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”

Elon Musk’s SpaceX Valued at $137 Billion in New Funding Round

Space Exploration Technologies Corp. (SpaceX), the most valuable private company in the US, is reported to be raising $750 million in its latest funding round putting the value at $237 Billion according to a CNBC report. The company was offering the shares for $77 apiece in December according to people who asked not to be identified because the information wasn’t public. The $137 billion figure compares with a $127 billion valuation in July, according to data provider PitchBook. Andreessen Horowitz … Continue reading “Elon Musk’s SpaceX Valued at $137 Billion in New Funding Round”

Tesla Used Cars the Last Domino to Fall in Stock and Branding Rout

Tesla was the green technology, electric vehicle and ESG golden child run by the world’s living genius, then it all come back to earth swiftly. There are many facets of this fall, the last domino appears to be Tesla vehicles resale value. Used car prices in the US have gone from hyperinflation to deflation very quickly in 2022. In November’s CPI the used cars and trucks index declined 2.9% month-over-month and was down 3.3% year-over-year. However, used car prices this … Continue reading “Tesla Used Cars the Last Domino to Fall in Stock and Branding Rout”

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”

VW Closing the Gap on Tesla in The Great EV Race

Volkswagen has been quietly moving along closing the gap with Tesla as the leading maker of electric cars. VW is in a solid place behind Tesla on EVs and making progress on battery production, charging infrastructure and software, Chief Executive Officer Herbert Diess said Wednesday at a tech conference in Berlin. In Europe we have already seen Tesla go from number one at 33% EV market share in 1919 to just 10% market share and 5th place. However, VW had a 47% EV … Continue reading “VW Closing the Gap on Tesla in The Great EV Race”

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”

Tesla Delivers Record Earnings Despite Global Supply Chain Headwinds

Tesla reported record Q1 earnings after the market close Wednesday. The takeaway was $TSLA with the foresight of tying up key commodities such as nickel, rare earths and lithium earlier got them ahead of the inflation curve. This made the company able to relentlessly focus on manufacturing. From that gross automotive margin were 30.5%, up from 28.4% over the previous quarter. Even excluding credit sales, operating profit was a record and much better than Wall Street expected. What excited the … Continue reading “Tesla Delivers Record Earnings Despite Global Supply Chain Headwinds”

Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity

Japan’s Panasonic unveiled a new prototype battery specifically for U.S. electric-car maker Tesla. The advanced battery has five times current capacity. The battery will cost 50% less to produce and help boost battery production at Panasonic “100-fold,” by 2030. Panasonic shares rose nearly 6% on the news. Panasonic Prototype Battery For Tesla The company’s battery chiefKazuo Tadanobu unveiled the new battery for the first time at a media roundtable, he also said Panasonic had no plans to make cheaper Lithium … Continue reading “Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity”

Tesla Delivers Record Earnings Despite Global Supply Chain Headwinds

Tesla reported record  Q3 earnings after the market close Wednesday. $TSLA made $1.62bn in the third quarter, beating its old record $1.14bn last quarter. Tesla said it expects sales to grow an average of 50% annually.Gross automotive margins were 30.5%,up from 28.4% over the previous quarter.