• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Tesla’s stock price crashes, down -9% on missing 4Q2022 consensus
Investing

Tesla’s stock price crashes, down -9% on missing 4Q2022 consensus

by January 3, 2023
by January 3, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

One of the biggest events this week in the US equity market was Tesla’s 4Q2022 deliveries. After sliding for most of December, the stock price bounced from $100/share in expectations of the report released today.

As it turned out, Tesla deliveries in the 4Q22 were up by 31% YoY to about 405k – great news. However, it was short of consensus, which triggered a small crash in the stock price at today’s opening.

Tesla delivered 405k vehicles while producing 439k. The bulk of the deliveries were Model 3/Y and Model S/X, with 388,131, respectively 17,147 cars.

At the time of writing this article, Tesla’s (NASDAQ:TSLA) stock price is down by -9.22%, trading at $111.48. To put things into perspective, one should remember that the stock traded at $400/share one year ago.

Tesla’s stock price eyes $100/share

At the start of 2022, Tesla’s stock traded at around $400/share. But the buying frenzy quickly ended as the tech stocks were sold aggressively last year, and Elon Musk bought Twitter.

He needed cash to fund the buying of Twitter and sold Tesla shares. As a result, the stock price declined, especially in the second half of the year, and now trades close to $100/share. Given today’s deliveries report, it seems that $100/share is just around the corner.

Tesla chart by TradingView

ARK remains bullish Tesla, Goldman lowers price target

Not everyone is bearish on Tesla. ARK Invest, an asset management company founded by Cathie Wood in 2014, remains bullish. According to ARK, the bull case for Tesla has 17 million cars sold by 2026, translating into a stock price of $1,533/share.

On the flip side, after the latest deliveries report, Goldman Sachs just lowered its price target for Tesla’s stock price. It now targets $205/share instead of $235/share – still higher than where the stock trades today.

The post Tesla’s stock price crashes, down -9% on missing 4Q2022 consensus appeared first on Invezz.

You Might Also Like
  • Dow Jones, the S&P 500, and Nasdaq ahead of U.S. job report
  • Why do people criticise CPI as a measure of inflation?
  • LEAP Options Explained: What Are They And How Do They Work?
  • Ready to Invest? Here’s How to Get Started with Online Trading
Share
0
FacebookTwitterPinterestWhatsapp

previous post
A Key Lesson in Education Policy: You Don’t Make Peace with Termites
next post
Energous Applauds AirFuel™ RF Standard for Wireless Power Transfer

You may also like

Balfour Beatty stock: A good buy after guidance boost

December 8, 2022

Justin Wolfers: “Inflation has clearly peaked”; CPI at 7.1%

December 13, 2022

5 Best Dogecoin Betting Sites That You Can Trust

December 22, 2022

Why You Should Never Use a Stop Loss in Options...

February 15, 2023

The digital pound will not track retail users, UK minister...

January 10, 2023

4 dividend growth stocks to buy with a 5-year dividend...

November 24, 2022

In The Money (ITM) Options Explained

April 20, 2023

Everything You Need to Know About Options Assignment Risk

February 21, 2023

Is There Such A Thing As Risk-Management Within Crypto Trading?

October 15, 2024

Options Vega Explained: Price Sensitivity To Volatility

April 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    This tech stock more than doubled...

    December 16, 2022

    Core inflation remains high, meaning more...

    December 19, 2022

    FTSE 100 price forecast ahead of...

    November 30, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here