Tesla Motors (TSLA) / Elon Musk 02 (Dec 22 - Dec 25)

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鈉取代鋰 中國視電池領域下一階段重大創新 TVBS文茜的世界周報-歐洲版 20230415
https://m.youtube.com/watch?v=1xXtI3JGRuc


Tesla expands discounts with price cuts in Europe, Singapore, Israel
https://sg.finance.yahoo.com/news/tesla ... 27652.html

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X.AI - Musk Reportedly Creating ChatGPT Artificial Intelligence Rival
https://www.zerohedge.com/technology/xa ... ence-rival

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Tesla cuts US prices for sixth time this year ahead of Q1 results

The company also recently lowered prices in Europe, Israel and Singapore as well as in Japan, Australia and South Korea, expanding a discount drive it started in China in January to spur demand.

Tesla, earlier this month, reported a 4% sequential rise in deliveries in the first quarter, much less than the 17.8% sequential rise in the fourth quarter.

Source: Reuters

https://www.thestar.com.my/business/bus ... q1-results

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Tesla missed first-quarter profit estimates after a series price cuts designed to boost demand squeezed margins.

Revenue rose 24 per cent to US$23.33 billion in the quarter, nearly in line with Bloomberg estimates of US$23.35 billion.

Profit excluding some items fell to 85 cents a share, slightly below the 86 US cent average of estimates compiled by Bloomberg, while free cash flow slumped to a two-year low of US$441 million. Analysts had expected free cash flow to reach US$3.24 billion in the quarter.

Source: Phillips

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Tesla’s Earnings: So Bad They’re Nearly Good

by SAM QUIRKE

Key Points
Weakening margins have spooked investors.
The bears have won control for now.
But a P/E ratio of 50 is almost too good to ignore

Tesla's Q1 revenue came in at $2.3 billion, which just missed analyst expectations, but was still up 24% year on year.

Tesla aims to achieve a gross margin of around 30% over time and will pursue this by reducing supply chain and production costs wherever possible.

Source: Market Beat

https://www.marketbeat.com/originals/te ... 4A8F75D6B5

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Elon Musk indicated Tesla will keep cutting prices to stoke demand, even after markdowns early this year took a significant toll on profitability.

Tesla’s operating margin shrank to 11.4 per cent in the first quarter, a roughly two-year low, after the company marked down its electric vehicles in January and March.

Musk has done several more rounds of price cuts already this month and said he’s comfortable making less money on each car sold.

Source: Phillips

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Tesla’s coming crash: As 7 analysts lower their price targets, one predicts the stock is heading to $28

by Shawn Tully

Source: Fortune

https://finance.yahoo.com/news/tesla-co ... 54730.html

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Tesla investor group says overcommitted Musk is hurting EV maker

by Dana Hull

The 17 shareholders, who hold more than US$1.5 billion (RM6.6 billion) of Tesla stock, said Musk is distracted by his commitments to other companies and must be reined in.

Resolution asking the company to create a plan to address its reliance on Musk to be voted at the company’s May 16 annual meeting.

Source: Bloomberg

https://www.theedgemarkets.com/node/664333

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Investors React Harshly to Cathie Wood's Bold New Tesla Predictions

by IAN KRIETZBERG

Ark Invest: Target on Tesla - $2,000 per share in 2027.

Robotaxi opportunity globally will deliver $8 to $10 trillion in revenue by 2030.

Musk plans to bring a robotaxi to market by the end of 2024, despite hurdles in development, testing, production and state-by-state regulation.

Source: The Street

https://www.thestreet.com/investing/inv ... redictions

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Tesla U-Turns On Price Cuts, Cathie Wood Sets $6 Trillion Market Cap Target

Less than a day after telling investors it will focus on volume growth, Tesla is lifting prices on its high-end cars in the U.S.

by MARTIN BACCARDAX

Tesla unveiled price hikes for its Model S and Model X units on its website late Thursday, lifting the overall cost of the Model X Plaid by around 2.4%, to $107,490 while adding around 2.6% to the sticker on the standard Model X.

ARK: Robotaxi is a key driver, contributing 58% of expected enterprise value and 45% of expected EBITDA in 2027. EV account for 62% of revenues in 2027, at substantially lower margins than robotaxi revenue.

Source: The Street

https://www.thestreet.com/investing/sto ... p%2BTarget