Here’s Tesla’s live course.
According to Elon Musk, this financial abyss is explained by a shortage of electric batteries on the market, due in particular to port problems in China where several materials are blocked. This leads to the production of a “tiny” number of cars.
Consequences to be expected
One of the first consequences of the difficulties encountered on the gigafactories of You’re here relates to employment. The American giant has already dismissed 500 workers of the Nevada plant in early June and the CEO announced a 10% reduction in all staff.
In addition, a drop in vehicle deliveries is to be expected for the second part of 2022, with a figure of 273,000 put forward by FactSet analysts, against 310,000 in the first quarter. This would represent a first for two years, in the variations of deliveries from one semester to another.
We also observe the same trend on the side of brokers since Credit Suisse has revised downwards its price target from 1125 to 1000 dollars, taking into account an EPS estimate reduced from 2.06 to 1.10 dollars for the second quarter of 2022.
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