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Tesla revenue up but automotive margins decline – here’s what it means

Published

2 years ago

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Elon Musk confirms Tesla car prices are on the rise

Tesla has reported its quarterly earnings after the bell on Wednesday, with the results sending stock slightly higher, but it’s not all good news

The EV maker also saw a decline in automotive margins.

They came in at around 27 per cent, down from almost 33 percent last quarter, with experts blaming inflation and greater competition for key components required for electric vehicles.

Automotive revenue was the biggest earner, bringing in $14.6 billion of the company’s total revenue.

Just under 1.5 billion came from services, while $866 million was made through the company’s energy segment.

Tesla generated $344 million in automotive regulatory credits revenue, which is a $10 million or nearly 3% decline from the same period in 2021.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Will Australia’s foreign investment rule create an economic boost?

Published

5 days ago

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May 8, 2024

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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7 days ago

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May 6, 2024

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Money

Why “stagflation” will be the greatest financial threat of 2024

Published

7 days ago

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May 6, 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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