Date | Price Target | Rating | Analyst |
---|---|---|---|
7/3/2024 | $275.00 → $300.00 | Outperform | Wedbush |
7/3/2024 | $126.00 → $134.00 | Sell | Guggenheim |
6/26/2024 | $265.00 | Buy | Stifel |
6/12/2024 | Neutral | Citigroup | |
5/2/2024 | $230.00 | Overweight | Cantor Fitzgerald |
4/24/2024 | $294.00 → $293.00 | Outperform | RBC Capital Mkts |
4/24/2024 | $220.00 | Neutral → Buy | BofA Securities |
4/18/2024 | $189.00 → $123.00 | Buy → Hold | Deutsche Bank |
Electric vehicle company Tesla recently cleared a major hurdle by approving CEO Elon Musk‘s pay package, which some analysts considered an overhang.
Looking ahead, several catalysts for the company are coming soon, an analyst writes.
The Tesla Analyst: Wedbush analyst Dan Ives has an Outperform rating on Tesla and $275 price target. Ives' bull case for Tesla is $350 per share in 2025.
Related Link: Tesla Analysts See Robotaxi Day Igniting Interest In Other Autonomous Vehicle Players, Service Providers
The Analyst Takeaways: According to Ives, second-quarter deliveries are the next catalyst for Tesla.
The analyst expects the company to report second quarter deliveries on Tuesday morning.
"Tesla will be announcing its 2Q deliveries to finish a very bumpy 1H for Musk & Co. as softer EV demand has been front and center for Tesla and other EV players," Ives said.
Ives said Tesla could show a "mini rebound" in its second quarter deliveries, with China growing.
Street estimates for deliveries are 435,000 according to Ives with some estimates closer to the 415,000 to 420,000 range.
"Looking at the June quarter, we have seen some signs of stabilization in pricing for Tesla over the past few months as it appears the lion's share of the price cuts are now in the rear-view mirror."
Ives is looking ahead to Tesla's Aug. 8 robotaxi day as the next catalyst after second-quarter deliveries and one of the most anticipated for Tesla in some time.
"We believe the August 8th robotaxi day will be a key historical moment for the Tesla story that we see as a near-term catalyst."
The analyst said the robotaxi day could be key to getting Tesla to a $1 trillion valuation once again, with the autonomous and FSD visions "taking hold for Tesla."
"It is now official that robotaxi will become a part of the Tesla portfolio as Musk and Tesla get ready for the first Tesla robotaxi to be unveiled on August 8th."
Ives said Tesla is more a play on artificial intelligence and robotics than being a traditional car company.
"While delivery numbers next week are very important the Street is starting to focus on the next growth driver at Tesla now forming with the worst of the demand doldrums in the rear-view mirror heading into 2H."
Ives said the Tesla turnaround story is now in motion.
TSLA Price Action: Tesla shares trade at $197.88 versus a 52-week trading range of $138.80 to $299.29.
Tesla stock is down 21% year-to-date in 2024.
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Tesla shares were up 5% on the last trading week.
