Tesla stock price recovers in January with earnings due

Tesla (TSLA) reports fourth-quarter earnings late Wednesday, with investors likely to focus on Elon Musk’s 2023 guidance and goals for the EV giant. Tesla shares rose on Tuesday.


After a bad 2022 in which Tesla stock plummeted in December, the stock has fallen again since the beginning of 2023. However, Tesla has recovered since announcing its massive price drop on May 6. 1 for vehicles in China. Analysts and investors will be taking a close look at Wednesday’s results for a better idea of ​​what Tesla is expecting for 2o23.

Tesla shares pared early losses, up 0.11% on Tuesday market trading. Shares rose 7.7% to 143.75 on Monday after gaining 4.9% on Friday.

Tesla earnings

estimate: Analysts forecast earnings to grow 33% to $1.13 per share in the fourth quarter. At the end of December 2022, analysts predict EPS of $1.25. Analysts now target revenue growth of 39% to $24.67 billion.

income: Check on Wednesday after the market closes.

Tesla has announced the delivery hit a record 405,278 in the fourth quarter. This missed the lower forecasts despite plenty of incentives at the end of the year. Vehicle deliveries increased 31% from a year earlier and nearly 18% from 343,830 units in the third quarter. Deliveries also increased 40% to 1,313,851 in 2022. This is much lower than the target. 50% growth target of the company.

Analysts had expected Tesla’s Q4 delivery numbers to be around 420,000, down significantly from higher estimates. Tesla’s Q3 deliveries were also shorted.

Tesla’s output hit 439,701 in the fourth quarter, exceeding deliveries by more than 34,000. In the third quarter, output topped sales at just over 22,000. Tesla’s output hit 439,701 in the fourth quarter, exceeding deliveries by more than 34,000. In the third quarter, output topped sales at just over 22,000.

With production ramping up at the company’s plants in Berlin and Austin, Texas, Tesla’s overall production capacity is now over 450,000 per quarter.

Tesla’s unit sales hit 1,313,851 for 2022, up 40% from 2021 but below the 50% target. The Model 3 sedan and Model Y crossover accounted for the majority of sales. High-end Model S and X vehicles make up the rest.

Meanwhile, the Cybertruck is expected to launch in 2023, which will be Tesla’s first new model since the Model Y debut in early 2020. This often-delayed truck will begin.” production soon” by mid-year, according to Musk. Other reports say the Cybertruck will begin mass production by the end of 2023.

Tesla also begins delivering its long-distance Semi trucks to PepsiCo (PEP) in December. It’s unclear how many Semi trucks will be produced in 2023, with pricing and key specifications still unclear. Tesla is planning to build a $3.5 billion manufacturing facility in Northern Nevada for Semi trucks, according to the Nevada Independent.

Tesla stock: Earnings come after price drop

Tesla’s Q4 earnings by Tesla China EV registration bounce of the week from January 5 to 16, after the recent big sale. The most recent registration numbers appear to reflect some benefit from Tesla’s January 6 price cut in China.

Tesla has slashed prices on the Model 3 and Y in China, with the base Model 3 dropping more than 13% to $33,570. Local media reports in China suggest Tesla has received 30,000 orders within three days among the announced cuts, according to CnEVPost.

Tesla also announced Discounts in the US and Europe. This would make many models eligible for a $7,500 tax incentive under the Inflation Reduction Act (IRA).

The EV giant has slashed the price of the US Model 3 by 6%-14%, depending on the version. A standard trim Model 3 RWD has been slashed by $3,000 to $43,990. With the IRA tax credit applied to the vehicle, consumers who meet the income limit will have to pay $36,240.

The Performance Model 3 trim was cut $9,000 to $53,990, below the $55,000 limit for tax credits. Meanwhile, Tesla’s base Model Y was slashed by $13,000, or nearly 20%, to $52,990, also well below the tax credit limit. The Performance variant for that car has been reduced to $56,990, also $13,000 off.

Tesla shares

TSLA stock rebounded on Friday and Monday after two losing sessions. Tesla stock fell slightly Tuesday afternoon, hitting resistance at the stock’s 10-week moving average.

Tesla stock is now up 16% since its January 6 low of 101.81. Some analysts have also weighed in on Tesla stock, target discount.

TSLA stock ranks third in the rankings Automotive industry group. Tesla stock has 42 Overall rating out of 99. Stocks with a Relative Strength Rating of 5, proprietary Check IBD Stocks measure of stock price movement. The EPS rating is 75.

Please follow Kit Norton on Twitter @KitNorton for more insurance.


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