Research archive for TSLA

On Saturday, Tesla announced that the first Cybertruck had rolled off its Austin, Texas gigafactory assembly line. Delivery to customers should start in the next few weeks, but scaling up of production is only expected early next year.

Just weeks after Tesla signed a groundbreaking charging network deal with Ford, a similar arrangement has been struck with General Motors (GM). GM has agreed to adapt their cars to the Tesla charging stations, allowing GM vehicles to use the network to fill up their batteries.

Ben Evans said the following in his latest newsletter about self-driving cars. "There was a period five years ago when it looked like machine learning might mean we could have fully autonomous cars pretty soon, but the last 20% turned out to be 80% of the work and we're in something of a winter now."

The Tesla Model Y is cooking in China. Despite the big competition, the Model Y was the best-selling model in China in the first quarter of 2023. According to data from London-based research firm JATO, 94 469 units were sold during the period. That shows a 26% year-on-year gain and beats the next best-selling model by more than 20 000 units. It looks like the recent price cuts have been working.

You should not invest in Tesla if you can't handle asset price volatility. It's a high risk holding, run by a crazy genius who is changing the world. I just wanted to say that upfront.

Tesla is back at it again with another round of price cuts. This time, the company has reduced the cost to consumers of its popular Model 3 and Y electric vehicles by at least $1 000, as well as knocking $5 000 off the prices of its more expensive Model S and X models.

Tesla announced that it had delivered a record 422 875 vehicles in the first quarter of 2023, a 36% increase from the same period last year, but only a 4% increase from the previous quarter.

I really like the idea of carbon credits because I believe that the profit incentive is the biggest driver for action and efficiencies. In case you do not know what carbon credits are, here's a quick explainer. A carbon credit is a permit that allows the owner to release a certain amount of carbon into the atmosphere. That permit gets a monetary value and is freely traded. Basically, a company who is a heavy polluter can buy carbon credits from another company that specialises in removing carbon from the atmosphere, by planting many trees for example, a net positive for the environment.

I want to focus on one of Tesla's side bets which often gets overlooked. FSD (Full Self Driving) is an incredibly exciting service and is already making money for Tesla. In the last quarter the company sold $300 million worth of Beta FSD software to existing Tesla clients.

b>Tesla is probably the world's most talked-about company, and they released fourth quarter results on Wednesday. This is always an exciting affair. Revenue for the quarter came in at $24 billion, up 33% year-on-year. This was 1% below the consensus view of analysts who cover the stock. Earnings per share came in at $1.19 which was 40% higher than last year, and 6c better than expectations.

There's been a lot of Tesla hating recently so I have taken it upon myself to remind everyone why this company is so awesome. Tesla still holds the top position as the maker of the most popular electric cars in the US and in many other parts of the globe.

Yesterday we had a few clients asking what we thought of Tesla. Given that the stock is down 70% from its high, this is understandable. Elon Musk's Twitter purchase hasn't been good for the stock because he has had to sell billions of dollars worth of Tesla shares to finance the deal, and now he seems more focused on Twitter than Tesla. Elon's brand and reputation has taken a hit due to his management style at the social media company. Tesla's brand is closely linked to him, so it hurts demand for cars when he falls out of favour.

Tesla has 20 billion electric vehicle charging miles to their name and can safely claim they have the most proven charging connector in North America.

Tesla reported third-quarter earnings after the closing bell on Wall Street last night. I stayed up past my bedtime to watch the numbers hit the wires. Consensus forecasts had revenue at $22.13 billion and adjusted earnings per share at $1.015. They delivered $21.45 billion and $1.05 per share. The stock price fell about 6% in after-hours trade.

On Friday last week Tesla had their AI day which excited geeks all around the world, myself included. Most of the hype was focused on the Optimus robot which was just an idea six months ago and is now an actual humanoid machine that walked onto the stage. If you are into this kind of thing, Tesla Daily has done an edited video of the three-hour event, which compresses all the highlights into 23 minutes.