July 20, 2023
Were Tesla’s “Other Income” Line Flat QoQ, EPS Would have Missed by “a Mile” (i.e., the beat came, entirely, from a one-time item). In 2021-22, TSLA benefitted from both an automotive parts shortage and automobile…
July 17, 2023
The Extent of the Q2 Price Cut will Determine Tesla’s Fate Regarding a 2Q23 “Modest” Miss and/or “Huge” Miss. In this note we detail while we expect TSLA’s 2Q23E revs/EPS to come in at $24.4bn/$0.80…
May 23, 2023
Tesla Reports Week Seven Domestic China Sales. Just now, we got updated insurance data from China regarding TSLA’s week seven domestic China sales. And, the numbers were lackluster at best. That is, with 10.2K cars…
May 16, 2023
Checkup Time for Tesla in its Core Three Markets of China, the U.S., and Europe. In the following, we provide an update on China (to include today’s weekly insurance data for the week of May…
April 26, 2023
Notwithstanding Speculation about its Early “Demise”, Chinese Data on Weekly Cars Sales is Still Available. Despite claims by many, including GLJ Research, that China was discontinuing its weekly reporting on automobile sales, the data set…
April 19, 2023
After Updating our Bottom-Up Model, we See Risk(s) to Consensus’ 1Q23 Estimates. In what follows, we provide the key assumptions that drive our 1Q23E rev/adj.-EPS ests. of $22.590bn/$0.64 vs. Cons’ $23.365bn/$0.86 ests. (i.e., a miss),…
April 3, 2023
If it Wasn’t Clear Before, it Now is… Tesla Has a Demand Problem. Yesterday, while many of us were catching up on NBA basketball/lawn-work, TSLA reported 1Q23 car deliveries of 422.9K cars (where the sale…
March 28, 2023
We Cut our 1Q23 Delivery Estimate by -5.6% to Reflect Early Start to Demand “Crush” in China + EU. Overnight, we got an update on TSLA’s sale of vehicles in China (where demand fell -15.1%…
March 23, 2023
Are Tesla’s Car Sales Slated to Pull Ahead of the Current Consensus Estimate of 419.706K? In short, after an extensive overview of all of TSLA’s key markets last night (China + EU + USA +…
March 7, 2023
Tesla China Sales Figures are in for the Week of Feb 27-Mar 5. Early this morning, we got updated sales figures for TSLA for the past week. In short, TSLA’s weekly sales came in at…
February 28, 2023
Tesla’s China Sales Come in at 10.705K for the Week of Feb. 20th-Feb. 26th, or a -44.5% Miss to Consensus’ 19.302K Est. Ladies and gentlemen, it’s official, and even the (honest) TSLA bulls will tell…
February 21, 2023
Tesla Posts “Scary” Chinese Numbers. TSLA reported China sales for the week of Feb. 13-Feb. 19, and the numbers were disappointing yet again. That is, we note: (a) TSLA’s domestic China sales were down -15.1%…
February 17, 2023
How’d It All Begin? So… the entire full-self-drive mistruth/deception, in our view, began with the credibly alleged fraudulent (according to Bloomberg – link) “Paint it Black” video (link) from 2016, which remains on TSLA’s website….
February 14, 2023
Were TSLA’s Jan. 5th 13.4%-to-17.0% China Price Cuts Simply Not Enough? In short, as detailed in Ex. 1 below, we remind our readers that in TSLA’s most important/profitable market of China, on Jan. 5th, 2023,…
January 31, 2023
Despite Comments to the Contrary from E. Musk on TSLA’s Q4 Earnings Call, Stagnant Lead-Times in China, Despite Sharp Price Cuts, Suggest Tesla Has a Demand Problem in its Largest Market. By way of background,…