[TechWeb] News on October 22, according to foreign media reports, Tesla, which announced its third-quarter electric vehicle production and delivery at the beginning of the month, will release its third-quarter earnings report after the close of the US stock market on Wednesday local time, that is, at 4 a.m. Beijing time on Thursday.
The earnings analyst conference call starts at 5:30 a.m. While the delivery volume of electric vehicles, the main source of revenue, has increased significantly year-on-year, whether Tesla’s revenue and profits in the third quarter will increase year-on-month is also a matter of concern to the outside world.
As for Tesla’s third quarter, some foreign media reported that some analysts expect revenue of US$25.
41 billion, and net profit attributable to common shares under U.S. GAAP is expected to be US$1.
68 billion.
According to analysts ‘expectations, Tesla’s revenue in the third quarter will increase year-on-year, but will decline slightly month-on-month, and net profit will increase month-on-month and decline year-on-year.
Judging from Tesla’s previously released financial report, their revenue in the second quarter of this year was US$25.
5 billion, and net profit attributable to common shareholders under US GAAP was US$1.
478 billion.
revenue in the third quarter of last year was US$23.
35 billion, attributable to common shareholders.
Net profit was US$1.
853 billion.
However, foreign media did not mention in the report why analysts still expect Tesla’s revenue this quarter to decline slightly month-on-month, even when the delivery volume of electric vehicles, the main source of revenue, has increased significantly month-on-month.
Tesla’s released production and deliveries show that they produced 469,796 electric vehicles in the third quarter and delivered 462,890 vehicles to bookings, which is higher than the 410,831 vehicles in the previous quarter and also higher than the 430,488 vehicles in the third quarter of last year.
Deliveries are also higher than the 443,956 vehicles in the previous quarter and 435,059 vehicles in the third quarter of last year.
However, as for Tesla’s final revenue and net profit in the third quarter, it will not be announced until after the financial report is released, and analysts ‘expectations may not be accurate.
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