Tesla revealed its trade-in statistics in the Q1 2021 Earnings Call Update Letter, showing that a majority of the vehicles it accepts through trade-in are gas-powered. In the Update Letter that was released a few minutes after Wall Street closed up shop for the Monday trading session, Tesla revealed it had successfully accomplished another profitable…
Tesla’s efforts to bring its 4680 battery cells to its upcoming products received a nod of approval from Mizuho Securities analyst Vijay Rakesh, who recently reiterated a “Buy” rating for the EV maker and an $820 per share price target. According to the analyst, the progress of Tesla’s 4680 battery program could very well be…
Elon Musk announced that Tesla started production of what he has now called “Powerwall 2 Plus” back in November of last year. Leave it to Tesla to launch a new product and not tell anyone about it for six months. The Powerwall 2 was introduced back in 2016, and it hasn’t been updated much since its…
Tesla is confident that it will be able to begin Model S Plaid production in the second quarter and Model X Plaid production in the third quarter, despite some difficulties in the first quarter. Model S Plaid deliveries are expected to begin next month, with Model X Plaid deliveries expected in Q3. In the coming…
Tesla revealed that it was on track to more than double its battery supply capacity in 2022. The revelation hints at Tesla’s projected vehicle production and sales goals for this year and the next. “We do expect from suppliers willing to receive double the cell output next year versus this year,” noted Elon Musk, responding…
Tesla’s record first quarter in 2021 was powered by several things, but it all came down to the numbers, as usual. The automaker, coming off of its best quarter in terms of deliveries and production figures, was able to mark down significant gains in automotive gross margin while decreasing costs of production. This ultimately led to the…
Update: Tesla CFO Zachary Kirkhorn says that Tesla trimmed its Bitcoin position by 10% during the Q1 Earnings Call. Tesla announced that it sold some of its Bitcoin investment during Q1 2021, and it profited $272 million from the sale. In early February, Tesla released a 10-K filing with the Securities and Exchange Commission (SEC), where it…
Tesla says that deliveries of its all-electric Semi will begin this year. The news that Tesla delivered in its Q1 2021 Update Letter seems to hint that the battery constraint issues that put the Semi’s initial delivery dates into question could be coming to an end once-and-for-all. Earlier today, Tesla released its Q1 2021 Shareholder Deck, an Update…
Tesla’s (NASDAQ:TSLA) first-quarter for 2021 saw the electric car maker post $10.389 billion in revenue. The results, which were discussed in an Update Letter, were released after the closing bell on Monday, April 26, 2021. Tesla’s first quarter was impressive, with the electric car maker producing a total of 180,338 vehicles, an astounding number considering that Q1…
Tesla’s (NASDAQ: TSLA) delivery guidance is increasing and bulls are becoming more convinced of a record 2021 following impressive Q1 2021 delivery and production figures. As the Q1 2021 Earnings Call is set to take off in just a few hours, bulls like Dan Ives of Wedbush, are putting in their last predictions for the call…