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Blog Tesla Posts Record Quarterly Profit

TMC Staff

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May 19, 2017
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Tesla announced Monday a record quarterly net profit of $438 million. 



“In Q1, we achieved our highest ever vehicle production and deliveries,” the company said in its Q1 2021 update. “This was in spite of multiple challenges, including seasonality, supply chain instability and the transition to the new Model S and Model X. Our GAAP net income reached $438M, and our non-GAAP net income surpassed $1B for the first time in our history.”



According to the update:



RevenueTotal revenue grew 74% YoY in Q1. This was primarily achieved through substantial growth in vehicle deliveries, as well as growth in other parts of the business. At the same time, vehicle ASP declined by 13% YoY as Model S and Model X deliveries reduced in Q1 due to the product updates and as lower ASP China-made vehicles became a larger percentage of our mix.ProfitabilityOur operating income improved in Q1 compared to the same period last year to $594M, resulting in a 5.7% operating margin. This...

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So, do I understand that absolutely nothing was said in the call about the delays to the Models S and X refresh? No reasons given, no forecast of when production will resume, etc.?
Deliveries of the model s will start next month and the model x deliveries will start Q3. But of course Elon also said deliveries would start in February so.
 
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Reactions: David29

Scott Fairchild

2014S,2016 X 90,2018 3, 2019 XRvn, 2021 Y, 2014S
Mar 27, 2016
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Melbourne fl
An interesting table of TESLA projected growth (attached).

By the end of this year, all 4 Giga factories (TX is really a Tera factory) should be operational and coming up to speed.
There continues to be a strong demand for Tesla vehicles. Go through any drive-thru and everybody there wants one. An entire generation is poised to buy.

2023 Should bring the $25,000 Tesla built in China, which will open up another revenue stream.

Tesla has over 1,000,000 Cybertruck orders. Even at a 250,000 unit production per year, that's four years of backlogged product for delivery.

For the past five years, EVs have been somewhat of a novelty and an interest to progressive minds. Tesla is now moving into the mainstream. I am finding that ICE car owners are now gradually taking a much stronger interest in EVs. One Cadillac owner told me he won't buy the Cadillac EV, but will buy Tesla because of the product longevity, reliability, safety, price, and experience with EVs. Look at Chevy BOLT. More of a JOLT. Abject failure and GM losing money on each unit. By report, GM loses up to $9000 on every BOLT they sell. The recent battery fires and recalls will probably help them out with their bottom line. (stop the bleeding).

Not to mention Solar, providing help to Texas' broken electric grid and TESLA batteries around the world.

In the meantime, TESLA charges on. GO TESLA!

We just have to get them to stop hitting emergency vehicles!
 

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