EPS was Up 433% in Tesla’s 2021 Q3 Financial Results

Tesla (NASDAQ: TSLA) announced its 2021 Q3 financial results on October 20, 2021. According to the announcement, total revenues were up 56.8% (3 months, YoY). Among them, total automotive revenue was up 58.4%. Income from operation and net income were up 147.7% and 388.8%, respectively. Adjusted EBITDA was up 77.3%. In addition, GAAP-based EPS was up 433.3% (3 months, YoY). During trading hours on October 21, Tesla’s stock price was surged by more than 3%.

According to Tesla, the average selling price (ASP) was down 6% while operating margin improved by 534bp to 14.6%. The decline in ASP is due to an increase in the lower-priced Model 3/Y delivery. Tesla’s efforts to rationalize its production and delivery are believed to have enabled selling the lower-priced vehicle at the higher margin.

Tesla is currently constructing Gigafactory Texas and Gigafactory Berlin. According to the announcement, pre-production vehicles are being fabricated in Gigafactory Texas. In addition, Gigafactory Berlin is expected to receive final permit approval before the end of the year.

Starting operations in Gigafactories Texas and Berlin would enable to receive scale merit by expanding production and delivery while making supplying costs lower in these regions.

Tesla, Inc. (NASDAQ: TSLA) Stock Chart

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Tesla.
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
  4. This report was originally prepared in English, and translated into the other languages with plugin utilizing Google Translation API. We hereby notify that the translations are provided only for the sake of reference, and any opinions or statements in this report should be interpreted in original English. We ask any investors reading this report to refer to the original financial statements issued by the company.
Translate »
%d bloggers like this: