January 2, 2025 | BYDDF, Daily JAM, Jubak Picks |
Today January 2, Tesla (TSLA) reported a big miss on fourth quarter deliveries. And an overall yearly drop in deliveries. For 2024, Tesla delivered 1.78 million vehicles, missing analyst estimates for 1.8 million, and a total below 2023’s 1.8 million vehicles delivered. It was the first year-over-year drop for Tesla. Shares fell 6.08% in the regular session on January 2. Meanwhile, China’s BYD (BYDDY) reported global deliveries of approximately 4.3 million passenger cars in 2024. Though 2.5 million of those were hybrids, BYD’s pure EV total was around 1.76 million for the year. Certainly within knocking distance of Tesla. The causes?
October 2, 2024 | BYDDF, Daily JAM, Volatility |
Tesla (TSLA) delivered 462,890 vehicles in the three months to 30 September. That was up 6.4% from the preceding quarter. But the delivery total missed Wall Street expectations for it to deliver 469,828 vehicles. That left the company facing the daunting task of delivering a record 516,344 vehicles in the fourth quarter in order to match its 2023 delivery figure of 1.81 million vehicles. A shortfall would result in Tesla recording its first ever annual drop in deliveries.
July 25, 2024 | BYDDF, Daily JAM, Stock Alerts |
Shares of Tesla (TSLA) fell 12.3% Wednesday July 24, after the company delivered bad financial news in its second quarter earnings report. If you own Tesla or are thinking of buying the shares on this tumble, or indeed you own any stock in the current market, you need to understand the exact nature of Tesla’s troubles.
July 1, 2024 | BYDDF, Daily JAM, Mid Term, Stock Alerts, Volatility |
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April 2, 2024 | BYDDF, Daily JAM, Jubak Picks, Morning Briefing |
Today, Tesla (TSLA) reported that it delivered just 386,810 vehicles in the first three months of the year. That was the biggest difference between actual sales and Wall Street sales estimates in data going back seven years, according to Bloomberg. Most analysts expected Tesla to sell more vehicles than a year ago. Instead, deliveries ended up dropping 8.5% year-over-year. And it was the first drop in year-over-year sales since the first year of the Covid-19 pandemic.
January 3, 2024 | BYDDF, Daily JAM, Jubak Picks, Top 50 Stocks, Volatility |
This change at the top of the electric car market was widely expected. The only debate was whether it take place in the last quarter of 2023 or early in 2024. Now, we know. With both Tesla (TSLA) and BYD (BYDDF) reporting fourth quarter delivery numbers in the last few days, the switch at No. 1 is now complete.