Chart provided by Benzinga Pro
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Tesla Is Now a Texas Corporation At today's Annual Stockholders' Meeting, Tesla stockholders overwhelmingly approved the ratification of the 2018 CEO Performance Award and the redomestication of the Company to Texas. Tesla has submitted all filings to effectuate its conversion into a Texas corporation and can confirm that the Company is now incorporated in Texas. Full voting results for its 2024 Annual Meeting of Stockholders are below. AGENDA ITEM PROPOSAL BOARD VOTE RECOMMENDATIONS VOTING RESULTS Tesla Proposals 1. A Tesla proposal to elect two Class II directors, James Murdoch and Kimbal Musk, to serve for a term of three years, or until th
QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer ("CFO"). As CFO at LeddarTech, Mr. Stewart will be instrumental in supporting LeddarTech in completing its recently announced business combination with Prospector Capital Corp. and transitioning to a publicly traded company. Mr. Stewart has over 20 years of financial management experience at companies ranging from startups to large public companies. Mr. Stewart previously served as the Chief Financial
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a proposed $7,500 US consumer tax credit for "clean vehicles." The credit, which includes battery-electric, plug-in hybrids and hydrogen fuel cell, is part of a $369 billion proposed new spending on climate-related initiatives included in the Inflation Reduction Act. US Senators Chuck Schumer and Joe Manchin, both Democrats, reached an agreement late Wednesday to include the credit and a ran
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a proposed $7,500 US consumer tax credit for "clean vehicles." The credit, which includes battery-electric, plug-in hybrids and hydrogen fuel cell, is part of a $369 billion proposed new spending on climate-related initiatives included in the Inflation Reduction Act. US Senators Chuck Schumer and Joe Manchin, both Democrats, reached an agreement late Wednesday to include the credit and a ran
ROCKFORD, Mich., April 14, 2021 (GLOBE NEWSWIRE) -- Wolverine World Wide, Inc. (NYSE:WWW) today announced the appointment of Kathleen Wilson-Thompson to its Board of Directors, effective May 5, 2021. Wilson-Thompson, 63, brings to the boardroom a wealth of global retail experience in senior executive roles, along with a combined 14 years as a director for three public companies. Wilson-Thompson currently serves on the Board of Directors at Tesla, Inc. (NASDAQ:TSLA). Earlier this year, she retired as Executive Vice President and Global Chief Human Resources Officer at Walgreens Boots Alliance Inc. (NASDAQ:WBA), a global retail pharmacy, health and wellness destination. Prior to joini
Wedbush reiterated coverage of Tesla with a rating of Outperform and set a new price target of $300.00 from $275.00 previously
Guggenheim reiterated coverage of Tesla with a rating of Sell and set a new price target of $134.00 from $126.00 previously
Stifel initiated coverage of Tesla with a rating of Buy and set a new price target of $265.00
Citigroup reiterated coverage of Tesla with a rating of Neutral
Cantor Fitzgerald initiated coverage of Tesla with a rating of Overweight and set a new price target of $230.00
RBC Capital Mkts reiterated coverage of Tesla with a rating of Outperform and set a new price target of $293.00 from $294.00 previously
BofA Securities upgraded Tesla from Neutral to Buy and set a new price target of $220.00
Deutsche Bank downgraded Tesla from Buy to Hold and set a new price target of $123.00 from $189.00 previously
Barclays reiterated coverage of Tesla with a rating of Equal Weight and set a new price target of $180.00 from $225.00 previously
Citigroup reiterated coverage of Tesla with a rating of Neutral and set a new price target of $180.00 from $196.00 previously
A local government in China has reportedly included Tesla Inc.’s (NASDAQ:TSLA) Model Y SUV among the list of electric models that it could buy as a service car. What Happened: The Eastern Jiangsu provincial government listed the Model Y among other Chinese-branded EVs and hybrids in addition to the Volvo XC40, local news outlet The Paper reported. Volvo, however, is owned by China’s Zhejiang Geely Holding Group. As per the report, this is the first time that Tesla cars have been ascertained eligible for government purchase in the country. The Model Y is Tesla’s best-selling vehicle. It starts at 249,900 yuan (about $34,387) in China with the more premium performance all-wheel driv
