Tesla Earnings Excel but Margin Eroding Price Cuts Fuels Investor Profit Taking

Tesla reported Q2 earnings after the market close Wednesday beat EPS and revenue expectations with record vehicle deliveries and moderating raw materials prices. However declining margins, aggressive investment plans, and price cuts saw some profit taking after the big run up in the TSLA stock by over 140% this year. TSLA closed $262.90 -28.36 (-9.74%) today. Guidance that more margin eroding price cuts maybe on the horizon as the EV price war rages on, we saw Ford cut its F-150 … Continue reading “Tesla Earnings Excel but Margin Eroding Price Cuts Fuels Investor Profit Taking”

Wind and Solar Energy Operator Enlight Renewable Energy Downsized IPO Debuts

Enlight Renewable Energy, which operates wind and solar energy projects in Israel, Europe, and the US, raised $252 million by offering 14 million shares at $18. The company had previously been indicated to raise $293 million from the offering. Enlight is the second sizable renewables company to IPO in the US this week; solar tracking equipment company Nextracker (NXT) upsized and rose 26.9% on its Thursday debut. Enlight Renewable Energy listed on the Nasdaq under the symbol ENLT. ENLT IPO Highlights … Continue reading “Wind and Solar Energy Operator Enlight Renewable Energy Downsized IPO Debuts”

Solar Tracking Tech Company Nextracker Upsized IPO Debuts Up 27%

Investors excitement around energy transition was borne out in the successful upsized IPO from Flex Ltd (FLEX) spinout Nextracker Thursday on its public listing. The company, which will trade under the ticker NXT sold 14% more shares and raised 28% more in proceeds than its original terms. Nextracker provides integrated solar tracker and software solutions to enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. NXT raised $638 million by … Continue reading “Solar Tracking Tech Company Nextracker Upsized IPO Debuts Up 27%”

Tesla Reports Optimistic Outlook with Record Revenue and Orders

Tesla reported Q4 earnings after the market close Wednesday of $1.19 earnings per share beating the consensus of $1.13 per share. Revenue rose to $24.32 billion ahead of the consensus $24.16 billion. $TSLA shares rose more than 9% after CEO Elon Musk said the company might be able to produce 2 million cars this year. The Tesla company acknowledged that average sales prices have “generally been on a downward trajectory for many years,” and said “affordability” would be necessary for … Continue reading “Tesla Reports Optimistic Outlook with Record Revenue and Orders”

Tesla Revenues Miss, Margins Decline on Strong US Dollar on Production and Delivery Bottlenecks

Tesla reported Q3 earnings after the market close Wednesday of $1.05 earnings per share beating the consensus of $0.99. Revenue rose to $21.5 billion but missed analysts’ projections of $21.96 billion. $TSLA cited the higher US dollar and higher costs related to a slower-than-expected ramp up in output at the new factories in Austin and Berlin. Additionally, there was difficulties shipping vehicles. Tesla expects to begin delivering the new Semi Truck in December. Tesla shares fell after hours to $214.83 −$7.21 or … Continue reading “Tesla Revenues Miss, Margins Decline on Strong US Dollar on Production and Delivery Bottlenecks”

Tesla Earnings Beat but Margins Decline, sold $936 Million Bitcoin to Raise Cash

Tesla reported Q2 earnings after the market close Wednesday. $TSLA beat by $0.46 and reported revenues in-line and reaffirmed the expectation to achieve 50% average annual growth in vehicle deliveries over a multi-year horizon. The company posted its first sequential decline in quarterly profit in more than a year impacted by an extended shutdown at its Shanghai assembly plant. Tesla also announced they sold 75% of its digital holdings of Bitcoin when freed up around $1 billion in cash. CEO … Continue reading “Tesla Earnings Beat but Margins Decline, sold $936 Million Bitcoin to Raise Cash”

Renewables Sources Make Up 13% of Global Power Generation in 2021

The power generation blend in 2021 shows coal is still the dominant source with 36%, natural gas has increased to almost 23%. Every other major generation source of the mid-1980s has lost relative share and not all to gas. Renewable power is the other big improver, wind, solar, geothermal, biomass and small hydropower has grown from 0.8% of the world’s electricity mix to 13%. Renewables had just 0.8% market share globally in 1985. In 1985, coal-fired power was 38% of global electricity … Continue reading “Renewables Sources Make Up 13% of Global Power Generation in 2021”

Wind and Solar Generate More Energy Than Nuclear Power

With the global energy crisis which has Europe on the ropes with record power prices decimating Germany there is a revival of nuclear energy chatter. Nuclear generation increased over 4% in 2001, the biggest increase since 2004 with Chinese fleet additions the driver.  In 2020, all renewable power generation surpassed all nuclear generation. In 2021, wind and solar surpassed 10% of global generation by themselves overtaking overtook nuclear in annual generation. Since 1985 renewable power (wind, solar, geothermal, biomass and … Continue reading “Wind and Solar Generate More Energy Than Nuclear Power”

China Overtakes Europe as World’s Biggest Renewable Electricity Generator

China’s transition into a major economy has been relentless and with that its energy consumption. While China is the largest user of natural gas and coal it has also evolved to become the world’s largest renewable energy generator. In 2016 China surpassed the US and reached close to 60% of Europe’s total renewable generation. In 2021 China overtook Europe, adding almost 290 terawatt-hours of total renewable electricity generation in one year. Last year, Japan and India generated a combined 302 terawatt-hours.  … Continue reading “China Overtakes Europe as World’s Biggest Renewable Electricity Generator”

Tesla Second Quarter Sales Hit by Dogged Supply Chain Issues and Pandemic Restrictions in China Drop 18% from March

CEO Elon Musk had forewarned investors of the issues Tesla has been facing in China with supply chain issues and pandemic restrictions hampering production of its electric vehicles. It comes as no surprise $TSLA’s sales from April through June fell to their lowest quarterly level since last fall. Musk just last week described new factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce. On Saturday … Continue reading “Tesla Second Quarter Sales Hit by Dogged Supply Chain Issues and Pandemic Restrictions in China Drop 18% from March”