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 […]
Tesla’s Q1 2022 saw record delivery and production numbers, along with revenue and net income. The company also detailed how it is diversifying its battery chemistries for long-term growth. Back in October during its Q3 2021 earnings, Tesla said it was shifting its Model 3 and Model Y Standard Range cars to Lithium Iron Phosphate (LFP) […]
Tesla has announced its Q1 2022 earnings on Wednesday afternoon, reporting numbers higher than Wall Street expectations. The automaker reported $3.22 earnings per share, while revenue was at $18.7 billion, up a staggering 81% year-over-year. “The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating […]
Nearly 700,000 Tesla shareholders are asking questions for an upcoming Q&A, as can be seen on a ranked-choice voting forum for the investors. Questions from Tesla’s shareholders for the upcoming Q1 earnings Q&A session can now be seen in a forum at SayTechnologies.com. The site includes an upvoting system for shareholders to vote for their […]
On Friday afternoon, Tesla started accepting questions for its upcoming Q4 2021 earnings call question and answer period, set to take place next Wednesday, January 26, 2022 (via @SawyerMerritt). As of writing, there are currently already 1,237 questions submitted on the Say Technologies platform The top-upvoted question asked by “Anonymous Retail Investor” at the moment […]
Tesla announced a record Q3 2021 yesterday, resulting in all-time highs in net income and revenue, while gross margins are nearing an astounding 30%. The company saw $1.6 billion net income from $13.7 billion in total revenues and now has $16 billion in cash and cash equivalents. Tesla is firing on all cylinders, so to […]
During Tesla’s record Q3 earnings report, the company revealed its vehicle capacity from its factories in California and Shanghai are running at near full capacity. The company’s Fremont factory is able to produce 100,000 Model S/X and 500,000 Model 3/Y, while its Giga Shanghai factory is noted as over 450,000, making for a total of […]
Amidst the struggle of companies like General Motors (GM) during the semiconductor chip shortage, Tesla has continued to grow despite an overall auto industry downturn. Tesla’s stock is way up over the past several months, which could lead to post-earnings stock volatility for the company, according to Barron’s. While Wall Street reportedly expects Tesla to […]
Following Tesla’s 2021 annual shareholder meeting livestream on Thursday, the company has officially set a date for the release of its Q3 numbers later this month. Tesla has confirmed the date for its third-quarter financial results, set to happen on October 20, according to a press release. The company will post a brief advisory with […]
If you’ve been busy and haven’t had time to catch up with Tesla’s record Q2 2021 earnings, here are a couple of ways to do so. You can take a look at the full earnings call transcript here, but if you want to listen to audio instead, Remo Uherek has posted a ‘supercut’ of the […]
Tesla on Monday unveiled its Q2 2021 earnings, setting new records for the company with $1.1 billion in net income for the first time, from $11.9 billion in overall revenue. Aside from detailing updates to its nearly 3,000 Supercharger stations and also how other non-Tesla vehicles will share the chargers, Tesla also announced it had […]
Tesla announced during its Q2 earnings call its installed annual capacity has now increased greater than 1.05 million cars. The breakdown stands the same as Q1, but for Giga Shanghai, the number is now “greater” than 450,00: California – Model S/X: 100,000 California – Model 3/Y: 500,000 Shanghai – Model 3/Y: > 450,000 With Gigafactories […]
During Tesla’s Q2 earnings call webcast, CEO Elon Musk shared some opening remarks on the company’s quarter, plus also detailed the ongoing global chip shortage. In a somewhat of a surprise mention, Musk said that to better make use of his limited time, “going forward I won’t be on earnings calls unless there’s something important […]
Tesla CEO Elon Musk said some opening remarks during its Q2 webcast the global chip shortage situation “remains quite serious”. Musk said the growth rate of Tesla is being controlled by chips, which are the slowest to appear in its supply chain. The company said all parts are ready except for these chips, with Musk […]
