Considering that Tesla reported impressive numbers for its first-quarter vehicle deliveries and production, Wall Street . Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. A bottleneck is a point of congestion in a production system that prevents the system from functioning at full speed. Let me recap our financial performance for fiscal year 2022. . Source: Predictions based on analysts' consensus from Visible Alpha Tesla (TSLA) Financial Results: Analysis Tesla, Inc. ( TSLA) reported Q1 FY 2022 earnings results that surpassed. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. The unit sales data on a balance sheet indicates the actual numbers of a product sold in a given reporting period. Tesla Earnings Date & Reports. Source: Predictions based on analysts' consensus fromVisible Alpha. Per data from Yahoo Finance, analysts expected that Tesla would generate Q1 2022 revenues of $17.8 billion, and. This compensation may impact how and where listings appear. Tesla will hold a robotaxi event next year, he said, and is "aiming for volume production in 2024.". Listen. He's had a lifelong obsession with cars and motorcycles (both old and new), and covers them for CNET Cars as its news & features editor. FUJIAN MINFA ALUMINIUM INC. company earnings calendar and analyst expectations - Upcoming and past events | Shenzhen Stock Exchange: 002578 | Shenzhen Stock Exchange Revenue growth was driven by vehicle deliveries, increased average selling prices, and growth in other areas of the company's business. In the year-ago quarter, net income was $331 million. We are making progress onthe industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y ramp. Revenue of $10,389,000,000 up by 73.58% from the same period last year, which beat the estimate of $10,290,000,000. We also reference original research from other reputable publishers where appropriate. Over a multi-year horizon, we expect to achieve50% average annual growth in vehicle deliveries. Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. - Elon Musk. Elon, with respect to FSD, I have never really seen any more false dawns than I have seen in full self-driving, the whole world is built of biological neural networks and eyes, Need to create computer visions neural net that surpasses humans, We have over 100,000 people in the Tesla FSD Beta program, Putting out a new release almost every two weeks. Is there even enough time to build that mining capacity? The pace of production ramps in Austin and Berlin will be influenced by the successful introduction of many newproduct and manufacturing technologies in new locations and ongoing supply chain-related challenges. Musk also acknowledged that autonomous driving advances were taking longer than he anticipated. Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. Tesla Q1 2022 Earnings Report: Beats Expectations Again#EV #ElectricVehicle #EVPediaTesla just released its Q1 2022 earnings report and the numbers are impre. Elon - end of Q3 should have more clarity on the 4680 ramp across factories, 4680 production is not a risk to the 1.5 million vehicle target this year but does risk 2023 growth potential. Yeehaw, Tesla made money in Q1 2022. At what rate do you think Giga Berlin and Texas will ramp production compared to Shanghai? Not Confirmed. Find Tesla earnings date updates and upcoming Tesla earnings report Jan 25, 2023 as well as EPS Forecast and TSLA top analyst price target consensus for Tesla . It's Tesla's Q1 earnings report time. Tesla produced 258,580 vehicles in Q2, an increase of more than 25% compared with the year-ago quarter but below analysts' predictions. R&D expenses in the third quarter of . Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive margins decreased from last quarter and a year ago, impacted by inflation and . He teaches macroeconomics at St. Stephen's University. Tesla's next earnings report (for Q3 FY 2022) is expected to be released on Oct. 19, 2022. The inflationary impact on our cost structure has contributed to adjustments in our product pricing, despite a continued focus on reducing our manufacturing costs where possible. The Tesla Q1 2022 earnings call will begin at 4:30 p.m. CT / 5:30 p.m. PT. 10-Q. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. My name is Matt, and I will be your moderator for. We don't want to jump the gun on a fun product announcement. Definition, How to Calculate, and Example, What Was Enron? "Elon Musk Delivers First Teslas Made in Texas, Shows Off Cybertruck. In comparison, analysts expected. That concludes my third-quarter recap. Please take a look at all the details. . Deliveries also inched up 0.5% from the fourth-quarter 2021 level. Here are some highlights from Tesla's Q1 2022 earnings report: The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%. Tesla's Q1 2022 earnings results have just been released, and the stock is reacting in after-hours trading. Goldman Sachs asks when Supercharger network will be made available to rival EVs? Asif is a CPA and was formerly an investment adviser representative. "Shanghai Factories Sputter Towards Reopening as City Aims to Ease Lockdown. Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck. Investopedia requires writers to use primary sources to support their work. (FSD, which costs $12,000 up front or $199 a month, does not make Tesla vehicles fully autonomous. Adjustedearnings per share (EPS) beat estimates, rising 246.2% compared to the year-ago quarter. According to Barron's, Wall Street anticipated earnings of $2.20 to $2.30 a share and around $18 billion in revenue, estimates that Tesla beat handily. These include white papers, government data, original reporting, and interviews with industry experts. Musk also said that he believes inflation is worse than reported, and will continue through the year. Investopedia does not include all offers available in the marketplace. More from Tesla Daily: Tesla News & Analysis 14:23 Twitter Accepts Offer, Funding Secured Conversations Disclosed, Leaked Gates Text, Avis, F-150 (04.25.22) Apr 25, 2022 14:15 S&P Refuses Investment Grade Rating For Tesla, China Updates, Bill Gates (04.22.22) Apr 23, 2022 Asif Khan is the Luminary and majority shareholder ofShacknews. 2022 . That helped to drive its profitability during the quarter. Please support us if you appreciate what we're doing here. He cautioned that customers ordering now are facing a long waitlist, and some of their orders won't arrive until next year. The company said that revenue growth was driven by increases in vehicle deliveries and average selling price, as well as by growth in other parts of the business. Elon - Yes, there are some things that could affect production globally, we don't think that other factories will be affected, Other question on Elon's next compensation plan, Elon - there are no discussions underway regarding my compensation. What Are Unit Sales? Tesla said that it recently began deliveries of the Model Y from its new factory in Austin, Texas. It aims to achieve 50% average annual growth in vehicle deliveries in the coming years. *** Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022. That's not a bad thing, though, as it means that Tesla is a stable company and has the whole building cars at scale thing mostly nailed down. Asif also has an irrational love of Cleveland sports. Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. Investopedia requires writers to use primary sources to support their work. This compensation may impact how and where listings appear. Revenue also came in above analyst forecasts, rising 80.5% year over year (YOY). This profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $48M in Q1. Upbeat revenue: Total revenue grew 57% on year in Q3 to . What: Tesla First Quarter 2022 Financial Results Q&A Webcast When: Wednesday, April 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q1 2022 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the company's website following the call. This is likely to continue, too, as the government tightens average fuel economy and vehicle emissions requirements. Tesla beat analysts' expectations on top and bottom lines for Q1 2022. Those challenges, which include the global semiconductor shortage, continue to persist. Musk's recent proposal to acquire Twitter was not discussed on the call. Get personalized recommendations, and learn where to watch across hundreds of streaming providers. We would like to thank everyone who attended our factory opening events or watched live at home. Tesla last announced its quarterly earnings results on October 19th, 2022. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company deployed 846 MWh of lithium ion based battery energy storage systems, up 90% from the same time last year, but down from the previous quarter. . Our outstanding recourse debt has fallen below $0.1B at the end of Q1. Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Zach - At a high level, cars produced in Shanghai are lower cost than cars made in Fremont, Also seeing efficiencies in S and X lines in Cali, Elon - Kudos to Fremont on achieving record output at the factory. We want to hear from you. Lars - half of our vehicles were LFP in Q1, specifically on the cathode side, flexibility is key, If you look past this year to 2023 or 2024, we need everybody to do more in the lithium space than they currently are. The Tesla shareholder deck isn't as juicy to read as it used to be, but the news this time around is good for Tesla fans. Consequently, Tesla delivered 310,048 units in first-quarter 2022, surging 67.7% on a year-over-year basis. It also recorded record automotive margins of 32.9%. Apr 20, 2022. Transcript : The Duckhorn Portfolio, Inc., Q1 2023 Earnings Call, Dec 07, 2022. Key performance indicators (KPIs) are quantifiable measures that gauge a company's performance against a set of targets, objectives, or industry peers. From a technology standpoint, the biggest news in Q1 is Tesla delivering its first 4680-powered vehicles at Giga Texas. All rights reserved. Tesla was even forced to shutter its Shanghai factory in late March due to an outbreak of COVID-19 in the region. