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Tesla Stock


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  • 3 weeks later...
On 1/9/2021 at 10:52 AM, rperez817 said:

Tesla is expected to report Q4 2020 earnings on February 3, 2021.

 

Tesla actually posted 2020 Q4 and full year earnings today. Q4 and FY2020 Update (thron.com)

 

Highlights.

  • Free cash flow of $2.8B in 2020 full year and $1.9B in Q4 2020
  • $4.9B increase in cash and cash equivalents in Q4, to $19.4B
  • $721M GAAP net income in 2020 full year and $270M in Q4 2020
  • Operating margin 6.3% for 2020 full year and 5.4% in Q4 2020
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1 hour ago, rperez817 said:

 

Tesla actually posted 2020 Q4 and full year earnings today. Q4 and FY2020 Update (thron.com)

 

Highlights.

  • Free cash flow of $2.8B in 2020 full year and $1.9B in Q4 2020
  • $4.9B increase in cash and cash equivalents in Q4, to $19.4B
  • $721M GAAP net income in 2020 full year and $270M in Q4 2020
  • Operating margin 6.3% for 2020 full year and 5.4% in Q4 2020

You failed to mention their earnings were lower than expected.

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53 minutes ago, jcartwright99 said:

You failed to mention their earnings were lower than expected.

 

Thank you jcartwright99 sir. Here is a Reuters article that provides details on the underwhelming results for Q4. Tesla underwhelms Wall St with hazy 2021 delivery outlook, profit miss | Reuters

 



Tesla Inc's ( TSLA ) fourth-quarter profit fell short of Wall Street expectations on Wednesday and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 5% in extended trade.

The disappointing results come after shares of the electric carmaker led by CEO Elon Musk surged nearly 700% over the past 12 months, a valuation rooted in expectations that Tesla will quickly and profitably expand.

Investors had hoped for a significant increase over the company's 2020 delivery goal of half a million vehicles, but Tesla provided only a vague outlook and did not state a concrete delivery goal.

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  • 1 month later...

Interestingly enough, during that same time 6-month time period you would have gotten an equivalent return on F. That is, in at $7 out at $12.50. Of course, go back a full year and it's a different story!

Edited by Gurgeh
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  • 1 month later...

Tesla Q1 2021 results. Q1 2021 Update (thron.com)

 

Highlights.

  • $2,385M automotive gross profit; 26.5% automotive gross margin
  • Operating cash flow less capex (free cash flow) of $293M
  • $594M GAAP operating income; 5.7% operating margin
  • $438M GAAP net income; $1.1B non-GAAP net income
  • Model 3 was the best-selling premium sedan in the world
  • Record vehicle production and deliveries in Q1
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51 minutes ago, rperez817 said:

The $594M figure is for operating income in Q1 2021. Net income (GAAP) was $438M.

 

From Tuesday's Autoline Daily, Tesla's profit comes from selling EV credits and from the selling off some Bitcoin they had.  They did not make any money from the sales of their vehicles.

 

"One reason investors may have been looking for more is that Tesla earned $518 million from selling EV credits. And it pocketed over $100 million from selling some of its Bitcoin stash. If you take those numbers out, then Tesla actually lost money on its core operations. So some investors may be waiting for Tesla to post a profit simply from selling cars." 

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On 4/28/2021 at 5:47 PM, mackinaw said:

 

From Tuesday's Autoline Daily, Tesla's profit comes from selling EV credits and from the selling off some Bitcoin they had.  They did not make any money from the sales of their vehicles.

 

"One reason investors may have been looking for more is that Tesla earned $518 million from selling EV credits. And it pocketed over $100 million from selling some of its Bitcoin stash. If you take those numbers out, then Tesla actually lost money on its core operations. So some investors may be waiting for Tesla to post a profit simply from selling cars." 

The Financial Times reports that Telsa will be losing its income from lucrative EV credits formerly sold to FCA. The newly-formed Stellantis will no longer need them, apparently. This only affects a portion of Telsa's EV credit income, but with other automakers bringing more of their own BEVs into production Tesla may see further reductions in these sales. See:

 

https://www.greencarreports.com/news/1132162_stellantis-won-t-need-tesla-emissions-credits-ev-maker-set-to-lose-hundreds-of-millions

"Tesla has relied on selling emissions credits to boost its revenue, and Fiat Chrysler Automobiles (FCA) has been one of its biggest clients. But now that FCA has merged with the PSA Group to form Stellantis, it won't need Tesla emissions credits anymore, the Financial Times (subscription required) reported this week, based on executive comments...

 

"As analysts have pointed out, at several times, deals like that have been the difference between a profitable Tesla quarter and an unprofitable one. Tesla made $518 million selling emissions credits in the last quarter, while reporting a net profit of $438 million..."

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  • 2 months later...

Tesla reported Q2 2021 financials today. Highlights. Q2 2021 Update (thron.com)

  • Total revenue grew 98% YoY in Q2
  • $1.3B GAAP operating income; 11.0% operating margin in Q2 (first time in Tesla's history of quarterly operating income > $1B)
  • 28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2
  • Record vehicle production and deliveries in Q2

TSLA closed at $658.

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  • 2 months later...

Tesla reported Q3 2021 financials yesterday. Highlights. 2021 Q3 Quarterly Update Deck (thron.com)

  • Best ever net income, operating profit, and gross profit in Q3
  • Operating margin of 14.6% in Q3
  • 30.5% GAAP Automotive gross margin (28.8% ex-credits) in Q3
  • Record vehicle production and deliveries in Q3

TSLA is above $890 as of 1 PM Central on October 21.

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  • 5 months later...

Q1 2022 financials for Tesla were released yesterday. TSLA shares have been between $1,053 and $1,092 a share so far today. Q1 2022 Update (thron.com)

 

Highlights.

  • Operating cash flow less capex (free cash flow) of $2.2B in Q1
  • $3.6B GAAP operating income; 19.2% operating margin in Q1
  • 32.9% GAAP Automotive gross margin in Q1
  • Production & Deliveries started from Gigafactory Berlin in March 2022
  • Production & Deliveries started from Gigafactory Texas in April 2022

GrussGott mentioned the following in another thread.

No company in the history of auto making has ever made more margin per vehicle than Tesla is making right now at the scale they're doing it.  In fact, Tesla is nearing software company margins on a manufactured product; the numbers are crazy.  Their capital leverage is completely bonkers right now and it's only getting better & better literally every month as their costs fall; oh, yeah, Tesla re-configs their lines monthly!

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