Tesla’s market cap is around 94.6 billion USD,
which highly higher than its competitors
General Motors and Ford. Its share price is
being on a tear this quarter after the firm
surprised the market by announcing about its
profit on last October, back then the share
was traded at 250 USD.
Tesla has also announced that it delivered
112,000 vehicles in the last quarter to finish
out the year, total vehicles for 2019 is 50%
higher than 2018 as its reached 367,000
vehicles. Moreover, its CEO said that Tesla
plans to open a new design and engineering
center in China.
CoTesla Inc. is suffering from negative growth
in both terms, revenues and net income,
however both terms would be improved for in
the Q1 2020 albeit from low level. In April
2019, Tesla has reported a vey bad figures but
this time it will not be so bad, but not so good
as well as the company is facing challenges in
United States and European markets due to
price competition.
Tesla to deliver its units it should compete on
the price as there are many new models of
cars for too small few buyers.
On the conference, Tesla’s CEO said that,
there is no plan to raise money as the ability
of invest the sources in production lines and
factors still available with keeping its cash
flow positive. Added that this year will see
fast increase in the production of Model Y,
and this is related to the battery and the
Battery
Tesla’s market cap is around 94.6 billion USD
On 29th of Jan. 2020, Tesla has announced its
earnings for the last quarter of last year, its
revenues rose from $6.303 billion in Q3 to
$7.384 billion in Q4 last year. However, its net
income declined from $0.143 to $0.105 billion
as its operating cost has decreased, also its
EPS fell from $0.80 to $0.58.
mpared the second half of 2019 figures with
the second half of 2018s, the revenues, Net
Income and EPS have decreased in 2019;
where revenues declined by 3 percent, Net
Income decreased sharply by 45 percent, and
EPS dropped by 48 percent.
and the introduction of the next generation of
powertrain in Tesla’s vehicles, described as
“alien technology”. However, due to Corona
Virus the Shanghai Factory will shut down and
this will impact Tesla’s Q1 profits “slightly”.
Following the mixed report figures, the stock
declined by 2 percent to open the session at $
632.42 due to the concerns over shutting
down of Shanghai factory and CEO’s
statements.
Finally, here’s how the company did versus
expectations:
Earnings: $2.14 adjusted vs. $1.72 per share
expected.
Revenue: $7.38 billion versus $7.02 billion,
expected according to Refinitiv.
However, the share is expected to continue its
uptrend as the revenues is expected to keep
rising and the production growth of Model Y.