Many are worried about the decline of $TSLA stock price. I think it will 10X+ from here.
Here are the top 6 things you need to know about $TSLA ´s fundamentals @elonmusk🧵
(having studied the company for 100s of hours)
Carnage so far in 2022
Netflix -72.4% = worst year on record
Facebook -43.9% = worst on record
Amazon -36.8% = worst since '08
Tesla -30.5% = worst on record
Microsoft -22.5% = worst since '08
Google -21.6% = worst since '08
Apple -17.5% = worst since '08
Only 16% of Nasdaq stocks are trading above their 200-day MA. Getting close to levels of prior market bottoms (2002, 2009, 2018, 2020). Still won't call it, but if you like watching these indicators, here we are 👀
BREAKING: @Tesla has released their Q1 earnings and beat expectations with record results.
• Earnings: $3.22/share (non-GAAP) vs. $2.30/share exp
• Revenue: $18.756B vs. $18.1B exp
• Automotive Gross Margin: 32.9% (vs 27.6% exp)
• $3.3B GAAP net income
Tesla is now producing cars in 4 factories on 3 continents. @elonmusk
In total, @Tesla now has 6 factories on 3 continents:
• Fremont, CA
• Giga New York
• Giga Nevada
• Giga Shanghai
• Giga Berlin
• Giga Texas
This is just the beginning of Teslas move to massive scale.
$TSLA -1.5% to $1,075 pre-mkt, as equities fell (SPX -0.3%, NDX -0.6%) on concerns Fed would start QT in May. 10yrTY +6.8bp to 2.62%. Shanghai remained shut after detecting record 16.8K new asymptomatic Covid cases vs 13.1K cases the day before. GigaTexas opening event tomorrow.
Piper Sandler analyst Alex Potter reiterated his $TSLA rating of Overweight (Buy) following 1Q deliveries. One interesting stat: TSLA production per day increased to 3,393/day in 1Q from 3,324/day in 4Q, despite more downtime. Piper’s TSLA PT remains $1,350.
$TSLA 1Q deliveries were a record 310.0K vs 309K consensus, and +68% vs 2021/1Q. 1Q production was 305.4K. This was despite Shanghai being closed 6 days in March for Covid ( ~14K product’n). At end of 1Q, TSLA inventory 13.5K, ~3 DSO. No update on Giga Shanghai reopening.