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Tesla (TSLA) Crushes Q4 2019 Earnings with $2.14 EPS, $7.3B Revenue

by Claribelle Deveza January 29, 2020

Tesla-Q4-2019-Earnings-call

Tesla (NASDAQ:TSLA) reported an EPS of US$2.14 and US$7.3 billion of revenue for Q4 2019, surpassing Wall Street's estimates.

After TSLA trading officially closed on January 29, Tesla released its Shareholder Letter before its Q4 2019 Earnings call.

According to Tesla's Shareholder Letter, the EV automaker reported a total of US$7.3 billion in revenue for the last quarter of 2019. The EV maker also said that it expects positive free cash flow moving forward with some exceptions, including launches and ramp of new products. 

Before the release of the Shareholder Letter, Morgan Stanley predicted Tesla would surpass estimates and report a revenue of US$7.31 billion. Based on the general forecast of analysts, Capital IQ predicted Tesla would report a revenue of US$7.05 billion. 

Tesla's Shareholder Letter also revealed an adjusted EPS of US$2.14 for Tesla shareholders.

In contrast, Morgan Stanley predicted that Tesla would announce an EPS of US$0.88 on a GAAP basis. Meanwhile, Capital IQ predicted an EPS of US$0.84, based on the common consensus of analysts' forecasts.

Highlights

  1. Model Y - In the Shareholder Letter, Tesla also stated that it will "comfortably" exceed 500k units in 2020. Production of the Model Y in Fremont is ahead of schedule, confirming the community's forecast thus far. Tesla managed to increase the Model Y all-wheel drive's EPA range to 315 miles from 280 miles.
  2. Giga Shanghai - Due to strong demand in China, Tesla will increase it's Model 3 capacity with existing facilities. Meanwhile, production for the Model Y will start by 2021 in Gigafactory 3. The company expects Model Y capacity to be equivalent to the Model 3 in China.
  3. Tesla Energy - As for Tesla Energy, the company reported energy storage deployment reached 530MWH in Q4. 

Tesla's full Shareholder Letter could be accessed here

Featured Image Credit: Tesla

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