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Same here but no FSD yet
No idea but have sent them message through service app
No
Room to grow! In 2019, the Taiwan Automotive market was estimated at 426 thousand new units and is expected to grow to 435 thousand new units in 2026 with a growth rate of 0.3% over this period.
24M people and also about 2M scooters , millions of used cars
I'm still waiting and I'm over 80%, ugh. Actually paid for it twice, last car (S P100D) and new one (X PLAID) so would love to have it
Tesla Opens Order Page in Taiwan for Giga Berlin-Made Model Y
by Eva Fox September 23, 2022
Tesla opened an order page for the Model Y in Taiwan, delighting many customers. The cars will be imported from Germany as they will be built at Giga Berlin.
On Friday, Tesla fans in Taiwan received great news: the long-awaited Model Y is now available for order in the country. An owner of several of the manufacturer's cars, @hsumacher/Twitter, wrote that he would finally be able to complete his collection by adding the Model Y to the existing S, 3, and X. He also revealed that the Model Y for Taiwan will be produced at Giga Berlin and, accordingly, delivered from Germany.
According to the order page, the first deliveries of Model Y will start as early as Q4 2022. The Long Range version costs NTD 2,299,900 (about $72,450), and the Performance version is NTD 2,599,900 (about $81,900). The vehicles will be fitted with CCS2 plugs.
Although Tesla's website does not list the country of manufacture of the vehicles, @hsumacher has received confirmation that they will be manufactured at Giga Berlin, in Germany. Obviously, such a measure was taken due to the complex geopolitical relations between China and Taiwan, which have serious restrictions on trade, including cars.
Tesla cars are very popular in Taiwan. For example, in August with 1,774 sales, Model 3 was the second best-selling car in the country, behind only the Toyota Corolla Cross. In the electric car market, Model 3 was the only bright spot, as its closest competitor, BMW iX, only sold 69 vehicles.
© 2022, Eva Fox | Tesmanian. All rights reserved.
Tesla Analyst Says This Factor Will Drive Powerful-Enough 'Narrative Shift' To Draw In Long-Time Skeptics
6:47 am ET September 23, 2022 (Benzinga) Print
Tesla would be a beneficiary of tech advancements and regulatory support in the form of Inflation Reduction Act (IRA) tax credits over the next decade, according to an analyst at Morgan Stanley.
Tesla’s cost of goods sold per unit will likely continue to fall with continual learnings, higher volume per SKU, greater efficiency in the supply chain and structural battery pack implementation, analyst Adam Jonas said in a note.
The analyst sees further significant opportunities to reduce battery costs. Tesla is likely to make more than 3.1 million electric vehicles in the U.S. by 2030, and a potential $10,000 IRA boost per unit could fetch over $30 billion to the company, the analyst estimates.
This could provide a 50% potential upside to Morgan Stanley’s 2030 auto EBIT estimate of $65 billion, Jonas said, adding that there is also likely to be gross margin expansion.
See also: Tesla Has A 'Competitive Moat' In This Area — Ford, GM Now Have A Chance Of Breaking It, Thanks To Biden: Analyst
The $7,500 consumer tax credit may not be applicable due to the “entity of foreign concern” clause, the analyst said. However, if IRA is implemented without any change, Tesla could potentially benefit to the tune of $55 billion from production tax credits alone from 2023-2030, he added.
“We believe that investors don’t yet appreciate the sheer magnitude of this bill,” the analyst said.
When investors look into which companies can vertically integrate and which have the capital to deploy in re-architecting the supply chain at giga/tera-scale, they may find Tesla to be the “easier name to own," Jonas said.
As such, the analyst thinks, Tesla’s emergence as a U.S. “infrastructure player” can drive a “narrative shift” powerful enough to onboard long-time skeptics in the name.
Jonas has an "overweight" rating and $383 price target for Tesla shares.
Price Action: Tesla closed Thursday’s session down 4.06% at $288.59, according to Benzinga Pro data.
Latest Ratings for TSLA DateFirmActionFromTo
Feb 2022Daiwa CapitalUpgradesNeutralOutperform Feb 2022Piper SandlerMaintainsOverweight Jan 2022Credit SuisseUpgradesNeutralOutperform
View More Analyst Ratings for TSLA
View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
If that's what you believe then short it and ignore record revenue, profit and cash coming shortly
Recall comes from the car being recalled back to dealer/manufacturer for repair. Not so with Tesla, simple software delivery. They need to change the terminology, pure FUD headlines!
Elon Musk Subtweets 'The Terminology Is Outdated & Inaccurate. This Is A Tiny Over-The-Air Software Update. To The Best Of Our Knowledge, There Have Been No Injuries' In Response To 1.1M Vehicles Receiving Software Update Recall
12:32 pm ET September 22, 2022 (Benzinga) Print
The terminology is outdated & inaccurate. This is a tiny over-the-air software update. To the best of our knowledge, there have been no injuries.
