My brief analysis of Tesla’s earnings report
Key takeaways from Tesla's earnings conference call:
1. We saw the strongest order book in our history to date. As of January, the order backlog was about double the current capacity.
2. Different car models may receive different amounts of IRA tax credits, and these tax credit policies are still changing. This year, the quarterly point revenue is about 150-250 million US dollars, and it will increase quarter by quarter with the increase in sales.
3. The annual revenue of Tesla's insurance business is about 300 million US dollars, with a quarterly growth of about 20%, which is faster than the growth of car delivery. About 17% of car owners use Tesla insurance.
4. Continue to maintain the goal of putting Cybertruck into production in mid-2023, but the production capacity will be very low at the beginning, and it will need to go through a ramp-up of production capacity. Mass production will begin in 2024.
5. In 2023, the company's internal production target is close to 2 million vehicles.
6. Continue to maintain the guidance of future sales CAGR of 50%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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