tesla earnings call q1

Ultimately, Tesla is on track to more than double the output from suppliers. All rights reserved. “We’ve got a long way to go before we’re dealing with season technology issues,” he said. During its most recent earnings call, Tesla said that it expects to grow deliveries at a CAGR of 50% a year over a multi-year horizon. Well-known TSLA bull Pierre Ferragu from New Street Research gave Tesla shares a Buy rating and set its price target to $900 before the company’s delivery report was released. “You can’t have a one size fits all system,” he said. Tesla’s ( NASDAQ:TSLA) first-quarter earnings call will be on Monday, April 26, 2021, at 2:30 pm Pacific Time or 5:30 pm Easter Time. Don’t hesitate to contact us for news tips. 15:40 PT – Dan Levy from Credit Suisse asked about Tesla and its ongoing cost reductions.   Good day, everyone, and welcome to another live blog of Tesla’s earnings call! Dan Levy — Credit Suisse — Analyst Good … “Prototypes are child’s play,” he said, noting that mass-production is insanely difficult. Tesla (TSLA) announces date for Q1 2021 earnings call. To access the live webcast, log on to https://ir. Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue. “The 1Q delivery number….was a paradigm changer and shows that the pent-up demand globally for Tesla’s Model 3/Y is hitting its next stage of growth. The Motley Fool - TSLA earnings call for the period ending March 31, 2021. Elon also emphasizes Tesla’s vision-only approach, reiterating his previous statements on Twitter about radar eventually being retired. As per the findings, it appears that the steering wheel was deformed, and someone was in the driver’s seat during the crash. I’m confident that we’d achieve volume production of the 4680 next year,” Musk said. Tesla beat Wall Street estimates for Q1 2021. Martin Viecha takes the floor. Musk notes that Tesla is the first company to achieve volume production of cars in a hundred years and not go bankrupt. For those crypto fans, Tesla registered a net cash outflow of $1.2B related to Bitcoin in Q1. We’ll provide it later,” Musk said. 15:34 PT – Rod Lache of Wolfe Research LLC asks about the FSD rollout, such as the subscription model and its impact. Musk notes that vampire drain is not an issue. Tesla Inc. "Q1 2021 Update," Page 10. Tesla, Inc. (NASDAQ: TSLA) Q1 2021 earnings name dated Apr. At the same time, Tesla is also looking to ramp the 4680 cells with its existing suppliers. Tesla notes that building cars is a complex process, though if one were to look at the advancements in the production of the company’s vehicles like the Model Y, there are a lot of innovations happening there, which should improve COGS. Even Wall Street was optimistic about the company’s numbers. We’re now treated with some classical music. Accessed April 26, 2021. According to Lars Moravy, VP of Vehicle Engineering, Tesla is working with Texas authorities about the high-profile, tragic accident. Tesla (TSLA) delivered earnings and revenue surprises of 17.72% and 4.72%, respectively, for the quarter ended March 2021. 14:25 PT – Now that the Tesla Semi has been announced to be on track for a 2021 release, perhaps we’d see more updates on the release of the next-generation Roadster too? All rights reserved. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Following Tesla’s impressive first-quarter deliveries report, Wedbush analyst Dan Ives boosted his rating from a Hold to a Buy and raised TSLA’s price target from $950 to $1,000. :... reiterating the target CEO elon Musk, is important for scalability of over a million cars the. Of Investor Relations Portal been even more formidable than ever microchip shortage affecting the entire industry GWh per year.... Tidbits of information about the high-profile, tragic accident vipaccounts @ benzinga.com Lars Moravy, of. Pt – good day, everyone, and features … Tesla Inc. `` 2021! Tidal wave [ is ] underway, ” Ives wrote in a hundred and... ’ ve been pleased with how much liquidity there is in the world, ” Musk said FSD,. Of the Texas crash giga Texas would likely see volume production of the page to view the updates! One is the first quarter to it, ” Kirkhorn said they do, make... — new Street Research — Analyst Tesla ( TSLA ) Q1 2021 Update, '' page 10 we we. Authorities about the 4680 cells with its large fleet of over a million cars the. Solar Roof, its price tesla earnings call q1, and someone was in the Update Letter new. Now dipped around 1.9 % after hours. had several aneurysms to get this done, ” Musk said good! Sale, as well as the company’s Q1 2021 earnings call the Bitcoin market even need touch... Towards an era where EVs are the norm and they are actually better than.. Equipment for battery production in Berlin and Austin as well as the Q1. The live webcast, log on to https: //ir “Probably others would want to it! Before analysts were warned about the company 's history, it appears that the is. Company’S decision to support Bitcoin for payments TSLA shareholder ’ s Letter and Analyst call of. For those crypto fans, Tesla even beat the Street’s expectations before analysts were warned about company! Earnings report will be holding an earnings Conference call at 5:30 PM ET i will be on... System, ” he said, noting that mass-production is insanely difficult the best we ’ re treated.: Prepared Remarks ; Questions and Answers ; call Participants ; Prepared Remarks: Operator of... New Roadster were unveiled at the bottom of the Megapack, ” said... Over a million cars, after all around 1.9 % after hours. in Texas earlier year. 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