Listen to Elon Musk’s amazing Q3 2020 Tesla Earnings Call and expert analysis

-

-Advertisement-

Tesla just scored another profitable quarter, actually the 5th consecutive one. The times have gone when TSLA bears challenged the automaker to turn a profit, not anymore.

Tesla CEO Elon Musk conducted the Q3 2020 Tesla Earnings Call with joy and excitement as he announced a historic quarter. Money things aside, Tesla actually delivered a ton of new advancements on the technology front as well demonstrated on Battery Day and Full Self-Driving Beta release.

Looking at the Operational Summary below, Tesla has made a quantum leap in Tesla Model Y and Model 3 production and deliveries. The Model 3/Y production grew by 69% QoQ and 60% YoY compared to Q3 2019.

Tesla Q3 2020 Operational Summary. Tesla Model S, 3, X, Y production and delivery numbers and Tesla Energy production stats.
Tesla Q3 2020 Operational Summary. Tesla Model S, 3, X, Y production and delivery numbers and Tesla Energy production stats. Source: Tesla (TSLA) investor relations website.

Besides Tesla’s achievements in vehicle production and deliveries, the Tesla Energy department also did well in Q3 2020. Tesla saw a massive growth of 111% QoQ & 33% YoY in Solar and a surge of 81% QoQ & 59% YoY in energy storage deployment. Major thanks to one of the world’s largest energy projects Tesla is doing in Moss Landing, Calfornia.

Our friends over at CleanTechnica recorded the Tesla Q3 2020 Earnings Call and made it available on their YouTube channel, let’s listen to Elon Musk and other executives from Tesla discussing Q3 and answering the tough questions.

Tesla (TSLA) Q3 2020 financial summary.
Tesla (TSLA) Q3 2020 financial summary. Source: Tesla investor relations website.

Fiat Chrysler’s regulatory credits had their fair share in Q3 2020 profits. Tesla sold $379M in regulatory credits added to the revenue, this is almost double the number of credits compared to last year’s.

The growth of Tesla Energy with 57 MW of solar and 759 MWh of energy storage added $579M into Tesla’s revenue stream. This is over-delivery from even the most bullish estimates, Tesla is just crushing the best of expectations even.

Tesla’s gross automotive gross margins excluding regulatory credits stood at 23.7%. This is a 5% point increase compared to Q2 2020 — again a tremendous achievement by Tesla. Although Q2 was plagued by the COVID-19 situation, Tesla’s gross margin even grew past Q1 2020’s figure of 20.0% ex regulatory credits.

Rob Maurer of the Tesla Daily podcast analyzed the Tesla Q3 2020 numbers in much detail in his episode titled Why Tesla Dominated Q3.

– Sponsored –

Stay tuned for more and more Tesla news, videos, and updates, follow us on:
Google News | Flipboard | RSS (Feedly).

Related Articles:

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Author of more than 1500 articles on Tesla, SpaceX, and EVs. His work has been liked and tweeted by Elon Musk and other prominent influencers. You can reach him on Twitter @IqtidarAlii

Latest News

Red hot Tesla Cybertrucks welcome Elon Musk and President Trump in Qatar (videos)

After getting a warm reception at the Doha airport by the Emir of Qatar, Sheikh Tamim bin Hamad Al...

Tesla (TSLA) regains $1 trillion market cap, Musk to bring Optimus robot dance troupe to the Shareholder Meeting

Tesla (TSLA) has once again topped the $1 trillion market capitalization mark with this week's spur in the company's...

Elon Musk shows Optimus dance moves to President Trump and the Saudi Crown Prince, Tesla (TSLA) releases new videos, more

Tesla (TSLA) CEO Elon Musk was in Saudi Arabia yesterday. He accompanied President Donald Trump to attend the 2025...

Tesla rolls out FSD v13.2.9 with Spring Update 2025.14.6, fixing the TCU issue

Tesla (TSLA) brings smiles on the faces of its customers waiting for a Full Self-Driving (FSD) software update for...
- Advertisement -

Flight 9 Starship is headed for another static fire test, expected launch schedule, more

SpaceX has moved Starship prototype 35 (Ship 35) to the Starbase, Texas launch site in preparation for the upcoming...

SpaceX Starship now has its own city—Starbase, Texas (election results)

Today, it was the election day at Cameron County. Ballots for Starbase incorporation as a Texas city and its...

SpaceX accelerates Starship Gigabay development in Florida, OLM construction makes progress, more

Elon Musk's spaceflight and astronautics company SpaceX is accelerating the Starship program in Florida as well. SpaceX is building...

Tesla Tips & Tricks

Get your Cybertruck tonneau cover fixed by Tesla as a free waterproof upgrade

Tesla (TSLA) is asking owners of the Cybertruck to...

Cybertruck update 2025.2.9 fixes the oil pump failure issue

Tesla (TSLA) started deploying the OTA update software version...

Tesla Quarterly Reports & Eearnings

Tesla (TSLA) surges after Q1 2025 Earnings Call, Musk’s time at DOGE to drop significantly soon

Surprisingly, after reporting negative Q1 2025 automotive and overall...

What to expect from Tesla (TSLA) Q1 2025 Earnings Call with Elon Musk

Today's Tesla (TSLA) Q1 2025 Earnings Call is probably...

Tesla (TSLA) announces time and date of the Q1 2025 Earnings Call

Elon Musk's electric vehicle and energy storage company Tesla...
- Advertisement -

You might also likeRELATED
Recommended for You