Elon Musk warns stocks may plunge, vows to not sell Tesla stock next year, and hammers the Fed in a new interview. Here are the 14 best quotes.
https://markets.businessinsider.com/new ... on-2022-12
Tesla will run production for 17 days in January between Jan 3 and Jan 19 and will stop electric vehicle (EV) output from Jan 20 to Jan 31 for an extended break for Chinese New Year.
The company has cut prices for Model 3 and Model Y cars by up to 9% in China, in addition to a subsidy for insurance costs.
Tesla's Shanghai plant, a complex that employs some 20,000 workers. accounted for more than half of Tesla's output in the first three quarters of 2022.
Tesla has set a target for growth of 50% in output and EV deliveries in 2022. Analysts expect output to fall short of that goal at closer to about 45%, based on forecasts for the soon-to-end fourth quarter.
US$134.5 per share, some 20% above its current level, before these so-called autocallables mature, typically within one or two years, or the principal will be forfeited.
The answer for bears lies in the fundamentals. But for bulls, the answer may lie in psychology.
“We believe Tesla may be in position to extend its lead vs. the EV competition in FY23 (both legacy and start-up) even before consideration of IRA (Inflation Reduction Act) benefits where Tesla also stands out as the biggest potential winner” .
Morgan Stanley analysts now expect Tesla to deliver around 399K units, which is approximately 30K below consensus.
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