Tesla

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.

Carmaker's chief touts potential for robotaxi to drive growth as it grapples with chip shortage and factory closure.

Electric car company reports $18.8bn in revenue for the first quarter, up 81% from a year before.

The settlement included a gag order that Musk and his attorneys called unconstitutional. Musk said he anticipated deliveries would recover over the next quarter and that Tesla would be able to produce 1.5m vehicles in 2022. “I’ve never been more optimistic or excited about the future of Tesla than I am right now.”

With Tesla's strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new ...

Advertisement Tesla reported quarterly revenue of $18.76 billion and so-called adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $5.02 billion. Advertisement

SAN FRANCISCO :Tesla Inc results surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply ...

Advertisement For example, Leonardo DiCaprio-backed Polestar's ad took a potshot at Tesla and Volkswagen. Tesla shut down its Chinese factory for about three weeks before resuming production gradually this week. Advertisement Advertisement Advertisement

EV giant Tesla reported its first-quarter performance; faced challenges to global supply chain, transportation, labor and manufacturing.

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Tesla CEO Elon Musk says the company's robot, named Optimus, will be "worth more than the car business."

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The electric automaker released its quarterly earnings on Wednesday, announcing that it had made $3.3 billion in profit on over $18.7 billion in revenue.

The company has also continued its trend of making more per car — its gross automotive margin was 32.9 percent in Q1 2022, compared to 26.5 percent in Q1 2021. It was also a busy quarter for Tesla for reasons unrelated to its finances. The earnings report also follows a robust quarter for delivery and production for Tesla. The company said it sent 310,048 vehicles to its customers in Q1 2022. Last summer, the company reported that its manufacturing and energy sales business was profitable for the first time without counting emission credit sales. Amid supply chain constraints and production delays in China, Tesla reported that it earned a $3.3 billion profit in the first quarter of 2022. The company generates this revenue by selling these credits to automakers that make fewer “clean” vehicles than are required by the US government and the European Union.

Elon Musk is trying to take over Twitter. Meanwhile, Tesla's China production lines have been halted.

The cable enables owners to charge their vehicles using a simple wall outlet, although it is considered more of a stopgap because it charges slowly. Tesla said in its earnings release that supply chain challenges have been “persistent," citing chip shortages, raw materials prices and even the need for cost adjustments — which it tied to inflation. Musk sought to explain the change to stop including the mobile connector, saying: “Usage statistics were super low, so seemed wasteful,” but owners were unsatisfied. Musk has historically been sensitive to government-mandated factory shutdowns, lashing out in 2020 in response to shelter-in-place orders that required the closure of Tesla’s main Fremont, Calif. plant. “The answer is: They are.” The company recently announced it would not be including charging cables with its new cars, prompting an outcry from even Musk’s most fervent supporters. Tesla said in its earnings release Wednesday that “limited production has recently restarted” at the Shanghai plant. Tesla reported a $3.3 billion profit for the first quarter. Along the way, it has faced profitability concerns, regulatory fights and production challenges that posed massive hurdles for Musk. Already Tesla buyers are waiting in some places for more than six months to get their new vehicles, analysts said. “Outstanding work by Tesla team & key suppliers saved the day.” Analysts and investors have expressed concern that Musk is stretched too thin — not only by the demands of Tesla, which has opened multiple new factories in recent weeks, but other responsibilities as CEO of rocket builder SpaceX and several smaller companies.

We may pull a rabbit out of the hat. Q3 and Q4 will be substantially higher.”

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After Tesla reported record revenue and profits for the first quarter of 2022 on Wednesday, 16.9 million of CEO Elon Musk's options worth $15.3 billion (before ...

Musk has one more milestone to achieve before unlocking the last of 26.4 million options from an earlier performance award granted in 2012: four straight quarters with a gross profit margin of 30% or more. That may seem like a modest sum for the world’s richest person, whose fortune exceeded that of his runner-up rival Jeff Bezos by some $83 billion before taking into account Wednesday’s likely option vestings. With an exercise price of only $6.24 per share, those options would have been worth another $2.6 billion if they’d vested Wednesday. First, the Tesla board has to officially certify the result after the company’s quarterly report is filed with the SEC. Were these options to vest on Wednesday, Musk’s net worth would rise to $278.2 billion, up from the estimated $262.9 billion he was worth as of the market’s close. Not counting the new options that likely vested, Musk has already pledged more than half his 21% Tesla stake as collateral for loans–some of which were taken out when the shares were worth far less. Each quarter, if Tesla meets certain revenue, earnings and stock price goals, Musk can earn up to two tranches of Tesla options from this award.

