TSLA
Tesla Inc (TSLA)
$995.61
Key Stats
| Open | $1.04K |
| Today Low/High | $995.4 / $1.05K |
| 52 Week Low/High | $539.49 / $1.24K |
| P/E ratio | 328.6 |
| Market Cap | - |
Company Details
| Organisation | Tesla Inc |
| Headquaters | Palo Alto, California, US |
| Employees | 48.02K |
| Industry | Consumer Durables |
| CEO | Elon Musk |
Company Financials
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Tesla Inc Quarterly Results for Q3 (2021): Key Highlights
Revenue
Total revenue grew 57% YoY in Q3 to $13.8 billions beating street estimates. This was primarily achieved through substantial growth in vehicle deliveries, as well as growth in other parts of the business.
Income
Tesla has reported a sharp rise of 389% in net income to $1.62 billion in (GAAP) for the quarter ended Sep from $331 million in the year-ago quarter. The record results were driven by improved gross margins of 30.5% on its automotive business and 26.6% overall.
Cashflow
Operating cash flow less capex (free cash flow) decreased by 5% on year to $1.3B in Q3. The company has paid net debt and finance lease repayments of $1.5B in Q3. In total, there was a $164M decrease in its cash and cash equivalents in Q3 to $16.1B from the previous quarter.
Vehicle Deliveries
Tesla has disclosed deliveries of 241,391 electric vehicles, up by 73% from last year and production of 237,823 vehicles during the quarter ending Sept 30, 2021.
Crypto
A $51 million impairment related to the value of its bitcoin holdings was reported as an operating expense under "Restructuring and other."
Margins
The company's operating income rose 148% on year to $2.0B in Q3 compared to $809 million in the same period last year, resulting in a 14.6% operating margin.