TSLA is one of the most followed stocks on StockTwits, with over 780K followers and an average of 20,000 message volume over the past month. While StockTwits might not be the best source of quality investment analysis, it provides us with a proxy for retail investment trends for the company, especially Tesla. It is also one of the most mentioned cash tags on Twitter. With Elon Musk's large following, it is helpful to track the trend of TSLA on Twitter as well. This can be done with the Social Sentiment Dashboard
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy firm that also makes electric automobiles with the goal of transitioning the world to electric mobility. For residential and commercial properties, including utilities, the company supplies solar panels and solar roofs for energy generation and batteries for stationary storage.
Tesla boasts a diverse range of vehicles, including luxury and medium sedans as well as crossover SUVs. In addition, the business intends to produce more cheap sedans and small SUVs and a light truck, a semi-truck, and a sports car. In 2021, a little more than 936,000 units were delivered worldwide. Instead of an automobile car firm, the company has recently promoted itself as a “Technology Company” as it is prioritizing the product development of its Optimus Humanoid Robot in 2022.
Trading in Tesla stock recently has been wild. Tesla recently reported adjusted earnings of $2.54 a share, up 218% from the year-ago period and the fourth straight quarter of triple-digit gains. Revenue jumped 65% to $17.7 billion, above estimates of $17.1 billion.
Since the corporation shattered delivery expectations, those numbers have been steadily rising. In the fourth quarter, Tesla delivered more than 308,000 automobiles. Closer to 270,000 units were expected to be sold, according to Wall Street.
Recently, the stock has been quite volatile. After the delivery results, shares jumped 13.5 percent, but have since lost roughly 14% year to date. Fears of inflation, increasing interest rates, and a possible economic slowdown have hit shares of expensive technology companies, like Tesla.
Before the strong delivery numbers were published, the fourth-quarter consensus earnings projection was around $1.94 per share. According to FactSet, the greatest earnings forecasts at the time were around $2.60 per share. The current high estimate is around $3 per share. Tesla stock is currently not a buy but it's holding above its 200-day moving average, which is key. The next buy point on Tesla stocks is 1,208.10.
With the chip shortage still a major overhang on the auto space and logistical issues globally, Tesla's impressive earnings beat speaks to an EV demand trajectory that looks quite robust for Tesla with clear momentum heading into 2022.
A recent 8-k filing by Tesla shows that they have significantly increased their manufacturing capability. Over the next ten years, Musk hopes to produce 20 million electric automobiles. This is more than double the present output of other automotive behemoths. As a result, it's on a quest to increase its production capacity significantly. Tesla has plans to build a Megapack factory to address the demand for energy storage that has been increased by 32% YoY.
The company plans to improve costs and installations and increase profitability for Solar Roof deployments. With deployments tripled in 2021, it is estimated to continue to grow sequentially in 2022 as well.
Tesla's profit contribution from different parts of the business, like service, merchandise and parts sales, have improved over previous years.