🚘🔋 Tesla Stumble Down As Price Cuts Make Plenny Kine Wala’au ‘Bout Margins; Da Big Electric Car Kine Announce One China Megafactory 🏭
Ho, bruddahs an sistahs! Get choke kine news fo’ all you guys ’bout da big kahuna Tesla (TSLA) dat wen announce Sunday dat dey goin’ make one new Shanghai facility fo’ build dea large energy storage units. Mean, yeah? But get dis, TSLA shares wen go down Monday aftah da Electric Vehicle giant wen cut prices in da U.S. Thursday night. 📉
So wat wen happen? Tesla wen show dea plan Sunday fo’ make one new Megapack factory in Shanghai, fo’ get mo’ action in da world’s bigges’ EV market. Dey wen say da Shanghai megafactory goin’ be able fo’ make 10,000 Megapacks every year. Right now, Tesla get one Megapack factory in Lathrop, California, where dey cranking out dea energy storage systems. 🌏🔌
Da global EV’s energy storage business get batteries from China’s CATL. 💡
Da new Shanghai Tesla megafactory goin’ join da one already dea in Shanghai fo’ make da Model 3 an Model Y cars. 🚗
Da talk is dat Tesla goin’ start build da plant in da third quartah an’ start making da tings by Q2 2024, as da Chinese state media outlet Xinhua wen repote. 📰
Da big boss Elon Musk wen go tweet Sunday dat da Shanghai Megapack factory goin’ “supplement output of Megapack factory in California.” 🐦
So aftah all dat, Tesla stock wen drop 3.6% Monday to 178.64 wen da market stay open. Da investors stay reacting to da price cuts dat Tesla wen make last week aftah U.S. markets wen stay closed Friday. 💵📉
🚘💰 Tesla Cut Prices Da global electric-vehicle makea wen cut Model S an’ X prices by $5,000 in da U.S., da tird time fo’ dis year. Da Model S now start at $84,990 an’ da Model X stay at $94,990. At da same time, Tesla wen cut U.S. Model 3 prices by $1,000 to $41,990 fo’ da entry-level kine. Da Model Y wen go down $2,000 to $49,990. 🤑
Earlier in da week, Tesla wen cut Model 3 an’ Y prices one mo’ time in Australia. Tesla wen cut prices in China on Jan. 6, aftah big kine cuts in late October. Da global EV makea wen cut prices plenny in da U.S. an’ Europe on Jan. 13. Den, da company wen cut European prices again in early March. 🌍💲
All dem price cuts an’ new U.S. EV credits wen help fo’ make first-quartah deliveries one new record, but neva’ hit da FactSet views. Production wen stay mo’ fasta’ den deliveries, wit Model S an’ X output almost two times higha’ den sales. 🏭🚛
Da most recent U.S. vehicle price cut stay ‘head of da time fo’ put new battery an’ mineral component requirements fo’ da full Inflation Reduction Act $7,500 tax credit fo’ EVs. 📜💸
Da Biden administration wen announce on March 31 dat vehicles eligible fo’ da full $7,500 tax credit gotta get batteries wit specific amounts of components from North America an’ critical minerals sourced in da U.S. o’ from certain countries. 🌎🇺🇸
Vehicles dat meet one of da critical minerals o’ battery components requirements goin’ be eligible fo’ one $3,750 tax credit. 💳
Da battery criteria goin’ start April 18, an’ den get one list of models dat qualify fo’ da full $7,500 tax credit. 🗓️
Da Model 3 get one battery from China. Tesla’s Model 3 page on dea website get one banna tellin’ EV shoppas dat da “$7,500 tax credit goin’ be cut to $3,750 fo’ Model 3 Rear-Wheel Drive on April 18.” 🇨🇳🔋
📉 Tesla Stock TSLA wen lose almost 11% to 185.06 last week aftah dea Q1 delivery report. Tesla stock wen dive undah one 200.76 cup-with-handle buy point an’ dea 50-day moving average dis week. 📊
Tesla stock wen make its base below da 200-day line, which stay like one warning sign. TSLA stay workin’ on one new handle, already get ‘um on one weekly chart, wit one 207.89 buy point, ‘cording to MarketSmith analysis. 📈
Tesla earnings fo’ da first quartah stay due April 19, when investors goin’ see how price cuts wen hit profit margins so far. 💼📆
Citigroup (C) analyst Itay Michaeli wen write Monday dat Tesla’s price cuts neva’ surprise, but goin’ put mo’ kine focus on Q1 gross margins. Stronga’ den expected gross margins goin’ show dat Tesla’s price trimming actions come from one position of cost strength while also reflectin’ lowa’ input costs, ‘cording to Michaeli. 💪📊
An’ den, Wolfe Research analyst Rod Lache wen write Monday dat while U.S. price cuts might make plenny kine questions ’bout vehicle demand, get “significant cost reduction ahead” fo’ Tesla. 🧐💰
Lache wen add dat new investments in Tesla Energy stay likely unda’appreciated by investors. Wolfe Research keep one “Peer Perform” rating on Tesla stock wit Lache sayin’ he no goin’ be surprised fo’ see one negative short-term reaction in TSLA share price on top da news of da price cuts. 😯📉
