Opinion and Outlook
$Tesla(TSLA.US$ share price has been hit and hammered down by a magnitude of around 15% after the lower-than-expected quarterly results.
While there are various types of comments that slam the performance of the largest EV maker , i opine that we should break apart Tesla’s figure so that we can have a clearer view on it’s performance.
The Positives
🚗 Third highest revenue record.
🚗 R&D expenditure continue to scale up, computing facilities doubled compared to Q2,
🚗Strong free cash flow generated
🚗Net cash position continue to go up and debt level continue to scale down
🚗cumulative vehicle deliveries of 1.32 mil units
🚗consistent deliveries in quarter 3 despite several production lines brought down for upgrades
🚗production cost of EV cotninue to improve to USD 37.5k
🚗energy storage deployment breaks new high, with decent margin
The Negatives:
🚗Gross profit margin continue to drop for the 4th consecutive margin
🚗will continue to adjust downward for the selling prices of EVs
🚗cumulative vehicle deliveries of 1.32 mil units, could not meet the initial target of 2 mil units, hence Elon Musk revised down target to 1.8 mil deliveries
🚗Cybertruck production will be facing challenges, having a backlog of 1 mil units , only can see significant contribution after 2025
Notwithstanding the results were under expectation , the future is still bright , with the company’s direction , it presents a chance for investors to collect at cheap price.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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