Category: tesla
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Tesla delivers 405,278 and produced 439,701 in Q4 2022 and stock dropped -15.08 -12.24% to finish at 108.10.
In a January 2nd 2023 press release on Business Wire, Tesla announced its Q4 delivery and production numbers. For last quarter of 2023, it had delivered 405,273 cars and produced 439,701. Annually for 2022, it delivered a total of 1.31 million, a growth of 40% YoY and produced 1.37 million cars or 47% YoY. The…
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Top priorities for Tesla in 2023
Tesla needs to get the Cybertruck to production and deliver to customers. The truck is a big hit and a smooth ramp can grow Tesla’s revenue. In a tweet, investor Dan Ives listed 10 recommendations Tesla should follow to course correct for 2023 for success. The Cybertruck makes it to Dan’s list at #5. Execute…
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Chief Tesla Designer Franz von Holzhausen delivering Tesla cars New Years Eve 2022.
In a tweet, chief designer Franz von Holzhausen posted a photo of him working alongside with the Tesla team at Marina del Rey in the last day of 2022 to deliver “every last car to their new owners”. Franz von Holzhausen (@woodhaus2) / Twitter It’s terrific to see those at the top of the company…
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Tesla tweets 2022 accomplishments and finished $121.81 up 9.11 (+8.08%) on 2nd to last day of 2022
After several days of relentless daily declines, Tesla finishes the 2nd to last trading day of 2022 at $121.81 +9.11 +8.08% on heavy volume of 206,908,242. It finished with PE (TTM) of 37.53 and Forward PE (NTM) 23.36 according to cnbc.com. The PEG is 0.9x and 1 year EPS growth rate is 40.1%. With EV…
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Tesla heading to another 52 week low in the final week of 2022 trading at $112 on concerns about China production.
Tuesday Dec 27, 2022 As of this writing, Tesla is trading at 112.37-10.78 (-8.75%) with heavy volume of 153,588,522. It’s PE is now at 34.49 and forward PE is 21.04. The declines comes after reporting from WSJ that Tesla Shanghai has suspended operation since Saturday and will extend the halt. This did not come from Tesla…
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In 12/22/22 Twitter Space chat on Tesla, Musk talks about recession, stock sales and strong execution
In a chat “Tesla Talk $TSLA @elonmusk hosted by Twitter user StockMKTNewz – Evan, Elon Musk joined and provided more details on what’s going on recently with Tesla stock. Here are the highlights: Musk reiterates that Tesla will become the most valuable company in the world. The exact market capitalization path will not be known.…
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Tesla increases discount to $7,500 for Model 3 and Model Y
The Tesla.com order page now offers $7,500 discount and 10,000 miles free Supercharging. It reads: “Take delivery of a new Model 3 or Model Y between December 21 and 31, 2022 for a $7,500 credit and 10,000 miles of free Supercharging.” The discount is probably offered to match the potential EV credit that will become…
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Tesla Berlin Gigafactory achieved 3k Model Y weekly production rate 12/18/2022
In a tweet from Tesla, they showed photo of Berlin Gigafactory workers and congratulate the team for achieving 3000 Model Y weekly production rate. Projecting this rate to 52 weeks translates to 156,000 annual production. On December 15, 2022, Giga Texas also achieved 3000 Model Y weekly production rate milestone. The increased production rate lowers…
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SEC filing shows Elon Musk sold Tesla shares between 12/12/2022 and 12/14/2022
The reason for Tesla stock underperformance has now been explained by SEC filing that shows Elon Musk has been selling Tesla shares. The proceed can be used to help pay off Twitter’s $13 Billion loan which costs $1 Billion in interest payment. If this is his intention, then he may have to sell more shares…
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November CPI at 7.1%, Nasdaq up 1.01% but Tesla down -4.09%.
