Tesla Motors NASDAQ: TSLA samochody elektryczne EV

[slayer74]

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ:TSLA) as analysts believe that investors should anticipate further price cuts in EVs.

They wrote in a note, “We believe EV price cuts are not a fad, but a trend. While subject to volatility, investors should anticipate further price cuts in EVs with cost-leader Tesla setting the tone.”

One of the reasons analysts believe prices will continue to drop is competition. If Tesla doesn’t cut prices, someone else will. Volkswagen (ETR:VOWG) just unveiled a concept iD2 with a targeted €20,000 (€1 = $1.0721) price point to be produced in a few years. Discussions with auto dealers suggest ‘sticker shock’ for new prices. As many legacy OEMs have abandoned entry-level ICE offerings, it’s up to cheaper EVs to fill the gap.

Falling lithium prices have also contributed to price cuts. Spot prices for China Lithium Carbonate (LCE) have fallen sharply to just below $40k/ton, as the latest data shows China battery production still significantly exceeds installations.

Recent events in the global banking world may also drive price reductions as tighter lending standards might have an adverse impact on financial institutions' willingness to fund car purchases at the margin.

“We are prepared for price cuts to be an established ‘feature’ of the global EV market,” write analysts. “As the supply/demand environment continues to change, we would prepare for potentially lower margins (at gross and OP) than consensus currently forecasts for Tesla. This could potentially drive more opportunistic entry points into the stock. At the same time, we believe Tesla’s EV competition (startup and legacy players) will continue to struggle to catch up, driving restructuring and consolidation across the EV landscape.”

Shares of TSLA are up 2.76% near mid-day trading on Monday.

[slayer74]

Consumer discretionary stocks also supported the broader market melt-up, underpinned by a rally in Tesla (NASDAQ:TSLA) after Moody’s upgraded Tesla’s creditworthiness to investment grade, or Baa3, from junk status, citing the EV maker’s prudent financial policy.

[slayer74]

Tesla odnotowała w niedzielę rekordowe kwartalne dostawy pojazdów, ale wzrost sprzedaży w zestawieniu kwartał do kwartału był niewielki pomimo obniżek cen w związku z rosnącą konkurencją i ponurymi perspektywami gospodarczymi – podaje agencja Reuters

[slayer74]

Tesla (NASDAQ:TSLA) stock fell pre 3.2% after the electric car manufacturer said on Sunday it had delivered a record 422,875 vehicles in the first quarter of the year. While this is up 4% from the previous three months and up 36% from the same quarter in 2022, it’s still well short of the target that Chief Executive Elon Musk has set for the company this year.

[slayer74]

Tesla (NASDAQ:TSLA) stock fell pre 1.9% ahead of its quarterly earnings as the electric vehicle manufacturer cut prices for some of its Model Y and Model 3 electric vehicles in the United States, the sixth time it has lowered U.S. prices this year.
...


RBC Capital cuts price target on Tesla as price war weighs

RBC Capital reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and cut their price target on the stock to $217.00 (From $223.00) as concerns are mounting that the electric vehicle maker may need to cut prices again to remain competitive.

RBC Capital’s expectations are for Tesla’s Automotive Gross Margins to be pressured by price cuts. TSLA made multiple price cuts during the quarter, and RBC estimates the base model pricing is down 10-20% globally, though this should not all be felt in Q1/23 due to timing of the cuts.

RBC analysts wrote in a note, “The January price cuts are having a strong positive impact globally as evidenced by robust Q1/23 sales. China sales response is a bit more muted which we attribute to normal seasonality (Chinese New Year) and the end of tax incentives that we believe brought forward demand. However, an ongoing price war in China is creating concern that Tesla will need to cut pricing again to remain competitive and we expect the recent U.S. price cuts to draw additional questions around the demand outlook. Separately, we expect a focus on progress on 4680 cells.”

Longer term, RBC Capital continues to be buyer of TSLA. The company’s better cost structure, vertical integration, and advantages on batteries mean they are better positioned to compete on price and continue to grow market share. Moreover, Austin and Berlin ramping should help reduce costs and the energy/storage business profitability is improving.

RBC’s Q1/23 revenue estimate of ~ $22.5B compares to consensus at $23.5B. Diluted adjusted EPS estimate of $0.92 is above the consensus estimate of $0.86.

Shares of TSLA are down 2.14% in pre-market trading on Wednesday.

[slayer74]

Jefferies downgrades Tesla to Hold after price cuts

Jefferies analysts downgraded Tesla (NASDAQ:TSLA) shares to Hold from Buy after the electric vehicle (EV) maker implemented several rounds of price cuts to boost demand for its products.

The price target goes to $185 per share, down from the prior $230, signaling returns of ~14% relative to yesterday’s closing price.

