Yes, I did profit from the November rally, especially with Trump-related stocks like Tesla (TSLA) benefiting from the momentum. The strong gains in major indices like the S&P 500 and Nasdaq also helped me capitalize on the market's enthusiasm.
I’m still bullish for 2025. Despite high valuations, sectors like AI and EVs will likely drive growth. AI has been strong this year, and with continued advancements in healthcare and autonomous tech, I expect this trend to persist. The EV market also has room to grow as more companies innovate in sustainability.
I think the Santa rally will materialize, given strong historical trends in December, especially in a presidential election year. While cautious about further valuation expansion, I believe earnings growth could still fuel returns. AI and EVs remain my focus, though emerging sectors like quantum computing and drones could also provide potential in 2025.
@Tiger_comments @TigerStars @TigerGPT
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Tesla Motors (TSLA) Earnings Analysis:
Earnings Data:
The latest reported period for Tesla is 2024Q3, with the report date on October 24, 2024.
The earnings per share for 2024Q3 was $0.83.
The return on total assets for 2024Q3 was 2.60%.
The net assets per share for 2024Q3 was $20.81 billion.
The financials net profit for 2024Q3 was $2.64 billion.
Earnings Call:
According to the earnings call transcript, Tesla achieved record deliveries in Q3 despite industry-wide declines in order volumes. The company is profitable in a challenging automotive environment, marking a record Q3. Tesla produced its seventh million vehicle, showcasing significant production capabilities. There is strong demand for energy storage products like Megapack and Powerwall. Successful demonstration of autonomous vehicles and humanoid robots at an event. Tesla is on track to deliver affordable models starting in the first half of 2025. Estimated 20% to 30% vehicle growth next year. Cybercab expected to reach volume production in 2026, aiming for at least 2 million units a year. 4680 battery cells are approaching the most competitive cost per kilowatt hour in the U.S. Significant improvements in Full Self-Driving (FSD) technology, with a five- or sixfold improvement in miles between interventions expected.
Key points of Earnings Report:
The key points of the earnings report were not provided.
Relevant Opinion:
According to an article, BYD, a Chinese automaker, is likely to deliver 520,000 units of cars in November, which is a 72% increase compared to the previous year. The article also mentions that Tesla will likely see a full-month delivery volume at around 80,000 units, a record monthly high.
Another article mentions that Tesla is slashing the prices of its Model Y electric vehicle in China for a limited time as it races with local EV makers to meet year-end sales goals.
Disclaimer: The above conclusion is for reference and cannot be considered as investment advice.
Sources:
Tesla (TSLA) Q3 2024 Earnings Call Transcript
BYD's Car Delivery May Rise 72% in November on Strong Sales Momentum in China
Market Chatter: Tesla Trims Model Y Prices in China Year-End Sales Rush
Tesla Stock Drops. It May Get Excluded From New California EV Credits
Tesla May Need to Lower Prices After EV Tax Credit Elimination to Sustain Sales, UBS Says
Tesla preps a remote control team for robotaxi – taking a page out of Waymo’s book