Tesla Inc’s (NASDAQ:TSLA) expansion plans for its gigafactory in Germany have reportedly received approval from environmental authorities. What Happened: The environmental authorities in the German state of Brandenburg, where Tesla’s gigafactory is located, have given the green light to the company’s expansion plans, Reuters reported. The approval allows Tesla to create an asphalted logistics area for new vehicles, stairwells on its pressing plant, and an access guard, the report said. The approval is key to the EV giant’s aim of doubling the plant's capacity for battery production to 100 gigawatt hours and car production to 1 million units annually. German Chancellor Olaf Scho
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the “Fear” zone on Wednesday. U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting fresh highs during shortened trading session. The New York Stock Exchange closed early at 1 p.m. ET on Wednesday, while the exchange was also closed on Thursday for Independence Day. ADP data showed lesser-than-expected private payroll growth in June, while weekly jobless claims came in higher than expectations. Tesla, Inc. (NASDAQ:TSLA) shares surged 6.5% on Wednesday after Wedbush raised its price target on the stock from $275 to $300. The company’s stock also climbed on Tuesday f
Tesla Inc. (NASDAQ:TSLA) has been on an uninterrupted rally since June 25, gaining 35% in just seven sessions. Despite this, the recent surge has not evinced confidence in a fund manager who substantially trimmed his Tesla position in early 2024 amid the electric vehicle maker’s fundamental woes. What Happened: Bombarded with questions from social media users, Future Fund Managing Partner Gary Black was forced to respond as to when would be the right time for the firm to restock Tesla shares. The stock now has a 3.6% weighting in Future Fund Active ETF (NYSE:FFND), the actively-traded flagship exchange-traded fund of the Black-led firm. “We don’t trade. And we don't blindly change our
Signs are emerging that the market boom surrounding artificial intelligence (AI) might be taking on the characteristics of a bubble. This warning comes from Wall Street veteran investor Ed Yardeni, President of Yardeni Research, Inc., in a note to clients on July 4. “While we love the productivity-enhancing possibilities that AI offers, the AI phenomenon has many of the hallmarks of an inflating bubble,” Yardeni cautioned. He noted that there are “big bucks chasing the AI dream,” with substantial funds directed toward companies leveraging AI technology. ‘Too Much Capital Can End Even The Best Of Parties’ This year alone, Yardeni Research highlighted several advancements AI ca
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BULLISH 07/05/24 $250.00 $40.9K 21.8K 243.5K GM CALL TRADE NEUTRAL 07/12/24 $47.00 $2
Chinese automakers are seemingly gaining ground in the United Kingdom as American automakers including EV giant Tesla Inc (NASDAQ:TSLA) falters. What Happened: As per data from the Society of Motor Manufacturers and Traders (SMMT), 2,904 vehicles from Chinese EV maker BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF). were registered in the U.K. this year as of the end of June, marking a near 2,800% jump from last year. SAIC Motor-owned MG saw registrations jump nearly 11% to 44,046 units while Great Wall Motor‘s Ora brand witnessed a nearly 202% jump in registrations to 895 units. Domestic players including BMW, Mercedes-Benz, and Volkswagen also saw registrations in the period jumped 33.58%, 20.
EV giant Tesla Inc (NASDAQ:TSLA) is now attempting to woo military personnel into purchasing their cars by offering them $1,000 off on the purchase price of any of its cars but the Cybertruck. What Happened: Military veterans, retirees, active duty members, and their spouses can now avail $1000 off on buying a Model 3, Model Y, Model S, and Model X. Eligible individuals just have to pick their vehicle and verify their military status to be eligible. There is no limit on the number of vehicles that can be purchased under the offer. The program, known as the Tesla Military Purchase Program, was announced on Wednesday, in time for the Fourth of July. The most American-made cars a
Dearborn-based automaker Ford Motor Co (NYSE:F) sold 23,957 EVs in the second quarter in the U.S., trumping rival General Motors Co‘s (NYSE:GM) EV sales but lagging behind EV giant Tesla Inc (NASDAQ:TSLA). What Happened: Ford sold a total of 23,957 EVs from April to June, marking a 61.4% jump from the corresponding quarter of last year. The surge in sales was mostly due to the popularity of its Mustang Mach-E SUV of which the company sold 12,645 units. The F-150 Lightning electric pickup truck was the second best-selling EV from the company, followed by its E-transit electric vans. ModelQ2 Sales In U.S.Mustang Mach-E12,645F-150 Lightning7,902E-transit3,410Total23,957 The two
