Tesla earnings

At 6 p.m. eastern time, Tesla shares were up about 1% in after hours trading. Shares rose 0.8% in regular hours trading, closing at $742.50. Tesla stock has ...

Tesla Tesla

Tesla is out with the company's Q2 2022 earnings results, and the stock is moving in after-hours trading. The EV company reported earnings of $2.27/share ...

Tesla's cash flows would have actually been negative in Q2 2022 without the sale of their Bitcoin position. The company also attributed the EPS beat to increased average selling prices of their vehicles. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. Conversions in Q2 added $936M of cash to our balance sheet. We are continuing to invest in capacity expansion of our factories to maximize production. Factory ramps take time, and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different. We continued to make significant progress across the business during the second quarter of 2022. YoY, operating income was primarily impacted by the following items: The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency and the capacity and stability of the supply chain. Tesla is out with the company's Q2 2022 earnings results, and the stock is moving in after-hours trading. We will be streaming the TSLA Q2 2022 conference call on our Shacknews Twitch channel. This resulted in an overall record gross profit.

Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three months of the year, the first time since ...

"But in spite of all these challenges, it was one of the strongest quarters in our history," he said. Tesla has a target to grow global sales by 50% or more annually for the foreseeable future, and at the start of this year Musk said Tesla expected to be "comfortably above" that target in 2022. Right now, there's a giant roaring sound which is the sound of money on fire." CFO Zachary Kirkhorn said the company made a profit on the value of those sales, despite the sharp drop in the value of Bitcoin in recent months. Revenue of $16.9 billion in the quarter fell 10% from the first quarter, but was up 42% from a year ago. "I'll work at Tesla as long as I can usefully advance the cause of sustainability and autonomy."

Tesla's second-quarter earnings report tells a story of quarterly declines and year-over-year growth. The company reported Wednesday a quarterly decline in ...

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Tesla Inc on Wednesday reported a higher-than-expected quarterly profit as a string of price increases on its best-selling electric vehicles helped offset ...

While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions," said Laura Hoy, analyst at Hargreaves Lansdown. Tesla has not sold any of its holdings of the Dogecoin cryptocurrency. Tesla said it has converted approximately 75% of its bitcoin purchases into fiat currency, which added $936 million of cash to its balance sheet. He dismissed the idea that global economic problems were hurting interest in Tesla, despite vehicle prices' rising to what he called "embarrassing levels." Tesla's China factory ended the second quarter with a record monthly production level. Register now for FREE unlimited access to Reuters.com

The electric-vehicle maker reported its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its ...

Tesla Profit Falls in Second Quarter as Supply Chain Problems Hurt ... The world's largest maker of electric cars struggled with production problems in China.

“We are focused on a record-breaking second half of 2022,” Tesla said in its earnings presentation. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.” The market for electric vehicles is becoming more competitive, and traditional carmakers are eroding Tesla’s lead. Tesla has not been able to increase production at new factories in Austin, Texas, and near Berlin as planned. Getting them ramped up and restoring the Shanghai factory to normal operations are Tesla’s main priority, he said. And earnings in the quarter exceeded analyst estimates. The company said on Wednesday that it had sold about 75 percent of its Bitcoin by the end of June. Sales fell to $16.9 billion from $18.8 billion in the first quarter. But she expressed concern about Tesla’s exposure to Bitcoin. Compared with the second quarter of 2021, profit nearly doubled. (The deliveries were up 26 percent from a year earlier.) But the last quarter was bumpy.

My name is Martin Viecha, VP of investor relations; and I'm joined today by Elon Musk, Zachary Kirkhorn, and a number of other executives. Our Q2 results were ...

But that's a testament to our software team that we're able to roll a new chip into the car, write a whole new patch of software for that chip and -- without interrupting production. That's outside of Dojo in terms of the -- I guess, on the inference side, you're certainly doing that in the car, but what about sort of the more mundane areas like microcontrollers and the like? They're very -- they're smart and they're hardworking. So the following question is with regards to the ramp of production in Austin and Berlin. How is the situation with regards to supply of semiconductors, battery cells and other components? And I think we will have -- I'm highly confident we will solve full self-driving and it still seems to be this year. And that makes the planes lighter and better. And now let's go to the questions from investors. We are expecting to be -- still expecting to be in production with the Cybertruck in the middle of next year. So -- and that mileage is growing exponentially. If you've got to be -- the car has got to be crunching to trigger the seatbelt tensioner. So also making good progress with production ramp with Berlin. We achieved an important milestone of 1,000 cars a week in June. And we're expecting -- sorry, our Giga Texas to exceed the 1,000-vehicle per week milestone and hopefully in the next few months. My name is Martin Viecha, VP of investor relations; and I'm joined today by Elon Musk, Zachary Kirkhorn, and a number of other executives.

EV market leader beats profit estimates in latest quarter · CEO: Automaker hasn't soured on Bitcoin despite impairment.

Tesla TSLA +0.66% stock is rising after the electric-vehicle manufacturer beat analysts' quarterly estimates again. But the company's second quarter wasn't ...

Tesla Q2 2022 Earnings Report Recap · Tesla (TSLA) Financial Results: Analysis · TSLA Vehicle Production · TSLA Outlook and Stock Performance · TSLA Earnings Call ...

Shares of Tesla stock were up 2.1% in extended trading hours immediately following the company's earnings release Wednesday, and continued to climb Thursday, up nearly 7.5% in midday trading. When you visit this site, it may store or retrieve information on your browser, mostly in the form of cookies. Investopedia does not include all offers available in the marketplace. Profitability was negatively affected by higher costs associated with raw materials, commodities, and logistics, and by the prolonged shutdown of the company's facilities in Shanghai due to COVID-19 restrictions.1 Tesla cited new factories in Berlin-Brandenburg and Austin as key in increasing production capacity.5 The company increased its production of Model S/X vehicles by over 600% YOY, while Model 3/Y production grew at a much more modest 19% YOY.4