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Tesla Delivers Record 112k in Q4 367k in 2019 +50% YoY
- Thread starter Ryno23
- Start date
So excited! Let's see what it does in the morning. 24% beat... amazing.
Typically the results are released upon the close of market, before the call: https://www.cnbc.com/2020/01/29/tesla-tsla-earnings-q4-2019.html
Q4 Earnings Report
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Highlights:
- Cash
- $930M increase in our cash and cash equivalents in Q4 to $6.3B
- $1.0B operating cash flow less capex ("free cash flow") in Q4
- Profitability
- Profitability $359M GAAP operating income; 4.9% operating margin in Q4
- $105M GAAP net income; $386M non-GAAP net income (ex-SBC) in Q4
- Volume growth and successful cost reduction
efforts were offset by normalization of ASP, mix shift towards Model 3 and a higher lease mix.
- Model Y production ramp started in January 2020, ahead of schedule
- Increased Model Y all-wheel drive EPA range to 315 miles from 280 miles
- Record vehicle deliveries of 112,095 in Q4
- Record Q4 storage deployment of 530 MWh; 26% solar growth QoQ
- For most of 2019, nearly all orders came from new buyers
that did not hold a prior reservation, demonstrating significant reach
beyond those who showed early interest
- We were able to start Model 3 production
in Gigafactory Shanghai in less than 10 months from breaking ground
and have already begun the production ramp for Model Y in Fremont.
- In Q4, the annualized total vehicle production rate in Fremont was just over 415,000 units, about the same rate as the factory under NUMMI reached in its peak year of 2006. We achieved this production rate in spite of Model S/X running on a single shift and before the start of Model Y production.
Just unbelievable quarter. +1 Billion in free cash flow! 6.3 billion cash on hand...
Oh and you can now configure Model Y... Deliveries start in March!! With a range of 315 miles instead of 280.
Guidance to comfortably exceed 500k deliveries in 2020(I think this is a major undersell)
- Cash
- $930M increase in our cash and cash equivalents in Q4 to $6.3B
- $1.0B operating cash flow less capex ("free cash flow") in Q4
- Profitability
- Profitability $359M GAAP operating income; 4.9% operating margin in Q4
- $105M GAAP net income; $386M non-GAAP net income (ex-SBC) in Q4
- Volume growth and successful cost reduction
efforts were offset by normalization of ASP, mix shift towards Model 3 and a higher lease mix.
- Model Y production ramp started in January 2020, ahead of schedule
- Increased Model Y all-wheel drive EPA range to 315 miles from 280 miles
- Record vehicle deliveries of 112,095 in Q4
- Record Q4 storage deployment of 530 MWh; 26% solar growth QoQ
- For most of 2019, nearly all orders came from new buyers
that did not hold a prior reservation, demonstrating significant reach
beyond those who showed early interest
- We were able to start Model 3 production
in Gigafactory Shanghai in less than 10 months from breaking ground
and have already begun the production ramp for Model Y in Fremont.
- In Q4, the annualized total vehicle production rate in Fremont was just over 415,000 units, about the same rate as the factory under NUMMI reached in its peak year of 2006. We achieved this production rate in spite of Model S/X running on a single shift and before the start of Model Y production.
Just unbelievable quarter. +1 Billion in free cash flow! 6.3 billion cash on hand...
Oh and you can now configure Model Y... Deliveries start in March!! With a range of 315 miles instead of 280.
Guidance to comfortably exceed 500k deliveries in 2020(I think this is a major undersell)
- Earnings: $2.14 adjusted vs. $1.72 per share expected.
- Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv.
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Stock is up 37 dollars. Expectations show the projected move to be around 60 one way or the other. Such a crazy stock.
These short sellers have to be distraught right now.
What's crazy is that January 2021 5 dollar puts actually have value which means theres actually people still betting on it going bankrupt in 12 months.
These short sellers have to be distraught right now.
What's crazy is that January 2021 5 dollar puts actually have value which means theres actually people still betting on it going bankrupt in 12 months.
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Its up $65 on the day to $632 now lol
So this is crazy from the ir report, by Mid 2020 they will have installed capacity for 740k vehicles per year run rate:
It will rocket up on this news for a week or so but it will eventually dip again as some people sell to take profits. I'm holding long but when it does peak it will be real tempting to sell off and buy in again on the dip.
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Still 17.5% short as of 1/15 lol sucks for them
It hit as high as $655 this has to be start of a squeeze, lots of margin calls going out tomorrow.
It's possible this earnings report was one last gasp for the shorts. Could be about to see a short squeeze and a huge runup like weve never seen before.
