Friday , July 19 2019
Home / portugal / Tesla: The best-selling premium car in the US is back American (and electric) | Real estate management

Tesla: The best-selling premium car in the US is back American (and electric) | Real estate management



Tesla's controversial boss defines 2018 as the "hardest", but in a market letter that tracks the results of the fourth and final quarter, posted on Wednesday evening, the car electrician's leadership prefers the adjective: "decisive". And you can thank the car that cost so much to be born, model 3, but helped the California company to close the year in beauty: Revenues grow, Q3 closes with profit (this is only the fourth time this happens), a stable margin, cash flow for climb and model premium the best-selling in the US in 2018. "This is the first time in many decades that the American manufacturer has managed to keep the first place", he notices a letter.

In financial terms, the result is lower than what the most optimistic market analysts expected. And the price of the company, which was closed on Wednesday by 3.80%, immediately reflected that outcome, dropping by 2% in the first minutes after the end of the Wall Street. The rejection will be further emphasized after, at the end of the Profit Presentation Conference, announced the departure of Chief Financial Officer Tesla.

Given the quarterly bills reported in October 2018. The last part of the year allowed an increase of $ 230 million in revenue from car sales, from 6098 to 6323 million dollars. This is a 4% consecutive increase, but in a similar way, the result turns to a shine of 134%, compared to 2700 million in the last quarter of 2017.

Including other activities (energy, batteries, and services), total revenues amounted to $ 7225 million, an increase of $ 400 million compared to $ 6,824 million in the previous quarter.

The margin fell from 25.5% in the third quarter of 2018 to 24.7%, reflecting the growing difficulties faced by the company, resulting in two technical surpluses last year announced in December, producing 91,000 cars in the quarter, 63,359 model 3, which will be in the European market in February.

Although the market was already expecting another quarter of profits, given the reported figures – this amount was $ 139 million (311 million in the previous quarter) – this announcement of the results was highly anticipated because within a month Tesla sees a bond loan with securities that can be converted into shares, launched in 2014, worth $ 920 million.

This is the largest part of the debt whose payments Tesla ever faced. But according to the letter, shareholders and investors can rest. "In our hands, we have enough money to settle the obligations that were due in March 2019.", says the statement.


Accounts made, the company sold about 140,000 models in the US in the year 2018, more than 115,000 Lexus RXs, which were in second place, a great distance from the Audi Q5 and Mercedes GLC, which sold about 70,000 units. Tesla notes that she herself ensures growth in the domestic market of electric vehicleswhich still accounts for only 2% of the volume, but for the first time in the fourth quarter of 2018, the sales level of 100% of the electricity sales was higher than the hybrid sales in the United States.

This shows that in the United States, a power drive with relative ease wins old middle-to-high power ranges with an internal combustion engine. For the 2019 issue, can Tesla retain this advantage without the tax credit that the Washington government decided to cut by 50% this year.

By the end of 2019, Tesla expects that Model 3 will also be built in China at the Giga 3 factory, which is being built in Shanghai. It's a big investment, something that the company is already accustomed to and is typical of a car builder founded just 15 years ago. In 2018, the investment amounted to $ 2240 million.

To meet domestic demand and the first European buyers of model 3, The Freemont plant is expected to grow to a week's production of 7,000 units.


Source link