Search Results Found For: "tesla margin"

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 »

Tesla cuts workforce by 7 percent, warns of “very difficult” road ahead

Tesla announced that it will cut around 3,000 jobs – some 7 percent of its workforce – as it struggles to bring Model 3 prices down to an affordable, mass-market level. Elon Musk said the company did manage to squeeze out a profit in the final quarter of 2018, but warned that the “road ahead… Read more »

Tesla’s back! Q3 earnings report includes record revenue and healthy profit

Those of us who saw past the tweets and the alarmist headlines were expecting good news from Tesla’s third-quarter earnings report, as it became apparent that demand for Model 3 remains robust as the company emerges from production hell. However, even most true believers were expecting a small loss, or perhaps a nominal profit. Instead,… Read more »

Wall Street comfortably digests Tesla’s Q2 results

Tesla isn’t like other companies, and you can never tell how Wall Street will react to a particular quarterly earnings report. Like gourmands digesting a culinary oeuvre, those of us who aspire to be seen as wise have learned to wait a day or so to let things settle before passing judgement (or making stock… Read more »