Search Results Found For: "tesla margin"

Teardown specialist Sandy Munro: Tesla Model 3 should deliver 30% profit margin

Model 3 is rolling out of the factory and onto the roads, and so far owners are making happy noises. But can Tesla make a profit on its much-anticipated mass-market EV? The results of two recent teardowns suggest the answer is a resounding yes. Earlier this year, a group commissioned by German automakers dismantled several… Read more »

Tesla Q2 earnings report: record billion-dollar income, delays for Semi and Cybertruck

The headline figure of Tesla’s second-quarter 2021 earnings report was a blockbuster: $1.1 billion in GAAP net income, a new record for the company and an astounding success for a young automaker. The milestone was reached thanks to the soaring sales of Models 3 and Y—the former is now outselling many gas burners in several… Read more »

Tesla reports fourth consecutive quarter of profit, is now eligible to join S&P 500

Tesla can’t seem to take a wrong turn these days—the company announced a second-quarter profit that sent the stock price soaring, and cleared the way for the California carmaker to be added to the S&P 500 stock index. Tesla has now been profitable for a full year on a GAAP basis, which is one of… Read more »

Tesla surprises with Q1 profit, has “record backlog” of orders

Tesla has extended its earnings streak, posting a surprise profit in the first quarter, typically a tough one for automakers. The company reported record levels of production, and says its vehicle order backlog is the highest it’s ever been. “Q1 2020 was the first time in our history that we achieved a positive GAAP net… Read more »

Sandy Munro says the Tesla Cybertruck’s unorthodox design makes it cheap to manufacture

Sandy Munro, the auto manufacturing expert who delivered some detailed insights about Tesla’s manufacturing strengths and weaknesses after tearing down a Tesla Model 3, recently made some comments about the upcoming Cybertruck. Of course, Munro hasn’t gotten his hands on an actual Cybertruck (as far as we know, Jay Leno is the first non-employee to… Read more »

The important takeaways from Tesla’s earnings coup

Tesla’s earnings announcements often feature big surprises, but this one was a bolt of lightning. The California carmaker earned $1.86 a share in the third quarter, far exceeding even the most optimistic projections (according to Bloomberg, the smart money was expecting a 24-cent loss). Revenue actually came in just short of expectations, at 6.3 billion… Read more »

Tesla’s new wiring architecture could greatly reduce vehicle build time

Tesla has devised a new wiring architecture for its vehicles that could greatly streamline production. The new wiring system is designed to allow robots to handle more of the assembly process. One of the main reasons for the highly-publicized delays in early production of Model 3 was that Tesla tried to introduce too much automation,… Read more »

Tough times for Tesla – Q1 earnings report lays out large loss

Tesla had a rough week. In its first-quarter 2019 earnings report, it described a loss of $702 million, or $4.10 per share – quite large even by Tesla’s standards, and greater than the $1.81 per share that Wall Street analysts (surveyed by FactSet) had forecast. Q1 revenue of $4.54 billion also fell short of expectations,… Read more »

Lots of news to digest as Tesla demos latest Autopilot system

At the recent Autonomy Investor Day, Tesla highlighted the progress it’s been making on its Autopilot system, and discussed its vision for the future of self-driving. Elon Musk and several other company execs, including Director Peter Bannon, Senior Director of Artificial Intelligence Andrej Karpathy, and VP of Engineering Stuart Bowers, made presentations for an audience… Read more »