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Tesla Motors Inc TSLA reported earnings this Wednesday afternoon. Below is a live blog of the events.
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- 08:44:10pm: Conference call concludes.
- 08:43:46pm: Musk on oil's relation to Tesla: "It certainly has some effect, but it's not a dramatic effect. I'd call it a moderate effect. It's not changing any of my projections."
- 08:43:11pm: "Demand is certainly going to increase...for sure, oil companies are going to be scaling back their investments in new oil fields massively."
- 08:42:00pm: Musk on oil: "I'm not an expert...obviously fracking has massively increased the available oil reserves worldwide...there's a cost of doing it [though]. But man, it's really anyone's guess as to what happens long term."
- 08:40:15pm: Question: Why did you promise the Roadster 3.0? Musk: It's an "obligation" to early adopters. "We said we'd provide an upgrade and that's what we're doing."
- 08:38:01pm: Musk calls the Model 3 a "mass market premium car"
- 08:36:13pm: Trip Chowdhry: Instead of focusing on the Model 3, why aren't you just focusing on X and S? Musk response: "We need to make a lot of cars..and make them a heck of a lot more affordable than they are today."
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- 07:58:00pm: Musk says Tesla will be cash flow positive by the end of the year, after capex, "in Q4."
- 07:57:15pm: Musk: The only way we'd raise money is "to have a bigger cash cushion...in case there's a downturn in the economy"
- 07:55:11pm: Musk: "I'm quite sure there will be...manufacturers are currently trying to use our patents. The first time you'd see anyone using our IP will be about 3 years after" release.
- 07:49:30pm: Musk on Tesla's non-GAAP profitability: "That doesn't mean bull**** profitable, it means really profitable"
- 07:47:10pm: Musk: We are going to spend staggering amounts of money on capex
- 07:45:35pm: Musk: "Financials are better than they appear, not worse."
- 07:39:35pm: Musk: Sales in Hong Kong are excellent. "I'm confident, just as we're seeing high demand in every other part of the world, we'll see it in China as well."
- 07:37:10pm: Musk: "It is not difficult to charge your car in China...unfortunately, our sales team was telling people it was difficult to charge your car in China...that's pretty silly"
- 07:36:13pm: Musk: Situation in China has been Blown Out of Proportion
- 07:35:31pm: Tesla Says Want to Overcome Difficult Customer Experience in China
- 07:31:28pm: Tesla's Earnings Call Begins
- 06:09:22pm: Of note, Tesla sentiment on StockTwits is 68 percent Bullish/32 percent Bearish. Wide swings in sentiment since beginning of the year.
- 05:49:41pm: Tesla now down 2.81 percent after hours.
- 05:30:50pm: Tesla conference call scheduled to begin in two hours.
- 05:28:10pm: Tesla down 1.53 percent after hours.
- 05:26:00pm: Elon Musk not tweeting about Tesla miss, discussing SpaceX on platform.
- 05:17:10pm: Tesla Reports Q4 Adj. Loss of $0.13/Share vs Gain of $0.31/Share Est., according to Bloomberg
- 05:16:47pm: Tesla Reports Q4 Sales $1.1B vs $1.23B Est., according to Bloomberg
- 05:07:30pm: Still nothing from Tesla
- 04:53:29pm: Tesla Release Shows Correction to Prior Q4 Results Release, Says Results Will Be Available at 5 p.m. EST
- 4:17:00pm: Press Release Suggests Q4, FY14 Results Are Out; However, Links Do Not Seem to Be Working Properly
- 3:40:00 pm: Tesla expected to move 8.5 percent post-earnings, implied volatility shows.
- 3:30:00 pm: Trading expert says Tesla chart says "buy me.
- 3:05:00 pm: New Products Key To Tesla Motors' Production Goals, Says Kelley Blue Book.
- 1:51:00 pm: Tech Editor: Watch China-Related News On Tesla Earnings Call.
Image credit: Heisenberg Media, Wikimedia
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