Research archive for TSLA

Tesla published its fourth-quarter production and deliveries report for 2021. The EV-maker produced more than 305 840 new cars and delivered a total of 308 600 cars in the final quarter of 2021, handily beating analysts' expectations.

Tesla's share price has gone up a lot lately. It's gained 80% in the last six months. In fact, it's up 55% in just the last month!

Wow, Tesla blew past $1 trillion in market value last night. Once the share started gathering momentum, you just knew it was going to happen with style. The car rental company, Hertz, announced that they have ordered 100 000 Tesla's. The resulting share price gains added the equivalent of two Fords to Tesla's market capitalisation. Remember Hertz, they nearly went under but were saved by the Wall Street Bets brigade. All this feels like a movie.

Yesterday Michael mentioned Tesla's new insurance service in his review of their third quarter results. Here in South Africa we are lucky to have very innovative short-term insurers. Their premiums are risk-based, taking account of the way that you drive. In fact, Discovery sold a portion of their stake in a car-tracking technology business to Softbank for nearly a billion Rand in 2019.

Last night Tesla reported their much-anticipated third-quarter numbers. As expected, they beat expectations, but the share price slipped back a little in after-hours trading. The market always has high hopes for Tesla, meaning the expectation is for their numbers to beat expectations, and in this case, the expectation was for them to beat expectations by even more. Does that make sense? Yes.

Byron looked at Tesla's vehicle delivery numbers recently, to see how well the production ramp-up is going. The trend is really impressive, especially if you go back a few years.

There's always a lot of talk about Tesla. At the end of the day, the company just needs to produce a lot of cars to be successful. Over the weekend Tesla reported big delivery numbers for the third quarter of 2021, crushing expectations.

Tesla reported its eighth consecutive quarterly profit last night, cracking through $1 billion in net income. That's 10 times the profit that they made a year ago. Take a look at the CNBC chart below, it really puts their profit transition into perspective.

We often see market capitalisation comparisons between Tesla and other car manufacturers. But is Tesla really just a car company? Sometimes you need reminding that Tesla is far from being just a car company, there is so much more under the hood.

BuyAutoInsurance.com came out with a report titled “10 most popular electric vehicles: 3-year trend (2021 report)”. According to the report, in this three-year study, 568 881 electric cars were sold which accounted for 97% of the US EV market.

Tesla's numbers are always exciting. It used to be all about car production in relation to Elon's often outlandish projections. As the company has matured, the focus is shifting to margin and profit.

Last week Tesla reported their delivery and production numbers for the first quarter of the year. The delivery numbers smashed expectations which pushed the share price 5% higher on Monday. Tesla delivered 185 thousand vehicles in the quarter versus consensus of 170 thousand. They were able to manufacture 180 thousand vehicles in the quarter.

On Monday Bloomberg reported that Tesla will start making cars in India. The company has picked the southern state of Karnataka for it's first plant. The main city in that state is Bangalore. Negotiations are still underway however, Tesla have not made an official announcement yet.

Last week Tesla announced facelifts to their Model S and Model X. It is hard to believe that the current Model S was launched in 2012 - it has aged very well. Most of the changes are to the S, with only minor changes to the X.

Is it a good idea to buy Tesla shares? We get asked that question a lot. South African investors love the association with Elon Musk, who grew up in Johannesburg and Pretoria. In addition, electric vehicle (EV) sales have boomed globally and the company has done very, very well.