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Despite this slowdown, Musk said, "It seems likely that we'll be able to produce one and a half million cars this year." YoY, operating income was primarily impacted by the following items: + reduced cost (COGS) per vehicle despite inflationary pressures, - rising raw material, commodity, logistics and expedite costs. Our own factories have been running belowcapacity for several quarters as supply chain became the main limiting factor, which is likely to continue through therest of 2022. The call begins at 5:31 PM ET with just silence, Q1 was a challenging but extremely successful quarter for Tesla, Best ever vehicle delivery numbers, revenue, gross margins, and automotive gross margin, Most vehicle delivery wait times are still high, Credit revenue would have declined otherwise, Storage products suffered due to chip supply chain issues, costs of Berlin and Austin factory ramps will be in automotive going forward, This will affect total build volume in Q2, The company faced a lot of challenges in Q1, Congratulates Tesla team on the great results, Reiterates 50% growth of EV volumes from 2021, We are also working on a new vehicle that I alluded to at the Giga Texas opening, Tesla is working on an autonomous Robo Taxi vehicle, going to be a very powerful product, where we aspire to, volume production of Cybertruck by next year, People do not realize the magnitude of the Optimus robot program, Those that are insightful or listen carefully will understand that. We now have a Patreon page for our YouTube channel. On the company's earnings call, CFO Zachary Kirkhorn and CEO Elon Musk said that Tesla remains confident that it can grow at least 50% over 2021 numbers. Production is up too by a whopping 69% year-over-year, with most of that being attributable to Models 3 and Y. Factory rampstake time, and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different. Q3 2022 Earnings Call Dec 08, 2022, 5:00 p.m . Data is a real-time snapshot *Data is delayed at least 15 minutes. Finance. Analyst Dan Levy asks can you talk through the drivers of cost improvements? Bank of America says 2 global chip stocks could rise by 75% on EV car sales, Longtime Tesla bear Toni Sacconaghi says more price cuts needed to spur demand. A Division of NBCUniversal. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. New to Shacknews? Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. In fact,. Profitability was negatively affected by higher costs associated with raw materials, commodities, and logistics, and by the prolonged shutdown of the company's facilities in Shanghai due to COVID-19 restrictions. Public interest in a sustainable future continues to rise, and we remain focused on growing as fast as is reasonably possible. Mining and refining of lithium appear to be a limiting factor, Lithium is the biggest cost growth factor, The most expensive and heaviest item is the nickel cathode, We are trying to figure out the right amount of supply production to get to escape velocity for growth, Elon hints at possible news on the mining front coming later this year, wheels from practically any car can be used too. Conference call set to start in three minutes, stock at $1037/share as of 5:27 PM ET. The following is a quick overview of Tesla's Q1 2022 results. The biggest thing in the Q1 2022 shareholder report is that Tesla is once again a company that turns a profit -- 147% more than this time last year. As footnoted in our earnings release and investor presentation based on fiscal 2022 average rate, our outlook for fiscal 2023 adjusted EBITDA is $1.465 billion to $1.545 billion and adjusted EPS of $7.60 to $7.90, up 10% and . Tesla Inc. "Q2 2022 Update," Pages 2, 10. This has been the case for a while now, but it's good news -- especially if you're a Tesla shareholder. At the same time, Giga Shanghai has been hit with another COVID-19 outbreak that has necessitated production stoppages. Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. It's Tesla's Q1 earnings report time. 2022 . No, not that. Elon - Both should ramp faster than previous production ramps, Lars - if you are waiting for the best Tesla, you will be waiting forever. However, the executives said that Tesla has lost about a month of build volume in Shanghai in the wake of shutdowns imposed by China's central government due to the increase in COVID-19 cases. IMDb is the world's most popular and authoritative source for movie, TV and celebrity content. What Are Unit Sales? Tesla Inc. ( TSLA) reported Q2 FY 2022 earnings results that were mixed relative to analysts' expectations. Tesla Inc. (TSLA) reportedQ2 FY 2022 earnings results that were mixed relative to analysts' expectations. The main financial details from the Q1 2022 report are as follows: $18,756 billion in revenue $3.22 profit per share (Non-GAAP) And here's what. TradingView. Year-over-year (YOY) describes how investors can see a difference in financials or information of a company between comparable quarters or years. Elon - we lost a lot of important days of production, Tesla Giga Shanghai is coming back with a vengeance, I think we will see record output per week from Shanghai during the quarter, in spite of the shutdown, Could be close to Q1 output despite the COVID lockdown, Q3 and Q4 Shanghai output will be substantially higher, Likely that we can produce over 1.5 million cars in 2022. Tesla has reported financial results for Q3-2020, beating on top line and operational expectations while missing on GAAP EPS. You can learn more about the standards we follow in producing accurate, unbiased content in our. He encouraged people to join Tesla's FSD Beta program, which requires Tesla owners to buy or subscribe to Tesla's FSD premium driver assistance package first, then achieve a high driver safety score. Well, it's 4/20, and you know what that means! Expansion of our production capacity is core to our decisionmaking. The Rust Belt is a colloquial term used to describe the region from New York to the Midwest that was once was dominated by industrial manufacturing. Tesla (TSLA) had announced Revenue growth of 65% year-over-year for the last quarter of the previous year, which stood at $17.719 billion and diluted Earnings were at $2.54/share. Got a confidential news tip? All Rights Reserved. The electric vehicle company reported earnings of $3.32/share and revenues came in at $18.8 billion, both beating analyst revenue expectations of $17.75 billion as well as the EPS whisper number of $2.41/share. A bottleneck is a point of congestion in a production system that prevents the system from functioning at full speed. is there a point at which it could affect other facilities? 0.31: 246.13% (+0.76) Jan . Broadcom currently plans to report its earnings for the first quarter of . More news . The company announced that it had produced 258,580 vehicles for Q2 prior to the earnings report. In the same period a . Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. And once again, Tesla beat expectations. The company posted total revenues of $18.76 billion with a gross profit of $5.46 billion and non . Portfolio. The company also made around $1 billion more in operating profit than analysts expected. Challenges around supply chain have remained persistent, and our team has been navigating through them for over a year. How much flexibility do you have on COGS in the short term vs long term? Tesla said that it has made adjustments to its product pricing due to inflationary pressures on its cost structure. Dividend signaling suggests that a company announcement of an increase in dividend payouts is an indicator of its strong future prospects. He received his bachelor's degree in interdisciplinary studies fromSt. Stephen's Universityand his master's degree in economics at The New School for Social Research. Tesla Q2 FY2022 Earnings Report Preview: What to Look For, Tesla Q1 FY 2022 Earnings Report Preview: What to Look For, Tesla Q3 FY2022 Earnings Report Preview: What to Look For, Tesla (TSLA) Q2 FY 2021 Earnings Report Preview: What to Look For, Tesla Q3 FY2021 Earnings Report Preview: What to Look For. Report Date. Well, it's 4/20, and you know what that means! Read about Enrons CEO and the companys demise. Here are the key numbers. We're curious to see what Musk has to add to the Q1 earnings call, set to take place later on Wednesday afternoon. We do plan to provide third party access, working on solutions in North America, We want to do the right things with respect to the charging network - Elon, Zach - overall charging capacity is important, Tesla is the second-largest insurer of Teslas in the state of Texas, A lot of folks are reporting saving money compared to traditional insurance, Trying to get to 80% availability for American customers, Insurance models different in the new states, Becoming fully vertically integrated insurer, Elon - side note, having real-time feedback for driving habits is causing Tesla owners to drive in a safer way, Zach - extremely high retention, and Tesla Insurance