Tesla’s mission is to accelerate the world’s transition to sustainable energy through increasingly affordable electric vehicles in addition to renewable energy generation and storage. The company also provides vehicle service centers, supercharger station, and self-driving capability. Tesla operates through Automotive, and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers.... Show more
Rating: Strong Buy

Tesla earnings results and analysis for fiscal Q3 2019

Published a year ago

Tesla reported financial results for the quarter ended on September 30, 2019. The company reported earnings per share of $1.86 and a revenue of $6.35B. In the same period last year, Tesla reported earnings per share of $2.9 on revenue of $6.82B.

Quarter highlights:

  • The segment with the largest increase in revenue was Automotive sales, which had a revenue of $13.81B (+167.2% more than the previous quarter).
  • Gigafactory Shanghai ahead of schedule, trial production started.
  • Model Y ahead of schedule, production expected by summer 2020.
  • Record vehicle production of 96K and deliveries of 97K.
  • Record storage deployment of 477 MWh and 48% solar growth QoQ.
Tesla cars produced by model
Tesla cars delivered by model
Revenue by segment
Tesla Model Y Unveil

Model Y is an all-electric, mid-size SUV designed for maximum versatility and safety. Model Y will start at $39,000 for the Standard Range version, and will also come in Long Range, Dual-Motor All-Wheel Drive, and Performance variants.

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