Tesla shares moved sharply upward after CEO Elon Musk noted that the electric car manufacturer could produce 2 million cars in 2023.
Canaccord maintained its buy rating with a $275 price target. Bernstein noted that it remained "torn on TSLA's stock," and reiterated its underperform rating. and bears," the headline from Bernstein's Thursday morning report read. "Thus far in January we've seen the strongest orders year-to-date than ever in our history. Tesla reported automotive revenue of $21.3 billion in the fourth quarter and adjusted earnings per share of $1.19. [Tesla](/quotes/TSLA/) shares rose as much as 11% on Thursday morning, after [beating on the top](https://www.cnbc.com/2023/01/25/tesla-tsla-earnings-q4-2022.html) and bottom lines, despite [mixed analyst sentiment](https://www.cnbc.com/2023/01/26/teslas-strong-orders-and-weak-margins-in-its-latest-earnings-have-analysts-conflicted-on-the-stock.html) about the electric-vehicle manufacturer's outlook.
Tesla Inc. shares were climbing Thursday as investors applauded an earnings beat and upbeat comments from CEO Elon Musk, with some Wall Street analysts ...
Oppenheimer has the equivalent of a hold on Tesla stock. The EV maker on Wednesday teased a “next generation” vehicle platform, saying more details will be revealed at the event. Over at Truist Securities, a team led by analyst William Stein was taking comfort in what they said was a promising future for the company. Stein said they were looking to Tesla’s March 1 investor day to deliver the next possible catalyst for shares. “To that, the 2023 delivery guide will likely also draw some debate,” he said. [TSLA, +8.89%](/investing/stock/TSLA?mod=MW_story_quote)rose as much as 10% in session, on track for its best since mid December and extending a winning streak for a fifth day.
If you are to buy and hold Tesla stock, you have to be looking to the future and not the past. Read more on TSLA's earnings and outlook.
[META](https://seekingalpha.com/symbol/META)) and Nvidia ( [NVDA](https://seekingalpha.com/symbol/NVDA)). That suggests the end of a large and brutal wave two down and the start of a wave three upwards. We anticipate Musk's role at Twitter and at Tesla resolving such that management structures can be normalized enough, we believe the Twitter distraction will level off once it is refinanced and demonstrates pro-forma profitability having cut a reported 75% of its staff, and we believe that a back-to-the-wall Tesla will surprise to the upside. - Revenue growth fell to +37% for the quarter vs. Do you believe that volume at lower automotive gross margins can in the end drive either bigger cash flows or a bigger multiple of lower cash flows. The price that the market is asking you to pay - 60x TTM unlevered pre-tax FCF or a little under 6x TTM revenue - is based on looking forward. Tesla bears may not care to admit it but if you put your thumb over the name of the company and just looked at the fundamentals, only an idiot wouldn't say, well, that's one beautiful set of numbers. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. [SQ](https://seekingalpha.com/symbol/SQ))). That price cuts would work in Tesla's favor because in the end volume wins in this sector. [Competition is hot on the heels of this sector leader](https://www.topspeed.com/mercedes-is-beating-tesla-to-level-3-autonomous-driving-in-the-us/). Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
Tesla stock pops 5%: Can it sell 2 million cars in 2023? · Tesla is confident it can lower prices and grow volumes while maintaining superior profitability over ...
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. Tesla shares are up over 5% in extended hours trade and set to open at their highest level in over a month when markets open this morning. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Tesla reported a 33% year-on-year rise in revenue in the fourth quarter of 2022 to meet market expectations at $24.3 billion. Recapturing this metric would allow it to target a larger jump toward $167 before the December-high of $$199 comes back into the crosshairs. That meant annual sales in 2022 rose 51% to $71.5 billion and operating profits more than doubled to $13.7 billion. While a price war could cause a shake-out of the electric vehicle industry over the coming years, this could be good news for Tesla. The CEO said he believes there are a ‘vast number of people that want to buy a Tesla car but can’t afford it’. That will be welcomed considering most had anticipated weaker demand in January and February because some attractive subsidies expired at the end of 2022 and demand usually drops off ahead of Chinese New Year. And it's always been our goal at Tesla to make cars that are affordable to as many people as possible so I'm glad that we're able to do so. Tesla has been slashing prices in recent months and recently reduced them across the US and Europe by as much as 20% following cuts made in Asia. ‘It's hard to say whether that will continue twice the rate of production, but the orders are high,’ said Musk.