Future Fund Managing Partner Gary Black has defended the decision to reduce the fund’s stake in Tesla Inc. (NASDAQ:TSLA), citing a shift in investment strategy and the electric vehicle maker’s performance. What Happened: Black outlined the criteria for Future Fund’s sell discipline, in a post written on X on Wednesday, which includes reaching the price target, a change in the investment thesis, excessively high near-term expectations, or a change in strategy or CEO. Black noted that the fund had trimmed its TSLA position from 12.2% in September 2022 to 3.6% currently, during which time TSLA stock fell 11% while the Nasdaq 100 rose 64%. He added that TSLA was replaced by NVIDIA Corp (NA
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In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet. Production Deliveries Subject to operating lease accounting Model 3/Y 386,576 422,405 2% Other Models 24,255 21,551 1% Total 410,831 443,956 2% Tesla will post its financial results for the second quarter of 2024 after market close on Tuesday, July 23, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q2 2024 update, which will be available on Tesla's Investor R
Tesla Is Now a Texas Corporation At today's Annual Stockholders' Meeting, Tesla stockholders overwhelmingly approved the ratification of the 2018 CEO Performance Award and the redomestication of the Company to Texas. Tesla has submitted all filings to effectuate its conversion into a Texas corporation and can confirm that the Company is now incorporated in Texas. Full voting results for its 2024 Annual Meeting of Stockholders are below. AGENDA ITEM PROPOSAL BOARD VOTE RECOMMENDATIONS VOTING RESULTS Tesla Proposals 1. A Tesla proposal to elect two Class II directors, James Murdoch and Kimbal Musk, to serve for a term of three years, or until th
Ratifying Elon Musk's 2018 Compensation Package Previously Rejected by Delaware Court and Reincorporation of Company to Texas May Weaken Shareholder Rights at All Companies Adopting Proposals Could Encourage Other Companies to Disregard Court Rulings Meant to Protect Shareholders The American Association for Justice (AAJ), Americans for Financial Reform Education Fund (AFR), and the Consumer Federation of America (CFA) (collectively the "Coalition") today released an opinion statement regarding the considerable threats to shareholder protections and corporate governance posed by Proposals 3 and 4 (the "Proposals") on the ballot at Tesla, Inc.'s (NASDAQ:TSLA) ("Tesla" or the Company") up
USA News Group Commentary VANCOUVER, BC, April 29, 2024 /PRNewswire/ -- USA News Group – As artificial intelligence (AI) continues to permeate the corporate landscape, its potential economic impact is becoming increasingly clear. According to McKinsey & Company's recent analysis, which spans 63 different use cases, the data suggests that generative AI could contribute as much as $7.9 trillion to the global economy annually in the foreseeable future. The market has already responded, as the Cloud & AI Confidence Index reached nearly $8 trillion in the first quarter of 2024, showing the potential for generative AI to be "unlimited". One major aspect of the AI revolution is the rapid progressio
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
Tesla has released its financial results for the first quarter of 2024 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update. As previously announced, Tesla management will host a live question and answer (Q&A) webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the results and outlook. What: Tesla First Quarter 2024 Financial Results Q&A Webcast When: Tuesday, April 23, 2024 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q1 2024 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the company's website following the call. View source version on bus
USA News Group Commentary VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet
In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet. Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin. Production Deliveries Subject to operating lease accounting Model 3/Y 412,376 369,783 2% Other Models 20,995 17,027 1% Total 433,371 386,810 2%
Tesla has released its financial results for the fourth quarter and full year ended December 31, 2023 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update. As previously announced, Tesla management will host a live question and answer (Q&A) webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the results and outlook. What: Tesla Fourth Quarter and Full Year 2023 Financial Results Q&A Webcast When: Wednesday, January 24, 2024 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q4 & FY 23 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the company's we
