Tesla’s (NASDAQ:TSLA) third-quarter 2022 earnings call comes on the heels of the company’s Q3 2022 Update Letter. Tesla’s Q3 numbers were quite impressive, with the company posting record revenue, operating profit, and free cash flow (FCF).
Tesla’s FCF also exceeded $8.9 billion in the last 12 months, and operating margins reached 17.2% in the third quarter. Similar to previous quarters, Tesla’s war chest grew by $2.2 billion in the third quarter, providing the company with cash and marketable securities of $21.1 billion.
Impressively enough, Tesla posted some key updates on its vehicle projects in the Q3 2022 Update Letter. The Tesla Cybertruck, for example, is already listed as a vehicle under “Tooling” in Gigafactory Texas, while the Tesla Semi has been listed as a vehicle under “Early Production” in Nevada. Tesla’s Optimus is not yet listed in the Q3 2022 Update Letter, though it won’t be surprising if the humanoid robot gets included in the document in the near future.
The following are live updates from Tesla’s Q3 2022 Earnings Call. I will be updating this article in real time, so please keep refreshing the page to view the latest updates on this story. The first entry starts at the bottom of the page.
16:15 CDT – Hi everyone, and welcome to another Tesla earnings call live blog! Tesla’s third-quarter results were quite impressive. This was despite Tesla missing analyst expectations on some metrics, such as revenue. This has caused Tesla stock to feel some pressure on Wednesday’s after hours. Longtime Tesla bull Gene Munster, managing partner of Loup Ventures, noted that the market’s reaction might be due to the fact that Tesla typically beats expectations.
“Tesla is a company that typically has been beating numbers. The reaction you’re seeing is that people are a bit taken aback by the fact that they missed,” Munster said.
Not gonna lie. Gene Munster has a point.
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Keyword: LIVE BLOG: Tesla (TSLA) Q3 2022 earnings call