Tesla stock nails January rebound with accrued dividends

Tesla (TSLA) announced fourth-quarter earnings late Wednesday, and investors are likely to focus on Elon Musk’s 2023 guidance and goals for the EV giant. Tesla stock fell early Wednesday.


After a terrible 2022, during which Tesla stock plunged sharply in December, stocks have fallen again to start 2023. However, Tesla has rebounded since announcing major car price cuts in China on January 6th. Analysts and investors will be looking closely at the results on Wednesday to get a better idea of ​​what Tesla expects for 2o23.

Tesla shares fell 1% Pre-market trading. TSLA stock pared early losses on Tuesday, up 0.1% at the close. Shares advanced 7.7% to 143.75 on Monday after rising 4.9% on Friday.

Tesla earnings

Estimates: Analysts expect earnings to rise 33% to $1.13 per share in the fourth quarter. At the end of December 2022, analysts expected earnings per share to be $1.25. At the moment, analysts have set the revenue target at 39% growth to $24.67 billion.

Earnings: Check Wednesday after market closes.

Tesla has already announced deliveries It reached a record high of 405,278 in the fourth quarter. This failed to dampen expectations despite strong stimulus at the end of the year. Vehicle deliveries jumped 31% year over year and nearly 18% versus 343,830 in the third quarter. Deliveries also swelled by 40% to 1,313,851 in 2022. That was well below the company’s 50% growth target.

Analysts expected Tesla’s fourth-quarter deliveries to be roughly 420,000, down significantly from higher estimates. Tesla’s Q3 deliveries were also lower.

Tesla production reached 439,701 in the fourth quarter, outpacing deliveries by more than 34,000. In the third quarter, production exceeded sales by just over 22,000. Tesla production reached 439,701 in the fourth quarter, outpacing deliveries by more than 34,000. In the third quarter, it exceeded production sales of just over 22,000.

With increased production at the company’s factories in Berlin and Austin, Texas, Tesla’s total production capacity is now well above 450,000 per quarter.

Tesla unit sales reached 1,313,851 for 2022, up 40% versus 2021 but below the 50% target. The Model 3 sedan and Model Y crossover accounted for the vast majority of sales. High-end Models S and X cars accounted for the remainder.

Meanwhile, the Cybertruck is scheduled to arrive in 2023, which will be Tesla’s first new model since the Model Y launched in early 2020. The much-delayed truck will begin “early production” in the middle of the year, according to Musk. Other reports indicate that the Cybertruck will begin mass production in late 2023.

Tesla has also begun delivering half of its long-distance trucks to… PepsiCo (PEP) in December. It’s unclear how many semi-trucks will be produced in 2023, with prices and key specs still unclear. Tesla plans 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 cut

Tesla’s fourth-quarter earnings track Tesla China EV records bouncing a week From January 5 to 16, after the recent big price cuts. The latest registration numbers appear to reflect some of the benefits from Tesla’s January 6 decision to cut prices in China.

Tesla slashed prices for the Model 3 and Y in China, with the base Model 3 slashing more than 13% to $33,570. Local media reports in China indicated that Tesla was He received 30,000 applications within three days of the announced cuts, according to CnEVPost.

As announced by Tesla Price cuts in the US and Europe. This will make more models eligible for the $7,500 tax incentives under the Inflation Reduction Act (IRA).

The EV giant has slashed prices for the American Model 3 by 6%-14%, depending on the model. The standard 3 RWD trim was cut by $3,000 to $43,990. With the vehicle IRA tax credit applied, consumers who meet the income limits would pay $36,240.

Performance Form 3 was reduced from $9,000 to $53,990, which is below the $55,000 limit for tax credits. Meanwhile, Tesla’s base Model Y was slashed by $13,000, or roughly 20%, to $52,990, also below the tax credit limit. The performance variant for that car is reduced to $56,990, and it’s also down $13,000.

Tesla stock

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

Tesla stock is now up 16% since the Jan. 6 low of 101.81. A number of analysts also weighed in on Tesla stock, Lower your target price.

TSLA stock ranks third in the world Automotive Group. Tesla stock contains 42 Composite classification Out of 99. The stock has a 5 relative strength rating, exclusive IBD stock check A stock price movement measure. The EPS rating is 75.

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