Beat & Optimistic: TSLA Q3 2021 Highlights

On October 20 ET postmarket, $Tesla (TSLA.US)$released its Q3 earnings that beat the estimates, and the management gives an optimistic overview.Let's see the highlights that might affect its stock price.

Financial Highlights

Q3 revenue $13.76 billion,up 57%YOY.

Q3 GAAP net income $1.62 billion vs.$1.44 billion expected.

Adjusted EPS $1.86 vs. $1.67 expected.

Operating & Business Highlights

Despite the average price drop of 6% in Q3, Tesla achieved a 14.6% operating margin,beating the "slightly over 10%" expectation.

Alongside arecord vehicle production & deliveriesin Q3, the company's automotive gross margin also reaches arecord high, 30.5%.

As for the production, the company continues to run the production lines as close to full capacity. Gigafactory Texas is progressing as planned, commissioning equipment and fabricating the first pre-production vehicles. Production has ramped well in China, and Giga Shanghai remained the main export hub. The buildout of the Berlin factory remains on track with testing of equipment well underway.

The company released a refreshed mobile app in Q3 that allows commands to be sent to the vehicle immediately upon opening the app.

Source: TSLA Q3 2021 Earnings

Outlook

The management expects the overall performance for the following quarters to be as follows:

- Volume: over a multi-year horizon, the management expects to achieve50% average annual growthin vehicle deliveries.

- Cash: the company hassufficient liquidityto fund the product roadmap, long-term capacity expansion plans, and other expenses.

- Profit: expecting theoperating margin will continue to growover time, with capacity expansion and localization plans underway.

- Product: the company continues to target the first Model Y production builds in Berlin and Austin before the end of this year. The industrialization of Cybertruck is currently planned for Austin production subsequent to Model Y.

Check out the original earnings report>>

What's your thought on Tesla Q3 earnings? Is now a good time to buy or sell? Which way will the stock price go?

We can't wait to see your comments.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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Handy_ : Although the global supply of chips and raw materials continues to be in short supply, its delivery volume still hits a record level, which is worth long-term investment

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Siastan : Change to cheaper China car batteries will improve earnings.

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