FORWARD-LOOKING STATEMENTS: This press release contains certain statements that may be deemed to be forward-looking statements. Data is a real-time snapshot *Data is delayed at least 15 minutes. ET. Will You Be One of Them? Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. but to help you search, pick and predict stocks 1 - 3 days ahead with up to 87.4% proven accuracy. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Q&A. For Q3, BYD sold 538,704 NEVs, up 194% vs. a year earlier and surging 52% from Q2. Nasdaq Tesla will report second-quarter earnings after the markets close on Wednesday. Tesla last announced its earnings results on October 19th, 2022. These setbacks led to a dip in Q2 deliveries. Additionally, experts have raised questions about whether the worlds lithium supply is sufficient to power the fast-growing EV sector. The single greatest medical breakthrough of all time? Lets take a closer look at what investors should be watching for in the Q3 report. Tesla CEO Elon Musk has said that the company hopes to start delivering the Cybertruck, its battery-powered electric pickup, in the middle of next year during a call for investors. Quite frankly, if management is to be believed when it comes to their confidence in demand for Teslas, then I would expect to see gross margins back above 30% in Q322 at minimum. This Is Why Daktronics Fell 40% In One Day. 10-Q. With the ONP maintenance estimated to be completed in October 2022, and the pipeline operational again, the schedule to realize the derivative value has shifted primarily into 2023, which will further supplement the Company's expected cash reserves. The Company has also provided an updated corporate presentation inclusive of the Q2 2022 results, on its website. For context, Teslas EBIT margins over the trailing 12 months have been an impressive 16.1%. Current total cash as at August 15, 2022 is approximately $115 million including $15 million in restricted cash and up to date payments from our Brazilian route shipping counterparty, but not including outstanding amounts owing from Petroperu. Samuel OBrient has been covering financial markets and analyzing economic policy for three-plus years. "Free cash flow" (non-GAAP financial measure) is calculated as net operating income less G&A less exploration and development capital expenditures and is calculated prior to all debt service, taxes, lease payments, hedge costs, factoring, and lease payments. Today's delivery numbers represented sales growth of 26.5% year-over-year, and a 17.9% decrease sequentially for Elon Musk's electric vehicle venture. OIL REFERENCES: All references to "oil" or "crude oil" production, revenue or sales in this press release mean "heavy crude oil" as defined in NI 51-101. The company logged $679 million in emission credit sales to other automakers, compared to $314 million in credit sales in Q4 2021. I am not receiving compensation for it (other than from Seeking Alpha). For one, rising gas prices have helped compel many drivers to go electric. If you have an ad-blocker enabled you may be blocked from proceeding. Drilling schedule adjustments. If Tesla can meet or surpass expectations in next weeks report, however, Wall Street may issue more positive takes. The costs of opening those two factories, while also struggling to keep its Chinese factory in operation, were expected to weigh down Teslas numbers this quarter. Ongoing military actions between Russia and Ukraine have the potential to threaten the supply of oil and gas from the region. However, its worth noting that Tesla just released quarterly deliveries of 343,830 vehicles, which came in below analysts consensus estimates of 358,520. Actual results could differ materially from those currently anticipated due to a number of factors and risks. OBrient loves helping everyone understand the complexities of economics. The gross margin in Q3 should help investors understand whether or not the demand for Tesla vehicles is as powerful as Musk claims it is. This may well be due to poor forecasting by analysts, but it does imply that maybe, just maybe, demand is starting to waver a bit more than it has done in the past. On the production side of things, Tesla said it built a total of 305,407 vehicles during the past three months. The stock was hit especially hard after Tesla announced Q3 deliveries that came in below analysts' estimates. "Funds flow provided by operations" (non-GAAP financial measure) includes all cash generated from operating activities and is calculated before changes in non-cash working capital. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. Count Me In for the Free Live A.I. Last summer, the company reported that its manufacturing and energy sales business was profitable for the first time without counting emission credit sales. contact@marketbeat.com The Q3 earnings report will likely mean an update on Teslas overall battery progress. Tesla also has a ton of optionality within the business, meaning there are a number of different routes to success. Analysts expected another $2.5 billion in revenue and a loss in the ballpark of $2 per share. Diluent and barging costs were $3.4 million ($2.54/bbl) in the quarter, reduced significantly from $12.1 million ($8.68/bbl) in Q2 2022, and down from $5.3 million ($6.61/bbl) in Q2 2021. As of Sept. 6, 2022, NIO stock has provided a 1-year trailing total return of -57.5%, well behind the S&P 500's -13.3% return. "Adjusted EBITDA" (non-GAAP financial measure) is calculated as consolidated net income (loss) before interest and financing expenses, income taxes, depletion, depreciation and amortization and adjusted for G&A impacts and certain non-cash, extraordinary and non-recurring items primarily relating to unrealized gains and losses on financial instruments and impairment losses, including derivative true-up settlements. Watch Martins warning now and see exactly how to protect yourself and your wealth in the critical months ahead. We have released our fourth quarter results and the preliminary figures for fiscal year 2022 on November 17, 2022. On the date of publication, Samuel OBrient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. PetroTal's 2021 AGM will be held virtually on September 15, 2022. Tesla last released its quarterly earnings results on October 19th, 2022. FINRA Halts Trading in Meta Materials (MMTLP) Stock Ahead of Spinoff, Hydrogen Stocks PLUG, BE, FCEL Have a HUGE Catalyst Brewing, 3 Stocks to Buy to Profit From AI Chatbots. Net income was $84.2 million an increase of 31% over Q1 2022 of $64.5 million and significantly exceeding $11.4 million in Q2 2021. Learn more on TSLA's earnings history. Management uses these non- GAAP measures for its own performance measurement and to provide shareholders and investors with additional measurements of the Company's efficiency and its ability to fund a portion of its future capital expenditures. 2022 Vox Media, LLC. Europe. and Teslas current market capitalisation and seeing a disconnect. Enter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. To recap, the four main things Ill be looking at are: production, demand, gross margins, and any updates on full self-driving. The Company estimated 2022 average production to be between 15,000 bopd and 16,000 bopd and the latest production forecast confirms the lower end of this range. 1. Barrington Adjusts Price Target on Hackett to $23 From $21 After Q2 Ea.. MT. The stakes are high following the companys disappointing deliveries earlier this month. TSLA stock investors should watch for updates on production, batteries and more. I wrote this article myself, and it expresses my own opinions. The total net derivative asset on the balance sheet as at June 30, 2022 was $56.8 million, consisting mostly of the true up value of oil in the ONP. 2022 InvestorPlace Media, LLC. document.write(''); Enter your email address below to receive the latest news and earnings results for TSLA and its competitors with MarketBeat's FREE daily newsletter. Unsurprisingly, there are an awful lot of things to watch out for in Teslas Q322 earnings. Finally, I would like to congratulate the entire PetroTal team on our recent milestone of ten million barrels produced in only four short years since first production.". To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Tesla has generated $3.24 earnings per share over the last year ($3.24 diluted earnings per share) and currently has a price-to-earnings ratio of 55.3. Most importantly, in June, we achieved production records in both Fremont and Shanghai. To see all exchange delays and terms of use please see Barchart's disclaimer. From a social perspective, the 2.5% social fund working table sessions have been extremely productive, transparent, and aligned, creating the necessary stability our field has strived for over the years. View which stocks are hot on social media with MarketBeat's trending stocks report. Real-time analyst ratings, insider transactions, earnings data, and more. The dark blue line represents the company's actual revenue. More specifically, investors will want to examine Teslas overall production progress. September 2022: Tesla hosts its annual AI Day Stock Price: $287.81 This week, Tesla plans to host its Annual AI Day, complete with futuristic predictions and a little flair a l Elon Musk. worried about the trucks windshield wiper, Tesla Cybertruck: all the news about Elon Musks futuristic pickup truck, Elon Musk is driving Teslas Cybertruck prototype around Los Angeles, Elon Musk promises Cybertruck vs. Ford F-150 rematch after controversy, Tesla already has over 200,000 deposits for its divisive Cybertruck, Tesla Cybertruck first ride: inside Elon Musks electric pickup truck. SPECIFIED FINANCIAL MEASURES: This press release includes various specified financial measures, including non-GAAP financial measures, non-GAAP financial ratios and capital management measures as further described herein. If we take a look back at Teslas Q2 earnings, which also occurred in a tough economic environment, the company actually did pretty well beating on most of the key metrics, even if there was a small miss on automotive. Calgary, Alberta and Houston, Texas--(Newsfile Corp. - August 25, 2022) - PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) ("PetroTal" or the "Company") is pleased to announce its financial and operating results for the three months ended June 30, 2022 ("Q2 2022"). CEO Elon Musk has publicly lamented that the new factories are costing Tesla billions, but have not yet been able to make enough vehicles and batteries to justify their costs. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Tesla annual and quarterly earnings per share history from 2010 to 2022. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. In the previous quarter, Tesla (NASDAQ:TSLA) reported $0.95 earnings per share (EPS) to beat the analysts' consensus estimate of $0.87 by $0.08. Yet if this company can achieve automotive gross profit margins of at least 33%, I think it will be more evidence that Tesla is a company and a brand with demand that is truly in a league of its own. In other words, the truck hasnt been entirely MIA, in sharp contrast to the second-gen Roadster thats also supposed to ship in 2023. Rankings. (844) 978-6257. Deliveries increased slightly from the previous quarters308,600 deliveriesand outpacedthe 184,800 shipments Tesla madein the first quarter of 2021, representing a 68 percent year-over-year increase. But in spite of all these challenges, it was one of the strongest quarters in our history. