Tesla stock

Wall Street has grown decidedly pessimistic about Tesla, fearful that Elon Musk, its chief executive, is too focused on Twitter.

A new law abolished a limit on the number of vehicles from any one manufacturer that were eligible for tax credits of up to $7,500. Musk to focus his energy on Tesla, said the fourth-quarter deliveries were decent considering the difficult economic environment. The growth of Tesla sales exceeds any major rival in percentage terms. Car buyers, especially the left-leaning, environmentally aware consumers who tend to buy electric cars, also appear to be turning away from Tesla because of Mr. His erratic behavior at Twitter and heated rhetoric on the social media platform have But the company faces more intense competition from traditional carmakers like Ford, General Motors and Volkswagen. Musk’s ability to achieve world domination in the auto industry. Fourth quarter deliveries were below the forecasts of analysts, who had already lowered their expectations, and less than Tesla executives had suggested just a few months ago. That was short of the 50 percent annual growth target Tesla had set for itself. Wall Street analysts had predicted that Tesla would sell around 420,000 vehicles, up from 343,000 vehicles in the third quarter. China, the world’s largest car market, is a big focus of investor concerns. Indications that Tesla is mortal have contributed to a

Tesla just reported 2022 year-end vehicle production and delivery numbers. In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and ...

Musk appointed himself CEO of Twitter and has stirred controversy by making sweeping changes to the company and its social media platform. Musk sold billions of dollars worth of his Tesla holdings last year to finance a leveraged buyout of the social media business Twitter. [shareholder presentation](https://tesla-cdn.thron.com/static/WTULXQ_TSLA_Q3_2022_Update_KPK2Y7.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22tsla-q3-2022-update.pdf%22), Tesla wrote: "Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000. In his e-mail, Musk also encouraged employees not to be "bothered" by what he characterized as "stock market craziness." That brings Tesla's 2022 full year deliveries to around 1.31 million vehicles. Correction: This story has been updated to reflect the correct numbers for Model 3 and Y, and Model S and X vehicle deliveries for the fourth quarter of 2022. Shares of Tesla started to rise again in the final days of December 2022, in anticipation of record fourth-quarter and full-year deliveries. In the fourth quarter of 2022, Tesla said deliveries of its entry level Model 3 sedan and Model Y crossover amounted to 388,131, while deliveries of its higher end Model S sedan and Model X SUV amounted to 17,147. - In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles. [@TroyTeslike, said that 24 sell-side analysts](https://twitter.com/TroyTeslike/status/1608952966958174208) expected Tesla deliveries of about 417,957 on average for the quarter (and about 1.33 million deliveries for the full year). - In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

Tesla deliveries fell well short of guidance for the year. Production again outpaces deliveries by a sizable amount. Read what this all means for TSLA ...

The ongoing production ramps of the Berlin and Austin factories should improve margins from those facilities, although more production out of Europe that takes away sales of China made vehicles and the closing down of the Shanghai plant for a week or so in December could be a small drag. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Management will talk about regional builds, but it has been talking about eliminating the end of quarter delivery surge for years and still hasn't done much about it. As a result, the company produced more than 56,500 vehicles more than it delivered in the back half of 2022. As for Tesla shares, this news was certainly not welcome for those looking for a short-term rebound. On the flip side, the company will likely recognize a bit of its deferred full self-driving revenue that's been held back for years, which should offset some of these sequential average revenue per vehicle losses. I will be very curious to see Tesla's automotive revenues per vehicle delivered when we get Q4 results in about three weeks (including leases and credits), especially given all the discounts out there. The delivery result is even more disappointing when you consider a few important items. Despite that number being a bit below where the street was just a few weeks earlier, the actual figure fell almost 13,000 units short. Musk said back in early 2019 that Tesla would soon fix the delivery surge that results in a lot of deliveries late in the quarter. Early in 2022, some of the company's biggest supporters were hoping for the name to deliver more than half a million vehicles in the last quarter of the year. The first thing that one will notice is that production significantly outpaced deliveries for the second quarter in a row.

