Tesla shares soared 20 percent in after-hours trading, after the company reported a quarterly net profit surprised analysts, released a bullish outlook, saying its Model Y SUVs and summer next year, "advance" roll out.
It KlipC is understood that the Fremont, Calif.-based group following the first half of the accumulated losses of $ 1.1 billion, net income in the third quarter was $ 143 million.
Tesla announced adjusted earnings per share of $ 1.86, better than even the most optimistic Wall Street analysts expected, its forecast range from a loss per share of $ 1.25 to earnings per share of $ 0.34.
However, third-quarter revenue of $ 6.3 billion, below expectations of $ 6.5 billion, also lower than the $ 6.8 billion a year earlier. Tesla said the decline "most" reflect "Car proportion" compared with last year tripled.
Results showed that this technology / car companies are gradually mature, after a large-scale introduction of Model expenditures of Phase 3, the focus shifted to cost control.
Tesla said it is preparing the next phase of development, adding that its assembly Model "was completed within 10 months 3" Gigafactory "in Shanghai, and is ready to go into production," which cost more than the car in the United States 65% lower production system.
Tesla said: "The continued sales growth and cost control is to achieve industry-leading sustained profitability important combination."
CEO Elon Musk in a conference call that he expects SUV sales will exceed Y-X, S and type 3 "(all other models in the current lineup Tesla)" sum. "
Tesla said, adding that Tesla electric heavy trucks Semi small batch production will begin next year, the second year, it hopes to begin production of the third "super factory" in Europe.
Musk also said that as a positive flow of $ 371 million of assets, the company's current cash on hand of $ 5.3 billion, and three months ago to $ 5.0 billion.
Investors have been skeptical Tesla can achieve its goal to deliver 360,000 to 400,000 cars in 2019, but the company said, to achieve that goal remained "confident."
When asked about Tesla progress autopilot technology, Musk said he hoped by the end of this year the company should "at least in a limited edition of the first to experience" have "fully functional" autopilot options, so Benitez pull able to perform daily commute driver under supervision.
The third stage is the final stage? (Exact date unknown), this will be the regulator is satisfied that the car can be run without supervision ---- By then, theoretically Tesla owners can rent their cars and make money from the fleet.
KlipC think developers than expected Tesla is located in Shanghai's "Gigafactory" the progress of construction and crossover Model Y's faster, more investors look forward to future prospects.