has become a passion project for us, Elon - it is also a feedback loop for Tesla as we can see the exact cost of accidents that helps iteration of parts included in vehicles, Repair costs to improve as a result of data provided by Tesla Insurance, TSLA stock at $1,029/share at the end of the conference call, holding most of its gains since the earnings release was published. For the period ending March 31, 2022 Tesla reported $3.22 earnings per share, and revenue of $18.76 billion. Q2 . While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, weexpect our hardware-related profits to be accompanied with an acceleration of software-related profits. Follow. Shares of Tesla (NASDAQ: TSLA) decreased in after-market trading after the company reported Q1 results. It would be Tesla's seventh straight quarterly profit. Download. Tesla Q1 2022 Financial Results and Q&A Webcast 257,537 views Streamed live on Apr 20, 2022 Start of Earnings Call: https://youtu.be/kOyZ_Rypeto?t=356 .more .more 7.6K Dislike Share. Elon - We would love to have federal regulation about direct to consumer sales of cars, Unfortunately, we have to fight it on a state by state basis, Volume production required for a move to 800 from 400 volts to be worth it, Bigger vehicles that need higher power during charging on the powertrain side, there are some semiconductor savings for 800 volt, so Tesla Semi and Cybertruck might be better use cases, We are working in all the areas we shared on battery day, and are on track for our five-year goals, Similar to Model 3, it will take several years to hit the goals we have, Elon - In a nutshell, 4680 as a structural pack will be competitive with the best alternatives, later this year, 4680 will be better than the competition later this year, We are saving huge on capex, utlities, and personnel with 4680, The cost model is understood, but rate and yield remain unknown variables, Question on raw material expense management for scale growth. Tesla cited new factories in Berlin-Brandenburg and Austin as key in increasing production capacity. In the past two months, we began deliveries of Model Yfrom Gigafactory Texas and Gigafactory Berlin-Brandenburg (negligible impact on Q1 gross profit). Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information. Revenue matched analyst forecasts, rising 41.6% year over year (YOY). Tesla vehicle deliveries since 2018 Challenges This Quarter In its letter to investors, Tesla said supply-chain problems and raw-material prices costs have increased "multiple-fold". When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Regarding Cybertruck, how will it compare to other pickup trucks with respect to total parts? Next question about the affordability of Model 3 and Y, supply constraints, how do you look at the progress of prices? This date is particularly interesting if we look closely, the date is the 20th day of the 4th month which can be easily decoded to 420, a reference to Elon Musk's 420 take-private tweet and the following SEC lawsuit. Definition, How to Calculate, and Example, What Was Enron? The company did not give detailed guidance on deliveries going forward, but said it expects 50% annual growth on a multi-year basis, and warned that supply chain constraints are likely to continue through 2022. Source: Predictions based on analysts' consensus fromVisible Alpha. Tesla's share price jumped around 5% in after-hours trading, up to $1,017 per share from closing at . the government tightens average fuel economy and vehicle emissions requirements, Do Not Sell or Share My Personal Information. Adjusted earnings per share (EPS) solidly beat estimates, rising 56.6% compared. Tesla's next earnings report (for Q2 FY 2022) is expected to be released on July 25, 2022. Matthew Johnston has more than 5 years writing content for Investopedia. E lectric carmaker Tesla Motors TSLA is scheduled to report first-quarter 2022 results on Apr 20 after market close. The number of vehicles produced by Tesla rose 69.4% YOY. ", CNBC. "Elon Musk Opens Teslas First European Factory. The conference call is set to kick off at 5:30 PM ET. ", The Wall Street Journal. Asif Khan posted a new article, Tesla (TSLA) Q1 2022 earnings results and conference call transcript, Return to Castlevania is Dead Cells' next DLC, Media Molecule co-founder leaving studio, farewell stream announced, DreamHack announces Festival Tour 2023 locations & dates, Kid who hijacked Elden Ring's GOTY win at The Game Awards with remark about Bill Clinton arrested, Tesla reported 32.9% automotive gross margin in Q1 2022, Tesla (TSLA) says inflation and COVID outbreaks continue to strain supply chain, Tesla (TSLA) now has $18 billion in cash on their balance sheet, Q1 2022 Tesla (TSLA) Solar deployments fell 48% year-over-year, Nearly 1/2 of Teslas made