The moment we’ve all been waiting for… Tesla reported Q3 2021 earnings after the bell today. 🚗 🔋 The automaker posted record revenues and profits in the quarter. 🏆
The company posted EPS of $1.86 (analysts expected $1.59) and revenue of $13.76 billion (analysts expected $13.63 billion.) The company’s revenues were up 57% YoY.
The automaker produced 237,823 vehicles in Q3 2021 and delivered 241,300 during the period. The overwhelming majority of the vehicles produced and delivered were Model 3 or Model Y model vehicles. The company booked the lion’s share of its revenue from vehicle shares and leasing: $12.06 billion (87.6% of revenue.) 🚀 🚀
The remainder of the company’s revenue was derived from the energy and storage and services and other segments, which represented $806 million (5.9% of revenue) and $894 million (6.5% of revenue), respectively.
All-in-all, the company booked over $2 billion in income from operations. After taxes and interest expenses took a bite out of that, the company’s (GAAP) net income for the quarter was $1.62 billion. 😍
In advance of Tesla’s earnings call today, investors were able to submit questions on Say Technologies. Among the questions were inquiries regarding the company’s new 4680 battery cells, production of a cheaper $25,000 model, and factory developments. Teslarati maintained a liveblog of the earnings call, which can be viewed here.
$TSLA lost 0.4% in AH.