— Elon Musk (@elonmusk) September 22, 2022
Tesla is the inflation hedge, just watch after September is over
Tesla, Take-Two and Exxon are among the exceptions to this big problem for stock prices
12:50 pm ET September 22, 2022 (MarketWatch)
Print
By Philip van Doorn
Investors love to see steady increases in sales and profit estimates, but these have been declining for most sectors
Over the long haul, stock prices are pushed higher by steady increases in estimates for companies' sales and earnings. But this process has been reversed recently for many sectors and scores of companies -- since June 30, consensus 12-month sales estimates have been cut for 172 companies in the S&P 500.
Still, there are always exceptions, and some of those are listed below, followed by a round up of estimate changes by sector and a list of 20 companies in the S&P 500 that have suffered the largest recent cuts in sales estimates.
Let's begin by accentuating the positive.
Biggest sales estimate increases among the S&P 500
When looking at individual companies, it can be more helpful to begin with changes in revenue projections, rather than earnings, because of the accounting vagaries that can distort any company's profit.
Here are the 20 companies in the S&P 500 with the largest increases in consensus 12-month sales estimates since June 30:
Company Ticker Change in rolling 12-month sales estimate since June 30 Change in rolling 12-month EPS estimate since June 30 Price change since June 30 2022 price change P/E P/E as of June 30
Take-Two Interactive Software Inc. TTWO 66% 10% -4% -34% 19.0 21.6
Albemarle Corp. ALB 35% 73% 36% 22% 12.6 15.9
Enphase Energy Inc. ENPH 16% 22% 56% 66% 63.6 49.8
Tesla Inc. TSLA 13% 16% 34% -15% 55.9 48.4
Exxon Mobil Corp. XOM 11% 16% 6% 49% 8.0 8.7
Hess Corp. HES 11% 2% 10% 58% 10.9 10.1
Carnival Corp. CCL 10% N/A 12% -52% N/A N/A
Kinder Morgan Inc. Class P KMI 10% 3% 5% 10% 14.3 14.2
Halliburton Co. HAL 9% 13% -14% 18% 10.5 13.8
EOG Resources Inc. EOG 9% 1% 7% 33% 7.5 7.1
Lamb Weston Holdings Inc. LW 9% 8% 9% 23% 25.1 24.9
Cardinal Health Inc. CAH 8% 0% 29% 31% 12.4 9.6
Camden Property Trust CPT 8% 14% -9% -31% 41.4 52.1
Royal Caribbean Group RCL 8% N/A 34% -39% 64.4 N/A
Prologis Inc. PLD 8% 4% -8% -36% 27.6 31.1
Norwegian Cruise Line Holdings Ltd. NCLH 8% N/A 31% -30% N/A N/A
Atmos Energy Corp. ATO 8% 2% 0% 8% 18.9 19.3
VICI Properties Inc. VICI 8% 3% 7% 6% 15.3 14.7
Comerica Inc. CMA 8% 16% 6% -11% 7.8 8.5
Schlumberger NV SLB 7% 15% 5% 25% 14.5 15.8
Source: FactSet
Click on the tickers for more about each company, including news coverage, financials and charts. Then read Tomi Kilgore's detailed guide to the wealth of information available for free on MarketWatch quote pages.
Take-Two Interactive Software Inc. (TTWO) tops the list. The company owns Rockstar Games, which develops the Grand Theft Auto series of videogames, along with several other popular gaming franchises. Jefferies analyst Andrew Uerkwitz cited the company's "unprecedented wave of content" when raising his target price for the shares by 66% to $200 on Sept. 9. Anticipation is building for the release of GTA VI, although Take-Two has made no specific announcement, other than to say that it has allocated more resources to that game, while thanking staff members who have supported GTA V and its expansions since its release in 2013.
Uerkwitz rates Take-Two a "buy" and wrote in a note to clients that he would "happily wait patiently" for the new game's release. When GTA VI is announced, the analyst expects "a rerating in the valuation and consistent stock appreciation as excitement and anticipation builds."
Tesla Inc. (TSLA) ranks fourth the list, with its new factories in Texas and Germany expected to feed continued production increases, along with a boost to demand from renewed electric-vehicle tax subsidies in the Inflation Reduction Act an the expected availability of its Cyber Truck in 2023.
For Exxon Mobil Corp. (XOM), earnings estimates have continued to increase, despite the pull back in the price of West Texas crude oil WBS. 1.
Lower on the list is Comerica Inc. (CMA), the Dallas-based bank that has already seen a large increase in its net interest income. The bank tops a list of lenders expected to take best advantage of the rising-interest-rate environment.
