PetroTal recently sold a swap at $62.05/bbl and bought a call at $70.00/bbl on approximately 750,000 barrels of H2 2022 production. I am not receiving compensation for it (other than from Seeking Alpha). Net income was $84.2 million an increase of 31% over Q1 2022 of $64.5 million and significantly exceeding $11.4 million in Q2 2021. A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas. Source: Roschetzky Photography / Shutterstock.com, TSLA Stock: 3 Things to Watch When Tesla Reports Earnings Oct. 19, 7 Semiconductor Stocks to Buy and Hold Forever, Louis Navellier and the InvestorPlace Research Staff. PetroTal will host an investor webcast on August 25, 2022 at 9:00 am CT (3:00 pm BST), following release of the Q2 2022 results. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "estimate", "potential", "will", "should", "continue", "may", "objective" and similar expressions. (844) 978-6257. First half 2022 capital expenditures are $41.6 million, trending well under the $70.0 million approved budget. Learn more on analysts' earnings estimate vs. TSLA's actual earnings. The Q3 report will do much to determine how Tesla ends the year. Mr. Musk might have a reputation for underdelivering on his extreme promises, but his implication of a record-breaking second half of 2022 may well come to pass. Halted Stocks Alert: Why Did FINRA Halt MMTLP Stock? October 14, 2022 By Samuel O'Brient, InvestorPlace Financial News Writer Oct 14, 2022, 1:47 pm EST October 14, 2022 Tesla ( TSLA ) will report third-quarter earnings next week. FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be deemed to be forward-looking statements. Record net income. See "Selected Financial Measures" section. The stakes are high following the companys disappointing deliveries earlier this month. Whilst Tesla may have ramped up production to new highs in the current quarter, deliveries have fallen short of analysts estimates. "Adjusted EBITDA" (non-GAAP financial measure) is calculated as consolidated net income (loss) before interest and financing expenses, income taxes, depletion, depreciation and amortization and adjusted for G&A impacts and certain non-cash, extraordinary and non-recurring items primarily relating to unrealized gains and losses on financial instruments and impairment losses, including derivative true-up settlements. How can I read Tesla's conference call transcript? OBrient loves helping everyone understand the complexities of economics. Rankings. Tesla originally announced the truck in 2019, with a goal of starting production in late 2021. During Teslas Q2 earnings call, Elon Musk said Cybertruck deliveries will start in the middle of 2023. As startups and legacy automakers offer more new electric vehicles, Tesla's share of the global and domestic EV market is expected to decrease but remain substantial. Exited the quarter with $77 million of total cash, including $13.5 million of restricted cash, and approximately ($79) million in net debt/(surplus)(1), a record level for the Company allowing for a future return of capital program in Q4 2022 or Q1 2023, with an extremely solid balance sheet profile. Tesla does not have a demand problem, we have a production problem, Musk said on the earnings call. Article printed from InvestorPlace Media, https://investorplace.com/2022/10/tsla-stock-3-things-to-watch-when-tesla-reports-earnings-oct-19/. How much profit does Tesla generate each year? Corporate Hedging Update. This Skill Could Change The Way You Trade! Get short term trading ideas from the MarketBeat Idea Engine. Learn more on TSLA's earnings history. FINRA Halts Trading in Meta Materials (MMTLP) Stock Ahead of Spinoff, Hydrogen Stocks PLUG, BE, FCEL Have a HUGE Catalyst Brewing, 3 Stocks to Buy to Profit From AI Chatbots. Globus Medical (GMED-3.56%) Q3 2022 Earnings Call Nov 08, 2022, 4:30 p.m. Get this delivered to your inbox, and more info about our products and services. In the meantime, competitors like Ford and Rivian have launched their own electric pickups, with Ford saying that it plans to make 150,000 F-150 Lightnings in 2023. And as a result, we have the potential for a record-breaking second half of the year. Tesla (NASDAQ:TSLA) has a trailing price-to-earnings ratio of 55.32 and a forward price-to-earnings ratio of 49.60. NIO Earnings History Diluent and barging costs were $3.4 million ($2.54/bbl) in the quarter, reduced significantly from $12.1 million ($8.68/bbl) in Q2 2022, and down from $5.3 million ($6.61/bbl) in Q2 2021. In fact, the majority of Teslas factories are in expansion mode, and this should enable the company to keep ramping up production whilst hopefully benefitting from the economies of scale that come with it. Deliveries increased slightly from the previous quarters308,600 deliveriesand outpacedthe 184,800 shipments Tesla madein the first quarter of 2021, representing a 68 percent year-over-year increase. In-depth profiles and analysis for 20,000 public companies. The price/earnings-to-growth ratio is 1.58. Large net derivative asset balance. This morning, two analysts reiterated their price targets and maintained bearish stances on Tesla as well. In the previous quarter, Tesla (NASDAQ:TSLA) reported $0.95 earnings per share (EPS) to beat the analysts' consensus estimate of $0.87 by $0.08. Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022. Tesla was hamstrung during the period ending June 30, 2022, by parts shortages, supply chain snarls and Covid restrictions that forced China's Shanghai factory to close or operate only partially for weeks. Supplemental Data Discussed During Q3 2022 Earnings Conference Call Q3 2022 Global S&BT | December 9, 2022 . That is really just not an issue for us. worried about the trucks windshield wiper, Tesla Cybertruck: all the news about Elon Musks futuristic pickup truck, Elon Musk is driving Teslas Cybertruck prototype around Los Angeles, Elon Musk promises Cybertruck vs. Ford F-150 rematch after controversy, Tesla already has over 200,000 deposits for its divisive Cybertruck, Tesla Cybertruck first ride: inside Elon Musks electric pickup truck. Inflation is through the roof, central banks are raising interest rates, and consumer sentiment in 2022 is lower than it has been for the past decade. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. I believe that my approach will give me an idea about whether Tesla is insanely overvalued or undervalued, but valuation is the final thing I look at - the quality of the business itself is far more important in the long run. (Must See), Skip Charts & View Estimated and Actual Earnings Data. All references to Brent indicate Intercontinental Exchange ("ICE") Brent. Once again, he was spot-on. Updates from the German gigafactory will provide investors with some insight as to how well this ambitious growth plan is going. Yet if this company can achieve automotive gross profit margins of at least 33%, I think it will be more evidence that Tesla is a company and a brand with demand that is truly in a league of its own. 2022 Vox Media, LLC. Update April 20th, 6:53PM ET: Added Elon Musks production prediction. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Provided by Dow Jones Dec 9, 2022 5:47 PM UTC MarketWatch Deutsche Bank says Federal Reserve's 2023 interest-rate forecast is likely to point to a peak level of 5.1% There is still a load of regulatory and testing hurdles that Tesla will need to clear before its technology is ready for a global, non-beta rollout, but it certainly feels as if were getting closer so, this is the final item that I will be keeping an eye on, mainly to see if theres any backpedalling on Musks previously stated goal of solving self-driving this year. "Free cash flow" (non-GAAP financial measure) is calculated as net operating income less G&A less exploration and development capital expenditures and is calculated prior to all debt service, taxes, lease payments, hedge costs, factoring, and lease payments. Finally, I would like to congratulate the entire PetroTal team on our recent milestone of ten million barrels produced in only four short years since first production.". All amounts herein are in United States dollars ("USD") unless otherwise stated. In its notes to investors, the company says it increased the average selling price of its cars and grew the number of cars it was delivering. The big reason AT&T's Q2 earnings sent the stock lower was that the company lowered its full-year free cash flow outlook. December 10, 2022 06:30 PM 27th IFFK | Sanal Kumar Sasidharan: My films have changed me, they are messages to myself, to purify myself December 10, 2022 06:25 PM With the ONP maintenance estimated to be completed in October 2022, and the pipeline operational again, the schedule to realize the derivative value has shifted primarily into 2023, which will further supplement the Company's expected cash reserves. Consumer sentiment is all over the map. Q2 . Next-Generation Fighter Jets?!? View which stocks are hot on social media with MarketBeat's trending stocks report. The transition from ICE vehicles to EVs is still in its very early innings, with Facts and Factors forecasting the Global Electric Vehicle Market to grow at a CAGR of 24.5% from 2022 to 2028, eventually reaching a size of $980B. In addition, the Company cautions that current global uncertainty with respect to the spread of the COVID-19 virus and its effect on the broader global economy may have a significant negative effect on the Company. Now, the operation is on pause until 2024, according to sources close to the company. Its revenue was up 55.9% on a year-over-year basis. All Rights Reserved. Europe. Without limitation of the foregoing, future dividend payments, if any, and the level thereof, is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow financial requirements for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company's control. I have also, as with every scenario, used an EV / EBIT multiple that I believe to be appropriate given Teslas future growth and margin expansion prospects from 2026 onwards. For Q3, BYD sold 538,704 NEVs, up 194% vs. a year earlier and surging 52% from Q2. As of October 10, 2022, ReNew has a gross total portfolio of ~ 13.4 GW of renewable energy projects across India, including commissioned and committed projects. More specifically, investors will want to examine Teslas overall production progress. Get the Latest News and Ratings for Your Stocks. Despite this being a record-breaking quarter in terms of deliveries, the miss of ~4% could be an early indication that Q3 revenues may come in below expectations. What: Tesla Second Quarter 2022 Financial Results Q&A Webcast When: Wednesday, July 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q2 2022 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the companys website following the call. Q2 2022 Earnings Call Transcript. 