Tesla Set The Record in Vehicle Delivery Number. However, Experts’ Opinions as to Tesla Stock Value Vary.

July 7 2023

Tesla Set The Record in Vehicle Delivery Number. However, Experts’ Opinions as to Tesla Stock Value Vary.

The American electric car manufacturer Tesla delivered over 466,000 cars worldwide in the second quarter of 2023. This record of the company’s quarterly sales surpassed Wall Street’s expectations of 445,000 – 447,000 vehicles.

Another record is reached in car production. In the second quarter of 2023 Tesla produced 479,700 cars which shows a gap between production and delivery of only 13,560 units.

Though Tesla’s results are outstanding, investors are confident that this might not be sufficient to move Tesla stocks higher. 

The price cut implemented to boost the demand for cars has led to the shrink of the manufacturer’s profit by 24% in the first quarter.This year the company decided to cut prices by 14-25% only for car models in the USA.

Speaking of profitability, Tesla’s operating margin has dropped to 11,4% in the past three months of 2022. However, it is still the highest margin in the vehicle manufacturing industry.

Based on Tesla’s quarterly report, it is not easy to tell what will happen with the company’s stock at the start of trading. Experts have different and sometimes even opposite opinions.

Thus, Dan Ives, analyst at Wedbush, predicts the rise of Tesla’s shares value by July 4th, the USA holidays. 

Though the numbers are excellent, other experts expect opposite results.

Thus, Bernstein analyst Toni Sacconaghi forecasts that Tesla’s shares will lower to $150 per share due to the fact that the number of car deliveries exceeded that of orders. Combined with short low lead time the company might experience some issues with demand.

Tesla’s second quarter report is planned for July 19th. Wall Street predicts the decrease in earnings per share of about 77 cents. Though EPS is an important parameter, experts will probably focus on operating profit margins.

Based on the presented results, it is very probable that Tesla’s growth rates will slow down by 24% in the second half compared to the same period last year. Some investors even predict that Tesla’s shares value will touch the bottom in the second half of the year.

Subscribe Our Newsletter

Bithumb Crypto Exchange Bans Foreigners Without Mobile KYC
Bithumb Crypto Exchange Bans Foreigners Without Mobile KYC

Bithumb, a cryptocurrency exchange, is banning foreigners who have not completed a phone-based Know Your Customer (KYC) verification process.

Crypto
Amazon Is Splitting Its Stock. Why It Wants A Lower Share Price
Amazon Is Splitting Its Stock. Why It Wants A Lower Share Price

The Amazon split comes on the heels of Alphabet's announcement in February that it would split its shares 20-for-1 beginning July 15. In 2020, Apple will divide its shares four-for-one.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Anna

Explaining The Concept of Copy Trading
Trading can be overwhelming, especially if you are new to it. However, copy trading can help you gain profits without having extensive experience and knowledge.

discover
Best Technical Analysis Indicators.

Tamta

Best Technical Analysis Indicators

Throughout history, people have always looked for ways to make money, and trading has become a popular choice today. But successful trading isn't about luck or guesswork - it requires careful analysis to make the right decisions.

Trading
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.