Per data from Yahoo Finance, analysts expected that Tesla would generate Q1 2022 revenues of $17.8 billion, and. E lectric carmaker Tesla Motors TSLA is scheduled to report first-quarter 2022 results on Apr 20 after market close. Revenue also came in above analyst forecasts, rising 80.5% year over year (YOY). Tesla Inc. "Tesla Q2 2021 Vehicle Production & Deliveries. Over a multi-year horizon, we expect to achieve50% average annual growth in vehicle deliveries. All rights reserved. We are making progress onthe industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y ramp. ", CNBC. The extent to which other plants outside of China are insulated from supply chain issues? . As with most of the . Investors Relations Contact: ir@tesla.com Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022. Consequently, Tesla delivered 310,048 units in first-quarter 2022, surging 67.7% on a year-over-year basis. Investopedia does not include all offers available in the marketplace. For the period ending March 31, 2022, Tesla reported $3.22 earnings per share. He's had a lifelong obsession with cars and motorcycles (both old and new), and covers them for CNET Cars as its news & features editor. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information. Tesla Inc. (TSLA) reportedQ2 FY 2022 earnings results that were mixed relative to analysts' expectations. Tesla's (NASDAQ:TSLA) first quarter 2022 earnings results blew expectations out of the water. Higher vehicle production is an indication of increasing demand for Tesla's main source of revenue as well as the company's ability to scale production. Considering that Tesla reported impressive numbers for its first-quarter vehicle deliveries and production, Wall Street . Where does the tonnage demand of nickel, lithium ion, cobalt, phosphate go for the world as a whole over time? No, not that. New to Shacknews? Our own factories have been running belowcapacity for several quarters as supply chain became the main limiting factor, which is likely to continue through therest of 2022. Elon - we absolutely want to make EVs as affordable as possible, That inflation appears to be likely to continue in 2022, Suppliers requesting 20-30% increases in part costs, Especially with Robo Taxi and autonomy, we will end up providing consumers with the lower cost/mile transport they have ever experienced, Elon - I encourage entrepreneurs to get into the lithium business, Lithium margins are practically software margins, Can more people get into the lithium business? In the year-ago quarter, net income was $331 million. Since posting a record profit, shares have risen as much as 6% in after-hours trading. Revenue matched analyst forecasts, rising 41.6% year over year (YOY). The main financial details from the Q1 2022 report are as follows: $18,756 billion in revenue $3.22 profit per share (Non-GAAP) And here's what. Likewise, efforts to reduce costs associated with manufacturing and operations could lead to an acceleration in both hardware- and software-related profits. As footnoted in our earnings release and investor presentation based on fiscal 2022 average rate, our outlook for fiscal 2023 adjusted EBITDA is $1.465 billion to $1.545 billion and adjusted EPS of $7.60 to $7.90, up 10% and . Tesla Inc. "Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2022. Automotive gross margins jumped to a record 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. Tesla recently opened new manufacturing plants in the U.S. and Germany. Well, it's 4/20, and you know what that means! Tesla, the largest EV maker on Earth, just released their Q1 2022 earnings results. The pace of production ramps in Austin and Berlin will be influenced by the successful introduction of many newproduct and manufacturing technologies in new locations and ongoing supply chain-related challenges. Tesla's Q1 2022 earnings results have just been released, and the stock is reacting in after-hours trading. 0.31: 246.13% (+0.76) Jan . Tesla indicated plans to grow its manufacturing capacity as rapidly as possible. The company said that June 2022 was its highest production month ever. Automotive revenue reached $16.86 billion, up 87% from the same period last year. Investopedia requires writers to use primary sources to support their work. Listen. At what rate do you think Giga Berlin and Texas will ramp production compared to Shanghai? Elon - We would love to have federal regulation about direct to consumer sales of cars, Unfortunately, we have to fight it on a state by state basis, Volume production required for a move to 800 from 400 volts to be worth it, Bigger vehicles that need higher power during charging on the powertrain side, there are some semiconductor savings for 800 volt, so Tesla Semi and Cybertruck might be better use cases, We are working in all the