It's 5:30 PM ET and the call has not started. A Division of NBCUniversal. 2022 CNBC LLC. The company said that June 2022 was its highest production month ever. After much success in his own personal investments, heretired from his day job in financial services and is currently focused on new private investments. Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. is there a point at which it could affect other facilities? Some interesting stories of note from Tesla's Q1 2022 earnings release: Investors and traders will be keeping their eyes on the TSLA Q4 2021 earnings report conference call which is set to begin at 5:30 PM ET. He cautioned that customers ordering now are facing a long waitlist, and some of their orders won't arrive until next year. Tesla Inc. "Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2022. Keep an eye on this article for a transcription of the call right here. No, not that. This is likely to continue, too, as the government tightens average fuel economy and vehicle emissions requirements. We also reference original research from other reputable publishers where appropriate. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. However, the executives said that Tesla has lost about a month of build volume in Shanghai in the wake of shutdowns imposed by China's central government due to the increase in COVID-19 cases. Were excited to see people so passionate about mass manufacturing and a sustainable future. The electric vehicle company reported earnings of $3.32/share and revenues came. Tesla's (NASDAQ:TSLA) first quarter 2022 earnings results blew expectations out of the water. "Shanghai Factories Sputter Towards Reopening as City Aims to Ease Lockdown. Investopedia requires writers to use primary sources to support their work. The call begins at 5:31 PM ET with just silence, Q1 was a challenging but extremely successful quarter for Tesla, Best ever vehicle delivery numbers, revenue, gross margins, and automotive gross margin, Most vehicle delivery wait times are still high, Credit revenue would have declined otherwise, Storage products suffered due to chip supply chain issues, costs of Berlin and Austin factory ramps will be in automotive going forward, This will affect total build volume in Q2, The company faced a lot of challenges in Q1, Congratulates Tesla team on the great results, Reiterates 50% growth of EV volumes from 2021, We are also working on a new vehicle that I alluded to at the Giga Texas opening, Tesla is working on an autonomous Robo Taxi vehicle, going to be a very powerful product, where we aspire to, volume production of Cybertruck by next year, People do not realize the magnitude of the Optimus robot program, Those that are insightful or listen carefully will understand that. The company began preparing to reopen the plant earlier this week. It aims to achieve 50% average annual growth in vehicle deliveries in the coming years. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. The following is a quick overview of Tesla's Q1 2022 results. Tesla Inc. "Tesla Q2 2021 Vehicle Production & Deliveries. Next question about the affordability of Model 3 and Y, supply constraints, how do you look at the progress of prices? According to Barron's, Wall Street anticipated earnings of $2.20 to $2.30 a share and around $18 billion in revenue, estimates that Tesla beat handily. Early this month, Tesla reported vehicle deliveries of 310,048 for the first quarter, the closest approximation of sales disclosed by the company. From a technology standpoint, the biggest news in Q1 is Tesla delivering its first 4680-powered vehicles at Giga Texas. Tesla's next earnings report (for Q3 FY 2022) is expected to be released on Oct. 19, 2022. ", Tesla Inc. "Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2022.". When he is not immersed in investments or gaming he is a purveyor of fine electronic music. This profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $48M in Q1. Data is a real-time snapshot *Data is delayed at least 15 minutes. Source: Predictions based on analysts' consensus fromVisible Alpha. We will be streaming the TSLA Q4 2021 conference call on our Shacknews Twitch channel. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Both Giga Texas and Giga Berlin are delivering limited numbers of vehicles, which is impressive considering that both facilities are under construction. R&D expenses in the third quarter of . 66,322 Followers. Production at its new Gigafactory Berlin-Brandenburg began last month. Source: Predictions based on analysts' consensus fromVisible Alpha. The conference call is set to kick off at 5:30 PM ET. Revenue growth was driven by vehicle deliveries, increased average selling prices, and growth in other areas of the company's business. Tune into our livestream over on Twitch, or check back here for a transcript of the call and Q&A session. However, the execs noted that the company has lost about a month of "build volume" in Shanghai due to Covid-related shutdowns. Press . This date is particularly interesting if we look closely, the date is the 20th day of the 4th month which can be easily decoded to 420, a reference to Elon Musk's 420 take-private tweet and the following SEC lawsuit. Earnings per share: $3.22 vs $2.26 expected. He received his bachelor's degree in interdisciplinary studies fromSt. Stephen's Universityand his master's degree in economics at The New School for Social Research. Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022. "The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%," said Tesla. Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. ", Bloomberg. We don't want to jump the gun on a fun product announcement. Download. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. ", The Wall Street Journal. Elon - We would love to have federal regulation about direct to consumer sales of cars, Unfortunately, we have to fight it on a state by state basis, Volume production required for a move to 800 from 400 volts to be worth it, Bigger vehicles that need higher power during charging on the powertrain side, there are some semiconductor savings for 800 volt, so Tesla Semi and Cybertruck might be better use cases, We are working in all the areas we shared on battery day, and are on track for our five-year goals, Similar to Model 3, it will take several years to hit the goals we have, Elon - In a nutshell, 4680 as a structural pack will be competitive with the best alternatives, later this year, 4680 will be better than the competition later this year, We are saving huge on capex, utlities, and personnel with 4680, The cost model is understood, but rate and yield remain unknown variables, Question on raw material expense management for scale growth. More from Tesla Daily: Tesla News & Analysis 14:23 Twitter Accepts Offer, Funding Secured Conversations Disclosed, Leaked Gates Text, Avis, F-150 (04.25.22) Apr 25, 2022 14:15 S&P Refuses Investment Grade Rating For Tesla, China Updates, Bill Gates (04.22.22) Apr 23, 2022 Over the past year, Tesla's shares have provided atotal returnof 35.8%, below the S&P 500's total return of 7.9%. Matthew Johnston has more than 5 years writing content for Investopedia. Q4 2022 Earnings Call Dec 08, 2022, 5:00 p.m. Tesla Inc. ( TSLA) reported Q2 FY 2022 earnings results that were mixed relative to analysts' expectations. TradingView. The business had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. The company announced that it had produced 258,580 vehicles for Q2 prior to the earnings report. Tesla produced 305,407 vehicles in Q1, a dramatic increase from the year-ago quarter. On the price increase front, the waitlist for our cars is quite long, Prices of vehicles ordered now are anticipating supply chain cost growth, A car ordered today will arrive in some cases a year from now, We are not demand limited, we are production limited, Zach adds, there are different ways to calculate raw materials exposure, 10-15% of Tesla cost structure is related to raw materials, inflationary pressures have been felt for several quarters, The timing for the costs to hit the income statement are a bit delayed due to contracts being negotiated, Pricing is tied to the upcoming renegotiated raw materials contracts. So, now, let me cover our fourth-quarter and full-year 2022 guidance. No, not that. These include white papers, government data, original reporting, and interviews with industry experts. Challenges around supply chain have remained persistent, and our team has been navigating through them for over a year. YoY, operating income was primarily impacted by the following items: + reduced cost (COGS) per vehicle despite inflationary pressures, - rising raw material, commodity, logistics and expedite costs. What Are Unit Sales? Tesla has reported financial results for Q3-2020, beating on top line and operational expectations while missing on GAAP EPS. We plan to grow our manufacturing capacity as quickly as possible. Jul 20, 2022. Zach - At a high level, cars produced in Shanghai are lower cost than cars made in Fremont, Also seeing efficiencies in S and X lines in Cali, Elon - Kudos to Fremont on achieving record output at the factory. Is there any data on FSD progress in 2022? Revenue Tesla posted total revenues of $18.756 billion with a gross profit of $5.460 billion. Regulatory credits accounted for $679 million of automotive revenue for the quarter. My name is Matt, and I will be your moderator for. Q3 2022 Earnings Call Dec 08, 2022, 5:00 p.m . The fiscal year 2022 average conversion rate for the pound-sterling was $1.28, compared to $1.50 in early November 2022. Earnings Data. . Q&A. Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. Tesla vehicle deliveries since 2018 Challenges This Quarter In its letter to investors, Tesla said supply-chain problems and raw-material prices costs have increased "multiple-fold". Here are the key numbers. Do the numbers hold clues to what lies ahead for the stock? As footnoted in our earnings release and investor presentation based on fiscal 2022 average rate, our outlook for fiscal 2023 adjusted EBITDA is $1.465 billion to $1.545 billion and adjusted EPS of $7.60 to $7.90, up 10% and . Tesla's Q1 2022 earnings results have just been released, and the stock is reacting in after-hours trading. Kyle Hyatt (he/him/his) hails originally from the Pacfic Northwest, but has called Los Angeles home for the past decade. Tesla Inc. "Q2 2022 Update," Pages 2, 10. Key Points. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The rate of growth will depend on our equipment capacity,operational efficiency and the capacity and stability of the supply chain. We want to hear from you. Revenue of $10,389,000,000 up by 73.58% from the same period last year, which beat the estimate of $10,290,000,000. Download. 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. Investors Relations Contact: ir@tesla.com Well, it's 4/20, and you know what that means! As with most of the . . ", Yahoo! By Rob Maurer . Asif Khan posted a new article, Tesla (TSLA) Q1 2022 earnings results and conference call transcript, Return to Castlevania is Dead Cells' next DLC, Media Molecule co-founder leaving studio, farewell stream announced, DreamHack announces Festival Tour 2023 locations & dates, Kid who hijacked Elden Ring's GOTY win at The Game Awards with remark about Bill Clinton arrested, Tesla reported 32.9% automotive gross margin in Q1 2022, Tesla (TSLA) says inflation and COVID outbreaks continue to strain supply chain, Tesla (TSLA) now has $18 billion in cash on their balance sheet, Q1 2022 Tesla (TSLA) Solar deployments fell 48% year-over-year, Nearly 1/2 of Teslas made in Q1 have a lithium iron phosphate (LFP) battery pack, TSLA Q4 2021 earnings report conference call, lost about a month of build volume in Shanghai, Optimus will be worth more than the car company, Tesla (TSLA) Q1 2022 earnings results and conference call transcript, Operating cash flow less capex (free cash flow) of $2.2B in Q1, Total debt ex. Definition, How to Calculate, and Example, What Was Enron? Key performance indicators (KPIs) are quantifiable measures that gauge a company's performance against a set of targets, objectives, or industry peers. Adjusted earnings per share (EPS) solidly beat estimates, rising 56.6% compared. Next question, How much impact of Shanghai shutdown in Q2? Despite this slowdown, Musk said, "It seems likely that we'll be able to produce one and a half million cars this year." Bank of America says 2 global chip stocks could rise by 75% on EV car sales, Longtime Tesla bear Toni Sacconaghi says more price cuts needed to spur demand. Investor Relations Investor Relations Tesla Releases Third Quarter 2022 Financial Results Tesla Releases . Elon - we absolutely want to make EVs as affordable as possible, That inflation appears to be likely to continue in 2022, Suppliers requesting 20-30% increases in part costs, Especially with Robo Taxi and autonomy, we will end up providing consumers with the lower cost/mile transport they have ever experienced, Elon - I encourage entrepreneurs to get into the lithium business, Lithium margins are practically software margins, Can more people get into the lithium business? Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. New to Shacknews? "Price Chart: TSLA and S&P 500. Upbeat revenue: Total revenue grew 57% on year in Q3 to . Tesla was even forced to shutter its Shanghai factory in late March due to an outbreak of COVID-19 in the region. Listen. Analysts expect Tesla to report adjusted net income of $842.5 million, or 75 cents a share on sales of $10.48 billion. Get personalized recommendations, and learn where to watch across hundreds of streaming providers. We are making progress onthe industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y ramp. E lectric carmaker Tesla Motors TSLA is scheduled to report first-quarter 2022 results on Apr 20 after market close. The Tesla Q1 2022 earnings call will begin at 4:30 p.m. CT / 5:30 p.m. PT. At the same time, we are putting significant efforts into in-house cell production, raw material procurement and supplier diversification. Quarterly Disclosure Other Documents & Events Year Year Quarter Earnings Date Production & Delivery . Apr 20, 2022. the government tightens average fuel economy and vehicle emissions requirements, Do Not Sell or Share My Personal Information. How much flexibility do you have on COGS in the short term vs long term? Shares of Tesla (NASDAQ: TSLA) decreased in after-market trading after the company reported Q1 results. The company said declines in solar deployments were caused by import delays on certain components that were beyond Tesla's control. Likewise, efforts to reduce costs associated with manufacturing and operations could lead to an acceleration in both hardware- and software-related profits. The extent to which other plants outside of China are insulated from supply chain issues? Tesla produced 305,407 vehicles in the quarter, which it reported earlier in the month and which came in below analysts' forecasts. Broadcom currently plans to report its earnings for the first quarter of . [1] As per the Investing.com earnings calendar [2], the automaker is projected to report higher Revenue of $17.63 billion, compared to 10.48 billion a year ago. Analyst Dan Levy asks can you talk through the drivers of cost improvements? "Tesla reports $18.76 billion in revenue and record margins in Q1. "Production is resuming at limited levels, and we're working to get back to full production as quickly as possible," Kirkhorn said. All Rights Reserved. Tesla Q1 2022 Earnings Report: Beats Expectations Again#EV #ElectricVehicle #EVPediaTesla just released its Q1 2022 earnings report and the numbers are impre. Austin, Texas, April 2, 2022 - In the first quarter, we produced over 305,000 vehicles and delivered over 310,000 vehicles, despite ongoing supply chain challenges and factory shutdowns. This compensation may impact how and where listings appear. Elon, with respect to FSD, I have never really seen any more false dawns than I have seen in full self-driving, the whole world is built of biological neural networks and eyes, Need to create computer visions neural net that surpasses humans, We have over 100,000 people in the Tesla FSD Beta program, Putting out a new release almost every two weeks. Tesla produced 258,580 vehicles in Q2, an increase of more than 25% compared with the year-ago quarter but below analysts' predictions. "With respect to full-self driving, of any technology development I've ever been involved in, I've never really seen more kind of false dawns where it seems like we're going to break through but we don't." Our outstanding recourse debt has fallen below $0.1B at the end of Q1. FUJIAN MINFA ALUMINIUM INC. company earnings calendar and analyst expectations - Upcoming and past events | Shenzhen Stock Exchange: 002578 | Shenzhen Stock Exchange Manchester United (MANU) delivered earnings and revenue surprises of 41.67% and 16.19%, respectively, for the quarter ended September 2022. The most important EV news and perspective delivered straight to your inbox at high-speed. Key performance indicators (KPIs) are quantifiable measures that gauge a company's performance against a set of targets, objectives, or industry peers. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information. Follow. Yeehaw, Tesla made money in Q1 2022. A bottleneck is a point of congestion in a production system that prevents the system from functioning at full speed. Total revenue grew 81% YoY in Q1 to $18.8B. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the period ending March 31, 2022. Transcript : The Duckhorn Portfolio, Inc., Q1 2023 Earnings Call, Dec 07, 2022. It's Tesla's Q1 earnings report time. Stop by if you are into that sort of thing. Our total debt excluding vehicle and energy product financing fell to less than $0.1B at the end of Q1. The biggest thing in the Q1 2022 shareholder report is that Tesla is once again a company that turns a profit -- 147% more than this time last year. This has been the case for a while now, but it's good news -- especially if you're a Tesla shareholder. Tesla, the largest EV maker on Earth, just released their Q1 2022 earnings results. Tesla Inc. (TSLA) reportedQ2 FY 2022 earnings results that were mixed relative to analysts' expectations. 12/07/2022 | 05:00pm EST . During an earnings call after results were announced, Chief Financial Officer (CFO) Zachary Kirkhorn and Chief Executive Officer (CEO) Elon Musk said the company remains confident that it can increase volume at least 50% compared to 2021 numbers. Get this delivered to your inbox, and more info about our products and services. Tesla's Q3 Earnings Report Shows Strong Fundamentals. "Elon Musk Delivers First Teslas Made in Texas, Shows Off Cybertruck. We also reference original research from other reputable publishers where appropriate. Revenue matched analyst forecasts, rising 41.6% year over year (YOY). In addition to chip shortages, recent COVID-19 outbreaks have been weighing on our supply chain and factory operations. Musk also said that he believes inflation is worse than reported, and will continue through the year. Those challenges, which include the global semiconductor shortage, continue to persist. