Tesla 2023

SunTrader said:
I'm shocked I tell ya:- :)

Tesla cuts US prices for sixth time this year ahead of Q1 results

https://www.reuters.com/business/au...s-us-prices-ahead-earnings-report-2023-04-19/

Note this part especially:-

"Still, Tesla reported a sequential rise of just 4% in its first-quarter deliveries, much less than the 17.8% sequential climb in the prior quarter."

+ + +

But hey that Reuters pffft what I really wonder is what the YT guy's graphics will show next.
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Lol, it's an absolutely ridiculous data point. Q4 will always be higher than Q1 of the next year. It remains that in 2022 Q1 Tesla sold 71k cars and in 2023 Q1 it sold 92k cars.

Find something else
 
VicBee said:
Lol, it's an absolutely ridiculous data point. Q4 will always be higher than Q1 of the next year. It remains that in 2022 Q1 Tesla sold 71k cars and in 2023 Q1 it sold 92k cars.

Find something else
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Your numbers conflict (92k > 71k) with your always claim.

But I thought you wouldn't refer to 6th price cut (ya know the headline).
 
Is anyone making a speculative bet here before earnings after the bell? It will be interesting to see how all those price cuts impacted margins, but we all know Elon will spin quite the tale.
 
Think Street is already expecting lower margins. But to sooth Vic's fragile ego :), TSLA's is still the highest in the industry.

But the point with Wall Street is what have you done for me lately and likely to do in the near term future. Obviously further margin shrinking and likely another 1-3 price cuts this year.

But as always when dealing with funnymentals, and especially ELON, TWT.

TA not giving me anything as to move in AF or tomorrow so no opinion.
 
SunTrader said:
Think Street is already expecting lower margins. But to sooth Vic's fragile ego :), TSLA's is still the highest in the industry.

But the point with Wall Street is what have you done for me lately and likely to do in the near term future. Obviously further margin shrinking and likely another 1-3 price cuts this year.

But as always when dealing with funnymentals, and especially ELON, TWT.

TA not giving me anything as to move in AF or tomorrow so no opinion.
More...

wait for wood in a buying spree now.

i have short put this friday at 165, hopefully to pick some shares up, option premium is juicy. or i can roll to lower 160, let's see if it can bounce.
 
TSLA's earnings release overall some good numbers, some bad numbers - this is definitely in the bad category:-

"Net income came in at $2.51 billion, down 24% from last year, while GAAP earnings came in at 73 cents, down 23% from the year-ago quarter."

So some have said, price is down because of the bear market. Nah ah - that was last year's excuse.

"You are what your record says you are"

-Bill Parcells
 
(Bloomberg) but what do they know lol ....

Musk machinations
Elon Musk indicated Tesla will continue to cut prices on its electric vehicles to push for higher volumes, even after the company took significant hit to profit due to markdowns. The news comes after several rounds of price cuts already this year, prompting speculation over whether the strategy comes from a position of weakness or strength. While Tesla is still the top seller of EVs, high borrowing costs and competition have meant its growth has slowed dramatically. “They’re going to use the room in their margin to create more demand,” Ben Kallo, an analyst at Robert W. Baird, said in a Bloomberg Television interview.
 
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