12/8/2023 0 Comments Twitter stock forecast 2025![]() ![]() Tesla share price got a strong tailwind from this news. As a result of this collaboration between the three car makers, Tesla North American Charging Standard will be adopted by the majority of the US EV market. In one of the major developments for Tesla Inc, General Motors and Ford have agreed to use the Tesla Supercharging network. This has resulted in a sell-off in Tesla stock price, which is now trading close to its 3-month lows. Even though the company met most of the analysts’ expectations, the net income of Tesla still fell by 24% from last year. However, due to a series of price cuts across different markets, the Q1 financials of Tesla weren’t that impressive. Most of these numbers, as expected, were from its automotive business, which made over $21.3 billion. Its profit jumped to $1.19 per share, which was higher than the median analyst estimates of $1.13. In its statement, the company said its Q4 revenue rose to $21.45 billion, which was higher than the $13.75 billion. The most important Tesla news was the company’s fourth-quarter and full-year results 2022. This increase in sales can be attributed to the recent price cuts by the company in the US and China. In the second quarter of 2023, the company produced 479,700 vehicles and delivered 466,140 vehicles. Tesla Retains Strong FinancialsĪfter strong sales in Q1, Tesla has once again shared very good results for Q2. After the change, Model 3 will cost 231,900 CNY from its previous price of 229,900 CNY. In other Tesla news, the company has hiked its prices in the US, Canada, China, and Japan after a series of price cuts. This shows that Tesla stock is on its way to becoming a blue-chip as it is currently the global leader in the manufacturing of electric vehicles. A few months earlier, S&P also upgraded the credit rating of Tesla from BB+ to BBB. Recently, the popular rating agency Moody’s has upgraded the Tesla bonds to investor-grade status. ![]()
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