To be honest, before Tesla’s Q2 delivery volume has not been announced, no one dares to determine what Tesla’s Q2 financial report will look like.
Due to the impact of the epidemic, the shutdown of factories has greatly hindered suppliers, transportation, and vehicle production, so that the global auto market sales have fallen by more than 30%. For Tesla, although the Shanghai factory resumed production as quickly as possible, the Fremont factory in California did not gradually return to normal until mid-May.
However, when Tesla announced the Q2 delivery volume in early July (90891 vehicles), it delivered a satisfactory Q2 financial report. It’s a certainty.
(Tesla quarterly delivery quantity, chart/Hyperchart)
This is why Tesla’s stock price has soared all the way, reaching a peak of approximately US$1,700. The company’s market value is close to US$30 billion, exceeding the combined market value of Toyota and Volkswagen.
Previously, investment institutions and Wall Street analysts gave Tesla the highest Q2 earnings forecast: EPS(Earning Per Share, earnings per share) Is $0.03, and total revenue is $5.37 billion.
However, Musk once again used facts to smash “some people’s pessimism”. After the Q2 financial report was announced, the stock price rose by 4% after the market.
Tesla Q2 Earnings Report
At 5 AM on July 23(4 PM on July 22, North America time), Tesla announced the 2020 Q2 earnings report , EPS is US$2.18(non-GAAP), US$0.5(GAAP) , with total revenue of US$6.036 billion, far exceeding the highest estimate on Wall Street.
Tesla again achieved profitability in Q2 quarter, net profit of 104 million US dollars(GAAP) span>, 451 million US dollars (non-GAAP), up 550% quarter-on-quarter, 99%, net Q2 in 2019 The loss was US$408 million(GAAP), US$198 million(non-GAAP ). Earning profits for four consecutive quarters means that Tesla will have a chance to enter the S&P 500. Once it enters the S&P 500, the influx of a large amount of capital will further increase the stock price.