$Tesla Motors(TSLA)$ Maybe start buying at 214 The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website. Hours earlier, Tesla told Reuters it will suspend most production at its Model Y plant near Berlin from Jan. 29 to Feb. 11, as suppliers shift transport routes in response to attacks on vessels in the Red Sea. Tesla fell as much as 3.4% before the start of regular trading Friday, putting the shares on course for an 11th decline in 12 sessions. The stock slumped Thursday after Hertz Global Holdings Inc. announced plans to sell off a third of its US electric-vehicle fleet.
$Tesla Motors(TSLA)$ Tesla third-quarter earnings slow. Should be 212 after this week Tesla missed on third-quarter revenue of $23.4 billion, up 9% from a year earlier but short of the $24.1 billion forecast by analysts. Tesla has been repeatedly cutting the prices of its vehicles to boost sales demand in the face of growing electric vehicle competition from established automakers. The company once again reported thinner profit margins, even if it is still more profitable than traditional automakers. Its gross margin fell to 17.9%, down 7 percentage points from a year earlier. And the more closely watched adjusted automotive margin, excluding sales from regulatory credits, fell nearly 11 percentage points to ab
$Tesla Motors(TSLA)$ With around two weeks before Tesla announces third-quarter earnings and revenue on Oct. 18, analyst predictions are dropping, as delivery data came well below the revised Wall Street consensus. Analysts put Tesla earnings at 75 cents per share, down 2 cents vs. Sept. 29 and 45% below the forecast at the end of 2022, according to FactSet. Analysts also cut full-year earnings estimates for Tesla following the Monday deliveries announcement, dropping them 2 cents vs. Friday's forecast. The full-year view now puts Tesla earnings at $3.29 a share, down more than 40% compared with expectations at the end of 2022, according to FactSet. Tesla stock gained 2.6% to 252.91 Wednesday during market trade.