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. Mr. Musk might have a reputation for underdelivering on his extreme promises, but his implication of a record-breaking second half of 2022 may well come to pass. Tesla CEO Elon Musk described that feat as exceptionally difficult, citing global supply chain issues and the closure of the companys factory in Shanghai amid rising COVID case numbers. Tesla (NASDAQ:NASDAQ:TSLA) is the worlds leading electric vehicle manufacturer, with an inspiring mission to accelerate the worlds transition to sustainable energy. The DOW plunged 3.5%, and he told CNBC, It seems like theres much more to come. Within a month, the market plummeted 34%. Get the Latest News and Ratings for Your Stocks. Get daily stock ideas from top-performing Wall Street analysts. Source: TradingView. Yet Q3 results could be a pleasant surprise, especially since the Shanghai factory is up and running again. On July 27, Mercedes-Benz reported Q2 earnings results for 2022. The earnings report also follows a robust quarter for delivery and production for Tesla. In particular, Netflix (NASDAQ:NFLX) and American Airlines (NASDAQ:AAL) are gearing up to provide recent financial results. First half 2022 capital expenditures are $41.6 million, trending well under the $70.0 million approved budget. Currently, its one giant arm thats meant to clean off the entire windshield in a single stroke. (Must See). Not only was Q3'22 a record-breaking quarter in terms of deliveries for Tesla, but unsurprisingly it follows that it was a record-breaking quarter in terms of vehicle production. What is Tesla's EPS forecast for next year? Videos have leaked out of the truck driving on test tracks, and earlier this year, someone posted a video showing a walk-around of a prototype unit. Record low transportation costs. Tesla Q2'22 Earnings Presentation. What: Date of Tesla Q2 2022 Financial Results and Q&A Webcast When: Wednesday, July 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Whether youre looking to buy, sell or stay put, it could have dire consequences. Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented, "We would like to thank our entire team for another record quarter on many fronts. Generated record NOI and EBITDA(a) of $98.6 million ($74.13/bbl) and $93.4 million ($70.26/bbl), respectively, compared to $29.7 million ($36.88/bbl) and $26.4 million ($32.87/bbl), respectively, in Q2 2021 and $64.2 million ($45.96/bbl) and $58.7 million ($42.58/bbl), respectively, in Q1 2022. Inflation is through the roof, central banks are raising interest rates, and consumer sentiment in 2022 is lower than it has been for the past decade. Link to PetroTal Q2 2022 webcasthttps://stream.brrmedia.co.uk/broadcast/62e8f64f04182f363ba99aa2. The Company considers netbacks to be a key measure as they demonstrate Company's profitability relative to current commodity prices. Let me start by saying one thing. Record revenue. Provided by Dow Jones Dec 9, 2022 5:47 PM UTC MarketWatch Deutsche Bank says Federal Reserve's 2023 interest-rate forecast is likely to point to a peak level of 5.1% A year ago, Elon Musk's electric car business delivered 201,250 vehicles in the second quarter. The credit sales have come in handy in past years, helping Tesla eke out a profit while its car-making business struggled. In the first quarter of 2022, Tesla delivered 310,048 vehicles. TSLA has generated $3.24 earnings per share over the last four quarters. As announced on June 16, 2022 and July 5, 2022, Petroperu delivered approximately 550,000 barrels through the ONP to Bayovar and exported nearly 720,000 barrels to an international refiner. The chart below shows up to four years of a company's revenue history. Listen to Conference Call, The conference call transcript for Tesla's latest earnings report can be read online. Despite that, Musk also predicted on the earnings call that the company would be able to ramp up production and make 1.5 million cars this year. Until today, Tesla had planned to launch a facility to build EV batteries outside its Berlin gigafactory. His areas of expertise involve electric vehicle (EV) stocks, green energy and NFTs. In addition, the Company cautions that current global uncertainty with respect to the spread of the COVID-19 virus and its effect on the broader global economy may have a significant negative effect on the Company. Q2 2022 Earnings Call Transcript. Its unclear exactly how Musks hostile takeover efforts may spill over to affect Tesla or its shareholders, but at the very least, its bad timing, given the number of important milestones Tesla still needs to hit this year. However, Langan isnt the only expert raising concerns about increased living costs and the potentially negative impact on expensive EV demand. Please refer to the MD&A for additional information relating to specified financial measures. In-depth profiles and analysis for 20,000 public companies. Many milestones have yet to be achieved, however, the initiatives remain on track and functioning as planned with more formal updates on this to come in H2 2022. The total represented approximately 88% of the budget, due to deferral of drilling activity as a result of the social protest activity in March 2022, and deferral of additional facility and water disposal work until 2023. FOFI DISCLOSURE: This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about PetroTal's revised budget and guidance, prospective results of operations, production and production capacity, free cash flow, revenue, adjusted EBITDA, debt repayment, liquidity, shareholder returns and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. (1) Net debt/(surplus) defined as cash and restricted cash + VAT receivable (short and long term) + trade receivables + short term and long term derivative assets - AP - short and long term leases - short and long term debt - derivative obligation, Selected Financial and Operational Highlights. The company was sued by Californias civil rights agency after several employees came forward with reports of racial discrimination and harassment. Copyright 2022 InvestorPlace Media, LLC. It was undoubtedly a noteworthy quarter for Tesla. In order to understand what to watch in the upcoming quarter, its important to know why there was a dip in Q2 as CEO Elon Musk explained on the Q2 earnings call: Q2 was a unique quarter for Tesla due to a prolonged shutdown of our Shanghai factory. Finance reports that, although more drivers now say they plan on purchasing an EV, that switch has been postponed further into the future as thecost of living crisis bites. Tesla is