CNBC Television Elon Musk gives better-than-expected guidance on call
🎯 Загружено автоматически через бота:
🚫 Оригинал видео:
📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал.
✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его.
📃 Оригинальное описание:
CNBC’s Gene Munster joins FM to discuss the Tesla earnings call. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso and Pete Najarian. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
Tesla reported fourth-quarter results that came in stronger than expected on Wednesday. Shares fell as much as 5% in extended trading on Wednesday after the automaker warned supply chain issues could persist throughout 2022, but later rebounded into slightly positive territory.
Here’s how the company performed:
Earnings (adjusted): $ per share, vs. $ per share expected by analysts, according to Refinitiv
Revenue: $ billion, vs. $ billion expected by analysts, according to Refinitiv
Revenue rose 65% year over year in the quarter, while automotive revenue totaled $ billion, up 71%, according to a statement.
Energy generation and storage revenue was $688 million, which was down 8% and below the StreetAccount consensus of $815.1 million. It was the lowest revenue for that division since the first quarter of 2021.
Net income, at $ billion, was up some 760%, and Tesla said it had a 27.4% gross margin, compared with 26.6% in the previous quarter.
“Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022,” the company said in a shareholder deck.
CEO Elon Musk said on the company’s earnings call that he expects Tesla to remain “chip-limited” in 2022, and that the company would introduce no new vehicle models this year as a result.
“We will not be introducing new vehicle models this year. We will still be parts constrained.” He said the company would instead work on engineering and tooling to create those future vehicles.
Shareholders had been waiting for progress updates on the company’s long-delayed heavy duty Semi truck and experimental Cybertruck pickup.
The CEO also said the company is not currently working on a $25,000 compact electric vehicle, contrary to the ambitions he announced at a Tesla Battery Day presentation in 2020.
Musk alluded to ongoing supply chain issues in a tweet Last November, writing, “Oh man, this year has been such a supply chain nightmare & it’s not over! I will provide an updated product roadmap on next earnings call.”
Despite those challenges, Musk said, Tesla had been making quite a few cars in Austin and Berlin starting in late 2021. He noted, “In Texas, we’re building Model Ys with the structural battery pack and the 4680 cells. We will start delivering after final certification of the vehicle which should be fairly soon.”
Tesla’s first U.S. factory in Fremont, California, achieved record production in 2021, the company noted. The company aims to expand capacity at that facility beyond 600,000 cars per year.
In its shareholder deck, Tesla revealed that it has expanded its experimental driver assistance systems testing program, dubbed FSD Beta, to around 60,000 users in the U.S.
“Full Self-Driving (FSD) software remains one of our primary areas of focus,” the company wrote. “Over time, our software-related profit should accelerate our overall profitability.”
The California DMV and federal vehicle safety regulators at NHTSA are both investigating Tesla’s approach to testing new, and unfinished driver assistance features with customers on public roads in the US. The California DMV is also investigating Tesla’s use of the term “Full Self-Driving” to describe its premium, driver assistance package.
» Subscribe to CNBC TV:
» Subscribe to CNBC:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
1 view
4
2
3 days ago 00:01:20 1
[CNBC Television] BlackRock CEO Larry Fink says bitcoin impacts the U.S. dollar
3 days ago 00:01:39 1
[CNBC Television] Moderna’s phase three RSV trial found to be 83.7% effective in older adults
3 days ago 00:03:43 1
[CNBC Television] We could be approaching an earnings recession: Investment strategist
3 days ago 00:04:09 1
[CNBC Television] Blackstone enters deal to manage AIG’s insurance and housing assets
3 days ago 00:03:07 1
[CNBC Television] Two strategists break down markets ahead of busy earnings week, FOMC meeting
3 days ago 00:01:49 1
[CNBC Television] Small businesses push back on Amazon Prime Day
3 days ago 00:19:11 1
[CNBC Television] ETF Edge, November 11, 2024
3 days ago 00:01:29 1
[CNBC Television] Popular American SUVs to be hit by Mexico tariffs
3 days ago 00:03:48 1
[CNBC Television] Inflation battle is ’absolutely’ done, says Yardeni Research president
3 days ago 00:01:48 1
[CNBC Television] Final Trades: Apple, Oracle, Roku & more
3 days ago 00:01:19 1
[CNBC Television] CNBC Millionaire Survey: 42% expect the economy to be weaker in 2024
3 days ago 00:05:14 1
[CNBC Television] Look for companies with better balance sheets: Pro
3 days ago 00:06:13 1
[CNBC Television] Cyclicals are going to be a winner: Jonathan Golub