Tesla stock has skyrocketed in the last month. It was $102 when you guys were crowing about Elon killing it. It’s now at $167, and up $7.25 on the day so far. The other car stocks and EV stocks are not doing the same.
Tesla just reported their revenue was up 55% year over year, net earnings up over 100%, and their gross margin on their cars was 26%, which is more than double that of Ford, and significantly higher than GM, Toyota, and other major car makers. Tesla has cut 20% from the price of their cars while the others are raising prices.
Last quarter was the best in their history for revenue and profit.
SpaceX is setting new records for launches, lowering costs, and Starship just had a full wet dress rehearsal and is now heading for a full static fire. There are rumors that Starlink may go public this year with an initial valuation of at least $70 billion. It may eventually be worth hundreds of billions.
Twitter is running fine, has had more new feature rollouts in the last month than it has in years. Musk has cut costs by 70%, but lost ad revenue of about 40%. Twitter is probably now close to breakeven, with lots of upside. Twitter blue has so far taken in about 325,000 subscriptions, and just rolled out.
Total users are way up, according to The Verge: