Tesla Reports Optimistic Outlook with Record Revenue and Orders

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    Tesla (TSLA 227.65 -0.87 -0.38%): Tesla (TSLA) had talks last year about taking stake in Glencore (GLNCY), according to FT


    Since Elon Musk closed his #Twitter deal on Oct. 27 Tesla shares have dropped 12%, compared with a 0.7% decline in the S&P 500 Index and 2.8% fall in the Nasdaq 100 Index.
    $TSLA shares have lost its gains from the past 17 months


    Tesla fell to a new 52-week low, one of the biggest losers among the mega cap stocks.
    $TSLA 167.87, -12.32, -6.8%

    Tesla continues to feel the brunt of Elon Musk’s focus on Twitter


    Tesla was trading up 2% at $186.80 +3.57 despite recalling 80,000 vehicles in China via Wall Street Journal
    Now $TSLA $181.89 ▼ -1.31 (-0.72%) today


    Tesla $TSLA $178.39 ▼ -4.06 (-2.23%) today with continued selling in $SPX & $NDX

    One wonders how many buyers in the U.S. are holding off on making a purchase until January 1, when the new Electric Vehicle $7,500 tax credit kicks in?


    Earlier in the week we saw Bloomberg broke a story that Tesla is cutting its December Model Y production by 20% at its Shanghai plant. TSLA has since refuted the story, but the stock traded sharply lower, signaling that investors remain uneasy about the demand situation.

    The report follows a 5-10% price cut in October for TSLA’s Model 3 and Model Y in China, and this ominous tweet from Elon Musk on November 30: “Trend is concerning. Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession.”

    A slowdown in demand would be especially problematic because TSLA has aggressively ramped up its production. Not only is the company boosting output at its recently launched Austin, Texas and Berlin, Germany facilities, but it also recently modernized and reconfigured its Shanghai plant to increase production.

    In fact, Shanghai churned out a record 100,290 vehicles in November, according to CPCA data, which represents a new monthly record for TSLA.

    The good news is that higher production leads to greater manufacturing efficiencies, which is a positive for automotive gross margin and operating margin. In Q3, automotive gross margin remained flat sequentially at 27.9%, despite facing a difficult comp in Q2 when ASPs jumped due to a lower mix of production coming from Shanghai. However, if demand wavers, the increase in output could translate into ballooning inventory levels and ultimately more price cuts and sagging margins.


    Tesla down to $170.24 ▼ -3.80 (-2.18%) today on news that Elon Musk’s bankers could provide him with new margin loans supported by $TSLA stock to replace high interest #Twitter debt, according to Bloomberg.


    US 30-year fixed #mortgage rate falls to 6.33% vs 6.49% a week earlier says Freddie Mac
    Follows MBA rates yesterday -8bps to 6.41% in week ended December 2nd.


    So you wanna be a cowboy … Hits keep coming on #Tesla

    Price target lowered to $235 from $305 at Goldman Sachs, according to CNBC;
    Investors are concerned about CEO Elon Musk’s focus on Twitter, according to WSJ
    158.65 -2.30 (-1.43%) Pre-Market


    Tesla CEO Elon Musk says “I will resign as CEO (of Twitter) as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams”

    $TSLA 139.45 +1.65 (+1.20%) Pre-Market
    After -12.07 (-8.05%) to 137.80 Tues


    The Tesla car wreck continues.

    $TSLA 127.74 ▼ -9.83 (-7.15%) today
    Wiped out 2 years of gains
    News Tesla will offer $7,500 discounts on Model 3 & Model Y cars this month
    Tax loss selling
    Fallout on Twitter takeover with Musk losing his mystique


    More negative news for Tesla, suspended Shanghai plant production, according to Reuters

    Production 17 days in January Jan. 3 to Jan. 19 stop electric vehicle output Jan. 20 to Jan. 31 for Chinese New Year

    Tesla did not specify a reason for the production slowdown in its output plan. It was also not clear whether work would continue outside the assembly lines for the Model 3 and Model Y at the plant during the scheduled downtime. It has not been established practice for Tesla to shut down operations for an extended period for Chinese New Year.

    Tesla did not immediately respond to a request for comment from Reuters.

    Tesla shares were down 5.8% at $116 in premarket trading. The stock has dropped 56% since the start of October with investors citing concern about demand, including China, and the overhang of Chief Executive Elon Musk’s involvement in Twitter and his recent Tesla share sales.

    Tesla suspended production at its Shanghai plant on Saturday, pulling forward an established plan to pause most work at the plant in the last week of December, Reuters has reported.



    Tesla Inc 52wk Low of $108.25 (was lower premarket) was first major target since $200 the breakup level from August/Sept 2021.
    NASDAQ: $TSLA 111.61 ▲ +2.51 (+2.30%) today

    ARK Innovation ETF (ARKK) purchased 25K shares of TSLA; Barron’s out with a cautious view on TSLA

    Watch OI here, has tax loss/hate selling been sated?


    Entering today Mega Caps were crushed in December:
    Tesla down 42%
    Apple down ~15%
    Vanguard Mega Cap Growth ETF down 11.3%

    Today’s Bounce:
    $TSLA 121.82 +9.11, +8.1%
    $AAPL 129.61 +3.57, +2.8%
    $MGK 172.47 +4.26 +2.53%


    EV stocks Rip ahead of Tesla earnings
    – Short covering, Index

    $TSLA 144.62 ▲ 11.20 +8.40%
    $RIVN 18.05 ▲ 1.82 +11.24%
    $FSR 7.34 ▲ 0.56 +8.17%
    $LCID 8.64 ▲ 0.82 +10.48%
    $FFIE 0.83▲ 0.21 +34.88%
    $NIO 12.16 ▲ 1.09 +9.89%
    $XPEV 10.22 ▲ +0.82 +8.78%

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