Tesla call with analysts packed with new info

[Domenick]

I just finished up writing this post detailing what was said during Tesla's quarterly call with financial analysts. There are some pretty amazing claims and ambitious targets therein.

A few highlights:

• Expect to hear about a new factory plans, close to the end of the year, for Model Y and, possibly Semi. (I'd heard Semi might be built near Gigafactory, but that's not official)
• Tesla hopes to build 1,000,000 Model Y a year
• Tesla hopes to build 100,000 Semi trucks a year
• Coast to coast trip is 3 to possibly 6 months away, but after that happens, owners will have same capability.
• Jon McNeil, president of global sales and service has left the company and won't be replaced.

Feel free to hit me up with any questions,

 

[Domenick]

Guess we can also talk about what's in the fourth quarter financial results as well.

Yep, there's a big $675 million loss, but there's also lots to be upbeat about

 

[JyChevyVolt]

Guess we can also talk about what's in the fourth quarter financial results as well.

Yep, there's a big $675 million loss, but there's also lots to be upbeat about

TSLA is getting killed. Very disappointed in 5% gross margin on Tesla energy. Giga factory advantage? ZEV credit sale was 170+ million. Almost 850 million in loss.

 

[Domenick]

TSLA is down, for sure, but a lot of that has to do with the market correction.
Yes, margins were down on everything, though Deepak said he was confident S and X would be back up to 25-26% by the end of the year, and Model 3 margin, which is still negative, should be shortly behind them.

Losses in the filing were $675.35 million, which was less than expected.

Would have liked to hear more about energy margins and prospects during the call, though I imagine they would be upbeat (of course).