Tesla Released 2016 Earnings

- Mar 01, 2017-

Reported that in the fourth quarter ended December 31st, Tesla's total revenue of $2.285 billion, higher than the same period last year, $1,214 billion, less than $2,298billion in the previous quarter. Tesla's fourth quarter net loss of $121 million per diluted share, a loss of $0.78; a quarter net profit of $21.9 million, and diluted earnings per share of $0.15; the same period last year net loss of $320 million, a loss of $2.44 per diluted share.          


Analysts on average had expected the market, not in accordance with GAAP, Tesla's fourth quarter revenue of $2,180 billion, diluted loss per share of $0.43; but in fact Tesla's fourth quarter revenue of $2.285 billion, a loss of $0.69 per diluted share. In other words, Tesla's fourth quarter revenue exceeded market expectations, but net profit is less than expected.          


Tesla's fourth quarter total operating expenses of $702 million in the previous quarter was $551 million, compared to $479 million. Among them, the fourth quarter Tesla R & D expenditures of $246 million; sales, general and administrative expenses were $456 million. Tesla's fourth quarter gross profit was $435 million, less than $637 million in the previous quarter, better than the same period last year, $219 million.          


Tesla fourth quarter production of electric vehicles, compared with the previous quarter, production fell by 1%, compared with the same period last year, an increase of 77% over the same period in. Tesla delivered 22 thousand and 252 electric vehicles in the fourth quarter, compared with the previous quarter, a decrease of 10% over the same period last year, an increase of 27%. The company expects the first half of 2017 will be delivered 47 thousand to 50 thousand ModelS and ModelX electric vehicles, delivery volume increased by 61% over the same period last year to 71%.


Teslas is well known as world's biggest battery gigafactory. but the last quarter section financial report shows it's deficit. "Giga" is the prefix of English 1 billion, so Gigafactory is originally a single plant capacity of up to 1 billion battery cell / year.


Tesla CEO Elon Musk can not think where radical, he said in an interview, to create enough batteries to achieve the world's energy to sustainable change, probably need to build 100 Gigafactory...... In that case, it's only 5% now.


from the above data, we can find that the example of world's first largest battery factory, it''s still going on in very hard situation, it's not that easy in the first years. but let's wait and see how it goes on in the next years till 100 giga battery factory finished.