Well folks, it’s that time of year again – quarter earnings time! Get ready to dig into those financial reports like it’s a Thanksgiving feast. According to our favorite group of analysts, the average guess for Tesla’s earnings per share is $0.85. Hey, not too shabby, eh?
And in case you were curious, the revenue estimate is a whopping $23.21 billion. I don’t even know how to do math with numbers that big, but that’s a whole lot of cash.
This year, Tesla’s earnings call will be livestreamed on Twitter Spaces. Yep, Elon Musk has joined the social media game and bought out Twitter for a cool $44 billion. Is there anything this man can’t do?
The analysts are watching Tesla’s automotive gross margins closely after recent price cuts. But with Elon’s ambitious expansion plans, it’s anyone’s guess what the future holds for Tesla.
According to Refinitiv estimates, Tesla’s revenue for the quarter is expected to be 24% higher than last year. That’s like winning the lottery twice!
Tesla has its hands in a lot of pies – or should I say, electric cars. They currently have four EV models produced in the U.S., Shanghai, and Berlin. Who needs apple pie when you can have a Model S?
Shareholders submitted some interesting questions before the earnings call, including updates on the Cybertruck (it’s a trapezoid, people), the energy division, and when we can expect that new model vehicle from Tesla. The anticipation is killing us!
In the first quarter, Tesla reported vehicle deliveries of 422,875. Not too shabby, Elon. But production was slightly higher at 440,808. Gotta keep the numbers up, right?
Speaking of keeping things up, Elon announced plans to build a new Tesla factory in Monterrey, Mexico. That’s one way to keep the production lines moving.
In even more exciting news, Tesla is planning to make Megapacks – large lithium ion battery-based energy storage systems – in Shanghai. Does this mean we’ll all have our own personal power grids soon?
Last but not least, Tesla is planning to spend between $7 billion and $9 billion in the next two years. I don’t know about you, but I’ll be lucky if I can afford a cup of coffee by then.
Despite a rough 2022, Tesla shares have rebounded and are up 48% in 2023. Looks like the only thing going up faster than Tesla shares is Elon’s reputation.
Serious News: cnbc
