Research archive for TSLA

Electric car maker Tesla had results out late last night, after the market close. They were good, delivering a profit of 50c a share, versus consensus expectations of an 11c loss. The stock price rallied by another 4% to $1,660 per share. Lovely!

Yesterday Tesla reported delivery numbers which rocked the market (in a good way if you are long). The share price surged 8%, now trading at $1 208 a share. Over the last year the Tesla share price has gone from $234 to $901 then back down to $427 during the global shut down and then all the way back up to $1 000 and more.

Last week Wednesday, Tesla released their Q1 numbers and the electric car manufacturer turned a small profit for the first time in history. The company seems to have enjoyed a good quarter in both production and deliveries, notwithstanding the coronavirus inspired shutdown towards the end of the first quarter .

On Thursday evening Tesla released their Q1 production figures, which sent the stock higher by 17%. Here are the numbers - produced 103 000 vehicles, which is 2% down from the previous quarter but 34% higher than the same time last year. As is to be expected, their deliveries took a bigger hit, down 21% from the previous quarter.

Yesterday, Tesla CEO Elon Musk tweeted "Congratulations Tesla team on making our 1,000,000th car!!" accompanied by two beautiful pictures. The first picture was of a dazzling red Tesla Model 3, and the second was the Tesla team outside a manufacturing plant, with the same red Tesla Model 3 slap bang in the middle.

In 2018 Elon Musk announced Tesla's new solar roof tiles, and then nothing. Two years later though, installation crews are starting to work their way through waiting lists, and taking more US households off the grid.

When I wrote about Apple's results, I said that the company was polarising amongst analysts, which is true. But they don't come more polarising than Tesla. After results on Wednesday night, the stock shot up 10% to trade at an all-time high of $640. The stock has tripled since August last year. The share price graph tells an interesting story.

The Tesla Model Y prototypes have been spotted at the Tesla head office in the West Coast. The Model Y is a crossover version of the Model 3 and funny enough both cars share about 70% of the same parts. What the two cars are going to have in common is the high demand, thanks to their price point and affordability.

Tesla began the delivery of it's Model 3 yesterday from its Shanghai Gigafactory. The Shanghai factory, the company's first outside of the US, went into production mode in October 2019. This factory is going to play a very critical role in ramping up production to meet the massive electronic vehicle demand in Asia.

Last night Tesla launched their latest model, the Cybertruck. The vehicle is intended to take on the 'Bakkie' and SUV segments, two classes where Americans spend 'big bucks'. The Cybertruck looks like it belongs on Mars though. I'm not sure if I would drive one. Maybe I'm just too traditional?

Now that the Chinese Gigafactory is in production mode, Tesla needs to increase its support network to ensure customer satisfaction - Tesla plans after-sales network expansion in China as Shanghai factory spins up.

Electric vehicle manufacturer Tesla is an interesting investment proposition. I own the shares myself, so I've been on that wild ride. I first bought shares at $17 each on 13 August 2010. They went from there to just under $380 in 2017, and closed at $250 last night, just before releasing their third quarter (Q3) results. (It is up a whopping 20% premarket this morning)

I had forgotten that Tesla is busy working on a new roadster. The original roadster was the car that put Tesla on the map. In a recent podcast, Tesla's chief of design said that the car will be better than the original specs announced when the car was unveiled in 2017.

We have covered Tesla's entry into China closely. As you know, they are flying ahead with the construction of the Gigafactory 3. This video shows the amazing progress in just 1 year.

Tesla was hoping to deliver 100 000 cars in the three months to September, but missed the mark by 3 000. The other issue is the fact that the average price of the Tesla is coming down dramatically as we see ramp up in the Tesla Model 3 which is significantly cheaper than my favourite Tesla Model S.