Research archive for TSLA

According to the China Passenger Car Association, Tesla's August deliveries were surprisingly good. The electric vehicle maker churned out over 77 000 cars for the month, nearly tripling from July and up 74% year-on-year. That was thanks to a big jump in production from its Shanghai Gigafactory. More than 42 000 of those deliveries were exports.

Tesla reported its second-quarter numbers after the market close yesterday. This is its first successive decline in quarterly profit in more than a year as the EV maker recovers from an extended shutdown at its Shanghai gigafactory. The good news is that the results topped expectations despite all the headwinds of a global chip drought and higher material prices.

Tesla just released its second quarter production and delivery numbers showing that the electric vehicle maker delivered 254 695 cars. That's about 50 000 units fewer than the previous quarter, which was an all-time high. This was the first sequential down quarter in a very long time. Covid-19 restrictions in Shanghai forced the firm to shut down that factory for most of the period.

Tesla reported record profits again last night, with earnings per share of $3.22 versus the $2.27 that was expected. The company did caution that their production system is really battling currently with supply constraints and volatile pricing of key components.

Tesla is launching a more affordable version of the Model Y, complete with increased battery capacity. The new battery cells will be twice the size of the current batteries; however, it will hold five times the capacity. Talk about a bump in output!

Tesla announced record deliveries for the first quarter of 310 048 cars, an increase of 68% from a year earlier. On a rolling 12 month basis, this is also the first time they have delivered more than one million vehicles.

Yesterday Bright noted that China is a key growth market for Tesla and other EV players. The surge in Tesla's share in 2020 was arguably kickstarted by the completion of the Shanghai Gigafactory, when the market realised how quickly Tesla would increase production. Rumours are swirling that Tesla is in the process of planning a second Chinese Gigafactory.

On Wednesday night, Tesla reported their 4th quarter and full-year numbers. Tesla is the most actively-traded stock in history, so it always stirs excitement. As long-term holders of Tesla shares, we prefer to look at the trends in the full-year numbers.

The turning point for Tesla, in my opinion, was the construction of the Chinese Gigafactory. The market was caught off guard because in less than a year, Tesla doubled their production capacity, going from one to two factories. It also helped that China was a massive growth market for Tesla.

I've got some bad news. The Tesla Cybertruck webpage no longer mentions 2022 as the year of production for the highly anticipated EV. What's worse is that Tesla gave no reason for the change. This means that sales of the futuristic-looking truck will be delayed further until an announcement is made about its production programme.

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.