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Tesla misses on earnings, dismays Wall Street

Moomoo News ·  Jan 28, 2021 00:11  · Earnings Preview

by Linear

$Tesla, Inc.(TSLA.US)$ reported earnings after the bell and missed expectations. Mask said it expects annual average delivery growth of 50% going forward.

Tesla shares fell as much as 7.6% in postmarket trading after closing down 2.1% to $864.16.

  • Earnings: $80 cents adj. vs $1.03 per share expected, well below the blowout $2.14 of a year ago

  • Revenue: $10.74 billion vs $10.4 billion expected

  • Gross margins: 19.2%, the lowest since the last quarter of 2019.

  • Operating margins: 5.4%, down from 9.2% in the previous three months

  • Capital expenditures: $1.15 billion

Source: CNBC

Tesla also said it would begin producing its latest model -- a crossover SUV, the Model Y -- at new plants in Austin, Texas, and Brandenburg, Germany, in 2021 using the company's own new battery cells.

Source: Tesla official website

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Comment Comment 2 · Views 9083

Comment(2)

  • user-avatar

    So can I maybe just get a car? I could really use that kind of gift for my B-day tomato? And so that I can possibly make it to see my Daughter? If I could receive this one thing in life! That would be the very last thing I ever ask for again in life.

    Jan 28, 2021 00:20
  • user-avatar

    Higher than expected revenue but lower than expected Earnings?

    Jan 28, 2021 00:41

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