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Tesla (TSLA) releases Q4 earnings: beats on revenue and earnings


tacobell fan

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  • Tesla delivered better-than-expected Q4 2019 results on Wednesday.
  • Earlier, the company reported deliveries of 112,000 vehicles during the fourth quarter, a record for Tesla.
  • Shares in Tesla have continued to rally since Elon Musk’s electric car maker reported a surprise profit in Q3.
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Tesla has reported fourth-quarter results, and it’s a beat on earnings. The stock spiked 7% on the news after hours. 

Here’s how the company did versus expectations:

  • Earnings: $2.14 adjusted vs. $1.72 per share expected.
  • Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv.
 

Analysts’ expectations varied widely, with EPS estimates ranging from $0.80 to $2.57, and revenue estimates ranging from $6.46 billion to $7.54 billion, according to Refinitiv.

The company’s automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter. The company said it had already begun a production ramp for Model Y, its newest crossover SUV, at its Fremont, California car plant. 

The company has already reported deliveries of 112,000 vehicles globally during the fourth quarter, a quarterly best for Tesla. That number significantly topped Wall Street estimates, and hit the low-end of Musk’s year-end sales goal.

Shares in Tesla have risen by more than 120% since the company’s Q3 2019 earnings update in October last year. At that time, Tesla notched a surprise profitable quarter following deep spending cuts, expansion of Model 3 sales outside the U.S. and the recognition of at least $30 million in revenue related to an Autopilot update that brought Tesla vehicles a so-called Smart Summon capability.

Tesla continued to rally after that update, with investors bullish about its prospects in China, especially. The company opened a car plant in Shanghai ahead of schedule. Executives are expected to offer guidance in consideration of the coronavirus epidemic impacting the factory and sales, potentially, in mainland China.

 

Musk previously said that he expected his electric car and solar business to become sustainably profitable beginning in the third quarter of 2018.

Tesla first went public in 2010 and has generally lost money, focusing on growth and a product road map that is science fiction-like, instead. Last year, Tesla raised more than $1 billion in fresh capital, telling investors it would deliver feature-complete, full self-driving robotaxis in 2020, and more.

Tesla recorded non-consecutive, profitable quarters once in 2013 and again in 2016. Tesla was profitable during the third and fourth quarters of 2018, but was back in the red in the early half of 2019.

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1 minute ago, uyghur12 said:

na tax paisal vaste tesla share kuda konadam two or three start cheddam anukuntunna what say

not worth it if you are doing 2-3 shares and short term. Buy a nice Gaming console and enjoy your time.

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6 minutes ago, tacobell fan said:

not worth it if you are doing 2-3 shares and short term. Buy a nice Gaming console and enjoy your time.

gaming cosole and racing wheel setup undi adi ammesi inko rondu extra konocha ?

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2 minutes ago, uyghur12 said:

gaming cosole and racing wheel setup undi adi ammesi inko rondu extra konocha ?

Nuvvu decide chesuko

Tesla Q4'19 earnings results: 
 - $7.4Bn revenue
 - $1.2Bn EBITDA
 - $105M GAAP Net Income
 - $0.58 GAAP EPS
 - $1.0Bn Free Cash Flow
 - $6.3B Cash balance

$620/share after hours. Crushed it. 

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1 minute ago, tacobell fan said:

Nuvvu decide chesuko

Tesla Q4'19 earnings results: 
 - $7.4Bn revenue
 - $1.2Bn EBITDA
 - $105M GAAP Net Income
 - $0.58 GAAP EPS
 - $1.0Bn Free Cash Flow
 - $6.3B Cash balance

$620/share after hours. Crushed it. 

37iso1.gif

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4 minutes ago, tacobell fan said:

Nuvvu decide chesuko

Tesla Q4'19 earnings results: 
 - $7.4Bn revenue
 - $1.2Bn EBITDA
 - $105M GAAP Net Income
 - $0.58 GAAP EPS
 - $1.0Bn Free Cash Flow
 - $6.3B Cash balance

$620/share after hours. Crushed it. 

Overvalued 🤔 

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