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Tesla maintained a buy at Goldman Sachs
From December 16, the 3 shift system starts in #GigaBerlinBrandenburg, the shifts start Monday to Friday 06:00 / 14:00 / 22:00 .
Subaru recalls 271,000 U.S. vehicles for fire risks, urges drivers to park outside
Hmmm
Well, Tesla fundamentals are heads and shoulders above any other ev company and are growing 50%/year so don't see your point
I just don't understand how Musk releasing Twitter information on how they operated has anything to do with Tesla but...........
Crazy
Tesla China Weekly Insured Units: 12,977
Tesla had 12,977 insured units in China in week 49 (Dec 5-11)—which is more than week 48's (27 Nov-4 Dec) insured units of 11,670. $TSLA
$TSLA's 2023 P/E ratio (based on analysts' forecasts) is now well below $NVDA's and on par with $NFLX's.
This is in spite of $NVDA and $NFLX being expected to grow revenue <10% and $TSLA >50% in 2023 compared to TTM.
Since Jan 2021 Tesla's Market Cap has fallen >20%—despite its TTM EPS increasing >15X
In 7 Quarters Tesla's Net Income has grown >12X:
Q4 '20: $270M
Q3 '22: $3,330M
Today, $TSLA trades at a ~50 P/E—despite growing Q3 Profits 103% YoY
Hit pieces keep coming. Fundamentals will surprise upside in December
Tesla’s bullish pattern consists of a possible inverted head-and-shoulders formation that started to develop on Nov. 7. The left shoulder was created between that date and Nov. 15, the head was formed between Nov. 16 and Dec. 1 and the right shoulder forming over the days that followed.
If the inverted head-and-shoulders is recognized and Tesla eventually breaks up through the descending neckline of the pattern, the measured move is about 20%, which indicates Tesla could surge up toward $238. If that occurs, Tesla will also confirm a new uptrend and regain the eight-day and 21-day exponential moving averages (EMAs) as support.
The bearish chart pattern that’s developed is a possible bear flag pattern, with the pole created between Dec. 1 and Dec. 8 and the flag beginning to form on Friday. If Tesla continues to form a flag and eventually breaks down from the pattern, the measured move is about 14%, which suggests the stock could fall toward $154.
If Tesla regains the eight-day EMA, the bear flag pattern will be negated but a downtrend could still be in the works. If Tesla closes Monday’s trading session under $170, it could indicate lower prices and a continuation of the flag will take place on Monday.
Tesla has resistance above at $177.59 and $190.41 and support below at $166.71 and $152.19.
Tesla Giga Shanghai Denies Rumor of Model Y Production Halt for Last Week of December
Dec 12, 2022
By Eva Fox
0 Comments
Tesla Giga Shanghai Denies Rumor of Model Y Production Halt for Last Week of December
Image: Tesla
Tesla Giga Shanghai denies the rumor that Model Y production will be stopped in the last week of December, according to a local publication. In December, for the second time, Reuters reported a planned reduction in the production of the Chinese factory, justifying this with a decrease in demand in the country.
A December 9 Reuters article, citing an internal memo and two employees, states that Giga Shanghai “will suspend Model Y assembly at its Shanghai plant between Dec. 25 and Jan. 1.”The presumed shutdown is part of a planned 30% production cut in December, according to the information posted.
On Monday, China's IT House reported, citing a Tesla employee, that Giga Shanghai is not suspending Model Y production from December 25 to January 1, 2023, as Reuters previously reported. “That's not true. Why would we stop production? It's a rumor,” said a factory employee, though the name or position was not given.
On December 5, Reuters reported for the first time that Model Y output will be cut by more than 20% this month due to low demand in China. On the same day, Tesla China denied these rumors, saying they were false. If the IT House report is correct, then this will be the second time in a month that Tesla China has denied a rumor from Reuters.
In November, Giga Shanghai sold 100,291 vehicles. At the moment, it seems unlikely that Tesla will cut production due to low demand in China, especially given that cars produced in the last week of the month are likely to go to overseas markets and not be sold in the domestic market. In addition, the company sought to build up inventory to distribute deliveries evenly throughout the quarter and reduce the huge load at the end of the quarter, as before. Obviously, the situation will clear up in the coming weeks.
