Tesla Beats on Both Lines as Backlog Hits Four-Year High, Optimus and Semi Enter Production
TSLA sits 30% above its 52-week low of $297.38.
Summary
Tesla beat on both lines: revenue of $28.05B against $27.88B consensus and adjusted EPS of $0.48 versus $0.43 expected. Revenue was flat year over year as automotive revenue slipped 3% to $20.56B and deliveries fell 2% to 486,532, but management said the quarter ended with the largest passenger vehicle backlog in four years and a record energy storage order rate and backlog. FSD subscriptions reached 1.74 million, up 67% year over year. The operational updates are the real news: Tesla Semi began volume production and Optimus production started on high-volume lines at Fremont, with the company calling the output the first production-quality bots. This follows the Reuters report of the revenue beat and the 8-K showing operating income down 56% to $718M on surging AI and R&D spend — the cost side remains the pressure point even as the top line and demand signals improved. Shares were up 1.4% after hours. Musk declined to comment further on SpaceX-Tesla discussions.
At the time of this announcement, TSLA was trading at $387.24 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.