Companies with "N/A" for the current forward price-to-earnings ratio are those expected to show negative EPS over the next 12 months.
Forward P/E is the most commonly used price valuation for stocks. This is a company's current share price divided by the consensus 12-month earnings-per-share estimate among analysts working for brokerage firms. If the rolling 12-month earnings estimates increase steadily, higher stock prices are supported over time. Investors are used to these numbers going up quarter-to-quarter as companies file financial statements.
P/E ratios are down, but maybe not down enough
There is pressure on stocks because of the Federal Reserve's tightening of monetary policy in an effort to bring inflation under control. This has pushed interest rates higher, making bonds a viable choice for many investors who had shied away from them for years.
During his press conference on Sept. 21 following the Federal Open Market Committee's announcement of its decision to increase the federal-funds rate by another 0.75 percentage points, Federal Reserve Chairman Jerome Powell said "no one knows" if the central bank's moves will lead to a recession.
But Wall Street analysts' estimates for sales and earnings -- based on companies' reported results and forecasts and the analysts' own projections -- have been declining for scores of companies.
(MORE TO FOLLOW) Dow Jones Newswires
September 22, 2022 12:50 ET (16:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
A fool and his money,.....
'Tesla Adds 500k Square Feet To Gigafactory Texas In Revised Site Plan' - Teslarati
12:03 pm ET September 21, 2022 (Benzinga) Print
Tesla has revised its application for Giga Texas to reveal a potential 500,000 square foot expansion of the automaker’s electric vehicle production factory located outside of Austin. Tesla added 12 acres to the site’s limits of construction, while adding 522,720 feet of space to the limit.
Teslarati discovered Tesla has officially filed a revised application with the City of Austin’s Housing and Planning Department on September 20. The City noted that “[Tesla] is proposing Revision to previously approved Site Plan.”
Upon inspection of the new filing and comparing it to the old filling, Tesla is proposing a change to the Giga Texas site plan by expanding the limits of construction. The acreage in the previous application was listed at 268. The new application lists it at 280.
Additionally, the square footage of the factory is set to expand by 500,000 square feet. The previous application lists the limits of square footage at 11,674,080. The revised application filed by Tesla yesterday pushes the square footage limit to 12,196,800.
Tesla says Gigafactory Texas covers over 250 acres of land and has over 10,000,000 square feet of factory floor, so the applications both line up with the company’s description of the factory on its website.
Gigafactory Texas currently builds 250,000 vehicles annually, according to Tesla’s most recent Shareholder Deck. However, the factory opened earlier this year and is not fully ramped. A few days ago, Tesla announced that the factory had built its 10,000th Model Y. Eventually, Gigafactory Texas is expected to build upwards of 500,000 vehicles annually.
However, Tesla may be planning to expand the factory with an additional 500,000 square feet of manufacturing space. This could expand production capacities even further, making it a major contributor to Tesla’s yearly manufacturing volume.
Tesla has plans to produce the Cybertruck at Gigafactory Texas sometime next year. The vehicle had its design finalized earlier this year, Musk said.
This filing follows several other Gigafactory Texas expansion projects, which Tesla has planned for in the past year. In late June, Tesla filed to expand General Assembly 2 and General Assembly 3 by 500,000 square feet. Additionally, Tesla filed in mid-July to build on a 68.11-acre plot adjacent to the factory. It was listed as a “Production Support Area.”
The most recent development took place in mid-August when Tesla’s application to build a massive battery energy storage system (BESS) project at Gigafactory Texas was approved. The project is listed as a 53.27-acre land plot that will house Tesla Megapacks to support the energy grid by storing excess energy produced by solar panels.
While Tesla did file for an expansion of acreage and square footage, it doesn’t mean that it will expand the factory in the near future. Tesla could be preparing to give itself more real estate to work with in the future, especially if it plans to add even more elements to the Giga Texas campus. Additionally, we haven’t seen any progress on the Gigafactory Texas “ecological paradise” that Musk talked about when he announced Gigafactory Texas. Perhaps this could have something to do with that as well.
Elon Musk Tweets "Ecological Paradise Plans From South Portion Of Giga Texas To River Look Great, However We Must First Get The Factory Financially On Its Feet'
Ecological paradise plans from south portion of Giga Texas to river look great, however we must first get the factory financially on its feet
— Elon Musk (@elonmusk) September 21, 2022
Tesla's Reduced Wait Times Should Worry Rivals, Says Analyst
While some folks may say demand for Tesla's EVs is waning, others note that finally catching up could mean even greater success.
tesla model y china giga shanghai
Sep 21, 2022 at 9:18am ET
By: Steven Loveday
Tesla CEO Elon Musk has made it clear he's embarrassed by the brand's high and rising prices, and he wants to do everything he can to get people their cars in a timely fashion. If Tesla was able to reduce the wait time for its vehicles, it may not have to hike the prices so much, since it wouldn't be worried about forecasting inflation and pricing for supplies so far down the road. Musk recently admitted:
"We've raised our prices quite a few times. They're frankly at embarrassing levels. But we've also had a lot of supply chain and production shocks and we've got crazy inflation."