2022 InvestorPlace Media, LLC. Next Wednesday, the word of the day will be production. We want to hear from you. Lower operating costs. In September 2022, the company laid out plans for doubling EV sales from Giga Berlin by the end of the year. As 2022 progresses, the Company will look to layer in additional hedges for H1 2023 on up to 25% of total corporate production. Accordingly, investors should carefully watch the report; it will likely have implications for the entire sector. Tesla annual and quarterly earnings per share history from 2010 to 2022. Im sure there will be plenty of questions asked on the Q3 earnings call about demand, so it will be extremely interesting to hear whether or not Musk will have the same blas response, or if Tesla is once again immune to the worsening economic climate. These setbacks led to a dip in Q2 deliveries. The electric vehicle producer reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. After this hedge, the Company is approximately 25% hedged on corporate production volumes in Q3 and Q4 2022. How can I listen to Tesla's earnings conference call? Learn more on analysts' earnings estimate vs. TSLA's actual earnings. Bear or bull market, this highly successful trader has shocking new forecast. As at June 30, 2022 approximately 3.1 million barrels remained in the ONP backstopping the net derivative value with a much lower cost base from sales made in 2020 and 2021. Ongoing military actions between Russia and Ukraine have the potential to threaten the supply of oil and gas from the region. To recap, the four main things Ill be looking at are: production, demand, gross margins, and any updates on full self-driving. (1) Net debt/(surplus) defined as cash and restricted cash + VAT receivable (short and long term) + trade receivables + short term and long term derivative assets - AP - short and long term leases - short and long term debt - derivative obligation, Selected Financial and Operational Highlights. Please. On the production side of things, Tesla said it built a total of 305,407 vehicles during the past three months. On December 13, Louis Navellier, Eric Fry & Luke Lango will reveal the major events that could rock the markets in 2023. Tesla last announced its earnings results on October 19th, 2022. Protect your real estate portfolio without selling a single property. In order to understand what to watch in the upcoming quarter, its important to know why there was a dip in Q2 as CEO Elon Musk explained on the Q2 earnings call: Q2 was a unique quarter for Tesla due to a prolonged shutdown of our Shanghai factory. Homepage. In early 2020, PetroTal became the largest crude oil producer in Peru. Further, the ability of PetroTal to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness. Analysts expected another $2.5 billion in revenue and a loss in the ballpark of $2 per share. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. Put all that together, and I can see Tesla shares achieving a CAGR through to 2026 of (4%), 9%, and 36% in my respective bear, base, and bull case scenarios. Then, nobody believed Larry at the start of this year, either. Tesla's earnings are expected to grow from $3.61 per share to $4.91 per share in the next year, which is a 36.01% increase. Tesla is expected to publish its Q3 2022 earnings on October 19, reporting on a quarter that saw deliveries soar to record highs. Net profit declined 13.7% from the prior-year quarter in a 6.8% increase in revenue. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. See what's happening in the market right now with MarketBeat's real-time news feed. But in spite of all these challenges, it was one of the strongest quarters in our history. The stock was hit especially hard after Tesla announced Q3 deliveries that came in below analysts' estimates. Investor Relations Investor Relations Tesla Releases Third Quarter 2022 Financial Quarterly Disclosure Other Documents & Events Year Year Quarter Earnings Date Production & Delivery Shareholder Deck Webcast with Q&A SEC Filing; 2022 . Looking at the headline numbers, analysts are expecting revenues of $22.26B (representing YoY growth of around 65%) and EPS of $1.06. According to the Q2 earnings report, the Berlin factory produced 1,000 vehicles in one week, a significant milestone for Tesla. Bayovar Export Realized. The company produced 366k vehicles in Q322, a substantial ramp up from its production of 259k in Q222. Got a confidential news tip? Updated Corporate Presentation, investor webcast and AGM reminder. If Tesla can meet or surpass expectations in next weeks report, however, Wall Street may issue more positive takes. The company was sued by Californias civil rights agency after several employees came forward with reports of racial discrimination and harassment. 1. FOFI contained in this press release was approved by management as of the date of this press release and was included for the purpose of providing further information about PetroTal's anticipated future business operations. Link to PetroTal Q2 2022 webcasthttps://stream.brrmedia.co.uk/broadcast/62e8f64f04182f363ba99aa2. During July, the Company encountered barging delays that were compounded by the closure of the ONP, resulting in production constraints that lowered the average production to 5,700 bopd from July 7 until July 25. 2022 Vox Media, LLC. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. CEO Elon Musk has publicly lamented that the new factories are costing Tesla billions, but have not yet been able to make enough vehicles and batteries to justify their costs. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Teslas battery production may not receive as much attention as its EV operations, but that doesnt mean it isnt worth watching. Though we have experienced recent production constraints from short term sales bottlenecks, unconstrained production run rates are over 20,000 bopd which we successfully tested in our facilities. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders. The 13H was spud on August 24, 2022 and is estimated to be on production by late October. Amid supply chain constraints and production delays in China, Tesla reported that it earned a $3.3 billion profit in the first quarter of 2022. The company logged $679 million in emission credit sales to other automakers, compared to $314 million in credit sales in Q4 2021. As such, I am looking at Q3'22 gross margins to back up claims that demand isnt an issue. Record net operating income. The company also mentioned itll produce its structural battery packs with 4680 cells in Texas later this year, alongside the standard packs with 2170 cells. Tesla CEO Elon Musk has said that the company hopes to start delivering the Cybertruck, its battery-powered electric pickup, in the middle of next year during a call for investors. PetroTal delivered solid Q2 2022 financial and operational performance highlighted by record production rates, record cash flow, and a robust balance sheet profile with a substantial net cash position. The company was able to avoid the same kinds of headaches as other global automakers bysourcing different chips and rewriting software on the fly. PetroTal utilizes adjusted EBITDA as a measure of operational performance and cash flow generating capability. Tesla will report second-quarter earnings after the markets close on Wednesday. That represents an 81 percent increase year over year, compared to $10.4 billion in revenue in Q1 2021. Post this Bayovar export, the amount of oil remaining in the ONP dropped from 3.1 million barrels to approximately 2.4 million barrels. The Company estimated 2022 average production to be between 15,000 bopd and 16,000 bopd and the latest production forecast confirms the lower end of this range. Tesla has generated $3.24 earnings per share over the last year ($3.24 diluted earnings per share) and currently has a price-to-earnings ratio of 55.3. Yahoo! Netback per barrel ("bbl") and funds flow provided by operations do not have standardized meaning prescribed by GAAP and therefore may not be comparable with the calculation of similar measures for other entities. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. ET. Press Release 07 December 2022 Siemens increases and My bull case scenario assumes that the growth story at Tesla powers on, with the company achieving a revenue CAGR of 46% over the period; this is not far off Teslas regular guidance of 50% average annual growth in vehicle deliveries, with the company able to potentially extract further revenue growth through software, insurance, batteries, and who knows maybe even autonomous driving. The outlook for PetroTal's low sulfur oil remains incredibly robust with recent strong export demand realized. The Company has secured approximately 420,000 barrels of export barging capacity for August 2022 plus 60,000 barrels for the Iquitos Refinery which has allowed production to increase to 19,000 bopd since August 22, 2022. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Companys financial and business results and outlook. Achieved record quarterly production of 14,467 barrels of oil per day ("bopd") and quarterly sales of 14,616 bopd, up 25% and down 5%, respectively, from Q1 2022, representing the Company's seventh straight quarter of production growth, with unencumbered sales for the majority of the quarter; Completed well 11H on June 30, 2022, which produced over 300,000 barrels of oil over its first 30 full days on production, has paid out its capital investment, and averaged over 9,000 bopd from August 1 to 22, 2022; Achieved a new daily Company production record of 25,218 bopd on July 1, 2022 with production briefly reaching 26,000 bopd, representing the maximum capacity at the newly expanded Central Processing Facility ("CPF-2"); Sold approximately 86% of sales through the Brazilian route with the remaining 14% sold to the Iquitos Refinery while the Northern Peruvian Oil Pipeline ("ONP") was offline, successfully redirecting 456,000 barrels from the ONP to the Brazilian market; Significantly reduced transportation costs through significantly reduced diluent