Situs Slot Gacor https://new.c.mi.com/ph/post/145937/12_Situs_Judi_Slot_Terbaik_dan_Terpercaya_No_1__Da https://new.c.mi.com/ph/post/148085/Daftar_10_Situs_Judi_Slot_Terbaik_Dan_Terpercaya_N https://new.c.mi.com/ph/post/148080/Daftar_10_Situs_Judi_Slot_Terbaik_Dan_Terpercaya_N https://new.c.mi.com/ph/post/148006/Daftar_Bocoran_Slot_Gacor_Hari_Ini_2022_Terbaru__J https://new.c.mi.com/ph/post/146162/Slot_Gacor__Pola_Jam_Hoki_Main_Slot_Gacor_Gates_of https://new.c.mi.com/ph/post/148300/Link_Daftar_19_Situs_Slot_Gacor_Mudah_Menang_Jackp https://new.c.mi.com/ph/post/146128/Daftar_10_Situs_Slot_Gacor_Hari_Ini_Terbaru_Terper https://new.c.mi.com/ph/post/148211/Situs_Slot_Hoki_Gacor_Hari_Ini_Dan_Pola_Jam_Main_G Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ http://portalsewa.mais.gov.my/img/icons/largest/slot-online-gacor-terbaru/ https://new.c.mi.com/ph/post/161002/AGEN_SLOT_DEMO_GRATIS__SLOT_DEMO_PG_SOFT__SLOT_DEM https://new.c.mi.com/ph/post/160997/KUMPULAN_SLOT_GACOR__DAFTAR_10_SITUS_SLOT_GACOR_20 https://new.c.mi.com/ph/post/163500/17_SLOT_GACOR_88_SLot_Situs_Judi_Slot_Online_Terpe https://new.c.mi.com/ph/post/161273/LINK_SLOT_GACOR_4D__SITUS_SLOT_ONLINE_GACOR_GAMPAN https://new.c.mi.com/ph/post/161268/Daftar_Link_Slot_4D__Daftar_Situs_Slot_Gacor_4D_Re https://new.c.mi.com/ph/post/162611/Link_Daftar_Situs_Slot_Gacor_Resmi_Terpercaya_2022 https://new.c.mi.com/ph/post/161263/Daftar_Persatuan_Situs_Slot_Bonus_100_New_Member_T https://new.c.mi.com/ph/post/162079/DAFTAR_REKOMENDASI_SITUS_JUDI_SLOT_GACOR_TERPERCAY https://new.c.mi.com/ph/post/162074/17_Daftar_Link_Situs_Slot_Gacor_Terpercaya_2022_Ga https://new.c.mi.com/ph/post/162616 https://new.c.mi.com/ph/post/166560/DAFTAR_17_NAMA_SITUS_JUDI_SLOT_GACOR_GAMPANG_MENAN https://new.c.mi.com/ph/post/166555/Situs_Slot_Pulsa__Situs_Slot_Deposit_5000_Via_Puls https://new.c.mi.com/ph/post/164278/Daftar_Situs_Judi_Slot_Online_Deposit_Pulsa_5000_T https://new.c.mi.com/ph/post/163807/21_Daftar_Situs_Judi_Slot_Gacor_Hari_Ini_Link_Judi https://new.c.mi.com/ph/post/165371/11_NAMA_SITUS_DAFTAR_JUDI_SLOT_GACOR_GAMPANG_MENAN https://new.c.mi.com/ph/post/165014/INFO_BOCORAN_SLOT_GACOR_PRAGMATIC_PLAY_RTP_LIVE_TE https://new.c.mi.com/ph/post/166535/Situs_Judi_Slot_Gacor_Malam_Ini_Cepat_Maxwin_Gampa https://new.c.mi.com/ph/post/163787/19_Kumpulan_Link_Daftar_Situs_Slot_Gacor_Terbaru_G https://new.c.mi.com/ph/post/165004/Daftar_Situs_Slot_Gacor_Bet_Kecil_100_200_Terperca https://new.c.mi.com/ph/post/164273/KUMPULAN_19_LINK_SITUS_SLOT_JUDI_GACOR_TERBARU_202
Business

Tesla does not see delivery in 2022, revenues for the third quarter come in below the forecast




Oct 19 (Reuters) – Tesla Inc ( TSLA.O ) said on Wednesday it expected to miss its vehicle delivery target this year, but downplayed concerns about dampening demand after revenue missed Wall Street estimates.

