Enterprise financial reportInvestment & Economynew energyStrategic emerging industries

4q20’s revenue was $10.744 billion, up 46% year on year, exceeding expectations From Tesla

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the 4q20’s revenue was $10.744 billion, up 46% year on year, exceeding expectations From Tesla recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Strategic emerging industries, Investment & Economy, new energy.

Tesla, a silicon valley electric vehicle manufacturer( NASDAQ:TSLA )After the closing of the US stock market on Wednesday (early in the morning of Thursday, Beijing time), the company released its financial report for the fourth quarter of fiscal year 2020.

After the release of the financial report, Tesla shares fell 4.5% to 825 U.S. dollars per share.

According to the report, Tesla motor’s total revenue in the fourth quarter was US $10.744 billion, up 46% compared with us $7.384 billion in the same period of last year, exceeding expectations; its net profit attributable to common shareholders was US $270 million, up 157% compared with us $105 million in the same period of last year; Tesla motor’s adjusted ordinary share attributable to common shareholders in the fourth quarter was not in accordance with us general accounting standards Diluted earnings per share was $0.80, up 95% from adjusted earnings per share of $0.41 in the same period last year, but less than analysts expected.

Performance summary:

Tesla’s total revenue in the fourth quarter was $10.744 billion, up 46% from $7.384 billion in the same period last year, exceeding analysts’ expectations. According to FactSet, a financial information provider, analysts on average expect Tesla’s fourth quarter revenue to reach $10.32 billion.

Tesla’s fourth quarter net profit attributable to common shareholders was $270 million, up 157% from $105 million in the same period last year. Tesla motor’s diluted earnings per common share attributable to common shareholders in the fourth quarter were $0.24, up 118% from $0.11 per common share attributable to common shareholders in the same period last year.

Excluding certain one-time items (not in accordance with US GAAP), Tesla’s adjusted net profit attributable to common shareholders in the fourth quarter was US $903 million, up 134% from US $386 million attributable to common shareholders in the same period last year. Excluding certain one-time items (not in accordance with US GAAP), Tesla’s adjusted diluted earnings per common share attributable to common shareholders in the fourth quarter was US $0.80, up 95% from US $0.41 in the same period last year, but not as expected by analysts. On average, analysts expect Tesla’s adjusted earnings per share to reach $1.01 in the fourth quarter, according to FactSet.

Performance of each department:

Tesla’s total auto business revenue in the fourth quarter was $9.314 billion, up 46% from $6.368 billion in the same period last year. Among them:

– Tesla motor’s revenue in the fourth quarter was $9.034 billion, compared with $6.143 billion in the same period last year;

– revenue from Tesla’s car rental business in the fourth quarter was $280 million, compared with $225 million in the same period last year.

Tesla’s fourth quarter revenue from its power generation and energy storage business was $752 million, compared with $436 million in the same period last year.

Tesla’s fourth quarter service and other revenue was $678 million, compared with $580 million in the same period last year.

Other performance indicators:

In the fourth quarter, Tesla produced 16097 models of model s and model x, down 10% from 17933 in the same period last year, and 163660 models of model 3, up 88% from 86958 in the same period last year.

In the fourth quarter, Tesla delivered 18966 models of model s and model x, down 3% from 19475 in the same period last year, and 161701 models of model 3, up 75% from 92620 in the same period last year.

Tesla motor’s gross profit in the fourth quarter was US $2066 million, an increase of 49% compared with us $1391 million in the same period last year; its gross profit margin was 19.2%, an increase of 39 basis points compared with 18.8% in the same period last year.

The gross profit of Tesla’s auto business in the fourth quarter was $2.244 billion, up 56% from $1.434 billion in the same period last year; the gross profit rate was 24.1%, up 157 basis points from 22.5% in the same period last year.

Tesla motor’s adjusted EBITDA (net profit excluding interest, tax, depreciation and amortization) in the fourth quarter was US $1.850 billion, up 57% from US $1.175 billion in the same period last year; the adjusted EBITDA profit margin was 17.2%, up 131 basis points from 15.9% in the same period last year.

Tesla motor’s net cash from operating activities in the fourth quarter was $3.019 billion, up 112% from $1.425 billion in the same period last year.

As of the end of the fourth quarter, Tesla motor’s total cash and cash equivalents were $19.384 billion, up 209% from $6.268 billion at the end of the fourth quarter of last year.

Performance Outlook:

Tesla expects the average annual growth rate of its car delivery to be 50% over the next many years, some of which are expected to be higher than this average, and 2021 is expected to be such a year.

Stock price trend:

Tesla shares fell 2.14% to close at $864.16 on Wednesday.

After the financial report was released, Tesla’s share price fell 4.5% to 825 U.S. dollars per share because the adjusted earnings per share in the fourth quarter failed to meet analysts’ expectations.

Tesla: 3q20 financial report teleconference record to reduce the price of Tesla to the level that people can afford. In October 2020, the sales volume of new energy vehicles increased by 119.8% year on year. Tesla and other four auto companies sold more than 10000 Tesla: 3q20’s revenue reached US $8.771 billion, net profit increased by 131% year on year ideal car: total revenue of 3q20 was RMB 2.511 billion Year on year growth of 28.9% Weilai: revenue of 3q20 is 4.526 billion yuan, exceeding expectations Weilai: delivery volume in November 2020 sets a historical record, doubling year on year for eight consecutive months Tesla: revenue of 2q20 drops 5% year on year to $6.036 billion Weilai: gross profit margin of 3q20 financial report is 14.5% Q4 delivery of 5600 + second generation platform NT2 is absolutely ahead Li Bin is very confident Weilai: teleconference record of 3q20 financial report Upcoming Passenger Car Association: November 2020 national passenger car market analysis Tesla: 2q20 financial report teleconference record Chinese suppliers may be the most competitive suppliers in the world Wei Lai and other new forces become important forces in new energy vehicle market

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button