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Rice to make electric cars (EV)The July-September (third quarter) financial results announced by Tesla on the 21st were in black numbers for the fifth consecutive quarter. The profit exceeded analysts’ expectations. The company has revealed that it will continue to deliver 500,000 vehicles in 2020.
Even though other automakers are struggling due to the spread of the new coronavirus infection, Tesla is on the S&P 500 stock index with continued profitability.You can gain momentum towards hiring. Tesla’s earnings per share from July to September were 76 cents on an adjusted basis, above the analyst expected average of 55 cents.
Stock prices temporarily increased 4.5% in overtime on the 21st. The usual closing price is $ 422.64. 405% more since the beginning of the year.
Tesla’s “Model Y”
Tesla’s gross profit margin increased more than 2.5 points to 23.5%. The operating margin increased to 9.2%.
The company has reiterated its prospect of achieving its goal of delivering 500,000 units worldwide this year. CEO Earon Musk said last month that the target could not be exceeded, not mentioning the target when it announced its financial results last quarter. To achieve this goal, it will be necessary to deliver more than 181,000 vehicles in October-December (fourth quarter), which is 30% faster than the previous quarter.
In the announcement material, the company said: “Although it is increasingly difficult to achieve the goal, our goal remains to deliver 500,000 vehicles in 20 years.” He explained that it will be greatly affected by the increase in production.
Big goal
Tesla deliveries must exceed 180,000 in the fourth quarter to reach the 500,000 goal
Source: Company statements except projection.
Sales for the July-September period were $ 8.8 billion (about 920 billion yen), which exceeded expectations. Sales of warming gas emission rights (credits) that comply with environmental regulations to other companies were $ 397 million, compared to $ 428 million in April-June (second quarter).
“Loans are a major factor in higher-than-expected earnings per share,” said Ben Caro, analyst at Robert W. Baird. “But that’s just one factor. Tesla’s competitors are paying for the credit, and Tesla is reinvesting it in its factories in Berlin and Texas,” he said.
Original title:Tesla wins in profit, reaffirms goal of 500,000 deliveries (2) (抜 粋)
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