TESLA STOCK ALERT APRIL 2022
The last month has been a busy time for Tesla. The company continues to make huge strides forward in production, innovation, and efficiency while working through the most difficult supply chain fallouts we have seen in this century. While other automakers struggle to keep up with pent-up demand due to the pandemic Tesla finds ways to match its Q4 numbers. Since March 14th Tesla’s stock has rallied 21% in another bull run.
TESLA STOCK PRICE
TESLA (TSLA) stock slumped in January and February following inflation, interest rates rising, and the war in Ukraine causing a market shift. Meanwhile, Tesla Gigafactory Shanghai has plagued progression for Tesla as demand is through the roof but the city of Shanghai has been shut down on and off for the past month due to a late Covid surge in China affecting the stock price.
The shutdown has given Tesla flat production out of Shanghai between February and March with over 55,000 vehicles produced in March. That’s down over 18% since January Shanghai produced over 68,000 Tesla vehicles. Despite being shut down in March and April — Tesla was able to sell 65,814 cars in March — up 16%. That’s over 88 cars an hour.
March 15th Price increases for Tesla vehicles due to immense demand that cannot be met due to inflation in raw materials and logistics. From the 15th onward the stock went on an eight-day run as the company prepared to open its factory in Germany and people bought into Tesla.
March 22nd Tesla opens Gigafactory Berlin-Brandenberg
March 24th Hertz’s Tesla order for 100k vehicles included Model Ys, which will be available in late April. The deal worth $4.2 billion will add Model Y to their fleet while Model 3’s has been available at some airports across the nation.
March 25th Tesla crosses the $1 Billion Market Cap. It’s the third time to do so in its history (previously October and December).
March 28th Tesla’s last stock split in August, 2020. Tesla proposed offering a dividend to shareholders via stock split and adding shared3/28. This will be voted on by shareholders in its annual meeting later this year. The SEC 8K filing by TESLA can be found in the link: https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459022011875/tsla-8k_20220328.htm
Here are some other companies proposing or announcing stock splits: Amazon, GameStop, Alphabet (Parent company of Google), and Shopify. Stock buybacks have been popular recently also while April remains a dominant month for stocks.
March 30th Tesla has been getting involved in securing raw materials required to build its vehicles in batteries including Lithium and Nickel which prices have spiked. Tesla signed an agreement with VALE S.A for nickel supply from Canada. Tesla recently has become more vocal about getting into the business of mining raw materials themselves becoming an integrated company focusing on upstream and downstream operations such as Chevron with oil and gas.
April 2nd/4th Tesla posted record deliveries — while less than expected: https://www.sec.gov/Archives/edgar/data/1318605/000156459022013264/tsla-ex991_6.htm
April 4th Elon Musk revealed his large position on Twitter which sent Twitter prices skyrocketing by 27%. Twitter’s CEO welcomed Elon to their board of directors.
SEC filings by Elon Musk:
https://www.sec.gov/Archives/edgar/data/0001494730/000110465922041911/tm2211482d1_sc13g.htm
https://www.sec.gov/Archives/edgar/data/0001494730/000110465922042863/tm2211757d1_sc13d.htm
April 6th Tesla Investors were concerned Musk is branching out on too many projects while his main focus is Tesla and SpaceX.
April 7th Gigafactory Texas opened with the Cyber Rodeo event.
-Ron Baron sat down with CNBC regarding TESLA. Baron Capital invested nearly $400 million in Tesla between 2014 and 2016 averaging $50 a share. With a value of $6.2 billion, nearly 12.8% of all assets under management are Tesla.