Tesla Inc (NASDAQ: TSLA) shares are trading higher by 6.70% to $154.10 during Thursday's pre-market session after the company reported bette.
[Read More](https://www.benzinga.com/markets/cryptocurrency/23/01/30576391/tesla-q4-earnings-highlights-revenue-and-eps-beat-cybertruck-and-crypto-holdings-updates-a) [why it's moving](https://www.benzinga.com/taxonomy/term/768599) [Earnings](https://www.benzinga.com/taxonomy/term/16888) [News](https://www.benzinga.com/taxonomy/term/57) Tesla reported fourth-quarter total vehicle production of 439,701, up some 44% year-over-year. Fourth-quarter deliveries came in at 405,278, up 31% year-over-year. [Tesla Q4 Earnings Highlights: Revenue And EPS Beat](https://www.benzinga.com/markets/cryptocurrency/23/01/30576391/tesla-q4-earnings-highlights-revenue-and-eps-beat-cybertruck-and-crypto-holdings-updates-a) [reported better-than-expected fourth-quarter EPS and sales results](https://www.benzinga.com/markets/cryptocurrency/23/01/30576391/tesla-q4-earnings-highlights-revenue-and-eps-beat-cybertruck-and-crypto-holdings-updates-a).
The electric-vehicles company posted better-than-expected net income for the fourth quarter of 2022. Now analysts and investors are thinking about what 2023 ...
So did the Street. Investors liked what they heard from the company about the future. ](https://www.barrons.com/market-data/stocks/tsla)
Tesla shares jumped as the company defended against concerns about slowing demand. Qualtrics stock got a big boost after the experience management software ...
[NASDAQ: XM](/quote/nasdaq/xm/) Investors also reacted favorably to SAP's decision to sell off its remaining holdings in Qualtrics stock after having spun off a minority stake in the company's 2020 IPO. [building on past success](https://www.fool.com/investing/2022/10/25/qualtrics-stock-surges-on-earnings-beat-and-2022-g/). However, the rise in Tesla stock was small compared to what shareholders in Qualtrics International ( [XM](/quote/nasdaq/xm/) 32.11%) experienced Thursday morning. [TSLA](/quote/nasdaq/tsla/) 9.24%), which rose sharply after the company released its fourth-quarter financial results. Between cost controls and efforts to make cars more affordable for marginal buyers, Tesla gave a message that its shareholders were quite comfortable hearing, and positive outlooks could keep giving the stock a boost.
Tesla CEO Elon Musk sounded sleepy on the EV maker's earnings call late Wednesday. That's not surprising given the time needed to try to reduce debt at ...
Tesla just released the results for Q4'22. Both earnings and revenue beat analysts' consensus forecasts. In addition, CEO Elon Musk stated that he ...
However, given the strength of Tesla’s current narrative, that day is not today. That is why investors will underweight the information in Tesla’s Q4’22 release that cash flow from operations decreased by 29% from a year ago, and decreased 36% from the prior quarter. PEG-ratio pricing implies that P/E is proportional to the expected long-term earnings growth rate; and this is inconsistent with textbook finance which implies that P/E is determined by a stock’s beta and the proportion of the firm’s stock valuation which is associated with positive net present value projects. By overvalued, I mean that the market value exceeds the corresponding fundamental value based on discounted free cash flow analysis. At the start of the year, they reported setting a price target for Tesla of $125 a share. By January 17, Tesla’s stock price already exceeded $125, illustrating the power of narrative! Tesla’s stock price rose in January because Tesla cut the prices of some of its vehicles, which spurred demand, partly because of related tax incentives in the US. That was on December 12 when Tesla stock closed at $168; and Tesla’s current stock price is below that. The narrative for Tesla centers on Elon Musk, one of the greatest entrepreneurs of the century. Well, PEG means nothing about undervaluation to Tesla’s shareholders, as PEG is irrelevant in the world of textbook finance valuation. Keep in mind that as recently as last September, Tesla’s stock price was above $300, and yet by the end of the year had declined below $110. The case of Tesla is a great example.
While CEO Elon Musk said on the conference call that we'll “probably have a pretty difficult recession this year,” investors seem to be ignoring any potential ...
For now the stock is trading into resistance. That was a bounce level in November and currently where the 200-week With its post-earnings-report gains, we’re looking at the stock trying for its third straight weekly gain. But not many traders are playing Tesla for a move worth a couple of dollars per share. That said, it’s been a rough ride. Assuming Tesla stock closes higher today, it will mark its fifth straight daily gain.
