Tesla Q2 Earnings Report Reaction (TSLA)

➤ Join Rob Maurer for live coverage of the release of Tesla's Q2 2022 earnings report and shareholder letter

0:00 Earnings expectations
8:00 Earnings report released
19:50 Financial review
34:28 Bitcoin impairment analysis
43:53 Final review

#Tesla #TSLA #Investing

Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans

Disclosure: Rob Maurer is long TSLA stock & derivatives

[josephsawyer]

I love how Rob says sorry about the delay while doing math. Rob, we’re so lazy that we’re watching you do the math, no stress brother!!!

[corylohanlon]

Your math moments are actually quite useful. It's a little impromptu lesson in finance 101. Keep being awesome.

[dougmartin]

Elon said the cost of Berlin and Austin was included in R&D through Q1. After these factories started production their ramp up cost is now included in automotive. Hence the fall in R&D cost and the decrease in automotive margins.

[joebuslife]

For future reference. Ctrl + f5 will do a fresh fetch of the page. Normal refreshing sometimes just pulls the same old version of the page.

[stoor]

Rob I can’t think of any time you should be apologizing during a live feed or any video. We owe you for everything you do.

[SmartMart]

Great review of Q2. What no-one has mentioned - another profitable quarter means Tesla's 'junk' status is now even closer to being upgraded to 'investment grade'. This; when it happens, will force more institutions to buy into Tesla stock.

[JarrettAldrich]

Great job, Rob.
We appreciate this!

[randymoravec]

Press #1 to see a high octane car chase... Press #2 to see Rob double checking his spreadsheet... 😄

[nickcruz]

I'd estimate that I'm at >1000 FSD miles, at minimum. Tesla should make that info available on the app or account perhaps.

[beaguitartles]

Looks like Tesla moved Berlin and Texas from R&D to COGS which explains the mismatch. But then you nailed the operating margins (ex. bitcoin) which is quite nice!

[hubertnguyen]

Thanks Rob for spending time getting into the weeds for us. I wished that Tesla had sold their bitcoins back in the first quarter

[brodraust]

the drop in R&D: since Berlin and Texas are producing cars, the cost needs to be moved from R&D to production costs

[mattmannino]

Thanks again for your insights and making a complex report understandable.

[jas]

Can you show the whole excel table at the end?

[edwardhubbard]

Will they split the Battery reporting into Powerwall & Megerpack as one is retail & the other is wholesale. As they built the new factory for the megerpacks & the old factory all for Powerwalls. As at the speed it is growing it would be nice to know.

[marcusbiller]

So what price did Tesla sell these 30k Bitcoin at?

[ashh]

15:25 I don't think you meant "extrapolating" here

[jaym]

Foreign Revenue: Apple 67%, Google 55%, TSLA 55%, MSFT 50%, AMZN 35%

[ashh]

Couldn't they have sold Bitcoin at a profit *and* have had an impairment on the remaining Bitcoin they are still holding?

[philland]

That Elon tweet was May 16, 2021, not 2022.