Tesla Q1 results - beats estimates posts profit
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Lexus Fanatic
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Tesla Q1 results - beats estimates posts profit
My own projections were Tesla would beat estimates and do well in Q1 even with this human malware mess going on.
Tesla Earnings: TSLA Stock Heads 9% Higher on Strong Q1 Performance
Tesla Earnings: TSLA Stock Heads 9% Higher on Strong Q1 Performance
TSLA reported EPS well above Wall Street's estimates
TSLA reported EPS well above Wall Street's estimates
By William White, InvestorPlace Writer Apr 29, 2020, 5:11 pm EDT Tesla (NASDAQ:TSLA) earnings for first quarter of 2020 have TSLA stock taking off after-hours Wednesday. This is thanks to its adjusted earnings per share (EPS) of $1.24 shattering Wall Street’s estimate of losses per share of 36 cents. The electric car company’s revenue of $5.99 billion also comes in above analysts’ estimates of $5.9 billion.
Source: Ivan Marc / Shutterstock.comHere are some additional highlights from the most recent Tesla earnings report.
“Despite the expiration of various government incentives at the end of last year, Q1 was pacing to be the strongest quarter of deliveries until our operations were interrupted in March. As a result, we remain confident in growing global production capacity as quickly as possible.”
Tesla isn’t providing numbers in its outlook for 2020. The novel coronavirus has made markets too unstable for it to do so. It plans to revisit its guidance in its second-quarter earnings report.
TSLA stock was up 9.3% after-hours Wednesday.
Source: Ivan Marc / Shutterstock.comHere are some additional highlights from the most recent Tesla earnings report.
- Adjusted per-share earnings are much better than adjusted losses per share of $2.90 in Q1 2019.
- Revenue for the quarter is sitting 32% higher than the $4.54 billion in the same period of the year prior.
- Operating income of $283 million is a massive improvement year-over-year from an operating loss of $522 million.
- The Tesla earnings report also includes a net income of $16 million.
- That’s a positive switch from the company’s net loss of $702 million reported during the same time last year.
“Despite the expiration of various government incentives at the end of last year, Q1 was pacing to be the strongest quarter of deliveries until our operations were interrupted in March. As a result, we remain confident in growing global production capacity as quickly as possible.”
Tesla isn’t providing numbers in its outlook for 2020. The novel coronavirus has made markets too unstable for it to do so. It plans to revisit its guidance in its second-quarter earnings report.
TSLA stock was up 9.3% after-hours Wednesday.
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My own projections were Tesla would beat estimates and do well in Q1 even with this human malware mess going on.
Tesla Earnings: TSLA Stock Heads 9% Higher on Strong Q1 Performance
Tesla Earnings: TSLA Stock Heads 9% Higher on Strong Q1 Performance
Well done Tesla. with nearly 80% of the shares available held by insiders or institutional investors, it leaves 20% of the shares available (Float = 144m ) or 28.8 million available to trade on the markets. Couple it with a short interest close to 20 million, no wonder it's going to squeeze higher. TSLA is not a stock traded on valuation or basic car industry fundamentals. It's a stock game being played by mega billion bullies on Wall Street, with the naysayers waiting for that critical misstep backwards. The mega millions Musk will earn are going to be well deserved @ $350/per share.
Contrast this to a typical auto company... the Float is in billions of shares and been in business well since early 1920-1940 days. It's not going anywhere in a hurry.
Lexus Test Driver
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First quarter results for a lot of companies are going to be normal for the most part because the impact of COVID-19 only impacted companies for around two weeks at the end of March. For those of us watching earnings, it’s the second quarter that will show the more significant impact of COVID-19 so that will be the interesting quarter to watch.
Lexus Test Driver
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First quarter results for a lot of companies are going to be normal for the most part because the impact of COVID-19 only impacted companies for around two weeks at the end of March. For those of us watching earnings, it’s the second quarter that will show the more significant impact of COVID-19 so that will be the interesting quarter to watch.
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Lexus Test Driver
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I agree but Tesla wasn't supposed to be in the black this quarter. It just proves that they were at a sustainable level now before the COVID mess. They would have had a year of positive earnings for sure. Say what you will about Elon being a weirdo...he is a genius businessman.
For all companies, valuations of certain assets are going to be difficult to determine considering the unprecedented nature of the times we are in and the inability to project cash flows going forward. It will be interesting to see what other companies are going to say on their earnings calls and in their earnings releases in the coming weeks.
Lead Lap
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From: Ca
Should we get excited about Q1 results?
Last year, Ezz got really excited when Tesla finally posted a profitable quarter, but in 2019 Tesla still ended up with a $862 million dollar loss.
Though they say that is better than 2018's $1 billion dollar loss.
https://www.theverge.com/2020/1/29/2...evenue-model-3
If Elon sold Teslas at real prices so that the company could be profitable, each Tesla would cost tens of thousands of dollars more, and consumers simply wouldn't buy them!
