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 […]
On Tesla’s Q3 2022 earnings call, the automaker reiterated it is ramping up production of its Semi, an electric Class A truck that will have 500 miles of range with cargo on level ground, with the new vehicle already in early production. According to Tesla CEO Elon Musk, it takes “about a year” to ramp […]
According to Tesla CEO Elon Musk, on the company’s Q3 earnings call, he now sees the potential for the company to be worth more than Apple and Saudi Aramco, combined. Musk said at the beginning of the call he believes it is possible for Tesla to be worth more than Apple, but it will require […]
Tesla today announced record Q3 earnings for 2022 and the automaker continues to share more information regarding the development of its product roadmap. In Q3, Tesla said the Cybertruck has reached the ‘tooling’ stage and Semi is now in ‘early production’. The company also reiterated how its factory in Berlin, Germany, has already reached 2,000 […]
Tesla announced its Q3 2022 earnings today, posting a staggering $21.4 billion in revenue, up 56% year-over-year and setting new production and delivery records. The company’s Installed Annual Vehicle Capacity remains at over 1.9 million vehicles across its factories in California, Shanghai, Berin and Texas. But more interestingly, the status of the Cybertruck in the […]
Tesla has announced earnings for Q3 2022 on Wednesday afternoon, reporting $21.4 billion in revenue, up 56% year-over-year, to go with net income of $3.3 billion (GAAP), with the latter up 103% year-over-year. The company says its free cash flow has exceeded $8.9 billion in the last 12 months and operating margin hit 17.2% in […]
With Tesla’s upcoming Q3 results releasing on Wednesday, Tip Ranks shared a few notes on what we can expect from the earnings call. For one, Wells Fargo analyst Colin Langan has cut the automaker’s price target to $230 from $280 ahead of the earnings call, maintaining a Hold rating. In doing so, Langan cited price increases, […]
Gigafactory Berlin; Image via the_wolfpack_berlin on YouTube Tesla is set to announce its Q3 2022 earnings on Wednesday, October 19, 2022. The company previously announced they produced and delivered a record number of vehicles for Q3. As for this week’s Tesla Q3 earnings call, CEO Elon Musk confirmed on Monday he will be joining the […]
Tesla today announced its Q2 2022 earnings, reporting $16.9 billion in revenue, up 42% year-over-year. The company saw $2.3 billion in net income and delivered 254,695 cars, up 23.4% year-over-year. If you’re looking for Tesla’s Q2 2022 earnings call transcript you can check it out here on Seeking Alpha. As for a ‘supercut’ of the […]
When will Tesla deliver its Cybertruck? According to Tesla’s Q2 2022 earnings call, CEO Elon Musk answered an investor question about when Cybertruck would be officially available and said it would debut in mid-2023. Speaking about Cybertruck, Musk said, “we will bring another level of simplicity and manufacturing improvements with Cybertruck and future products that […]
Tesla today published its earnings for the second quarter of the year, reporting $16.9 billion USD in revenue and a net income of $2.3 billion. The company also shared a stockholder deck, giving us a look at the company’s operations as they are now and some of its plans for the future. According to Tesla’s […]
Tesla announced its earnings for the second quarter of the year on Wednesday afternoon, reporting numbers higher than Wall Street expectations. The automaker generated revenue of $16.9 billion USD between April and June 2022, up a whopping 42% year-over-year, with earnings per share of $2.27. Wall Street, meanwhile, had forecasted $16.521 billion in revenue and […]
Tesla announced record Q1 2022 earnings today and within its shareholder slide deck, the company detailed it is now producing single-piece front castings for its Model Y from its Gigafactory in Austin, Texas. The company has long teased a single-piece front was coming, to join the single-piece rear casting in the Model Y. According to […]
During Tesla’s Q1 earnings call, CEO Elon Musk announced the company will be making a new vehicle at Giga Texas—a dedicated robotaxi with no steering wheel or pedals. Musk said Tesla plans to reach volume production of this autonomous robotaxi in 2024, that “will be a massive driver” of the company’s growth. It will have […]
Tesla announced its record Q1 2022 earnings on Wednesday, beating Wall Street estimates. While Tesla saw record production, deliveries and earnings and profit, the company also shared an interesting note about the Super Bowl. According to Tesla, the day after the 2022 Super Bowl—which featured numerous high profile electric vehicle ads from automakers—it saw a […]
