Tesla exceeded revenue estimates in Q4 2021 by more than $1 billion:
According to Tesla's shareholder deck for Q4, which was released on Wednesday, not only was the company profitable, but it exceeded analyst estimates for revenue by over a billion dollars. Not bad when you're over a billion bucks ahead of the game, right?
[...] In the production department, things were similarly rosy. The company reported that it increased overall production of all its vehicles combined by 70% versus Q4 of 2020. Of course, that's not super surprising given what 2020 was like. Interestingly, Model S and Model X production was down 19% year over year, while the Model 3 and Model Y were up by 79%, which shows the brand's continued commitment to its more affordable models.
[...] Tesla also continued to expand its Supercharger network to a total of 3,476 stations with 31,498 plugs. That's a bump of 36% in stations over 2020, which is pretty respectable, especially considering supply chain issues and their effect on everything construction-related.
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https://arstechnica.com/cars/2023/03/ford-will-lose-3-billion-on-electric-vehicles-in-2023-it-says/
There's no doubt that Ford is embracing electrification. It was first to market with an electric pickup truck for the US market, and a darn good one at that. It has a solid midsize electric crossover that's becoming more and more common on the road, even if it does still upset the occasional Mustangophile. And there's an electric Transit van for the trades. But its electric vehicle division will lose $3 billion this year as it continues to build new factories and buy raw materials.
The news came in a peek into Ford's financials released this morning. As we reported last year, Ford has split its passenger vehicle operations into two divisions. Electric vehicles fall under Ford Model e, with internal combustion engine-powered Fords (including hybrids and plug-in hybrids) falling under Ford Blue. The move was in large part to placate investors and analysts, no doubt starry-eyed during a time when any EV-related stock was booming.
Related:
Tesla Exceeded Revenue Estimates in Q4 2021 by More than $1 Billion (20220127)
Tesla Burns More Cash, Fails to Meet Production Targets (20171102)
Ford Investing $4.5 Billion to Bring Electrification to 40% of Its Vehicles by 2020 (20151214)
(Score: 1, Informative) by Anonymous Coward on Thursday January 27 2022, @03:54PM (6 children)
https://www.cnbc.com/2021/10/26/teslas-china-sales-have-grown-to-nearly-half-the-sales-in-the-us.html [cnbc.com]
Bullet points on this article:
(Score: 2) by JoeMerchant on Thursday January 27 2022, @04:31PM (5 children)
And the stock price continues to sink past levels last seen in October 2021.
🌻🌻 [google.com]
(Score: -1, Troll) by Anonymous Coward on Thursday January 27 2022, @04:54PM
Jew-run ventures such as Tesla are not made successful through their own hard work, they are anointed their success using dark money, and by the deep-state thugs who need a legitimate cutout for their activities. Amazon, Facebook, Twitter, Reddit, all the same shit. Palantir will be the next one to reach obscene and questionable levels of success. So greedy Jews can profit and further subjugate the Goyim.
(Score: 4, Funny) by Freeman on Thursday January 27 2022, @05:03PM
If a company isn't bleeding money, then it must be worthless. Quick, someone throw more money at Uber!
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by crafoo on Thursday January 27 2022, @05:25PM (1 child)
In a market where every P/E ratio is completely F-ed up by free printed money and effectively 0 interest rates, total market capitalization and a company's profitability have little correlation.
(Score: 2) by legont on Friday January 28 2022, @04:18AM
Yet, P/E is the only thing we can use for an estimate. Based on it and old fashion charts I hereby predict it will drop into 30-100 area.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2) by cmdrklarg on Friday January 28 2022, @03:49PM
From what I understand it is the chip shortage that is the biggest factor. Tesla has postponed production of Cybertrucks due to that.
The world is full of kings and queens who blind your eyes and steal your dreams.
(Score: 0) by Anonymous Coward on Thursday January 27 2022, @05:24PM (1 child)
What's that in Dogecoin?
(Score: 0) by Anonymous Coward on Thursday January 27 2022, @06:11PM
Depends on what day/minute/second you ask. And if Elon has changed his mind again about accepting crypto as payment for cars...
(Score: 3, Interesting) by Phoenix666 on Thursday January 27 2022, @05:42PM (4 children)
Tesla has become predictably overambitious with its timelines. When it was announced the Cybertruck was said to begin sales in 2022. Now they're pushing it to 2023. That's not a big deal when the deposit was $100, but when that sort of thing happens consistently it softens the impact of the company's announcements. They should try to do the opposite every third or fourth announcement, to begin shipping new models before initial deadlines.
That would keep the level of investor and market attention where Tesla still needs it to be. Other car manufacturers are coming out with their own electric cars, and some of them are credible. Especially in sectors like semis, delivery vans, and trucks where Tesla hasn't really entered yet, the Fords and GMs of the world aren't waiting around for Tesla to steal a march on them anymore.
Long term market domination will depend on Tesla locking in key advantages like setting standards, owning critical patents on battery technology, and that sort of thing.
Washington DC delenda est.
(Score: 0) by Anonymous Coward on Thursday January 27 2022, @06:17PM (3 children)
I still think that Elon wants to be a battery manufacturer. It's a much more straightforward business if you are selling business-to-business (supply batteries to other car companies, utilities, etc) than it is to sell to individual buyers ("consumers").
I predict he'll get out of the Tesla car business and then claim he started Tesla to have an initial market for his batteries. (no predictions as to when this might happen)
(Score: 0) by Anonymous Coward on Thursday January 27 2022, @08:22PM (2 children)
yes, battery are essential but they are not "high tech" like computer chips are. i suppose it's possible to reverse engineer cpus but i also think that reverse engineering batteries is alot easier.
so, having a "outlet" (in shape of a e.car) for your own batteries is probably still a good thing to have ...
as for who will "win" the battery market, it's all about cost, duh. so whoever can decouple at least the energy input cost of manufacturing batteries will win. plain and simple dog-fooding.
this is plain logical but with all the financial wizardry .. or rather sorcery, who knows how the "i'll pat your back if you pat mine" cabal of old money will twist the market towards an "agreeable" winner ... one thing is for sure; it will not come cheap. just like fusion is taking forever, maybe not because it's difficult to make a fridge-sized deuterium fusor with excess output, but a herculean (and time consuming) task to mold education, science and clubbermint enough to make it impossible so that only a >50'000 ton machine is just barely feasible : P
(Score: 0) by Anonymous Coward on Thursday January 27 2022, @08:29PM
cabal (noun): you know ... wydencliff(?) tower and a pigeon lover dying broke and alone in a n.y. hotel room -cabal.
(Score: 2) by PiMuNu on Friday January 28 2022, @11:55AM
> maybe not because it's difficult to make a fridge-sized deuterium fusor with excess output
Thanks Mr AC. I will await your designs for that fusor. Looking forwards to seeing it!
(Score: 1, Informative) by Anonymous Coward on Thursday January 27 2022, @08:50PM
"he started Tesla to have an initial market for his batteries"
And he ran a solar panel company into the ground.
(Score: 1, Insightful) by Anonymous Coward on Friday January 28 2022, @01:15AM (1 child)
If "analysts" miss the mark by one BILLION, and yes that is with a "B", it shows what bullshit projections are from "the street." These same projections where a company's stock will go down if they doubled their profits, but the experts expected them to treble them.
(Score: 0) by Anonymous Coward on Friday January 28 2022, @04:56AM
It's all about the bass with investors