Tesla Inc. delivered fewer vehicles than analysts expected last quarter, missing estimates despite taking the unusual step of offering hefty incentives in ...

While the total was a quarterly record for Tesla, the company opened two new assembly plants last year and still came up short of its goal to expand deliveries by 50%. [405,278 vehicles](/news/terminal/RNVC0CMEQTXC) to customers in the last three months, short of the [420,760](https://www.bloomberg.com/news/articles/2022-12-30/tesla-poised-for-another-delivery-record-despite-demand-concerns) average estimate compiled by Bloomberg. [Tesla Inc.](/quote/TSLA:US) delivered fewer vehicles than analysts expected last quarter, missing estimates despite taking the unusual step of offering hefty incentives in its two biggest markets.

Zinger Key Points · Tesla, Inc. · What Happened: Austin, Texas-headquartered Tesla delivered more than 405,278 cars in the fourth quarter, according to an update ...

The string of price cuts, not only in China but also in the U.S. The stock has upside resistance around the $129 and $146 levels. Further down, the stock has support around the $94.5 level. Production disruption due to a COVID-19 outbreak shuttered the company’s Giga Shanghai plant for about a month starting in late March. Delivery growth of 40% and production growth of 47% in 2022. Future Fund’s Gary Black, who has delved into Tesla’s woes multiple times recently, has said a lack of lower-priced cars in China is hurting Tesla. What Happened: Austin, Texas-headquartered Tesla delivered more than 405,278 cars in the fourth quarter, according to an update from the company on Monday, and produced over 439,000. Tesla announced price cuts in other regions as well. The Giga Shanghai closed down yet again in July for factory upgrades. ~440k cars made and ~405k delivered in Q4. The consensus estimate compiled by Tesla’s investor relations was 417,957 units. A smoother delivery pattern will require more vehicles in transit, which is why production > deliveries.— Martin Viecha (@MartinViecha)

Tesla posted weaker-than-expected fourth quarter deliveries, the carmaker detailed Monday, but still notched a all-time high overall tally for the year amid ...

Jonas noted the group "may be in position to extend its lead vs. "Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2022 in light of significant COVID and supply chain related challenges throughout the year." For the year, however, the stock is down nearly 70%, its worst decline on record, and lost more than $706 million in market value. It will also host an Investor Day on March 1. "We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter," Tesla said in a statement. Tesla delivered 405,278 new cars over the three months ending in December, the company said in a statement, up 31.5% from last year and 18.1% from the 343,000 tally reached over the three months ending in October.

As Tesla Inc. shares slumped to their worst performance on record at the end of 2022, the electric-vehicle company delivered fewer cars than analysts ...

Tesla’s stock suffered its worst month, quarter and year on record as it headed for the sales result delivered Monday. Tesla only managed to hit or exceed that goal in a single quarter this year, while lapping disappointing year-ago results in the first quarter. Analysts on average expected Tesla to deliver 427,000 cars, according to FactSet, and the miss will not reduce whispers about potential issues with demand for Tesla’s electric vehicles. Sacconaghi has an underperform rating and $150 price target on the stock, but more bullish analysts also see issues. “We also worry about the potential for broader market pressure amid higher rates/slower consumer spending, continuing to impact higher valuation stocks such as TSLA disproportionately.” For the full year, Tesla delivered 1.31 million cars, up about 40% from 2021, while producing roughly 1.37 million.

Jan 2 (Reuters) - Tesla Inc (TSLA.O) on Monday reported record production and deliveries for fourth-quarter electric vehicles, but it missed Wall Street ...

