Research archive for TSLA

Byron looked at Tesla's vehicle delivery numbers recently, to see how well the production ramp-up is going. The trend is really impressive, especially if you go back a few years.

There's always a lot of talk about Tesla. At the end of the day, the company just needs to produce a lot of cars to be successful. Over the weekend Tesla reported big delivery numbers for the third quarter of 2021, crushing expectations.

Tesla reported its eighth consecutive quarterly profit last night, cracking through $1 billion in net income. That's 10 times the profit that they made a year ago. Take a look at the CNBC chart below, it really puts their profit transition into perspective.

We often see market capitalisation comparisons between Tesla and other car manufacturers. But is Tesla really just a car company? Sometimes you need reminding that Tesla is far from being just a car company, there is so much more under the hood.

BuyAutoInsurance.com came out with a report titled “10 most popular electric vehicles: 3-year trend (2021 report)”. According to the report, in this three-year study, 568 881 electric cars were sold which accounted for 97% of the US EV market.

Tesla's numbers are always exciting. It used to be all about car production in relation to Elon's often outlandish projections. As the company has matured, the focus is shifting to margin and profit.

Last week Tesla reported their delivery and production numbers for the first quarter of the year. The delivery numbers smashed expectations which pushed the share price 5% higher on Monday. Tesla delivered 185 thousand vehicles in the quarter versus consensus of 170 thousand. They were able to manufacture 180 thousand vehicles in the quarter.

On Monday Bloomberg reported that Tesla will start making cars in India. The company has picked the southern state of Karnataka for it's first plant. The main city in that state is Bangalore. Negotiations are still underway however, Tesla have not made an official announcement yet.

Last week Tesla announced facelifts to their Model S and Model X. It is hard to believe that the current Model S was launched in 2012 - it has aged very well. Most of the changes are to the S, with only minor changes to the X.

Is it a good idea to buy Tesla shares? We get asked that question a lot. South African investors love the association with Elon Musk, who grew up in Johannesburg and Pretoria. In addition, electric vehicle (EV) sales have boomed globally and the company has done very, very well.

Tesla released its quarterly production and delivery numbers earlier in the year showing that the electric vehicle maker delivered 499 550 cars in the year 2020, up from 367 500 a year earlier. That's 450 less cars than what Elon Musk had hoped to achieve for what has been a tough year operationally for many businesses.

On Wednesday night Tesla reported numbers that smashed expectations. Revenues came in at $8.8 billion for the quarter, up 39% from last year. Profits were $874 million, up 156%, and higher than the $593 million expected. This is the 5th quarter in a row that the company has made a profit.

In 2018 Tesla came very close to running out of cash. If that had happened, all the shorts could have been right, and the stock would have imploded. Since then though, they have managed to open their Chinese factory, which only took 8-months to build and was 65% of the cost compared to their California plant. Having an extra factory has been a game-changer for the company. They are in the process of building a third Gigafactory in Germany, increasing their capacity even further.

Clean Technica came out with a report showing electronic vehicle sales in the US for the first half of the year - Tesla dominates. The model 3 is the best selling electric vehicle by miles with over 38 000 cars sold. This is five times the Chevy Bolt and 152 times as many as the ugly BMW i3.

The Tesla share price is powering ahead. It is quite incredible to witness. The share price was up another 11.2% last night to close at $1 835 a share. Take a look at the recent rally below.