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NEWS: Tesla produced a record 87,700 vehicles in October at Giga Shanghai - CMBI
That’s an annual run rate of over 1.05 million vehicles.
@elonmusk has filed Form 4s tonight with the SEC showing he sold over 18 million $TSLA shares (worth over $3.5 billion) last Friday (Nov 4th), yesterday (Nov 7th) and today (Nov 8th).
Software update already fixed issue. Cost to fix: 0
I tell you $500 is where we're headed
Good luck
No, just a company, like Apple, with the best product and great margins. Having founded quite a few companies and taken several of them public imeo PROFIT is what counts
Toyota sold 7 times more cars than Tesla in Q3, but earned 8 times less profit
It filled, buying with both hands
Gary Black
@garyblack00
·
11h
What are institutions saying?
1/ $TSLA looks cheap
2/ Positive revisions coming with big China 4Q and big USA 1Q
3/ 2023 with Cytruck catalyst could be like 2020 with Model Y
4/ Elon will have to put more $ into TWTR as advertisers flee
5/ “I’ll wait until TWTR noise dies out”
Tesla Bull Cathie Wood's ARK Says EVs Could Capture Much Higher Market Share
9:31 pm ET November 7, 2022 (Benzinga)
In its weekly newsletter, Cathie Wood’s ARK Investment Management has argued that electric vehicles are likely to capture a much higher share of the market than the fund forecast earlier.
Instead of 48 million units, EV sales would scale eight-fold from 8-9 million units this year to roughly 67 million in 2027, said Sam Korus, Director of Research, Autonomous Technology & Robotics at ARK.
However, ARK has also stated that several forces could derail this forecast.
“Perhaps because of materials shortages or technology issues, EV production will not be able to scale that quickly. Perhaps a severe decline in used car prices will pose more of a competitive threat than we anticipate,” Korus wrote.
Also Read: Investing For Beginners
The fund also highlighted that according to Wright’s Law and ARK’s adoption model, as the cost to produce 300-mile range EVs continues to decline, their market share will approach about 67%, or 48 million units, in 2027.
Wood has been a big believer in Tesla Inc (NASDAQ: TSLA) which was a top contributor to ARK Innovation ETF's (NYSE: ARKK) and ARK Next Generation Internet ETF's (NYSE: ARKW) third-quarter performance. The EV-maker is the second largest holding of the company’s flagship fund.
On October 20, Wood had bought over 66,000 shares of Tesla at an estimated valuation of over $13 million.
I suggest you look at their financials which includes shareholders equity of $30b. 2023 p/e now about 20 and that's for a company growing 50% on top and bottom line plus same for cash flow
Agreed
Buying, call me crazy
Been here before, 2019, history could be a guide
all just mho
Let's see Q4 to determine which way the winds blow
Tesla TSLA Could Grow to a $4.5 Trillion Valuation Over the Next Decade, Says Ron Baron
by Eva Fox November 04, 2022
Tesla shares could rise 570% over the next decade to a $4.5 trillion valuation, according to investor Ron Baron. The estimate does not include robots, autonomous vehicles, nor batteries.
Renowned investor Ron Baron of Baron Capital remains bullish on Tesla. He told CNBC on Friday that he expects Tesla to turn in huge gains that will eventually lead to a company valuation of around $4.5 trillion, up 570% from current levels.
Baron is a longtime investor in Tesla, first acquiring a stake in the company in 2014. He has a combined stake in Tesla worth about $4 billion. The investor believes that in 2025, the company's shares will be worth about $500-600 each, and in 8-10 years, the total value of the company will be about $4.5 trillion.
“I think in 2025 it [Tesla stock] will be $500 to $600. And in eight to ten years we ought to be somewhere around $4.5 trillion,” Baron said.
The investor agrees with Elon Musk's comments during the Q3 2022 Earnings Call that Tesla could be bigger than Apple and Saudi Aramco combined, implying a valuation of over $4 trillion.
The calculations behind Baron's bullish target are based on Tesla significantly expanding its business over the next decade, selling about 20 million vehicles a year.
“In 2030, if he [Elon Musk] does 20 million cars per year, and they're $50,000 a car, that's $1 trillion in revenues, and he gets operating profits at somewhere around 30%,” Baron explained, adding a 15x multiple on those $300 billion in operating profits get you to $4.5 trillion.
