Tesla misses by $0.23, beats on revs, remains on track to start vehicle production at Berlin and Austin plants this year (864.16 -18.93)
- Reports Q4 (Dec) earnings of $0.80 per share, $0.23 worse than the S&P Capital IQ Consensus of $1.03; revenues rose 44.9% year/year to $10.7 bln vs the $10.38 bln S&P Capital IQ Consensus.
- Automotive gross margin of 24.1% vs. 27.7% last quarter and 22.5% in year ago quarter.
- Adj. EBITDA up 57% yr/yr to $1.85 bln.
- Total production of 179,757 vehicles; total deliveries of 180,667 deliveries, up 61% yr/yr.
- In Berlin and Austin, TSLA remains on track to start vehicle production this year with structural batteries leveraging in-house battery cells. Co is excited to ramp the updated Model S and Model X and deliver its first Tesla Semi by the end of the year.