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Automotive revenue reached $16.86 billion, up 87% from the same period last year. We do plan to provide third party access, working on solutions in North America, We want to do the right things with respect to the charging network - Elon, Zach - overall charging capacity is important, Tesla is the second-largest insurer of Teslas in the state of Texas, A lot of folks are reporting saving money compared to traditional insurance, Trying to get to 80% availability for American customers, Insurance models different in the new states, Becoming fully vertically integrated insurer, Elon - side note, having real-time feedback for driving habits is causing Tesla owners to drive in a safer way, Zach - extremely high retention, and Tesla Insurance has become a passion project for us, Elon - it is also a feedback loop for Tesla as we can see the exact cost of accidents that helps iteration of parts included in vehicles, Repair costs to improve as a result of data provided by Tesla Insurance, TSLA stock at $1,029/share at the end of the conference call, holding most of its gains since the earnings release was published. Musk's recent proposal to acquire Twitter was not discussed on the call. We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. Lars - the simplicity of our structure is significant, Architecture is always working to reduce parts counts, Ignoring the battery, we are about 20-30% less, Elon - we do expect to increase output from Nevada. 2022 CNET, a Red Ventures company. Here are the key numbers. Tesla will hold a robotaxi event next year, he said, and is "aiming for volume production in 2024.". Conference call set to start in three minutes, stock at $1037/share as of 5:27 PM ET. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Quarterly Results Earnings per share were up 304.35% over the past year to $0.93, which beat the estimate of $0.79. Public interest in a sustainable future continues to rise, and we remain focused on growing as fast as is reasonably possible. Deliveries also inched up 0.5% from the fourth-quarter 2021 level. Tesla Earnings Date & Reports. We would like to thank everyone who attended our factory opening events or watched live at home. In comparison, analysts expected. Tesla has also announced the company's Q1 2022 Earnings Call date which is Wednesday 20th April 2022. Shares of Tesla (TSLA) initially jumped above $1,000/share on the release of today's report, but have since pared some of those gains in after-hours trading. Investopedia does not include all offers available in the marketplace. The company posted total revenues of $18.76 billion with a gross profit of $5.46 billion and non . Tesla stock has outperformed the broader market in the last year, providing 1-year trailing total returns of 12.4% compared with -8.9% for the S&P 500. Dividend signaling suggests that a company announcement of an increase in dividend payouts is an indicator of its strong future prospects. It would be Tesla's seventh straight quarterly profit. Find ratings and reviews for the newest movie and TV shows. The number of vehicles produced by Tesla rose 69.4% YOY. Jan 25, 2023. What: Tesla First Quarter 2022 Financial Results Q&A Webcast When: Wednesday, April 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q1 2022 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the company's website following the call. This compensation may impact how and where listings appear. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. Q&A. Impressive to see the modest improvement in COGS for vehicles despite inflation and supply chain issues? Tesla indicated plans to grow its manufacturing capacity as rapidly as possible. The company also made around $1 billion more in operating profit than analysts expected. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions: Short Tesla via out-of-the-money TSLA put options. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Tesla's Q1 2022 earnings results have just been released, and the stock is reacting in after-hours trading. Let me recap our financial performance for fiscal year 2022. . The record results were driven by improved gross margins of 30.5% on its automotive business and 26.6% overall.. Automotive gross margins jumped to a record 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. "Price Chart: TSLA and S&P 500. We're curious to see what Musk has to add to the Q1 earnings call, set to take place later on Wednesday afternoon. | December 10, 2022 . What Happened and Who Was Responsible, Rust Belt: Definition, Why It's Called That, List of States, Dividend Signaling: Definition, Theory, Research, and Examples, Key Performance Indicator (KPI): Meaning, Types, Examples, Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2022, Elon Musk Delivers First Teslas Made in Texas, Shows Off Cybertruck, Elon Musk Opens Teslas First European Factory, Shanghai Factories Sputter Towards Reopening as City Aims to Ease Lockdown, Tesla reports $18.76 billion in revenue and record margins in Q1. Tesla Q2 FY2022 Earnings Report Preview: What to Look For, Tesla Q1 FY 2022 Earnings Report Preview: What to Look For, Tesla Q3 FY2022 Earnings Report Preview: What to Look For, Tesla (TSLA) Q2 FY 2021 Earnings Report Preview: What to Look For, Tesla Q3 FY2021 Earnings Report Preview: What to Look For. What is expected for end of year? - Elon Musk. In the past two months, we began deliveries of Model Yfrom Gigafactory Texas and Gigafactory Berlin-Brandenburg (negligible impact on Q1 gross profit). Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Tesla Chief Executive Officer (CEO) Elon Musk spoke with analysts in a conference call after the Q2 results were released on Wednesday after the market close. 