On the latest earnings call, Tesla’s management also warned that it is likely to continue cutting EV prices to find buyers after it invested billions to ramp up supply.

“Q1 results did not validate demand elasticity offsetting lower prices and cost progress may take longer to materialize. Mgmt is ready to accept lower margins for now if Tesla remain self-funded. Tesla is finally accelerating wholesale storage, critical to integrate renewables into the grid,” the analysts wrote in a client note.

While the analysts remain cautious on Tesla’s near-term earnings, they believe the long-term Tesla story remains intact.

“Despite reset expectations, lower returns will be a drag until earnings upgrades start materializing possibly late 2023. Comments of lifetime earnings and zero margin transactions look off-the-cuff but do not support confidence in higher multiples,” they added.

The lowered price target reflects slashed 2023 estimates with the analysts now expecting the company will deliver 1.79 million units in 2023 with an average selling price of $46,000.

Tesla stock price closed at $160.67 on Tuesday and is up 30.4% year-to-date (YTD).

jefferiess jefferiesa

[slayer74]

BEIJING (Reuters) - Tesla (NASDAQ:TSLA) Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China's market regulator said on Friday.

The models to be recalled include imported Model S, Model X, Model 3 as well as China-produced Model 3 and Model Y, the State Administration for Market Regulation said in a statement.

The recall effective May 29 was filed by the U.S. electric vehicle giant in accordance with China's management rules for deficient vehicle recall, the statement said.

[slayer74]

Szalony rajd. Skok Tesli o prawie 200 mld USD w 11 dni
Ci inwestorzy, którzy w trudniejszym czasie nie pozbyli się akcji tego producenta aut elektrycznych zostali wynagrodzeni.
W ciągu 11 sesji notowania Tesli Inc. niesamowicie poszybowały, a kapitalizacja spółki Elona Muska, najbogatszego człowieka na świecie, podskoczyła o 194 miliardy dolarów.
...
https://www.parkiet.com/gospodarka-swia ... d-w-11-dni

„Krótka sprzedaż” traci na akcjach Tesli już ponad 6 mld USD „na papierze”

Akcje Tesli drożały przez kolejnych 11 sesji, najdłużej w historii, co jest złą wiadomością dla inwestorów obstawiających spadek kursu producenta aut elektrycznych, informuje Reuters.

https://www.pb.pl/krotka-sprzedaz-traci ... ze-1187644

[slayer74]

Tesla (NASDAQ:TSLA) stock rose 1.2% after CEO Elon Musk stated the EV manufacturer is likely to make a significant investment in India after meeting with Narendra Modi during the Indian Prime Minister’s U.S. visit.

[slayer74]

(Reuters) -A blistering rally in Tesla (NASDAQ:TSLA) Inc shares has powered the EV maker's market value toward trillion-dollar levels, prompting some analysts to question its valuation and downgrade the stock.

Goldman Sachs (NYSE:GS) on Monday cut Tesla to "hold" equivalent rating, joining Morgan Stanley (NYSE:MS) and Barclays (LON:BARC), which downgraded the stock last week. The brokerages, however, raised their price targets to reflect the momentum in Tesla shares, which have soared 71% since late April and more than doubled this year.

The EV maker's shares were last down 1.2% in morning trading on Monday. Tesla's market capitalization of $813.29 billion far outstrips that of Japan's Toyota, which is the next biggest global car company by market value.

The brokerages have attributed the rally, which has cost short sellers $12.68 billion this year, partly to the company benefiting from the buzz around Artificial Intelligence.

Tesla shares have also benefited from a string of positive news in the past two months including deals struck by rival automakers Ford and General Motors (NYSE:GM) for gaining access to its charging network, a move that could make its chargers the industry standard.

The stock also got a boost from China's announcement of a 520 billion yuan ($72.3 billion) package of tax breaks for EVs and other green cars last week.

"While the market is now giving the stock more credit for its longer-term opportunities, we are also cognizant of the difficult pricing environment for new vehicles that we think will continue to weigh on Tesla's automotive non-GAAP gross margin this year," Goldman analyst Mark Delaney said.

Morgan Stanley and Barclays pointed out that Tesla's earnings were still at risk of negative revisions as it battles competition in China and may be forced to cut prices.

In April, Jefferies and Truist Securities downgraded Tesla after it reported lower margins in its first-quarter results.

However, the brokerages reiterated that they saw strong growth ahead with Tesla remaining a global EV leader.

[slayer74]

Tesla Inc (NASDAQ:TSLA) cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on Wednesday.

[slayer74]

Wall Street analysts continue to hike their price targets on Tesla (NASDAQ:TSLA) following the EV giant's better-than-expected June delivery report and as the stock continues to power higher. In the last 24 hours, two more analysts hiked their price targets.

