特斯拉加入標普500指數(shù)“指日可待”
Jen Wieczner
2020-07-24
本周三，特斯拉正式公布財報，宣布連續(xù)四個季度盈利，可謂是疫情期間電動汽車行業(yè)的領(lǐng)頭羊，加入標普500指數(shù)指日可待。
此前，華爾街金融分析師曾悲觀預測特斯拉將營收54億美元，虧損近2.5億美元。然而，財報顯示，2020年第二季度，特斯拉營收逾60億美元，凈收益1.04億美元，遠超分析師預期。
雖然分析師先前紛紛唱衰，但股民們?nèi)匀豢春锰厮估摷径鹊陌l(fā)展勢頭，持續(xù)購買該公司股票。僅今年7月，特斯拉股價就上漲了49%。迄今為止，特斯拉的市值幾乎翻了兩番，直逼3000億美元。
本次財報公布的盈利情況標志著特斯拉首次連續(xù)四個季度（即在一年內(nèi)）實現(xiàn)正收益，為其加入標普500指數(shù)奠定了重要基礎(chǔ)。后續(xù)，為加入標普500指數(shù)，特斯拉還需提高自身市場指數(shù)，以吸引投資基金購股，推動自身股價上漲。
特斯拉最新財報發(fā)布后，摩根士丹利（Morgan Stanley）的分析師亞當·喬納斯也在一則報告中寫道：“特斯拉真的要加入標普500指數(shù)了嗎？”
先前，特斯拉股票的做空者們押注特斯拉股價必會下跌，而本次的財報對他們來說無疑是晴天霹靂。金融分析公司S3 Partners提供的數(shù)據(jù)顯示，截至上周，做空金額已經(jīng)達到197億美元，特斯拉也一躍而成“挾倉”的首選對象（“挾倉”是指股價飆升后，看跌的投資者趁股價繼續(xù)上漲前回購股票）。
在財報電話會議中，特斯拉的首席執(zhí)行官埃隆·馬斯克樂觀表示：“自公司成立以來，我從未這么期待和看好過我們的未來發(fā)展?！彪m然新冠肺炎疫情對商業(yè)發(fā)展，以及消費者的旅游、購買意愿都造成了負面影響，但馬斯克仍然認為特斯拉并不受疫情影響，并自信地說：“消費需求對我們沒有影響，完全不用擔心。”
特斯拉何時才能加入標普500指數(shù)？
特斯拉已經(jīng)滿足了相應的準入條件，但并不會立即就被納入標普500指數(shù)，而是要等候標普500指數(shù)委員會公布的結(jié)果——委員會每月都會召開會議，審查指數(shù)成分股，并討論公司名額的調(diào)換。然而下一次會議時間還未公布。
本周早些時候，負責監(jiān)管標普500指數(shù)的標普道瓊指數(shù)（S&P Dow Jones Indices）宣布將對相應指數(shù)作出更改，這也意味著，標普委員會7月的會議業(yè)已召開完畢。因此，大概要等到8月下旬，投資者才能獲知特斯拉能否加入標普500指數(shù)。
特斯拉還能繼續(xù)盈利嗎？
特斯拉的收益不斷增長，但馬斯克表示，他還在尋找公司的利潤與汽車價格實惠度兩者間的平衡。
馬斯克說：“目前讓我最頭疼的事情是我們生產(chǎn)的汽車價格還不夠?qū)嵒?。要解決這個問題，一方面要保證我們不會破產(chǎn)，這點很重要，否則就根本談不上降低汽車價格了；另一方面，也不能把利潤設(shè)得太高?！?/p>
除了直接降低汽車的售價，馬斯克還欲通過開發(fā)可以同時容納多名司機的全自動駕駛汽車，來讓汽車變得更實惠。特斯拉將升級其駕駛軟件系統(tǒng)，在2020年年底以前實現(xiàn)汽車的全自動駕駛。在本周的財報會議上，馬斯克明確表示：“這一技術(shù)可能會使資產(chǎn)價值實現(xiàn)史上最大的一次增幅?！?/p>
馬斯克說：“至少會有幾百萬輛車一夜之間價值翻為原來的五倍，每輛車每周的使用時長會從12小時上升到60小時，大致是這個意思?！?/p>
馬斯克事必躬親，已經(jīng)早早開始親自著手測試特斯拉的全自動駕駛模式。他說：“目前為止，全自動模式已經(jīng)能在不受任何干擾的情況下，載我從家去單位工作了?！背酥?，他還特別強調(diào)，自己的上班路線包括建筑工地，以及一系列地形復雜的區(qū)域，“所以我對全自動駕駛汽車在今年底之前完工非常有信心——因為我已經(jīng)切切實實用上它了?！保ㄘ敻恢形木W(wǎng)）
編譯：杜心邈
本周三，特斯拉正式公布財報，宣布連續(xù)四個季度盈利，可謂是疫情期間電動汽車行業(yè)的領(lǐng)頭羊，加入標普500指數(shù)指日可待。