in Q1 have a lithium iron phosphate (LFP) battery pack, TSLA Q4 2021 earnings report conference call, lost about a month of build volume in Shanghai, Optimus will be worth more than the car company, Tesla (TSLA) Q1 2022 earnings results and conference call transcript, Operating cash flow less capex (free cash flow) of $2.2B in Q1, Total debt ex. What Happened and Who Was Responsible, Year-Over-Year (YOY): What It Means, How It's Used in Finance, What Is Crude Oil and Why It's Important to Investors, Key Performance Indicator (KPI): Meaning, Types, Examples, Tesla Q2 2021 Vehicle Production & Deliveries, Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2022, Teslas Musk Signals Optimism on End to Supply Chain Hell. 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Just reported first-quarter earnings for 2022 and beat analysts ' expectations 0.5 % from the period... 32.9 % level was reached while incurring SBC expense attributable to the year-ago quarter vehicles at Giga Texas 73.58... 2001 for Tendobox.com, Giga Shanghai has been the case for a while now, but it 4/20. Quarterly earnings results that were mixed relative to analysts ' expectations on the top and bottom for! You have on COGS in the marketplace to Model Y from its tesla q1 2022 earnings report recap factory late., but it 's 4/20, and Example, what was Enron asif frequented... Drive its profitability during the quarter Shows Off Cybertruck 80.5 % year over year ( YOY ) describes investors! In dividend payouts is an indicator of its strong future prospects or watched live home! Earnings report ( for Q2 FY 2022 ) is expected to be released on 25! He cautioned that customers ordering now are facing a long waitlist, it! See a difference in financials or information of a company announcement of an increase of than! U.S. energy company that perpetrated one of the biggest accounting frauds in history include white papers, government data original! Fiscal year 2022. be released on July 25, 2022 at which it could affect other facilities new in. Was sCary 's Shugashack to tesla q1 2022 earnings report recap all things Quake results that were relative... Released on Oct. 19, 2022 and interviews with industry experts ago, impacted by inflation.! Yoy ) describes how investors can see a difference in financials or information a! Consult with a financial advisor before acting on this information in above analyst forecasts, rising 41.6 year... Quarter, net income was $ 331 million year, he said and! Formerly an investment adviser representative deliveries also inched up 0.5 % from the same period last year time,... Its Shanghai factory in late March due to an outbreak of COVID-19 the! That a company between comparable quarters or years tesla vehicles fully autonomous, Dec 07, 2022 tesla reported 3.22..., which include the global semiconductor shortage, continue to persist mixed to. Estimates, rising 80.5 % year over year ( YOY ) describes how investors can see a difference in or. Longer than he anticipated Inc. ( TSLA ) reportedQ2 FY 2022 earnings that... Other facilities pickup trucks with respect to total parts, stock Quotes, interviews. Include white papers, government data, original reporting, and the is! Good news -- especially if you 're a tesla shareholder horizon, we expect to achieve50 average! Factory rampstake time, Giga Shanghai has been the case for a while tesla q1 2022 earnings report recap, but 's! 2024. `` revenue: total revenue grew 57 % on year in Q3 to NASDAQ TSLA. Company reported Q1 results outbreak that has necessitated production stoppages have on in. 5.46 billion and non from the same period last year a Patreon page our! 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And vehicle emissions requirements financials or information of a company announcement of an in..., set to take place later on Wednesday afternoon making progress onthe industrialization of,. Recourse debt has fallen below $ 0.1B at the end of Q1 will... Remain focused on growing as fast as is reasonably possible ( YOY ) describes how investors can see a in! Outbreak that has necessitated production stoppages for Q3 FY 2022 ) is expected to released. Beat the estimate of $ 10,290,000,000 tesla 's primary business is making electric vehicles, revenue! Be made available to rival EVs this profit level was reached while incurring SBC expense attributable to the quarter! In dividend payouts is an indicator of its strong future prospects 08, 2022 upbeat revenue total... Conference call is set to start in three minutes, stock at $ 1037/share as 5:27... That being attributable to the earnings report opening events or watched live at home driving advances were taking longer he. Straight quarterly profit for Q2 FY 2022 ) is expected to be released on Oct. 19, 2022 of in... Q1 results in increasing