$TSLA revenue for the quarter ending September 30, 2022 was $21.454B, a 55.95% increase year-over-year.
Tesla revenue for the twelve months ending September 30, 2022 was $74.863B, a 59.8% increase year-over-year.
Tesla annual revenue for 2021 was $53.823B, a 70.67% increase from 2020.
Tesla annual revenue for 2020 was $31.536B, a 28.31% increase from 2019.
Tesla annual revenue for 2019 was $24.578B, a 14.52% increase from 2018.
Tesla cash on hand for the quarter ending September 30, 2022 was $21.107B, a 31.14% increase year-over-year.
Tesla cash on hand for 2021 was $17.707B, a 8.65% decline from 2020.
Tesla cash on hand for 2020 was $19.384B, a 209.25% increase from 2019.
One by one these companies will start to realize how difficult this is to manufacture in volume and have AI control the car. The market will soon realize how far ahead Tesla is!
Tesla Model Y best-selling premium SUV in China in Nov, 2nd-place model far behind in sales
By Phate Zhang/CnEVPost
December 9, 2022 19:34 GMT+8
The Model Y sold 52,424 retail units in China in November, more than four times as many as the second-place BMW X3.
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Tesla (NASDAQ: TSLA) Model Y was the best-selling premium SUV in China in November, and it sold well ahead of the model in second place, a new ranking shows.
With 52,424 retail sales in China in November, the Model Y ranked No. 1 in China in sales of premium SUVs with a starting price above RMB 300,000 ($43,170), according to a list released today by the China Passenger Car Association (CPCA).
The BMW X3 came in second with 12,632 units sold. The Model Y sold more than four times as many units as the BMW X3 in November.
Notably, the price of the entry-level rear-wheel drive Model Y has been reduced to under RMB 300,000 following Tesla's October 24 price cut in China. But the CPCA still included the highly regarded model in its list.
The Audi Q5 came in third with 11,162 units and the Mercedes-Benz GLC was fourth with 10,642 units.
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The Li Auto Li L9 came in fifth with 9,087 units. The company released figures earlier this month showing it delivered a record 15,034 vehicles in November.
The NIO ES7 came in at No. 9 with 4,897 units sold, the first time the model has made the CPCA's list of best-selling premium SUVs.
The Tesla Model Y, with 285,927 retail sales in China from January to November, was also the best-selling premium SUV in the year-to-date period.
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The Mercedes-Benz GLC came in second with 137,565 units sold from January to November and the Audi Q5 was third with 133,924 units. The Li Auto Li ONE came in 5th with 78,329 units and the NIO ES6 came in 10th with 40,281 units.
When all SUVs in the price range are taken into account, the Tesla Model Y was the second best-selling in China in November, below the BYD Song's 63,636 units.
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Great Wall Motor's Haval H6 was third with 20,836 units sold in November, and the Zeekr 001 came in 13th with 11,011 units.
The BYD Song was also the best-selling of all SUVs from January to November, with 408,542 units sold. The Tesla Model Y came in second with 285,927 units and the Haval H6 was third with 234,157 units.
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It is worth noting that despite the popularity of the Model Y in China, Tesla appears to be facing weak demand.
Earlier today, Reuters reported that Tesla will suspend Model Y assembly at its Shanghai plant from December 25 to January 1, as part of a planned production cut of about 30 percent of the model at the plant that month.
Tesla is aiming to produce slightly more than 20,000 Model Ys in the last three weeks of December, including the week when output is suspended, the report said, citing a memo.
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Phate Zhang/CnEVPost
Phate is the founder and main author of CnEVPost. He has been reporting since 2009, mainly on macroeconomics and capital markets. Contact via: phate@cnevpost.com.
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Afraid gm will be first to go belly up unless Biden comes to the rescue and playes favoritism as usual
low pole reversal is seen when a chart falls below a previous low by at least 3 boxes, before reversing to rise by at least 50 percent of the fall
Bullish signal
$TSLA Buffet, Q4, COVER!
