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Tesla Inc (NASDAQ:TSLA) Growth Continues

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Tesla Inc (NASDAQ:TSLA)
Tesla Inc (NASDAQ:TSLA)

New vehicle deliveries by Tesla Inc (NASDAQ:TSLA) increased in the third quarter, beating the previous three months during which its Chinese factory was shuttered for multiple weeks, the US electric automaker announced Sunday.

Between July and September, Tesla delivered a total of 343,380 vehicles around the world, the company led by Elon Musk said in a statement.

That represents an increase of 43 percent over the same period last year, and 35 percent more than the second quarter of 2022.

Tesla Inc (NASDAQ:TSLA) Growth (%)

TitleValue
Revenue Growth (Quarterly YoY)41.61
Revenue Growth Rate (5Y)50.37
EPS Growth (Quarterly YoY)91.39
EPS Growth (TTM YoY)335.64
EPS Growth Rate (5Y)
EPS Growth Rate (3Y)
Dividend Growth Rate (5Y)
Revenue Growth (TTM YoY)60.45
Revenue Growth (Per Share 5Y)37.48
Revenue Growth Rate (3Y)35.86
Book Value Growth Rate (Per Share 5Y)37.79
Tangible Book Value Total Equity CAGR (5Y)46.69
Capital Spending Growth Rate 5 Year40.95
EBITDA CAGR (5Y)101.99
EBITDA Interim CAGR (5Y)83.13
Free Operating Cash Flow CAGR (5Y)
Total Debt CAGR (5Y)-0.84
Net Profit Margin Growth Rate (5Y)

While the Q3 results show a return to growth for Tesla deliveries, the total number was at the very bottom end of analyst estimates, which were between 343,000 and 370,000.

The company said it was facing headwinds with regard to “vehicle transportation capacity,” which it hoped to resolve with better distribution among its factories — including recently opened sites in Berlin and Austin, Texas.

Wedbush Securities analyst Dan Ives described the quarter as “nothing to write home about” in a note to investors, while the market would likely be “disappointed by the softer delivery number in 3Q.”

“That said, we view this more of a logistical speed bump rather than the start of a softer delivery trajectory,” he added.

Tesla has managed to increase deliveries every quarter since the beginning of the pandemic, with the exception of Q2 this year, when the company was forced to close its Chinese factory.

Tesla also reported an increase in auto output, with 365,923 vehicles produced in the third quarter — 54 percent more than the same period last year, though a pace that would likely prevent it from reaching 1.5 million vehicles total for the year, as Musk had estimated in April.

The company plans to release its full quarterly results on October 19.

Tesla Inc (NASDAQ:TSLA)

Tesla, Inc. designs, develops, manufactures, sells and leases fully electric vehicles and energy generation and storage systems, and offer services related to its products. The Company’s automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by its acquired subsidiaries to third party customers, and vehicle insurance. Its energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its automotive products include Model 3, Model Y, Model S and Model X. Powerwall and Megapack are its lithium-ion battery energy storage products.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.