Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Q1 2023, earning report is this Wednesday coming at 9.30 after market close. Live broadcast. Wall street is waiting to see these, as they cannot judge the effect of price cuts. SP currently slipping downward. It's a gamble, shall i wait till Thursday to see reaction or not?? that is the question.
waiting, but not for much longer
bb143, what did you do? Buy or waiting?
I was on holiday and didn't follow the markets but it looks like US CPI figures are down to 5%? Rates should fall in second half leading to money coming back in growth stocks.
So I want to invest this years ISA allowance into $TSLA but not sure if I should pull the trigger this week or wait.
Macro storm clouds are still gathering above the markets with stubborn inflation and high interest rates. Real possibility of another banking crisis erupting later this year. Although Tesla is growing strongly it can't escape the geo-political and economic issues affecting the planet.
Second new Tesla factory announced. After Giga Mexico for cars, we now have MegaPack Shanghai. and still US media keeps talking about the car business. They are a TECH company. On what continent will be the next MegaPack factory? They need up to 4 of these for the demand. Nice, another $20B in profits on the way.
And it was a secure Charger box for home security use in the China market. All in the shape of a Cybertruck. Nice.
Can i have a water bottle in a Cyber shape? Ha ha
yes, it's crazy out there. Just seen the yahoo Finance news clip, similar to others US media outlets. All going on about inventory and margins problems now. What winds me up, is continued analysis of Tesla, whilst other auto businesses have massive inventory that will last far longer than 16 days worth, some have weeks of inventory at showrooms and storage, and crap profit margins, nowhere near Tesla's 20%. twisting news.
Even the gap between unsold cars from previous quarter to this quarter reduced. This time it is around 18k cars that are in the inventory whereas in the previous quarter it was near 30k-40k?
Until the next update I guess it will now trade in a range upto $200. I will open a trading pot and will buy if it goes to $180
Bloody hell nearly 7% drop!
Those numbers don't warrant such a big drop.
Here is from Bloomberg on 31st Mar about analyst estimate of Tesla delivery numbers -
https://www.bloomberg.com/news/articles/2023-03-31/did-tesla-tsla-price-cuts-fix-its-demand-problem-investors-will-soon-find-out
from above link - Analysts estimate first quarter deliveries of 421,164
Tesla delivered 422875 which is higher than analyst estimates! ?
Still a drop of 7%?
With oil price increasing, there would be more people looking to buy Electric vehicles.
I wanted a top-up under $200 so will wait and see how low it will be "taken" down.
Funny thing is that some of the media wants to write saying Tesla missed expectations. But all of Jan they were saying Tesla would suffer with the deliveries due to shutdowns in January for China New Year holiday etc!
Here we are with Tesla beating the production and delivery numbers. 5% drop is overreaction or more like sell on the news brigade out in force. There is also wider market going down.
Price cut helped the delivery numbers but it was more to offset the factory shutdown in January for China New Year holiday I feel!
Next quarter further price cuts may not be needed and margins could be much better for the rest of the year. Atleast I hope so.
Q1 Production and Deliveries records broken.
Production 440k, YoY increase of 44%. Deliveries 422k, YoY increase of 36%.
Great results for Q1, even achieved after holiday and line upgrades days were lost this quarter.
Expect Tesla to break production records every quarter this year, but Inventory numbers may increase, however they will be vastly below other auto brands. Austin now at 4,000 per week ramp achieved and as of March 31st Tesla built their 4 millionth vehicle. The Global fleet grows, and driving data collection increases daily. 2023-2024 looks good.
The new sports car does look amazing, great lines. I am thinking it well sell very well.
Media said competition from Ionic, Mercedes and VW but so far Tesla is still the popular choice. With the look of sports car and electric Tesla can't be beaten while Elon is at the helm.
Cybertruck is later this year, and small volumes until 2024 ramp up.
But yes, SP will move higher with good delivery news throughout the year and other sector growth.
Cubertruck and Roadster to start new sales this year.
2ticks, don't sell for loss. If possible try averaging down. If the numbers are good on Sunday then we could see another 5-10% jump and it should then slowly motor towards $240-$250 for once and that will be our chance to decide what to do then.
Ark's Cathy has got $1600 price target and Tesla is the major holding.
Second half rates could go down and that is the reason money is coming back into growth stocks from now itself and we are sitting at $200 currently and this could move easily to $250-$300 in second half. I hold Nvidia and bought at high last year at around $290 and then bought another tranche at $180 last year and now Nvidia is back to $270 already! I'm pretty sure Tesla will be back to $250-$300 this year. Currently it is at $600 in old money. It went to $1200 at the peak, which is $400 in the new money so $250-$300 is reasonable and easy to get.
$25000 car if and when it comes, stock should motor up new highs.
With Cyber truck deliveries increasing, it should all add up to the deliveries.
What new product is this going to be ? Two days to wait for the reveal.
It was nice to see the move up to $207 on Friday.
but rather p****ed off my recent orders missed out. had Buys for $190 and 195 in play over the last few days. Missed by a few cents. Should have done it previous week. Never mind, onward and upwards we go.
BEV sales growth in Europe, US, and China easily beating competitors. Model Y heading towards taking the Toyota Corolla crown of best selling car in the world. Things looking good long term with other Sectors.
Tesla now looking for new factory build in China to build Megapaks. I suspect that will have growth ambitions to bigger production than the proposed Lathop expansion to 40GWhr.
I'll take the inch above 200 Strike,be about 10% loss but prepared to swallow now rather than later.
Toyota reported increase in sales with supply chain pressure easing so I expect Tesla numbers will beat expectations easily. If it does then hopefully we move into 200s and stay there and inch higher!
First quarter Q 1, to come out next week .
This will be an interesting pointer for Sales strength, 450k to 500k.
Berlin now at 5,000 per week ramp.
Moody's upgrade of Tesla investment rating and China sales Jan-Mar 19th are exceeding previous quarter and exceeding figures from same quarter last year are an indication that Tesla demand is not weakening. If the margins continue to improve with manufacturing costs reduced as mentioned by CFO then stock should accelerate to previous high.
Just need FED to put a brake on interest rates.
Good recovery today. $197.
Further 2% is not what markets are expecting I think? But yes if inflation is stubborn then we could see another 2% rise. Hopefully not.
Today has been good. 184 close and should motor towards 200 again as I think next week FED rate rise could be just 25 points and that should support rally for all of March and April. Will add again if it hits 180 in first few mins of opening tomorrow.
US rates have not stopped going up yet. FED will probably add a further 2% over the next 6 months. Tesla will be ok long term. but i think i am waiting till later in then year, unless market drops lower. Hold some cash for a while.