Congrats to Tesla. The Model 3 is definitely the best car I have ever owned/driven by far. They're going to take over the automotive industry. At this point, of you can afford one, I see no reason to purchase any other car at that price range outside of some very specific circumstances.
ResetEra told me Tesla was going bankrupt at the end of 2019!
Hold on, let's pause the jokes for a second and acknowledge they FINALLY added the Stealth Performance Model 3 as an option on the website! It's not a rare special order anymore!!!!!
I knew that wasn't true after driving a model 3 for a month... no way could a car so far ahead of everything else would fail that badly.
Yep me too. Not for at least 5 years yet though, I'm super happy with my 2015 Crosstrek for now. I'd like to install solar panels first and invest more money into the market. I'm certain they will still be making the Model Y in five years. :)
Yeah it's gonna be some time, I just leased a BMW 2 series last year so I have 2 more years...also I really love that car.
My wife has a 2014 Lexus ES hybrid and that's quite reliable and we probably won't be getting rid of that anytime soon...so it might be a while.
All I know is i'm about to make so much from my microsoft calls.
I have a new M3 and a 2015 Crosstrek!
My next car will be a Model Y likely, but in 3 years or so.
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But Tesla has never been profitable! (thank God that nonsense can be put to bed)
Tesla had a fantastic Q4 but I feel like the short squeeze will be driving it up over the next few days.
I have no doubt it will dip again at some point, but the valley won't be going super low anymore. This train is going way up over time from here on out. I feel it will accelerate towards the end of the year and after 2020 it's only going to be more pronounced.
Hah, we actually have two Crosstreks, a 15 and a 17. Our plan is to trade mine in for the MY and she'll keep her 17 but eventually buy a Forester so we have something larger to car camp in.
That plan might change though if the VW Buzz turns out super awesome with a kick ass range.
It won't, shorters will just find something else to bitch about like how spaceX satellites are ruining the sky or whatever
Seriously... F*** all the other automakers. They've been resting and not innovating. Tesla is all I will buy going forward.
No charge stations near me.
No ability to charge at home (own a townhome without a garage. My yard to parking space is over 100ft away)
No ability to charge at work.
No charging stations provided by our HOA.
I'd be on the list for a Model Y if I could get past some of these issues.
FB and MS are really based on where they were with their growth. While they beat estimates, investors really want to see FB expanding globally since that's where they need to be if there is any real growth to be made, and FB hasn't been making strong enough inroads there. MS on the other hand shows big gains in Azure cloud revenue, a huge growth segment since that market will only grow over time and AWS is still the big dog in the space.
I'm just bitching cuz they are in my portfolio which has most the big dogs except Google...which I'll probably eventually buy. Visa, Apple, MS, Amazon, Facebook. I really shouldn't complain lol
Already have a pre-order on the Dual Motor... tempted to go all in, and get the Tri-Motor.
Yeah, that's definitely an example of specific circumstances. That sucks. Sorry.
I was the same way as you, but when it "fell" (I choke just saying it) to $555, I pounced on it and bought as much as I felt comfortable due to the knowledge that the earnings call was coming up.
It went up since I bought, and I set a stop earlier today at 565 in case it fell after earnings came out....
My Bolt lease will be up in December, been eyeing the Model Y for a while now. Glad it should be out by then.
I'll probably be attacked by some here, but I have no stake in TSLA stock and don't want to touch it. At some point this multiple they're trading at is gonna fall hard. A record delivery quarter and they still had to depend on selling $130m worth of regulatory credits just to turn a profit.
As a car, I love them. I've driven a few 3's that are a bliss to drive. As a company, it makes me nervous as their valuation makes absolutely no sense from a business and numbers standpoint.
I'll probably be attacked by some here, but I have no stake in TSLA stock and don't want to touch it. At some point this multiple they're trading at is gonna fall hard. A record delivery quarter and they still had to depend on selling $130m worth of regulatory credits just to turn a profit.
As a car, I love them. I've driven a few 3's that are a bliss to drive. As a company, it makes me nervous as their valuation makes absolutely no sense from a business and numbers standpoint.
The same could have been said of Amazon and Apple when they were in their early growth phases so very long ago. Tesla is following a very similar trajectory and history. They are not just a car company and many people are trying to valuate them like they are.
The market is starting to wake up to this, thus the rising stock price. There will be a point where the growth slows down and the earnings begin to pour in like a tsunami, and suddenly the seemingly "high" valuation will actually seem low. This is likely years away, but it is coming.
Also planning to move from Bolt to Y next summer when wife's lease is up.