He also made the following comment about delivery wait times during Tesla's Q2 2022 earning call:
“That’s annoying. It’d be like go to a restaurant and you order a burger and you have to wait 3 hours and like. You want to get your burger right away. Same with the car. So we want that lead times to reduce.”
When Tesla can't make enough cars to satisfy the demand, it's under scrutiny. This is even true when it's one of the few global automakers successfully combatting the aftermath of COVID-19, the chip shortage, and other supply chain constraints. When Tesla is able to make more cars, and delivery times reduce, there are red flags about a lack of demand.
Tesla has also been criticized for opening new factories, as some people predict the demand for its EVs will fall off a cliff any day now. Now, the new factories and upgrades are working as planned, reducing delivery times, and there are already reports of a lack of demand for Tesla's vehicles.
People who are in the market for an EV are almost certainly aware of Tesla. Love the company or hate it, it's the biggest name in the EV space, as well as the reason many people are even aware that electric cars exist. However, there's a good chance at least some of those people have decided to skip the Tesla and lease or buy a competing EV.
There are obviously many reasons why this might happen. The high price of Tesla's products, along with the fact that you may have to wait a year to take delivery are certainly primary concerns. In addition, Tesla's EVs haven't been eligible for a federal EV tax credit for some time now, and that's about to change going forward.
According to an article in Investing.com, an analyst from Piper Sandler shed light on Tesla's reduced delivery times in areas that get their cars from the automaker's Giga Shanghai factory in China.
Tesla produced almost 77,000 Model 3 and Model Y units in August 2022 in China alone. The company has been upgrading the lines at the factory to speed up production, and it's already seeing a positive impact. Clearly, one of the primary reasons Tesla is beginning to catch up with the demand in China is it's producing more cars. The same is beginning to prove true in the US, with Tesla's new factory in Austin ramping up. The analyst wrote in a note to investors:
“As production ramps and wait times fall, we think Tesla will remain singularly capable of quickly meeting consumer EV demand at palatable price points. While other brands struggle to ramp production, Tesla will (presumably) start cutting prices, thereby boosting market share at everyone else's expense."
The analyst added that investors shouldn't expect gross margins to by as high as they've been, since they'll probably be impacted by price cute. Nonetheless, he shared:
“If Tesla's upstream supply bottlenecks truly are breaking, we think it's a scary prospect for other brands."
I was talking about double in 6 months max, long term I agree
Agree with all but the double is Max 6 months away
Grünheide mayor confirms Tesla’s battery plant is on track, denies Giga Berlin expansion plans are on hold
September 19, 2022 Darryn John News
Grünheide mayor Arne Cristiani set the record straight on Monday following reports that Tesla may postpone plans to begin battery production at Giga Berlin, and that the company’s plans to expand the factory have been put on hold.
While speaking to Reuters Cristiani said that Tesla has personally confirmed with him that they still intend to operate the battery plant as originally planned.
Last week The Wall Street Journal reported Tesla may scrap their plans in Germany to instead manufacture batteries in the US to take advantage of tax credits created by the new Inflation Reduction Act (IRA).
Following that report Tesla also confirmed with its partners in the region that they have no intention of slowing down their plans for battery production at Giga Berlin and will ramp their operations in Germany and Texas simultaneously.
“Tesla put everything reported in the American newspaper into perspective. The plant is still being built,” Cristiani said.
The mayor also denied a previous report from rbb24 that claimed he had removed an item from the local council agenda to discuss and decide on Giga Berlin’s expansion plans.
Instead, the mayor says the topic was never on the agenda, and that the plans were still being discussed with local community representatives.
Once those discussions have been finalized, the topic will be added to the council’s agenda for consideration, the mayor said, without providing a definitive timeline.
Back in May Tesla applied to expand Giga Berlin on a 247 acre parcel of land located directly adjacent to the existing factory. The company plans to use the land mainly for logistical purposes by adding a rail line to bring in parts and send off newly built cars for delivery.
The company also plans to add a Service Center and other facilities, some specifically for employees like a daycare.
Tesla continues to rapidly expand Supercharger network in China, adding 40 stations in August
September 19, 2022 Darryn John Model
Tesla is not slowing down with their plans to expand the Supercharger network in China, adding 40 new stations across the country in August alone.
