Finimize - 🚙 Tesla takes a hit

Hi Reader, here's what you need to know for October 4th in 3:12 minutes.

📞 Listening to investing experts is always a solid tactic, but few of us are lucky enough to have Warren Buffett on speed dial. Well, this is (almost) just as good: join Nasdaq’s Kevin Davitt for How The Pros Navigate Stock Market Volatility – the first of our workshops about investing in your 20s and 30s – on Thursday, and find out how to handle risk like the experts. Grab your free ticket today

Today's big stories

Tesla delivered fewer cars than expected last quarter
Our survey showed Finimizers are feeling pretty nervous about markets – Read Now
Reports claimed OPEC+ might cut oil production

Signed, Sealed, Not Delivered

What’s Going On Here?

Tesla announced over the weekend that it delivered fewer cars than analysts expected last quarter.

What Does This Mean?

The ongoing soap opera of Elon Musk’s Twitter takeover has been so engrossing that you might have forgotten about Tesla, so let’s get you up to speed: the firm just announced the number of cars it delivered last quarter – a hotly anticipated figure that underpins the carmaker’s financial results. The good news is that the firm delivered a record 344,000 cars, up 42% on the same time last year (tweet this). But the bad news is that all-time high still underwhelmed demanding analysts, and also came in well below the 366,000 cars Tesla produced. That gap comes down to logistical problems that are making it hard for the company to actually get cars onto customers’ driveways.

Why Should I Care?

Zooming in: Put the pedal to the metal.
Logistical issues aren’t the only ones Tesla’s contending with right now. The price of lithium – the key metal in EV batteries – jumped to a record high last week, and a pound of the stuff now costs roughly three times what it did a year ago, and a whole ten times more than back in July 2020. Those higher prices have put battery and EV manufacturers in an awkward position: either they swallow the costs and watch their profit margins shrink, or jack up prices and risk losing customers.

The bigger picture: Promising policy.
Tesla might actually get away with hiking prices in the US – its biggest market – thanks to the recently signed Inflation Reduction Act. The package extends measures offering tax credits worth $7,500 to consumers buying new EVs. And while that's not totally new, the tax credit previously had a 200,000-car limit that meant customers of EV giants like Tesla – which had sold more cars than that in the US – were no longer eligible. But now that cap’s out the window, Tesla can count on a tidy increase in demand.

You might also like: How to value Tesla.

Copy to share story: https://www.finimize.com/wp/news/signed-sealed-not-delivered/

🙋 Ask a question

Analyst Take

Spooky Season Started Early

By Daniel Johnston, Analyst

There’s still a while to wait before Halloween – don’t let Starbucks’ pumpkin spice promos fool you.

But it looks like you guys are getting the seasonal scaries a bit early: the results of our latest Casual Investor Survey show you’re properly spooked by the state of the economy and markets.

But if you’re willing to put your bravest foot forward, there are still some treats to be found among the tricks.

That’s today’s Insight: why Finimizers are spooked by markets, and how you might be able to dodge the ghouls haunting them.

Read or listen to the Insight here

Your brand could represent the new investing era

The second Finimize Modern Investor Summit will celebrate the new era of investing.

So if your brand or product is helping to create the next generation of investing opportunities, our summit is the ideal place to showcase your potential.

Feature your product during speaker slots, fireside chats, and expert Q&A panels, and you’ll be able to directly engage with an engaged audience and demonstrate your brand’s true power.

Thousands of retail investors attended the Modern Investor Summit last year, so don’t miss your chance to get your product in front of our community this December.

Put your brand in the spotlight.

Find Out More