Management hosted an earnings conference call at 5:30 p.m. Eastern time. My Q4 projections indicate total revenue between $7.28 billion and $6.98 billion. On the bottom line, analysts are looking for $0.60 per share in non-GAAP earnings. Gigafactory Berlin-Brandenburg is also progressing. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. Tesla reported a GAAP operating income of $327 million; 5.4% operating margin in the second quarter. Many solar business customers are including a Powerwall with installation according to the company. Tesla reported revenue of $5.985 billion for the first quarter. Tesla has released its financial results and shareholders letter for the second quarter of 2020 after market close today. Today, Tesla announced that it made $7.384 billion in revenue and it reported surprising profits of $2.14 per share (Non-GAAP) in Q4 2019 – over expectations for both revenue and earnings. In the shareholders letter, the automaker wrote about how it achieved profitability: “Our operating profit improved in Q2 despite challenging circumstances. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. On a full-year basis, my midpoint 2019 estimated GAAP losses are $846.2 million. Benzinga does not provide investment advice. The total from the company came in higher than estimates of $8.26 billion. Yet despite the ongoing pressures from the coronavirus outbreak, Tesla managed to deliver over 90,000 vehicles in Q2, thanks to the Model Y building momentum in the United States and the Model 3 hitting its stride in China. Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours. Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours. Tesla ended the first quarter on a surprisingly optimistic note. All rights reserved. That wasn’t the case last quarter, when shares jumped 17% in the two weeks prior to second quarter earnings, and then dropped 5% the day after those numbers were reported. Tesla’s second quarter was hit by the pandemic. Tesla reported earnings per share of 76 cents for the third quarter, which was higher than the consensus estimate of 56 cents.

Solar roof installations almost tripled sequentially. Tesla reported earnings per share of 76 cents for the third quarter, which was higher than the consensus estimate of 56 cents. Tesla reported non-GAAP Net income of $874 million, excluding stock-based compensation. Electric vehicle pioneer A $104 million GAAP net income and $451 million non-GAAP net income was also reported by the company. This copy is for your personal, non-commercial use only. Tesla is expected to report earnings after the close Wednesday, October 21.

Tesla China is also poised to release two new versions of its locally-produced Model 3, the Long Range and Performance variants. Tesla reported earnings per share of 76 cents for the third quarter, which was higher than the consensus estimate of 56 cents. Tesla reported revenue of $6.036 billion for the first quarter, beating Wall Street’s expectations. Maurer is forecasting total revenue of $8.45B and GAAP earnings per share of $0.29, up 34% and 81% to last year, respectively. My mid-point estimate represents a YoY growth of negative 1.33%. Apart from Solar Roof production in Gigafactory New York exceeding 4 MW per week, which is enough for 1,000 homes. “Our business has shown strong resilience during these unprecedented times. For the best Barrons.com experience, please update to a modern browser. What Happened: Tesla Inc (NASDAQ: TSLA) reported third-quarter revenue of $8.77 billion, a year-over-year increase of 39%. Investors and analysts had a chance to ask various questions ranging from solar roofs to autonomous taxis to battery technology. GAAP earnings matter for the S&P 500 index committee, and such profit means it will still have to consider if, and when, to add Tesla to the S&P 500 index, something it … Shares of Tesla closed Wednesday at $422.57. This hiked up the company’s total cash to around $8.1 billion, which is partly due to a $2.3 billion capital raise that was conducted in the first quarter. In contrast, Wall St. expected Tesla to report revenue of $5.85 billion as per data aggregated by, Tesla (TSLA) Q1 2020 results: Beats on revenue, Model Y sets historic profit on launch, SpaceX Starship prototype days away from first Raptor static fire test, Tesla Model Y production outpaced China Model 3 at launch helped by continued efficiencies, Operating cash flow less capex (free cash flow) negative $895M in Q1 (of which $981M outflow due to inventory growth), $283M GAAP operating income; 4.7% operating margin in Q1, $16M GAAP net income; $227M non-GAAP net income (ex-SBC) in Q1, Gross margin at Giga Shanghai approaching level of US-made Model 3, Solar Roof production exceeded 4 MW per week, enough for up to 1,000 homes, Tesla Semi deliveries are shifted to 2021. The following are the key points in Tesla’s Q1 2020 Update Letter. We are updating this post with all the details from the financial results, shareholders letter, and the conference call later tonight.

The following are the key points in Tesla’s Q2 2020 Update Letter.

The premier electric vehicle maker reported record vehicle deliveries, profitability and free cash flow in the third quarter.

