Elon Musk, Founder and Chief Engineer of SpaceX, speaks during Satellite Conference 2020 in Washington, DC, US on March 9, 2020.
Yasin Ozturk | Anadolu Agency | beautiful pictures
Tesla reports fourth-quarter results for 2021 on the Wednesday after the bell.
Here’s what Wall Street analysts expect:
- Earnings (adjusted): $2.36 per expected share, per Refinitiv
- Turnover: $16.57 billion expected, according to Refinitiv
The report is given in the middle the most important tech earnings season of the year. The Nasdaq had its worst January since 2008 as many investors began to fret over the promise of high-growth tech stocks.
In the year 2021, Tesla delivered 936,172 cars, up 87% from 2020 when the company reported its first annual profit from deliveries of 499,647. Its 2021 deliveries include 308,600 electric vehicles in the fourth quarter. (Delivery numbers are the closest approximation to sales reported by Tesla.)
CEO Elon Musk and other executives are expected to update progress on the company’s long-delayed Semi heavy-duty truck, experimental Cybertruck pickup, and plans for the system. driverless car and a $25,000 compact car.
With plants under construction in Austin, Texas, and Brandenburg, Germany, shareholders also want to know when high-volume vehicle production and deliveries are expected to begin at each plant.
Tesla’s guidance could be affected by supply chain issues, if Musk’s tweets are any indication. On November 29, 2021, he wrote on Twitter, “Wow, this year has been a supply chain nightmare and it’s not over! I’ll provide an updated product roadmap during the call next income.”
In 2020, Tesla says it will begin production of its newest model – the crossover SUV known as the Model Y – at new factories in 2021. The company has also planned to use 4680 cells its own tabless battery, announced September 2019, in those vehicles. These cells can help increase the range of Tesla electric cars by more than 10%.
However, these plans have been delayed amid a second year of the coronavirus pandemic marked by chip shortages and port restrictions. Tesla Better than other automakers in North America.
Today, Tesla is on the verge of Model Y production and deliveries from Austin, but has yet to produce tab-less battery cells for commercial use.
For the fourth quarter of 2020, Tesla’s Energy division – which installs solar photovoltaics and sells energy storage systems from battery backups for homes to grid-scale projects – reported… grossed $752 million, but sales remained low. For the third quarter of 2021, Tesla Energy reported $806 million in revenue and $3 million in profit.
Tesla has been struggling with its solar business in 2021 and is now facing a class-action lawsuit from customers unhappy with the sudden price increase, among other things. However, the company has installed massive energy storage systems around the world. Musk has repeatedly said that the company can create and sell more its energy storage system if Tesla’s vehicle business doesn’t consume too much battery and chip supply.
Since Tesla’s last earnings call, the company has started accept Cryptocurrency, dogecoin, for some off-the-vehicle purchases in January 2022. Then, and last week’s sharp drop in bitcoin’s price, Tesla CFO Zach Kirkhorn is likely to face questions. asked about the value of Tesla’s crypto holdings.
Tesla hit a $1 trillion market cap for the first time since its third-quarter earnings report, and the stock spiked again after car rental company Hertz announced it would grow its fleet of battery-powered vehicles with “a single Initial order is 100,000 Teslas by year end of 2022. “Musk then clarified that Tesla has not yet signed a contract with Hertz.
Since then, Musk has sold more than 16 billion dollars the value of his Tesla stock.
