Tesla Q4: Mixed Quarter, Stock Jumps As Musk Dismisses Inventory Concerns

Summary:

  • Tesla’s Q4 report proved to be less worse than feared, with a slight beat on revenue ($24.32B vs. est. $24.15B) and EPS ($1.19 vs. est. $1.13).
  • Just like the Q3 ER call, Elon Musk once again provided a lot of hopium and reiterated his claim that “Tesla will be the most valuable company on this planet”.
  • Unlike the last quarterly report, Mr. Market seems to be buying into Musk’s hopium, with Tesla’s stock up ~5.5% in the after-hours session.
  • While Tesla’s stock has now rebounded by ~50% off its recent lows, it is still undervalued. Technically, Tesla is heading into resistance, and this is why the rally may end soon.
  • Considering the risk/reward on offer, I rate Tesla a buy at $152, with a strong preference for slow accumulation via a 6-12 month DCA plan.

Electronic Car Maker Telsa Reports Quarterly Earnings

Justin Sullivan

Brief Overview Of Tesla’s Q4 Report

After posting yet another mixed quarterly report, Tesla’s (NASDAQ:TSLA) shares closed at $152.35 (up ~5.48%) in the after-hours session. In Q4, Tesla’s revenue of $24.32B and non-GAAP EPS of $1.19 came in slightly ahead of street estimates; however, its automotive gross

Tesla Q4 Earnings Deck

Tesla Q4 Earnings Deck

Tesla Q4 Earnings Deck

Tesla Q4 Earnings Deck

Tesla Q4 Earnings Deck

Tesla Q4 Earnings Deck

TQI Valuation Model TQIG.org

TQI Valuation Model (TQIG.org)

TQI Valuation Model TQIG.org

TQI Valuation Model (TQIG.org)

WeBull Desktop

WeBull Desktop


Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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