Tesla has released its Q2 2023 financial results and has 91 cents EPS.
Tesla made 18% gross margin on energy.
Q2-2023 was a record quarter on many levels with our best-ever production and deliveries and revenue approaching $25B in a single quarter. We are excited that we were able to achieve such results given the macroeconomic environment we are currently in.
Our operating margin remained healthy at approximately 10%, even with price reductions in Q1 and early Q2. This reflects our ongoing cost reduction efforts, the continued production ramp success in Berlin and Texas and the strong performance of our Energy and Services & Other
businesses.
Our commitment to being at the forefront of AI development entered a new chapter with the start of production of Dojo training computers. We are hopeful that our immense neural net training needs will be satisfied using our in-house designed Dojo hardware. The better the neural net training capacity, the greater the opportunity for our Autopilot team to iterate on new solutions.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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Company condition is great. I miss more money spend on investment and research and development.
I think the main limiting factor for future growth is their problem with battery ramp.
If they had enough new b.cells they would already be producing Cybertruck and semi,.. plus look into model 2.
They know the best, what is the issue. I think that they don’t want to use wet electrode coating but dry. It is cheaper, but they are having problems with that process.
They must know that slower battery ramp is costing them a lot in the long run. Faster they can start mass producing semi and cybertruck, faster they will get even more money for future development.
In line with what I expected. Holding long-term until 2030 or stock reaches $1000, whichever comes first. Accumulating more stock each month.
So many people focusing on Operating Margins, missing the big picture of software, licensing, energy storage, Optimus, and new vehicle introductions. EPS growth is most important, I see it going to $4/share by 2028.
Buy and hold. Buy and hold. Buy and hold.
If Tesla solve FSD it will hit $1000 per share by 2026 easily .. I am also a long term holder and still see upside from here, AI is fundamental to industrial growth at this point and Tesla is a leading AI company (as are Google and Microsoft)
This. In the meantime, lots of media-fuelled FUD please so I can fill my bags with discount Tesla shares.