Tesla Motors (TSLA) / Elon Musk 01 (Jul 10 - Nov 22)

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Musk's move to close Twitter deal leaves Tesla investors worried

by Nivedita Balu and Akash Sriram

Spreading himself too thin.

Musk sold over $15 billion worth of Tesla Inc shares earlier in the year to fund the deal.

"We see minimal benefit for Musk owning Twitter for Tesla investors going forward".

Musk also heads spacecraft manufacturing company SpaceX and is a co-founder of neurotechnology company Neuralink and The Boring Company.

Musk may need to sell an additional $2 billion worth of shares, but said it would be hard to know if he would sell more shares ahead of the company's quarterly results.

Tesla is expected to report its quarterly results on Oct. 19.

Source: Reuters

https://finance.yahoo.com/news/musks-mo ... 30988.html

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Tesla investors, beware: Musk has a narrow window to offload more shares to rustle up Twitter cash

Tesla posts Q3 results on Oct. 19.

Twitter $44 billion deal has an envisioned closing date of Oct. 28.

Narrow window of time in which Musk can raise any remaining portion of the $33.5 billion in equity he has committed to provide and finalize the financing for the $12.5 billion in debt he needs.

Estimates Musk has already liquidated $15.4 billion.

“He still needs to sell $5 billion [in] Tesla equity to fund the deal, but can’t because the Tesla trading window is closed until 10/19".

Estimated $3.6 b in Twitter stock Musk already owns and $7.1 b in outside investment from wealthy third-party backers like Alwaleed bin Talal and Larry Ellison, assuming they do not renege on their commitment from early May.

Bears expect him to do everything in his power to drive up the price of Tesla’s shares going into the quarterly report.

Source: Fortune

https://fortune.com/2022/10/07/tesla-st ... ldatasheet

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Tesla’s China sales hit record in September following Shanghai plant upgrade
Deliveries of Model 3 and Model Y hit 83,135 units in September, surpassing the previous record of 78,906 units in June

The Gigafactory upgrade has reduced the waiting time for Model Y in China to just one week from as long as 24 weeks in June

by Daniel Ren

Source: SCMP

https://www.scmp.com/business/china-bus ... 0006e5857f

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Tesla Inc hit a record of more than 83,000 electric-vehicle deliveries from its recently upgraded Shanghai factory in September, according to data released by the China Passenger Car Association.

The plant delivered 83,135 EVs last month, an 8% increase from August, according to data released by the association on Sunday.

The American EV maker still trailed Chinese rival BYD Co., which topped the charts for EV deliveries last month with almost 95,000 units, up 14% from August. BYD’s total sales, including hybrids, were a combined 201,000 units in September. BYD also broke its own records in September, in EVs as well as total sales.

The rivalry between the world’s leading EV companies intensified this year after BYD abandoned the production of traditional gasoline-powered vehicles to fully convert to new-energy cars.

BYD dominated the domestic market when Tesla lost ground after suffering production hiccups from Covid-19 lockdowns in Shanghai earlier this year, but both are now seeing significant growth.

In July, Tesla suspended operations for several days to upgrade its assembly lines to increase production capacity. Its Shanghai plant can now crank out more than 750,000 a year, the company said at the time.

Tesla said last week it delivered 343,830 EVs globally during the quarter ended Sept. 30. Vehicles from Shanghai made up about 54% of its global deliveries during this period, up from 44% in the second quarter, according to calculations based on the association’s data.

Source: Phillips

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Tesla Stock Predictions: Is Tesla’s Slide Worth a Second Glance?

Analysts project 40% top-line growth and a 35% increase in earnings per share (EPS) next year.

The company also announced that Tesla semis will roll out starting December 1. PepsiCo Inc will be the first to get its hands on the 500-mile range, fully electric transportation truck.

Anheuser-Busch Inbev SA (NYSE: BUD) and Walmart Inc. (NYSE: WMT) are among the other consumer giants lined up to receive the highly touted semi.

With a more modest 70% earnings growth expected this year, the shares trade at 58x 2022 earnings. The P/E ratio goes down to 43x based on next year’s earnings estimate.

Source: Market Beat

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

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Why Goldman Sachs is staying super bullish on the Elon Musk-led Tesla

by Brian Sozzi

Goldman reiterated a buy rating on Tesla shares with a $305 price target, which assumes about 45% upside from current levels.

"We expect Tesla to expand margins in the medium term as it ramps the important Model Y product as well as new factories in Berlin, Germany and Austin, Texas, and in the long-term as it increases its mix of software revenue".

Cathie Woods: We think Tesla is leading, the autonomous taxi platform phase.

Source: Yahoo Finance

https://finance.yahoo.com/news/goldman- ... ?.tsrc=372

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Tesla

https://mobile.twitter.com/OptionsActio ... 2267386881

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Musk Launches "Burnt Hair" Perfume, Quickly Sells 20k Bottles At $100
https://www.zerohedge.com/markets/musk- ... ottles-100

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Tesla investors try to look past Elon Musk's many distractions

Tesla reports earnings after the close on Wednesday.

Shares are down more than 35% this year.

Wall Street still expects extremely strong sales and earnings growth, with consensus forecasts calling for a more than a 60% jump in revenue and profit. But analysts have been trimming those estimates in the past few weeks.

Tesla faces growing competition in the United States from the likes of GM, Ford, Volkswagen and other electric vehicle upstarts such as Rivian and Lucid.

There are big challenges in China as well, with Tesla going up against homegrown EV rivals like BYD, Nio, Xpeng and Li Auto.

All the major US, European and Japanese car maker stocks are down about 20% to 45% this year. And shares of the pure play EV companies (both in the US and China) have each plunged about 60% to 80% in 2022.

Jonas added, saying it "would be unreasonable to assume" that the company can keep raising prices without demand suffering, especially if the economy is slowing.

The margin of error is slim. S&P estimates the number of electric vehicle models available in North America will exceed 100 by 2026, more than four times current levels.

Source: CNN

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Outlook

Tesla earnings preview: Tesla (TSLA) will report earnings on October 19 in what is likely to be one of the more closely-watched reports of the earnings season.

Wells Fargo is one of several firms over the last week that has moved up expectations for a slight Q3 beat even though the electric vehicle maker's deliveries report rattled investors.

One of the big question marks with Tesla (TSLA) is how to model benefits for TSLA from the Inflation Reduction Act, which sets up well for the company on the demand side.

As for Tesla's sputtering share price, research from Bespoke Investment Group revealed that when Tesla stock has fallen more than 20% over a seven-day stretch - the stock averaged gains of 37%, 84%, and 238% over the next month, three month, and one-year timespan, respectively.

Source: Seeking Alpha