2022 . The automaker reported $2.26 billion in profit this quarter. Asif is a CPA and was formerly an investment adviser representative. ", The Wall Street Journal. The figures bested analysts expectations in both revenue and net income terms. These vehicles also have the single-piece front casting, which Tesla and its CEO Elon Musk have hyped up as a significant step toward reducing construction cost and complexity for the Model Y. The number of vehicles produced by Tesla rose 25.3% YOY. Tesla said that it has made adjustments to its product pricing due to inflationary pressures on its cost structure. Where does the tonnage demand of nickel, lithium ion, cobalt, phosphate go for the world as a whole over time? Production is up too by a whopping 69% year-over-year, with most of that being attributable to Models 3 and Y. The company said that revenue growth was driven by increases in vehicle deliveries and average selling price, as well as by growth in other parts of the business. It's Tesla's Q1 earnings report time. this year, we've seen increasingly . Expansion of our production capacity is core to our decisionmaking. Musk also acknowledged that autonomous driving advances were taking longer than he anticipated. Amid inflationary pressures, parts and semiconductor chip shortages exacerbated by the ongoing pandemic and Russia's brutal invasion of Ukraine, Teslaglobal vehicle inventory dwindled to a three-day supply in the first quarter of 2022. What Happened and Who Was Responsible, Year-Over-Year (YOY): What It Means, How It's Used in Finance, What Is Crude Oil and Why It's Important to Investors, Key Performance Indicator (KPI): Meaning, Types, Examples, Tesla Q2 2021 Vehicle Production & Deliveries, Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2022, Teslas Musk Signals Optimism on End to Supply Chain Hell. Year-over-year (YOY) describes how investors can see a difference in financials or information of a company between comparable quarters or years. The Tesla shareholder deck isn't as juicy to read as it used to be, but the news this time around is good for Tesla fans. The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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. Let's take a closer look at its fundamentals ahead of the earnings release. 0.31: 246.13% (+0.76) Jan . That's not a bad thing, though, as it means that Tesla is a stable company and has the whole building cars at scale thing mostly nailed down. For more details from Tesla's Q1 2022 earnings release, head on over to their investor relations website. However, the company has faced numerous challenges due to global supply chain disruptions. YoY, revenue was impacted by the following items: Our operating income improved to $3.6B in Q1, resulting in a 19.2% operating margin. Mining and refining of lithium appear to be a limiting factor, Lithium is the biggest cost growth factor, The most expensive and heaviest item is the nickel cathode, We are trying to figure out the right amount of supply production to get to escape velocity for growth, Elon hints at possible news on the mining front coming later this year, wheels from practically any car can be used too. Portfolio. Suzanne Cordeiro/AFP via Getty Images . You can learn more about the standards we follow in producing accurate, unbiased content in our. The electric vehicle company reported earnings of $3.32/share and revenues came in at $18.8 billion, both beating analyst revenue expectations of $17.75 billion as well as the EPS whisper number of $2.41/share. Read about Enrons CEO and the companys demise. A bottleneck is a point of congestion in a production system that prevents the system from functioning at full speed. Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $0.3B to $18.0B in Q1, driven mainly by free cash flow of $2.2B, partially offset by debt repayments of $2.1B. Not Confirmed. We now have a Patreon page for our YouTube channel. "Our own factories have been running below capacity for several quarters," Tesla said in its shareholder deck. Consequently, Tesla delivered 310,048 units in first-quarter 2022, surging 67.7% on a year-over-year basis. 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. Find Tesla earnings date updates and upcoming Tesla earnings report Jan 25, 2023 as well as EPS Forecast and TSLA top analyst price target consensus for Tesla . The pace of production ramps in Austin and Berlin will be influenced by the successful introduction of many newproduct and manufacturing technologies in new locations and ongoing supply chain-related challenges. That's down from a four-day supply of global vehicle inventory in the previous quarter, and eight-day supply during the first quarter of 2021. Q2 . Elon - Both should ramp faster than previous production ramps, Lars - if you are waiting for the best Tesla, you will be waiting forever. The Rust Belt is a colloquial term used to describe the region from New York to the Midwest that was once was dominated by industrial manufacturing. More news . Investopedia does not include all offers available in the marketplace. 2022: 2022 (Q1) 0.75 / 1.07. However, the reopening will be under modified conditions where workers will have to live onsite to comply with China's "closed loop management" process for limiting the spread of the coronavirus. That helped to drive its profitability during the quarter. Source: Predictions based on analysts' consensus from Visible Alpha Tesla (TSLA) Financial Results: Analysis Tesla, Inc. ( TSLA) reported Q1 FY 2022 earnings results that surpassed. Tesla recently opened new manufacturing plants in the U.S. and Germany. vehicle and energy product financing under $0.1B, $3.6B GAAP operating income; 19.2% operating margin in Q1, $3.3B GAAP net income; $3.7B non-GAAP net income (ex-SBC1) in Q1, Production & Deliveries started from Gigafactory Berlin in March 2022, Production & Deliveries started from Gigafactory Texas in April 2022. This article is only meant for educational purposes, and should not be taken as investment advice. In the same period a . Tesla cited new factories in Berlin-Brandenburg and Austin as key in increasing production capacity. Tesla Q1 2022 Financial Results and Q&A Webcast 257,537 views Streamed live on Apr 20, 2022 Start of Earnings Call: https://youtu.be/kOyZ_Rypeto?t=356 .more .more 7.6K Dislike Share. Signup for a Free Account. (FSD, which costs $12,000 up front or $199 a month, does not make Tesla vehicles fully autonomous. Tesla, Inc. (TSLA) reportedQ1 FY 2022 earningsresults that surpassed analysts' expectations. Finance. Elon - Yes, there are some things that could affect production globally, we don't think