The automaker also hinted at a "generation 3" platform to show its investors on Investor Day. Analysts and retail shareholders feared demand issues stemming from an uncertain economy would dent the company's target to grow deliveries by 50% annually. Musk said in October that Tesla was working on a "next-generation vehicle" which will be cheaper and smaller than the Model 3 and Model Y cars. Register for free to Reuters and know the full story Tesla said in a separate statement that it plans to host its Investor Day on March 1 and livestream the event from its Gigafactory in Texas when it will discuss longterm plans for expansion and capital allocation. Delivering fewer cars than it makes has been rare for the automaker, which in previous quarters delivered more or similar numbers to the vehicles produced.

Tesla's (TSLA) stock is up 600% over the past five years, while Honda's (HMC) stock is down 33%. Read more as I compare their prospects and pick one.

If you know the industry well, perhaps you can predict who's about to gain share, like Toyota did in the 1990s, and make a remarkable return. But, because 95% of Tesla's sales come from its EV business and related services where the company's losing share and may see margins contract, I expect EPS to grow at a slower pace. The company's a cyclical, slow growth business, but has managed to grow its earnings per share at 4.2% per annum since 2000. Honda has a mid-teens operating margin in motorcycles, while Tesla has a mid-teens operating margin in EVs. The Company may also acquire its own shares at a timing that it deems optimal." [interview](https://www.youtube.com/watch?v=nlauQjDx5GM), "Anytime there are [high] expectations, which don't come true, the market is likely to have a very strong reaction." This is because Honda has a terrific market share in Motorcycles: To simplify, Tesla's revenue comes from two sources, automotive (EVs) and energy generation and storage (Energy). Honda has a P/E of 8.5x and a price to tangible book of 0.5x. [HMC](https://seekingalpha.com/symbol/HMC)), which sells for half its tangible book value (The value of hard assets owned by you, the shareholder) and has an investment grade credit rating. In the decade ahead, I project total returns of 5% per annum for Tesla and 13% per annum for Honda. Luxury car companies like Tesla, Mercedes-Benz ( [OTCPK:MBGYY](https://seekingalpha.com/symbol/MBGYY)), and BMW ( [OTCPK:BMWYY](https://seekingalpha.com/symbol/BMWYY)) have seen their profit margins explode over the past three years:

Good morning. Five-day strikes by UK union workers, consensus view among Wall Street's bigwigs and the world may just avoid a natural gas crisis. Here's what ...

The protests stem from growing anger over the tightest cost-of-living [squeeze](https://www.bloomberg.com/news/articles/2022-12-30/rishi-sunak-s-tax-rises-to-worsen-uk-s-cost-of-living-squeeze) in memory. Union workers will [strike](https://www.bloomberg.com/news/articles/2022-12-30/uk-train-strike-january-dates-when-is-the-next-one-and-on-which-operators) for five days starting Wednesday, snarling the usual return to work following the holidays and interrupting January sales that are crucial for retailers. [walk off](https://www.bloomberg.com/news/articles/2023-01-02/uk-strikes-and-crumbling-health-service-add-headaches-for-sunak) the job much of this week, paralyzing transport and adding to the troubles piling up for Prime Minister Rishi Sunak’s government.

Tesla shares moved lower Tuesday, following on from their worst annual performance on record, after softer-than-expected fourth quarter delivery figures and ...

Tesla Inc. (NASDAQ: TSLA) shares are retreating in the premarket of the first trading session of the new year.

If the broader market sentiment lifts the stock, it could recoup its premarket losses and settle around its recent trading range. The index futures, however, point to a notably strong start on Tuesday. Nevertheless, the 2022 delivery growth of 40.34% trailed Tesla's long-term target of 50% growth. The company delivered record quarterly sales of 405,278 cars and record annual deliveries of 1.314 million units. [in the premarket ](https://www.benzinga.com/premarket/)of the first trading session of the new year. [fourth-quarter deliveries report ](http://https://www.benzinga.com/news/23/01/30250895/tesla-q4-deliveries-fail-to-clear-lowered-bar-what-ev-investors-need-to-know)that was released on Monday.

Tesla CEO Elon Musk tells workers not to worry about 'stock market craziness'. Yahoo Finance's Pras Subramanian joins the Live show to discuss reports that Elon ...

