The analysts also expressed concerns about Musk's delivery timelines and the commercialization of the company's varied ideas. Despite these concerns, they described Musk as an "asset" and acknowledged his "charismatic" leadership and "cult-like following." They gave Tesla a "reduce" rating with a $146 price target, suggesting that the timeline for Tesla's projects is likely longer than the market currently reflects.
Key takeaways:
- HSBC analysts have stated that Elon Musk must deliver on his ambitious projects for Tesla in order to justify the company's high stock price.
- The analysts highlighted Musk's yet-to-be-fulfilled promises, including the release of humanoid robots and the construction of a supercomputer.
- HSBC analysts also noted that significant delays or developments that show lack of technological or regulatory feasibility for these projects pose a significant risk for Tesla.
- Despite these concerns, the analysts described Musk as an 'asset' and acknowledged his 'charismatic' leadership and 'cult-like following.'