The “extra-expected financial report” is really eye-catching, but this light is fleeting. Market sentiment is mutually conductive, and new energy vehicles are still struggling.
Editor’s note: This article is from WeChat public account “deeply” (ID: deep -echo), author Aachen Cai Baowang.
“Tesla shoots higher after posting an unexpected profit inQ3” – Tesla today announced its third quarter earnings for the 2019 fiscal year. Whether it is domestic or foreign, everyone used the same word to describe the performance of this financial report – unexpected, more than expected.
The other core keyword is “turning losses into profit”. After the earnings report, Tesla shares rose 20%.
But this is not a day worthy of the investor’s celebration. Looking at the earnings report, you will find that Tesla’s third-quarter revenue was $6.303 billion, a decrease of 8% compared to $6.824 billion in the same period last year; net profit was $150 million, down from $254 million in the same period last year; Net profit attributable to ordinary shareholders was $143 million, a 54% decrease from the net profit attributable to ordinary shareholders of $311 million in the same period last year.
Tesla’s operating income fell into the first year of history. One of the reasons for the so-called “better than expected” financial report is that Wall Street has disappointed Tesla after watching a particularly bad previous earnings report (Q2), lowering its expectations for Tesla.
The cloud is still shrouded in Tesla and its new energy vehicle industry.
Price performance since Tesla’s listing
Tesla Q3 earnings report details
The financial report shows that Tesla’s revenue in the third quarter was US$6.3 billion, down 7.6% year-on-year compared with US$6.82 billion in the same period last year. This was mainly due to the significant year-on-year decline in vehicle sales revenue. In terms of vehicle sales, Tesla achieved total vehicle sales revenue of 5.13 billion yuan in the quarter, down 12.7% from the third quarter of 18 years. It is worth noting that Tesla showed its first year-on-year decline in both total operating income and vehicle sales revenue.
Besides the poor performance of the whole vehicle sales business, it was once placedDifficult to work.