Thoughts on Tesla's Deliveries Miss
Concerns:
- Is this a small bump or signs of more issues to come?
Personally, I lean toward "It's not a big deal"
Reasons:
Drop in numbers is partly due to logistics.
Comparisons:
- The auto industry is down -8% in 2022.
- In relative terms, +40% isn't shabby at all. Especially in bad macros environment.
Tesla has margins that other companies don't:
- They can lower prices if demand wanes.
Long-term fundamentals are still intact & strong.
- Sometimes we might be too focused on the trees & miss the forest.
Of course, there are areas where Tesla can do better:
- Have a PR team to better manage investors' expectations.
- Speeding up 4680s ramp
Overall though, I don't think the long-term picture has deteriorated.
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TeslaSmurf : DROPPING ?
2022 was +42% year over year and Q4 set a new record with the Shanghai factory growing from 0,75 to 1,2 million run-rate in the last 6 months. Can people still READ numbers ?
Plus, the consistent price reduction will cause traditional car makers to build/sell even less EVs (at loss) while the market is trending electric (+64% at 10% of total)…
Rebellion TeslaSmurf: Technically you are not wrong. But the stock matket doesn't read or follow this way. Long term, maybe, as long as Elon is not making any nonsense moves or buy another shitty losing money app or tweet another few political rubbish..then, yes! The numbers are really sweet, but sadly, no!