On Sunday, Tesla announced that in the second quarter, they produced nearly 480,000 vehicles and delivered over 466,000 vehicles. This beat the consensus of 448,350 deliveries.



Mizuho analysts' price target goes from $230 up to $300 on the Buy-rated stock after they raised estimates for the June quarter and the year. The analysts are raising June quarter revenue estimates from $23.1 billion to $23.9 billion and EPS from $0.83 to $0.86, which compared to the consensus of $24.5B and $0.82, respectively. They are raising FY 2023 revenue estimates from $95.7B to $96.5B and EPS from $3.52 to $3.55, versus the consensus of $100B and $3.47.

The Mizuho analysts continue to see Tesla as the global EV leader for the next decade as the Berlin/Texas gigafactories ramp and amid the $7,500 tax credit tailwinds.




Meanwhile, CFRA analysts lift their price target from $300 to $310. They raised their adjusted EPS estimates by $0.05 to $3.95 for 2023, while keeping 2024 and 2025 unchanged. They also have a Buy rating on the stock.

"TSLA's recent price cuts appear to have been effective in boosting demand, as quarterly deliveries topped its prior record high by over 10%," the CFRA analysts commented. "While the release was positive, we view a lot of good news as discounted at current price levels (TSLA is +113% YTD), noting that we lowered our rating one notch to Buy in June. Still, with Austin and Berlin continuing to ramp up, first deliveries of the Cybertruck expected by year-end, a forthcoming factory in Mexico, and lower-priced coupe that will believe will be introduced in 2024, we think Tesla remains one of the market's most compelling growth stories."

mizuhoa mizuhos

[slayer74]

Tesla (TSLA) rose after news that it's in talks to possibly set up a factory in India that will make 500,000 electric vehicles per year.

[slayer74]

Wyniki Tesla
Analitycy spodziewają się, że zyski Tesli wykażą niewielki wzrost w porównaniu z rokiem poprzednim. W drugim kwartale 2 r. fabryka w Szanghaju została zamknięta na kilka tygodni z powodu Covid, podczas gdy zakłady w Berlinie i Austin powoli się rozwijały. Zysk na akcję może być mniej więcej płaski z 2022 centami w Q1.

Tesla poinformowała już o dostawach 2 466 pojazdów elektrycznych w drugim kwartale, z łatwością bijąc widoki dzięki ciągłym obniżkom cen i zachętom. Marże brutto za II kwartał będą kluczowe po spadku w I kwartale i w ostatnich kwartałach.

Poza danymi o zyskach Tesli, inwestorzy będą chcieli aktualizacji dotyczących Cybertrucka, który ma rozpocząć początkową produkcję tego lata, a także nadchodzącego zaktualizowanego Modelu 3.

Inwestorzy będą również szukać wiadomości na temat przyszłej fabryki w Meksyku, która będzie modelem nowej generacji Tesli.

Inwestorzy są optymistycznie nastawieni do zysków Tesli. Akcje Tesli wzrosły w zeszłym tygodniu o 2,5% do 281,38, osiągając w piątek nowy szczyt intraday w 2023 r. Akcje TSLA wzrosną o 128% w 2023 roku. Akcje pracują nad punktem kupna 313,80 z głębokiej konsolidacji trwającej od końca września.

Tymczasem odwieczny rywal Tesli, BYD, podał wstępne wyniki za pierwsze półrocze, sygnalizując, że zysk w II kwartale może się prawie potroić. Akcje BYD wzrosły w zeszłym tygodniu o 2,3% do 7,34, odbijając się od linii 53-dniowych i 21-tygodniowych, oferując nowy wpis.

EDIT
Latest Release
Jul 19, 2023

EPS / Forecast
0.91 / 0.79

Revenue / Forecast
24.93B / 24.29B

[slayer74]

Tesla (TSLA) reported better-than-expected second-quarter financials late Wednesday, even as vehicle price cuts and discounts kept gross margins below the 20% "floor" Tesla has targeted in the past. TSLA shares dropped in late trading after closing down slightly.

Tesla reported Q2 profits growing 20% to 91 cents per share while revenue increased 47% to $24.93 billion. Analysts expected profits to edge up around 4% to 80 cents per share with revenue totaling $24.22 billion, up 43% compared with last year.

Meanwhile, total gross profit grew 7% to $4.53 billion. Total gross margins came in at 18.2%, down from 19.3% in Q1 and a decline of 682 basis points vs. last year. Auto gross margins, excluding regulatory credits and leases, came in at 18.1%, down from 18.3% in Q1.

That is below the 20% gross margin "floor" Tesla previously targeted. Ahead of earnings, a slew of analysts rang warning bells on gross margins.

"The short term variances in gross margins and profitability really are minor relative to the long term picture," Chief Executive Elon Musk told investors Wednesday.