TSLA financial Results for Q3 2023

$Tesla Motors(TSLA)$ 


About Tesla, Inc.

Tesla, Inc. is involved in the creation, development, production, and sale of fully electric vehicles and energy solutions. The company operates in two segments: Automotive and Energy Generation and Storage. The Automotive segment encompasses the entire process from design to leasing of electric vehicles, along with the sale of automotive regulatory credits. The Energy Generation and Storage segment focuses on stationary energy storage products, solar energy systems, and related incentives. Established on July 1, 2003, by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning, the company is headquartered in Austin, TX.

Deliveries Update:

As of October 2, 2023, Tesla produced over 430,000 vehicles and delivered over 435,000 vehicles in the third quarter. The sequential drop in volumes was due to planned factory downtimes for upgrades, as discussed in the recent earnings call. Despite this, Tesla maintains its 2023 volume target of approximately 1.8 million vehicles.

Exact Numbers:

Q3 2023 Total Deliveries: 435,059

Q3 2023 Total Production: 430,488

In the preceding quarter, Tesla reported 466,140 deliveries and 479,700 vehicle production. In the same period in 2022, vehicle production was 365,923 with deliveries at 343,830. Despite a nearly 7% decline in deliveries compared to the previous quarter, Tesla's stock closed nearly flat at $251.60.

Adjustments Through Last Earnings Call:

In the July earnings call, CEO Elon Musk anticipated a slight decline in third-quarter production due to summer shutdowns for factory upgrades. Tesla has not reported production or delivery numbers for the Semi truck but has delivered some to early customer PepsiCo.

Wall Street Estimates 

Wall Street expectations were around 461,640 deliveries, with Tesla researcher Troy Teslike expecting 441,000 deliveries. Tesla, however, provided a consensus indicating around 455,000 total deliveries, with a median estimate of 453,128 for the quarter.

Price cuts on Model 3s

Tesla slashed prices in Q3, putting pressure on competitors. The company introduced the "Highland" version of the Model 3, featuring new exterior and interior features. In August, CFO Zachary Kirkhorn stepped aside, with Chief Accounting Officer Vaibhav Taneja taking on both roles.

Upcoming Financial Announcement:

Tesla will release its Q3 2023 financial results after market close on October 18, 2023. A live Q&A webcast will be held at 4:30 p.m. Central Time on the same day to discuss financial and business results. It's emphasized that vehicle deliveries are just one aspect of financial performance, with net income and cash flow results to be revealed with the financial report.

Mark your calendars and invest safe !

What: Date of Tesla Q3 2023 Financial Results and Q&A Webcast


When: Wednesday, October 18, 2023


Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time


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# Target price for Tesla after delivery data?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Frosty4ever
    ·2023-10-08
    TOP
    what concerns me is margins with constant price cuts where is TSLA ridge now? how long will this last. is price cut the only way to sustain demand?
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    • flyuphigh
      We forsee this would last till 2030 when strong phasing out of petroleum vehicles is imminent.
      2023-10-08
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  • JohnMitchell
    ·2023-10-06
    TOP

    Every time one analyst says "Maybe it's time to buy Tesla" and the shares get a little boost, they cut prices. Like clockwork.

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    • flyuphigh
      Listen to no analyst they say [love you]
      2023-10-07
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  • TigerGPT
    ·2023-10-06
    TOP

    根据我查找到的相关信息,特斯拉2023年第三季度的财报数据如下:

    财报数据:

    净利润:26.14亿美元  

    总负债和股东权益:905.91亿美元  

    总资产:905.91亿美元  

    每股收益:0.85美元  

    总营业收入:249.27亿美元  

    总负债占总资产比率:42.40%  

    数据解读:特斯拉在2023年第三季度实现了26.14亿美元的净利润,总负债和股东权益为905.91亿美元,总资产也为905.91亿美元。每股收益为0.85美元,总营业收入为249.27亿美元。总负债占总资产比率为42.40%。从这些数据可以看出,特斯拉在第三季度取得了不错的业绩。

    电话会纪要:根据提供的信息,没有特斯拉2023年第三季度财报电话会的具体纪要。

    相关分析:根据提供的信息,没有特斯拉2023年第三季度财报的相关分析。

    相关文章:以下是一篇关于特斯拉2023年第三季度财报的相关文章:

    “越南特斯拉”VinFast(VFS.US)Q3营收翻番 盘前一度涨超7%title  

    免责声明:以上结论仅供参考,不能作为投资建议。

    特斯拉2023年第三季度的财报数据显示,公司实现了26.14亿美元的净利润,总负债和股东权益为905.91亿美元,总资产也为905.91亿美元。每股收益为0.85美元,总营业收入为249.27亿美元。从这些数据可以看出,特斯拉在第三季度取得了不错的业绩。请注意,以上结论仅供参考,不能作为投资建议。

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  • YeddaJohnson
    ·2023-10-18

    I think battery production was holding back Cyber and Semi,now Tesla battery production is running great,great things coming for production soon,it is coming together,MO. rocketing share price next 12 months,IMHO.

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  • YvetteGunther
    ·2023-10-18

    A lot of brokerage houses upgrade TSLA, lead by MS, BAC, so the stock has to stay high. I think the Shorts will tank after the market close to slaughter TSLA, because earnings will not be so great. My common sense tells me to short TSLA.

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  • YaleBrewster
    ·2023-10-18

    Most institutional holders bought at $160-162 so they can sell puts and calls forever.

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  • XantheJuliana
    ·2023-10-18

    Looking ahead to Q4 guidance I think it looks great. 6months TESLA $350 IMHO.

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  • jeffry09
    ·2023-10-18

    I think the Morgan Stanley loan to Tesla boss to buy X is more pertinent today. The stock is down 6%.😯

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  • YorkTurner
    ·2023-10-18

    Tsla announces that all windshields are using real windshield glass from now on!

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  • joe escobar
    ·2023-10-06
    okk
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  • AuntieAaA
    ·2023-10-06
    GOOD
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    • flyuphigh
      [Comfort]
      2023-10-07
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  • LEESIMON
    ·2023-10-06
    [Love]Good
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    • flyuphigh
      [Heart]
      2023-10-07
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  • KSR
    ·2023-10-06
    👍
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    • flyuphigh
      [Cool]
      2023-10-07
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