Tesla Q3 Financial Results

#1

Post by danhak » Wed, Oct 23, 2019, 8:55 PM UTC

Tesla Q3 Financial Results
ir.tesla.com

Re: Tesla Q3 Financial Results

#2

Post by jumbopapa » Wed, Oct 23, 2019, 9:16 PM UTC

I'm not great at reading financial results, but $TSLA is up ~17% after hours, so I'm assuming they did well.

Re: Tesla Q3 Financial Results

#3

Post by jeffshek » Wed, Oct 23, 2019, 9:16 PM UTC

After hours price : Tesla Stock is up 16.70%

+ Adjust earnings per share of $1.86 vs. expected losses of 42 cents per share (major reason)

Re: Tesla Q3 Financial Results

#4

Post by danhak » Wed, Oct 23, 2019, 9:18 PM UTC

Highlights:

$143M GAAP Net Income (vs $74M loss expected)

Trial production started at Shanghai Gigafactory

Model Y production moved forward to Summer 2020

Re: Tesla Q3 Financial Results

#5

Post by p1esk » Wed, Oct 23, 2019, 9:22 PM UTC

I wish I bought some TSLA a few months ago when it was $180! :)

Re: Tesla Q3 Financial Results

#6

Post by zaroth » Wed, Oct 23, 2019, 9:23 PM UTC

$143M GAAP / $342M Non-GAAP Net Income. $371M free cash flow.

GAAP Gross Margin 18.9%. That is before G3 comes online which will, I believe, have an upward case for margins. That is the big news here today. And that is really great news for Tesla.

Over $5.3B cash on hand. TSLA is in an amazing position going into Q4 and 2020.

Highly confident of exceeding 360k deliveries for 2019.

Just an amazing run up to the end of the quarter.

For added inspiration, check out a flyover video of G3 with the loading docks starting to fill up:

https://youtu.be/bI-My94Ig5k

Full Disclosure: Long TSLA. No plans to sell in the next 9 years. I told my kids either the shares will pay for their college, or they may need some scholarships.

Re: Tesla Q3 Financial Results

#7

Post by thinkingkong » Wed, Oct 23, 2019, 9:26 PM UTC

The Shanghai Gigafactory going from breaking ground to production ready in 10 months is staggering. Has anything like that been accomplished in NA in the last 10 years?

Re: Tesla Q3 Financial Results

#8

Post by RivieraKid » Wed, Oct 23, 2019, 9:27 PM UTC

They recognized some FSD revenue.

Re: Tesla Q3 Financial Results

#9

Post by cronix » Wed, Oct 23, 2019, 9:28 PM UTC

p1esk wrote: post #5

I wish I bought some TSLA a few months ago when it was $180! :)

I bet ARK is really pissed they sold 150,000 shares ($39M) yesterday. https://www.businessinsider.com/tesla-investor-ark-trims-sta...

Re: Tesla Q3 Financial Results

#10

Post by omgwtfbyobbq » Wed, Oct 23, 2019, 9:29 PM UTC

RivieraKid wrote: post #8

They recognized some FSD revenue.

Where do you see that? I see this line about them expecting to do that going forward, but nothing about them recognizing revenue in Q3.

>We also expect to gradually release nearly $500M of accumulated deferred revenue tied to Autopilot and Full Self Driving features.