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You're here (NASDAQ: TSLA) Elon Musk, CEO, is usually at the center of discussions. A year full of distractions at the electric automaker is coming to an end and, despite the many investors betting against the company, 2018 is about to end, as equities are trading at double digits. As polarizing as Tesla and his intrepid leader are, the numbers are always winning.
Dirty laundry and television series
The sound of Tesla in 2018 arrived loud, clear and much more often than most investors would have liked. Musk & # 39; s antics included a wandering Twitter comment that resulted in a fine from the Securities and Exchange Commission; smoking pot on the Joe Rogan podcast; and the shame of a Wall Street analyst when calling the second quarter results (this one was actually pretty good if you ask me).
In addition to the drama, there were also headwinds centered on businesses. Tesla's Model 3 has started coming out of the chain this year, and the increase in the number of shipments to tens of thousands of people per quarter has been described by Musk as "a hell of production".
Tesla's mission "to accelerate the transition to sustainable energy" is also beginning. This year, several competitors gained ground in the electric vehicle market, such as Jaguar with the launch of its I-PACE electric SUV, Lucid Motors getting funding from a factory for its premium electric sedan and the start-up chinese up NIO start of production and delivery of its SUV across the Pacific.
All this news has led to a crazy action on the stock for Tesla. However, at the end of the roller coaster, things are improving for the company and the stock. Indeed, despite the obstacles and all detractors, the builder realizes real progress in its activity.
The Tesla Model 3. Image Source: Tesla.
Numbers always win (possibly)
Model 3 production in the third quarter reached 4,300 per week and 56,065 was delivered to customers. The vehicles delivered total nearly 70,000 vehicles, placing Tesla at the forefront of luxury car manufacturers. All of these activities generated revenues of $ 6.8 billion and free cash flow (the amount remaining after the payment of core transactions and capital expenditures) of $ 881 million. This puts Tesla on the fast track to reverse its operating losses and keep it in profitable territory.
|
Metric |
Nine months ended September 30, 2018 |
Nine months ended September 30, 2017 |
% Change |
|---|---|---|---|
|
Returned |
$ 14.2 billion |
$ 8.47 billion |
68% |
|
Operating result |
($ 802,000) |
($ 1.03 million) |
N / A |
|
Earnings per share |
($ 6.56) |
($ 7.80) |
N / A |
|
Free cash flow less than 12 months |
($ 1.50 billion) |
(4.88 billion dollars) |
N / A |
Data source: Tesla and YCharts. YOY = from one year to the next.
Musk said that its company was about to provide even more models in the fourth quarter and 2019, and that the operations would be profitable. The car will be launched in Europe and China early next year as well, and Tesla will start some aspects of production in China from 2019 to bypass a 40% tariff on the US-made vehicle. .
Although the race was difficult, Tesla is about to make a positive two-digit year for his stock. The leader of the electric vehicle market is proof that the raw numbers have ended up dropping the drama in the world of investments.
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