![]() ![]() There’s also growing interest in Tesla’s energy storage part of the business. A next-gen platform for its vehicles is allegedly under development, too. Some are predicting we could have a new, even cheaper model announced on the day to rival the budget EV market in China. Its upcoming investor day on March 1 has been a source of speculation for what might be announced - especially since the company hasn’t hosted one since 2019. We already know about the planned Cybertruck, which is now confirmed to be in production by this summer. Tesla has also been dropping hints that big changes are coming for consumers. Tesla’s year-on-year automobile revenue was up 33% to $21.3bn in the fourth quarter, making 2022 its most profitable year on record. ![]() The Q4 earnings call didn’t just talk about the big price changes. It’s safe to say we can expect other leading car manufacturers to follow suit since Tesla threw down the gauntlet. Orders have surged, with US buyers spurred on by a potential change to the Inflation Reduction Act coming in March that could push Tesla EVs out of the tax credit range again. It also ricocheted into other leading EV manufacturers’ share prices: GM, Ford and Volkswagen all sustained losses between 3.6% and 6%.īut the consumer reaction to the Tesla announcement was instant. The immediate fallout of the announcement tanked Tesla prices, falling 6.4%. He added that he’s confident demand is that high. Tesla had already put out figures predicting 1.8m units. Musk also added that if there wasn’t some “friggin’ force majeure thing that happens somewhere on Earth”, then Tesla has “the potential to do two million cars this year”. We’re currently seeing orders of almost twice the rate of production.” “Thus far in January, we’ve seen the strongest orders year-to-date than ever in our history. In the Tesla Q4 earnings call last week, CEO Elon Musk addressed the price cuts. What happened after the Tesla price cuts? ![]() These two factors together mean Tesla’s risky strategy has paid off with an upward trajectory on its share price, closing at $178 on Friday last week. Its net income has increased by 59% and that order rates for Teslas was currently double their usual average. That ended up just being the start: the company’s Q4 earnings call revealed Tesla’s best financial year yet. The new price points for the Model Y and Model 3 meant new owners could claim the $7,500 tax credit, creating a surge in demand. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.While Tesla cited the reason as supply chain savings they could pass on to consumers, the move coincided with the revamped tax credits available on EVs in the US. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |