Electric Car company, Tesla (TSLA) recently reported its Q4 2020 vehicle production and deliveries that beat wall street’s expectations. Its Model Y production in Shanghai has started, with deliveries expected to begin shortly. Below is the summarized report:
Quarter 4, 2020:
Model S/X reported production of 16,097 with 18,920 deliveries and Model 3/Y with 163,660 production and 161,650 deliveries.
Model S/X reported production of 54,805 with 57,039 deliveries and Model 3/Y with 454,932 production and 442,511 deliveries.
Tesla announced that the cash flow and net income will be announced along with the rest of the financial performance with the Q4 earnings. It further announced that its vehicle deliveries represent only one measure of the company’s financial performance and do not represent quarterly financial results in any way, which depend on a variety of factors like foreign exchange movement, the cost of sales, and mix of directly leased vehicles.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.