The investor emphasizes that the bullish case outlined solely by the contribution from Tesla vehicles to revenue does not include other impressively profitable areas that the company is working on right now. Areas such as autonomous cars, robots, and batteries definitely offer a margin of safety for his investment.
“But that's not including robots, that's not including autonomous vehicles, that's not including batteries. He [Musk] thinks robots are going to be bigger than cars. So there's so many things happening at Tesla,” it's hard to keep up, Baron explained.
© 2022, Eva Fox | Tesmanian. All rights reserved.
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I feel a massive short squeeze coming on
How many cars have they delivered. How's many will they produce in 2023?
No
Fake news, shareholders equity is about $30b
Tesla Model Y becomes best-selling car in Europe, and might be for a while
Fred Lambert
- Oct. 28th 2022 3:16 am PT
Tesla Model Y took the top spot on the list of best-selling cars in Europe in September, and the electric SUV might stay there for a while.
Over the years, Tesla’s vehicles have often become the best-selling vehicles in certain European markets.
However, it never topped the list of best-selling cars in the entire European continent until now.
Reuters announced the accomplishment, which was based on new car registration data released by JATO Dynamics:
This is the first time that Tesla’s sports utility vehicle has led the rankings in Europe, London-based JATO Dynamics said on Wednesday as 29,367 Model Y cars were registered last month, up 227% from last year.
The Tesla Model Y took the top spot away from the Peugeot 208, which came in second, and Renault’s Dacia Sandero came third in the September best-selling car rankings. Both of those vehicles are also much cheaper than Tesla’s electric SUV.
The electric SUV was able to take the top spot due to wider availability thanks to Tesla ramping up production at Gigafactory Berlin.
Tesla confirmed that Gigafactory Berlin achieved a production rate of 2,000 Model Y vehicles in a week at the end of September. Those Model Y SUVs are superficially for European markets, and Tesla continues to import more Model Y vehicles in Europe from China.
Electrek’s Take
Now that it has taken the top spot, I think that the Tesla Model Y could keep it for a while.
Tesla’s production rate of 2,000 units per week was only achieved at the end of September, and therefore, it will only impact deliveries in Q4.
Those vehicles are part of Tesla’s extra ~20,000 vehicles that were in transit at the end of the quarter.
Also, Tesla is not stopping at 2,000 vehicles per week. The automaker is looking to ramp production at Gigafactory Berlin to 5,000 Model Ys per week, which should greatly improve availability and wait times in Europe.
If demand can hold, Model Y should have no problem staying at the top of the best-selling car list in Europe, and maybe soon for the whole world.
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Anyone else noticing how Tesla is growing revenues, profit and cash flow while big Tech is declining? Tesla is the best investment in this climate imho
You'll learn to appreciate it. PC on wheels, no knobs needed. Y will be the worlds best selling vehicle in 2023
It is the worlds largest ev manufacturer in volume, revenue, profit and cash flow
Way way oversold
Has to happen, hopefully this is only the beginning
Short squeeze coming
Will close green
All fud out there, Reuters has the real story about reduced cost whereas NBC et all lead with reduced demand. Never mind price points to qualify for tax rebates and extreme amount of orders after announcement.
Ray4Tesla????????
@ray4tesla
New orders online temporarily crashed Tesla site. This Tesla sales rep advises buyers to contact her directly if orders can’t go through.
New orders online temporarily crashed Tesla site. This Tesla sales rep advises buyers to contact her directly if orders can’t go through. https://t.co/mbN0OUO7ad pic.twitter.com/A7BMuds1Nh
— Ray (@ray4tesla) October 24, 2022
It's nothing but great news, costs are down so margin prevails and sales increase with tax reductions.
Tesla China cuts prices across entire lineup making entry-level Model Y eligible for incentive
October 23, 2022 Darryn John News 0 Comments
model3modely
After rumours over the weekend that Tesla was going to make a big announcement in China, the automaker did just that by cutting prices on their entire Model 3 and Model Y lineup on Monday morning.
Along with the price cuts, the entry-level Model Y is once again eligible for China’s NEV incentives, a move which should make the electric SUV even more popular in China.
Model 3 Price Changes
The Model 3 saw the smaller price cuts. The entry-level RWD variant dropped ¥14,000 to ¥265,900(~$50,100 CAD/$36,600 USD).
The price cut for the Model 3 Performance was a little more, dropping by ¥18,000 to ¥349,900 (~$66,000 CAD/$48,200 USD).
Model Y Price Changes
Following production line upgrades at Giga Shanghai that significantly increased Model Y output, the electric SUV saw even bigger price cuts.
The Model Y RWD was the recipient of the second biggest price drop of ¥28,000, and now is available for ¥288,900 (~$54,500 CAD/$39,800 USD).
Now that the Model Y RWD is priced under ¥300,000, it is once again eligible for China’s purchase tax exemption after, a subsidy which officially ends at the end of this year but is expected to be extended beyond that date.
Even without the incentive, the Model Y is the second most popular SUV in China this year.
The biggest price drop belongs to the Model Y Long Range, going from ¥394,900 to ¥357,900 (~$67,500 CAD/$49,300 USD), a drop of ¥37,000.
Finally, the Model Y Performance dropped ¥20,000 to ¥397,900 (~$75,000 CAD/$54,800 USD).
Here is a breakdown of all the price changes.
Model 3 Model Y
Old Price New Price Difference Old Price New Price Difference
RWD ¥279,900 ¥265,900 -¥14,000 ¥316,900 ¥288,900 -¥28,000
Long Range N/A N/A N/A ¥394,900 ¥357,900 -¥37,000
Performance ¥367,900 ¥349,900 -¥18,000 ¥417,900 ¥397,900 -¥20,000
Tesla also made two other announcements to go along with the price cuts.
The first is that the insurance subsidy that has been offered since mid-September, and that was recently extended to the end of the year, has been cancelled effective immediately. That means any orders placed under the new pricing scheme will not be eligible for the incentive, which would have saved customers another ¥7,000 ($980 USD/$1,500 CAD).
Finally, after making a similar change in North America late last year, Tesla also updated the Design Studio to make Midnight Silver a free colour option, but strangely only for the Model Y RWD according to the Design Studio.
About what?
Should Apple, Microsoft, Amazon and Alphabet?
Tesla is a safe haven during recession, look at his comments about pedal to the metal even if we are in recession. Demand being strong is key
Tesla Humiliates Volkswagen, Mercedes
October 19, 2022
Elon Musk’s group has just inflicted a crushing defeat on its German competitors.
In the race for electric vehicles, every detail counts because it can make the difference.
And there are often details that can give a significant psychological advantage to some of the players or undermine the morale of others.
The stakes are very high.
Each car manufacturer wants to have a significant share of this automotive segment, the electric and autonomous vehicle, which is considered the future.
For Tesla (TSLA) , the current market leader, the mission is clear: to preserve its lead and increase it to leave only crumbs for its rivals, who came too late in the game. The Austin, Texas-based automaker has set itself the goal of delivering at least 1.5 million vehicles in 2022, which will be an all-time high.
The Wolves
The firm of the charismatic and whimsical Elon Musk expects to deliver 20 million vehicles per year by the end of the decade. As for his rivals – and there are many of them – they are fighting for the second place but they aim to dethrone Tesla in the near future.
Upstarts or young wolves like Rivian (RIVN) , Lucid (LCID) and Chinese NIO (NIO) must, for the moment, prove that they can manage an increase in their production rates while the prices of raw materials have soared and the disruption of supply chains remains.
As for legacy carmakers, they want to prove that they can make the transition to battery electric vehicles (BEVs) smoothly. They also want to use their experience in mass production to move up a gear.
Some of them, such as the German giant Volkswagen (VLKAF) and the American automakers Ford (F) and General Motors (GM) , have therefore announced ambitious production targets for the next three years. They promise to produce millions of electric vehicles per year, while they are struggling for the moment to produce 100,000 annually.
While they may have made inroads by nibbling market share from Tesla, the T brand continues to send them very discouraging signals. Tesla has just inflicted a crushing defeat on the German giants in their own playground.
Tesla, First EV Maker in Germany
Indeed, the company sold more new electric vehicles in Germany than its local rivals during the first nine months of the year, according to official figures published on Oct. 18.
Tesla recorded 38,458 new registrations between January and September, data from the Germany Federal Motor Vehicle Office (KBA) show. This is an increase of 48% compared to the same period in 2021.
It must be said that Tesla opened a production site near Berlin in March. The vehicles produced there are not only shipped to other European markets but also sold in Germany, one of the largest markets for electric vehicles in the world.
