Tesla, Inc. (TSLA) Q3 2022 Earnings Call Transcript

Oct. 19, 2022 10:14 PM ETTesla, Inc. (TSLA) StockTSLA3 Comments
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Q3: 2022-10-19 Earnings Summary

EPS of $1.05 beats by $0.05
 | Revenue of $21.45B (55.95% Y/Y) misses by $428.34M

Tesla, Inc. (NASDAQ:TSLA) Q3 2022 Results Conference Call October 19, 2022 5:30 PM ET

Company Participants

Martin Viecha - VP, IR
Elon Musk - CEO
Zachary Kirkhorn - CFO
Andrew Baglino - SVP, Powertrain and Energy

Conference Call Participants

Adam Jonas - Morgan Stanley
Colin Langan - Wells Fargo
Colin Rusch - Oppenheimer
George Gianarikas - Canaccord
Pierre Ferragu - New Street Research
Toni Sacconaghi - Bernstein
William Stein - Truist

Martin Viecha

Good afternoon, everyone and welcome to Tesla’s Third Quarter 2022 Q&A Webcast. My name is Martin Viecha, VP of Investor Relations and I am joined today by Elon Musk, Zachary Kirkhorn and a number of other executives. Our Q3 results were announced at about 3:00 p.m. Central Time in the update deck we published at the same link as this webcast.

During the call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC. During the Q&A session portion of today’s call, please limit yourself to one question and one follow-up. Please use the raise hand button to join the question queue.

But before we jump into Q&A, Elon has some opening remarks. Elon?

Elon Musk

Thank you, Martin. So just to do a Q3 recap. Q3 was another record quarter on many levels. We had our industry-leading operating margin reach 17%. And our free cash flow surpassed $3 billion in Q3 and approached $9 billion in the past 12 months. As our factories ramp, we’re looking forward to a record-breaking Q4. So it really, knock on wood, looks like we’ll have an epic end of year. So, Q4 is looking extremely good.

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