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We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
The Wall Street consensus for this quarter was $17.659 billion in revenue and earnings of $2.26 per share.
The expectations represent a massive year-over-year increase after Tesla achieved a new record for deliveries with over 310,000 deliveries during the quarter.
Tesla Q1 2022 financial results
Tesla released the results today and beat Wall Street expectations on both revenue and earnings with $18,756 billion in revenue and $3.22 per share (non-GAAP) during the first quarter of 2022.
Tesla’s stock (TSLA) was up by as much as 4% in aftermarket trading after investors learned of the
The automaker managed to increase operating income to $3.6 billion during the quarter.Probably the most impressive metric is Tesla achieving 32.9% GAAP Automotive gross margin in the quarter. That’s despite supply chain issues and increasing costs, but Tesla has been known to quickly pass those customers with price increases and it is being reflected in its margins.Tesla finds itself with about $17.5 billion in cash at the end of the last quarter.
Last edited by AMIRZA786; May 24, 2022 at 02:39 PM.
Tesla Dominates EV Sales In 2022 Despite Mounting Competition
Tesla’s Model Y SUV and Model 3 sedan were the two top-selling vehicles in the US in Q1 this year
The electric vehicle market in the US is still fairly new, and Tesla has largely dominated that market since its inception. However, competition in the EV space is increasing as legacy automakers begin releasing their own zero-emission vehicles, and although Tesla still dominates the market, the automaker’s market share has gradually been decreasing over the past few years. Tesla’s Model Y SUV and Model 3 sedan were the two top-selling vehicles in the U.S. in Q1 this year, according to a report from MarketWatch (via KBB). The news comes at a time when electric vehicles made up over 5 percent of total car sales for the first time ever, and as many legacy automakers are starting to see substantial sales of their first few EVs.
Tesla sold 46,707 Model 3 units in the first quarter, and its sales of the Model 3 and Model Y combined made up an impressive 68 percent of the overall EV market share. By comparison, Tesla’s vehicles made up 70 percent of the market share in 2021, and they made up 75 percent of the EV market share in 2020.
Still, the slight decline in Tesla’s market share is to be expected, and will continue so long as legacy automakers continue to release their EVs. Despite the increasing competition, traditional automakers have a long way to go before reaching the EV sales volume Tesla has achieved.
Tesla’s Model 3 and Y sales were followed distantly by Ford’s electric Mustang Mach-E, which sold just 6,734 units. Tesla’s Model X followed the Mach-E, and the Model S was the quarter’s seventh most sold EV.
Other vehicles on the top 10 best-selling list for Q1 include the Hyundai Ioniq 5, the Kia EV6, the Nissan Leaf, the Kia Niro and the Audi e-Tron.
The news also comes as Ford, Rivian General Motors and others are releasing their first electric pickups — something Tesla currently doesn’t offer, with the highly-anticipated Cybertruck to begin production next year.
The first 99 buyers received their GMC Hummer EV units in Q1, while 43 took delivery of the Amazon- and Ford-backed startup Rivian’s R1T. Ford is also just beginning delivery of the Ford F-150 Lightning.
For Tesla, the completion of the new Gigafactory location in Austin, Texas will also play a crucial role in the coming years as US EV competition continues to increase. With production set to increase, sales are likely to follow suit, and Tesla is uniquely positioned as a company to weather the oncoming EV revolution.
Last edited by AMIRZA786; May 24, 2022 at 02:28 PM.
We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
The Wall Street consensus for this quarter was $17.659 billion in revenue and earnings of $2.26 per share.
The expectations represent a massive year-over-year increase after Tesla achieved a new record for deliveries with over 310,000 deliveries during the quarter.
Tesla Q1 2022 financial results
Tesla released the results today and beat Wall Street expectations on both revenue and earnings with $18,756 billion in revenue and $3.22 per share (non-GAAP) during the first quarter of 2022.
Tesla’s stock (TSLA) was up by as much as 4% in aftermarket trading after investors learned of the
The automaker managed to increase operating income to $3.6 billion during the quarter.Probably the most impressive metric is Tesla achieving 32.9% GAAP Automotive gross margin in the quarter. That’s despite supply chain issues and increasing costs, but Tesla has been known to quickly pass those customers with price increases and it is being reflected in its margins.Tesla finds itself with about $17.5 billion in cash at the end of the last quarter.
What you are stating is so devoid of facts. I'm not sure where you get your information, but I respectfully suggest you find a new source
Here is what $90 implies. There are 1B shares outstanding so Jill is saying that Tesla is worth $90B. Their expected earnings for 2022 is about $13 EPS so forward P/E of 7x. Slow/medium growth companies get about 12-15x multiple on P/E so her implication is that Tesla will lose sales in the foreseeable future. Right now, Tesla trades around $700 so implied P/E is about 54x which is high but considering Tesla is sold out for the next 9-12 months, not unreasonable given that they have 2 factories just ramping up.
Here is what $90 implies. There are 1B shares outstanding so Jill is saying that Tesla is worth $90B. Their expected earnings for 2022 is about $13 EPS so forward P/E of 7x. Slow/medium growth companies get about 12-15x multiple on P/E so her implication is that Tesla will lose sales in the foreseeable future. Right now, Tesla trades around $700 so implied P/E is about 54x which is high but considering Tesla is sold out for the next 9-12 months, not unreasonable given that they have 2 factories just ramping up.
That's all she had to say. But she still needs to explain why she believes EV's are a bubble that's going to suddenly go away, what data she has that maybe would explain her statement. Right now if I order a Model Y, delivery isn't until Feb 2023...but that's just an arbitrary date. My friend ordered a Model Y earlier this year, and it keeps getting pushed out
Last edited by AMIRZA786; May 24, 2022 at 02:40 PM.
Don't worry, it's just a bubble. All those millions of Tesla's will disappear overnight as the magic Car Ferry waves her wand and they all go away, and we'll all wake up from this crazy EV nightmare
Originally Posted by AMIRZA786
Your making completely baseless statements. Show me the data behind how you came up with this conclusion.
What you are stating is so devoid of facts. I'm not sure where you get your information, but I respectfully suggest you find a new source
what lexsctjill posted was an opinion, which they are entitled to just as you are yours. She doesn’t NEED to do anything. Your reply is a bit on the aggressive and demanding side, let’s try to disagree a bit more politely please.
what lexsctjill posted was an opinion, which they are entitled to just as you are yours. She doesn’t NEED to do anything. Your reply is a bit on the aggressive and demanding side, let’s try to disagree a bit more politely please.
True, she is. Jill knows that I don't mean any disrespect towards her, we've gotten into these arguments before and always remain friendly. And although I agree she is entitled to her opinion, I think I'm entitled to ask her to explain how she came up with it, but of course she has the right to tell me to take a hike. If I make a statement on this forum that's just doesn't make sense, don't you think people have the right to question me? I would think so
****EDIT*****
I removed the lines that you found to be disrespectful
Last edited by AMIRZA786; May 24, 2022 at 02:30 PM.
They do, but a demanding over the top callout as the above reads goes too far.
It also discourages other members from participating in this thread fearing this sort of response to them posting their perspective (and another member not posting here reported it for just that reason, and I agree).
just tone it down some please. It’s a polite conversation not an inquisition
They do, but a demanding over the top callout as the above reads goes too far.
It also discourages other members from participating in this thread fearing this sort of response to them posting their perspective (and another member not posting here reported it for just that reason, and I agree).
just tone it down some please. It’s a polite conversation not an inquisition
Will do. They have removed from the previous posts
