TSLA
Tesla
-- 424.770 NVDA
NVIDIA
-- 139.310 PLTR
Palantir
-- 72.510 RGTI
Rigetti Computing
-- 7.3800 SMCI
Super Micro Computer
-- 38.290 
Market views on the 4Q 2022 Tesla (TSLA) earnings trends
Ahead of the 4Q 2022 earnings announcement, the company disclosed the EV production and delivery numbers for the full year 2022 and the 4Q 2022. The EV production and delivery numbers for 4Q 2022 were 439,701 units, an increase of 44% compared to the same period last year, and 405,278 units, an increase of 31% compared to the same period last year. The EV production and delivery numbers for the full year 2022 were 1,369,611 units, an increase of 47% compared to the previous year, and 1,313,851 units, an increase of 40% compared to the previous year.
In the company's 4Q 2021 earnings announcement released at the beginning of last year, the company's guidance for the full year of 2022 stated that the number of EV shipments would increase by more than 50% compared to the previous year. However, during the announcement of the 3Q 2022 earnings in October, the company's management indicated a downward revision in the growth rate of shipment numbers for the full year of 2022, falling below the previous year's 50% increase. On the other hand, the production volume for the full year of 2022 was expected to maintain the same 50% increase. As a result, both the production and shipment numbers of the company's EVs in 2022 fell below the company's plan.
The company's first large EV truck, the "Semi", was delivered to PepsiCo in the United States on December 1st of last year. During the announcement of the 3Q 2022 earnings, CEO Musk revealed that the company is aiming to achieve sales of 0.05 million units of the "Semi" in North America by 2024. He also mentioned that the development of a successor model with a cost that is about half of the main models, "Model 3/Y", is progressing, and that the production expansion of the new battery cell, "4680", has begun. In addition, he highlighted the defensiveness of the company's EVs against economic downturns. It was suggested that the impact of aggressive interest rate hikes by the U.S. Federal Reserve and concerns about an economic downturn in China would be limited.
On January 6th, the company made a significant price reduction for its main models, "Model 3" and "Model Y", for the Chinese market at its production facility in Shanghai, China. This marks the fifth price reduction for the company's EVs in the Chinese market since September 2022. Not only in the Chinese market, but also in the U.S. and Europe, the company implemented price reductions for EVs by January 13th. The price reduction in the U.S. reached a maximum of 20%. As mentioned earlier, as the development of EV technology advances, the manufacturing cost of EVs is expected to further decrease. Taking advantage of this, the company has launched an aggressive price reduction campaign to expand its market share in the EV market. While strengthening its production capacity without being influenced by economic trends, the company is also actively returning value to its shareholders. The company is considering implementing a share buyback program in the range of 50 to 100 billion dollars this year, and considering the cash and cash equivalents of the company, which amounted to 21.1-22 billion dollars at the end of 3Q 2022, it is expected that shareholder return measures beyond the company's plan can also be anticipated.
In the company's 4Q 2021 earnings announcement released at the beginning of last year, the company's guidance for the full year of 2022 stated that the number of EV shipments would increase by more than 50% compared to the previous year. However, during the announcement of the 3Q 2022 earnings in October, the company's management indicated a downward revision in the growth rate of shipment numbers for the full year of 2022, falling below the previous year's 50% increase. On the other hand, the production volume for the full year of 2022 was expected to maintain the same 50% increase. As a result, both the production and shipment numbers of the company's EVs in 2022 fell below the company's plan.
The company's first large EV truck, the "Semi", was delivered to PepsiCo in the United States on December 1st of last year. During the announcement of the 3Q 2022 earnings, CEO Musk revealed that the company is aiming to achieve sales of 0.05 million units of the "Semi" in North America by 2024. He also mentioned that the development of a successor model with a cost that is about half of the main models, "Model 3/Y", is progressing, and that the production expansion of the new battery cell, "4680", has begun. In addition, he highlighted the defensiveness of the company's EVs against economic downturns. It was suggested that the impact of aggressive interest rate hikes by the U.S. Federal Reserve and concerns about an economic downturn in China would be limited.
On January 6th, the company made a significant price reduction for its main models, "Model 3" and "Model Y", for the Chinese market at its production facility in Shanghai, China. This marks the fifth price reduction for the company's EVs in the Chinese market since September 2022. Not only in the Chinese market, but also in the U.S. and Europe, the company implemented price reductions for EVs by January 13th. The price reduction in the U.S. reached a maximum of 20%. As mentioned earlier, as the development of EV technology advances, the manufacturing cost of EVs is expected to further decrease. Taking advantage of this, the company has launched an aggressive price reduction campaign to expand its market share in the EV market. While strengthening its production capacity without being influenced by economic trends, the company is also actively returning value to its shareholders. The company is considering implementing a share buyback program in the range of 50 to 100 billion dollars this year, and considering the cash and cash equivalents of the company, which amounted to 21.1-22 billion dollars at the end of 3Q 2022, it is expected that shareholder return measures beyond the company's plan can also be anticipated.
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