Although Tesla posted better-than-expected earnings last year, its share price was not spared from falling. The delay in the release of the new model is reflected in investor sentiment.
According to CNBC on the 27th (local time), Tesla announced in its earnings conference call that it would not produce new vehicles within the year. Tesla CEO Elon Musk predicted that the semiconductor chip shortage will continue into the new year.
It is predicted that production of new cars will be difficult as supply chain restrictions will put a brake on plant operation. Despite the favorable performance in this trend, Tesla stock closed at $829.10 on the day, down 11.55% from the previous day, at $829.10.
Local experts also gave a positive view, focusing on Tesla’s leading position in the electric vehicle (EV) market, despite adverse factors such as delays in the production of new cars.
Emmanuel Rosner, a researcher at Deutsche Bank, gave a favorable diagnosis, saying, “Tesla’s business directions such as battery technology and cost management are accelerating the growth of the EV market.”
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Goldman Sachs analyst Mark Delaney said, “Tesla is the fastest growing company in the EV ecosystem.
Tesla announced on the same day that it recorded annual sales of $53.8 billion (about 64 trillion won) and net profit of $5.5 billion (about 6.6 trillion won) last year. Last year, a total of 936,172 units were delivered, an increase of 87% compared to the previous year.