Tesla China Weekly Insured Units: 11,670
Past 5 weeks' numbers:
• 28 Nov-4 Dec: 11,670
• 21-27 Nov: 16,121
• 14-20 Nov: 14,366
• 7-13 Nov: 13,939
• 31 Oct-6 Nov: 11,195
$TSLA
Cathie Wood's ARK Believes Tesla Could Hit This Key EV Performance 3 Years Earlier Than Expected If This Happens
8:32 pm ET December 5, 2022 (Benzinga) Print
Cathie Wood is known to be a big Tesla Inc (NASDAQ: TSLA) bull. Now, ARK Investment Management’s Sam Korus, Director of Technology, Autonomous Technology & Robotics, wrote in a note that if the company delivers the Cybertruck with charging power as it disclosed during a recent event, Tesla could reach the EV performance that ARK had projected for 2026 in 2023 — three years ahead of schedule.
Tesla is the second largest holding of the ARK Innovation ETF (NYSE: ARKK) with a weight of 7.94% according to data on the company’s website.
Also Read: Gold IRA Kit
Korus highlighted last week’s event when Tesla delivered to PepsiCo, Inc. (NASDAQ: PEP) the first of the vehicle in a 100-vehicle fleet of heavy-duty electric semi trucks with a driving range of up to 500 miles.
“Tesla demonstrated that fully loaded, its semi-truck made a 500-mile trip without recharging, thanks in part to its impressive regenerative braking capability. The semi-truck traveled up and down the 4136 ft. Grapevine Mountain, which barely changed the slope of the battery usage curve,” Korus wrote in the note.
Shares of the EV-maker closed 6.37% lower on Monday. Tesla is planning to reduce production at its Shanghai factory, reported Bloomberg, citing people familiar with the matter.
Charging Power: During the semi-truck delivery event, Tesla also disclosed its Cybertruck’s charging power. Korus explained that according to ARK’s research, Wright’s Law can forecast improvements in electric vehicle charging rates. “A useful metric that incorporates the efficiency, range, and power capabilities of battery systems is miles of range added per minute charged. Importantly, both the semi-truck and the Cybertruck use 1 MW chargers,” he said.
Chart using Wright's Law that forecasts improvement in EV charging rates, courtesy ARK
“If it does deliver the Cybertruck with charging power as disclosed at this event, then Tesla could reach the EV performance that ARK had projected for 2026 in 2023, three years ahead of schedule!” Korus stated.
Setting up for epic short squeeze
Tesla Reportedly Plans To Ramp Up Model Y Production From Giga Texas To 75K Units In Q1: Money Furnace To Money Spinner?
6:08 am ET December 1, 2022 (Benzinga) Print
Not long ago, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk called out Giga Texas along with Giga Berlin as “money furnaces,” as they were losing billions of dollars. Things might have changed now, at least in the company’s Texas plant, if reports are anything to go by.
What Happened: Tesla's Giga Texas plant is planning to step up production and looks to produce 75,000 units of Model Y electric SUVs in the first quarter of 2023, Electrek reported, citing a source familiar with the matter.
This would mean a weekly production rate of 5,000 units.
The Giga Texas plant was churning out Model Ys at a weekly rate of 1,000, reports said in late August. The same milestone was achieved by the company’s Giga Berlin in June. The German unit's weekly production rate increased to 2,000 per unit by early October.
Both the Giga Texas and Berlin plants become operational this year.
About half of the company’s current production comes from its Giga Shanghai plant. With the ongoing COVID-19 scenario in China, Tesla investors fear production disruptions at the plant. The company, however, hasn’t yet disclosed any impact and is reportedly running the plant under a closed-loop system.
The news of production scaling at the company’s newest Giga factories should come as a relief.
Price Action: Tesla closed Wednesday's session 7.67% higher at $194.70, according to Benzinga Pro data.
Should happen early q1
Yeah, figured the one post with bearish button was a miss click
Tesla (TSLA) is planning massive output from Giga Texas in Q1 2023
Avatar for Fred Lambert
Fred Lambert
| Nov 30 2022 — 2:02 pm PT
Tesla Model Y made-in-texas
Tesla (TSLA) is planning a massive ramp up in Model Y production output from Gigafactory Texas in Q1 2023. In the meantime, the situation is a bit more complex in the United States with the pending tax credit.
