Interesting watching reactions to Teslas deliveries. They missed slightly on consensus expectation for the quarter (a consensus which is already down 18% from this time last year). Quite crazy to look at the forward estimate curves come crashing down. Last spring street was expecting over 700k in Q4, now it barely passes 485k.
It isnt like the EV space is getting less competitive going forward.
Tesla selling 1.8m cars in 2023 would be huge success for them.
Not sure how would street have expectations of 700k in q4, best i saw was around 500k. TMC, best manufacturer in the world, had huge supply issues last year and downward adjusted their numbers constantly.
In any case both sides of this argument are manipulating the stock, which i don't care about.
Tesla doing almost 1.4m of sales last year is crazy, doing 12.6b in profit is way crazier and 2023 will be much bigger.
It is not far away that Tesla will become the most profitable manufacturer in the world, despite all the investments they are doing.
To me that's crazy stuff, i right they would die few years ago. Now it seems everyone else will have huge problems with EVs since they can't get the pricing right. To me it seems as if most Chinese premium manufacturers, aka stock darlings will die or be bought off by someone else within 2 years. Nio trying to compete with higher than Tesla price and get having large losses will kill then, same as other ones like xpeng.
A lot of these new brands are all about selling stock, but when it comes to selling cars only tesla delivered.
So sorry for not feeling your omg only 422k units sold in q1. Tesla will outgrow Bmw, MB next year, already are 3x bigger than Lexus, bigger than Mazda, Subaru, with 4 model lineup.
Adding 2, Cybertruck, Semi will just add a lot more.
It is only ew manufacturer that survived outside China in past 30 years.