Volkswagen, the multi-brand giant headquartered in Wolfsburg, recorded just 32,326 new registrations, down 41% year-on-year. This is a huge setback for the group which recently changed CEO, following internal power struggles.
While Mercedes-Benz (DDAIF) and BMW (BMWYY) have seen a surge in new registrations, their sales are still far from approaching Tesla’s levels. New registrations of electric vehicles reached 14,619 units for Mercedes, a yearly increase of 95%, and amounted to 16,241 for BMW, which is a yearly increase of 53.2%.
Tesla has therefore beaten the three German groups, who want to compete in each segment of the electric market at home.
Ford is also in a very good shape in the German market.
The group, which markets its Ford Mustang Mach-E SUV and the E-Transit in Europe, recorded 3,580 new registrations between January and September, up 117.5%.
GM is no longer in the European market for now.
Elon Musk Says Tesla Can Exceed Market-Cap Of 'Apple And Saudi Aramco Combined;' Addresses Buyback, Cheaper Model Outselling All Vehicles And More At Q3 Earnings Call
5:54 am ET October 20, 2022 (Benzinga) Print
Tesla Inc.’s (NASDAQ: TSLA) third-quarter results fell short of topline expectations and the stock reacted with a move to the downside.
What Happened: When CEO Elon Musk and his lieutenants took center stage to deliver the prepared speeches and address shareholder and analyst questions, the stock popped briefly before reversing.
Here’s a compilation of key highlights from the earnings call:
Tesla Bracing For Record-Breaking Q4: Musk said he’s bracing for a record-breaking fourth quarter and an “epic” end of the year. Q4 looks extremely good, he said.
Even with CFO Zachary Kirkhorn’s remarks that 2022 deliveries will grow just under 50%, Tesla is left with the daunting task of producing and selling record vehicles in the final quarter of the year. A 50% growth for 2022 would mean deliveries of 496,315 units in the fourth quarter.
Buyback Likely: Musk mentioned the possibility of a $5-billion to $10-billion buyback.
“Even in the downside scenario next year, even if next year is -- was a very difficult year, we still have the ability to do a $5 billion to $10 billion buyback,” he said.
See Also: How To Trade Tesla Stock Before And After Q3 Earnings
Tesla Could Topple Market-Cap Leaders: Tesla can far exceed the market capitalization of current leaders Apple Inc. (NASDAQ: AAPPL) and Saudi Aramco, Musk said.
“I see a potential path with Tesla worth more than Apple and Saudi Aramco combined,” he said, adding that it is a tall order. "With a lot of work, some very creative new products, managing expansion and some luck, it is achievable, he added.
Will require truly exceptional execution, but it is possible
— Elon Musk (@elonmusk) October 19, 2022
Regulatory Approval Could Hold Back FSD Launch: Tesla is planning a wider launch of its full-self-driving package by the end of the year but regulatory approval may not come through by that time, Musk said.
“But the car [will] be able to take you from your home to your work, your friend's house, to the grocery store without you touching wheel,” he added. Achieving FSD full-time will occur with 100% certainty, the billionaire said.
Next-Gen Vehicle Platform: Musk also shed light on Tesla’s next-gen vehicle platform, which, he said, will have costs similar to the Model 3 and Model Y platforms but will be smaller. Production of the platform will exceed all the other vehicles combined, he said.
“I mean, obviously, we're going to take everything we learned from S, X, 3, Y, Cybertruck and Semi into that platform,” he added.
Semi Delivery On Track: Musk confirmed that Tesla will begin deliveries of the first production of Semis to PepsiCo. (NYSE: PEP) on Dec. 1. The company is shooting for a production ramp-up to 50,000 units in 2024 in North America and then expanding beyond the region.
Price Action: Tesla shares rose 0.84% to $222.04 on Wednesday but fell 6.28% to $208.10 in after-hours trading, according to Benzinga Pro data.
Great call, Revenue, profit and cash flow records. Q4 close to 500k cars, guess we'll know more with October numbers. 50% growth in 2023 even if recession. Only potential negative is Elon sells due to Twitter deal but that does not fundamentally change Tesla value, stocks are simply on other hands. Personally I think we rally after morning dip and through end of year bar force majeure.
Listen to call
Good luck
I'm being upwards and then $300+ after October sales numbers. Crossing fingers