Tesla's first-quarter earnings report ticked all the boxes. The EV company earned $3.22 a share. Analysts were looking for closer to $2.30 a share.

The company essentially beat inflation by substituting materials and relentlessly focusing on manufacturing. - Print Article - Order Reprints

The auto maker said first-quarter sales jumped roughly 80% to $18.76 billion, generating a profit of $3.32 billion. Wall Street expected the company to report ...

- Opinion: Vladimir Putin’s Gift to NATO You may cancel your subscription at anytime by calling Customer Service. Results beat Wall Street’s expectation on both sales and profit.

Tesla beat Wall Street's estimates with a stick, shares are rising as analysts pile praise on the quarter.

- Print Article Tesla beat Wall Street’s first-quarter financial estimates with a stick, and the stock was rising as analysts pile praise on report. - Order Reprints

Tesla Inc.'s ability to navigate a global supply crunch and exceed Wall Street expectations has given its stock a rare distinction among big, fast-growing ...

The stock rose 7.7% to $1052 at 6:45 a.m. in premarket trading, leaving it down about 0.5% for the year. Tesla Inc.’s ability to navigate a global supply crunch and exceed Wall Street expectations has given its stock a rare distinction among big, fast-growing companies: It’s poised to erase most of its losses for the year.

The world's leading producer of electric vehicles posted its most profitable quarter fueled by record deliveries. Elon Musk says a dedicated Tesla robotaxi ...

Still, “And we remain on track to reach volume production of the Cybertruck next year,” he said. “It's fundamentally optimized for trying to achieve the lowest but fully considered cost per mile, cost per kilometer.” “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022.” “Despite numerous supply interruptions, including shutdowns in our Shanghai factory and nearby suppliers due to COVID, we’ve continued making progress and achieved our best-ever vehicle deliveries,” Tesla CFO Zack Kirkhorn said in a conference call. Musk’s EV juggernaut, like all other automakers, is also contending with supply-chain disruptions, particularly a shortage of semiconductors, and rising prices for the raw materials that go into the batteries and other components that power its vehicles. However, a three-week shutdown of production operations at its Shanghai plant that may have cost the company up to 50,000 units worth more than $2 billion and ongoing restrictions for its operations in China cloud the near-term outlook.

Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks ...

Musk first announced the robot last summer at Tesla's AI Day, a series of tech talks hosted by the company to recruit machine learning talent. He is years behind schedule on a 2016 promise that Tesla would deliver self-driving cars since by 2017, and recently said that Tesla is "not currently working" on a $25,000 self-driving vehicle that he said in 2020 would launch by 2023. "Those who are insightful or who listen carefully will understand that Optimus ultimately will be worth more than the car business and worth more than full self-driving.

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 reported a quarterly profit of $3.3 billion and signaled that production would keep growing despite shutdowns in China.

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. The stock rose 7.1% before the opening bell Thursday, trading at $1,046.81 a share.

Electric car giant's CEO says he is not in talks on new bonus scheme after completing 2018 deal early.

Each tranche gives Musk the right to buy 8.4m Tesla shares at $70, a huge discount on the current $977 price of the stock. Instead, Elon’s only compensation will be a 100% at-risk performance award, which ensures that he will be compensated only if Tesla and all of our stockholders do extraordinarily well.” His profit on each tranche could be $7.7bn, or a combined value of $23bn. The payments need to be signed off by the board, and he must hold on to the shares for five years before selling. How many millions of people could be lifted out of current fuel poverty, through energy efficiency and renewable installations, with that bonus – instead of giving one man an even greater fortune to play God with?” The results, combined with the growth in Tesla’s share price performance, mean Musk has hit targets that should lead to a bonus share payout worth about $23bn. The shares jumped 11% in early trading on Thursday to $10.60.

Elon Musk says he's secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or ...

Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares.

Tesla previously announced a brilliant plan to take off-lease Teslas and turn them into robotaxis, something almost nobody else could do.

However, if they need to, and are willing to eat crow, their huge resources give them the option of acquiring a startup that managed to create a working stack to meet their needs, so they are a force to be feared. They will be a bit bothered that sedans are harder to get in and out of, and the fact that you can’t sit face to face with people. It may be another “Robezium” design like the Cruise Origin and Zoox (a roughly symmetrical box with a roughly trapezium-style shape.) It may look like the vehicles teased by “The Boring Company.” It’s hard to see it being worth saving 40% of the cost. As usual, Tesla continues to surprise — their earnings certainly did — and it’s in a good position to do well in this space if it can build a working full self-driving system. That means they can operate a robotaxi fleet at only 60% of the vehicle cost compared to anybody trying to build a dedicated robotaxi who has to buy the vehicles new. Few companies sell low cost city-only vehicles, because customers only like to buy cars that can drive them everywhere — but they are great for urban dwellers and for taxi services. That makes it much harder to use debt financing to build the fleet, since if the business fails, the vehicles may just be scrapped. Tesla indicated that it would simply take existing Tesla cars that came off-lease, and quickly convert them to be in the robotaxi fleet. It’s only easy if you are the car OEM and designed the car for that conversion. It was suggested that if you were willing to hire out your car, it would make very big money for you — Elon Musk said one would be crazy to buy any other car, since a Tesla would make money rather than cost money. Initially, they said that once they had achieved actual “full self driving” (not to be confused with their current offering of that name) they would create a “Tesla Network” taxi service that would make use of both Tesla owned vehicles and customer cars from customers willing to let their cars be hired out when not in use. “We are also working on a new vehicle that I alluded to at the Giga Texas opening, which is a dedicated robotaxi.

Droids to overtake cars in size, a dedicated robotaxi model in two years time and surprising discipline over Musk's $43 billion Twitter bid are just some of ...

Prices for battery-grade lithium carbonate and lithium hydroxide have been soaring so fast, Tesla is already factoring in the higher costs into its current vehicle prices now. Why the pivot to robots, given Tesla expressed no interest in the market until its AI Day last August? Simple. Musk believes a prerequisite to completing FSD is developing actual artificial intelligence. First confirmed earlier this month at the opening ceremony of its Texas factory, Musk said his team is at work on a dedicated robotaxi vehicle that would maximize space by doing away with controls such as steering wheel and pedals. This suggests the Optimus bot and any various derivatives would eventually rake in a minimum of $50 billion in annual revenue, if not more—something even hard-core bulls like New Street Research's Pierre Ferragu found hard to believe. Yet Musk’s bullish message—backed up with record profitability, a very healthy order backlog that would keep factories busy for months, along with a consistent rise in average selling prices—means the stock opened 10% higher. Maintaining this furious pace of growth is considered fundamental to earning the high valuation multiples that underpin Tesla's $1 trillion market cap.

An "X" holding company that Elon Musk uses to acquire Twitter could morph into more down the road.

Tesla CEO Elon Musk has created a number of new holding companies, Bloomberg has learned. The new corporate structures could be a vehicle for his Twitter bid. Tesla’s Musk Forms a New Holding Company. Is It for Twitter or Something Bigger?

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 Inc shares rose after the carmaker reported better-than-expected earnings and Elon Musk predicted production will grow at a fast clip for the rest of ...

Three holding companies to help facilitate bid for Twitter · Billionaire has considered creating parent for his businesses.

Tesla Inc's eye-popping profit margin has raised doubts among Wall Street analysts if the company would be able to keep at it amid rising commodity costs ...

While demand has remained strong in the face of higher prices, affordability will always be an important factor to consider." For Tesla, this implies production rampup would play a crucial role. Register now for FREE unlimited access to Reuters.com

The electric-vehicle company is rapidly becoming the king of the side hustle. History suggests that doesn't have to hurt the stock.

Tesla (ticker: TSLA) bulls believe the other businesses are a good thing, while bears have their doubts. It is a conglomerate of many, many business ideas that are funded by a ultradominant core operation. Tesla is rapidly becoming the king of the side hustle.