blending requirements to Brazil, contributing to record low transportation costs of $3.4 million ($2.54/bbl); Generated record net operating income ("NOI") and EBITDA(a) of $98.6 million and $93.4 million, respectively, both up three and a half fold from Q2 2021 levels and almost double from Q1 2022; Generated record free cash flow(a) of $69.4 million before changes in non-cash working capital and debt service, accumulating over $100 million, for the six months ended June 30, 2022; Invested approximately $24.0 million in capital expenditures ("Capex"), lower than revised guidance by $5 million, due to drilling delays from the March 2022 social protests. How much revenue does Tesla generate each year? Here are 4 things that investors should be watching when Tesla reports Q3 earnings on 19th October. OIL REFERENCES: All references to "oil" or "crude oil" production, revenue or sales in this press release mean "heavy crude oil" as defined in NI 51-101. Download. (FactSet noted that some analysts' projections were excluded from the StreetAccount consensus if they did not take into account the Shanghai factory shutdown.). My bear case scenario is essentially the opposite, assuming that Tesla gets hit hard by a recession and its growth does not end up living up to expectations. Most importantly, in June, we achieved production records in both Fremont and Shanghai. In the first quarter of 2022, Tesla delivered 310,048 vehicles. The strength of Teslas battery production is important for reasons spanning beyond the company. TSLA stock also fell earlier in October after the company failed to meet production and delivery expectations. It might be an issue for some other companies but it is not an issue for us. will begin deliveries by the end of 2022. Samuel OBrient has been covering financial markets and analyzing economic policy for three-plus years. The gross margin in Q3 should help investors understand whether or not the demand for Tesla vehicles is as powerful as Musk claims it is. The lockdowns in Shanghai hit Teslas production hard in Q222, but the latest figures show that production has come back with a bang and this will be in no small part due to the Shanghai factory. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"), and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2022, which are available on SEDAR at www.sedar.com and on the Company's website at www.PetroTalCorp.com. If we take a look back at Teslas Q2 earnings, which also occurred in a tough economic environment, the company actually did pretty well beating on most of the key metrics, even if there was a small miss on automotive. During the call, Musk didnt elaborate on what Tesla had left to do to get the Cybertruck out on the road. The disruptions to Teslas Shanghai factory in Q2'22 led to a sudden drop off in automotive gross margins, falling from 32.9% in Q1'22 to 27.9% in Q2'22. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Read Transcript. but to help you search, pick and predict stocks 1 - 3 days ahead with up to 87.4% proven accuracy. Total free cash flow for the six months ended June 30, 2022 has surpassed $100 million, significantly boosting the Company's liquidity profile. Record Q2 and YTD 2022 free cash flow. It has been at the forefront of this industry since its inception almost 20 years ago, but it is in the last five years where Tesla has truly transformed itself from a challenger into an industry behemoth. Africa. (Ad), There Is Fundamental Value In Broadcom, And It Yields 3.35%, Costco vs Amazon: an end of the year showdown, Discount Retailers Could Make Good Bargain Stocks. As a result, the amount of data obtained by Tesla has risen exponentially, and this perhaps explains Musks confidence. Barrington Adjusts Price Target on Hackett to $23 From $21 After Q2 Ea.. MT. However, Langan isnt the only expert raising concerns about increased living costs and the potentially negative impact on expensive EV demand. Nasdaq In Tesla's first-quarter shareholder deck, the company said, "We plan to grow our manufacturing capacity as quickly as possible. To see all exchange delays and terms of use please see Barchart's disclaimer. Are Investors Hearing The End Of Spotify's Downtrend? Most eyes will likely be on Tesla (NASDAQ:TSLA), however. The base case scenario assumes that Teslas revenues will fall in line with analysts $85.26B revenues, as per Seeking Alpha, with EBIT margins increasing at it continues to scale up production whilst also benefiting from its pricing power. quotes delayed at least 15 minutes, all others at least 20 minutes. Since then, Wall Street has been waiting for Teslas earnings to see if the company can meet expectations on the broader scale. Investors Relations Contact: ir@tesla.com What: Date of Tesla Q2 2022 Financial Results and Q&A Webcast When: Wednesday, July 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time The reiterated guidance is highly dependent on certain sales route availability assumptions, ONP maintenance completion schedules, and Petroperu's unencumbered access to credit, which if different from current estimates could materially alter the reiterated guidance. Listen to Conference Call, The conference call transcript for Tesla's latest earnings report can be read online. I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. Q3 2022 Earnings Call Nov 09, 2022, 5:00 p Tesla and Amazon as the world's most innovative companies across technology, transportation and consumer goods. