Tesla reports first quarterly profit in more than three years
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Re: Tesla reports first quarterly profit in more than three years
#2Cashed in a large amount of ZEV credits, for a one-time revenue bump of $140MM. Excluding that, GAAP loss was $117MM. Big increase in accounts payable. But, all things considered, that's not bad.
Re: Tesla reports first quarterly profit in more than three years
#3Direct link to the letter: http://files.shareholder.com/downloads/ABEA-4CW8X0/310041501...
> Total Q3 GAAP revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Total automotive revenue was $2.15 billion on a GAAP basis, up 152% from Q3 2015. Our final Q3 delivery count was 24,821,over 300 more than the estimated delivery count we shared on October 2nd. Deliveries increased 114% from the third quarter of 2015, and was comprised of 16,047 Model S and 8,774 Model X vehicles. In addition, 5,065 vehicles were in transit to customers at the end of the quarter. These vehicles will be delivered in Q4.
Re: Tesla reports first quarterly profit in more than three years
#4[deleted]
Re: Tesla reports first quarterly profit in more than three years
#5SCTY acquisition is locked up.
EDIT: Elon just said on the investor call "Our current plan requires no capital raise whatsoever for the Model 3 production. Solar City will be neutral to cash contributor in Q4.
Re: Tesla reports first quarterly profit in more than three years
#6Cashed in a large amount of ZEV credits, for a one-time revenue bump of $140MM. Excluding that, GAAP loss was $117MM. Big increase in accounts payable. But, all things considered, that's not bad.
it seems like i see this basic comment every time Tesla reports earnings. this specific credit might be a one-time thing, but they somehow find another one every quarter.
Re: Tesla reports first quarterly profit in more than three years
#7Direct link to the letter: http://files.shareholder.com/downloads/ABEA-4CW8X0/310041501... > Total Q3 GAAP revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Total automotive revenue was $2.15 billion on a GAAP basis, up 152% from Q3 2015. Our final Q3 delivery count was 24,821,over 300 more than the estimated delivery count we shared on October 2nd. Deliv…
> We achieved record production levels in Q3, rising to 25,185 vehicles for an increase of 37% from Q2 and an increase of 92% from Q3 last year.
An almost 100% production increase Year over Year, they said it couldn't be done and yet here we are.
Re: Tesla reports first quarterly profit in more than three years
#8Cashed in a large amount of ZEV credits, for a one-time revenue bump of $140MM. Excluding that, GAAP loss was $117MM. Big increase in accounts payable. But, all things considered, that's not bad.
it seems like i see this basic comment every time Tesla reports earnings. this specific credit might be a one-time thing, but they somehow find another one every quarter.
Do you have a list?
Re: Tesla reports first quarterly profit in more than three years
#9Direct link to the letter: http://files.shareholder.com/downloads/ABEA-4CW8X0/310041501... > Total Q3 GAAP revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Total automotive revenue was $2.15 billion on a GAAP basis, up 152% from Q3 2015. Our final Q3 delivery count was 24,821,over 300 more than the estimated delivery count we shared on October 2nd. Deliv…
> We achieved record production levels in Q3, rising to 25,185 vehicles for an increase of 37% from Q2 and an increase of 92% from Q3 last year. An almost 100% production increase Year over Year, they said it couldn't be done and yet here we are.
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Re: Tesla reports first quarterly profit in more than three years
#10Cashed in a large amount of ZEV credits, for a one-time revenue bump of $140MM. Excluding that, GAAP loss was $117MM. Big increase in accounts payable. But, all things considered, that's not bad.
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