Tesla

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 56.46% Baird → $300 Reiterates Outperform → Outperform 01/26/2024 30.38% Deutsche Bank $260 → $250 Maintains Buy 01/26/2024 — Edward Jones Downgrades Buy → Hold 01/26/2024 -32.2% JP Morgan $135 → $130 Maintains Underweight 01/26/2024 16.82% Citigroup $255 → $224 Maintains Neutral 01/26/2024 14.74% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 17.35% UBS $229 → $225 Maintains Neutral 01/25/2024 56.46% Baird → $300 Reiterates Outperform → Outperform 01/25/2024 64.28% Wedbush $350 → $315 Maintains Outperform 01/25/2024 40.81% Mizuho $310 → $270 Maintains Buy 01/25/2024 54.9% RBC Capital $300 → $297 Maintains Outperform 01/25/2024 0.66% Truist Securities $227 → $193 Maintains Hold 01/25/2024 17.35% Barclays $250 → $225 Maintains Equal-Weight 01/25/2024 14.74% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 11.09% KGI Securities $309 → $213 Downgrades Outperform → Neutral 01/24/2024 […]

Investors should always peruse the annual filings of the companies in their portfolios. They contain details that may be left out of earnings releases and conference calls. Monday, Tesla filed its annual report on a form 10-K with the Securities and Exchange Commission. It offers analysts and investors another chance to look under the hood and check the health of the world’s most valuable car company. Here are a few noteworthy items — including how much Tesla really spends on marketing — along with a little history. Recalls Don’t Tell Investors Much Tesla spent about $1.2 billion on warranty repairs in 2023, up from about $800 million in 2022. That 50% increase isn’t alarming. After all, Tesla is growing with more cars on the roads. Tesla’s 2023 warranty expense works out to $250 per car still covered in the five-year warranty, the same cost per car as in 2022. The

By Will Feuer Tesla expects to spend more than $10 billion in capital expenditures in the current fiscal year, but expects that figure to decline in the following two years. The Elon Musk-led electric vehicle maker disclosed the guidance in a regulatory filing containing its annual report. For fiscal 2025 and fiscal 2026, Tesla said it is targeting capital expenditures of $8 billion to $10 billion. The company cautioned that various factors, including potentially shifting company priorities and the addition of new projects, could affect the guidance. The company also said it expects to be able to fund itself and its expansion “as long as macroeconomic factors support current trends in our sales.” Tesla said it is likely to see heightened levels of capital expenditures over certain periods due to various factors such as labor availability, supply-chain issues, material prices and trade conditions. Write to Will Feuer at Will.Feuer@wsj.com

I canceled my Full-Self Driving subscription. Whether that’s bad news or good news for Tesla depends on your point of view. I’m 10,000 miles into my Tesla ownership journey. The milestone was reached quickly. I purchased a rear-wheel drive Model 3 — with the help of a bank and tax credits — in late June, about seven months ago. Owning and driving an EV — compared with the many EV test drives taken — has been eye-opening. Let’s start with Full-Self Driving or FSD. I added a subscription about a month in, just ahead of several road trips involving college, family, and some time off. I reviewed the system after about 1,000 miles of FSD driving. It’s impressive. The car did 95% of the driving all by itself, but it still needed human supervision. I took over driving one or two times a trip, on average, because of vehicle hesitation,

Tesla, Inc. (NASDAQ:TSLA) stalled its post-earnings sell-off on Friday and ended modestly higher for the session. As the stock bounces around an eight-month low, Cathie Wood’s Ark Invest continued to pile into the stock. What Happened: Ark’s flagship exchange-traded fund, the Ark Innovation ETF (NYSE:ARK), and the Ark Next Generation ETF (NYSE:ARKW) accumulated 182,541 Tesla shares Friday. At Friday’s close of $183.25, the purchase is valued at $33.45 million. On Thursday, after the stock’s 12%+ drop, Ark beefed up its Tesla stake by 177,870 shares or $32.48 million. The aggregate purchase for the week was $65.93M worth of Tesla shares.

