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”

Market Wrap – Tesla Earnings Rip and Tear, the Inverse to The Netflix Wipeout April 20, 2022

Tesla had all eyes on it after Netflix lost around a third of it’s value and $TSLA delivered record units at higher prices in the quarter with 1Q revenue $18.8bn,expected $17.92bn on 1Q Adj EPS $3.22 vs. 2.26 and Tesla 1Q Automotive gross margin +32.9%,expected +28.4%. The stock soared back up to $1040 on the news. Despite the selling in tech with $NFLX, $FB and $PYPL, the broader market held up thanks value stocks. The Russell 2000 +0.6% and DJIA … Continue reading “Market Wrap – Tesla Earnings Rip and Tear, the Inverse to The Netflix Wipeout April 20, 2022”

Market Wrap – Bonds Mini Taper Tantrum Wrecks Stocks Rally April 5

The stock market rally came unraveled after Federal Reserve Governor Lael Brainard said The Fed is prepared to take stronger action if inflation and inflation expectations suggest the need. Yields across the curve went to highs for the day and sitting at multi-year highs. Brainard implied a more rapid pace of balance sheet reduction which got the taper tantrum in play and the U.S. Dollar higher. Elon Musk joined the board at Twitter which kept that play out front. We look at the … Continue reading “Market Wrap – Bonds Mini Taper Tantrum Wrecks Stocks Rally April 5”

Market Wrap – Big Day for Punters and Dribblers as Elon Musk Trolls Twitter April 4

Markets continued to lift, driven higher by the mega-caps/growth stocks and Elon Musk as he disclosed a 9.2% passive stake in Twitter (TWTR). The broader market had lackluster day but many of the punter favorites and some of the dribbler stocks continued to show life as averagers continued. Oil popped back over $100, to $103.34, +3.80, +3.8%. Coal prices hit a 13-year high, exacerbating the inflation narrative that helped drive selling interest in the longer-dated part of the Treasury market. We look at … Continue reading “Market Wrap – Big Day for Punters and Dribblers as Elon Musk Trolls Twitter April 4”

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.

Tesla Record Q3 Deliveries Surging 70% yr/yr Despite Chip Shortages

Tesla reported record Q3 deliveries Monday. $TSLA rose +19.58 to 794.80 on the news. Tesla has been able circumnavigate the chip shortages that are plaguing the auto industry and appears to be one step ahead compared to OEMs regarding chips

Tesla Profit Soars to Record $1.1 Billion Crushing Estimates

Tesla reported better than expected Q2 earnings after the market close Monday. $TSLA covered what the analysts focus was on, from Bitcoin, battery, supply chain shortages to CEO Elon Musk’s strategy. To be prepared we go into depth in the key areas to watch for.

GM Backed Wejo partners with Microsoft, Palantir, Sompo For Connected Vehicles

GM backed startup Wejo announced partnerships with Microsoft, Palantir and Sompo Holdings to improve its ability to collect, store and analyze data from millions of connected vehicles around the world. Wejo is going public by merging with SPAC Virtuoso Acquisition $VOSO later this year.

Supply Chain Crunch Battery Demand Squeezing Cobalt Prices Higher

China stockpiling of Cobalt has seen it’s prices soar, rising by about 65 per cent since January. Cobalt is used in batteries for electric vehicles, as well as smartphones, tablets and laptops. China is the world’s biggest importer of cobalt, buying about 95,000 tonnes of it every year.