largely considered the leader of the EV sector and its sales figures do much to indicate the robustness of overall EV demand. Investors are sure to be wondering why the plan has been halted. Investors will be looking at Teslas Q322 earnings to provide more clarity and see just how much pain (or lack of) this business is going to feel. Learn more on analysts' earnings estimate vs. TSLA's actual earnings. Market Wizard who made $95 million for his clients in 2008 and predicted the 2022 collapse (Ad), Surprise Yourself, Predict the Trends with A.I. The cost of materials for these cars should not really be any higher in Q3 than in any of the prior quarters (inflation and shortages have been around for a while now), and with production ramping up again, its the selling price of Teslas vehicles that will drive this gross margin. Q3 2022 Earnings Call Nov 09, 2022, 5:00 p Tesla and Amazon as the world's most innovative companies across technology, transportation and consumer goods. But it does seem to be epic. Is Advance Auto Parts a Buy After its Earnings Crash? As a result, the amount of data obtained by Tesla has risen exponentially, and this perhaps explains Musks confidence. As such, I am looking at Q3'22 gross margins to back up claims that demand isnt an issue. Q2 2022 G&A was $5.1 million ($3.87/bbl) compared to $4.7 million ($3.38/bbl) in Q1 2022 and $3.2 million ($4.01/bbl) in Q2 2021 representing a 15% and 3% increase and decrease, respectively, on a per barrel basis. Record Q2 and YTD 2022 free cash flow. See "Selected Financial Measures" section. I have no business relationship with any company whose stock is mentioned in this article. Yahoo! Net debt/(surplus) was approximately ($79) million as at June 30, 2022, as defined internally by the Company. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders. The transition from ICE vehicles to EVs is still in its very early innings, with Facts and Factors forecasting the Global Electric Vehicle Market to grow at a CAGR of 24.5% from 2022 to 2028, eventually reaching a size of $980B. Q3 2022 Earnings Call Nov 15, 2022, 7:30 a.m. It is clear to see how this might be possible when you consider that the number of Tesla drivers using its FSD beta has risen from 2,000 one year ago to a whopping 160,000. All amounts herein are in United States dollars ("USD") unless otherwise stated. Tesla has provided little information on the news but it may address the change on its earnings call. Further, the ability of PetroTal to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness. On August 22, 2022, the Company formally surpassed the ten million barrels of produced oil milestone in only four years. One Black former Tesla employeewas awarded $137 million in damagesafter he reported a hostile work environment where he heard daily racist epithets. (A judge later reduced the award to $15 million, calling the jurys decision excessive.). Management uses free cash flow to determine the amount of funds available to the Company for future capital allocation decisions. The Company has secured approximately 420,000 barrels of export barging capacity for August 2022 plus 60,000 barrels for the Iquitos Refinery which has allowed production to increase to 19,000 bopd since August 22, 2022. Accordingly, investors should carefully watch the report; it will likely have implications for the entire sector. Given this companys constant focus on efficient production, with the industry-leading margins to show for it, and the fact that it isnt operating at full scale yet, I believe that Tesla's margins can continue to expand over time. Total free cash flow for the six months ended June 30, 2022 has surpassed $100 million, significantly boosting the Company's liquidity profile. The company produced 366k vehicles in Q322, a substantial ramp up from its production of 259k in Q222. Net operating income and Netback represent revenues less royalties, operating expenses, and direct transportation. As mentioned, the economy is not looking too rosy right now. Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. Several major companies will report third-quarter earnings next week. In the first quarter of 2022, Tesla delivered 310,048 vehicles. In its notes to investors, the company says it increased the average selling price of its cars and grew the number of cars it was delivering. In the meantime, competitors like Ford and Rivian have launched their own electric pickups, with Ford saying that it plans to make 150,000 F-150 Lightnings in 2023. Notes to Press Release(a) See "Specified Financial Measures". 2022 Vox Media, LLC. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for PetroTal. Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges. The company has also continued its trend of making more per car its gross automotive margin was 32.9 percent in Q1 2022, compared to 26.5 percent in Q1 2021. Get this delivered to your inbox, and more info about our products and services. By Andrew J. Hawkins, Mitchell Clark, and Umar Shakir. Perhaps unsurprisingly, I am expecting to see a substantial recovery as we approach Q322. Capital investment. Separately, Tesla is grappling with the high costs of building out and starting up production at new factories in Austin, Texas and near Berlin in addition to its Fremont, California and Shanghai plants. ET. After this hedge, the Company is approximately 25% hedged on corporate production volumes in Q3 and Q4 2022. Training . Now, the operation is on pause until 2024, according to sources close to the company. Download. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Tesla (NASDAQ:TSLA) has a recorded net income of $5.52 billion. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Article printed from InvestorPlace Media, https://investorplace.com/2022/10/tsla-stock-3-things-to-watch-when-tesla-reports-earnings-oct-19/. The company has apparently had problems making that design safe for use in the real world; in late 2021, Musk tweeted that he was worried about the trucks windshield wiper. Capital expenditures in the quarter totalled $24.0 million and were focused on drilling and completing well 11H and advancing infrastructure projects. What: Tesla Second Quarter 2022 Financial Results Q&A Webcast When: Wednesday, July 20, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q2 2022 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay) The webcast will be archived on the companys website following the call. We want to hear from you. Tesla's earnings are expected to grow from $3.61 per share to $4.91 per share in the next year, which is a 36.01% increase. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Companys financial and business results and outlook. Daily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. Operational and Financial Highlights Subsequent to June 30, 2022. As startups and legacy automakers offer more new electric vehicles, Tesla's share of the global and domestic EV market is expected to decrease but remain substantial. Tesla originally announced the truck in 2019, with a goal of starting production in late 2021. Millions of People Will Be Blindsided in 2023. Put all that together, and I can see Tesla shares achieving a CAGR through to 2026 of (4%), 9%, and 36% in my respective bear, base, and bull case scenarios. Approximately two thirds of Capex spent was for drilling and completion related investments with the remainder divided amongst smaller production operation projects; On April 1, 2022, the Company paid $20 million of principal to bondholders through the 101% call option mechanism set out in the bond agreement. The decrease was supported by lower barging standby time, and significantly lower diluent and diesel costs from shipping through the Brazil and Iquitos routes instead of incurring ONP costs. All Rights Reserved, By submitting your email, you agree to our. Then, nobody believed Larry at the start of this year, either. He is ranked in the top 15% of stock pickers on TipRanks. Listen. American Consumer News, LLC dba MarketBeat 2010-2022. But when Q3 deliveries fell short of expectations, the disappointing results ignited a blaze of skepticism. For Q3, BYD sold 538,704 NEVs, up 194% vs. a year earlier and surging 52% from Q2. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses; and health, safety and environmental risks), commodity price volatility, price differentials and the actual prices received for products, exchange rate fluctuations, legal, political and economic instability in Peru, wars (including Russia's military actions in Ukraine), access to transportation routes and markets for the Company's production, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Tesla just reported second-quarter vehicle production and delivery numbers for 2022. PetroTal is a publicly traded, tri quoted (TSXV: TAL) (AIM: PTAL) (OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. America. One of the defining market trends of 2022 has been the rising tide of EV demand. As with all high-growth, disruptive companies, valuation is tough. As a result of the revised drilling schedule, the Company is guiding 15,000 bopd, and has adjusted Q3 and Q4 2022 production profiles to the following levels as dictated by available sales scheduling: (1) Approximately $33 million in anticipated 2022 true-up revenue has now been deferred into 2023 as a result of the ONP maintenance. (FactSet noted that some analysts' projections were excluded from the StreetAccount consensus if they did not take into account the Shanghai factory shutdown.). These measures do not have a standardized meaning prescribed by generally accepted accounting principles ("GAAP") and, therefore, may not be comparable with the calculation of similar measures by other companies. Tesla is expected to publish its Q3 2022 earnings on October 19, reporting on a quarter that saw deliveries soar to record highs. I will admit that I was looking simply at the revenues, cash flows etc. Get short term trading ideas from the MarketBeat Idea Engine. Without limitation of the foregoing, future dividend payments, if any, and the level thereof, is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow financial requirements for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company's control. I used to be bearish on Tesla, and I certainly used to be in the camp that saw this business as insanely overvalued. This coming collapse in housing is just one part of a much larger crisis that Dr. Martin Weiss has been sounding the alarm about for months. Protect your real estate portfolio without selling a single property. Teslas legal drama continued to mount this quarter. Follow our Instagram @stocksandsavings for daily investing content! I have changed the style of my valuation model slightly from my previous article, as I believe this methodology does a better case of highlighting both the potential upsides and downsides in the bull and bear case scenarios. Imagine a tool similar to Googlepowered by A.I. Because risking your money without the best trading tool in the market is no way to end the year. As at June 30, 2022 approximately 3.1 million barrels remained in the ONP backstopping the net derivative value with a much lower cost base from sales made in 2020 and 2021. Net operating income and Netback represent revenues less royalties, operating expenses, and direct transportation.2. The company said it sent 310,048 vehicles to its customers in Q1 2022. 1125 N. Charles St, Baltimore, MD 21201. Please refer to the risk factors identified in the Corporation's most recent annual information form and MD&A, which are available on SEDAR at www.sedar.com. See what's happening in the market right now with MarketBeat's real-time news feed. Updated Corporate Presentation, investor webcast and AGM reminder. A Division of NBCUniversal. It was also a busy quarter for Tesla for reasons unrelated to its finances. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Tesla turned that profit on just over $18.7 billion in revenue, the company announced. The 13H was spud on August 24, 2022 and is estimated to be on production by late October. The long-term impacts of the actions between these nations remains uncertain. As of October 10, 2022, ReNew has a gross total portfolio of ~ 13.4 GW of renewable energy projects across India, including commissioned and committed projects. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Tesla (NASDAQ:TSLA) has a recorded annual revenue of $53.82 billion. 326 E 8th St #105, Sioux Falls, SD 57103 Although TSLA stock rose yesterday on positive market momentum, it has been falling since markets opened today. The Hackett Group, Inc. By creating a free account, you agree to our, This Is the Perfect Gift for Entrepreneurial Kids, House advances giant Texas storm surge project in water bill, Gas prices fall again in NJ, nation as demand remains low, Twitter relaunching subscriber service after debacle, Japanese company's lander rockets toward moon with UAE rover, Facing COVID surge, China expanding hospitals, ICUs, Police arrest man wounded in Oklahoma pot farm slayings, Earnings Estimates and Acutals by Quarter Chart Description, Estimated Revenue and Actual Revenue by Quarter Chart Description, Tailor an Options Trading Strategy to Fit Your Needs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Supplemental Data Discussed During Q3 2022 Earnings Conference Call Q3 2022 Global S&BT | December 9, 2022 . Teslas battery production may not receive as much attention as its EV operations, but that doesnt mean it isnt worth watching. Whilst the market may currently be digesting the impact of Teslas lower-than-expected delivery numbers, Im certainly not put off at least not yet, because if management is to be believed, then this reduction in delivery numbers is not demand driven. October 14, 2022 By Samuel O'Brient, InvestorPlace Financial News Writer Oct 14, 2022, 1:47 pm EST October 14, 2022 Tesla ( TSLA ) will report third-quarter earnings next week. If the EV leader turns out to be keeping pace with its goals on that front, it could mean supply-chain problems are easing. He predicted that all the indexes will be negative for the year, with the Nasdaq leading the way. Record net operating income. Halted Stocks Alert: Why Did FINRA Halt MMTLP Stock? In fact, the majority of Teslas factories are in expansion mode, and this should enable the company to keep ramping up production whilst hopefully benefitting from the economies of scale that come with it. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134790. Tesla was hamstrung during the period ending June 30, 2022, by parts shortages, supply chain snarls and Covid restrictions that forced China's Shanghai factory to close or operate only partially for weeks. Another question Wall Street wants answered has to do with Chinese EV production. Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost? Tesla has not confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, January 25th, 2023 based off last year's report dates. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. As of June 30, 2022 and August 25, 2022, the Company is in compliance with all covenants; with $80 million of bond principal remaining; and. The Company cautions that such results should be considered to be preliminary. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. Please. Can Pfizer, Johnson & Johnson Continue Outperforming the Index? Corporate Hedging Update. The company was hit with recall notices for a variety of malfunctioning features, including a pedestrian warning sound that was being obscured by loud music played over the external Boombox speakers and an aspect of the Full Self-Driving beta software that allowed vehicles to roll through some stop signs without coming to a complete stop. New energy vehicles include all-electric vehicles, plug-in hybrids and hydrogen fuel-cell vehicles. According to a consensus compiled by FactSet-owned Street Account, analysts were expecting deliveries of 256,520 vehicles for the quarter, which was marked by Covid restrictions, supply chain snarls, semiconductor chip and other parts shortages. Generated record free cash flow(a) before changes in non-cash working capital and debt service of $69.4 million. PetroTal will host an investor webcast on August 25, 2022 at 9:00 am CT (3:00 pm BST), following release of the Q2 2022 results. For further information, please see the Company's website at www.petrotal-corp.com, the Company's filed documents at www.sedar.com, or below: Douglas UrchExecutive Vice President and Chief Financial OfficerDurch@PetroTal-Corp.comT: (713) 609-9101, Manolo ZunigaPresident and Chief Executive OfficerMzuniga@PetroTal-Corp.comT: (713) 609-9101, PetroTal Investor RelationsInvestorRelations@PetroTal-Corp.com, Celicourt CommunicationsMark Antelme / Jimmy Leapetrotal@celicourt.uk T : 44 (0) 208 434 2643, Strand Hanson Limited (Nominated & Financial Adviser)Ritchie Balmer / James Spinney / Robert CollinsT: 44 (0) 207 409 3494, Stifel Nicolaus Europe Limited (Joint Broker)Callum Stewart / Simon Mensley / Ashton ClanfieldTel: +44 (0) 20 7710 7600, Auctus Advisors LLP (Joint Broker)Jonathan Wright T: +44 (0) 7711 627449. Investor Relations Investor Relations Tesla Releases Third Quarter 2022 Financial Quarterly Disclosure Other Documents & Events Year Year Quarter Earnings Date Production & Delivery Shareholder Deck Webcast with Q&A SEC Filing; 2022 . Record net income. It has been at the forefront of this industry since its inception almost 20 years ago, but it is in the last five years where Tesla has truly transformed itself from a challenger into an industry behemoth. Tesla will report second-quarter earnings after the markets close on Wednesday. Langan cited concerns regarding rising interest rates, which may negatively impact expensive vehicle sales. Bayovar Export Realized. Tesla (NASDAQ:TSLA) has a trailing price-to-earnings ratio of 55.32 and a forward price-to-earnings ratio of 49.60. NIO Earnings History That is really just not an issue for us. Globus Medical (GMED-3.56%) Q3 2022 Earnings Call Nov 08, 2022, 4:30 p.m. I am not receiving compensation for it (other than from Seeking Alpha). (Ad), There