2014 Q4 Earnings Report and Conference Call

[v12 to 12v]

At 4 PM they sent the press release saying it'd be released at 5 PM. Tossing that through the Tesla Time calculator for a one-hour estimate, I come up with 5:17 PM for a possible 'actual arrival' time. ()

Don't forget that it is Pacific Time. Don't start your bots yet!

 

[favo]

I always get it here: Events & Presentations | Tesla Motors

Seems to be there now. Executive Summary:

Tesla Motors – Fourth Quarter & Full Year 2014 Shareholder Letter
• Introduced All-Wheel Drive Dual Motor Model S & Autopilot in Q4
• Record quarterly production of 11,627 vehicles
• Delivered 9,834 vehicles, as P85D production delays pushed some to Q1
• Expanded Supercharger network to cover US coast to coast & most of Europe
• Expecting over 70% growth in vehicle deliveries in 2015
• Model X to begin shipping in six months

 

[gen3_in_utah]

I was close. It hit at 5:16... Link.

Thanks for the link.
I kept hitting refresh on the IR page and got no updates.

 

[hobbes]

Removed full text of report, too long. Downloading works fine now - see link posted above.

 

[NigelM]

Here's the Shareholder Letter: View attachment Q4'14_Shareholder_Letter_Final.pdf

 

[ZenMan]

In 2015, we expect to deliver about 55,000 Model S and X vehicles, representing more than a 70% increase over 2014deliveries

 

[sub]

Model x shipping in 6 months

 

[yngwie_2012]

weird shareholder letter...im not sure how to interpret it...

 

[hockeythug]

Tesla starting to personally install charging systems in China customers’ homes and businesses.

 

[Tuxedo]

weird shareholder letter...im not sure how to interpret it...

You are not the only one, obviously. Crazy vol in the AM.

 

[dha]

10K Model S and 20K Model X...that's over half the ENTIRE YEAR'S production capacity already reserved.

 

[yngwie_2012]

I think it is funny that the selling started before the release was out.

cant find the total number of deliveries in 2014? they say production goal met but obviously not deliveries..

 

[Twiddler]

You are not the only one, obviously. Crazy vol in the AM.

I think it is funny that the selling started before the release was out.

That it how it has been for the last 2-3 quarters

 

[30seconds]

Seems to all come back to the production / delivery problems in Q4. If 1400 deliveries slipped that would be about $140m, which when added to the reported $1.1B revenues would have matched estimates of $1.23B.

2015 guidance for 55,000 units, but with 10k goal in Q1 means that there is some back end loading excepted. Higher margins probably the best surprise.

 

[FredTMC]

Tesla starting to personally install charging systems in China customers’ homes and businesses.

Thats in the letter?! Thx

 

[Hogfighter]

10K Model S and 20K Model X...that's over half the ENTIRE YEAR'S production capacity already reserved.

Precisely. Demand is, and has never been, not the issue. Won't be for a long time.

 

[yngwie_2012]

cant find the total number of deliveries in 2014? they say production goal met but obviously not deliveries..

im afraid stock will fall under 200$ a.h. if elon doesnt say something jawdropping in the earnings call..

 

[flankspeed8]

weird shareholder letter...im not sure how to interpret it...

I hope that Tesla will actually decide to act like a real publicly traded company as far as distributing ER's. You should have seen the people on CNBC trying to make heads or tails of this letter. They even made a comment how this is not like a 'real earnings report' rather it is 'a letter that can be hard to decipher' These are approximate quotes.

 

[hockeythug]

Thats in the letter?! Thx

Page 2, paragraph 3.

 

[30seconds]

10K Model S and 20K Model X...that's over half the ENTIRE YEAR'S production capacity already reserved.

not exactly since they probably have capacity for 45-50k Model S and 5-10k Model X