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Comment by stokedmartin | Hacker News Reader

Summary:

  Auto Revenue: $7.611B

  Automotive Gross Margin: 27.7%

  Total Revenue: $8.771B

  Total GAAP Gross Margin: 23.5%

  Net Income GAAP: $331m (non-GAAP $874m)

  EPS (GAAP): $0.27  (Non-GAAP $0.76)

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Cash flow: $2,4b for a 7.6b in revenue was outstanding

Rule of 40 of 318 is outstanding and only Zoom has a greater number than Tesla (42% YoY rev + 276% in Free Cash Flow YoY

I believe they spent 2.4b on expansion but cashflow was still 1.9b.

`Over the past four quarters, we generated over $1.9B of free cash flow while spending $2.4B on new production capacity, service centers, Supercharging locations and other capital investments`

>Automotive Gross Margin: 27.7%

Beauty To Behold

How do this compare to Toyota, Mercedes, BMW, etc?

Profit margins in automotive are typically single digits. Edit: Added « margins »

Profit margins also notoriously can be manipulated.

Not all financial statements are created equal. As much as I hate to say this, this is basically why financial analysts who study stocks exist.

Toyota appears to be 2nd best with ~20%. GM, BMW are suffering <10%, as you point out.

Profit margins are single digits yes, but gross margins are typically 20% or so.

Here's the margins on GM:

https://www.macrotrends.net/stocks/charts/GM/general-motors/...

Gross Margin (profit before fixed expenses): ~8%

Net Margin (final profit): 1%

What were EPS + revenue estimates?

Revenue: $8.28 billion EPS: 0.57 non-GAAP

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