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Videos have leaked out of the truck driving on test tracks, and earlier this year, someone posted a video showing a walk-around of a prototype unit. The forward-looking statements are based on certain key expectations and assumptions made by the Company, including, but not limited to, expectations and assumptions concerning the ability of existing infrastructure to deliver production and the anticipated capital expenditures associated therewith, the ability of the Ministry of Energy to effectively achieve its objectives in respect of reducing social conflict and collaborating towards continued investment in the energy sector, reservoir characteristics, recovery factor, exploration upside, prevailing commodity prices and the actual prices received for PetroTal's products, including pursuant to hedging arrangements, the availability and performance of drilling rigs, facilities, pipelines, other oilfield services and skilled labor, royalty regimes and exchange rates, impact of inflation on costs, the application of regulatory and licensing requirements, the accuracy of PetroTal's geological interpretation of its drilling and land opportunities, current legislation, receipt of required regulatory approval, the success of future drilling and development activities, the performance of new wells, the Company's growth strategy, general economic conditions and availability of required equipment and services. and Teslas current market capitalisation and seeing a disconnect. Teslas legal drama continued to mount this quarter. Advanced search TESLA, INC. Indexes. Notes to Press Release(a) See "Specified Financial Measures". Tesla is the world's leading electric vehicle manufacturer, with a mission "to accelerate the world's transition to sustainable energy". FOFI DISCLOSURE: This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about PetroTal's revised budget and guidance, prospective results of operations, production and production capacity, free cash flow, revenue, adjusted EBITDA, debt repayment, liquidity, shareholder returns and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. ET. The company had revenue of $21.45 billion for the quarter, compared to analysts' expectations of $21.96 billion. And, of course, theres Elon Musks surprise offer to buy Twitter for $48 billion. One Black former Tesla employeewas awarded $137 million in damagesafter he reported a hostile work environment where he heard daily racist epithets. (A judge later reduced the award to $15 million, calling the jurys decision excessive.). All Rights Reserved, By submitting your email, you agree to our. The cost of materials for these cars should not really be any higher in Q3 than in any of the prior quarters (inflation and shortages have been around for a while now), and with production ramping up again, its the selling price of Teslas vehicles that will drive this gross margin. The company opened two new factories one in Berlin on March 22nd and the second in Austin, Texas, on April 8th while also being forced to shutter its Shanghai factory for several weeks amid rising COVID numbers. Tesla (NASDAQ:TSLA) has a recorded annual revenue of $53.82 billion. The company says it started production in Berlin last month, and that it started Model Y deliveries from Texas in April. Q&A. But we have so much excess demand. He is ranked in the top 15% of stock pickers on TipRanks. Due to well servicing and a conductor pipe placement for a future well, the Company's revised drilling plan now schedules drilling the 13H well to be followed by the 12H well. In other words, the truck hasnt been entirely MIA, in sharp contrast to the second-gen Roadster thats also supposed to ship in 2023. Find the latest Tesla, Inc. (TSLA) stock quote, history, news and other vital information to help you with your stock trading and investing. Tesla Q2'22 Earnings Presentation. Source: TradingView. Whilst the market may currently be digesting the impact of Teslas lower-than-expected delivery numbers, Im certainly not put off at least not yet, because if management is to be believed, then this reduction in delivery numbers is not demand driven. Finance reports that, although more drivers now say they plan on purchasing an EV, that switch has been postponed further into the future as thecost of living crisis bites. Tesla is largely considered the leader of the EV sector and its sales figures do much to indicate the robustness of overall EV demand. Tesla navigated the global supply chain crisis better than its rivals, posting record deliveries and profits for several quarters. Net operating income and Netback represent revenues less royalties, operating expenses, and direct transportation.2. Quite frankly, there are a whole host of ways in which Tesla could continue to transform the automotive industry (and beyond), and the impressive execution of this business over the past few years should be applauded. 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