Written by Cláudio Afonso | LinkedIn | X
Tesla released Wednesday its third quarter earnings results reporting an EPS of $0.72, $0.14 better than the analyst estimate of $0.58.
Revenue for the quarter came in at $25.18 billion, below the consensus estimate of $25.4 billion.
Wall Street analysts were expecting 58 cents in earnings per share (down 11% from a year ago) and revenue of $25.37 billion (up about 15%), according to LSEG consensus estimates.
Tesla shares are trading 4.5% higher immediately after the release of the results after having closed 1.98% lower at $213.65.
Tesla delivered 462,890 vehicles in the third quarter including 439,975 Model 3 and Model Y while the other models, where the Cybertruck is included, accounted for 22,915 units.
The company also revealed that produced 469,796 vehicles including 443,668 Model 3/Y and 26,128 Model X, S, Semi and Cybertrucks.
“The Energy business achieved another strong quarter with a record gross margin. Additionally, the Megafactory in Lathrop produced 200 Megapacks in a week, and Powerwall deployments reached a record for the second quarter in a row as we continue to ramp Powerwall 3,” Tesla said in the quarterly shareholder deck.
The company is in discussions with Palo Alto city leaders to explore the possibility of bringing the carmaker’s newly unveiled robotaxi service to local streets, local media reported on Tuesday.
Two weeks ago, the company led by Elon Musk unveiled a Robotaxi and a Robovan model with no pedals nor steering wheel and the company’s Engineering headquarter is located in the city of Palo Alto.
At the We, Robot event — which was held on October 10 — Musk said the unsupervised Full Self Driving (FSD) will launch next year in California and Texas starting with the Model 3 and the Model Y.
Written by Cláudio Afonso | LinkedIn | X