By Senad Karaahmetovic. Shares of Tesla (NASDAQ:TSLA) are down more than 3% in pre-open Tuesday after the electric vehicle (EV) maker reported it delivered ...

At ~30x consensus ’22 EPS and with sentiment already quite negative, an argument can be made that much of the bad news is already priced in,” they wrote in a note. reduced estimates & post recent price actions) will likely escalate concerns over NT macro/competitive demand pressures at a time when Tesla is adding significant capacity on existing products. expectation could be particularly injurious to long-term investor expectations,” they wrote. According to Goldman Sachs, Tesla’s Q4 deliveries were also below the buy-side consensus. “The fact they cleared that level is a modest positive,” the analysts wrote in a note. Still, the analysts remain Buy-rated on Tesla as the EV maker is “well positioned for long-term growth given its position as a cost and full solution leader in clean mobility/EVs (a market that we expect to exhibit significant long-term growth).”

Tesla (TSLA) shares slid over 4% in premarket trading as Q4 deliveries came up short of estimates, leading Wall Street to voice concerns on demand dynamics.

Sacconaghi said that Tesla ( [TSLA](https://seekingalpha.com/symbol/TSLA)) is “facing a significant demand problem” into 2023. [by nearly 15K](https://seekingalpha.com/news/3921407-tesla-delivers-405278-cars-in-q4-misses-estimates), falling below that bar despite “aggressive price discounting” into year-end. “We believe Tesla will either need to reduce its growth targets (and run factories below capacity) or sustain and potentially increase price cuts globally, pressuring margins.” “Meanwhile, valuation appears to be pricing in upside related to expansion into mass-market segments well beyond our volume forecasts for the Model 3.” (TSLA)](/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATSLA)By: [Kevin P. Curran](/user/56355736/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews), SA News Editor [14 Comments](#comments)

Tesla delivered a record number of vehicles in 2022 - but that was not enough to stop its share price sliding to its lowest level in over two years.

Tesla shares slumped to their lowest level in 29 months in the final days of 2022 after suffering a sharp fall late in the year. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. Notably, the 41 brokers that cover the stock believe the selloff in 2022 has provided an opportunity considering they have an average target price of $240.50, which is over 95% above current levels. If it can achieve this, then the stock can recapture the $152 level of resistance seen in September and October 2020 before targeting the November 2022-low of $167.50. A fall from here risks bringing in the key psychological level of $100 back into the picture. Still, while much more reasonable, Tesla continues to trade at a huge premium compared to its rivals because it is the only pure-play electric carmaker delivering profits – with newer startups earning much lower multiples because they are still in the red and traditional automakers still being punished for their legacy businesses built around combustion engines. CEO Elon Musk vowed to get on top of this issue back in October, but the situation appears to have worsened considering it produced over 34,400 more vehicles than it delivered in the fourth quarter, up from the 22,000 gap reported in the third. Analysts currently anticipate the carmaker will produce 1.96 million cars in 2023 and deliver 1.88 million of them to customers. Tesla shares fell 65% in 2022, marking the worst performance on record since the electric carmaker went public back in 2010. The company has also announced it plans to hold an investor day on March 1, which will be livestreamed from its Gigafactory in Texas. This saw the gap widen between the number of vehicles being made to the number being delivered in the second half, as demonstrated by the chart below. Widespread supply chain issues held back growth in both output and deliveries in the first and second quarters of 2022, as did severe Covid-19 disruption in China.

Tesla delivered 405278 vehicles in the fourth quarter of 2022. Wall Street was looking for closer to 420000 units. Shares are down in early trading on ...

Wall Street analysts are cutting [price targets](https://www.barrons.com/articles/tesla-stock-price-target-cut-51671786467?mod=md_stockoverview_news&mod=article_inline), worried about not only electric vehicle demand, but profit margins too. ‘s fourth-quarter [deliveries](https://www.barrons.com/articles/tesla-stock-deliveries-51672591546?mod=md_stockoverview_news&mod=article_inline) disappointed and shares are dropping again. ](https://www.barrons.com/market-data/stocks/tsla)

Tesla Inc (NASDAQ: TSLA) shares are trading lower Tuesday after the company reported fourth-quarter delivery numbers that came in below estimat.

