Tesla TSLA Announces Stellar Q1 2021 Earnings Results, $0.93 EPS Beats $0.79 Estimate

Tesla Inc. (NASDAQ: TSLA), the California EV maker reported Adj EPS (non-GAAP) of US $0.93 per share, and record total revenues of US $10,389 billion for Q4 2020, exceeding Wall Street's average estimate ($0.79). After Tesla trading officially closed on April 26, 2021, the company released its Shareholder Letter before its Q1 2021 Earnings Call, which will be hosted today at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time).

Cash

• Operating cash flow less capex (free cash flow) of $293M in Q1
• Debt and finance lease reduction of $1.2B in Q1
• Net cash outflow of $1.2B related to Bitcoin in Q1
• In total, $2.2B decrease in our cash and cash equivalents in Q1 to $17.1B

Profitability

• $594M GAAP operating income; 5.7% operating margin in Q1
• $438M GAAP net income; $1.1B non-GAAP net income (ex-SBC1) in Q1
• SBC expense of $614M in Q1

Operations

• Model 3 was the best-selling premium sedan in the world
• Production ramp of Model Y in Shanghai progressing well
• Record vehicle production and deliveries in Q1 

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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares 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.