Tesla Poised for Record Quarterly Earnings Amid Wall Street Unease

I'll remove my post. Thanks

I kinda like Tesla.... except for the labor issues. At least he's trying to address gas carbon pollution.

Given the number of people who since the middle of Q4 2022 have said they won't buy anything from Elon.

And then there are the loudly-touted-in-the-media "massive price cuts" which even now less than a week later are being slowly, quietly rolled back.

And other car makers ramping up means Tesla won't be able to count on selling carbon offsets to greatly boost profits.



Hey, if you really want to mess with Elon, start a movement that says rocket companies have to pay carbon taxes, including special high altitude ones...

"The Black Carbon Cost of Rocket Launches
Researchers say that the rising number of space launches around the world will warm parts of the atmosphere and thin the ozone layer."
https://www.wired.com/story/the-black-carbon-cost-of-rocket-launches/

Model 3 to replace my current one when the least expires in June. It's just a really great car and they recently lowered the price so it's kind of a no brainer.

But Tesla stock is still way down from one year ago.

But it was ridiculously overpriced anyway.

Tesla's competitors are down even further.

Tesla Inc. warned of an uncertain period ahead as it reported record quarterly profit for the final three months of 2022.

Elon Musk‘s electric-car maker said Wednesday that it had a fourth-quarter profit of nearly $3.7 billion, up 59% from a year earlier. The figure, which came even as vehicle-delivery growth slowed, was below the $3.8 billion Wall Street expected.

Tesla generated $24.3 billion in sales for the period, up 37% from the year prior, against analysts’ forecast of $24.7 billion, according to FactSet.

Wall Street’s faith in the EV maker has been shaken, however, as the company faces challenges including higher interest rates, stiffer competition and diminished brand popularity. In 2022, Tesla came up short of its annual growth target, lost about $675 billion in market valuation and saw its share price fall 65%, its largest annual decline to date. The stock has since recovered somewhat and retreated less than 1% in after-hours trading Wednesday.

Tesla, in a statement, acknowledged the uncertainty of the economic environment. “In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates,” the company said.

https://www.wsj.com/articles/tesla-tsla-q4-earnings-report-2022-11674617368

Probably negative 50%.

This is analysis.

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