So das da scoop, bruddahs an’ sistahs! Get plenny kine action goin’ on wit Tesla an’ dea moves in da market. Gotta keep one eye on ‘um fo’ see wat goin’ happen next! 🤙👀
NOW IN ENGLISH
Tesla Stock Slumps as Price Cuts Put Pressure on Margins; EV Titan Announces China Megafactory 🚘⚡🏭
Tesla (TSLA) announced on Sunday that it will build a new facility in Shanghai to manufacture its large energy storage units. TSLA shares dropped on Monday after the EV titan implemented additional U.S. price cuts on Thursday night. 📉🌏
Tesla revealed plans on Sunday to build a new Megapack factory in Shanghai, bolstering its presence in the world’s largest EV market. The company stated that its Shanghai megafactory will be capable of producing 10,000 Megapacks per year. Tesla already operates a Megapack factory in Lathrop, California, where it is ramping up production of its energy storage systems. 🏭🇨🇳
The global EV energy storage business relies on batteries from China’s CATL. A Shanghai Tesla megafactory would complement Tesla’s current Shanghai factory, which produces its Model 3 and Model Y vehicles. 🚗🔋
Tesla is expected to break ground on the plant in the third quarter and start production in Q2 2024, according to Chinese state media outlet Xinhua. CEO Elon Musk tweeted on Sunday that the Shanghai Megapack factory will “supplement output of Megapack factory in California.” 📅🚧
Tesla stock fell 3.6% on Monday to 178.64 during market trade. Investors are reacting to last week’s Tesla price cuts after U.S. markets were closed on Friday. 📉💰
Tesla Cuts Prices The global electric-vehicle maker reduced Model S and X prices by $5,000 in the U.S., marking the third price reduction this year. The Model S now starts at $84,990, while the Model X begins at $94,990. Meanwhile, Tesla cut U.S. Model 3 prices by $1,000 to an entry price of $41,990. The Model Y was reduced by $2,000 to $49,990. 🚘💵
Earlier in the week, Tesla also cut Model 3 and Y prices in Australia once more. Tesla trimmed prices in China on January 6, following substantial cuts in late October. The global EV maker also significantly reduced prices in the U.S. and Europe on January 13. The company lowered European prices again in early March. 🌍✂️
These price cuts and new U.S. EV credits boosted first-quarter deliveries to a record high, but fell short of FactSet views. Production outpaced deliveries once again, with Model S and X output nearly twice as high as sales. 📈🔧
TSLA’s most recent U.S. vehicle price cut is ahead of the implementation of new battery and mineral component requirements to qualify for the full Inflation Reduction Act $7,500 tax credit for EVs. 🚗🔋
The Biden administration announced on March 31 that vehicles eligible for the full $7,500 tax credit must have batteries with specific amounts of components from North America and critical minerals sourced in the U.S. or from certain countries. 🌎🇺🇸
Vehicles that meet one of the critical minerals or battery components requirements will be eligible for a $3,750 tax credit. 💳
The battery criteria go into effect on April 18, when a list of models that qualify for the full $7,500 tax credit will be issued. 🗓️
The Model 3 contains a battery from China. Tesla’s Model 3 page on its website displays a banner informing EV shoppers that the “$7,500 tax credit will be reduced to $3,750 for Model 3 Rear-Wheel Drive on April 18.” 🚗🔋💵
Tesla Stock TSLA lost nearly 11% to 185.06 last week following its Q1 delivery report. Tesla stock plunged below a 200.76 cup-with-handle buy point and its 50-day moving average this week. Tesla stock built its base below the 200-day line, which is often considered a warning sign. TSLA seems to be working on a new handle, already visible on a weekly chart, with a 207.89 buy point, according to MarketSmith analysis. 📈📊
Tesla earnings for the first quarter are due on April 19, when investors will see how price cuts have impacted profit margins so far. 📅💼
Citigroup (C) analyst Itay Michaeli wrote on Monday that Tesla’s price cuts were not a surprise but will place an even greater emphasis on Q1 gross margins. Stronger-than-expected gross margins would support the idea that Tesla’s price trimming actions come from a position of cost strength while also reflecting lower input costs, according to Michaeli. 📝💡
Meanwhile, Wolfe Research analyst Rod Lache wrote on Monday that while U.S. price cuts may raise questions about vehicle demand, there is “significant cost reduction ahead” for Tesla. 💸🔧
Lache added that new investments in Tesla Energy are likely underappreciated by investors. Wolfe Research maintains a “Peer Perform” rating on Tesla stock, with Lache stating that he wouldn’t be surprised to see a negative short-term reaction in TSLA share price due to the news of the price cuts. 🌟🔋
