Tesla Misses Q1 Targets But Gets Even More Ambitious
Tesla Motors (NASDAQ: TSLA) reported its Q1 results on Wednesday, May 4th. The company missed its delivery target for Q1 because it could not produce the required number of Model X SUVs to do so. However, the most significant event for the company this quarter was the launch of its mass market sedan, the Model 3. The company has already received 325,000 pre-orders for the vehicle and decided to push forward its target of producing half-a-million vehicles per year from 2020 to 2018. Consequently, the company warned that its capital expenditure for 2016 would exceed previous guidance by at least 50%. The Silicon Valley based automaker also affirmed its delivery target of 80,000 units for the full year 2016.
Note:
- How Will Tesla’s Earnings Trend After A Tough Q1 Delivery Report?
- With Deliveries Falling And Inventory Piling Up, What’s Next For Tesla Stock?
- Down Almost 20% This Year, Is Tesla Stock Good Value?
- Down 9% Year-To Date, Will A Q4 Earnings Beat Drive Tesla Stock Higher?
- With Delivery Growth Cooling, Is Tesla Stock Still A Buy At $250?
- Following A Lackluster Cybertruck Debut, Is Tesla Stock Overvalued At $240?
Have more questions about auto companies? Click on the links below:
- How Do Automotive Luxury Brands Compare In Their Performance In China?
- How Does GM’s performance vary across geographies?
- How Do Auto Luxury Brands Compare In The US?
- What Is Driving Changes In Ford’s Annual Unit Sales?
- How Much Money Does Ford Make Per Car Sold?
- How Much Has GM Been Investing In Growth Opportunities?
- How Ford’s Unit Pricing Differs Across Geographies?
- How Much Has Ford Been Investing In Growth Opportunities
- Ford’s Overwhelming Dependence On North America
- How Much Profit Does Ford Make Per Unit Sold In Each Geography?
- How Different China Growth Projections Impact Ford’s Bottomline
- How Ford’s Poor Russia Performance Is Obscuring Gains Made In Rest of Europe
- How Careful Targeting of F-Series Sales Helped Ford Boost Its Profits
- How Honda’s Automotive Business Is Faring In Japan
- The Most Significant Trends For Honda Motor Company
- Honda’s Brand Image Is Changing In The U.S.
- How Honda’s Automotive Performance Differs Across Geographies
- How Much Has Honda Been Investing In Growth Opportunities
- How Differing Japan Growth Projections Impact Honda Motor Company
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Tesla Motors
See More at Trefis | View Interactive Institutional Research (Powered by Trefis) Get Trefis Technology