According to a post on the official Weibo account of Tesla China the 40 new stations were built in 25 different cities, adding a total of 168 stalls. Some of the cities with these new Superchargers include Chengdu, Chongqing, Zunyi, Wuhan, Nantong, and Shanghai.
That translates to Tesla adding 1.29 new stations every day in the 31-day month, slightly below the 48 Superchargers the company was able to add in China in July.
Tesla also confirmed all of the new stations were V3 Superchargers that can offer charging speeds up to 250kW.
This rapid growth has been possible thanks to the company’s new Supercharger factory in China. The facility was completed in July 2021 and can build up to 10,000 Superchargers every year.
With the impressive rate of new Superchargers being built over the last few months, Tesla’s network in China has now grown to include more than 1,300 stations with more than 9,000 stalls across the country.
There are also more than 1,800 Destinations chargers in more than 380 cities and regions according to Tesla China, allowing owners to plug in and receive a charge at Level 2 charging speeds.
If You Want To Keep Driving For Uber, You'll Need To Switch To An Electric Vehicle By 2030
2:09 pm ET September 19, 2022 (Benzinga)
Carbon emissions decreased 17% in 2020 compared to 2019 during the Covid-19 epidemic, which put nearly two-thirds of the world's population under lockdown.
Mega ride-sharing firm Uber Technologies Inc (NYSE: UBER) was prompted by this data to reconsider how it contributes to carbon emissions.
On Monday, the company announced that it had discovered a strategy to address the greenhouse gas issue while promoting sustainable energy.
What happened: Uber is committing to becoming a zero-emission platform in U.S. and Canadian cities as well as in major urban centers around the world, by phasing out all gas-powered vehicles by 2030.
The company said that switching to electric cars will reduce air pollution in congested cities, and it's encouraging gas-powered vehicle owners to make the transition.
Uber is starting the Green Future program, giving its drivers access to $800 million worth of resources to aid in the switch to electric vehicles (EVs) by 2025.
Additionally, owners of completely electric cars qualify for the Zero Emissions incentive, which gives them an extra $1 for every trip.
Also Read: Your Uber Is About To Get Pricier: Demand Is Soaring And Analysts Are Getting Excited
Uber has partnered with Hertz Global Holdings Inc (NASDAQ: HTZ), which has a deal with Tesla Inc (NASDAQ: TSLA), and Hyundai to offer rentals that come with basic maintenance and unlimited mileage to Uber drivers who are not ready to commit to buying an EV.
Why it matters: Uber’s transition to EVs to lower its carbon footprint aligns with President Joe Biden’s Inflation Reduction Act, which sets aside $369 billion for clean energy initiatives, including incentives to purchase EVs.
Americans are eligible for a $4,000 tax credit to purchase secondhand electric vehicles, if it's an entirely new EV, the credit rises to $7,500.
Photo: Courtesy of uber.com
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Who can deliver volume? TESLA $TSLA
Cathie Wood's ARK Sees a Huge Jump in EV Sales Coming. Cost Is the Key. -- Barrons.com
1:02 pm ET September 19, 2022 (Dow Jones) Print
Al Root
Cathie Wood's firm ARK Invest believes electric vehicle sales worldwide won't grow in a straight line -- a certain number every month or year. Instead, sales will explode, doubling or tripling compared with totals of late.
If ARK is right, way more EVs will be on the roads than anyone expects.
And a blowout in sales is good not only for Tesla (ticker: TSLA) -- and General Motors (GM) and Ford Motor (F) -- but any auto maker leaning into the EV trend.
Whether ARK is right, of course, is the question.
Sam Korus, ARK's chief of autonomous technology and robotics research, estimates EV sales will increase to about 45 million autos a year in five years -- roughly double what investors now expect.
Comparative speaking, many traditional auto makers think they'll hit roughly 45 million units in a decade -- based on their estimates that 40% to 50% of their new car sales will be all electric by 2030.
ARK's aggressive projection shouldn't surprise anyone. The firm, clearly reflecting Wood's thinking, is an EV bull. Tesla, for example, is the largest position in the ARK Innovation ETF (ARKK) and the ARK Autonomous Technology & Robotics ETF (ARKQ).
And bold projections aren't new for the firm. In 2017, ARK projected global EV sales of about 17 million units a year by 2022. In 2021, roughly 500,000 all electric vehicles were sold. This year, 5 million to 6 million all-electric cars will be sold worldwide -- up to 8 million if plug-in hybrids are included.
ARK undoubtedly was too aggressive in 2017, but deserves a little credit. Back then, consensus estimates called for about 2 million EV sales globally. Yes, ARK missed things by, perhaps 100%. Everyone else missed the mark by 400%.
