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 Tesla just had its worst year in history but smart Tesla holders keep buying more stock in today's video it'll be discussing exactly why hello everyone you're watching trade daily like And subscribe to get all the latest news on your favorite stocks now let's get into the news we'll start this oof by looking at Tesla's stock price today is share Prof Tesla stock is trading at 181 dollars per share up eight percent at the time of recording but over the past year Tesla stock fell

sharply on economic concerns but the future still looks bright for the electric car company Tesla ranked among the five worst performing stocks in the S P 500 last year as its share price nosedive nearly 70 percent racing roughly 850 billion dollars from its market cap the company has never suffered a sharper decline at any point in its history and several factors contributed to that Monumental Fall From Grace throughout the year supply chain problems Factory closures in China and Logistics bottlenecks play Tesla on the

supply side while high inflation and Rising interest rates acted as a headwind on the demand side but keep in mind the company's fundamentals stayed strong through the chaos at Tesla still managed to deliver 1.3 million vehicles in 2022 up 40 from the prior year but that number fell short of Management's guidance which calls for 50 average annual growth in deliveries over a multi-year horizon the stock rebounded slightly so far in 2023 but it is still 57 off its high here's why investors should treat the

current situation as if buying opportunity the company is far from crumbling and still dominates the EV Market we see here that Tesla accounted for 18.1 percent of battery electric vehicle sales through to November 2022 putting more than five percentage points ahead of the next closest competitor Chinese automaker by Deep unfortunately that means Tesla actually lost three percentage points of market share as it navigated obstacles last year meanwhile byd gained four percentage points of market share as it

managed to avoid the kava-driven factory closures in China that hurt Tesla this may be due to some favoritism from the CCP but that's just speculation at this point on the bright side Tesla still delivered impressive Financial results in 2022 Revenue climbed 51 to 81.5 billion dollars and GOP earnings soared 122 to 3.62 dollars per share better yet the company took the crown for most efficient volume car maker on the planet a very impressive stack considering the car company isn't even 20 years old yet

Tesla reported an industry-leading operating margin of 16.8 percent in 2022 an accomplishment that CEO Elon Musk attributes to unmatched manufacturing technology for example Tesla can produce battery packs the most expensive part of an electric car at a lower cost per kilowatt hour than any other automaker that Advantage is expected to persist through the end of the decade according to Karen Energy Research advisors another one that comes to mind is the Revolutionary give a press they utilize in order to make the car body

looking ahead Tesla is set to become even more efficient in the years ahead the company is ramping up production at tuned factories one of which is in Berlin that will reduce Logistics cost by localizing its business in Europe the second largest Electric market in the world better yet there is a significant margin upside with full self-driving FSD software which was recently released in beta to all customers in North America in fact management expects FSD technology to become the most important

source of profitability for Tesla in the long run because when you really think about it this technology will use an all public and private transport across the world May 9 Tesla is already preparing to dominate a trillion dollar market before it even exists the future looks bright for Tesla as some analysts have voiced concerns about waning demand especially with high inflation and Rising interest rates putting pressure on consumer spending but musk addressed those concerns during the latest earnings call assuring

investors that demand far exceeds production in fact musk said the company is currently receiving orders at nearly twice the rate of production that bodes well for Tesla suggesting that demand remains High despite a difficult economy with that in mind global electric vehicle sales are expected to grow at 23 annually to reach 1.1 trillion dollars by 2030 according to precedence research however that figure is only part of a larger opportunity the autonomous vehicle Market will grow at 40 percent

annually to approach 2.2 trillion dollars by 2030 according to research in markets and Tesla is perhaps better positioned to benefit from that Tailwind than any other automaker must as the third generation autopilot Hardware is still the most efficient artificial intelligence inference computer in the world and the fourth generation Hardware will likely be released in the near future additionally data is the Cornerstone of artificial intelligence and with over 100 million miles driven on FSD beta

Tesla has more data than its peers in other words the company is well positioned to be the first to Market with a fully autonomous vehicle there is also another angle to the FSD software Tesla plans to produce a robotaxi in 2024 to support the launch of an autonomous ride hailing service and that could be a game changer for the business according to Arc invest autonomous ride hailing platforms could generate two trillion dollars in profits by 2030. possibly launching the stock price to ten thousand dollars per share

Tesla stock is worth a premium while Tesla has seen its valuation cut in half the stock is still priced at a premium compared to other automakers currently shares trade at 8.2 times sales and 54.9 times earnings those are pricey valuations by any standard but the current valuation multiples also represent a significant discount to the three-year averages of 15.7 times sales and 476.8 times earnings more importantly if Tesla realizes its Ambitions regarding FSD technology and autonomous ride hailing its current share price may look

like a bargain a decade down the road during a latest earnings call musk once again asserted his belief that Tesla will be the most valuable company on Earth he also said Tesla has a more exciting product roadmap than any company in any industry that's why investors should buy a few shares of this growth stock today all this is why I believe teslam is the future some may argue that its current price is inflated but when you look at what the company has accomplished so far and the direction it's heading it's most

definitely a barge in for the long term downright steal if you ask me but with that we've come to the end of our video I quote D like to thank you all for watching this far I'd also like to remind you all that this is only for news and entertainment and should never be used as investment advice could be eat