[Live Blog] Tesla’s financial results Q4 2015 and conference call

Tesla_Model_S_first_deliveries

Tesla is set to release its fourth quarter 2015 financial results today at market close. Management will hold a conference call with Q&A at 2:30pm Pacific Time (5:30pm Eastern Time). You can join on the call through Tesla’s website and join us below the break for live updates:

You can refresh the page for updates and please leave your comments below.

06:45 – Well that concludes our live blog. thanks for staying with me and stay tune for much more Tesla news coming your way on Electrek.

06:43 – We don’t want to be complacent on demand generation.

06:40 – Musk hints that the Model 3 would perform similarly to the Model S in its market segment (luxury – mid-luxury).

06:33 – Both Model S and X gross margin should be at 30% long term.

06:30 – Elon says he hasn’t made a decision yet on how much of the Model 3 Tesla will show in March.

06:28 – China doesn’t have a big on impact on Tesla. Mexico is exciting. – Elon

06:22 – Straubel sees a steeper ramp for the Model 3 production

06:18 – Model 3 will be less complex to manufacture than the Model S

06:14 – Elon still prefers to drive the Model S over the X because of lower position and faster acceleration.

06:12 – Elon says the Gigafactory is not a constraint for the Model 3 anymore.

06:10 – CTO feels comfortable about Gigafactory. Straubel says headcount troubles are overblown.

06:03 – Tesla Energy: we see an enormous market, but difficult to predict short term revenue – Elon

06:00 – dramatic improvements in reliability

05:57 – average Model X production in Q2 should be around 700 to 800 per week – Elon

05:55 – Musk – Model X is good that I’m not sure Tesla will be able to do it again.

05:52 -We took every action we could to suppress demand for the X -Elon

05:51 – Gigafactory has no toxic emission output – Elon

05:50 – Tesla findings that people want to upgrade to the Model S with Autopilot.

05:45 – Elon highlights the fact that Tesla is doubling its cumulative sales every year.

05:41 – New CFO Jason Wheeler now comments on the results.

05:37 – Elon is highlighting how the Model S is totally disrupting the Large Luxury car market in the US.

05:35 – Elon mainly rewording things from the shareholders letter.

05:31 – it’s starting!

05:20 – I’m back. The call will start soon. You can join in here and enjoy the classical music until it starts at around 5:30PM ET.

04:46 – TSLA is now up 14% in after market trading. I will be back in about half an hour to live blog the conference call, which will start at 5:30PM ET.

04:38 – TSLA is now up 10% in after market trading.

04:35 – 2016 guidance: To achieve these goals we plan to deliver 80,000 to 90,000 new Model S and Model X vehicles in 2016

04:31 – also an EPS miss: Our Q4 non-GAAP net loss was $114 million, or $0.87 per share, and our Q4 GAAP net loss was $320 million or a loss of $2.44 per share, both based on 131 million basic shares. For full year 2015, our net loss was $2.30 per share on a nonGAAP basis and a loss of $6.93 per share on a GAAP basis, both based on 128 million basic shares.

though the market is not reacting badly with TSLA up 5% in after market trading.

04:28 – miss on revenue: “Total Q4 non-GAAP revenue was $1.75 billion for the quarter,”

04:25 – “The cost of first year repair claims on cars produced in 2015 was at about half the level of cars produced in 2014, and about one quarter the level of cars produced in 2012.”

04:22 – “New Model S orders grew over 35% year on year in Q4” we already knew deliveries, but new sales is not the same so that’s nice of Tesla to share the info.

04:20 – “In Q4 alone, we generated $179 million of positive cash flow from our core operations defined as cash flow consumed in operations of $30 million plus cash of $209 million received from vehicle sales to our leasing partners”

04:18 – Get excited for the 31st: Model 3 unveiling is March 31st; on schedule for production & deliveries in late 2017

04:15 – Here’s the shareholders letter

04:04 – It’s still not available, but shouldn’t be long now…

03:58 – Any minute now, but in the meantime, Bloomberg is being fishy with a rather weirdly cropped graph:

bloomberg graph

03:44 – With just a few minutes before market close and earnings, TSLA is down 3.5% (and over 35% ytd)…

03:38 – I don’t know about you, but I don’t feel confident about Tesla turning a profit, even a marginal one like the Wall Street consensus predicts. Come on Tesla, prove me wrong!

03:32 – Check out our earnings preview to know what Wall Street and investors are expecting. Spoilers: $1.79 billion in revenue and $0.08 EPS.

03:30 – We are live and we should get the shareholders letter in about half an hour.

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Comments

  1. František Kubiš Jr. - 7 years ago

    After yeasterdays SCTY earnings call I hope for better results 😀

    • Fred Lambert - 7 years ago

      Yeah, hopefully better guidance than SCTY

  2. walt - 7 years ago

    If goals realized of 80-90K, they’ll be approaching the US rebate limit of 200K vehicles.

    • Fred Lambert - 7 years ago

      we have a post on that coming tomorrow i which we try to best estimate when tesla will hit the threshold if the mandate is not extended.

      • František Kubiš Jr. - 7 years ago

        80-90.000 is world wide. 200.000 limit is solely US based.
        In 2015 they delivered “only” 25k cars in the US so it will take some time to get to 200k US cars.

    • R3D - 7 years ago

      What is this 200K limit on the rebate in the US?

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Avatar for Fred Lambert Fred Lambert

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