Tesla 3rd qtr deliveries

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A 50% increase in production over the previous year for the equivalent quarter, Q3/2021, helps with reducing the backlog. Reports are that China delays are going down.

Tesla has decided cheaper delivery is better business than paying a premium for delivery transportation costs. So cars made in Q3/2022 will be delivered in Q4/2022. The cost savings leads to higher margins or if needed, lower product prices. Either one works for me.

Bob Wilson
 
Markets didn't like the miss, at least to start the day. Stock will probably recover later in the day. Musk blames shipping problems.
 
Actually shipping costs. Too much, end of quarter, Tesla demand inflated the shipping and delivery costs.

Bob Wilson
 
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Tesla has some struggles. Berlin is not working out so well, and Texas isn't there yet either. But Musk is still optimistic (as he always is) and forecasting 50% growth over the next few years. Lots of competition coming, albeit with their own struggles. Will see, and what the shareholders think about that.
 
That discussion of stock buy back was interesting too. What is the Tesla loss per vehicle sold?

Bob Wilson
 
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A high level view:
upload_2022-10-22_0-47-47.webp

Source: https://www.macrotrends.net/stocks/charts/TSLA/tesla/ebitda

Tesla annual and quarterly EBITDA history from 2010 to 2022. EBITDA can be defined as earnings before interest, taxes, depreciation and amortization.
  • Tesla EBITDA for the quarter ending September 30, 2022 was $3.386B, a 69.89% increase year-over-year.
  • Tesla EBITDA for the twelve months ending September 30, 2022 was $14.095B, a 143.27% increase year-over-year.
  • Tesla 2021 annual EBITDA was $9.434B, a 118.58% increase from 2020.
  • Tesla 2020 annual EBITDA was $4.316B, a 107% increase from 2019.
  • Tesla 2019 annual EBITDA was $2.085B, a 24.7% increase from 2018.
Bob Wilson
 
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3rd qtr results didn't help the stock price much. Still down to about 1/2 of what the highs were in 2021. I wonder if getting kicked out of the ESG funds and buying Twitter has dampened some enthusiasm.

upload_2022-10-29_14-49-1.webp
 
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