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Tesla reported for the 4th quarter and the whole of 2017

Tesla отчиталась за 4-й квартал и весь 2017 год

The results of the 4th quarter, Tesla is not much different from analyst expectations. Revenues amounted to $3,29 billion.

The loss of the fourth quarter was $3.04 per share. Analysts had expected a loss of $3.12 per share. Revenue was $3.29 billion against analyst expectations of $3.3 billion.

A brief summary of the report for 4th quarter and full year:

  • Record deliveries of Model S and Model X in the 4th quarter of 2017
  • Cash reserves at the beginning of the 1st quarter 2018 amounted to $3.37 billion
  • The revenue in 2017 amounted to $11.76 billion, 55% more than the year before
  • It is expected that revenue growth in 2018 will significantly exceed the growth 2017
  • Tesla aims to manufacture 5000 Model 3 a week to the end of the second quarter

Revenue:

Revenue consists of $2.4 billion received from the sale of cars, which is by 38.5% more than in the 4th quarter of 2016, and from the sale of generation system and energy storage, which amounted to $298 million, compared with $131 million in the 4th quarter of the previous year. Total revenue increased by 67% compared with the year 2016.

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Revenue from car sales increased by 16% compared to the 3rd quarter of 2017, and revenues from the sale of Solar solutions Tesla fell by 6%.

In the 4th quarter, the company delivered the systems generating 78 MW, and energy storage system on 143 MW*h.

Tesla said that now 54% of solar installations (solar panels and solar shingles) for the private sector are sold and not taken on lease, compared to 25% in the 4th quarter of 2016.

Model 3

Set 1542 Tesla Model 3 in the 4th quarter of 2017.

“We can confidently say that we do to systematically solve the problems associated with the production of Model 3, and to increase productivity in areas where we have experienced the most problems — for example in the production of battery modules. These actions should significantly increase the speed of production in the 1st and 2nd quarters of 2018” — said Tesla in its letter.

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Only in the 4th quarter, Tesla set cars 29 967 28 425 Model S and Model X.

Goal before the end of 2018

In 2018, Tesla plans to deliver 100 000 Model S and X. the Company has not announced a plan to deliver Model 3, but plans to reach a production of 5000 cars per week by the end of the 2nd quarter of 2018.

At the same time, Tesla expects a big growth in sales of energy storage systems, they aim to triple sales in 2018. The automaker also expects to benefit from the Supercharger stations by the release of Model 3.

By the end of the quarter cash reserves of the Tesla was a little more than $3,37 billion, slightly less than $3,39 billion in the previous quarter.

Today Tesla stock closed at $345, an increase of 3.30%. In closing the session, shares gained 0.5%. Tesla’s shares rose by 31% over the past 12 months.

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