earnings call

Tesla Q1 2024 Earnings See Decline Amidst Global Challenges

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 […]

Tesla to Start Next-Gen EV Production in Late 2025, Says Musk

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 Q2 2023 Earnings: $24.9 Billion in Revenue, $2.7 Billion Net Income

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 […]

Tesla Increases 2023 Capital Expenditure Forecast Amid Rising EV Demand

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 […]

Tesla Cybertruck Delivery Event ‘Probably’ in Q3, Says Elon Musk

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 Q1 2023: What You Need to Know

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 […]

Tesla Q1 2023 Earnings: $23.3 Billion in Revenue, $2.5 Billion Net Income

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 Expected to Report Strong Q1 Sales Amid Price War

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 […]
A studio shot of the upcoming Tesla Cybertruck

2023 Tesla Cybertruck Update: Production This Summer, Will Have HW4

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 Q4 2022 Earnings: Record $24.3 Billion in Revenue, $3.7 Billion Net Income

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 […]

StockGPT: AI-Powered Search for Tesla’s Earnings Calls

@Alec Corum launched StockGPT on Sunday, which he describes as an AI financial search tool. This particular tool was trained on Tesla’s quarterly earnings call transcripts dating as far back as the second quarter of 2011. Corum says the tool is great for finding specific commentary on topics during a certain quarter or evaluating performance […]