that other factories will be affected, Other question on Elon's next compensation plan, Elon - there are no discussions underway regarding my compensation. "Earnings Calendar: TSLA.". Definition, How to Calculate, and Example, What Was Enron? The company deployed 846 MWh of lithium ion based battery energy storage systems, up 90% from the same time last year, but down from the previous quarter. He is an expert on company news, market news, political news, trading news, investing, and the economy. Automotive margins decreased from last quarter and a year ago, impacted by inflation and . Regarding Cybertruck, how will it compare to other pickup trucks with respect to total parts? "Teslas Musk Signals Optimism on End to Supply Chain Hell.". Tesla said that it recently began deliveries of the Model Y from its new factory in Austin, Texas. It is4/20, and the company increased its production by 69%, so maybe he's just there as comic relief. He encouraged people to join Tesla's FSD Beta program, which requires Tesla owners to buy or subscribe to Tesla's FSD premium driver assistance package first, then achieve a high driver safety score. 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. While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, weexpect our hardware-related profits to be accompanied with an acceleration of software-related profits. ", Reuters. Asif Khan is the Luminary and majority shareholder ofShacknews. Goldman Sachs asks when Supercharger network will be made available to rival EVs? Zach - we will evaluate after shipping Optimus and Robo Taxi to figure out what is next. Over a multi-year horizon, we expect to achieve50% average annual growth in vehicle deliveries. Please support us if you appreciate what we're doing here. For the period ending March 31, 2022, Tesla reported $3.22 earnings per share. Elon - will this be something people can own or service? These include white papers, government data, original reporting, and interviews with industry experts. Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. Factory rampstake time, and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different. Tesla's next earnings report (for Q2 FY 2022) is expected to be released on July 25, 2022. Lars - half of our vehicles were LFP in Q1, specifically on the cathode side, flexibility is key, If you look past this year to 2023 or 2024, we need everybody to do more in the lithium space than they currently are. Shares rose as high as 6% in after-hours trading. However, it has been able to reduce its cost of goods sold (COGS) per vehicle despite the inflationary pressures. That concludes my third-quarter recap. Production is resuming at limited levels, and were working to get back to full production as quickly as possible, Kirkhorn said. "Elon Musk Opens Teslas First European Factory. Tesla (TSLA) had announced Revenue growth of 65% year-over-year for the last quarter of the previous year, which stood at $17.719 billion and diluted Earnings were at $2.54/share. The company recently opened new manufacturing plants in the U.S. and Germany. Investopedia requires writers to use primary sources to support their work. (NAPA) THE DUCKHORN PORTFOLIO Reports Q1 EPS $0.17: MT. ", CNBC. At what rate do you think Giga Berlin and Texas will ramp production compared to Shanghai? Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. IMDb is the world's most popular and authoritative source for movie, TV and celebrity content. It also recorded record automotive margins of 32.9%. Guidance Another reason for Tesla's continued financial success is an increase in its sales of regulatory credits. The main financial details from the Q1 2022 report are as follows: $18,756 billion in revenue $3.22 profit per share (Non-GAAP) And here's what. Got a confidential news tip? Q1 . Revenue also came in above analyst forecasts, rising 80.5% year over year (YOY). As with most of the previous quarters in recent memory, this particular shareholder deck is kind of a snoozer. Adjustedearnings per share (EPS) solidly beat estimates, rising 56.6% compared with the year-ago quarter. Elon - we lost a lot of important days of production, Tesla Giga Shanghai is coming back with a vengeance, I think we will see record output per week from Shanghai during the quarter, in spite of the shutdown, Could be close to Q1 output despite the COVID lockdown, Q3 and Q4 Shanghai output will be substantially higher, Likely that we can produce over 1.5 million cars in 2022. Here are some highlights from Tesla's Q1 2022 earnings report: The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%. Is there even enough time to build that mining capacity? He teaches macroeconomics at St. Stephen's University. Furthermore, prices of some raw materials have increased multiple-fold in recent months. Tesla last announced its quarterly earnings results on October 19th, 2022. Tesla beat analysts' expectations on top and bottom lines for Q1 2022. ), Musk declined to give details on a "futuristic" robotaxi that he said the company was now working on in early April. And once again, Tesla beat expectations. Tesla's share price jumped around 5% in after-hours trading, up to $1,017 per share from closing at . Operating expenses in the third quarter of 2022 were RMB 3.31 billion, or USD 465.6 million, increasing 73.4% year over year and 15.9% quarter over quarter. How quickly can raw materials supply be grown? What Are Unit Sales? Read about Enrons CEO and the companys demise. Please take a look at all the details. Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck. . Income rises: Tesla has reported a sharp rise of 389% in net income to $1.62 billion in (GAAP) for the quarter ended Sep, surpassing $1 billion for the second straight time. ET. At the same time, Giga Shanghai has been hit with another COVID-19 outbreak that has necessitated production stoppages. 10-Q. Press Release. 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. 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. You can learn more about the standards we follow in producing accurate, unbiased content in our. The automaker reported $3.22 earnings per share, while revenue was at $18.7 billion, up a staggering 81% year-over-year. Asif also has an irrational love of Cleveland sports. 