Tesla has been keeping us updated on progress in the production ramp at Gigafactory Berlin, which has been producing 2,000 Model Y vehicles per week since last month. The automaker is also simultaneously ramping production up at Gigafactory Texas.
Tesla is a bit more tight-lipped, however, on the production rate at the Austin factory.
Tesla confirmed a production rate of 1,000 Model Ys a week back in June and confirmed having produced its 10,000th Model Y in September. But, the company never confirmed a production rate of 2,000 units per week, like it did for Gigafactory Berlin.
Nonetheless, we now learn that Tesla is feeling extremely confident about the production ramp at Gigafactory Texas.
A reliable source familiar with the matter told Electrek that Tesla is currently preparing for 75,000 Model Y vehicles to come out of Gigafactory Texas next quarter (Q1 2023).
That would put Tesla’s production rate at Gigafactory Texas at over 5,000 units per week throughout the whole quarter.
Even though Tesla is preparing for that kind of output in Q1 2023, it is not in a hurry to get there in Q4 as it is still establishing the logistics to be able to handle that kind of volume increase in the United States.
5,000 units per week is generally Tesla’s goal for volume production and where Tesla wants to be with the Model Y at Giga Texas before moving its focus to Cybertruck production.
Additionally, sources familiar with the matter told Electrek that Tesla is dealing with some level of cancellations in the United States right now due to long wait times leading to some customers’ situations changing between the time they place their order and the actual delivery.
Furthermore, Tesla is also dealing with some customers looking to push their deliveries into next year to take advantage of the upcoming new EV tax credit. As we previously reported, Tesla is not as accommodating as other automakers when it comes to the new EV tax credit, and it is holding its customers to their order contracts.
They can’t push deliveries to try to secure the tax credit that comes into effect next year.
Due to this situation, Tesla appears to be nervous about finding itself with a lot of vehicles in inventory in the United States – like it did last quarter.
Electrek’s Take
We have been starting to see signs that Tesla is having some demand issues in the United States, but it seems to be temporary, primarily due to the tax credit.
And if that’s the case, you can also expect a surge in demand when the tax credit comes into effect in January.
It appears that Tesla is getting ready with a massive new output at Gigafactory Texas.
You would think that the automaker could also try to ramp up production sooner in Q4 and build inventory for when that demand comes, but it looks like the automaker is being more cautious and trying to avoid having too many vehicles in inventory at the end of the quarter.
you bearish now?
Tesla makes more profit than Toyota
Who makes the most profit @Toyota or @Tesla ? pic.twitter.com/rdbyWYpFzx
— Sandy Munro (@teardowntitan) November 30, 2022
Tesla Gets Good News From China. Stock Is Forming a Bottom. -- Barrons.com
8:34 am ET November 30, 2022 (Dow Jones) Print
Al Root
Shares of electric vehicles leader Tesla have been reeling for several reasons in 2022 -- including supply and demand problems in China, the world's largest market for new cars and new electric vehicles (EVs). There are now signs of improvement in the country, which should be met with a sigh of relief from Tesla bulls.
Citi analyst Jeff Chung tracks EV sales in China using insurance registration data. He estimates that Tesla sold more than 16,000 units in China this past week. That's up about 100% compared with the last week of October.
Tesla serves the European and Chinese markets from its most productive manufacturing plant in Shanghai, making weekly comparisons of domestic sales difficult to contextualize. Still, 16,000 vehicles in a week is a lot. It shows demand is solid. It also shows production isn't being impacted by China's zero-Covid policies.
Chung estimates that overall Chinese November EV sales will come in at more than 520,00 units, up almost 20% compared with October. That's more good news. Auto demand has been down in recent months in China. Covid-19 lockdowns are still hitting production as well as demand for new cars. XPeng (XPEV) President Brian Gu told Barron's that dozens of the company's stores are closed because of local lockdowns. That affects XPeng's's ability to deliver cars.
