Wall Street reacts to Tesla's 4th-quarter earnings report, price cuts

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'The right strategic poker move': Here's what Wall Street is saying about Tesla's 4th-quarter earnings report

$1.19, versus estimates of $1.13"It was a fantastic year for Tesla. It was our best year ever on every level... we delivered over 1.3 million cars and achieved a 17% operating margin... while doing so, we generated $12.5 billion in net income and $7.5 billion in free-cash-flow," Musk said on the earnings call.

"Tesla commented that since it lowered prices it has seen the strongest orders year-to-date in its history, with orders running about 2X production. While we believe this rate of orders may not be sustained in light of the weak macroeconomic environment, it would suggest the company is tracking well to our 1.8 mn delivery estimate," Goldman Sachs analyst Mark Delaney said.

"Musk & Co. delivered in epic fashion with demand that is currently 2x production coming out of the gates in 2023 and laying out a 1.8 million delivery bogey for the year which was exactly what the bulls wanted to hear and the bears will go back into hibernation mode," Wedbush analyst Dan Ives said.

 

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The stock price goes up and good luck. Mr. Musk is great. I wish you success in your honorable busines

Nice try.

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