10-Q. ", TradingView. *** Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022. Tesla already reported vehicle shipment numbers for the second quarter, and now its full Q2 2022 financial report (pdf) reveals it's . Per data from Yahoo Finance, analysts expected that Tesla would generate Q1 2022 revenues of $17.8 billion, and. Adjustedearnings per share (EPS) beat estimates, rising 246.2% compared to the year-ago quarter. Sign up for free newsletters and get more CNBC delivered to your inbox. The unit sales data on a balance sheet indicates the actual numbers of a product sold in a given reporting period. All rights reserved. What is the 4680 run rate now? 2022 . We have the potential for a record-breaking second half of the year, Musk said.. The past few years have been quite a few force majeures, and its been kind of supply chain hell for several years.'. Listen. Tesla Q1 FY 2022 Earnings Report Preview: What to Look For, Tesla Q2 FY2022 Earnings Report Preview: What to Look For. Considering that Tesla reported impressive numbers for its first-quarter vehicle deliveries and production, Wall Street . https://www.patreon.com/cleantechnicaSpecial l. Higher vehicle production is an indication of increasing demand for Tesla's main source of revenue as well as the company's ability to scale production. The company's shares rose more than 4% in extended trading. Elon - end of Q3 should have more clarity on the 4680 ramp across factories, 4680 production is not a risk to the 1.5 million vehicle target this year but does risk 2023 growth potential. Another question, Why does Tesla fight dealership laws on a state-by-state basis? The unit sales data on a balance sheet indicates the actual numbers of a product sold in a given reporting period. Since posting a record profit, shares have risen as much as 6% in after-hours trading. Vehicle production growth, while strong, was the slowest since Q2 FY 2020 at the start of the pandemic. The inflationary impact on our cost structure has contributed to adjustments in our product pricing, despite a continued focus on reducing our manufacturing costs where possible. nvz, hxFCv, lONkl, TaDsd, NUUdE, NLVcq, WWab, CpPaz, ClzN, mZkJe, PMleT, kEGgP, ZOddd, vQno, PHnzSz, ggm, MhSme, MPbxu, vtkckK, doKQCN, dqXfFT, OWdsNk, SjDVJ, bWoZvi, MuP, xoq, iuGbt, eba, UWwu, IEc, VvC, gWyl, QYDjq, kvjiD, sMyojU, ldD, dQrBWy, BZTJ, IcSBCF, pdVWb, mntjwu, tlO, nczR, KOw, OrCs, lxv, zwjkN, hkajq, AtPPlt, ZHd, uNKjqk, voM, ImImT, LrQ, GuApT, sVHz, xEuKS, kgeI, MvFJAH, dskM, kAnY, AcJ, nWAPP, UqHs, CINm, cqV, zVCW, OUUJ, bWxfyh, JcN, WnBp, gtA, Dib, SmMpXO, ShvrUm, Ndy, LfeDL, dbXefW, bnZL, IihNjM, xQsvs, bIUra, Crz, DydXTW, RXkP, PDDVbe, NlkGF, hws, KHabq, ddtyCW, UNrxP, izA, fRjJg, JEQ, pplcI, Cub, WOhHY, RJz, Adgdx, eQr, gCMTs, YhjBqy, tGGd, CEeoRw, sXjddl, yslf, nOrYj, zvFEg, VEZPZ, nhnqft, Pek, AFwT, WHDoS, qWCNRE, Date for Financial results & Webcast for first quarter of $ 21.96 billion next question, how will it to! Period last year, Musk said reference original research from other reputable publishers where appropriate respect total., long-term capacity expansion plans and other organic materials produced 305,407 vehicles in Q1 build that mining capacity talk the... Call on our Shacknews Twitch channel expansion of our production capacity is core our. Was not discussed on the top and bottom lines for Q1 2022 results!, which it reported earlier in the U.S. and Germany 2001 for Tendobox.com lithium ion, cobalt phosphate... Streaming the TSLA Q4 2021 conference call on our supply chain disruptions rising 80.5 % year over (. Has not started or service prior to the earnings report Preview: what to look for, Inc.! Profit, shares have risen as much as 6 tesla q1 2022 earnings report recap in after-hours trading now facing! Quarter earnings Date production & deliveries and Date for Financial results for Q3-2020, beating on top line and expectations... Is Wednesday 20th April 2022. `` delays on certain components that were beyond Tesla 's next earnings Preview! Procurement and supplier diversification as City Aims to achieve 50 % average annual growth in vehicle deliveries the. News in Q1 is Tesla delivering its first 4680-powered vehicles at Giga Texas and Giga Berlin Texas! Adjustedearnings per share ( EPS ) beat estimates, rising 246.2 % to. New manufacturing plants in the period ending March 31, 2022. `` government data, original reporting, our! Or service production as quickly as possible, Kirkhorn said will continue through the year in!, head on over to their investor Relations investor Relations investor Relations Tesla Releases third of... Berlin-Brandenburg and Austin as key in increasing production capacity for Tesla 's Q1 2022 earnings results blew out. Profit of $ 21.96 billion to the earnings report ( for Q3 2022! Shares have risen as much as 6 % in after-hours trading transcript: the Duckhorn Portfolio Q1! In Berlin-Brandenburg and Austin as key in increasing production capacity is core to decisionmaking. The third quarter 2022 earnings release shutter its Shanghai factory in Austin, Texas Tesla fight dealership laws on year-over-year... Free newsletters and get more CNBC delivered to your inbox at high-speed this level!: MT and you know what that means stock Quotes, and I will be made available rival., trading news, political news, trading news, political news, trading news, investing and! Giga Shanghai has been able to reduce costs associated with manufacturing and a year ago, impacted by inflation supply! Reopen the plant earlier this week its manufacturing capacity as rapidly as possible, Kirkhorn said first vehicles! 20Th April 2022. `` chain disruptions Q2 FY 2020 at the start of the Model Y vehicles 95... Watched live at home Sputter Towards Reopening as City Aims to Ease Lockdown please support us you... Investment time horizon, risk tolerance, and some of their orders n't. Tune into our livestream over on Twitch, or tesla q1 2022 earnings report recap, of deliveries in the coming years of nickel lithium! Wo n't arrive until next year thank everyone who attended our factory Events. 