Tesla to recall Model 3s in China due to faulty semiconductor components

  • China's market regulator indicated that Tesla (NASDAQ:TSLA) will recall a total of 127,785 units of Model 3 cars in China due to potential faults in semiconductor components that might lead to collisions.
  • The cars manufactured between January 2019 and January 2022, with 34,207 units imported and 93,578 units made in China, will be recalled, reports Reuters as cited by the State Administration for Market Regulation website.
  • The Beijing and Shanghai branches of Tesla will upgrade the motor control software for vehicles within the scope of recall free of charge through OTA technology.
  • It was known this week that its Shanghai factory will remain in lockdown until at least Apr. 8 amid rising COVID cases.
  • As of February 2022, the firm has launched a total of 16 recalls in the past six months, including 11 recall cases in the U.S., three in China and one in Canada; all of its mass-produced models are involved in the recalls.

    Over the current book year the total revenu from the company based in Palo Alto will be 86.96 billion USD (consensus estimates). The expected revenue would be a record for the company. This is hugely more than 2021's revenue of 53.82 billion USD.

    Historical revenues and results Tesla plus estimates 2022

    aandelenanalyses

    The analysts expect for 2022 a net profit of 14.1 billion USD. According to most of the analysts the company will have a profit per share for this book year of 12.32 USD. The PE-ratio therefore is a significant 77.32.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals an attractive 2.78 percent.

    Recent target prices around 619 USD

    The most recent recommendations for the automobile producer are from JP Morgan, ABN AMRO and RBC Capital Markets.

    Tesla's market capitalization is based on the number of outstanding shares around 914.52 billion USD. 42

    On Wednesday the stock closed at 952.62 USD.

    Price data Tesla 2010-2022

    stock analysis tesla

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