Talk about Tesla's rollercoaster financial ride, there's definitely been a wild mix of ups and downs. Has Elon's been turning the tables lately? Or are there gonna be loads of bagholders? Well, let's just say, it's like waiting for the next plot twist in a Tesla Tuesday earnings report drama – you never quite know what's coming next! What will you predict?
Analysing Tesla's financial performance in terms of its net income since its initial public offering yields a fluctuating trajectory. From 2011 to 2013, the company incurred consecutive annual net losses, gradually transitioning to a positive net income in 2013, albeit modest. Subsequently, the company experienced a series of substantial net losses from 2014 to 2019, with peak losses recorded in 2018 and 2019. However, Tesla's financial fortunes began to reverse in 2020, marked by a notable positive net income. This positive momentum continued into subsequent years, with 2022 witnessing a substantial surge in net income to $3.3 billion. The latest data for 2024 is pending, with many eyes on today’s earnings at close of market.
Historic glance at TSLA’s Q1 Net Income each year since going public ~
2011: -$49M
2012: -$90M
2013: $11M
2014: -$50M
2015: -$154M
2016: -$282M
2017: -$330M
2018: -$710M
2019: -$710M
2020: $16M
2021: $438M
2022: $3.3B
2023: $2.5B
2024: TODAY! ?????
Tesla's financial saga, a rollercoaster ride, from losses deep to profits wide. Earnings reports, like a thrilling show, but will the next chapter bring woe or glow? In Tesla's tale, investors stay, hoping for gains, come what May (on this April day).
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Tesla (NASDAQ:TSLA) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.51 by 11.76 percent. The company reported quarterly sales of $21.301 billion which missed the analyst consensus estimate of $22.151 billion by 3.84 percent. This is a 8.69 percent decrease over sales of $23.329 billion the same period last year.
Who predicted this correctly?
Love the pun! 🤭🤭🤭