Tesla (TSLA) Q4 2018 Earnings Call
Tesla Q4 revenues beat on the strength of Model 3; earnings miss
January 30, 2019
After delivering a record number of vehicles in the final months of last year, Tesla (TSLA) Wednesday reported stronger than expected revenues for the fourth quarter. However, the company’s stock dropped 2% during the extended trading session after its earnings fell short of expectations.
Total revenues more than doubled to $7.23 billion during the three-month period, surpassing market expectations. Automotive revenue surged to $6.3 billion helped by strong Model 3 deliveries, while energy generation & storage revenue jumped 25% to $371.5 million.
Adjusted earnings were $1.93 per share, compared to a loss of $3.04 per share in the fourth quarter of 2017. Earnings, however, missed Wall Street estimates. On an unadjusted basis, the company reported a net profit of $139.5 million or $0.78 per share, compared to a loss of $675.35 million or $4.01 per share a year earlier. The results were negatively impacted by charges related to non-controlling interests, unfavorable pricing and higher duties on components imported from China.
Earnings call transcripts:
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Earnings call audios:
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Earnings Calendar:
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