Tesla stock

Shares of Tesla fell after the electric vehicle maker reported third-quarter revenue that missed analyst estimates. In a note to investors, tech analyst Toni Sacconaghi of Bernstein said Musk's performance on the “earnings call didn't sit well with us.

"The factories are running at full speed and we're delivering every car we make, and keeping operating margins strong." Revenue came in light at $21.45 billion, which missed analysts' expectations of $21.96 billion. The company said on its earnings call that, while it expects 50% annual growth in production this year, its deliveries may fall just under 50% growth "due to an increase in the cars in transit at the end of the year." - The company said on its earnings call that, while it expects 50% annual growth in production this year, its deliveries may fall just under 50% growth "due to an increase in the cars in transit at the end of the year." [said in a note on Thursday.](https://www.cnbc.com/2022/10/20/bernstein-says-musk-was-curt-and-almost-dismissive-on-earnings-call-sees-stock-dropping-nearly-30percent.html) "Answers to many questions on the earnings call were curt and almost dismissive, with CEO Musk instead repeatedly making very bold prognostications about Tesla's future and capabilities." - In a note to investors, tech analyst Toni Sacconaghi of Bernstein said Musk's performance on the earnings call "didn't sit well with us."

Shares of Tesla fell Thursday after the electric-vehicle maker cut its full-year growth expectations. On Wednesday afternoon, the company released its ...

Through Wednesday, the company's stock had lost 37% this year, outpacing a 22% loss in the S&P 500.\n\nThe company's market value now stands at about $695.8 billion, down from a peak of about $1.24 trillion reached in January of this year, according to FactSet.\n\nDig deeper:\n\nTesla Stock Falls After Releasing Quarterly Results\nElon Musk Says Tesla Share Buyback Possible\nMusk Sees More Deflation Than Inflation\nTesla's 2022 Deliveries to Fall Short\nTesla Remains Focused on Boosting Output\nStrong Dollar, Inefficiencies Dent Tesla's Results Shares of Tesla fell Thursday after the electric-vehicle maker cut its full-year growth expectations.\n\nOn Wednesday afternoon, the company released its third-quarter results, reporting nearly $3.3 billion in profit on $21.5 billion of revenue. But it fell short of Wall Street expectations.\n\nThe company also said it will come in just shy of its 2022 goal of growing vehicle deliveries by 50% this year.

Tesla shares moved lower Thursday, extending a six-month decline that has loped more than $350 billion from the world's most valuable carmaker, ...

But we want to work through the right process." "This means that, again, you should expect a gap between production and deliveries in Q4, and those cars in transit will be delivered shortly to their customers upon arrival to their destination in Q1." "We have begun to smooth the regional builds throughout the quarter to reduce our peak needs for outbound logistics," CFO Zachary Kirkhorn told investors on a conference call late Wednesday. "We expect this to simplify our operations, reduce costs, and improve the experience of our customers. "On the delivery side, we do expect to be just under 50% growth due to an increase in the cars in transit at the end of the year, as noted, just above," he added. [basis point](https://www.thestreet.com/dictionary/b/basis-point-bp) decline from last year, Tesla said, and flat to the figure recorded over the second quarter, owing to put a surge in input costs and expenses linked to the ramp-up of new factories in Austin and Berlin.

Despite missing earnings estimates, Musk was optimistic about Tesla, expecting the company to continue to grow deliveries by 50% year over year.

