As expected, our average selling price (ASP) declined further as our mix continues to shift from Model S and Model X to the more affordable Model 3 and Model Y. Further, rising coronavirus fears, especially in March, are likely to have thwarted vehicle demand. GM Trucks and SUVs Sales The stock has an Earnings ESP of +1.53% and currently carries a Zacks Rank #2. © 2020 The Associated Press. Tesla has confirmed that its next quarterly earnings report will be published on Wednesday, October 21st, 2020. Can Tesla manage its inventory efficiently? The electric vehicle producer reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.54. Financial figures in all charts above were obtained and referenced from financial statements available in Tesla Annual and Quarterly Results.
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The coronavirus crisis is also expected to have hurt Tesla’s sales due to factory closures and production shutdowns, hurting the EV maker. Postal Service Contract, SPACs Are in a Bubble, but These 3 Stocks Will Make It Through, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Weekly Preview: Stocks To Watch (AMZN, INTC, MSFT, NFLX, TSLA), The Five Fastest Growing Economies In The World, #TradeTalks: The Launch of (JAAA) and Democratizing Access to CLOs, A Cyclical Move Overall in the Markets Is Afoot, BofA’s Hyzy Says, Ignoring Science Led to Over 200,000 U.S. The losses had been primarily due to the extra R&D and SGA expenses incurred during the course of the business operation. We were able to build more Model Y vehicles in its first quarter of production than in the first two quarters of Model 3 in 2017. The company is slated to release first-quarter 2020 earnings on Apr 29. In addition, Tesla’s revenue year over year growth has also been entirely positive over the past 5 years, meaning that the company has managed to grow its revenue higher compared to the corresponding quarter in the previous year. Hit by the coronavirus crisis, the Zacks Consensus Estimate for Tesla’s first-quarter earnings per share has been revised downward by 33 cents to 27 cents in the past 30 days. This is also likely to have buoyed its earnings for the to-be-reported quarter. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. PALO ALTO, Calif., April 02, 2020 (GLOBE NEWSWIRE) -- In the first quarter, we produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. Accordingly, Tesla has been making losses in most of the quarterly results, with some of them even losing more than $500 million within a single quarter. Is GM Stock A Better Buy Than Tesla Stock? Do Not Sell My Personal Information (CA Residents Only). So just sit tight and read on to find out more! Get short term trading ideas from the MarketBeat Idea Engine. Copyright 2013-2020 by Stock Dividend Screener. Your opinions are important to us. We are coordinating closely with each supplier and associated government. Many Model Y buyers reported rejecting their SUVs due to mismatched paint and body panels that didn't fit properly.