Tesla-Tesla's 1st Quarter Earnings Analysis

  Tesla-Tesla's 1st Quarter Earnings Analysis Tesla announced its earnings report for the first three months of 2021. Record deliveries significantly exceeded estimates, the electric vehicle manufacturer reported. Despite this, the company's first quarter revenue was slightly below expectations, and its stocks fell by about 1 % in late trading. The main results of Tesla's report on Monday, compared to the consensus estimates compiled by Bloomberg, were: - 1st Quarter Revenue: $ 10.39 billion to $ 10.42 billion expected and $ 5.99 billion Y / Y - 1st Quarter Adjusted earnings per share: 93 cents vs. 80 cents expected and 23 cents Y / Y In early April, Tesla reported that first-quarter vehicle deliveries reached 184,800, breaking a record, with the vast majority of these being the more affordable Model 3 and Y. The results were positive for Tesla's first quarter, which saw the company gain another quarterly profit. Automotive gross margins unexpectedly increased by more than 1 percentage point to 26,5 %. Tesla said in a letter to shareholders on Monday that it plans to achieve an average of 50 percent growth in vehicle deliveries within a few years. The company delivered just under half a million vehicles last year, slightly below Wall Street estimates. Stating that they can grow faster in some years and 2021 will be a year of growth, Tesla said,  "The growth rate will depend on our equipment capacity, operational efficiency, capacity and stability of the supply chain." Tesla said on Monday that Gigafactories, which are ongoing in Berlin and Texas, are on the way to start production and deliveries this year, and that Tesla Semi deliveries will begin in 2021.

Tesla announced its earnings report for the first three months of 2021.

To date, many analysts on Wall Street have seen demand from China as the key force behind the company's streak. The company does not deliver or sell by geography, but Wedbush analyst Dan Ives suggested that China could account for about 40 % of Tesla's total global deliveries next year. "Competition between companies such as General Motors (GM) and Nio (NIO) continues to intensify," Ives said in a note released ahead of the earnings results. Nevertheless, Tesla continues to be in demand in China and Europe, on the verge of seeing more demand volatility in our opinion when the electric vehicle tax credit ceiling is lifted. " Citing the Biden administration's incentives as the "green tidal wave" that will drive Tesla forward, Ives said: “While Tesla drew more attention to the Chinese government's public relations issues, chip shortage and autopilot safety record over the past month, Street is now focusing on measuring its annual delivery trajectory”. The role of cryptocurrency in Tesla's future strategy has also been identified as a focus in Monday's earnings results. He announced that he started accepting cryptocurrency as a payment method for his vehicles at the end of March. The sale of Bitcoin had a positive effect of $ 101 million for the company's quarterly results. Tesla's shares have grown nearly 4 % year-to-date, underperforming the S&P 500's 11 % increase in this period. Tesla (TSLA) announced its earnings report for the first three months of 2021.  

Source: Yahoo.Finance

 

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