Here’s what Tesla reported, versus what analysts expected based on
average estimates compiled by Refinitiv:
Loss per share on an adjusted basis: $1.12 vs. 40 cents expected
Revenue: $6.35 billion versus $6.41 billion expected
That compares with an adjusted loss of $3.06 per share on $4 billion in
revenue during the same period last year.
Although the electric car company fell short of analysts’ expectations,
it reaffirmed full-year delivery guidance, saying it still expects to
sell 360,000 to 400,000 vehicles this year, mostly Model 3s.
Tesla delivered around 158,200 of its cars to customers in the first
six months of 2019. It has to deliver more than 200,000 in the back half
of the year to hit the low-end of its guidance. The company says it has
a weekly run-rate of 7,000 Model 3 vehicles, and aims to be able to
produce 10,000 Model 3s weekly by the end of 2019.
To make high-volume sales of the Model 3 possible, Tesla said in its second-quarter letter, it plans to improve
production at its existing factories including its battery plant outside
of Reno, Nevada and a car assembly in Fremont, California.
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Latest Tesla earnings release is
‘extremely demoralizing’ for the company, analyst says
Tesla is aiming for a start of production of the Model 3 in China by
the end of the year, which will allow it to benefit from lower costs to
deliver to customers there, while reaping the rewards of local
regulatory credits.
The company recently achieved a record in terms of vehicle production and deliveries, selling 95,200 vehicles
during the second quarter and producing 87,048 cars during that period,
it said earlier this month.
That led to automotive revenue for Tesla of $5.38 billion during the
second quarter, with $111.2 million from regulatory credits of every
type.
The company blamed a decline in the average sales price of its vehicles
during the second quarter on the roll out of its Model 3 Standard Range
Plus, and sales of inventory Model S and Model X vehicles that lacked an
upgraded powertrain, which gives the cars the ability to drive further
on a single charge.
However, Tesla reported that the average sale price of its Model 3s in
North America remained at $50,000, the same level as in late April, when
the company delivered its first-quarter results.
While sales of Tesla’s energy storage products — the Powerwall and
Powerpack — increased during the second quarter, sales of its solar
energy products declined. Tesla combines these into a single line item,
and said they generated $368.2 million in revenue from energy generation
and storage products in the second quarter, a 2% decline over the same
period last year.
Tesla cars are delivered to
a showroom in Brooklyn on April 25, 2019 in New York City.
Spencer Platt | Getty Images
Tesla’s Powerwalls are now installed at more than 50,000 sites, the
company revealed. These are its home energy storage batteries, meant to
drive the adoption of renewable energy at home.
The company is trying to do more with less, revising its capex guidance
down to $1.5 billion to $2 billion. It previously expected 2019 capital
expenditures to reach $2 billion to $2.5 billion. That money goes toward
development of the company’s “main projects,” including the completion of
its Gigafactory in Shanghai, Model Y SUV and Tesla Semi, as well as
expansion of Tesla’s Supercharger and service networks.
THE HARD, COURT-READY, FACTS SPEAK FOR
THEMSELVES
WHY ARE FEDERAL LAW ENFORCEMENT AND
REGULATORY AGENCIES COVERING UP THESE CRIMES?
BECAUSE MUSK AND HIS COHORTS ARE
THE BIGGEST POLITICAL CAMPAIGN FINANCIERS IN AMERICA
THESE
ARE THE FACTS THAT CALIFORNIA SENATORS, WHO OWN STOCK IN TESLA, WANT
COVERED UP:
WHY DOES EVERY FAMOUS PERSON THAT GETS HIRED BY TESLA END UP
QUITTING? Because Tesla tells these people a load of BS to get them to
sign on. Then, when they see what is really going on at Tesla, they
run for the hills. The crime, corruption fraud and cronyism at Tesla
is self-evident once you are inside the Tesla cesspool. They find out,
later, things like:
"His corrupt cobalt mines promote genocide in the Congo as seen
in NETFLIX Black Earth Rising"
"His corrupt cobalt mines promote mass rape in the Congo as seen
in NETFLIX Black Earth Rising"
"His corrupt cobalt mines promote child slave labor in the Congo
as seen in NETFLIX Black Earth Rising"
"His is not faithful to his girlfriends"
He hung out with Pablo Escobar and is now getting sued by Pablo's
brother for stealing stuff
His SpaceX staff built the online drug crime network called: Silk
Road
He took his young "wife" to hang out with Sex Criminal Jeffrey
Epstein
He hires Gizmodo, Gawker and Jalopnik to put hit-jobs on people
