2022-12-15 • Updated
Tesla, the world's largest EV's manufacturer, will present its earnings report for the second quarter on January 26 after the stock market closes (23:00 GMT+2). In addition, Tesla's management will hold a live question and answer webcast at 00.30 MT, January 27, to discuss its financial and business results and outlook.
Tesla's estimate-beating production and delivery stats have helped boost its expected revenue growth to 46% in 2022. The problem is, even after the stock slumped 25% from its November record, Tesla's market capitalization of $922 billion is more than ten times the size of Ford and General Motors, 100-plus-year-old Detroit giants. The electric carmaker also produced roughly 930,000 vehicles in 2021.
According to Morgan Stanley, there is no company that can challenge its volume. Tesla is expanding on three continents and is nearing the completion of new factories in Austin, Texas, and Berlin.
According to the production & delivery reports, in Q3, Tesla delivered 241 300 vehicles, and in Q3, the number reached 308 600. The production grew 27,8% quarter to quarter.
In Q3, Tesla reported 13.76B revenue, the expectation for Q4 is $16.88B, which is a 22,6% increase. According to these numbers, Tesla can report better than expected results in Q4.
Technical analysis
Daily chart
The stock is trading under the 100-day moving average. It looks like the price will not break it right away. A tiny pull back down to the $880-890 range is expected first. Afterward, the stock will reach $1030 and $1150.
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Tesla, Netflix and Goldman Sachs will publish their earnings reports these week. Here is why you should follow.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...
Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
Brent crude futures is maintaining stability this Friday, with traders awaiting an OPEC+ meeting that might lead to further supply cuts. Brent crude was down 8 cents at $81.34 a barrel, following a 0.7% drop in the previous session.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