In Q4, the EV pioneer set records for revenue, operating income, and net income, but its gross margin declined due in part to price cuts intended to boost ...
And the company has a new source of revenue on the horizon -- its Cybertruck, a futuristic-looking pickup truck, remains on track to begin production at Gigafactory Texas later this year. Both cash flows were higher for the full year 2022 than they were in 2021. In Q4, operating income grew 49% year over year to $3.9 billion. In the fourth quarter, GAAP net income was $3.69 billion, or $1.07 per share, up 57% from the year-ago period. The decline is largely attributable to the company lowering vehicle prices in the fourth quarter in order to boost demand, as well as inefficiencies at its two newer Gigafactories. Adjusted for one-time items, net income came in at $4.11 billion, or $1.19 per share, up 40% year over year. [GAAP](https://www.fool.com/investing/how-to-invest/stocks/generally-accepted-accounting-principles/)) was 25.9%. Free cash flow dropped 49% to $1.42 billion. Revenue was 13% higher than in the - Services and other revenue rose 60% to $1.7 billion. - Energy generation and storage revenue rose 90% to $1.31 billion. [TSLA](/quote/nasdaq/tsla/) 10.97%) stock is up 7.7% in Thursday's premarket trading as of 8:30 a.m.
Tesla (ticker: TSLA) reported fourth-quarter earnings that were good not great. Operating profit and net income were records. But operating profit trailed ...
[Stock charts](https://www.barrons.com/articles/tesla-stock-price-51671540040?mod=article_inline) are as good a place as any to start. It always seems [to surprise](https://www.barrons.com/articles/tesla-stock-revenue-earnings-musk-sales-51674738358?mod=md_stockoverview_news&mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla)
Tesla fell short of revenue growth expectations, suffered margin erosion, and forecast weaker than expected 2023 shipments. Why did its stock pop?
Finance](https://finance.yahoo.com/news/tesla-stock-pops-as-worst-case-scenario-fears-subside-110611452.html), the answer may be that Musk and his did just enough to assuage fears of a worst-case scenario for Tesla — that the stock goes back down to its 52-week low of $101. He went on to argue that Twitter helps Tesla — giving a sales pitch to advertisers, arguing that Twitter “is actually an incredibly powerful tool for driving demand for Tesla. Wedbush analysts Dan Ives and John Katsingris are happy Tesla is offering price discounts. The price cuts announced in December 2022 seem to have sparked demand. But for the vast majority of people, like the follower count speaks for itself,” Musk said. By 2033, Tesla aims to sell 20 million vehicles per year and grow at a 50% annual rate. He sidestepped the question, bragging about how many Twitter followers he has. CEO Elon Musk told analysts that he had issued the lower guidance because he could not predict whether a major force would upend the industry. As CNBC reported, Musk said, “We’re saying 1.8 because there always seems to be some friggin’ force majeure thing that happens somewhere on Earth. The company’s stock jumped 10% on Thursday — and it’s up over 45% so far in 2023. Tesla offered tepid guidance for 2023 vehicle production below that pre-earnings estimate. Prior to Tesla’s fourth quarter earnings announcement, analysts expected vehicle deliveries to grow more slowly than Tesla’s long-term aspirations.
Elon Musk explained, “It was a fantastic year for Tesla. It was our best year ever on every level. In 2022, we delivered over 1.3 million cars and achieved a 17 ...
but long term, I am convinced that Tesla will be the most valuable company on Earth.” It will be the car that I drive every day.” so if it’s a smooth year, actually, without some big supply chain interruption or massive problem, we actually have the potential to do 2 million cars this year.” [and] will not be a significant contributor to the bottom line, but it will be next year. And I think it will blow people’s minds when we reveal them. That might [turn out to] be the biggest asset value increase of anything in history.” With future vehicles, Musk teased: “we have other products in development. I can’t wait to drive it personally. It was our best year ever on every level. [Cybertruck production will start slowly](https://cleantechnica.com/2023/01/25/elon-musk-lets-not-overhype-tesla-cybertruck-start-of-production/): “sometime this summer … Elon Musk explained, “It was a fantastic year for Tesla. and then, when it becomes fully autonomous, that is a value increase in the fleet.
CEO Elon Musk said the EV leader could sell as many as 2 million vehicles in 2023.
Management expects the company's production volume to grow to 1.8 million EVs in 2023. "We currently are seeing orders at almost twice the rate of production." During a conference call with analysts, Chief Financial Officer Zach Kirkhorn highlighted Tesla's impressive operational performance in a challenging market environment.