earnings call
Tesla in Early Talks with ‘Major OEM’ to License Full Self-Driving
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 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 […]
Tesla Q4 2022 Earnings Call Transcript: Demand at All-Time High Says Musk
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 Plans to Make Around 1.8 Million Cars in 2023, ‘Potential’ for 2 Million
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 FSD Beta Testers Now at 400,000 in Canada, USA–Up 40% from December
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).” […]
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 […]
Tesla Starts Accepting Questions for Q4 2022 Earnings Call
Tesla is now accepting questions for its fourth-quarter and year-ended December 31, 2022, earnings call, as detailed by Martin Viecha (@MartinViecha), the company’s head of Investor Relations. Submit new questions or upvote your favourite questions for Tesla's earnings call here:https://t.co/lcuyKYrRQn — Martin Viecha (@MartinViecha) January 21, 2023 The all-electric automaker’s Q4 and full-year 2022 earnings […]
Tesla Expects Full Self-Driving Beta Wide Release for North America in Q4
During Tesla’s Q3 2022 earnings call, CEO Elon Musk reiterated the company is expecting to expand its Full Self-Driving (FSD) beta to wide release this year in North America, in the fourth quarter. “So, this quarter, we expect to go to a wide release of full self-driving Beta in North America. So, anyone who has […]