Tesla Inc (TSLA) Q1 2021 (USD): Adj. EPS 0.93 (exp. 0.79), Revenue 10.39bln (exp. 10.29bln).

• "First deliveries of the new Model S should start very shortly, Model Y production rate in Shanghai continues to improve quickly and two new factories Berlin and Texas are making progress."


• "We are currently building Model Y capacity at Gigafactory Berlin and Gigafactory Texas and remain on track to start production and deliveries from each location in 2021. Gigafactory Shanghai will continue to expand further over time. Tesla Semi deliveries will also begin in 2021"


• "We plan to grow our manufacturing capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. In some years we may grow faster, which we expect to be the case in 2021. The rate of growth will depend on our equipment capacity, operational efficiency and capacity and stability of the supply chain. 


• "We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses."


• "We expect our operating margin will continue to grow over time, continuing to reach industry-leading levels with capacity expansion and localization plans underway"

CASH:

• FCF of 293mln


• Debt and finance lease reduction of 1.2bln


• Net cash outflow of 1.2bln related to Bitcoin
  


• In total, 2.2bln decrease in cash and cash equivalents to 17.1bln

REVENUE SEGMENTS:

• Automotive: 9.00bln (exp. 8.55bln)


• Autmotive Leasing: 297mln (exp. 276mln)


• Automotive Sales: 8.71bln (exp. 7.53bln)


• Energy Generation And Storage: 494mln (exp. 489mln)


• Services And Other: 893mln (exp. 701.86mln)

link to Tesla IR

26 Apr 2021 - 21:07- Equities- Source: Tesla IR