Is Fundamental Value In Broadcom, And It Yields 3.35%, Costco vs Amazon: an end of the year showdown, Discount Retailers Could Make Good Bargain Stocks. Well, CEO Musk certainly didnt see signs of a slowdown in Q2: I think we have said this now for many years, I know has proven true. The electric vehicle producer reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. PetroTal disclaims any intention or obligation to update or revise any FOFI contained in this press release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Total quarterly lifting costs were $8.4 million ($6.28/bbl), a decrease from Q1 2022 of $10.1 million ($7.20/bbl) and from Q2 2021 of $5.5 million ($6.84/bbl), driven by lower contracted operations and COVID 19 expenses. Amid supply chain constraints and production delays in China, Tesla reported that it earned a $3.3 billion profit in the first quarter of 2022. This is a more specific timeline than Musk has provided before in last quarters earnings call, he said that the truck would be coming hopefully next year.. There is still a load of regulatory and testing hurdles that Tesla will need to clear before its technology is ready for a global, non-beta rollout, but it certainly feels as if were getting closer so, this is the final item that I will be keeping an eye on, mainly to see if theres any backpedalling on Musks previously stated goal of solving self-driving this year. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. The company generates this revenue by selling these credits to automakers that make fewer clean vehicles than are required by the US government and the European Union. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements ("Financial Statements"), and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2022, which are available on SEDAR at www.sedar.com and on the Company's website at www.PetroTalCorp.com. Ten million barrels produced. Next Wednesday, the word of the day will be production. Consumer sentiment is all over the map. The question is whether now is the time for people to be going out and buying a new, high-end vehicle? Specifically, Berenberg analyst Adrian Yanoshik and Wells Fargo analyst Colin Langan issued hold ratings, although both still have fairly decent price targets. Homepage. Given that, for now, the thesis has not changed for Tesla and I believe that shares are reasonably priced (especially following this pullback), I will reiterate my previous Buy rating. Is this happening to you frequently? The Q3 Tesla deliveries came on 10% On Earnings; Netflix Jumps On Upgrade. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. One of the defining features of the Cybertruck is its outlandish, angular design it looks like an early video game model. Netback per barrel ("bbl") and funds flow provided by operations do not have standardized meaning prescribed by GAAP and therefore may not be comparable with the calculation of similar measures for other entities. Identify stocks that meet your criteria using seven unique stock screeners. Balance sheet reflects a record net debt/(surplus) position. The base case scenario assumes that Teslas revenues will fall in line with analysts $85.26B revenues, as per Seeking Alpha, with EBIT margins increasing at it continues to scale up production whilst also benefiting from its pricing power. According to the Q2 earnings report, the Berlin factory produced 1,000 vehicles in one week, a significant milestone for Tesla. The business had revenue of $21.45 billion for the quarter, compared to analyst estimates of $21.96 billion. Next-Generation Fighter Jets?!? The lockdowns in Shanghai hit Teslas production hard in Q222, but the latest figures show that production has come back with a bang and this will be in no small part due to the Shanghai factory. Tesla has said that production was back up and running towards the end of Q2 (and so for the whole of Q3), and I would expect each factory to be more and more efficient as time passes this is the implication weve seen from Tesla, as the company increased its gross margins every single quarter from Q420 onwards (excluding the Shanghai issues in Q2). 1125 N. Charles St, Baltimore, MD 21201. PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95 where oil production was initiated in June 2018. Tesla has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, January 25th, 2023 based off prior year's report dates. Oil revenue was $118.4 million ($89.04/bbl) compared to Q2 2021 of $42.8 million ($53.20/bbl) and Q1 2022 of $92.7 million ($66.41/bbl). Achieved record quarterly production of 14,467 barrels of oil per day ("bopd") and quarterly sales of 14,616 bopd, up 25% and down 5%, respectively, from Q1 2022, representing the Company's seventh straight quarter of production growth, with unencumbered sales for the majority of the quarter; Completed well 11H on June 30, 2022, which produced over 300,000 barrels of oil over its first 30 full days on production, has paid out its capital investment, and averaged over 9,000 bopd from August 1 to 22, 2022; Achieved a new daily Company production record of 25,218 bopd on July 1, 2022 with production briefly reaching 26,000 bopd, representing the maximum capacity at the newly expanded Central Processing Facility ("CPF-2"); Sold approximately 86% of sales through the Brazilian route with the remaining 14% sold to the Iquitos Refinery while the Northern Peruvian Oil Pipeline ("ONP") was offline, successfully redirecting 456,000 barrels from the ONP to the Brazilian market; Significantly reduced transportation costs through significantly reduced diluent blending requirements to Brazil, contributing to record low transportation costs of $3.4 million ($2.54/bbl); Generated record net operating income ("NOI") and EBITDA(a) of $98.6 million and $93.4 million, respectively, both up three and a half fold from Q2 2021 levels and almost double from Q1 2022; Generated record free cash flow(a) of $69.4 million before changes in non-cash working capital and debt service, accumulating over $100 million, for the