Jump to content
Create New...
  • 🚗 Your People Are Here. Get In.

    The internet is full of car content. This is the community.

    Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

  • Drew Dowdell
    Drew Dowdell

    Q3 2018 - Tesla Turns a Profit

      Tesla beat Wall Street Analyst estimates by a wide margin. 

    Tesla reported Q3 2018 Earnings on Wednesday with revenue of $6.82 billion and a profit $417 million or $2.90 per share. Tesla's earnings per share widely out-paces analyst estimates of losses of 15 to 19 cents per share.

    Revenue on automotive production increased 158% year over year with a dramatic increase in sales during the summer of 2018 due to increased sales of the Model 3 sedan. Tesla also cites increased gross margins on the Model S and Model X due to increased efficiencies.  The Model 3's margin grew to above 20% while production rate increased and manufacturing costs dropped. Telsa is now moving an average of 4,300 Model 3s off the assembly line per week.

    Tesla did not change their overall guidance for the year and production goals remain at 100,000 Model S and Model X units for 2018.

    Tesla Report attached (PDF) - TSLA 3Q18 Update Letter


    User Feedback

    Recommended Comments

    Me either. I thought they would run out of cash over the summer, but they seem to have just squeezed through to a profitable quarter. If they can maintain the momentum on the Model 3, they could actually make it.

    Link to comment
    Share on other sites

    8 minutes ago, Drew Dowdell said:

    Me either. I thought they would run out of cash over the summer, but they seem to have just squeezed through to a profitable quarter. If they can maintain the momentum on the Model 3, they could actually make it.

    God I hope so. And I could use some good news in our crazy world.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Independent Automotive Journalism

    25 years of honest automotive coverage — because someone has to do it.

    Cheers & Gears has never been filtered by manufacturer relationships or driven by algorithm. Just real people, real opinions, and a genuine love of cars. Subscribers keep the lights on and get an ad-light experience starting at $2.25/month.*

    View subscription options

    *A small number of ads feature member-exclusive coupon deals and will still appear.

  • Posts

    • Does anyone know of or have any experience with cardboard wardrobe boxes made for moving? The ones from Home Depot are not that good.  With the metal hanger rod extended across the top, it does not prevent torsion in the box and the folding side flap, which is meant to give you a look into the box, is flimsy ... and if you even put small things on top of this tall box, it tends to sink in. Someone out there has to have some good solid wardrobe boxes in their available inventory of moving supplies. Help and ideas, please ...
    • Some of these famous buildings are hideous, some are interesting with decent parts to them, and a rare few are really nice. The hideous ones include the newer architecture building at University of Washington, Wurster Hall (also architecture) at UC Berkeley, and perhaps the Salk Institute in San Diego.  These buildings are cold and soul sucking, so they're hard to be in.  They also come from a fairly ugly (on various levels) sixties and seventies granola period. One of these buildings would be a "hybrid" and it's fine.  That would be Campbell Hall (again ... architecture) at the University of Virginia, which is definitely brutalist reinforced concrete at the first taller level or two, with an exposed waffle slab at levels above you.  However, they soften it up by using brick on the upper floors' exterior, as well as lower floor to ceiling heights.  The one brutalist gem would have to be the main library at University of California San Diego.  They definitely did not do this to reduce costs because it's a complicated building.  However, it's probably a nice space to be inside because of the floor to ceiling windows all around. It's just that there was a wave of putting up these buildings on West Coast campuses, surrounded by eucalyptus or fir and hemlock, and it was usually at hippieish campuses and their atmospheres don't gel with me.
    • Happy Mother's Day to the mothers in our lives - family, friends, coworkers  She came to mind, so I looked for a gif on her.  She is originally from Buffalo!  Most people have doubles.  I don't think she does. Happy Sunday.
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search