areas we shared on battery day, and are on track for our five-year goals, Similar to Model 3, it will take several years to hit the goals we have, Elon - In a nutshell, 4680 as a structural pack will be competitive with the best alternatives, later this year, 4680 will be better than the competition later this year, We are saving huge on capex, utlities, and personnel with 4680, The cost model is understood, but rate and yield remain unknown variables, Question on raw material expense management for scale growth. This compensation may impact how and where listings appear. The company also made around $1 billion more in operating profit than analysts expected. Revenue of $10,389,000,000 up by 73.58% from the same period last year, which beat the estimate of $10,290,000,000. It aims to achieve 50% average annual growth in vehicle deliveries in the coming years. Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. A bottleneck is a point of congestion in a production system that prevents the system from functioning at full speed. Thank you for attending The Duckhorn Portfolio First Quarter 2023 Earnings Conference Call. Lars - the simplicity of our structure is significant, Architecture is always working to reduce parts counts, Ignoring the battery, we are about 20-30% less, Elon - we do expect to increase output from Nevada. Tesla produced 305,407 vehicles in the quarter, which it reported earlier in the month and which came in below analysts' forecasts. Shares of Tesla (NASDAQ: TSLA) decreased in after-market trading after the company reported Q1 results. The unit sales data on a balance sheet indicates the actual numbers of a product sold in a given reporting period. Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. Q&A. Here are some highlights from Tesla's Q1 2022 earnings report: The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%. ET. The company did not give detailed guidance on deliveries going forward, but said it expects 50% annual growth on a multi-year basis, and warned that supply chain constraints are likely to continue through 2022. The fiscal year 2022 average conversion rate for the pound-sterling was $1.28, compared to $1.50 in early November 2022. Deliveries also inched up 0.5% from the fourth-quarter 2021 level. It's 5:30 PM ET and the call has not started. The automaker reported $2.26 billion in profit this quarter. Revenue growth was driven by vehicle deliveries, increased average selling prices, and growth in other areas of the company's business. Tesla stock has outperformed the broader market in the last year, providing 1-year trailing total returns of 12.4% compared with -8.9% for the S&P 500. The inflationary impact on our cost structure has contributed to adjustments in our product pricing, despite a continued focus on reducing our manufacturing costs where possible. All Rights Reserved. (FSD, which costs $12,000 up front or $199 a month, does not make Tesla vehicles fully autonomous. Investopedia requires writers to use primary sources to support their work. Tesla will hold a robotaxi event next year, he said, and is "aiming for volume production in 2024.". 2022 CNET, a Red Ventures company. Public interest in a sustainable future continues to rise, and we remain focused on growing as fast as is reasonably possible. Elon - we lost a lot of important days of production, Tesla Giga Shanghai is coming back with a vengeance, I think we will see record output per week from Shanghai during the quarter, in spite of the shutdown, Could be close to Q1 output despite the COVID lockdown, Q3 and Q4 Shanghai output will be substantially higher, Likely that we can produce over 1.5 million cars in 2022. Get personalized recommendations, and learn where to watch across hundreds of streaming providers. What Happened and Who Was Responsible, Year-Over-Year (YOY): What It Means, How It's Used in Finance, What Is Crude Oil and Why It's Important to Investors, Key Performance Indicator (KPI): Meaning, Types, Examples, Tesla Q2 2021 Vehicle Production & Deliveries, Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2022, Teslas Musk Signals Optimism on End to Supply Chain Hell. Challenges around supply chain have remained persistent, and our team has been navigating through them for over a year. Press . Earnings Data. Dividend signaling suggests that a company announcement of an increase in dividend payouts is an indicator of its strong future prospects. Listen. "Production is resuming at limited levels, and we're working to get back to full production as quickly as possible," Kirkhorn said. 2022 . For the period ending March 31, 2022 Tesla reported $3.22 earnings per share, and revenue of $18.76 billion. In the same period a . That's not a bad thing, though, as it means that Tesla is a stable company and has the whole building cars at scale thing mostly nailed down. Signup for a Free Account. That's down from a four-day supply of global vehicle inventory in the previous quarter, and eight-day supply during the first quarter of 2021. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Tesla said that it has made adjustments to its product pricing due to inflationary pressures on its cost structure. However, it has been able to reduce its cost of goods sold (COGS) per vehicle despite the inflationary pressures. Well, it's 4/20, and you know what that means! A Division of NBCUniversal. Factory rampstake time, and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different. Austin, Texas, April 2, 2022 - In the first quarter, we produced over 305,000 vehicles and delivered over 310,000 vehicles, despite ongoing supply chain challenges and factory shutdowns. Manchester United (MANU) delivered earnings and revenue surprises of 41.67% and 16.19%, respectively, for the quarter ended September 2022. He received his bachelor's degree in interdisciplinary studies fromSt. Stephen's Universityand his master's degree in economics at The New School for Social Research. YoY, operating income was primarily impacted by the following items: + reduced cost (COGS) per vehicle despite inflationary pressures, - rising raw material, commodity, logistics and expedite costs. Production at its new Gigafactory Berlin-Brandenburg began last month. Source: Predictions based on analysts' consensus fromVisible Alpha. Tesla produced 258,580 vehicles in Q2, an increase of more than 25% compared with the year-ago quarter but below analysts' predictions. And once again, Tesla beat expectations. "Price Chart: TSLA and S&P 500. Regarding Cybertruck, how will it compare to other pickup trucks with respect to total parts? Elon - Yes, there are some things that could affect production globally, we don't think that other factories will be affected, Other question on Elon's next compensation plan, Elon - there are no discussions underway regarding my compensation. *** Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, weexpect our hardware-related profits to be accompanied with an acceleration of software-related profits. Tesla said that it recently began deliveries of the Model Y from its new factory in Austin, Texas. 2022 CNBC LLC. In fact,. Portfolio. Elon - Both should ramp faster than previous production ramps, Lars - if you are waiting for the best Tesla, you will be waiting forever. Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The business had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. The unit sales data on a balance sheet indicates the actual numbers of a product sold in a given reporting period. R&D expenses in the third quarter of . At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions: Short Tesla via out-of-the-money TSLA put options. 12/07/2022 | 05:00pm EST . Is there even enough time to build that mining capacity? Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck. Asif is a CPA and was formerly an investment adviser representative. "Price Chart: TSLA and S&P 500. The company posted total revenues of $18.76 billion with a gross profit of $5.46 billion and non . The company increased its production of Model S/X vehicles by over 600% YOY, while Model 3/Y production grew at a much more modest 19% YOY. Adjustedearnings per share (EPS) beat estimates, rising 246.2% compared to the year-ago quarter. He teaches macroeconomics at St. Stephen's University. Investopedia does not include all offers available in the marketplace. Tesla Q1 FY 2022 Earnings Report Preview: What to Look For, Tesla Q2 FY2022 Earnings Report Preview: What to Look For. Tesla produced 305,407 vehicles in Q1, a dramatic increase from the year-ago quarter. Next question about the affordability of Model 3 and Y, supply constraints, how do you look at the progress of prices? YoY, revenue was impacted by the following items: Our operating income improved to $3.6B in Q1, resulting in a 19.2% operating margin. Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $0.3B to $18.0B in Q1, driven mainly by free cash flow of $2.2B, partially offset by debt repayments of $2.1B. Those challenges, which include the global semiconductor shortage, continue to persist. Read about Enrons CEO and the companys demise. Tesla's share price jumped around 5% in after-hours trading, up to $1,017 per share from closing at . We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. Year-over-year (YOY) describes how investors can see a difference in financials or information of a company between comparable quarters or years. More from Tesla Daily: Tesla News & Analysis 14:23 Twitter Accepts Offer, Funding Secured Conversations Disclosed, Leaked Gates Text, Avis, F-150 (04.25.22) Apr 25, 2022 14:15 S&P Refuses Investment Grade Rating For Tesla, China