For the quarter ended September 2023, Tesla (TSLA - Free Report) reported revenue of $23.35 billion, up 8.8% over the same period last year. EPS came in at $0.66, compared to $1.05 in the year-ago quarter.
The reported revenue represents a surprise of -4.23% over the Zacks Consensus Estimate of $24.38 billion. With the consensus EPS estimate being $0.72, the EPS surprise was -8.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tesla performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total vehicle deliveries: 435,059 versus 439,208 estimated by seven analysts on average.
- Model S/X deliveries: 15,985 compared to the 16,872 average estimate based on five analysts.
- Model 3/Y deliveries: 419,074 versus 425,039 estimated by four analysts on average.
- Solar deployed: 49 MW compared to the 84.83 MW average estimate based on two analysts.
- Storage deployed: 3,980 MWh versus the two-analyst average estimate of 3,926.66 MWh.
- Revenues- Energy generation and storage: $1.56 billion versus the eight-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of +39.6%.
- Revenues- Automotive sales: $18.58 billion versus the eight-analyst average estimate of $20.61 billion.
- Revenues- Services and other: $2.17 billion compared to the $2.19 billion average estimate based on seven analysts. The reported number represents a change of +31.7% year over year.
- Revenues- Automotive regulatory credits: $554 million compared to the $324.93 million average estimate based on five analysts. The reported number represents a change of +93.7% year over year.
- Revenues- Automotive leasing: $489 million versus the five-analyst average estimate of $597.34 million. The reported number represents a year-over-year change of -21.3%.
- Total Automotive Revenue: $19.63 billion versus the four-analyst average estimate of $19.42 billion. The reported number represents a year-over-year change of +5%.
- Gross profit- Total Automotive: $3.67 billion versus the six-analyst average estimate of $3.80 billion.
View all Key Company Metrics for Tesla here>>>Shares of Tesla have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended September 2023, Tesla (TSLA - Free Report) reported revenue of $23.35 billion, up 8.8% over the same period last year. EPS came in at $0.66, compared to $1.05 in the year-ago quarter.
The reported revenue represents a surprise of -4.23% over the Zacks Consensus Estimate of $24.38 billion. With the consensus EPS estimate being $0.72, the EPS surprise was -8.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tesla performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total vehicle deliveries: 435,059 versus 439,208 estimated by seven analysts on average.
- Model S/X deliveries: 15,985 compared to the 16,872 average estimate based on five analysts.
- Model 3/Y deliveries: 419,074 versus 425,039 estimated by four analysts on average.
- Solar deployed: 49 MW compared to the 84.83 MW average estimate based on two analysts.
- Storage deployed: 3,980 MWh versus the two-analyst average estimate of 3,926.66 MWh.
- Revenues- Energy generation and storage: $1.56 billion versus the eight-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of +39.6%.
- Revenues- Automotive sales: $18.58 billion versus the eight-analyst average estimate of $20.61 billion.
- Revenues- Services and other: $2.17 billion compared to the $2.19 billion average estimate based on seven analysts. The reported number represents a change of +31.7% year over year.
- Revenues- Automotive regulatory credits: $554 million compared to the $324.93 million average estimate based on five analysts. The reported number represents a change of +93.7% year over year.
- Revenues- Automotive leasing: $489 million versus the five-analyst average estimate of $597.34 million. The reported number represents a year-over-year change of -21.3%.
- Total Automotive Revenue: $19.63 billion versus the four-analyst average estimate of $19.42 billion. The reported number represents a year-over-year change of +5%.
- Gross profit- Total Automotive: $3.67 billion versus the six-analyst average estimate of $3.80 billion.
View all Key Company Metrics for Tesla here>>>Shares of Tesla have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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