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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

'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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Nice try.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Poised for Record Quarterly Earnings Amid Wall Street UneaseElon Musk’s electric-car maker is facing challenges, including higher interest rates and stronger competition. One thing I don't understand... If companies are doing so well financially, defy expectations, even better, why then reduce their workforce? These expectations and earnings reports are easily manipulated in my opinion... Way to go, Elon! Let's put all those skeptics in the back seat. the whole maga-world bought those 'cars'. aha.
Source: WSJ - 🏆 98. / 63 Read more »

Tesla Posts Record Quarterly Earnings Amid Wall Street UneaseElon Musk’s electric-car maker reported record quarterly profit for the final three months of 2022 as Wall Street hungers for clarity on the company’s growth plans, in light of apparent demand weakness. The image for this tweet is from an outdoor mall in the northern suburbs of Atlanta. I was literally in that exact spot last week. that was before Elon hopped the train to crazy town... You mean the company that staged video of their car's auto-drive functionality said that despite the slow down in sales, sales have never been better? I guess it must be true. Why would they lie?
Source: WSJ - 🏆 98. / 63 Read more »

Estee Lauder's latest Wall Street endorsement underscores our long-held view on the companyPiper Sandler on Wednesday said it sees considerable upside for Club holding Estee Lauder (EL) as China's long-awaited economic reopening drives pent-up demand.
Source: CNBC - 🏆 12. / 72 Read more »