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Tesla Daily: Tesla News & Analysis

Q1 Tesla Earnings Report - Financials and Shareholder Letter Analysis (04.26.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 27 April 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

Tesla reports a Q1 earnings beat with earnings per share of $0.93. Follow Rob Maurer's live reaction on Tesla's financials, then tune in for the earnings call!

Earnings call livestream: https://youtu.be/mBvyJk5O3A0

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283

Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're out of malware here and today we're going to go through a Tesla's

0:10.4

earnings report.

0:11.4

They just reported key one earnings.

0:12.8

They did deliver a beat.

0:13.8

We're going to go through all the numbers here and then a couple of takeaways from the call.

0:17.1

And then we'll also after this live stream head into the earnings call and we'll live stream

0:21.4

that as well.

0:22.4

I'll take notes.

0:23.4

So make sure to check that out.

0:24.4

The link for that will be in the show notes.

0:25.8

But let's get into the numbers here.

0:27.1

So starting off with the top line here, we can see Tesla's total sales came in at just

0:31.2

over 10.3 billion, 10.389 billion, has a little bit ahead of Analysts consensus, a little

0:36.7

bit ahead of my numbers, but basically in the right ballpark.

0:40.0

We did see kind of a mix though in between the categories, automotive sales came in about

0:44.6

where we expected, but a lot of that was driven by regulatory credits.

0:49.0

So Tesla actually, a new record for regulatory credit sales this quarter, almost half a billion

0:53.9

dollars, 54% more than Analysts expected, 46% higher than last year, 59% higher than

1:00.7

what I had expected of 325 million.

1:02.6

So that means that my average selling prices, my forecast there were a little bit high and

1:06.9

they Tesla made up the difference there with regulatory credit sales.

1:11.3

Energy sales, so just about half a billion dollars there in revenue, a little bit below

...

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