons learned from the S, X, and 3 design and manufacturing models to deliver a product in a much larger and faster-growing global segment," he said. said Jonas in a Wednesday note of Model Y. "The major disadvantage of providing too much information about the Y model and its improved software and hardware features is that it could thwart the thunder of the model 3 booming, just as it is being introduced to key international markets. "

Tesla CEO Elon Musk on Wednesday changed his Twitter display name to "Elon Tusk" and promised his electric car maker to have "news" at 2 pm. Pacific time Thursday.

The company is expected to repay Friday a convertible bond of $ 920 million, while Tesla continues to accumulate debt while boosting production of its popular Model 3 sedan. An analyst report said Thursday that Tesla had the same amount of money. 39, about $ 2 billion in loans for the construction of its Shanghai plant.

Jonas said Tesla "could be fundamentally overvalued," while retaining his "equal weight" rating and noting that the stock was trading just above his $ 238 target.

Tesla is up more than 1% in pre-trade Thursday.

The analyst expects various strategic interests at Tesla, including "the opportunity to build partnerships that could share the burden of future spending, improve access to capital and potentially" tether "the network of machines from Tesla's data capture to a mega-platform / software layer. "

– With the reports of Michael Bloom.


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