Tesla Operating Data Wasn’t Jaw-Crusher But Won't Stop Momentum
Tesla (TSLA) reported record deliveries for Q3 2022, which however came in below consensus estimate.
The unit set-up into Q4, however, is very robust and could approach massive numbers in the 475,000+ range.
Tesla clearly had delivery challenges in the quarter, with some isolated soft spots in China. Investors are worried about demand issues persisting until Tesla issues year-end unit guidance at its Oct. 19 earnings call.
The 343,000 cars Tesla delivered represented 42% YoY growth, and the growth rate would be twice better than the rest of the industry.
In his Twitter reply, Musk said, "Customer experience suffers when there is an end of quarter rush. Steady as she goes is the right move." Tesla closed Friday’s session at $265.25, down 1.10%.
Biden Threatens 'Consequences' for Saudi Arabia after OPEC+ Cut, but His Options are Limited
President Joe Biden is angry at Saudi Arabia for its decision to slash oil production
America’s Record Public Debt is About to Hit Recently Upshifted Ceiling
At $31.1 trillion, outstanding public debt is getting closer to the $31.4 trillion debt ceiling Congress imposed until early 2023.
U.S. Job Reports are Key Again to Assess Likelihood of Jumbo Rate Hikes Going Forward
Investors have been focusing on Friday’s jobs report for September for clues as to whether the Fed might keep up its pace of outsize rate hikes in the face of robust wage gains that have been fueling inflation.
