Tesla’s stock is soaring by 20% today following its Q3 2024 earnings call yesterday, where CEO Elon Musk highlighted the company’s achievements and future goals. Musk shared that, despite challenges in the automotive sector, Tesla delivered record-breaking results. “Tesla is profitable despite a very challenging automotive environment,” he said, emphasizing that the company stands out […]
Tesla has announced a decrease in its net income for the first quarter of 2024, recording $1.1 billion in GAAP net income, down from previous quarters. The company faced several adversities including the Red Sea conflict and an arson attack at its Gigafactory Berlin, alongside the initial phase of the updated Model 3 production at […]
During Tesla’s Q4 2023 earnings call, CEO Elon Musk outlined the company’s ambitious plans for its next-generation electric vehicle (EV). Musk revealed that the production of this cutting-edge vehicle is slated to begin towards the end of 2025, marking a pivotal moment in Tesla’s growth trajectory. Responding to a question about the timeline for the […]
Tesla said today during its Q2 2023 earnings call its Full Self-Driving (FSD) system is leaps and bounds ahead of the competition. So much so that Tesla is in early talks with a major automaker to license the technology. Elon Musk emphasized the future of autonomous vehicles and Tesla’s unique position in achieving it in […]
Tesla announced its quarterly earnings after the closing bell on Wednesday afternoon, reporting record revenue for the second quarter of the year. The all-electric automaker reported a staggering quarterly revenue of $24.92 billion USD for the period spanning April to June 2023, representing a remarkable 46% year-over-year increase. Tesla handily surpassed Wall Street expectations of […]
Summary: Tesla raises its 2023 capital expenditure forecast to between $7 billion and $9 billion, up from $6 billion to $8 billion, in response to growing EV demand. The company is aggressively ramping up production, expanding its Nevada Gigafactory, and increasing output at its Berlin and Austin factories. For the first time, Tesla has begun […]
On Tesla’s Q1 2023 earnings report, the company saw record production and deliveries, with revenues of $23.3 billion, up 24% year-over-year. In regards to the Tesla Cybertruck, the company shared photos of its production line and also winter testing photos for the first time. “Equipment installation for Cybertruck production at Gigafactory Texas continued in Q1 […]
Tesla today announced its Q1 2023 earnings and revenues of $23.3 billion for Q1 2023, up 24% year-over-year, while net income was at $2.5 billion, thanks to its record production and deliveries. Tesla sees the current macroeconomic environment as a unique growth opportunity, leveraging its cost leadership position. The company’s primary focus is to increase […]
Summary: Tesla on Wednesday reported revenues of $23.3 billion for Q1 2023, up 24% year-over-year. The company posted a net income (GAAP) of $2.5 billion, down 24% year-over-year. Tesla ended the quarter with 22.4 billion in cash, cash equivalents, and investments. Tesla announced its quarterly earnings on Wednesday afternoon, reporting record revenue for the first […]
Tesla is expected to report record sales for the first quarter of 2023, with the help of cheaper sticker prices and U.S. subsidies. The price cuts, initiated by Elon Musk and company in January, have led to a heated price war, particularly in China, where it is aimed at beating competition and keeping the company […]
Tesla yesterday announced its record Q4 2022 earnings, achieving new highs in revenue, production and delivery for the full year. Elon Musk started the Q4 2022 earnings call by addressing a common question from investors in regard to demand. Musk explained, “Thus far — so I want to put that concern to rest. Thus far […]
Tesla announced yet another record quarter, with Q4 earnings seeing all-time highs for revenue and also vehicles produced and delivered. The company’s Installed Annual Vehicle Capacity remains at 1.9 million, spread across its factories in California, Shanghai, Berlin and Texas. In Tesla’s Q4 shareholder slide deck, the company said, “we are planning to grow production as […]
Tesla today announced a record Q4 2022 and also provided more updates on its business, in particular on the total number of Autopilot customers that have Full Self-Driving (FSD) beta. According to Tesla, it said, “we now have released FSD beta to nearly all customers in the US and Canada who bought FSD (approximately 400,000).” […]
Tesla reported record Q4 2022 earnings today and the automaker also provided an update on its upcoming Cybertruck. According to Tesla, it says “Cybertruck remains on track to begin production later this year at Gigafactory Texas. Our next generation vehicle platform is under development, with additional details to be shared at Investor Day (March 1st, […]
Tesla announced its fourth-quarter and full-year 2022 earnings on Wednesday afternoon, reporting record revenue for the final quarter. The automaker reported revenue of $24.3 billion USD for October to November 2022, up a whopping 37% year-over-year. Wall Street, meanwhile, had forecasted $24.03 billion in revenue. Tesla reported a net income of $2.3 billion (GAAP) for […]
