tesla won $3,290 million (3,361 million euros) last quarter is the second best historical figure after the first quarter of this year, but its shares fell more than once 5% after the market closes.
Not exceeding earnings expectations even allowed tesla revalued. The explanation is for three reasons. First, their Incomeof the 21.45 billion dollarswas below the 21.96 billion expected by analysts. Second, deliveries, 343,830 units It is a historical figure in the quarter, but still below expectations.
And third, the plan tesla It happens because its sales and deliveries are increasing exponentially from year to year. elon musk, the brand’s CEO, sells 10 to 20 million cars per year at the beginning of the decade. To do this, not only demand must increase, but also the speed of production and the ability to deliver these units to customers. While the brand is currently unaffected by demand and production, they believe they will have more problems with the product. deliveriessetbacks that could prevent the brand from even reaching its sales targets this year.
Demand and production
In this sense, Elon Musk confirmed that the company was in no way harmed by the demand during the presentation of the economic results. “I can’t stress enough how much demand we have for the fourth quarter. We hope to sell every car we manufacture for as long as we can foresee in the future.”
From GlobalData, a data analytics company, amalia virginthe analyst does not doubt his words Musk but after that it makes “demand speed up, but slower”. “Recession and inflation will affect the vast majority of industries. For most customers, it will be difficult to justify the expense of a luxury car. tesla”.
As for production, Musk waiting for it to grow around fifty% In the medium term, each year will mean a milestone in the context of current inflation, chip and component shortages, and future and predictable battery supply issues that meet their own plans and those of their investors.
About this theme Daniel Clarke, also an analyst at GlobalData, tesla “It chose early on the integration of battery into supply chains, the Chinese market, industrial automation, Artificial Intelligence, autonomous cars and gigafactories,” and so “over the next few years, while others deal with bottlenecks in their supply chains,” this strategy will continue to set them apart from their competitors.”
clarke However, he acknowledges that dependence on the Chinese market is a “potential roadblock”. tesla”. “The geopolitical rivalry between them, United States of America Y ChineseTesla executives will wait for fear that the company won’t get into the crossfire.” Everything, he says, “when he sees how it is in the rearview mirror. BYD -Chinese brand-”. It should be noted that Tesla is the only automobile brand that can manufacture in China without partnering with a local company.
problem with deliveries
For all this, investors are not completely calm. It seems so tesla He got the situation under control, but there are too many external factors that could affect his plans, especially on the Chinese front.
What they worry about, and most worry about, is the brand’s ability to deliver everything it produces, as this could upset their sales growth plans and therefore negatively impact the brand’s operating margin. elon musk He’s talked about it a few times already. At the current rate of production, “factories are running at full speed and we deliver every car we make to maintain operating margins – 27.9% for the auto division in the third quarter-“, explained Musk.
However, as demand increases and Tesla invests in its factories to produce moreshipping problems arise – mainly due to the increase in price – as the company admits, an increase will prevent it from reaching its goal. fifty% deliveries this year compared to last year. These issues have already caused the third quarter to be produced 22.000 pieces more than delivered, a trend that will increase this quarter.
tesla fell about 5% in the ‘later hours’ after the market closes. The numbers presented are solid, but increase investors’ uncertainty and doubts. We’ll have to wait until this Thursday’s opening to see the real impact of these results. By BloombergTesla dropped it 37% It’s on the stock market this year, especially after Musk bought Twitter.