Research archive for TSLA

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.

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.

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.

Electric car maker Tesla had results out late last night, after the market close. They were good, delivering a profit of 50c a share, versus consensus expectations of an 11c loss. The stock price rallied by another 4% to $1,660 per share. Lovely!

Yesterday Tesla reported delivery numbers which rocked the market (in a good way if you are long). The share price surged 8%, now trading at $1 208 a share. Over the last year the Tesla share price has gone from $234 to $901 then back down to $427 during the global shut down and then all the way back up to $1 000 and more.

Last week Wednesday, Tesla released their Q1 numbers and the electric car manufacturer turned a small profit for the first time in history. The company seems to have enjoyed a good quarter in both production and deliveries, notwithstanding the coronavirus inspired shutdown towards the end of the first quarter .

On Thursday evening Tesla released their Q1 production figures, which sent the stock higher by 17%. Here are the numbers - produced 103 000 vehicles, which is 2% down from the previous quarter but 34% higher than the same time last year. As is to be expected, their deliveries took a bigger hit, down 21% from the previous quarter.

Yesterday, Tesla CEO Elon Musk tweeted "Congratulations Tesla team on making our 1,000,000th car!!" accompanied by two beautiful pictures. The first picture was of a dazzling red Tesla Model 3, and the second was the Tesla team outside a manufacturing plant, with the same red Tesla Model 3 slap bang in the middle.

In 2018 Elon Musk announced Tesla's new solar roof tiles, and then nothing. Two years later though, installation crews are starting to work their way through waiting lists, and taking more US households off the grid.