Tesla (NASDAQ:TSLA) reported an EPS of US$1.24 and a US$5.9 billion revenue for Q1 202020, surpassing Wall Street's estimates by a little bit. After TSLA trading officially closed on April 29, Tesla released its Shareholder Letter before its Q1 2020 Earnings call.
Tesla's full Shareholder Letter:
Before TSLA's first-quarter Earnings Call for this year, Wall Street estimated that the EV automaker would report a US$5.8 billion revenue with a per-share loss of 18 cents. The Street also thought Tesla would report an operating loss of -US$135 million. As for Tesla's 500,000+ delivery guidance for 2020, Wall Street analyst Dan Ives said it was "a virtual impossibility."
Gali Russell from HyperChange shared similar estimates. He believed Tesla would make US$5.7 billion in revenue with an operating loss of -US$270 million. Russell remained positive about Tesla's guidance but admitted it would be difficult to reach if Fremont factory reopened in June.
Russell reminded the public that his estimates, as well as Wall Street's, were not set in stone. Neither Russell nor Wall Street analysts could 100% predict the information Tesla had revealed during its latest Earnings Call. The cautious TSLA bull also noted that for long term investors, a single quarter's results were not as significant as the company's far-reaching projections.
As of this writing, a few analysts are confident that Tesla will survive--and maybe even thrive--after this pandemic. ARK Invest strongly believes that Tesla has the necessary components to live through this global crisis. Gene Munster from Loup Ventures also seemed confident about TSLA's future. He named Tesla as one of the "winners" of Q1 2020.
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Ma. Claribelle Deveza holds zero share of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.