What ARK might have understood that the rest of the industry missed is Wright's Law, Korus wrote on Monday. Essentially, the nearly 90-year-old principle -- named for its originator, aeronautical engineer Theodore Wright -- states that costs fall dramatically every time cumulative production doubles.
In the case of EV batteries, for instance, costs have dropped 30% every time cumulative production has doubled. Today, EV battery cost roughly $100 to $150 per-kilowatt hour. That's down 80% to 90% over the past 10 years, according to Bloomberg New Energy Finance.
GM, for its part, believes battery costs will fall by another 60%, from today's $100-plus per-kilowatt-hour levels, by 2026 or 2027. The auto maker cites Wright's Law, too. Such a drop would cut roughly $6,000 off the price of any EV and make a new all-battery electric car roughly the same price -- or less -- than an equivalent gasoline-powered car.
Still, there are factors that could drag down EV growth beyond higher-than-expected costs. Don't forget that the auto makers have to have plants to build all the cars and have ventures to get all the batteries.
Tesla alone spends about $7 billion for a 500,000-plus car assembly capacity. Its four plants will produce, maybe, 2.5 million units when fully ramped up. To meet its share of ARK's projected demand, CEO Elon Musk would need many new plants -- and that would take money and time.
If all goes according to ARK's plan, the big winner could be Tesla -- the largest seller of all-electric vehicles on the planet. But other companies should benefit, too. China's BYD (1211. Hong Kong) is trying to take Tesla's title of largest seller by unit volume. (Tesla is far larger by revenue because its vehicles are pricier than most BYD EVs.)
Among the traditional car companies, the names to watch are GM, Ford, and Volkswagen (VOW3.Germany). More sales through lower costs means big wins for them.
Then again, that's if it all goes according to plan.
Write to Al Root at allen.root@dowjones.com
(END) Dow Jones Newswires
September 19, 2022 13:02 ET (17:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Electrek Reports Tesla Is Increasing Supercharger Prices Across Europe
10:30 am ET September 19, 2022 (Benzinga) Print
https://electrek.co/2022/09/19/tesla-increases-supercharger-prices-europe/
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Need to change the politicians and go nuclear and clean fossil fuels everywhere
Tesla plans to double German auto sales for 2022: report
3:56 am ET September 19, 2022 (MarketWatch)
Print
Tesla Inc. plans to "double sales each year," a local executive told the Automobilwoche weekly said in an interview that published Sunday, Reuters reported. The total gain would see sales climb to around 80,000 for this year, from sales of nearly 40,000 in 2021. A spokesperson from Tesla wasn't immediately available for comment. Shares of Tesla closed down 0.1% at $303.35 on Friday.
-Barbara Kollmeyer
(END) Dow Jones Newswires
September 19, 2022 03:56 ET (07:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
But I do nothing in life is guaranteed but I feel pretty good about this one
Double by end January 2023!
Is Tesla The New Apple? Fund Manager Says Elon Musk's Company Will Be 'Much, Much Bigger'
byShanthi Rexaline, Benzinga Editor
September 16, 2022 7:50 AM | 2 min read
ZINGER KEY POINTS
Institutional ownership in Tesla is relatively low compared to some high-profile tech names.
Notwithstanding that, a hedge fund manager is enamored with Tesla stock, citing strong growth prospects.
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The reason for hedge fund Worm Capital’s concentration in Tesla Inc.
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is due to its conviction in the electric vehicle maker’s dominance relatively early in the cycle, founder and chief investment officer Arne Alsin reportedly said during an investor Q&A session hosted by the fund.
What Happened: Owning Tesla in 2022 is like owning Apple Inc.
AAPL+ Free Alerts
in 2007, even 2003, or even earlier, Alsin said, according to the transcripts of the Q&A session shared by Tesla influencer Merritt Sawyer.
“And this company is going to be much, much bigger than Apple, in my opinion,” he said. He also suggested having more faith in the fund’s Tesla position generating significant returns going forward.
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“I think we’ve barely scratched the surface of what this company can become,” Alsin said. His growth projections for Tesla are “far, far” beyond consensus expectations, he added.
See also: Is Tesla's Hypergrowth Story Over Or Just Getting Started? Here's What 2 Top Analysts Say
The Worm Capital CEO also predicted a “swell of activity” around Tesla among the investment community and on Wall Street.
Calling Tesla “Wall Street’s favorite stock,” Alsin said it has all the right ingredients, including fast growth into vast, global end markets, rapidly expanding gross and net margins, a wide moat, endless demand for products, and potential upside from energy storage, full-self-driving, bots, and AI.
He also said he was unfazed by the hatred among some quarters in the investment community.
“Many of the so-called “smart money” on Wall Street wouldn’t touch Amazon Inc.
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in the 2010’s but had no problem buying it in the 2020s,” Alsin said.
