'The right strategic poker move': Here's what Wall Street is saying about Tesla's 4th-quarter earnings report
$1.19, versus estimates of $1.13"It was a fantastic year for Tesla. It was our best year ever on every level... we delivered over 1.3 million cars and achieved a 17% operating margin... while doing so, we generated $12.5 billion in net income and $7.5 billion in free-cash-flow," Musk said on the earnings call.
"Tesla commented that since it lowered prices it has seen the strongest orders year-to-date in its history, with orders running about 2X production. While we believe this rate of orders may not be sustained in light of the weak macroeconomic environment, it would suggest the company is tracking well to our 1.8 mn delivery estimate," Goldman Sachs analyst Mark Delaney said.
"Musk & Co. delivered in epic fashion with demand that is currently 2x production coming out of the gates in 2023 and laying out a 1.8 million delivery bogey for the year which was exactly what the bulls wanted to hear and the bears will go back into hibernation mode," Wedbush analyst Dan Ives said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Tesla Poised for Record Quarterly Earnings Amid Wall Street UneaseElon Musk’s electric-car maker is facing challenges, including higher interest rates and stronger competition.
Baca lebih lajut »
Tesla Posts Record Quarterly Earnings Amid Wall Street UneaseElon Musk’s electric-car maker reported record quarterly profit for the final three months of 2022 as Wall Street hungers for clarity on the company’s growth plans, in light of apparent demand weakness.
Baca lebih lajut »
Tesla says 4th quarter profit rose 59%, expects strong marginsTesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.
Baca lebih lajut »
SNAPSHOT Wall St opens higher on soft landing hopes, Tesla boostWall Street's main indexes opened higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer.
Baca lebih lajut »
Shapiro wants Pennsylvania pension funds to ditch Wall Street money managersAs chairman of the Montgomery County commissioners, Shapiro persuaded colleagues to fire dozens of traditional pension managers and replace them with low-cost index funds.
Baca lebih lajut »
Estee Lauder's latest Wall Street endorsement underscores our long-held view on the companyPiper Sandler on Wednesday said it sees considerable upside for Club holding Estee Lauder (EL) as China's long-awaited economic reopening drives pent-up demand.
Baca lebih lajut »