此前，華爾街金融分析師曾悲觀預測特斯拉將營收54億美元，虧損近2.5億美元。然而，財報顯示，2020年第二季度，特斯拉營收逾60億美元，凈收益1.04億美元，遠超分析師預期。
雖然分析師先前紛紛唱衰，但股民們?nèi)匀豢春锰厮估摷径鹊陌l(fā)展勢頭，持續(xù)購買該公司股票。僅今年7月，特斯拉股價就上漲了49%。迄今為止，特斯拉的市值幾乎翻了兩番，直逼3000億美元。
本次財報公布的盈利情況標志著特斯拉首次連續(xù)四個季度（即在一年內(nèi)）實現(xiàn)正收益，為其加入標普500指數(shù)奠定了重要基礎(chǔ)。后續(xù)，為加入標普500指數(shù)，特斯拉還需提高自身市場指數(shù)，以吸引投資基金購股，推動自身股價上漲。
特斯拉最新財報發(fā)布后，摩根士丹利（Morgan Stanley）的分析師亞當·喬納斯也在一則報告中寫道：“特斯拉真的要加入標普500指數(shù)了嗎？”
先前，特斯拉股票的做空者們押注特斯拉股價必會下跌，而本次的財報對他們來說無疑是晴天霹靂。金融分析公司S3 Partners提供的數(shù)據(jù)顯示，截至上周，做空金額已經(jīng)達到197億美元，特斯拉也一躍而成“挾倉”的首選對象（“挾倉”是指股價飆升后，看跌的投資者趁股價繼續(xù)上漲前回購股票）。
在財報電話會議中，特斯拉的首席執(zhí)行官埃隆·馬斯克樂觀表示：“自公司成立以來，我從未這么期待和看好過我們的未來發(fā)展?！彪m然新冠肺炎疫情對商業(yè)發(fā)展，以及消費者的旅游、購買意愿都造成了負面影響，但馬斯克仍然認為特斯拉并不受疫情影響，并自信地說：“消費需求對我們沒有影響，完全不用擔心?！?/p>
特斯拉何時才能加入標普500指數(shù)？
特斯拉已經(jīng)滿足了相應的準入條件，但并不會立即就被納入標普500指數(shù)，而是要等候標普500指數(shù)委員會公布的結(jié)果——委員會每月都會召開會議，審查指數(shù)成分股，并討論公司名額的調(diào)換。然而下一次會議時間還未公布。
本周早些時候，負責監(jiān)管標普500指數(shù)的標普道瓊指數(shù)（S&P Dow Jones Indices）宣布將對相應指數(shù)作出更改，這也意味著，標普委員會7月的會議業(yè)已召開完畢。因此，大概要等到8月下旬，投資者才能獲知特斯拉能否加入標普500指數(shù)。
特斯拉還能繼續(xù)盈利嗎？
特斯拉的收益不斷增長，但馬斯克表示，他還在尋找公司的利潤與汽車價格實惠度兩者間的平衡。
馬斯克說：“目前讓我最頭疼的事情是我們生產(chǎn)的汽車價格還不夠?qū)嵒?。要解決這個問題，一方面要保證我們不會破產(chǎn)，這點很重要，否則就根本談不上降低汽車價格了；另一方面，也不能把利潤設(shè)得太高?！?/p>
除了直接降低汽車的售價，馬斯克還欲通過開發(fā)可以同時容納多名司機的全自動駕駛汽車，來讓汽車變得更實惠。特斯拉將升級其駕駛軟件系統(tǒng)，在2020年年底以前實現(xiàn)汽車的全自動駕駛。在本周的財報會議上，馬斯克明確表示：“這一技術(shù)可能會使資產(chǎn)價值實現(xiàn)史上最大的一次增幅?！?/p>
馬斯克說：“至少會有幾百萬輛車一夜之間價值翻為原來的五倍，每輛車每周的使用時長會從12小時上升到60小時，大致是這個意思?！?/p>
馬斯克事必躬親，已經(jīng)早早開始親自著手測試特斯拉的全自動駕駛模式。他說：“目前為止，全自動模式已經(jīng)能在不受任何干擾的情況下，載我從家去單位工作了?！背酥?，他還特別強調(diào)，自己的上班路線包括建筑工地，以及一系列地形復雜的區(qū)域，“所以我對全自動駕駛汽車在今年底之前完工非常有信心——因為我已經(jīng)切切實實用上它了?！保ㄘ敻恢形木W(wǎng)）
編譯：杜心邈
Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an auto sector that has struggled during the pandemic, and clearing the way for the stock to join the S&P 500.
