Tesla beats on earnings, but misses on revenue

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[captkerosene]

This really sets TSLA up for a huge second half.

[grim..sentinel]

Clowns! All FUD. Margins went down when ramping 2 new factories AND huge supply chain raw material prices. Wow, shocker…not. Still miles better than other auto manufacturers. Just imagine Tesla margins without those two headwinds. Will be incredible

[hashimj]

The recession won't effect Tesla, the legacy automakers won't effect Tesla 🚀🚀🚀

[jaym]

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

[elemenop]

How does that 28% margin compare to other auto manufacturers? And then how does it compare to other manufacturers margins on EVs?

[iali]

You can tell these guys really hate Tesla.

[QPham]

Tesla sold 1 billion worth of Bitcoin 😄

[eplugplay]

So happy tesla dumped bitcoin. Wished they dumped all of it though

[lylestavast]

hard to hit the top line when you can't make and ship cars from your star factory due to government shutdown there... BUY. 3Q and 4Q are going to be killer...

[peterodaka]

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[dzerres]

Give us comparisons to GM, Ford, VW and others. CNBC is pretty much wrong about everything. I go there for the laughs. Look at Tesla's YoY numbers and margins - they are outrageous and have never been seen in the automobile industry for large producers. Tesla could report a 50% reduction in various margins and they still would be double the margins of a VW or GM. GM produces 12 hummers a day - twelve! Why even bother turning on the lights for that?

[antonkarridian]

Tesla just built 2 new factories. As they ramp, margins will be constrained. Tesla is the future.

[harrychu]

Tesla reported a 46% YoY Revenue growth in Q2 in a very difficult environment. Other large caps could only dream of a sales growth rate like that in the best of times.

This one is an obvious buy in a slowing economy.

[Stoneface_]

Still an extremely impressive quarter from $TSLA giving the macro back drop in the vehicle market. It's basically an imploding bubble and they will still deliver 50% YoY on a full year basis. EV demand will overwrite macro for the next decade. Tesla needs no outside capital, so independent of capital markets. Companies with funding needs might suffer, though. Also, It looks like there’s a lot of variability in expected revenue. If you use Bloomberg revenue estimates, that was a beat. Way to go Musk👊🏽

[skyak]

Margins are so high for tesla because;
-they only make luxury EVs -tesla made the choice to stay high margin so they will never be large market share
-they have been running flat out -typical auto factory runs 85% or less in bad times. Now TSLA has more factories than sales...
-Tesla pays hourly workers far less than competitors. Options compensation is NOT counted in margins. IF/WHEN tesla labor gets equal pay, margins will take a big hit.

[ungwungboozia]

why are they showing that fake chart tesla never went that high in after hours.

[owbnqvq]

Tesla has been hiking prices like crazy with a base Model 3 $48k and Model 3 long range $59k. A base Model Y is now $70k. Despite this their gross automotive margins are decreasing. It will be interesting to see how much further margins decline as consumers get more conservative in this recession. Also, as Tesla continues to scale there will be less and less buyers looking for $60-70k vehicles. Tesla obviously can't pass all of their costs onto the consumer and scaling to a more mass market vehicle at a reasonable price will reduce margins. Further, Tesla has had more than 50% of their production coming out of China the past couple years where labor and everything else is super cheap. All that factory labor they are spinning up in Austin and Berlin is going to be much more expensive and reduce their gross margins quite a bit as they scale those up. At a bare minimum their blue collar labor is going to probably cost 3x more in the US on an hourly basis and even more in Germany.

[PC-cswp]

What about the BITCOIN sales on the sheet? If didnt have it the numbers would be negative!

[kombe]

I thought there was a recession?!! Hahahahaha!!

[KungPowEnterFist]

I don't care about beats and misses. I care what the numbers actually are, and Tesla Q2 earnings are a dumpster fire for a supposed $750B market cap company. That is a huge drop in gross margin to go long with a big drop in revenue.