TSLA

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 (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.

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.

As noted by CEO Elon Musk in previous statements, Tesla is now focused on an expansion of its production capacity. The past two months are a testament to this ...

16:45 CDT – The second question is about Giga Shanghai’s shutdown and the localization of the supply chain in Berlin. Musk noted that Shangai did lose lots of days. Musk also noted that it takes about 12 month to go from the start of production to 5,000 vehicles per week. The ironic part is that Tesla is still rated at Ba1 or below investment grade by Moody’s Investor Service and S&P Global Ratings. Is a facepalm in order? Musk noted that it may seem unfair that Tesla is increasing its prices despite having record profits, but the demand is there. In response to a follow-up from the analyst, Musk noted that Tesla is hoping that it does not need to raise prices anymore. The CEO also noted that there are special teams to help ramp production in Berlin and Texas. Musk added that with the structural pack, the body shop gets a lot simpler. Musk noted that the advantages are small but the costs are high. 17:10 CDT – Analyst Dan Levy CSFB notes that one of the Model 3’s goals is to make an attainable car. “We hope we don’t need to increase the price further,” Musk said, though he noted that Tesla does not control the prices of raw materials. Musk noted that the amount may be a lot now, but it’s difficult to predict inflation. The CEO stated that Tesla would like to do something useful with the funds. As for Tesla insurance, it is now the second-largest insurer of Teslas in Texas. The program is progressing well, however.

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.

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, Inc. (NASDAQ:NASDAQ:TSLA) Q1 2022 Results Conference Call April 20, 2022 05:30 PM ET Company Participants Martin Viecha - VP, IR Elon Musk - CEO ...

Tesla (TSLA) pushed higher in early trading on Thursday after the company's Q1 earnings report impressed investors and analysts with the benefits of ...

BMW had an ad about the X1. GM promoted its Ultium electric platform, which powers a series of new electric vehicles starting with the GMC Hummer EV. Kia ...

For some, likely many, Tesla proved to be the best option. Hyundai, Kia’s partner, also bought a Super Bowl ad to promote the Ioniq 5. Tesla has confirmed that its order rate surged following this year’s Super Bowl, which featured many electric vehicle ads.