[unexpected u-turn](https://www.forbes.com/sites/dereksaul/2022/10/04/twitter-shares-soar-22-after-musk-offers-to-buy-company-at-original-price/?sh=301ca1634d41) earlier this month, Musk announced he will follow through with his original $44 billion offer to acquire the social media company, after trying to terminate the deal earlier. On Wednesday’s earnings call, Musk acknowledged he was “obviously overpaying for Twitter right now,” but stated the platform’s long term potential was “an order of magnitude greater than its current value.” Musk has previously [indicated](https://www.forbes.com/sites/madelinehalpert/2022/10/05/if-musk-turns-twitter-into-x-his-everything-app---heres-what-it-might-look-like/?sh=51bbdbc3d3d9) he wants to turn Twitter into his vision of a “super app” called X. [Tesla Stock Drops After Missing Revenue Expectations](https://www.forbes.com/sites/nicholasreimann/2022/10/19/tesla-stock-drops-after-missing-revenue-expectations/) (Forbes) [China](https://supplychaindigital.com/logistics/tesla-blames-china-lockdowns-supply-chain-problems) and [Germany](https://fortune.com/2022/07/04/tesla-germany-elon-musk-berlin-gigafactory-brandenburg-gruenheide-production-manufacturing-problems/). In an [missed](https://www.forbes.com/sites/nicholasreimann/2022/10/19/tesla-stock-drops-after-missing-revenue-expectations/?sh=6101b40b1d2e) revenue expectations in its third-quarter earnings report released a day earlier.

In early trading on Thursday, investors seemed to be overly focused on the EV giant's third-quarter revenue falling a little short of Wall Street's ...

Operating margin (operating income divided by revenue) landed at 17.2%, up from 14.6% in the year-ago period. It plans to begin deliveries to PepsiCo in December. Supercharger connectors grew 33% year over year to 38,883. Sequentially, it was flat, as it was also 27.9% in the second quarter. Free cash flow skyrocketed 148% to $3.3 billion. Adjusted for one-time items, net income came in at $3.7 billion, or $1.05 per share, up 69% year over year. GAAP net income was $3.3 billion, or $0.95 per share, up 98% from the year-ago period. - Energy generation and storage revenue rose 39% to $1.1 billion. While this is a strong auto gross margin, it was down from 30.5% in the year-ago period. The stock's drop is probably largely attributable to the quarter's revenue coming in a little lighter than Wall Street's consensus estimate. There was much to like about the report. [TSLA](/quote/nasdaq/tsla/) -3.88%) stock is down 7.2% on Thursday as of 9:52 a.m.

Investors are wary that the electric car maker may miss its growth targets due to inflation and logistical challenges.

Some analysts say Musk may need to sell about $3bn more in stock after the earnings announcement to help fund the deal. There is going to be a shift to EVs.” At least five brokerages on Thursday cut their price target on the stock, citing softer car deliveries in 2022. [new factories in Berlin and Texas](/economy/2022/6/23/teslas-texas-berlin-factories-losing-billions-of-dollars) and the production of its new breakthrough 4680 batteries, according to Tesla’s statement. In its quarterly earnings report on Wednesday, the company pointed to challenges it was facing on the logistics front and said it might miss its target of 50 percent delivery growth this year. Tesla stock, which is down 37 percent so far this year, fell to a 16-month low of $202.15 in early trading on Thursday and was set for its worst day since June.

Shares of Tesla (TSLA -6.65%) declined 6.7% on Thursday after the electric vehicle (EV) maker's sales and delivery forecast failed to impress investors.

The company's vehicle deliveries rose to 343,830, up from 241,391 in the year-ago period, representing growth of 42%. Tesla's revenue surged 56% year over year to $21.5 billion in the third quarter. [TSLA](/quote/nasdaq/tsla/) -6.65%) declined 6.7% on Thursday after the electric vehicle (EV) maker's sales and delivery forecast failed to impress investors.

Tesla's Q3 earnings results beat on EPS but missed on revenue. Read why I consider yesterday's release a negative catalyst but rate TSLA stock a Hold ...

