tesla

Tesla Deliveries Rise to a Record High: Should You Buy the Stock?

Mohit Oberoi

Yesterday, Tesla reported its deliveries for the third quarter. The Elon Musk-run company delivered 241,300 cars in the quarter which were way ahead of estimates. Tesla delivered 232,025 Model 3/Y in the quarter while the remaining 9,275 were Model S/X. Over the last couple of years, the share of higher-priced Model S/X in the company’s…

tesla

How Would the Chip Shortage Impact Tesla?

Mohit Oberoi

The global chip shortage situation is taking a toll on automotive companies. Tesla would soon release its third-quarter deliveries which would provide insights into how much the chip shortage situation is impacting the company. Chinese electric vehicle makers NIO and Li Auto have already lowered their delivery guidance for the third quarter. Earlier this month,…

tesla

Tesla Sees Delivery Delays but Wood Reiterates $3,000 Target Price

Mohit Oberoi

Cathie Wood of ARK Invest, who is among the most prominent Tesla bulls, has reiterated the $3,000 target price for the EV (electric vehicle) company even as TSLA admitted to delays in the delivery timelines for upcoming models. Tesla had unveiled its Cybertruck pickup in 2019 with much fanfare. While the event was marred by…

tesla

Tesla Raises Car Prices as Material Inflation Hurts Profitability

Mohit Oberoi

Tesla has been raising prices for its electric cars amid a massive increase in input costs. Apart from higher input costs, automakers are also battling a severe chip shortage that is hurting production. There has been cost-push inflation for automakers with prices of key raw materials like steel, copper, and aluminum rising. Steel prices are…