Tesla 4Q23 Earnings -- Guidance -- "Notably Lower" -- January 24, 2024

Locator: 46633TSLA.

Phrase for the day:

Misses on top and bottom line.

Margin: number to watch -- 15.7% -- the expectation. See box below.

Shares down 5% after release.

EPS: 71 cents vs 74 cents but the big number to watch is "margin."

Now drops below $500 / share.

This is Cathie Wood's favorite stock which she sells at highs and buys back in at lows.

First analyst on CNBC: "Tesla is dead." 

Phil LeBeau: "the numbers are disappointing." 

"notably lower" -- Tesla's own words -- delivery rate is going to be even worse in 2024! 

Screenshot:

EVs have lost their luster. Reality setting in.

"Long in the tooth," early adopters are now looking to sell / trade up. How is resale value holding up? One individual's experience.

Batteries? A combination of government data and Tesla company statements, batteries are expecte to last upwards of 40 years. Tesla guarantees batteries for eight years. From various sources, internet, google search, January 24, 2024. After eight years, batteries no longer guaranteed. Makes re-sale problematic, one would think.

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AMD

Holy mackerel. LOL.

Up $10 during the day, and up again, after hours.

INTC: up 20 cents.

NVDA: up $15 today. Up another $2.40 after hours.

What's going on? Nothing out of the ordinary ... but think about this ... except for Cathie Wood, everyone "in" Tesla is now dumping their Tesla and buying Nvidia and AMD. LOL.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

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At The Museum