Tesla beats on Q4 earnings estimates
Yahoo Finance's Jared Blikre breaks down fourth-quarter earnings for Tesla.
Video transcript
[AUDIO LOGO]
- Let's get to some breaking news, Tesla shares popping after hours. You can see a gain of just over 3%. Jared Blikre has the numbers for us. Hey, Jared.
JARED BLIKRE: That's right. We're looking at fourth quarter adjusted EPS of $1.19 now. It's $0.07 ahead of the Wall Street estimate of $1.12. Also taking a look at the revenue number, that was a small beat as well, $24.32 billion. The estimate was for $24.07 billion. Also taking a look at free cash flow, that is one of their critical key metrics there. That came in a little bit light, only $1.42 billion. The Street was expecting $3.13 billion, so a little bit light on the cash flow right there.
Gross margin, here's another stat that the Street's keyed in on, 25.9%. Estimate was for a higher 28.4%, so a little bit of a disappointment there. And just looking at some of the other facts and figures here, it looks like they are set to remain ahead of schedule for 50% compounded annual growth rate with 1.8 million cars for the year, so a little bit of forward guidance there. Now, a lot to parse through on this report, and on that note, I'm going to send it back to you guys.
