Tesla earnings

The EV maker revealed it delivered an all-time record number of vehicles, but setbacks loom at its Shanghai factory.

Last month, Musk tweeted about his “Master Plan Part 3,” supposedly the next installment in a grand life scheme that encompasses all of his various projects. It’s the latest of Musk’s claims to eventually achieve fully self-driving cars, although he has thus far failed to do so. Austin’s factory will build the long-awaited Cybertruck pick-up and Semi trucks, the former of which was first unveiled in 2019 and has been delayed several times to 2023, much to fans’ dismay. The idling came at the end of the first quarter, and is likely to make a bigger dent in the company’s second-quarter results, as the Shanghai factory is its largest by output and could see a reduction of about 90,000 vehicles over these weeks, according to Credit Suisse estimates. Worse, however, is a report from Bloomberg this week that described Tesla’s return-to-work rules for Shanghai staff operating in China’s closed-loop system, which requires employees to sleep on the factory floor with company-provided sleeping bags, shower in still-unfinished on-site facilities; and work 12 hours a day, 6 days a week, until at least May 1. Those sales comprise the vast majority of Tesla’s revenue, which analysts are predicting to be $17.7 billion—up over 70% from last year.

Tesla beat earnings views Wednesday, while the EV giant slowly reopens its Shanghai factory. Tesla stock jumped after hours.

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." Tesla stock has a 1,152.97 cup-with-handle buy point, according to MarketSmith chart analysis. It hopes to ramp up production to about 1,000 electric vehicles per week by the end of the month and up to 10,000 per week by year end, according to Electrek, citing local reports. Last Friday, Twitter adopted a "poison pill" plan to fend off Musk's hostile takeover attempt. Musk is Twitter's largest shareholder with a 9.1% share. Tesla's relative strength line has slipped in recent days, but is still near all-time highs. Estimates: Tesla earnings per share were expected to more than double vs. "Although limited production has recently restarted, we continue to monitor the situation closely." "Furthermore, prices of some raw materials have increased multiple-fold in recent months. Production is likely to be limited at first. It could be mid-May or later before Tesla Shanghai returns to pre-shutdown output levels. That was roughly in line with views.

Tesla Inc. reported better-than-expected first-quarter results, buoyed by strong demand for its electric vehicles amid ongoing supply-chain challenges and a ...

It cautioned that production remains constrained by shortages of key components, a common refrain for automakers due to global bottlenecks on supplies of semiconductors and other parts. Tesla Inc. reported better-than-expected first-quarter results, buoyed by strong demand for its electric vehicles, but warned of supply-chain challenges for the rest of the year.

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian ...

Amid inflationary pressures, parts and semiconductor chip shortages exacerbated by the ongoing pandemic and Russia's brutal invasion of Ukraine, Tesla global vehicle inventory dwindled to a three-day supply in the first quarter of 2022. 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. In its energy segment, Tesla's solar deployments dropped by nearly half to 48 MW in the first quarter of 2022 versus the same time last year. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the period ending March 31, 2022. 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. He cautioned that customers ordering now are facing a long waitlist, and some of their orders won't arrive until next year.

Tesla shareholders have been spending a lot of time following CEO Elon Musk's grand play to buy Twitter. Come Wednesday night they'll be focused once again ...

Will he have to sell some of his Tesla stake to come up with the cash? Musk also hasn't disclosed how he will finance his bid to buy the additional shares, which could cost in the neighborhood of $40 billion. , which is expected to provide a breakthrough in both costs and the distance a vehicle can travel on a single charge. If it can't stick to its better than 50% annual growth path, the company's stock could take a tumble. Here's a rundown of what to look for in its earnings report and call with investors. The question is are they going to give any guidance?"

While Tesla ( TSLA ) CEO Elon Musk has been making headlines for other reasons in recent days, the focus for investors turns back to his electric car ...

Investors will want to hear more about how inflation may be impacting profit margins, and will be focused on what the overall impacts will be from the Shanghai plant production delays. But investors are likely thinking guidance for second quarter will be hit, and that might be what is concerning them ahead of the report. Tesla is set to report first-quarter earnings after the bell today, and investors seem pessimistic about what they'll hear.

Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here. Tesla reports first-quarter results after the market closes ...

Tesla (TSLA) has released its financial results and shareholders letter for the first quarter of 2022 after market close today.

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. Refresh for the latest information. 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.

The electric-vehicle maker said its factories are likely to continue operating below capacity this year due to supply chain bottlenecks.

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. The company’s long-term goal is to increase customer deliveries by an average of 50% annually.

Tesla's (TSLA) Q1 earnings and revenue exceeded analyst expectations. Its vehicle production numbers, reported earlier in the month, missed estimates.

The number of vehicles produced by Tesla rose 69.4% YOY.6 Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. Investopedia does not include all offers available in the marketplace. That helped to drive its profitability during the quarter.2 These choices will be signaled globally to our partners and will not affect browsing data. Those challenges, which include the global semiconductor shortage, continue to persist. The offers that appear in this table are from partnerships from which Investopedia receives compensation. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Adjusted earnings per share (EPS) beat estimates, rising 246.2% compared to the year-ago quarter. The company's shares rose more than 4% in extended trading. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. However, the company has faced numerous challenges due to global supply chain disruptions. Tesla, Inc. (TSLA) reported Q1 FY 2022 earnings results that surpassed analysts' expectations.

Since the release of its Q1 2022 delivery results, several Wall Street analysts have been updating their price target on Tesla to adjust to the new record ...

Using the existing assumptions in our model and extending them to 2027 results in a materially higher price target and compounded annual rate of return. Conventional Wall Street analysis consistently undervalues Tesla’s multiple business lines, its massive scale, its expanding margin profile, its leading revolution in complex manufacturing, its approach to real-world AI, its vertical integration, its software stack, and much more. This lead is expanding.

Tesla Inc. late Wednesday reported another record quarter of sales and profit, blowing past Wall Street estimates even though it said its factories continue ...

Tesla will achieve volume production of the vehicle in 2024, Musk said. A beta version of the suite has been available to some owners. “I’ve never been more optimistic and excited in terms of the future than I am right now,” Musk said in the call. Tesla said that a spike in COVID-19 cases ended in a temporary shutdown of the Shanghai factory and of parts of the company’s supply chain. The ramp up in the newer factories also will depend on the supply-chain snags, Tesla said. Musk reiterated that Tesla is working on a new vehicle, which will be a “dedicated robotaxi” that would be “highly prioritized for autonomy,” with no steering wheel or pedals and “a number of other innovations,” he said.

Tesla's first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla's new factory in Texas. ... Tesla 's first- ...

The company essentially beat inflation by substituting materials and relentlessly focusing on manufacturing. - Order Reprints Tesla’s Earnings Crushed Expectations Despite Inflation. The Stock Is Up.