On Tuesday, Tesla Motors reported its Q3 earnings. Highlights include:
- Tesla came up a touch light on earnings, netting a loss of 58 cents per share ($1.78 GAAP), while revenue was mostly in line at $1.24 billion ($937 million GAAP).
- Expectations for the company to lower 2015 full year guidance was not realized, with the company still saying it will sell at least 50,000 EVs this year, and north of 17,000 in Q4; which seems to be buoying the shares much higher after hours.
- Automotive gross margin for Q3 were 23.7%, while additional ZEV revenue was $39 million. Total gross margin was reported at 25.1% non-GAAP (24.7% on GAAP).
Here's the video description:
"Elon Musk participates in Tesla Earnings Call Q&A in the first quarter including the launch of Model X and the release of the autopilot feature. Both topic takes center stage."
It's a long video (audio only) at over 1 hour, but if you're the type of person who just has to hear for yourself what was said on the call, then this video is must
watch listen to.