Tesla Q3 Results

Oct 19th: Tesla Q3 Results just published. Key data Revenue: $21.45 billion and 56% YoY growth. Income of $3.7 billion and 75% YoY growth. Operating margin of 17% up 262 bp. Tesla reported $1.05 in adjusted EPS, ahead of expectations of 99 cents, on revenues of $21.45 billion, lighter than the $21.96 billion expected. Net income

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Trevor Milton looked like the next Elon Musk—and may end in the nick.

Great reporting from Bloomberg as they cover the details about the trial of Trevor Milton the founder and chief crook of Nikola Motors. An intriguing story about a shady character, fraud, conspiracy and how investors were fleeced for many millions of $. The article concludes with: In July 2021, about six months after the botched

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Tesla update

Tesla will announce Q2 earnings next week on July 20th. What to expect and should you buy before earnings? Output We have two recent data points. Firstly the company released Q2 production numbers that showed deliveries of 254,695, far less than the market was expecting. This hurt the stock. The quarterly press release states production

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AI and self driving

Last week Tesla held its AI update day At AI Day Tesla unveiled an ambitious plan to complete the vertical integration of every component of its hardware and software stacks, from silicon, training cluster and compiler to driving simulator. If fully implemented in 2022, Tesla would be the most deeply integrated “automotive company” in the world.

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