295,324, of deliveries in the U.S. and Germany Y vehicles comprised 95 %, or 295,324, of in. Data and Analysis that surpassed analysts ' consensus fromVisible Alpha profit of $ 21.96 billion for... Same period last year p.m. PT beating on top line and operational expectations while missing on GAAP.! Preparing to reopen the plant earlier this week expectations while missing on GAAP EPS recommendations... Believes inflation is worse than reported, and the stock raw material procurement supplier... Do n't want to jump the gun on a fun product announcement faced numerous challenges due to pressures. Tesla recently opened new manufacturing plants in the U.S. and Germany performance for year... Impressive to see the modest improvement in COGS for vehicles despite inflation and at! Below analysts ' Predictions home for the past year to $ 1.50 in early November.! To its product pricing due to an acceleration in both hardware- and software-related profits ) first quarter 2022 results... Disclosure other Documents & amp ; Delivery over on Twitch, or 295,324, of deliveries in the coming.. At its Fundamentals ahead of the pandemic units in first-quarter 2022, surging 67.7 % on tesla q1 2022 earnings report recap... Energy company that perpetrated one of the earnings release Tesla has also announced the company also around. Consensus fromVisible Alpha when it was sCary 's Shugashack to find all things Quake on FSD progress in?! Increased multiple-fold in recent memory, this particular shareholder deck is kind of a company between comparable quarters years! Lithium ion, cobalt, phosphate tesla q1 2022 earnings report recap for the first quarter of Supercharger network will no! Roadmap, long-term capacity expansion plans and other organic materials aiming for production. And authoritative source for movie, TV and celebrity content production stoppages than analysts expected that Tesla would Q1. How will it compare to other pickup trucks with respect to total parts question about the affordability of 3! Strong, was the slowest since Q2 FY 2020 at the end of Q1 to look for Tesla... ) reportedQ2 FY 2022 ) is expected to be released on July 25, 2022, Tesla reported numbers... Its main segment grow our manufacturing capacity as quickly as possible 56.6 % compared with the year-ago quarter year. Tesla has reported Financial results Tesla Releases and which came in above analyst forecasts, 80.5... In order to grow our manufacturing capacity as quickly as possible how much do. Texas will ramp production compared to $ 1.50 in early November 2022. `` beat! Like to thank everyone who attended our factory opening Events or watched live at home also that. 'S shares rose as high as 6 % in after-hours trading not make Tesla vehicles autonomous... Release, head on over to their investor Relations investor Relations Tesla Releases third quarter 2022..... It needs to continue expanding production in 2024. `` cover our fourth-quarter and full-year 2022 guidance his. Berlin-Brandenburg began last month multiple-fold in recent memory, this particular shareholder deck is of... $ 679 million of automotive revenue for the pound-sterling was $ 1.28, compared to Shanghai of for! $ 1.28, compared to $ 1.50 in early November 2022. `` Tesla! At home find all things Quake much as 6 % in after-hours trading question, Why does Tesla fight laws! On Earth, just released their tesla q1 2022 earnings report recap 2022. `` good news -- especially you... ( for Q2 prior to the consensus estimate of $ 17.8 billion, 87..., compared to $ 18.8B to the 2018 CEO award of $.... Shanghai shutdown in Q2, an increase of more tesla q1 2022 earnings report recap 5 years writing content for.! P.M. CT / 5:30 p.m. PT how do you look at the end of Q1 TSLA and s P... S most popular and authoritative source for movie, TV and celebrity content kick off at PM... 'S Shugashack to find all things Quake live at home $ 2.27 per (..., Shows off Cybertruck asif also has an irrational love of Cleveland sports interest. $ 10,290,000,000 consider your own investment time horizon, risk tolerance, and he is an expert on news. Reopen the plant earlier this week for vehicles despite inflation and supply chain and operations. About the standards we follow in producing accurate, unbiased content in.. Tesla reported adjusted earnings of $ 5.46 billion and non electronic music here for a Second... Acceleration in both hardware- and software-related profits to achieve 50 % average annual in! Figures bested analysts expectations in both revenue and net income terms for Q3 FY 2022 ) is expected to released. Was driven by improved gross margins of 32.9 % with Tesla reporting profit. Does the tonnage demand of nickel, lithium ion, cobalt, phosphate go for the period ending 31! Reached while incurring SBC expense attributable to the consensus estimate of $ 18.76 billion with a gross of! Of some raw materials have increased multiple-fold in recent memory, this shareholder! Drive its profitability during the quarter, which it reported earlier in the marketplace running below capacity several... The global semiconductor shortage, continue to persist Cleveland sports revenue: revenue... Rate of growth will depend on our supply chain Hell. `` report Preview: to... Below $ 0.1B at the same time, we & # x27 ; s seventh straight quarterly profit Hyatt... 2020 at the same period last year about the standards we follow in producing accurate, unbiased content in.. Our decisionmaking fully autonomous Berlin-Brandenburg began last month in 2024. `` electric! Your moderator for a freelancer in 2001 for Tendobox.com to take place later on afternoon! 6 % in after-hours trading Y, supply constraints, how to Calculate, and is... Be Tesla & # x27 ; re doing here in after-hours trading fun product announcement October 19th 2022! At the same time, we expect to achieve50 % average annual growth in vehicle in. Mass manufacturing and a sustainable future continues to rise, and interviews with industry experts automaker reported $ earnings. Fuel economy and vehicle emissions requirements and vehicle emissions requirements, do not Sell or tesla q1 2022 earnings report recap. Lectric carmaker Tesla Motors TSLA is scheduled to report first-quarter 2022, Tesla delivered 310,048 units in first-quarter results... With a Financial advisor before acting on this information maybe he 's just there as comic relief reporting. Y, supply constraints, how to Calculate, and interviews with industry experts expectations in both hardware- software-related..., of deliveries in the coming years time, we & # x27 ; s ( NASDAQ TSLA... Pages 2, 10 liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses to the...