Alsin said the fund's portfolio is now dominated by Tesla, Spotify Technologies SA
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, and Amazon.
Price Action: In premarket trading on Friday, Tesla shares were down 1.81% at $298.25, according to Benzinga Pro data.
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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Kanye West Confirms Termination Of Yeezy's Partnership With Gap: 'A King Can't Live In Someone Else's Castle'
Rapper and designer Kanye West, who goes by "Ye," has terminated his Yeezy brand partnership with Gap Inc (NYSE: GPS) two years after the deal was announced.
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Ethereum Tumbles After 'Merge,' Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens
Major coins fell sharply on Thursday evening as the global cryptocurrency market cap lost 4% to $960.8 billion at 8:15 a.m. EDT.
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Uber Hacked! Teenage Hacker Advocating Driver's Rights Gains Access To Internal Slack, AWS
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Exclusive Study Finds Benzinga Analyst Ratings Data Yields Market-Beating Strategies
Researchers pored through a year’s worth of Benzinga Analyst Ratings data, looking for signals.
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Apple Could Bring iPhone 14 Satellite SOS Feature Beyond US, Canada Sooner Than Expected
Apple Inc’s (NASDAQ: AAPL) recently introduced emergency SOS feature, set to launch first in the United States and Canada, could expand to other parts of the world sooner than anticipated.
Brad Gerstner of Altimeter on CNBC talking about new long position in $TSLA. Investment thesis: Global auto industry going electric (just 8% EV adoption), TSLA holding 15% EV share, gross margins 30%+ will continue to compound vs peers. Biden’s IRA will drive EV adoption in US.
Gary Black
Agreed
Elon Musk-Twitter Deal's Fate Divides Analysts In Aftermath Of Shareholder Approval
3:45 am ET September 14, 2022 (Benzinga) Print
Twitter Inc. (NYSE: TWTR) shareholders on Tuesday approved Elon Musk’s $44 billion deal to take the company private.
What Happened: The approval now gives Twitter and Musk the greenlight to face off in the Delaware court on Oct. 17, Loup Funds’ Gene Munster said. The focus of the trial would be on the billionaire’s counterclaim regarding the bot account coverup, he added.
Twitter whistleblower Pieter Zatko’s allegations, which he revealed at the Congressional hearing, could also be part of the trial, the venture capitalist said.
On whether the deal will go through, Munster said, “I’m leaning towards no, with Musk paying a multi-billion walk away penalty.”
See also: Twitter Whistleblower Opens New Can Of Worms: A Chinese Spy On Company's Payroll?
Future Fund’s Gary Black, meanwhile, said Zatko’s testimony didn’t offer much to bolster Musk’s case that Twitter deliberately misstated the bot count as a proportion of the monetizable daily active users.
“His testimony more painted a picture of incompetence at the top and a company with gaping security vulnerabilities,” he said.
The two sides are likely to reach a deal rather than “risk all or nothing” at the trial, he added.
Now that Twitter shareholders have approved the $54.20 per share deal, the company’s board cannot accept much below $54.20 without facing shareholder liability, Black said.
Why It's Important: Tesla Inc. (NASDAQ: TSLA) shares will likely increase 5-10% if Musk seals the deal at even $52 per share, as the need for the billionaire to sell additional Tesla shares disappears and the ongoing bad press surrounding the trial comes to an end.
Price Action: Twitter closed Tuesday’s session up 0.80% at $41.74, according to Benzinga Pro data.
Latest Ratings for TWTR DateFirmActionFromTo
Mar 2022Deutsche BankInitiates Coverage OnHold Mar 2022BenchmarkInitiates Coverage OnHold Feb 2022Wells FargoMaintainsEqual-Weight
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View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Norway is not full, trust me, I was there this summer. Their backlog is currently 500k cars and total population is 5M. The saturation of electric vehicles is right around 10%.
Check delivery times, backlog all models north of 3M at present and growing
Whistleblower Peiter Zatko took the stand today before a Senate committee to discuss his allegations against Twitter. Dan Ives, managing director of equity research at Wedbush Securities joined Cheddar News to discuss the security issues that he said were front and center at the hearing. “I think it's a pandora's box for Twitter and I think that's really going to be the ultimate poker game,” he said.
https://cheddar.com/media/analyst-dan-ives-on-twitter-whistleblowers-congressional-testimony
You seem to discard some things specific to Tesla>
1. Record profits
2. Growing at 50%+ into foreseeable future due to
3. Unlimited Demand 3-5 years into the future
4. Tesla cash flow from operating activities for the twelve months ending June 30,
2022 was $28.750B
5. AI Day
6. S&P
7. Q3
8. Q4
9. FSD
10. New GIGA factory announcement
11. Stock buyback
12. Twitter overhang gone
Nah, not selling, buying if anything!