Xi Jinping recently signalled at China’s party congress that he would not be ending zero COVID, so this remains a risk to watch out for. Finally, we have the other elements of free cash flow: capital expenditure and working capital. So I won’t forecast continual declines in costs, but I will assume that they grow slower than revenue, to account for the fact that management is trying to keep them under control. $12 billion is about 1.7% of Tesla’s market cap, and 60% of one day’s [dollar trading volume](https://finbox.com/NASDAQGS:TSLA/explorer/volume_dollar_avg_3m). Musk’s $4 trillion Tesla stock price target is a red flag, not because it’s impossible to hit, but because it signals that Musk feels an urgent need to "gin up" TSLA stock. [trades at](https://seekingalpha.com/symbol/TSLA/valuation/metrics) 50 times earnings and 49 times cash flows–multiples that, although high, are no higher than the P/E ratio Amazon ( [AMZN](https://seekingalpha.com/symbol/AMZN)) has sustained for decades. At today’s prices, it It is quite possible that Musk will have to sell more Tesla stock in order to buy Twitter. Is a dump coming next?” In fact, she even implied in the article title that more sales were planned. However, the after-hours trading turned decisively negative just a few minutes after the markets closed. Further, TSLA rose in the earliest minutes of after-hours trading, as the The quarter was marred by a number of issues, including supply chain issues in China, the Twitter ( [TWTR](https://seekingalpha.com/symbol/TWTR)) deal, and [inflation](https://seekingalpha.com/news/3892865-tesla-skids-lower-as-logistical-slowdowns-fx-factor-into-light-revenue-tally).

Elon Musk sees Tesla Inc. becoming bigger than the combined valuation of Apple Inc. and Saudi Aramco one day. Wall Street is saying, not so fast.

This is the first time the company missed revenue estimates since the third quarter of 2021, data compiled by Bloomberg show. The electric-vehicle maker reported lackluster third-quarter results on Wednesday, with revenue and margins missing estimates even as profit beat. [Tesla Inc.](/quote/TSLA:US) becoming bigger than the combined valuation of Apple Inc.

Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai ...

So what we’ve got is a car company that makes four cars and a truck. Much more than four cars and a truck, at least, and it has the demonstrated history of doing so. That’s because the company’s share performance isn’t based off of where Tesla is now, it’s based off of where it is going – or where Musk convinces investors it is going: Tesla’s cars will drive themselves. And, if we’re being charitable, let’s say Tesla makes the Semi, too, even though it has not delivered any. At $54.20 a share, he is “obviously overpaying” for Twitter, Musk said on the earnings call. On Wednesday evening’s earnings call, the Tesla CEO claimed that his company, a maker of niche luxury cars, would someday be worth more than Apple and Saudi Aramco. A full-size SUV, which competes with other full-size offerings from Mercedes, Porsche, Volkswagen, Audi, BMW, General Motors, Toyota, and many others. A full-size sedan, which competes with similar. A sports car. Musk said his cars would drive themselves, and they do not. After all, we’ve seen things much unlikelier come to fruition in the financial markets. Tesla’s market value is $650 billion – down 7% after the company walked back a projection of 50% growth this year.

The visionary CEO may have spilled key details over his upcoming Master Plan Part 3 as he looks to sell down shares ahead of his likely $44 billion Twitter ...

“We’re still on track to enter early production middle of next year,” said Lars Moravy, head of engineering, during the call. He may have just unveiled the core thinking of his Master Plan, well timed to help him finance his Twitter purchase. “It is certainly possible for us to do a buyback on the order of five to ten billion dollars even in a downside scenario for next year. CYBERTRUCK: The company is in the final lap of preparations with tooling beginning in GigaTexas. When exactly this target should be reached is unclear, but Musk’s massive new GigaTexas factory is designed currently to produce 100 GWh of cells. Now volume has tripled quarter over quarter and the focus is shifting towards optimizing cost. 1 at long last, and after a gradual year-long ramp, he is tentatively aiming to manufacture 50,000 units come 2024—alone for North America. In fact, the company should continue growing customer vehicle deliveries at its current blistering pace of 50% or more on average every year. NEXT-GEN CELLS: Last quarter Musk admitted difficulties getting his 4680 cells to meet his expectations. Later in the call, Musk added that the rebranded robotics and A.I. Even if next year is a very difficult year,” Musk said. “This is the first time I’ve seen that potential.”