CEO Elon Musk told analysts on a conference call that there was excellent demand in the fourth quarter, addressing investors̵[ads1]7; concerns that buyers could be discouraged by the weak global economy and high prices for Tesla cars.

But Tesla said some logistics challenges will persist, with fourth-quarter deliveries growing less than 50% while production rose 50%.

Register now for FREE unlimited access to Reuters.com

“I wouldn’t say we’re recession-proof, but it’s certainly recession-proof,” Musk said.

In the past, Tesla has repeatedly said it aims for 50% growth this year from the 936,172 cars it delivered in 2021.

Shares fell 4.3% in aftermarket trading.

Tesla is expanding rapidly despite global economic turmoil, and investors are watching closely for signs that consumer demand is cooling as inflation rises and interest rates rise.

The company’s third-quarter automotive gross margin was 27.9%, missing analysts’ estimates and down from 30.5% a year earlier.

Third-quarter revenue was $21.45 billion, a record but below analysts’ estimates of $21.96 billion, according to IBES data from Refinitiv.

The company said it had a negative currency impact of $250 million on earnings as the U.S. dollar strengthened against other major currencies.

A Tesla Model 3 car is seen in their showroom in Singapore October 22, 2021. REUTERS/Edgar Su

“Commodity cost inflation impacted our profitability along with ramping inefficiencies” from the new factories in Berlin and Texas, and the production of the new 4680 batteries, according to Tesla’s statement. Musk added that production of the 4680 battery was ramping up quickly, although director Andrew Baglino said, “There are still challenges ahead that we have yet to overcome. No question.”

Musk added that Tesla’s Semi trucks, which will begin to be delivered to customers starting in December, will not use the 4680 battery cells.

Musk also said the company has the option to buy back shares in the range of $5 billion to $10 billion, pending board review and approval.

THE ROAD TO MATCH APPLE’S MARKET SHARE

Earlier this month, Tesla said it delivered 35% more vehicles in the July-September period than in the previous quarter, thanks in part to a pick-up in production in China after prolonged COVID-19 disruptions, but the record number was shy of vehicle production and analysts’ estimates.

The electric car pioneer has seen its shares fall around 50% from record highs last November as investors were spooked by fears of a global economic slowdown and Musk’s bid to buy social media company Twitter ( TWTR.N ).

Musk told the conference call that he saw a path for Tesla to be worth more than two huge companies, Apple Inc ( AAPL.O ) and Saudi Aramco ( 2222.SE ), combined. Tesla’s market value is now under $700 billion, while Apple is worth $2.3 trillion and oil producer Saudi Aramco is worth $2.1 trillion.

Analysts had expected Musk to express optimism about Tesla in the conference call. Musk has been trying to raise money to finance his $44 billion deal to take Twitter Inc private. Some experts say Musk may need to sell about $3 billion more in stock after the earnings announcement to help finance the deal.

Musk said on Wednesday he was excited about his pending acquisition of Twitter Inc ( TWTR.N ), although he said he and other investors paid too much for the social media company.

Musk also said Tesla’s Cybertruck pick-up was on track to go into production by the middle of next year, and that the heavy-duty semi-truck could see 50,000 units in North America by 2024.

Register now for FREE unlimited access to Reuters.com

Reporting by Akash Sriram in Bengaluru and Hyunjoo Jin and Noel Randewich in San Francisco; Editing by David Gregorio, Peter Henderson and Chris Reese

Our standards: Thomson Reuters Trust Principles.



Source link

Back to top button