According to foreign media reports on February 4, Adam Jonas, a top analyst on Wall Street and an analyst at Morgan Stanley, said that in the next 5 years, Tesla's revenue will exceed the sum of General Motors and Ford.
Tesla's stock has long performed very well, and its market value has always surpassed that of companies such as General Motors. About two years ago, Tesla became the world's most valuable automaker. However, some argue that Tesla's car sales and revenue are far inferior to those of other automakers. However, that is also changing rapidly, with Morgan Stanley expecting Tesla's revenue to become industry-leading over the next five years.
(Image source: Tesla)
Adam Jonas, Morgan Stanley's tesla analyst, wrote in a new report to clients last week: "Most of the auto investors we interviewed still don't believe Tesla's revenue could be bigger than General Motors or Ford. We expect Tesla's revenue to exceed that of General Motors and Ford combined by 2027. Not yet visible, but the trend should become apparent in the next 24 months. ”
Jonas is right, and many investors still can't believe Tesla can do that, believing tesla will always be a niche and niche automaker. Tesla is an electric car manufacturer that currently produces more than 1 million vehicles a year.
Jonas believes that Tesla's revenue lead will also benefit from its transaction price, which is much higher than the average transaction price. "We estimate that the average transaction price (ATP) for a Tesla vehicle is about $60,000, which is about 20 percent higher than the average transaction price in the U.S. market, which means that the adjusted Wallet Share is 4.6%."
Here's how Morgan Stanley predicts Tesla's share of revenue growth in the coming years compared to GM's:
(Source: Morgan Stanley Image source: Electrek)
(Note: Wallet share refers to the proportion of the amount of money that customers spend in a company when purchasing a certain type of product, and the wallet share and market share are closely related to the revenue growth share.) ）
Morgan Stanley's share price target for Tesla is $1300. Of TipRanks' 7,779 analysts, Adam Jonas ranked 645th with a success rate of 53% and an average return of 11.8%.