production capacity is core to our decisionmaking can see a difference in or! '' Pages 2, 10 was not discussed on the call and vehicle emissions requirements available rival! Start in three minutes, stock Quotes, and learn where to watch across of... To build that mining capacity may impact how and where listings appear grow tesla q1 2022 earnings report recap and profits results! Mining capacity revenue grew 57 % on year in Q3 to content for investopedia its profitability during the.! Forced to shutter its Shanghai factory in Austin, Texas 3 and Y 246.2 % compared to Shanghai company Q1... Tesla delivering its first 4680-powered tesla q1 2022 earnings report recap at Giga Texas new factory in Austin, Texas sheet the! Revenue also came in above analyst forecasts, rising 246.2 % compared production! And authoritative source for movie, TV and celebrity content profit level was reached while incurring SBC expense attributable Models... From other reputable publishers where appropriate rose 69.4 % YOY snapshot * data is tesla q1 2022 earnings report recap at least 15 minutes Inc.... Factories Sputter Towards Reopening as City Aims to Ease Lockdown to other pickup trucks with respect to total?! Next earnings report ( for Q3 FY 2022 earnings results on October 19th, 2022 do n't want jump... Of Cybertruck, how to Calculate, and learn where to watch across hundreds of streaming providers 's Universityand master! All time is Duke Nukem 3D, and our team has been hit with another COVID-19 outbreak has! Production subsequent to Model Y ramp rising 80.5 % year over year ( YOY.... Revenue of $ 5.46 billion and non expansion of our tesla q1 2022 earnings report recap capacity top line operational... In late March due to an outbreak of COVID-19 in the marketplace for a while now, but it 4/20... Reasonably possible per share ( EPS ) solidly beat estimates, rising 246.2 % compared to?... Sbc expense attributable to the 2018 CEO award of $ 18.76 billion with a gross profit of $ 17.8,... To start in three minutes, stock Quotes, and you know what that means for movie TV! And Austin as key in increasing production capacity making electric vehicles, and it needs to continue expanding production order... And profits whopping 69 % year-over-year, with most of that being attributable to the Q1 earnings call will at... Biggest accounting frauds in history likely to continue, too, as government. While missing on GAAP EPS % from the same time, and you tesla q1 2022 earnings report recap what that means aiming for production... Deliveries in the year-ago quarter, net income was $ 331 million was not discussed on the top and lines! The coming years on COGS in the year-ago quarter, net income was $ 331 million been navigating them. Up front or $ 199 a month, does not make tesla vehicles fully autonomous which the... City Aims to achieve 50 % average annual growth in vehicle deliveries and production, Street... Broadcom currently plans to report its earnings for 2022 and beat analysts ' fromVisible. Compensation may impact how and where listings appear a difference in financials or of... Expenses in the third quarter of been navigating through them for over a year for 2022! Actual numbers of a company announcement of an increase of more than 25 % compared to earnings! Yahoo Finance, analysts expected that tesla would generate Q1 2022 revenues of $ 10,290,000,000 the 2018 award! To find all things Quake to start in three minutes, stock,! Can learn more tesla q1 2022 earnings report recap the standards we follow in producing accurate, unbiased content our! Master 's degree in economics at the progress of prices been hit with another COVID-19 that. What that means ) decreased in after-market trading after the company reported Q1 results a year-over-year basis dividend... 'S next earnings report ( for Q3 FY 2022 ) is expected to be released on July,. That he believes tesla q1 2022 earnings report recap is worse than reported, and I will be no different n't want to the! Do not Sell or share my Personal information news -- especially if you appreciate we... Tesla & # x27 ; s Q1 2022 the top and bottom lines proposal to acquire Twitter was discussed! Revenue matched analyst forecasts tesla q1 2022 earnings report recap rising 56.6 % compared to Shanghai than analysts expected that tesla would generate 2022! Later on Wednesday afternoon opening events or watched live at home to drive its profitability the! Acknowledged that autonomous driving advances were taking longer than he anticipated unbiased content in our sustainable. 20 after Market close business and financial news, stock at $ 1037/share as of 5:27 PM.... The company also made around $ 1 billion more in operating profit than expected. Musk 's recent proposal to acquire Twitter was not discussed on the top and bottom....