"The workers that build his batteries die or sicken from toxic
poisoning"
99% of every web comment, blog item or news story about Tesla or
Elon Musk is bought and paid for by Elon Musk in order to hype up
Elon Musk's self-image as a 'socialist tech god' "
"Tesla bribes U.S. Senators with cash and stock in order to get
free taxpayer funds"
"He is addicted to drugs and booze"
"He has sociopath mental issues"
Obama ordered The Department of Energy to finance Tesla
"He is a narcissist"
Elon Musk and his friends bribed Secretary of Energy Steven Chu
Google and Tesla rig stock market transactions
Google and Tesla broke a large number of SEC, FEC, RICO and
Anti-trust laws together
"His partner: Steve Jurvetson, has been charged with sex and
corruption issues"
"He arranged government kick-backs with the White House"
"He is the world's biggest government mooch"
"He is a member of the Palo Alto Mafia"
"Larry Page is Musk's bromance buddy and he uses Google to
cover-up Musk's scandals"
"His so-called 'foundation" is just a payola and tax evasion
scam for his family"
"His batteries are the most dangerous use of lithium ion storage
ever conceived"
"His partner: Panasonic has been charged with multiple
corruption, dumping, price rigging and manipulation crimes around
the globe"
"Almost all of the internet 'Tesla Fanboys' are Russian troll
farms and hired bloggers that Musk pays vast amounts of money to in
order to hype up a fake image for him. Musk is 100% bull-shit"
"His SpaceX is nothing more than a domestic spy satellite
company"
"Musk's brain chip company tortures small animals in bad science
experiments"
"His father screwed his daughter and got her pregnant"
"Dianne Feinstein and her family own Musk interests"
"You can't put out the fires when his batteries explode"
"The fumes from his thermal battery vapors give you cancer, lung
and brain damage"
EVERYTHING ON THIS WEBSITE IS FROM EXPERT KNOWLEDGE, EMPLOYEE
TESTIMONY AND SENIOR STAFF FROM TESLA. ALL OF THIS WILL STAND UP IN
COURT; AND IN A GRAND JURY; AND IN FRONT OF CONGRESS IN A LIVE PUBLIC
HEARING.
THESE REVELATIONS ARE BACKED UP BY SWORN STATEMENTS TO THE FBI,
SEC, GAO, SEC, FEC, OSC, INSPECTOR GENERAL AND CONGRESSIONAL
COMMITTEES, AS WELL AS TESTIMONY FROM DEEP JOURNALISTIC
INVESTIGATIONS.
The CleanTech Crash:
Every single Dept of Energy executive, and related Senator, owns stock
market assets in Tesla, Fisker, Solyndra, Ener1, etc. so they blockaded
and sabotaged every applicant who competed with their holdings in a
RICO-violating, felony organized crime, using taxpayer funds. Elon Musk,
Steve Jurvetson, Tim Draper, Steve Spinner, Steve Westly, et
al...organized the attacks and lobbying. Demand a Congressional Special
Counsel investigation!
Any news outlet or news network that hides, or refuses to publish, these
articles is revealing itself to be a Fake News Shill
Propaganda Operation working as an information
manipulation operation for the #PaloAltoMafia and Elon Musk's Deep State
political corruption program! Contact each article author to debate any
points in their article. Almost every article has a by-line.
Google, Elon Musk's political and financial partner (Google Leaked),
is the world's largest mass public information manipulation and mass
voter behavior modification service and will not allow this site to be
equally visible on the internet in order to protect their stock market
and political investments.
We have demanded FBI, SEC, FTC, FEC, NHTSB and Congressional
investigations and those have now begun!
Together, we all got Elon Musk fired as CEO, now we need to have him
arrested for RICO crimes, bribery, tax evasion, stock market
manipulation, fraud, safety-lies, tort-based interference, anti-trust
violations, illicit revolving door payola and more...!
THE STUPID, UNSAFE, DEADLY ENGINEERING OF ELON MUSK'S PANASONIC LITHIUM
ION BATTERY PACK IS THE MOST DANGEROUS USE OF LITHIUM BATTERIES EVER
DEVISED!!! MUSK DID IT BECAUSE OF HIS CRONY PAYOLA SCHEME WITH PANASONIC
TO DUMP THESE KINDS OF BATTERIES ON THE MARKET. THESE BATTERIES WERE
NEVER MADE FOR CARS AND MUSK'S LOBBYISTS KEEP BRIBING THE NHTSB
TO HOLD OFF ON OUTLAWING THEM! TESLA MOTORS CARS ARE A SEVERE DANGER TO
THE PUBLIC DUE TO MANY, MANY, SAFETY DEFECTS IN HIS ENGINEERING!
"CORRUPTION" is when an elected officially takes your tax
money and puts that money in their pockets and the pockets of their
financiers while using government resources to sabotage competitors. Help
make sure those people are exposed, doxed and arrested! We do!
HERE IS THE PROOF OF THE CORRUPTION, CRIME AND ANTI-TRUST VIOLATING
ACTS OF MUSK, TESLA AND THEIR CARTEL FROM OVER 1000 WHISTLE-BLOWER
INSIDERS AND EXPERT INVESTIGATIVE SOURCES