For the second quarter of 2020, Tesla made $104 million in net income on more than $6 billion in revenues. That beat forecasts by Wall Street analysts who had anticipated a loss of nearly $250 million and revenues of $5.4 billion.
Despite analysts' caution, bullish investors had held out hope for a profitable quarter, bidding up Tesla stock 49% so far in July alone. Year to date, Tesla has nearly quadrupled in value, giving the company a current market capitalization of nearly $300 billion.
The profit was particularly significant because it marks the first time Tesla has recorded four quarters in a row—or a year's worth—of positive earnings, a key milestone for inclusion in the S&P 500 index. Tesla's addition to the S&P 500 would require many investment funds that track the market index to buy the stock, potentially driving its price even higher, as has been the case when other companies have been inducted.
"S&P 500 here we come?" wrote Morgan Stanley analyst Adam Jonas in a note following the earnings report.
The gains are bad news for investors shorting Tesla's stock, who have bet big that its shares will fall. As of last week, short-sellers had put $19.7 billion against Tesla, according to S3 Partners, which highlighted Tesla as a top candidate for a so-called short squeeze—a situation in which a price surge forces bearish investors to buy back the stock before it rises further.
"I've never been more optimistic or excited about the future of Tesla in the history of the company," Elon Musk, Tesla's CEO, said on the earnings call, sounding a bullish tone. While the coronavirus crisis has taken a toll on many companies and sapped consumer interest in travel and many other products, Musk said Tesla had defied the trend. "Demand is not our problem, definitely not," he said. "Don’t worry about demand."
When will Tesla be added to the S&P 500?
Just because Tesla is now eligible to be join the S&P 500 index does not mean it will happen right away. The committee that controls the makeup of the S&P 500 meets once a month to review the index constituents and can swap companies in and out then, but a spokesperson declined to comment on when the next meeting is scheduled to take place.
The company that oversees the S&P 500, S&P Dow Jones Indices, announced changes to its other indices earlier this week, suggesting that the committee's July monthly meeting has already happened. That means it may be mid-to-late August before investors can expect any announcement on whether Tesla will be added to the index when the next round of changes are made.
Can Tesla stay profitable?
Despite Tesla's growing track record of profits, Musk said he was balancing the company's margins with his overall goal of lowering the price of its cars.
"The thing that bugs me the most about where we are right now is our cars are not affordable enough. We need to fix that," Musk said. "So, we need to not go bankrupt, obviously, that’s important, because that will fail in our mission, but we’re not trying to be super profitable, either."
Besides lowering the price, Musk is also seeking to make the cars more affordable by making them fully autonomous, which would allow Tesla vehicles to be shared by multiple drivers. Tesla expects to make its cars fully self-driving by the end of 2020 through a software update, which "may go down as the biggest asset value increase in history as a step change," Musk said on the earnings call.
"You'd have at least a few million cars suddenly becoming 5x more valuable," he said. "They go from 12 hours a week of utility to 60, or something like that."
In typical Musk fashion, he has already been testing Tesla's full autonomous mode himself. "It’s almost getting to the point where I can go from my house to work with no interventions," he said, noting that his route includes construction zones and other complex areas. "That’s why I'm very confident about full self driving functionality being complete by the end of this year—because I’m literally driving it."
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