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Wednesday, 27 January 2021 21:48

Tesla Releases Q4 FY 2020 Results: Record Deliveries Bring Record Profits

Written by Simon Alvarez, Teslarati

Index

...declined 11% YoY as the product mix shifted from the Model S and Model X to the Model 3 and Model Y. 

 

Earnings Per Share

 

Tesla shareholders saw non-GAAP earnings per share of $0.80 in the fourth quarter. In comparison, Wall Street consensus expected Tesla to report a gain of $1.04 per share. Estimize’s numbers were a bit more optimistic at $1.08 per share. 

 

Cash

 

Tesla’s operating cash flow less CAPEX stands at $2.8 billion in 2020. The company’s war chest was also bolstered to $19.4 billion in the fourth quarter. Free cash flow in Q4 also stands at $1.9 billion.

 

Profitability

 

For the full year 2020, Tesla posted a $721 million GAAP net income, $2.5 billion non-GAAP net income. GAAP net income for the fourth quarter stands at $270 million, while non-GAAP net income for Q4 2020 stands at $903 million.

 

We thank Teslarati for reprint permission. 

 

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