((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
April 24 – ** Tesla TSLA.O said it plans to introduce “new models” in early 2025 using its current platforms and production lines
** But its revenue fell in the first quarter as it sold fewer electric vehicles due to slowing demand and intense competition around the world
**TSLA stock jumps 12% to $162.60 premarket
ALL EYES ON THE ANNOUNCEMENT OF A NEW LAUNCH
**Goldman Sachs (“neutral”, PT: $175) says Tesla’s decision to launch new models using elements of the low-cost platform, but on existing lines to save costs, should help mitigate the medium and long term growth concerns
**Morgan Stanley (“overweight”, PT: $310) says Tesla should continue to introduce competitively priced products to maintain usage and support cash flow
** Jefferies (“hold”, PT: $165) says plans to start making more affordable models by early 2025 raise risk of product compromises to speed up launches
**The brokerage also notes that despite its commitment to robotsaxis, Tesla has yet to clarify its timeline and business model
**Daiwa Capital Markets (“neutral”) expects Tesla to continue its long-term focus on the development of robotsaxis and the expansion of ride-sharing services