[why it's moving](https://www.benzinga.com/taxonomy/term/768599) [Movers](https://www.benzinga.com/taxonomy/term/24) [Trading Ideas](https://www.benzinga.com/taxonomy/term/22) The company is expected to post earnings of $1.25 per share on quarterly revenue of $26.03 billion, according to [Benzinga Pro](https://benzinga.grsm.io/gxjhpowx7zks). What Happened: Tesla said it produced 439,701 vehicles in the fourth quarter and delivered 405,278 vehicles. Tesla is set to report its fourth-quarter financial results after the market close on Jan. [came in below estimates](https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30251157/is-teslas-q4-delivery-miss-cause-for-concern-bulls-will-not-be-super-happy).

Some Wall Street analysts think Tesla's delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in ...

"Between a worsening macro backdrop, record high unaffordability, and increasing competition, there are hurdles for all auto companies to overcome in the year ahead," they said in a note Tuesday. Analysts at Goldman Sachs said they consider the delivery report to be an "incremental negative," and view Tesla as a company that is "well positioned for long-term growth." "Q4 deliveries missed consensus but beat our estimates," he said in a Tuesday note. Estimates updated in December, and included in the FactSet consensus, ranged from 409,000 to 433,000. These numbers represented a record for the Deliveries are the closest approximation of sales disclosed by Tesla.

Once worth more than $1 trillion, Tesla lost more than 65% in market value in a tumultuous 2022. Tuesday's slide came after the electric vehicle maker missed ...

The gap between production and deliveries has widened to 34,000 vehicles as more cars got stuck in transit. For all of 2022, its deliveries rose by 40%, missing Musk's 50% annual target. Tuesday's slide knocked nearly $50 billion in market value off of Tesla, roughly equal to the valuation of rival Ford Motor Co Register for free to Reuters and know the full story The result "came at the cost of higher incentives, suggesting lower pricing and margin," brokerage J.P.Morgan said in a note, lowering its price target by $25 to $125. "Demand overall is starting to crack a bit for Tesla and the company will need to adjust and cut prices more especially in China, which remains the key to the growth story," Wedbush Securities analyst Dan Ives said.

Tesla stock tumbles to start 2023 as the EV maker's vehicle deliveries miss forecasts · Tesla stock fell as much as 7% in its first day of trading in 2023. · The ...

"The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk," Wedbush analyst Dan Ives wrote in a recent note. The S&P 500 saw a nearly 20% decline and global markets were pummled over the last 12 months. It made 1.31 million deliveries, below its goal of about 1.4 million, the company said.

Investors may have thought Tesla (TSLA -13.87%) shares had bottomed after a drop of 65% in 2022. But the stock is plunging again today to start the new year ...

That implies that vehicles continue to be built for existing customers and that the shortfall in deliveries is mostly due to logistics and transit. But the stock has already come down to what looks to be a reasonable valuation, with growth still strong by conventional standards. The fear is that the combination of growing competition and slowing global economies has derailed Tesla's growth plans. But averaging into the stock now seems like a reasonable approach. [1.31 million electric cars](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/) for the full year, representing an increase of just 40% over 2021. [TSLA](/quote/nasdaq/tsla/) 0.91%) shares had bottomed after a drop of 65% in 2022.

Elon Musk's company delivered 405278 cars in the fourth quarter while Wall Street was looking for about 420000. Analysts, including bullish ones, ...

It hasn’t turned out that way, as the actual numbers fell short of expectations, sending the shares lower on Tuesday. ](https://www.barrons.com/market-data/stocks/tsla) (ticker: TSLA) reported fourth-quarter deliveries [of 405,278](https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-fourth-quarter).