TSLA
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Tesla Q3 2024 earnings, beating most estimates Stock popped 12%
1) CNBC:
Tesla reported third-quarter earnings Wednesday that topped analysts' estimates even as revenue came in just shy of expectations. The stock popped 12% in extended trading.
•Earnings per share: 72 cents, adjusted vs. 58 cents expected
•Revenue: $25.18 billion vs. $25.37 billion expected
•Revenue increased 8% YoY from $23.35 billion.
•Revenue: $25.18 billion vs. $25.37 billion expected
•Revenue increased 8% YoY from $23.35 billion.
•Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago.
•Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter.
•Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter.
Source:
2) AJ from X.com
•Operating cash flow, free cash flow exceptionally strong. Free cash flow very strong despite an all-time high (by a big margin) capex spending.
•Energy storage business with margin exceeding 30% while being production constraint: second MP factory goes only in 1Q 2025! (only 1 quarter away)
•Net income would have exceeded $3B without a large 'other expense' item and additional restructuring charges.
•Strong increase in profitability (18.5% EBITDA margin)
•Strong cash generation (>$3B net off one-offs and almost $4B on prior quarters' capex level)
•Ultra-rock solid balance sheet: Tesla is the best capitalised global automaker with $34B in cash and very little debt ($7B).
Source:
3) Sawyer Merritt (X.com):
BREAKING: Tesla has released their Q3 earnings, beating most estimates. Highlights:
• EPS (non-GAAP): $0.72 vs. $0.58 est
• EPS (GAAP): $0.62
• Revenue: $25.18 vs. $25.4B est
• Total GAAP gross margin: 19.8%
• Net income (GAAP): $2.176B
Source:
4) My Take
•The reasons I used 3 articles to report Tesla's Q3 2024 earnings is because legacy media like to play down the better than expected earning report and added negatively biased speculation.
• Troy Teslike in X.com (Tesla bear) who forecasted that the earnings will miss EPS consensuses and below expectation is way off this time.
• Actually the revenue misses expectations but when the share price in post market surges 12%, legacy media commented "shy of expectation".
•I am not concerned about expectation and consensus. I think Wall Street's bullish reaction to Tesla stock is not just about earnings. It also reflects the positive sentiment towards Tesla's Robotaxi and EM support in Trump's presidential election.
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ZnWC
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I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
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Mrstocksplitsundae : small group pumping it.. nothing but traps.
ZnWC OP Mrstocksplitsundae : If anyone has short sold the stock (or bought put option), history has shown that you will lose money - DYODD.
Tesla short sellers lose $5.7B in 1 week. Stock is one of S&P 500 best performers - Finbold
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