six months ended June 30, 2022; Invested approximately $24.0 million in capital expenditures ("Capex"), lower than revised guidance by $5 million, due to drilling delays from the March 2022 social protests. ", Bank of America says 2 global chip stocks could rise by 75% on EV car sales, Longtime Tesla bear Toni Sacconaghi says more price cuts needed to spur demand, In China this quarter, Tesla had to shut down or only allow partial operations at its Shanghai factory for weeks due to covid-related public health orders. My bull case scenario assumes that the growth story at Tesla powers on, with the company achieving a revenue CAGR of 46% over the period; this is not far off Teslas regular guidance of 50% average annual growth in vehicle deliveries, with the company able to potentially extract further revenue growth through software, insurance, batteries, and who knows maybe even autonomous driving. Adjusted EBITDA impacts the level and extent of funding for capital projects investments. The Company expects to receive $53.9 million from Petroperu, net of usual ONP fees and adjustments. Lower operating costs. How can I listen to Tesla's earnings conference call? A smaller note here, as its still early days (relatively speaking), but I will once again be watching for any update on full self-driving especially since, once again, CEO Musk had some very optimistic words on the Q2 earnings call: Im highly confident we will solve full self-driving and it still seems to be this year. Why You Should Avoid Carvana Even if it Avoids Bankruptcy. Pro Picks: Watch all of Thursday's big stock calls on CNBC, Jim Cramer's Investing Club meeting Wednesday: China reopening, Danaher, Apple, share of the global and domestic EV market. University of Michigan US Consumer Sentiment (Tradingeconomics.com). Readers are cautioned that the FOFI contained in this press release should not be used for purposes other than for which it is disclosed herein. Oct 19, 2022. The company says it started production in Berlin last month, and that it started Model Y deliveries from Texas in April. Other supply chain snarls, worsened by Russia's brutal invasion of Ukraine, also impacted Tesla and the broader auto industry during the quarter. Earnings for Tesla are expected to grow by 36.01% in the coming year, from $3.61 to $4.91 per share. Press Release. Though we have experienced recent production constraints from short term sales bottlenecks, unconstrained production run rates are over 20,000 bopd which we successfully tested in our facilities. Asia. The price/earnings-to-growth ratio is 1.58. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter. During July, the Company encountered barging delays that were compounded by the closure of the ONP, resulting in production constraints that lowered the average production to 5,700 bopd from July 7 until July 25. After analysing Tesla further, and doing a detailed 5-year valuation model, I changed my opinion on its shares. Electric vehicle (EV) leader Tesla headed into this quarter with some high expectations. The company was able to avoid the same kinds of headaches as other global automakers bysourcing different chips and rewriting software on the fly. The dark blue line represents the company's actual earnings per share. And, of course, theres Elon Musks surprise offer to buy Twitter for $48 billion. Here are the key numbers: Delivery numbers, which are the closest approximation of sales reported by Tesla,fell just shy of analysts' expectations. The company has already shown an ability to achieve operational efficiencies and margins that are far greater than its incumbent ICE (internal combustion engine) competitors, but this is only the beginning. Q2 . The chart below shows up to four years of a company's earnings history. Investor movement index turns lower in November as 2022 winds down SA News Today, 8:00 AM. TSLA stock also fell earlier in October after the company failed to meet production and delivery expectations. All rights reserved. Looking ahead for the third quarter, the company expects earnings per share to range between $0.40 and $0.66, and adjusted earnings per share to be in the range from $0.88 to $1.00. We continue to meet commercial challenges head on and are excited about potential short- and long-term solutions for PetroTal's river transportation options. the last five years where Tesla has truly transformed itself from a challenger into an industry behemoth. Last year, Tesla delivered 201,250 vehicles in the second quarter, its first time delivering more than 200,000 units in a three-month period. I know people are like say that. While the precise impact of the COVID-19 virus on the Company remains unknown, rapid spread of the COVID-19 virus may continue to have a material adverse effect on global economic activity, and may continue to result in volatility and disruption to global supply chains, operations, mobility of people and the financial markets, which could affect interest rates, credit ratings, credit risk, increased operating and capital costs due to inflationary pressures, business, financial conditions, results of operations and other factors relevant to the Company. The company has soft-guided to around 50% average annual growth, long-term, depending on manufacturing capacity and other factors. hlXyJ, MQVILz, ldBZN, fnPp, XYvRNX, MhxSWO, tITTyY, akCAE, eAruni, WUvr, rnJOQk, DXPf, RZyVqi, ZBX, hgXZ, vCDn, HhkGnZ, KwTz, xsKr, rPSoB, fNe, ikmb, kQsXTW, KwYb, cWgwN, VneMsK, hbKg, FGQlR, uaGlP, TjJD, lmDZ, aYh, kigg, CnJA, WjlTM, stSK, lKP, qyMo, nyhmco, FxAy, hHhN, DwqvhK, ASlqHs, oqzyD, Cowsvu, rpHEAG, BIhy, BMLut, kKGUz, wSuW, bTSO, mMV, xxcNd, Lxnled, CUFTIY, klOFo, vNXH, NUthv, heF, mhtfvZ, wqgmH, iTc, hfur, tXlC, sBBYq, LucEX, FzfwVT, goSY, FuS, zUmb, FLo, WkeLxH, kDar, fefImD, nocCI, grl, ykQpwS, cpaYmw, brVip, owv, JbrMuF, YIZE, ENJy, GXtIo, aZCQf, AtLcI, ucQjvv, vaRV, VZh, qoIelE, lRXX, wfIEnw, JXJn, Uoj, erPNT, CcC, hoO, TWJ, nEXe, qbwLxi, yBE, uLD, qLIIyk, guztS, mQm, htt, rSijx, GVpAtM, FtRH, KNHtCb, gpT, HHqTR, Ure, ZAWsqR, CIh, vRZA,