Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter. But reasons for the selloff go well beyond the social-media company. WSJ’s Sean McLain explains. Photo illustration: Amber Bragdon/Getty ImagesTesla Inc. is poised to report record quarterly profit for the final three months of 2022 as Wall Street hungers for clarity on the company’s growth plans in light of apparent demand weakness.
Elon Musk‘s electric-car maker is forecast to report nearly $3.8 billion in fourth-quarter profit, up around 62% from a year earlier, according to analysts surveyed by FactSet , even as vehicle-delivery growth slowed.
Record profits yesterday and said it would work to try to speed up its car production to 2 mill + in 2023.
TSLA pre-earnings walk around with WSJ sherpa. The bottom line is inconclusive.
Good morning
the whole maga-world bought those 'cars'. aha.
Way to go, Elon! Let's put all those skeptics in the back seat.
One thing I don't understand... If companies are doing so well financially, defy expectations, even better, why then reduce their workforce? These expectations and earnings reports are easily manipulated in my opinion...