Tesla’s fourth quarter and full-year 2022 earnings are coming soon. Wall Street expects the electric car maker to hit his $24.03 billion in earnings for the quarter and his adjusted earnings per share of about $1.13. Yahoo Finance data. If Tesla hits that sales forecast, it would not only break the company’s record, but it would also be the slowest pace of growth since mid-2020.
As usual, Tesla will release results after the market closes on Wednesday, with management discussing earnings and answering analyst questions in a webcast at 5:30 p.m. ET.
Automakers are closing out a tumultuous year. Stock price down 65% It’s due to a number of factors, from CEO Elon Musk’s distractions on Twitter to concerns about slowing sales in pandemic-affected China. Tesla is expected to address these concerns. vehicle price reduction When Missed Q4 shipping scheduleduring a call tomorrow.
In fact, a lot has happened in the Tesla world in recent months, so Dan Ives, managing director of Wedbush Securities, said: Said The forthcoming earnings call and guidance commentary will be “one of the most important moments in Tesla’s history and for Musk himself.”
Before jumping into the phone’s predictions, note that Tesla’s stock closed at $143.89 on Tuesday.
Emergence of musk
Musk doesn’t always attend Tesla earnings calls, and he’s really busy right now protect yourself in court over his allegations deceived investor In his infamous 2018 “funds secured” tweet — but only to assuage investor concerns that Tesla hasn’t been paying enough attention since it took over Twitter, the CEO It is expected to appear tomorrow.
The executive also went on trial in November to defend him $56 Billion Tesla Pay Package After shareholders filed a lawsuit to reverse the deal, he said the deal was wrongfully awarded to Musk, the “part-time CEO.”
Estimated delivery date not reached
During Tesla’s third-quarter earnings call, Musk promised Tesla would have a “magnificent end of the year.” The automaker set record vehicle sales and deliveries, but still underperformed its own and Wall Street expectations.partially Last minute discount Model Y and three vehicles delivered by Tesla in December 405,278 units in the fourth quarter. Street said he expected delivery of 425,000 units out of 420,000.
Q4 marked the third consecutive quarter that automakers It did not work To as many deliveries as it promised. Tesla could be asked to provide more realistic estimates for 2023.
It’s also possible that Q4 shipments and sales numbers will be updated when earnings are announced.
Vehicle price reduction margin
early this month, Tesla price cut Long-haul crossover Model Y (20% at $52,990) and Model 3 sedan (14% at $53,990) for US buyers. The vehicle’s new, lower base price qualifies for a $7,500 federal tax credit under the Inflation Reduction Act (IRA) signed into law in August. Under IRA terms, the threshold is $55,000 for electric sedans and $80,000 for SUVs, pickup trucks, and vans.
Tesla has also slashed the prices of its Model S sedan and Model X, which are still too expensive to qualify for the EV tax credit.
The most recent price cut is at least the fourth time the automaker has offered vehicle discounts or credits in the past few months. Tesla announces price cut In China, Model 3 and Model Y prices rose by up to 9% in October, and were slashed by nearly 14% earlier this month.The company also first $3,750 discount The Model Y and Model 3 went on sale in the United States and Canada in early December and then climbed to $7,500 later in the month.
Investors were unfavorable for price cuts, fearing they would signal a drop in demand for the iconic EV. However, the price cuts actually seem to have boosted demand for the vehicle. What investors want to assess is whether the price cuts are cutting Tesla’s margins too far. It may be too early to give these answers, but Tesla will offer some guidance.
New Gigafactory Update
Tesla announced investment plans on Tuesday Investing another $3.6 billion in Gigafactory in Nevada, adding two new facilities dedicated to manufacturing battery cells and Tesla Semi. The automakers may discuss these plans further, including if they wish to break ground on facilities and begin production.
Analysts want to hear about other new gigafactories as the automaker says it has multi-year plans to increase production by 50%.There have been reports that Tesla is planning Mexico’s $10 billion gigafactoryand the company is nearing a deal to build factory in indonesiaas well.
Learn more about semi trucks and cyber trucks
Tesla finally revealed it in December first production version Hands over the first few long-delayed electric semis Order for 100 Pepsi trucksA number of high-profile companies, including Anheuser-Busch, Pepsi, Walmart and UPS, have also booked Semis, so the chances of getting an update on production and when these companies can expect deliveries. there is.
Tesla’s Cybertruck has also suffered multiple delays, but Musk said in July that the company We were on track to launch Track towards the middle of the year. Stay tuned for further updates on timing and new features.Musk said in September that the Cybertruck was “waterproof enough.” serve as a boat for a short time”