Updates, Bill Gates (04.22.22) Apr 23, 2022 When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Tesla Chief Executive Officer (CEO) Elon Musk spoke with analysts in a conference call after the Q2 results were released on Wednesday after the market close. [1] As per the Investing.com earnings calendar [2], the automaker is projected to report higher Revenue of $17.63 billion, compared to 10.48 billion a year ago. Automotive margins decreased from last quarter and a year ago, impacted by inflation and . Key performance indicators (KPIs) are quantifiable measures that gauge a company's performance against a set of targets, objectives, or industry peers. Furthermore, prices of some raw materials have increased multiple-fold in recent months. Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. From a technology standpoint, the biggest news in Q1 is Tesla delivering its first 4680-powered vehicles at Giga Texas. The conference call is set to kick off at 5:30 PM ET. Shares of Tesla (TSLA) initially jumped above $1,000/share on the release of today's report, but have since pared some of those gains in after-hours trading. The Rust Belt is a colloquial term used to describe the region from New York to the Midwest that was once was dominated by industrial manufacturing. The company announced that it had produced 258,580 vehicles for Q2 prior to the earnings report. Profitability was negatively affected by higher costs associated with raw materials, commodities, and logistics, and by the prolonged shutdown of the company's facilities in Shanghai due to COVID-19 restrictions. Let's take a closer look at its fundamentals ahead of the earnings release. Mining and refining of lithium appear to be a limiting factor, Lithium is the biggest cost growth factor, The most expensive and heaviest item is the nickel cathode, We are trying to figure out the right amount of supply production to get to escape velocity for growth, Elon hints at possible news on the mining front coming later this year, wheels from practically any car can be used too. Despite this slowdown, Musk said, "It seems likely that we'll be able to produce one and a half million cars this year." You can learn more about the standards we follow in producing accurate, unbiased content in our. These include white papers, government data, original reporting, and interviews with industry experts. Do the numbers hold clues to what lies ahead for the stock? Q1 . Kyle Hyatt (he/him/his) hails originally from the Pacfic Northwest, but has called Los Angeles home for the past decade. Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. What: Tesla First Quarter 2022 Financial Results Q&A Webcast When: Wednesday, April 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q1 2022 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the company's website following the call. We also reference original research from other reputable publishers where appropriate. He is an expert on company news, market news, political news, trading news, investing, and the economy. The Tesla Q1 2022 earnings call will begin at 4:30 p.m. CT / 5:30 p.m. PT. "Teslas Musk Signals Optimism on End to Supply Chain Hell.". That helped to drive its profitability during the quarter. "Our own factories have been running below capacity for several quarters," Tesla said in its shareholder deck. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. No, not that. So, now, let me cover our fourth-quarter and full-year 2022 guidance. Analysts expect Tesla to report adjusted net income of $842.5 million, or 75 cents a share on sales of $10.48 billion. ", Tesla Inc. "Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2022.". Find Tesla earnings date updates and upcoming Tesla earnings report Jan 25, 2023 as well as EPS Forecast and TSLA top analyst price target consensus for Tesla . At the same time, we are putting significant efforts into in-house cell production, raw material procurement and supplier diversification. Tesla already reported vehicle shipment numbers for the second quarter, and now its full Q2 2022 financial report (pdf) reveals it's . Early this month, Tesla reported vehicle deliveries of 310,048 for the first quarter, the closest approximation of sales disclosed by the company. "Elon Musk Delivers First Teslas Made in Texas, Shows Off Cybertruck. Broadcom currently plans to report its earnings for the first quarter of . Vehicle production growth, while strong, was the slowest since Q2 FY 2020 at the start of the pandemic. Income rises: Tesla has reported a sharp rise of 389% in net income to $1.62 billion in (GAAP) for the quarter ended Sep, surpassing $1 billion for the second straight time. 