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Tesla (TSLA, $896.20) beat Q3 earnings expectations
Tesla Inc. reported third quarter earnings that surpassed expectations. The electric vehicle maker also generated one of the widest profit margins in its history.
Tesla’s non-GAAP earnings for the three months ending in September surged +135% from the year-ago quarter to $1.86 per share, well above the Street consensus forecast of $1.59 per share.
Revenues rose +56.8% year-over-year to a record $13.757 billion, beating analysts' expectation of $13.6 billion.
Gross automotive margins for the quarter were 30.5%, rising +290 basis point year-over-year.
“EV demand continues to go through a structural shift. We believe the more vehicles we have on the road, the more Tesla owners are able to spread the word about the benefits of EVs," the company mentioned in a statement. "While Fremont factory produced more cars in the last 12 months than in any other year, we believe there is room for continued improvement. Additionally, we continue to ramp Gigafactory Shanghai and build new capacity in Texas and Berlin."
"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed," the company added. "We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry."
TSLA sees MACD Histogram crosses below signal line
TSLA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 08, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In 40 of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 83%.
Current price $769.59 is below $1117.32 the lowest support line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -22% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -11%.
The Momentum Indicator moved below the 0 level on April 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In 55 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
TSLA moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for TSLA crossed bearishly below the 50-day moving average on May 03, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 77%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for TSLA entered a downward trend on May 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TSLA's RSI Indicator exited the oversold zone, 15 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +5.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 253 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 67%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.41.
The Tickeron PE Growth Rating for this company is 96 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TSLA's P/B Ratio (23.364) is very high in comparison to the industry average of (2.903). P/E Ratio (104.167) is within average values for comparable stocks, (72.661). Projected Growth (PEG Ratio) (1.794) is also within normal values, averaging (1.483). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (14.045) is also within normal values, averaging (141.420).
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 14 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
The average market capitalization across the Motor Vehicles Industry is 31.9B. The market cap for tickers in the group ranges from 4.3M to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is GKIT at 4.3M.
- 5/10/22 5:36 AM: Tesla (TSLA, $787.11) saw a $120.0B market cap decrease this week
- 5/6/22 5:04 AM: Tesla (TSLA, $873.28), market cap dropped by $82.2B
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) saw a $73.7B market cap increase this week
The average weekly price growth across all stocks in the Motor Vehicles Industry was -1.73%. For the same Industry, the average monthly price growth was -9.54%, and the average quarterly price growth was -30.98%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) was a top weekly gainer, with a +8.07% jump
- 4/9/22 5:29 AM: Tesla (TSLA, $1,025.49) was a top loser this week, declining -5.45%
- 3/19/22 4:49 AM: Tesla (TSLA, $905.39) was a top weekly gainer, with a +13.84% jump
The average weekly volume growth across all stocks in the Motor Vehicles Industry was 46.76%. For the same stocks of the Industry, the average monthly volume growth was 82.63% and the average quarterly volume growth was 15.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.38.
47 stocks in the group of tickers exhibit a similar negative trend based on the Declines indicator with an average likelihood of 73%.
The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO (NYSE:NIO).
The average market capitalization across the group is 44.2B. The market cap for tickers in the group ranges from 30.2M to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is VLCN at 30.2M.
- 5/10/22 5:36 AM: Tesla (TSLA, $787.11) saw a $120.0B market cap decrease this week
- 5/6/22 5:04 AM: Tesla (TSLA, $873.28), market cap dropped by $82.2B
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) saw a $73.7B market cap increase this week
The average weekly price growth across all stocks in the group was -1.18%. For the same group, the average monthly price growth was -10.26%, and the average quarterly price growth was -37.39%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 5/14/22 4:23 AM: Lordstown Motors (RIDE, $2.45) is a top weekly gainer for penny stocks, rising +28.27%
- 5/14/22 4:22 AM: Great Wall Motor (GWLLF, $1.41) was a top weekly gainer, with a +11.02% jump
- 5/10/22 5:36 AM: Volcon (VLCN, $1.34) is a top weekly loser for penny stocks, falling -15.19%
The average weekly volume growth across all stocks in the group was 22.79%. For the same stocks of the group, the average monthly volume growth was 194% and the average quarterly volume growth was 135.56%
- 5/14/22 4:17 AM: The volume for Faraday Future Intelligent Electric stock increased for a consecutive 5 days, with an average daily gain of 86%
- 5/14/22 4:16 AM: The volume for Lordstown Motors stock increased for one day, resulting in a record-breaking daily growth of 292% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for Faraday Future Intelligent Electric stock increased for a consecutive 5 days, with an average daily gain of 92%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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