At the major bank HSBC, several analysts fear that Tesla will completely collapse on the stock market when the brand submits its first quarterly financial statements in 2025.
Analysts at major bank HSBC are concerned about a potential, but total, collapse for Tesla stock.
The analysts base their concerns on a report that has landed ahead of Tesla's upcoming quarterly earnings.
Tesla stock has been on a wild ride over the past year. At one point, the company's total value was higher than the value of all other automakers combined.
Despite a very noticeable price drop over recent months, Tesla's market value is still at a level that corresponds to the value of the ten following car manufacturers combined.
Public attention surrounding the brand's CEO Elon Musk has been highlighted as one of the main reasons why analysts now fear total collapse.
The whole thing could collapse if Tesla doesn't push enough cars out.
HSBC's analysis, as reported by Electrek , however, points out that it is fundamentals within Tesla that pose a challenge, and that the issue extends beyond individuals.
The bank's analysts are preparing for the upcoming reporting with the expectation that Tesla's production figures may turn out to be significantly lower than what the market generally expects.
The general expectation in the market is that Tesla will build around 464,000 cars in the first quarter.
That would be fewer than in the previous quarter, but an increase compared to the corresponding period the year before.
HSBC's estimate, however, is 385,000 cars. The bank also states that the worst-case figure could be as low as 343,000 cars.
Simultaneously with the development at Tesla, Chinese competitor BYD has presented record figures for the 2024 financial year.
BYD's accounts show that it built cars in numbers that Tesla cannot match. But we don't really know how many cars Tesla has shipped off the assembly lines. At least not yet.
And that alone is enough to keep the uncertainty alive.
At the end of last week, Tesla itself announced that it expects to have delivered 377,000 cars during the quarter.