Such a scenario would likely push Tesla to new heights. As of writing, TSLA stock is trading 5.37% at $1,677.82 per share. The company's operating margin was 9.2%, up from 4.1% in the same quarter last year. Automotive revenue was $7.6 billion. Shares hit a 52-week high of $502.49 in September. Despite the ongoing pressures from the coronavirus outbreak, Tesla managed to deliver 88,400 vehicles and produce over 102,000, comprised of 76,200 Model 3 and Model Y and 12,200 Model S and X. Gigafactory Shanghai facility also reopened after a brief government-mandated shutdown in China due to the initial onset of the pandemic, and has since ramped its Model 3 production activities. The results, which were discussed at length in an Update Letter, were released after the closing bell on Wednesday, April 29. Q4 earnings estimate ranging from a GAAP profit of $220 million to a loss of $22.6 million, while EPS range between $1.23 and -$0.13. “This was achieved mainly through substantial growth in vehicle deliveries as well as growth in other parts of the business," the company said in the release. It was Tesla Model 3 vs Tesla Model 3 vs Tesla Model 3 in... One of the most interesting things about Tesla’s evolving Full Self-Driving features is the... Tesla’s Full Self-Driving suite is poised for a wide-release by the end of 2020... Tesla CEO Elon Musk has a renowned sense of humor. A daily collection of all things fintech, interesting developments and market updates. On the bottom line, analysts are looking for $0.60 per share in non-GAAP earnings. as well as most traditional automotive stocks. More. Tesla also earned 27 cents in GAAP—short for generally accepted accounting principles—profits, below the 31 cents Wall Street had modeled. With such results, Tesla is poised to qualify for inclusion into the S&P 500, which requires a company to post four quarters of profit. Looking ahead, Wall Street currently expects the company to deliver about 165,000 cars in the fourth quarter. © 2020 Benzinga.com. “We are increasingly focused on our next phase of growth," the company said. On January 29th Tesla (NASDAQ: TSLA) will report Q4 and full year earnings. That way Tesla can make a dent in the powertrain mix of the roughly 2 billion vehicles on global roads. Create one. Wall Street was looking for 55 cents in per-share earnings on $8.3 billion in sales. I expect the recent rally in Tesla's stock price will cool off if Tesla posts a loss. S&P 500 The results of Tesla’s second quarter earnings have been received enthusiastically by TSLA shareholders. Its stock is rising. (Credit: Tesla), Tesla reported revenue of $6.036 billion for the first quarter, beating, Tesla $TSLA Q2 2020 results: Recurring profit, beats Wall St. as business matures, S&P 500 in focus, Tesla Autopilot’s 4D upgrade could lead to more FSD features, Tesla updates Model Y production rate, increased capacity at Fremont, Next US Gigafactory site selected; preparations underway, Increased Model S range to 402 miles (EPA), Model Y and China-made Model 3 production rates continue to increase, 500,000 target unit deliveries for 2020 reaffirmed. Tesla said $290 million was triggered under that plan due to the company’s high market capitalization and probable operational metric milestones. Tesla just reported third-quarter results including net income (GAAP) of $331 million on revenue of $8.77 billion. Electric vehicle pioneer Teslareported better-than-expected earnings Wednesday evening, the company’s fifth consecutive beat. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Despite the closure of our main factory in Fremont for nearly half the quarter, we posted our fourth sequential GAAP profit in Q2 2020 while generating positive free cash flow of $420M,” Tesla wrote. Judging by the stock’s reaction—Tesla shares were up 4.9% in premarket trading—it looks to be a solid earnings print. Year to date, as of Wednesday’s closing price, Tesla stock is up about 408% year to date, crushing comparable returns of the S&P 500 and Posted-In: electric vehicles Elon Musk Powerwall Solar RoofEarnings News Top Stories After-Hours Center Best of Benzinga, Thank you for subscribing! Copyright © TESLARATI. These, according to the electric car maker, will allow it to take on the second half of 2020 with a stronger stance. In comparison, Estimize, a crowdsourced platform that aggregates estimates from analysts, executives, fund managers, and academics, is a bit more optimistic, expected Tesla to post a revenue of $5.443 billion. Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas. “We continue to believe that the energy business will ultimately be as large as our vehicle business.”. On average, analysts expect revenue to rise 31% year over year to $8.26 billion and non-GAAP (adjusted) earnings per share to jump 51% to $0.56. The high stock-based compensation came from the 2018 compensation plan for CEO Elon Musk. All rights reserved. Tesla’s Q1 2020 Update Letter could be accessed below. Tesla Model 3 production line in Gigafactory 3, Shanghai, China.