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
However, it will be interesting to see how long Elon can continue to raise more capital from the stock market to neutralize the losses.
https://www.digitaltrends.com/cars/t...w-it-will-end/
Last year, Ezz got really excited when Tesla finally posted a profitable quarter, but in 2019 Tesla still ended up with a $862 million dollar loss.
Though they say that is better than 2018's $1 billion dollar loss.
https://www.theverge.com/2020/1/29/2...evenue-model-3
If Elon sold Teslas at real prices so that the company could be profitable, each Tesla would cost tens of thousands of dollars more, and consumers simply wouldn't buy them!
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
However, it will be interesting to see how long Elon can continue to raise more capital from the stock market to neutralize the losses.
https://www.digitaltrends.com/cars/t...w-it-will-end/
Lexus Test Driver
Joined: Jan 2007
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From: CA
Originally Posted by peteharvey
Should we get excited about Q1 results?
Last year, Ezz got really excited when Tesla finally posted a profitable quarter, but in 2019 Tesla still ended up with a $862 million dollar loss.
Though they say that is better than 2018's $1 billion dollar loss.
https://www.theverge.com/2020/1/29/2...evenue-model-3
If Elon sold Teslas at real prices so that the company could be profitable, each Tesla would cost tens of thousands of dollars more, and consumers simply wouldn't buy them!
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
However, it will be interesting to see how long Elon can continue to raise more capital from the stock market to neutralize the losses.
https://www.digitaltrends.com/cars/t...w-it-will-end/
Last year, Ezz got really excited when Tesla finally posted a profitable quarter, but in 2019 Tesla still ended up with a $862 million dollar loss.
Though they say that is better than 2018's $1 billion dollar loss.
https://www.theverge.com/2020/1/29/2...evenue-model-3
If Elon sold Teslas at real prices so that the company could be profitable, each Tesla would cost tens of thousands of dollars more, and consumers simply wouldn't buy them!
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
However, it will be interesting to see how long Elon can continue to raise more capital from the stock market to neutralize the losses.
https://www.digitaltrends.com/cars/t...w-it-will-end/
If Elon sold Teslas at real prices so that the company could be profitable, each Tesla would cost tens of thousands of dollars more, and consumers simply wouldn't buy them!
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
Hence, Tesla "dumps" them onto the market below costs to sell in high volume and gain market share.
now could it go wrong for tesla? Absolutely. Was a global pandemic something they expected? No. Has spacex, one of Musk's other ventures, also spent VAST sums (and they're not publicly traded) to build a viable space launch capability? They're probably close to profitable by now given the huge number of launches they're doing to put satellites into space, and hopefully this month, PEOPLE! Russia has charged the U.S. EIGHTY MILLION for each astronaut to the space station. Musk said he can do it for TWENTY MILLION. But to do the things spacex has done must have cost billions and billions...
You really should seek to understand how building an enterprise at scale from a startup works.
Lead Lap
Joined: Aug 2011
Posts: 4,714
Likes: 551
From: Ca
I'm not buying your spin.
An $862 million dollar loss is an $862 million dollar loss, and you got so excited about last year's profitable quarter.
If Freds430 can believe your spin, then I'll believe it too.
We're not doing this debate again. You're simply wrong. Tesla has continuously made vast capital investments which is why they lose money, but that doesn't mean the cars aren't profitable, but it's just like Amazon and many other companies that spent every dollar they made or could borrow to build to scale, and once there, then the huge rewards come (came for amazon).
now could it go wrong for tesla? Absolutely. Was a global pandemic something they expected? No. Has spacex, one of Musk's other ventures, also spent VAST sums (and they're not publicly traded) to build a viable space launch capability? They're probably close to profitable by now given the huge number of launches they're doing to put satellites into space, and hopefully this month, PEOPLE! Russia has charged the U.S. EIGHTY MILLION for each astronaut to the space station. Musk said he can do it for TWENTY MILLION. But to do the things spacex has done must have cost billions and billions...
You really should seek to understand how building an enterprise at scale from a startup works.
now could it go wrong for tesla? Absolutely. Was a global pandemic something they expected? No. Has spacex, one of Musk's other ventures, also spent VAST sums (and they're not publicly traded) to build a viable space launch capability? They're probably close to profitable by now given the huge number of launches they're doing to put satellites into space, and hopefully this month, PEOPLE! Russia has charged the U.S. EIGHTY MILLION for each astronaut to the space station. Musk said he can do it for TWENTY MILLION. But to do the things spacex has done must have cost billions and billions...
You really should seek to understand how building an enterprise at scale from a startup works.
In 5 years time, we will see if it turns out true.
I'm not making any predictions regarding outcomes, because the future can go either way.
I'm only limiting myself to the facts.