Spectacular Result from Tesla yesterday. Best Quarter so far.
Net Income 1.4B from $104M
Non-GAAP earnings per share of $1.45 ahead of $0.98 expectation
Revenue rose 98% to $11.96 billion, from $6.04 billion a year ago
Operating cash flow of $619M
Produced 200k Vehicles
Operating Margin of 11%
Bitcoin-related impairment of ($23 million)
Solar and energy storage business rakes in $810M Rev. 116% from same Q last year.
The business is damped by ...
The chip shortage “remains quite serious,” Chief Executive Elon Musk said in a call after the results. “The chip supply is fundamentally the governing factor on our output,” and it’s hard to say how long it will last because it’s out of Tesla’s control, he said.
“To better focus on these factories, and due to the limited availability of battery cells and global supply chain challenges, we have shifted the launch of the Semi truck program to 2022,” it said.
and today by Chinese Tech and Education Stocks sell down. Tesla PE has come down from 1200 range many months ago to less than 175 ! with it's growth. That's how amazing the business ability to scale.
Took the opportunity to do a little DCA on Tesla Shares in a Sea of Red Tides.
Articles in this Blog is personal take and educational purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.