New York, Jan. 03, 2024 (GLOBE NEWSWIRE) -- GraniteShares today announced plans to amend the names and leverage factors for some of its short and leverage ETFs (the "Funds"). The change in leverage factor results in a modification of the investment strategy. Effective January 22, 2024, the Funds will aim to replicate either +2 or -2 times the daily variations of their underlying stocks. Eight of the Funds already trade on the NASDAQ. The Funds' CUSIPs and Tickers are not expected to change. TICKER SYMBOL CURRENT FUND NAME NEW FUND NAME CURRENT LEVERAGE FACTOR* NEW LEVERAGE FACTOR*AALL(1) GraniteShares 1.5x Long AAL Daily ETF GraniteShares 2x Long AAL Daily ETF 150% 200%ALSD(1) Grani
In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet. Production Deliveries Subject to operating lease accounting Model 3/Y 386,576 422,405 2% Other Models 24,255 21,551 1% Total 410,831 443,956 2% Tesla will post its financial results for the second quarter of 2024 after market close on Tuesday, July 23, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q2 2024 update, which will be available on Tesla's Investor R
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet. Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin. Production Deliveries Subject to operating lease accounting Model 3/Y 412,376 369,783 2% Other Models 20,995 17,027 1% Total 433,371 386,810 2%
In the fourth quarter, we produced approximately 495,000 vehicles and delivered over 484,000 vehicles. In 2023, vehicle deliveries grew 38% YoY to 1.81 million while production grew 35% YoY to 1.85 million. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023. Q4 2023 Production Deliveries Subject to operating lease accounting Model 3/Y 476,777 461,538 2% Other Models 18,212 22,969 3% Total 494,989 484,507 2% 2023 Production Deliveries Model 3/Y 1,775,159 1,739,707 Other
COQUITLAM, BC / ACCESSWIRE / December 21, 2023 / Fuse Battery Metals Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) provides the following update to its Shareholders.TO OUR SHAREHOLDERSHappy Holidays, and I would like to start by thanking you for your support of our Company. We appreciate your continued support of our team and the development of our world class North American lithium and cobalt properties.We have spoken many times in the past about the shift to Electric Vehicles (EV) in North America and throughout the globe. We have reached a global milestone in EV car production. There are now over 41 million electric vehicles on the road globally, thanks in part to forw
COQUITLAM, BC / ACCESSWIRE / December 20, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) provides the following update to its Shareholders.TO OUR SHAREHOLDERSAs the year draws to a close, I would like to take this time to thank you for your continued support of the Company, our team and the development of our world class North American lithium and nickel properties.2023 has been a banner year for the Company adding key Nevada lithium assets to our property portfolio, completing three separate equity financings to bolster our balance sheet, completing material exploration activities in both Nevada and British Columbia, and starting the proc
In the third quarter, we produced over 430,000 vehicles and delivered over 435,000 vehicles. A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings call. Our 2023 volume target of around 1.8 million vehicles remains unchanged. Production Deliveries Subject to operating lease accounting Model S/X 13,688 15,985 8% Model 3/Y 416,800 419,074 4% Total 430,488 435,059 4% *** Tesla will post its financial results for the third quarter of 2023 after market close on Wednesday, October 18, 2023. At that time, Tesla will
In the second quarter, we produced nearly 480,000 vehicles and delivered over 466,000 vehicles. Production Deliveries Subject to operating lease accounting Model S/X 19,489 19,225 8% Model 3/Y 460,211 446,915 5% Total 479,700 466,140 5% *** Tesla will post its financial results for the second quarter of 2023 after market close on Wednesday, July 19, 2023. At that time, Tesla will issue a brief advisory containing a link to the Q2 2023 update, which will be available on Tesla's Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30
In the first quarter, we produced over 440,000 vehicles and delivered over 422,000 vehicles. We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC. Production Deliveries Subject to operating lease accounting Model S/X 19,437 10,695 10% Model 3/Y 421,371 412,180 5% Total 440,808 422,875 5% *** Tesla will post its financial results for the first quarter of 2023 after market close on Wednesday, April 19, 2023. At that time, Tesla will issue a brief advisory containing a link to the Q1 2023 update, which will
In the fourth quarter, we produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million. We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2022 in light of significant COVID and supply chain related challenges throughout the year. Q4 2022 Production Deliveries Subject to operating lease accounting Model S/X 20,613 17,147 9% M