Tesla Motors' shipments of electric vehicles in the second quarter were lower than expected. In the second quarter, Tesla Motors shipped 14,370 vehicles, including 9,745 Model S and 4,625 Model X, which is about 15% lower than the 17,000 expected in May. Tesla's second quarter car Production reached 18,345 units, up 20% from the first quarter. However, Tesla had expected a quarterly capacity of 20,000 units.
Forbes Online today published an article by contributor Chuck Jones, who pointed out in the article that Tesla’s worrying capacity will lead the company to the second quarter of 2016 as of the end of June this year. And the annual revenue and profitability were once again traumatized. The following is the main content of this article.
Not long ago, Tesla sent a preliminary report on the company's vehicle delivery and shipments in the second quarter of this year as of the end of June. The report shows that the delivery of cars during Tesla failed to meet the company's stated expectations.
To make matters worse, Tesla’s performance forecast for the second half of this year in the relevant report also indicates that industry analysts’ revenue and earnings estimates for the company need to be lowered again.
The second quarter loss will further increase
Wall Street currently expects Tesla's revenue in the second quarter of this year to reach $1.82 billion as of the end of June, up 14% from the first quarter, but this is based on the premise that Tesla's vehicle delivery needs to be as expected. 17,000 vehicles. However, Tesla's latest report shows that the company's actual car delivery in the second quarter of this year was only 14,370, while the actual car delivery in the first quarter of this year was 14,810.
The data shows that in the first quarter of this year, Tesla Model S delivered 12,410 vehicles, while in the second quarter, the delivery of this car was only 9,745. One thing to point out is that the decline in Model S sales may not mean that the market demand for this vehicle is declining, but this sign deserves attention.
Although Tesla pointed out in the report that the number of cars the company is shipping to customers is better than expected in May this year, the company only provides the total number of cars being transported to customers in the past two quarters, but there is no specific The number of quarters is indicated, so how the industry compares the expected delivery is not known.
Model S and Model X are both very important because the Model X has a higher price. Although Tesla's total sales in the second quarter of this year were lower than in the first quarter, the sales of the two cars have changed, but it can help mitigate the adverse effects of the decline in total sales. In my opinion, the decline in car delivery may reduce Wall Street's revenue expectations for Tesla. Earlier, Wall Street expects Tesla's second quarter revenue to be $1.82 billion, but the new forecast may be lowered by $100 million to $150 million, but will still be higher than the $1.6 billion in the first quarter of this year.
At the same time, Wall Street analysts will further cut their earnings forecasts for Tesla. In fact, before Tesla released its preliminary results for the first quarter of this year in early April, Wall Street analysts expect the company's diluted earnings per share for the second quarter of this year to reach $0.14. But before Tesla released its latest business report, Wall Street analysts cut the company's diluted earnings per share for the second quarter of this year to a loss of $0.33. However, Wall Street's latest estimates suggest that Tesla's gross profit margin may also be hit, so the diluted loss per share for the second quarter of this year may be higher than $0.50.
2016 full year profit will turn from profit to loss
Tesla said in the report that it plans to deliver 50,000 cars in the second half of this year, so that the total car delivery this year will reach 79,180, but still lower than the previous forecast of 80,000 to 90,000. Lower limit. Given that the company has previously been expected to be too high and not up to standard, I expect industry analysts to further downgrade Tesla's performance expectations.
Tesla's diluted earnings per share this year may look similar to last year. Before Tesla released its preliminary report for the second quarter of 2015, Wall Street expected the company to lose $0.09 per share in accordance with US GAAP, but Tesla continued to lose money.
Before Tesla announced its 2016 first quarter results report, Wall Street expects Tesla's diluted earnings per share this year will reach 1.31 US dollars, but has now been reduced to 0.73 US dollars, is expected to further reduce in the future, and even fall into a dilemma .
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