The US Bureau of Labor Statistics reported November Consumer Price Index (CPI) increased 7.1% over the last 12 months. This shows inflation is slowing and may have peaked and is improving compared to October. The previous month the inflation rate was 7.7%. Compared to last month, some items actually saw a decline in price. Energy…
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China sold 1.65 million vehicles in November, down 10% from October with Tesla selling 100,291.
Xinhua reported Tesla delivered 100,291 vehicles. That’s up 40% from October and 89.7% from last year. This figure had the benefit of some prior inventory vehicles not delivered last month and also benefited from price cuts. China Passenger Car Association data showed BYD sold twice as many as Tesla at 229,942 total and 114,000 EV.…
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Tesla November 2022 Germany Sales grew 92.7% from last November and 58.7% from January – November.
Germany’s November 2022 KBA automobile sales report showed good results for Tesla. Tesla has sales of 10,819 and account for 4.2% of market. January to November, they sold 52,462 for 2.2% of market. The January to November growth from last year is 58.7%. Tesla’s small percentage in marketshare shows German market is big and there…
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Link between Inflation Reduction Act EV credit and Tesla offering discount for Model 3 and Model Y for December 2022 delivery in US.
In the US, with the Inflation Reduction Act, Tesla cars will once again qualify for incentives for some consumers that meet income limits. Previously there was limit of 200,000 vehicles per manufacturer which Tesla exceeded. The law goes in effect January 1st 2023, Tesla buyer can claim a credit between $3,750 to $7,500. New Inflation…
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Tesla delivers first Semi trucks to Pepsi 12/1/2022
Tesla unveiled the Semi 5 years ago 11/16/2017 and today Semi is a finished product and is delivered to its first customer. At the delivery event, Elon Must provided some key details about the truck and reviewed why they made the product. According a Tesla slide presented at the event, Semi trucks are low in…
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Tesla chief designer Franz von Holzhausen interviewed on CNBC 12/01/2022.
Franz von Holzhausen spoke to CNBC about Semi and Cybertruck. He also hints at a future product he’s is very excited about but is not ready to go public yet. On Semi, he and his team took advantage of the design freedom provided by the space that used to house the engine. He places the…
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Reuter reports that Tesla working on updating Model 3.
In an exclusive report, Reuter reports that Tesla is working on major upgrades to Model 3. The updates will likely include exterior changes but the main focus will be reducing manufacturing complexity. In turn, this will lower the cost to produce the car. Reuter estimates the new Model 3 will be ready in 2023. Also…
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Tesla finished $183.20 up $13.29 7.82% on positive risk/reward comments from analysts on 11/23/2022
Having hit 52 week low, Tesla share prices swing to the positive to finish strong $183.20 up $13.29 for 7.82% gain. Volume was 109,536,709, above the average 80,621,546. Citigroup analyst Itay Michaeli upgraded Tesla from sell to neutral. After the steep decline, his opinion is Tesla is priced reasonably now. He believes Tesla’s financial strength…
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Ferrari (RACE) vs Tesla (TSLA), Tesla PE ratio almost same as Ferrari on 11/22/2022
For reasons that may not be related to financial performance, Tesla stock price has been dropping the past few days. With the most recent drop on 11/22/2022, Tesla’s PE ratio is now approaching that of an established auto manufacturer Ferrari. This company needs no introduction and is famous for their F1 race victories and sporty…
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Elon Musk sells Tesla shares on 11/08/2022, 11/07/2022 and 11/04/2022 and impact from Twitter purchase
US SEC filing shows Elon Musk has sold Tesla shares on three days. These sales had a negative impact on Tesla share prices. This is one reason not to trade options as these events are unpredictable. He has sold 4.4 Million shares and received $843,163,160 on 11/08/2022. His average selling is $191.628. The price range…
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Tesla gets approval from EPA for new Model Y AWD
The EPA website lists a new Tesla Model Y AWD with a range of 279 miles. It has a MPGe rating of an easy to remember 123 eMPG. As inflation hit US and Europe, consumers face higher interest rates. Affordability may limit the number of people who can afford a Tesla EV. In the US,…