They are, at least Tesla, actually better cars. I agree we don't need subsidies. Let the market forces work and IMHO that would not impact demand for Tesla
Biden
Stocks are a great inflation hedge, especially $TSLA
Biden day 1
Tesla exec hints at cheaper electric cars ahead of robotaxi service
Fred Lambert
- Sep. 13th 2022 3:30 am PT
Tesla CEO Elon Musk recently said that he was “embarrassed” by how expensive the automaker’s electric cars are at the moment.
With inflation, the rising cost of battery materials, and strong demand, Tesla’s prices went up significantly across its entire EV lineup over the last two years.
Now the cheapest Tesla you can buy starts at $46,000 in the US, and the Model Y, Tesla’s most popular vehicle, starts at a whopping $66,000.
Musk has talked about reducing prices once inflation calms down. He has also previously talked about a cheaper $25,000 Tesla electric car, but he has put the project on the back-burner in favor of other programs at Tesla.
At times, the CEO also said that he is not sure a cheaper Tesla model is needed with the advent of self-driving resulting in the cheapest form of transportation being a large ride-hailing fleet powered by self-driving electric vehicles.
Recently, Tesla announced plans to build its own dedicated robotaxi vehicle for the service.
Now at the invite-only Goldman Sachs tech conference in San Francisco yesterday, Martin Viecha, Tesla’s head of investor relations, gave a presentation about the company in which he described what to expect from Tesla over the next five years.
According to a third-party account of the presentation released by Business Insider, Viecha reiterated plans for a cheaper vehicle and an overall cheaper offering ahead of the robotaxi service:
When asked about the possibility of Tesla making a cheaper EV, Viecha said that the company eventually wants a more affordable vehicle on the road. If a company wants to be a high-volume automaker, it needs a broad portfolio, and Tesla needs a cheaper offering before its company-operated robotaxi service comes out, he explained.
The executive didn’t elaborate on the timing beyond saying it would come before the robotaxi service, which itself has been delayed several times.
Viecha also said that he believes Model Y will become the best-selling vehicle of all time next year:
Model Y will basically next year become the best selling vehicle of any kind of all time in the world.
The exec noted that Tesla has yet to pull some demand triggers for the vehicle, including an emphasis on leasing.
While price is one metric, Viecha told investors that the cost of building electric cars is the most important metric to follow. Despite rising prices, Viexha noted that Tesla’s cost per car went from $84,000 in 2017 to $36,000 per vehicle in recent quarters.
He believes there’s still room for improvements and hinted that the Tesla robotaxi could bring some of those improvements in the form of a new generation platform, which would be Tesla’s third after the Model S/X being the first and Model 3/Y being Tesla’s second-generation platform.
Cost Of Making A Tesla Down 57% From 2017: Senior Executive Outlines How This Happened
6:49 am ET September 13, 2022 (Benzinga) Print
One of the main reasons for the relatively slow adoption of electric vehicles (EVs) is affordability, said a Tesla, Inc. (NASDAQ: TSLA) executive on Monday, while emphasizing the significant reduction in cost the company has been able to achieve while manufacturing EVs.
What Happened: The cost of making a Tesla car is now $36,000, down markedly from $84,000 in 2017, said Martin Viecha, Tesla’s vice president of investor relations, at a Goldman Sachs tech conference, according to Business Insider.
The cost savings, according to the company, did not come from cheaper battery prices but from better vehicle design, which simplified manufacturing, and new factory design.
Tesla’s Fremont plant isn’t a “great place” to build cars and there are cheaper places, including Shanghai and Berlin, Viecha reportedly said. He added that the company wants to continue this trajectory, pushing the boundaries of how much it costs to make an EV. As new factories ramp up, they should be able to make cars for less than $36,000, which should boost Tesla’s profitability, he said.
See also: Tesla Has Access To All The Battery Cells It Needs For First Time Ever, Says Senior Exec: Report
Calling Ford Motor Company’s (NYSE: F) Model T and Toyota Corporation’s (NYSE: TM) cheaper production approach in the 1970s as two major revolutions in vehicle manufacturing, Viecha said EV architecture, which is entirely different from internal combustion engines, should pave the way for a “third revolution in automotive manufacturing.”
Price Action: After closing Monday's session 1.58% higher at $304.42, Tesla stock added 0.22% in premarket trading on Tuesday, according to Benzinga Pro data.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pollution is one thing, mining for battery material pollutes, heavier cars polite more from tire wear etc. Teslas IMHO happen to build the very best cars on the planet! It will snowball now that we're at 5%, only issue is production where only Tesla is up to speed and will sell all they can make for the next 5-10 years.