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Jeffery published a research report stating thatlegitcryptogames2022Tesla's first-quarter EBIT was 10% higher than the median market expectation; revenue was in line with expectations; gross profit margin slightly exceeded market expectations, enough to offset the continued increase in operating expenses. Furui mentioned that company CEO Musk hopes to appease the market by accelerating the launch of new products, but the risk of compromising on products will increase accordingly. At the same time, Musk insists on developing Robotaxi, but there is still no clear timetable and business model information. The bank also believed that his views on second-quarter revenue growth and inventory declines appeared a bit optimistic on the conference call. The bank gave him a "hold" rating with a target price of $165.