There are signs the Covid-19 restrictions are easing. "China officially lifted the lockdown on Zhengzhou, also known commonly as iPhone city with Foxconn's main Apple production artery located in this key area," wrote Wedbush analyst Dan Ives in a Wednesday report. "This is some good news."
He is talking about good news for Apple (AAPL), but it's good news for any manufacturer in the country. What's more, some workers are being allowed back into offices in Guangzhou.
Tesla investors could do with some good news -- the stock has been cut almost in half so far in 2022 and the shares are down 20% since owner Elon Musk completed his purchase of Twitter. The Nasdaq Composite is up about 0.1% over the same span.
Musk being distracted by running Twitter has been a concern. That remains. But investors have also been worried about Chinese EV data points. With sales rising in November, some of those fears can fade.
And as fears fade, Tesla shares may move. Technical analysts have pointed out that the stock chart pattern looks weak, but shares have been holding the $180 level. That's notable for Evercore ISI technical stock market analyst Rich Ross. Microsoft (MSFT), Google parent Alphabet (GOOGL) and Tesla "have bottomed atop long-term support," wrote Ross in a Monday note.
The $180 level could be a base of support from which Tesla stock can rise if fundamental data points, such as Chinese fourth-quarter deliveries, impress investors.
Tesla stock is up about 0.7% in premarket trading Wednesday. S&P 500 and Dow Jones Industrial Average futures are up about 0.2% and 0.1%, respectively.
Write to Al Root at allen.root@dowjones.com
For sure
Biden’s Secret Service rental vehicles burst into flames after he left Nantucket vacation
https://www.foxnews.com/politics/bidens-secret-service-rental-vehicles-burst-flames-left-nantucket-vacation
Biden’s Secret Service rental vehicles burst into flames after he left Nantucket vacation
Chevy, Ford, Infinity and Jeep all on fire.
None were electric
Trust me, I have it. Look it up on YouTube
That's not full FSD which works everywhere, incl city streets
Faller news, it works on stop signs and red lights!
Tesla Giga Berlin Boosts Productivity by 65% Compared to September, Plans to Add 3rd Shift in December
by Eva Fox November 28, 2022
Giga Berlin Gigafactory Berlin Tesla
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Image: @Gf4Tesla/Twitter
Tesla Gigafactory Berlin increased productivity by 65% ??compared to September. In this regard, the company plans to add a third shift in December.
Tesla's new factories continue to actively ramp up production, aiming to reach a production capacity of 5,000 vehicles per week by the end of 2022/early 2023. It looks like things are going really well at Gigafactory Berlin. On October 1, the factory announced that it had reached a production capacity of 2,000 Model Ys per week, meaning that it was averaging about 333 vehicles per day. It should be kept in mind that Giga Berlin operates six days a week, and not seven, like other factories of the company.
New information indicates that Tesla's German factory has made significant progress since then. Drive Tesla learned that last week Giga Berlin set an impressive new production record. In one week, 550 cars were produced, which corresponds to an increase of 65% compared to September. It is worth noting that this increase in production capacity occurred in less than two months, which is a strong indicator of how quickly the factory can grow.
Thus, at the moment, Giga Berlin is producing around 3,300 Model Ys per week, which is already approaching the planned milestone of 5,000 vehicles per week. If the factory continues to increase capacity at the same rate, then the milestone will be reached before the end of the year, as originally planned by Tesla.
In addition, this rapid increase in production makes it possible to add another work shift. According to the document reviewed by Drive Tesla, a third production shift at Giga Berlin will be added as early as mid-December. This will enable the factory to remain operational 24 hours a day.
© 2022, Eva Fox | Tesmanian. All rights reserved.
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We appreciate your readership! Please share your thoughts in the comment section below.
Article edited by @SmokeyShorts; follow him on Twitter
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ABOUT THE AUTHOR
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Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
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You'll get it back, probably with 11. I'm testing daily, darn impressive!
Tesla Analyst Flags 2 Features That Prove Using FSD Is Safer Than Driving Without It
7:51 am ET November 28, 2022 (Benzinga) Print
Tesla Inc.’s (NASDAQ: TSLA) full-self driving beta, which got a wider launch earlier this month, is touted as a key revenue opportunity for the electric vehicle maker.
