The Tesla trade may be in for a few more blown tires ອອກຈາກປະຕູໃນປີ 2023.
The EV maker is slated to report its fourth-quarter delivery and production figures right after the new year, and they could be a letdown, Deutsche Bank analyst Emmanuel Rosner warned in a new client note.
Ahead of the release, Rosner slashed his estimates for Tesla’s deliveries, sales, and profits. Rosner sees fourth-quarter earnings coming in at $1.05 per share, below current analyst forecasts for $1.24.
The auto analyst says the estimate cuts reflect some economic weakness in China, as well as the postponement of deliveries into the first quarter in the U.S. from some consumers to benefit from the Inflation Reduction Act’s EV incentives.
Shares of Tesla have crashed nearly 70% from a high on Jan. 3 of this year. The stock is down over 34% so far this month alone.
Most of the losses for Tesla investors started after CEO Elon Musk ສະເຫນີໃຫ້ຊື້ Twitter ໃນເດືອນເມສາ, ຂໍ້ຕົກລົງທີ່ປິດລົງໃນທ້າຍເດືອນຕຸລາແລະບາງທີອາດມີຄວາມກ່ຽວຂ້ອງໃນບັນດານັກລົງທຶນຍ້ອນວ່າການຂາຍທົ່ວໂລກຊ້າລົງ.
Those losses have returned aggressively in December on worries Musk’s chaotic leadership of Twitter will hurt Tesla.
Rosner isn’t alone on Wall Street in having reservations on Tesla’s fundamentals entering 2023, excluding the sideshow that has become Musk and Twitter.
“It’s very concerning about the weakness that we’re seeing in China,” Wells Fargo analyst Colin Langan said on Yahoo Finance Live (ວິດີໂອຂ້າງເທິງ). "ພວກເຮົາກໍາລັງເຫັນແຮງຈູງໃຈເພີ່ມຂຶ້ນ, ແລະຕົວຈິງແລ້ວການຂາຍບໍ່ໄດ້ເພີ່ມຂຶ້ນຢູ່ທີ່ນັ້ນ. ແລະ [a] ຄວາມກັງວົນກ່ຽວກັບການຂັບລົດແມ່ນ: ພວກເຮົາຈະເລີ່ມເຫັນວ່າຢູ່ໃນສະຫະລັດແລະເອີຣົບບໍ? ມັນເປັນພຽງແຕ່ປະເພດຂອງການເລີ່ມຕົ້ນຂອງຄວາມຕ້ອງການອ່ອນລົງ? ແລະຂ້າພະເຈົ້າຄິດວ່ານັ້ນແມ່ນຄວາມເປັນຫ່ວງອັນໃຫຍ່ສຸດຂອງນັກລົງທຶນສະຖາບັນໃຫຍ່.”
To that end, Tesla said on its website Wednesday it ຈະໃຫ້ສ່ວນຫຼຸດ $7,500 ສໍາລັບລົດ Model 3 ແລະ Model Y ຈັດສົ່ງໃນສະຫະລັດໃນເດືອນທັນວາ.
Tesla shares fell more than 8% in Thursday’s session.
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Source: https://finance.yahoo.com/news/tesla-delivery-numbers-2023-discounts-demand-191144331.html