Replies to post #97895 on Savvy Trades and Investments

[researcher59]

TSLA +55 to 798, after an earnings beat and maintained guidance for a multi-year annual growth rate of 50%.

I'm seeing lots of Tesla's on the road these days. It's becoming a very popular car.

briefing -

Tesla beats by $0.46, reports revs in-line, reaffirms expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon (742.50 +5.91) :

Reports Q2 (Jun) earnings of $2.27 per share, $0.46 better than the S&P Capital IQ Consensus of $1.81; revenues rose 41.6% year/year to $16.93 bln vs the $16.92 bln S&P Capital IQ Consensus.
Total deliveries of 254,695 vehicles, up 27% yr/yr.
Automotive gross margin down 46 bps yr/yr to 27.9%.
Free Cash Flow of $621 mln, flat yr/yr.
New Factories: New factories in Berlin-Brandenburg and Austin continued to ramp in Q2. Gigafactory Berlin-Brandenburg reached an important milestone of over 1,000 cars produced in a single week while achieving positive gross margin during the quarter. From our Austin factory, the first vehicles with Tesla-made 4680 cells and structural battery packs were delivered to our U.S. customers.
Outlook: Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency and the capacity and stability of the supply chain.