Big bottom line beat.
Earnings:
- non-GAAP EPS: $2.27 vs $1.80 forecast;
- non-GAAP revenue: $16.9 billion vs $17.1 billion beat
- vehicle prices are up 25% to 30% from a year ago, automotive margins compressed for the quarter to 28%
- previously: margins were 33% in 1Q22
- a slightly disappointing delivery figure of 254,695 EVs for 2Q22
- the company sold 75% of its position in Bitcoin: total Bitcoin sales, $936 million
- shares up nicely for the day
No comments:
Post a Comment