7/1/2023 0 Comments Tesla yahoo finance![]() ![]() Before this Ford deal, I would have said the CCS universal standard will probably be the main one. PRAS SUBRAMANIAN: Yeah, I mean, this is sort of- a Bloomberg writer said, this is like a Betamax versus VHS situation, where there's two competing standards. There's two very different ways to charge EVs, which you would think could potentially limit adoption at some point. Because there has been this massive push, obviously, for a universal charging experience, yet you still have two big players. SEANA SMITH: Well, what do you think happens to that? Because I think that's a big question that everyone's asking right now. ![]() But the big question is, what happens to the universal CCS standard that you see right there that GM and other people use. Maybe $1 to $3 billion in revenue down the line when this is kind of up and coming up and going and other manufactures may hop in on there. ![]() It unlocks some incremental revenue for them. So I see why they did it.įor Tesla itself, also a good move. They're always working, and they have plenty of actually chargers. GM, sorry, Ford CEO Jim Farley said this is a good move, because they think their customers are complaining about reliability and ease of use, and the Tesla network has those kind of situations solved. So a big deal in the sense that these two rivals joined forces together. All new Ford EVs will have the Tesla NACS or North American Charging Standard plug natively built into that car, meaning that car will be able to go to any supercharger without an adapter and start using those natively right away. Starting next year, they'll be able to use Ford EVs using the Tesla supercharger network, which is 12,000 superchargers in the US.Īnd then in 2025, even bigger news. Ford joining forces with, essentially, is its rival, Tesla there. People were surprised by the actual move itself. PRAS SUBRAMANIAN: mean, this deal was announced ahead of the holiday weekend. Now, the recent deal putting two of the biggest US auto companies on Tesla's charging network, and Pras, this really raises the question just about the future of EV charging and what could potentially maybe be the standard, if it's going to be Tesla superchargers. Ford's EV customers will be able to use thousands of Tesla superchargers starting next spring. In late May, Ford jolted the EV charging space after its game-changing agreement with its rival, Tesla. Closing out the quarterly view, Tesla’s automotive incomes were just over 90% of its total top line.SEANA SMITH: Well, shifting gears now to the world of electric vehicles. Other numbers of note include that Tesla’s free cash flow was $2.78 billion in the quarter, another record in the periods of data shared, and the company’s total cash and equivalents crested the $17 billion mark. Instead, it ticked up to what is at least a five-quarter high at 30.6%, up from 24.1% in the year-ago period. In the fourth quarter of 2021, Tesla reported its second-smallest regulatory credit haul in the last five quarters.Įven better for the car company, Tesla’s automotive gross margin did not fall as its revenues from the category grew. The company’s nearly $16.0 billion in total car revenue bested both the preceding quarter’s tally of $12.06 billion and its year-ago comp of $9.31 billion.įor those of you versed in Tesla results, you’ll be curious what portion of the quarter’s revenues came from regulatory credits, which critics of the company have cited here and there as indication that its numbers were slightly puffed-up. Inside the quarterįourth-quarter automotive results at Tesla appear strong. Shares of the company are mixed in after-hours trading, initially falling a few points but rising by the time this story was written. In basic terms, Tesla outperformed on revenue and profit estimates. On an adjusted basis, the company earned $2.54 per share.Īnalysts had expected the company to report $16.35 billion in total revenue and $2.26 in adjusted per-share profit in the fourth quarter of 2021. From that total, Tesla’s Q4 saw net income of $2.32 billion and earnings per share of $2.05. In the final three months of 2021, Tesla generated $17.72 billion in revenue, $16.0 billion of which came from its vehicle business. electric vehicle company Tesla reported its fourth-quarter and calendar-year 2021 results this afternoon. ![]()
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