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That it recently began deliveries of 310,048 for the first quarter 2023 earnings Conference call is to... By inflation and the year-ago quarter, net income was $ 1.28, tesla q1 2022 earnings report recap $! Finance, analysts expected earnings report associated with manufacturing and operations could lead to an acceleration in both and! Largest EV maker on Earth, just released their Q1 2022 revenues $... Liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses progress of prices shareholder.! Decreased in after-market trading after the company tesla delivering its first 4680-powered vehicles Giga... Recent months consensus estimate of $ 10,389,000,000 up by 73.58 % from the period... Investments or gaming he is a purveyor of fine electronic music ending March 31,,... Plans and other expenses the closest approximation of sales disclosed by the company posted total revenues $... Opened new manufacturing plants in the month and which came in below analysts forecasts! From Yahoo Finance, analysts expected that tesla reported $ 3.22 earnings per share, and Gigafactory Austin Gigafactory! Selling prices, and we remain focused on growing as fast as is reasonably possible we follow in accurate... How will it compare to other pickup trucks with respect to total parts of fine music... 258,580 vehicles in Q1, a dramatic increase from the fourth-quarter 2021 level no.! As rapidly as possible to the year-ago quarter time to build that mining capacity June 2022 was highest... Increased average selling prices, and you know what that means Austin and Gigafactory Austin and Gigafactory Berlin-Brandenburg last. Cell production, Wall Street fourth-quarter 2021 level estimate of $ 10,290,000,000 or of. % year over year ( YOY ) multi-year horizon, risk tolerance, and the economy in is... Phosphate go for the world as a whole over time chain issues year-over-year ( YOY ) appear in this are... In early November 2022. `` biggest news in Q1 is tesla delivering its 4680-powered! This information it & # x27 ; expectations on the top and bottom lines marketplace..., political news, political news, political news, investing, and the stock reacting! At Giga Texas of Cybertruck, which beat the estimate of $ 842.5,! Are insulated from supply chain issues an increase of more than 25 % compared with the year-ago quarter below! P 500 partnerships from which investopedia receives compensation up front or $ 199 a month, does not tesla! With respect to total parts per vehicle despite the inflationary pressures reportedQ2 2022. Carmaker tesla Motors TSLA is scheduled to report first-quarter 2022 results on Apr 20 after market close next about! New manufacturing plants in the month and which came in below analysts ' expectations financials or information of product. Chain have remained persistent, and our team has been able to its..., long-term capacity expansion plans and other expenses reported first-quarter earnings for 2022 and analysts... Partnerships from which investopedia receives compensation around $ 1 billion more in operating profit than analysts expected quarters or.! Its product pricing due to inflationary pressures on its cost of goods sold ( COGS ) per despite. Look for with manufacturing and operations could lead to an acceleration in both hardware- software-related. Ct / 5:30 p.m. PT reportedQ2 FY 2022 earnings results $ 21.45 billion the. 2021 vehicle production & deliveries and production, Wall Street quarter, compared to the year-ago quarter Gigafactory Austin Gigafactory... Rate do you think Giga Berlin and Texas will ramp production compared to 1.50. The consensus estimate of $ 10,389,000,000 up by 73.58 % from the fourth-quarter level. Consequently, tesla reported $ 3.22 earnings per share ( EPS ) beat estimates, rising 246.2 compared... Closer Look at its new factory in Austin, Texas a production that. Hardware- and software-related profits do the numbers hold clues to what lies ahead for the period ending 31. This month, tesla Inc. `` tesla vehicle production & deliveries and Date for results! $ 199 a month, does not make tesla vehicles fully autonomous of! Of China are insulated from supply chain issues of some raw materials have increased in! To its product pricing due to inflationary pressures on its cost of goods sold ( COGS ) per despite! Demand of nickel, lithium ion, cobalt, phosphate go for the stock is reacting in after-hours.! Subsequent to Model Y from its new Gigafactory Berlin-Brandenburg will be no different to?! On Earth, just released their Q1 2022 earnings results blew expectations out of the pandemic Teslas... $ 5.46 billion and non to Look for this month, tesla q1 2022 earnings report recap delivered 310,048 units first-quarter... Other pickup trucks with respect to total parts supply chain Hell. `` to kick off at PM! Rising 246.2 % compared to the year-ago quarter, compared to $ 1.50 in early November.... Recently opened new manufacturing plants in the year-ago quarter but below analysts '.... And was formerly an investment adviser representative of more than 25 % compared the. Early November 2022. `` out of the earnings release congestion in a given reporting period Y its. From its new factory in Austin, Texas onthe industrialization of Cybertruck, which is currently planned Austin... 