Tag: Tesla

Tesla Q3 revenue falls short of expectations, while energy unit shows growth

Tesla Wednesday reported revenue of $21.45 billion in the third quarter, another record-setting period that still missed analysts’ expectations. Shares fell 3.5% in after-hours trading following the earnings release. Tesla’s net income for the third quarter was $3.3 billion, nearly double the $1.62 billion it earned in the same period last year. The company said… Continue reading Tesla Q3 revenue falls short of expectations, while energy unit shows growth

Tesla (TSLA) delivers massive number of batteries, breaking record

Tesla (TSLA) announced that its energy storage division delivered a record number of batteries in Q3 2022. Today, Tesla released its Q3 2022 financial results. The automaker missed on revenue expectations, but there was a silver lining: Tesla Energy. Tesla Energy is the company’s energy division that installs solar panels, solar roofs, and stationary energy… Continue reading Tesla (TSLA) delivers massive number of batteries, breaking record

Tesla (TSLA) releases Q3 2022 results: miss on revenue but delivers on earnings

Tesla (TSLA) has released its financial results and shareholders letter for the third quarter of 2022 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q3 2022 earnings expectations Yesterday, we posted our Tesla… Continue reading Tesla (TSLA) releases Q3 2022 results: miss on revenue but delivers on earnings

Tesla’s owner’s referral program is making a comeback

Tesla is coming out with a new owner’s referral program after completely revamping the program, which was initially costly. It’s a rare demand trigger that the automaker is pulling. The automaker doesn’t like to spend on marketing or advertising, and instead, relies on its user base to promote its vehicles and reward them in the… Continue reading Tesla’s owner’s referral program is making a comeback

Tesla comes in light on revenue, beats on earnings

Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla reported third-quarter earnings after the bell. Shares fell by about 3% after hours following the results. Here are the results. Earnings: $1.05 vs 99 cents per share (adjusted) expected, based on analysts polled by Refinitiv Revenue: $21.45… Continue reading Tesla comes in light on revenue, beats on earnings

Hyundai says Biden’s new EV tax credit rules deal ‘astronomical’ blow to business

Hyundai Ioniq 6 Hyundai DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesday. Jose Munoz, global president and chief operating officer, declined to disclose a specific financial impact associated with the requirements of the Inflation Reduction… Continue reading Hyundai says Biden’s new EV tax credit rules deal ‘astronomical’ blow to business

Wall Street eyes auto industry earnings for signs of ‘demand destruction’

A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record profits as demand outpaced supplies of new cars amid supply chain problems. But… Continue reading Wall Street eyes auto industry earnings for signs of ‘demand destruction’

Tesla is smoothing its vehicle delivery process to avoid bottlenecks

/ Elon Musk’s company had another profitable quarter, but with dark clouds looming on the horizon, the company is under pressure to meet its goals for the year Illustration by Alex Castro / The Verge Amid ongoing supply chain constraints, production delays in China, and increasing competition from the legacy auto industry, Tesla just reported… Continue reading Tesla is smoothing its vehicle delivery process to avoid bottlenecks

@Tesla: Tesla Releases Third Quarter 2022 Financial Results000096

AUSTIN, Texas, October 19, 2022 – Tesla has released its financial results for the third quarter of 2022 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update. As previously announced, Tesla management will host a live question and answer (Q&A) webcast at 4:30 p.m. Central Time (5:30 p.m.… Continue reading @Tesla: Tesla Releases Third Quarter 2022 Financial Results000096