Market views on 2022 4Q Tesla (TSLA) financial results trends
Prior to the announcement of financial results for the 22/4Q financial results, the company announced the number of EVs produced and shipped for the full fiscal year of 1/2 and 22 and 4Q of '22. The number of EVs produced and shipped in 4Q '22 was 439,701 units, up 44% from the same period last year, and 405,278 units, respectively, and the number of EVs produced and shipped for the full year of '22 was 1,369,611 units, 47% of the same period, and 1,313,851 units, respectively, up 40%.
In the company's guidance, which was announced in the 21/4Q financial results at the beginning of last year, a company plan was set that the number of EVs shipped for the full year of '22 would increase by over 50% compared to the previous year, and when the 22/3Q financial results were announced in October, the company's management showed a downward revision in the number of units shipped, while the company's management showed a downward revision in the number of units shipped, it was predicted that the same 50% increase in production volume for the full year of '22 would be maintained. As a result, both the number of EVs produced and shipped by the company fell short of the company plan in '22.
While the company's first large EV truck “semi” was delivered to US PepsiCo on 12/1 last year, it was revealed that the company's CEO Musk is aiming for sales results of 50,000 “semi” units in North America in 2024, that development of a successor model whose cost is about half of the main model “Model 3/Y” is progressing, and production expansion of the new battery cell “4680” has begun to get on track. Also, the strong defensive nature of the company's EVs against the economic recession was also appealed. The view was expressed that the impact of radical interest rate hikes by the US Federal Reserve and concerns about China's economic recession would be limited.
On 1/6, the company decided to drastically reduce sales prices for the Chinese market of the main models “Model 3” and “Model Y” produced locally at its Shanghai plant in China. The company's EV price cuts in the Chinese market have counted 5 times since 2022/9. In addition to the Chinese market, EV prices were reduced in the US and Europe by 1/13. The range of price cuts in the US reached up to 20%. As mentioned above, as EV technology development progresses, EV manufacturing costs are expected to drop further in the future, and it looks like the company will launch an aggressive price reduction offensive and expand its share of the EV market. The company is not affected by economic trends, and while strengthening its production increase system, it is also active in shareholder returns. The company is considering implementing share acquisitions on a scale of 5 to 10 billion dollars this year, and based on the fact that the company's cash equivalent will rise to 21-22 billion dollars at the end of September as of the end of 3Q '22, shareholder return measures beyond the company plan are also expected.
In the company's guidance, which was announced in the 21/4Q financial results at the beginning of last year, a company plan was set that the number of EVs shipped for the full year of '22 would increase by over 50% compared to the previous year, and when the 22/3Q financial results were announced in October, the company's management showed a downward revision in the number of units shipped, while the company's management showed a downward revision in the number of units shipped, it was predicted that the same 50% increase in production volume for the full year of '22 would be maintained. As a result, both the number of EVs produced and shipped by the company fell short of the company plan in '22.
While the company's first large EV truck “semi” was delivered to US PepsiCo on 12/1 last year, it was revealed that the company's CEO Musk is aiming for sales results of 50,000 “semi” units in North America in 2024, that development of a successor model whose cost is about half of the main model “Model 3/Y” is progressing, and production expansion of the new battery cell “4680” has begun to get on track. Also, the strong defensive nature of the company's EVs against the economic recession was also appealed. The view was expressed that the impact of radical interest rate hikes by the US Federal Reserve and concerns about China's economic recession would be limited.
On 1/6, the company decided to drastically reduce sales prices for the Chinese market of the main models “Model 3” and “Model Y” produced locally at its Shanghai plant in China. The company's EV price cuts in the Chinese market have counted 5 times since 2022/9. In addition to the Chinese market, EV prices were reduced in the US and Europe by 1/13. The range of price cuts in the US reached up to 20%. As mentioned above, as EV technology development progresses, EV manufacturing costs are expected to drop further in the future, and it looks like the company will launch an aggressive price reduction offensive and expand its share of the EV market. The company is not affected by economic trends, and while strengthening its production increase system, it is also active in shareholder returns. The company is considering implementing share acquisitions on a scale of 5 to 10 billion dollars this year, and based on the fact that the company's cash equivalent will rise to 21-22 billion dollars at the end of September as of the end of 3Q '22, shareholder return measures beyond the company plan are also expected.
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