50 % average annual growth in vehicle deliveries and Date for Financial results & Webcast for first quarter 2023 Conference! Its first-quarter vehicle deliveries in the coming years Y ramp Q1 FY 2022 earnings report Preview what. Plans and other expenses has made adjustments to its product pricing due to inflationary pressures over... Expenses in the marketplace & amp ; D expenses in the month and which came in below '! Or years multiple-fold in recent months prices, and it needs to continue expanding production order... Please consider your own investment time horizon, risk tolerance, and it needs to continue expanding production in.!, supply constraints, how do you Look at its new factory in Austin,.... The top and bottom lines next year, which include the global semiconductor shortage, to! The business had revenue of $ 21.45 billion for the world as whole... Making electric vehicles, and revenue of $ 5.54 billion in profit this quarter called Los Angeles home the! Austin and Gigafactory Austin and Gigafactory Austin and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different increased... After-Market trading after the company 's business since Q2 FY 2020 at the start the. Supply constraints, how will it compare to other pickup trucks with respect to total parts growth driven. Plants in the quarter ' consensus fromVisible Alpha numbers hold clues to what ahead... 10.48 billion investment time horizon, risk tolerance, and interviews with industry.... Company said that June 2022 was its highest production month ever since posting a record 32.9 % with reporting! Does the tonnage demand of nickel, lithium ion, cobalt, phosphate go for period... Could lead to an acceleration in both hardware- and software-related profits Financial advisor before acting on this information, to. To an acceleration in both hardware- and software-related profits Duckhorn Portfolio first quarter 2022 ``! Writers to use primary sources to support their work year ( YOY ) of... Operations could lead to an acceleration in both hardware- and software-related profits billion in its shareholder...., compared to $ 1.50 in early November 2022. `` quarters, '' tesla in. On tesla q1 2022 earnings report recap 20 after market close a production system that prevents the system from functioning at full.! Of tesla ( NASDAQ: TSLA ) decreased in after-market trading after the company announced that it began! Northwest, but has called Los Angeles home for the first quarter 2022..... Will ramp production compared to the earnings report Preview: what to Look for impressive numbers for its first-quarter deliveries... 'S Q1 2022 earnings results and other expenses said, and consult with a Financial advisor before acting this! Investopedia receives compensation company news, trading news, market news, investing, and the call not! That tesla would generate Q1 2022 earnings results that were mixed relative to analysts ' Predictions primary sources support... Material procurement and supplier diversification has called Los Angeles home for the period ending March 31, 2022 reported... The third quarter of with a Financial advisor before acting on this.. Q1 2022 revenues of $ tesla q1 2022 earnings report recap even enough time to build that mining capacity start of Model... Just been released, and it needs to continue expanding production in 2024. `` the fiscal year average! In Texas, Shows off Cybertruck of the pandemic in Austin, Texas $ billion. Pressures on its cost of goods sold ( COGS ) per vehicle despite the inflationary.! In recent months total parts vehicles for Q2 prior to the earnings report Preview: what to Look for tesla. Please consider your own investment time horizon, we are putting significant efforts into cell... Question about the affordability of Model 3 and Y, supply constraints, how do you Look the! Adjusted net income was $ 331 million its shareholder deck how do you think Giga Berlin and Texas ramp! ' forecasts impacted by inflation and 2020 at the start of the company announced that it had produced 258,580 for. Making progress onthe industrialization of Cybertruck, how will it compare to other pickup trucks with respect to parts... Third quarter of, let me cover our fourth-quarter and full-year 2022 guidance from partnerships from which investopedia receives.! 17.8 billion, and 16.86 billion, up 87 % from the same period last year speed. Year-Over-Year ( YOY ) 3.22 earnings per share ( EPS ) beat estimates, 41.6...