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 -29.7% JP Morgan $135 → $130 Maintains Underweight 01/26/2024 21.14% Citigroup $255 → $224 Maintains Neutral 01/26/2024 18.98% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 21.68% UBS $229 → $225 Maintains Neutral 01/25/2024 62.24% Baird → $300 Reiterates Outperform → Outperform 01/25/2024 70.35% Wedbush $350 → $315 Maintains Outperform 01/25/2024 46.02% Mizuho $310 → $270 Maintains Buy 01/25/2024 60.62% RBC Capital $300 → $297 Maintains Outperform 01/25/2024 4.38% Truist Securities $227 → $193 Maintains Hold 01/25/2024 21.68% Barclays $250 → $225 Maintains Equal-Weight 01/25/2024 18.98% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 15.19% KGI Securities $309 → $213 Downgrades Outperform → Neutral 01/24/2024 -8.06% Redburn Atlantic → $170 Initiates Coverage On → Sell 01/23/2024 89.28% Wedbush → $350 Reiterates Outperform → Outperform 01/18/2024 35.2% Barclays $260 → $250 Maintains

Tesla (TSLA) is expected to see a “challenging” 2024 for the global auto industry and a “material” decline in the automaker’s profitability toward the non-GAAP earnings per share of $2, Morgan Stanley said in an emailed note to clients on Thursday. For its 2024 outlook, the company said its volume growth would be “notably lower” than last year’s 38% growth but did not include any volume ranges or any discussion of tailwinds or headwinds concerning gross margin, operating expense and capital expenditure, according to the note. Tesla’s guidance for 2024 reflects a slowing electric vehicle market, an uncertain economic and regulatory environment in addition to political events and China consumer slowdown, and a potential continued rise in costs in developing the next generation product, Morgan Stanley said. “For Tesla shares to perform from here, investors must expect FY24 to be a trough year for auto profitability, must have increased confidence

Tesla, Inc. (NASDAQ:TSLA) shares tumbled over 12% on Thursday after the company reported fourth-quarter earnings and revenue that trailed expectations and warned of a significant decline in volume growth in 2024. Notwithstanding the downward spiral in the stock, one bullish investor doubled down on her Tesla bet. ARKK, the flagship ETF of Ark, added 148,246 Tesla shares and ARKW boosted its Tesla holdings by 29,624. Together, Ark bought 177,870 shares of Tesla Thursday, valued at $32.48 million. The electric-vehicle giant’s stock makes up roughly 7.77% of the portfolio weighting of ARKK and they are the second-biggest holding of the ETF. In ARKW, Tesla accounts for 5.10% of the weighting and is the sixth biggest holding. At the end of 2023, Ark’s stake in Tesla was at 3,802,519, valued at $944.85 million.

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 11.3% KGI Securities $309 → $213 Downgrades Outperform → Neutral 01/24/2024 -11.17% Redburn Atlantic → $170 Initiates Coverage On → Sell 01/23/2024 82.89% Wedbush → $350 Reiterates Outperform → Outperform 01/18/2024 30.64% Barclays $260 → $250 Maintains Equal-Weight 01/16/2024 82.89% Wedbush → $350 Reiterates Outperform → Outperform 01/02/2024 — Oppenheimer Reiterates → Perform 12/27/2023 98.57% Morgan Stanley $380 → $380 Reiterates Overweight → Overweight 12/22/2023 56.76% RBC Capital → $300 Reiterates Outperform → Outperform 12/22/2023 82.89% Wedbush $310 → $350 Maintains Outperform 12/18/2023 56.76% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -31.02% Guggenheim $125 → $132 Maintains Sell 12/14/2023 35.86% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 56.76% CFRA → $300 Maintains Buy 12/01/2023 57.29% RBC Capital → $301 Maintains Outperform 12/01/2023 22.8% Goldman Sachs $235 → $235 Maintains

Tesla, Inc. (NASDAQ:TSLA) uber-bulls appear to be throwing in the towel, with two of them tempering their expectations for the electric-vehicle giant in the wake of a double miss in the fourth quarter. A Shaky 2024 Ahead: Wedbush analyst Daniel Ives expressed disappointment with the earnings call. “We were dead wrong expecting [Elon] Musk and team to step up like adults in the room on the call and give a strategic and financial overview of the ongoing price cuts, margin structure, and fluctuating demand,” he said. “Instead, we got a high-level Tesla long-term view with another train wreck conference call.” Musk was much more cautious and chose to steer the discussion around production, next-gen vehicle timelines, and FSD/investments, the analyst said. The much larger Tesla story gleaned from the call was the 2024 unit growth likely coming in notably lower, and a lack of guidance on margins/expense structure. Ives, however, is optimistic about the

Tesla (NASDAQ:TSLA) reported quarterly earnings of $0.71 per share which missed the analyst consensus estimate of $0.74 by 4.05 percent. The company reported quarterly sales of $25.17 billion which missed the analyst consensus estimate of $25.62 billion by 1.75 percent. This is a 3.49 percent increase over sales of $24.32 billion the same period last year.

Tesla is expecting its vehicle sales to take a hit as it focuses on scaling up its next-generation platform. The EV giant says with 4Q results that it expects “notably lower” car-sales volume growth in 2024. The company is looking to bring its next generation platform to market as soon as possible. The company is looking to start production with the platform at its Gigafactory Texas and expects the platform to “revolutionize how vehicles are manufactured.”