Syz the moment

Tesla Q1 revenues fell 8.7% over the last year, the biggest decline since 2012. Net Income fell 55% YoY to $1.1 billion. Gross margins moved down to 17.4% in Q1 from 19.3% a year ago and 29.1% two years ago The company said in the deck that it’s accelerating the launch of “new vehicles, including more affordable models,” that will “be able to be produced on the same manufacturing lines” as Tesla’s current lineup. Tesla is aiming to “fully utilize” its current production capacity and to achieve “more than 50% growth over 2023 production” before investing in new manufacturing lines. NB: The company also revealed that NONE of their Bitcoin was sold despite recent speculation. Source: The Kobeissi Letter, CNBC

• Deliveries -9% Y/Y to 386K. • Revenue -9% Y/Y to $21.3B ($1.0B miss). *Automotive -13% *Energy Gen. & Storage +7% • Gross margin 17% (-2pp Y/Y). • Operating margin 5% (-6pp Y/Y). • Capex +34% Y/Y to $2.8B. • Free cash flow (outflow) ($2.5B). • Non-GAAP EPS $0.45 ($0.05 miss) and -53% yoy Source: App Economy Insights

TESLA SPENT 1 BILLION DOLLARS ON AI INFRASTRUCTURE OVER THE LAST 3 MONTHS $TSLA Source: Gurgavin

Stock is down -5% today and now down -33% year-to-date... Source: Consensus Guru

1. "....lowering Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red Sea conflict/power loss) and market headwinds... 2. Overall we reduce our EPS estimates including SBC to $2.15/$3.80/$5.00 from $2.45/$4.40/$5.40 for 2024/2025/2026... 3. Our 12-month price target is now $190 (from $220 prior), and is based on 50X (unchanged) applied to our updated Q5-Q8 EPS estimate..." source : goldman sachs, tme

Moving from a record high of $67,900 in July 2022 to a record low of $32,984 today. That's a 51% decline. $TSLA

Source: Bloomberg

Source: Visual Capitalist