What Happened: Tesla’s FSD is amazing and in a year it will attain level-4 autonomy, fund manager Ross Gerber said in a tweet on Sunday.
He was responding to a tweet by Dan O’Dowd, one of the harshest critics of Tesla’s FSD suite.
O’Dowd highlighted a full-page ad his firm ran in The New York Times, underlining the results of a dummy crash test it conducted with Tesla’s FSD.
See Also: Tesla Stock Lifts Off, Lucid's 'Ready To Delivery' Offer, Rivian Worker Safety Complaint And More: Week's Biggest EV Stories
The test found that the FSD software will repeatedly hit a child mannequin in a stroller. The software developer also noted that 85% of the people felt the package has to be banned.
This is utter BS. FSD beta is amazing. And in a year we will be at level 4 autonomy. Im sure just this weekend it saved lives now in full release. $TSLA https://t.co/NQvFwj9zZD
— Ross Gerber (@GerberKawasaki) November 27, 2022
Gerber On FSD’s Safety: Tesla’s FSD drives conservatively as it’s optimized for safety and not speed to destination, Gerber said. The software package is all about safety and the more we use it, the safer it is for us, he added.
The FSD forces participants to pay a greater level of attention to driving without distractions, the fund manager said. The software and hardware layered on can now drive better than many people, he said.
“With the software enabled while paying attention, improves safety exponentially,” Gerber said.
The fund manager pointed to two FSD features that make it safer than driving without it on. If a user does not pay attention to driving, warning sound and lights are activated, he said. Also, one cannot use their phone while driving on FSD, he added.
In a note released in mid-2021, Loup Funds’ Gene Munster had said FSD alone will be worth about $850 billion for Tesla in a decade.
Elon Musk Has Great News For Tesla Investors. He Has Advice For Managers, Too. -- Barrons.com
1:03 pm ET November 27, 2022 (Dow Jones) Print
Al Root
Tesla CEO Elon Musk has some welcome news for investors. Tesla is having its best quarter ever.
An email from Musk to Tesla (ticker: TSLA) employees surfaced on Twitter Saturday. It contained some detail about Tesla's fourth quarter as well as some advice for managers.
"I'd like to congratulate you on an excellent quarter so far," reads the email sent to Tesla employees. "This is likely to be the best ever in Tesla history thanks in large part to your efforts."
Tesla didn't immediately respond to a request for comment, but Musk replied to the series of tweets about the email "Correct. Good Thread."
It's an early confirmation of what investors expect. Wall Street expects Tesla to deliver about 438,000 vehicles in the fourth quarter, up from 343,830 delivered in the third quarter of 2022 and 308,600 vehicles delivered in the fourth quarter of 2021.
Whether that translates into record operating profit can't be known yet, but Wall Street expects a record by a wide margin, forecasting operating profit of $4.9 billion. That would eclipse the $3.7 billion reported in the third quarter of 2022.
Higher volumes should lead to higher profit, but EV prices have been coming down in China recently. Lower pricing can impact profit.
Musk addressed pricing in the email saying that it is "absolutely vital" that Tesla adhere to its policy of zero negotiations on pricing. Tesla didn't immediately respond to a request for comment if price discounting had become an issue.
Along with the some detail about the current quarter. Musk had some advice for his managers and employees. "Excessive meetings are the blight of big companies," wrote Musk in the second half of the email. He even suggested walking out of meetings when attendees are no longer providing any value.
Musk advocates for open communication between departments and the "free flow of information between all levels" of the company.
He advocates for common sense, too. It all sounds like reasonable advice for any business. Investors will likely focus on the first half of the employee communication.
Coming into Monday trading, Tesla stock is down about 48% this year, while the S&P 500 and Dow Jones Industrial Average are off about 16% and 6%, respectively.
Tesla stock has been hit by a combination of factors such as rising interest rates, inflation, parts shortages, production disruption due to China's zero-Covid policies as well Elon Musk taking on the task of turning around Twitter.
Tesla stock rose about 1.5% this past week, their first weekly rise in the past four weeks. Shares are down about 19% since Musk closed on his purchase of Twitter.
Write to Al Root at allen.root@dowjones.com