Tesla’s (NASDAQ:TSLA) first-quarter earnings call comes at a pivotal point for the electric car maker. Following a record-setting Q4 2018 that saw new highs for production and deliveries, Q1 2018 saw a drop in the company’s vehicle production and deliveries. Since then, the stock has been weighed down as reservations emerged about the company’s capability to sustain its profitability, which it attained in the third and fourth quarter of 2018.
Tesla announced a net loss of $702 million for the first quarter, translating to a loss of $4.10 per share. The company also listed $4.5 billion in revenue, which is below Wall Street expectations.
For today’s earnings call, Elon Musk and Tesla’s executives are expected to address questions surrounding the company’s financial standing and its capability to pursue its ongoing projects such as Gigafactory 3 in China and the Tesla Pickup Truck, among others. Questions from retail investors aggregated by investor communication firm Say are also expected to be included in the Q&A session.
The following are live updates from Tesla’s Q1 2019 earnings call. Fellow Teslarati reporter Dacia Ferris and I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story.
Simon 15:35 PT: And that’s a wrap. Thanks for joining us on this Live Blog of Tesla’s Q1 2019 earnings call, everyone! Check out our coverage of Tesla’s Q1 2019 Update Letter here too, for more details on the electric car maker’s performance in the first quarter.
Dacia 15:32 PT: Thanks everyone! Let’s decide on a new soundtrack to rev up while waiting for next earnings call, shall we? I went down the 90s rock YouTube hole today. Open for better ideas. #justsaying
Simon 15:30 PT: Gigafactory 3 will likely be a huge piece in the Tesla puzzle. Elon Musk notes that by the end of the year, Tesla is aiming for a production rate of around 1,000 Model 3 per week, or maybe even 2,000 per week. “We expect multiple battery suppliers for Shanghai Giga,” Musk said, responding to a question about battery partners for the upcoming facility.
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Dacia 15:30 PT: Elon says he gets daily photos of the Gigafactory 3 progress in Shanghai. “It looks like we’ll reach volume production by the end of this year…that’s what it looks like right now. If it’s not then, it will be shortly thereafter.”
Dacia 15:29 PT: “Our goal is the make our cars as affordable as possible,” Elon responds to a question about the logic of the pricing changes during the quarter. “The $39,500 Model 3 just really hit the sweet spot,” he says, referring to sales of the $35,000 Model 3.
Dacia 15:26 PT: “The upgraded powertrain for the S,X was at a significant cost down,” Elon says about the recent refresh. They took parts from the Model 3 that were highly efficient.
Dacia 15:25 PT: A Battery Investor Day in the future? “I think we’ll have another autonomy day later this year to go over cell and battery development in greater detail,” Elon says in response to a question on future chemistry and form factor changes in batteries.
Dacia 15:24 PT: Adding on Tesla Model Y reservations. “People read too much into this…we aren’t playing up the Model Y because it isn’t in production. You can’t read too much into it,” Elon notes as he responds to longtime TSLA bear David Tamberrino from Goldman Sachs.
Simon 15:24 PT: On Model Y reservations. “We’re not playing up Model Y because it is not in production,” Elon Musk says. “We don’t comment on future price changes,” he adds.
Dacia 15:22 PT: “Sales to a country overseas are affected by when the ship arrives,” Elon explains, citing that delays make it seem like something is wrong, when its just the ship schedule. GDP fluctuations resulting from ship deliveries are not accurate measures, he reiterates.
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Dacia 15:20 PT: “We will continue to ADD stores in locations that are no brainers and close them…where the foot traffic doesn’t fall below the cost of having the store,” Elon admits and explains. People misunderstood “all sales online” to mean “all stores are closing.” I’ll admit, I thought that, too at first.
Simon 15:19 PT: On Tesla store closures. “I think Tesla is specifically didn’t handle the messaging of that well. We certainly will continue to have stores, and we will continue to add stores, provided that they are in locations with high foot traffic, and in areas with people with our target market. We will close stores where they are incredibly hard to find, and where foot traffic of potential customers is low. I think it’s just common sense,” Musk said.
Dacia 16:15 PT: “Tesla today is a far more efficiently operating organization than we were a year ago,” Elon doubles down on not needing additional capital. He says technically they did raise some capital for Gigafactory 3 in Shanghai.
Dacia 15:14 PT: “I don’t think raising capital should be a substitute for making the company work more effectively…we should be frugal with capital…. We need to be on a Spartan diet… It’s not the right time to raise capital,” Elon says on whether Tesla would be better served by better cash flow with raised capital. “I don’t think capital has been a constraint on our growth so far…I would have raised capital if I thought so,” he adds.
Dacia 15:10 PT: “There really do seem to be different market segments,” Elon says in response to a question about Model 3 cannibalizing Model S and X. Owners really just want to replace the car they have, not buy M3 over Model S,X, he concludes.
Dacia 15:08 PT: “I would prefer we were private,” Elon admits. He cites Warren Buffett, saying having a public company is like having someone stand outside your home and shout its price/value every day. He nonetheless admits that he does not have a solution for the issues that come from public company pressures.
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Dacia 15:05 PT: On Full Self-Driving safety, Tesla will keep reporting their findings and numbers at “a broad brushstroke level”…”We do give some information to insurance companies to reduce rates,” Elon says, meaning FSD safety data to lower auto insurance rates for Tesla owners.
Dacia 15:03 PT: “We think it is important to unwind this wave [of deliveries] because it ends up being optimizing for one quarter but adding a lot of difficulty and not a great experience for customers,” Elon says. “We did adjust our pricing in Q1 which puts pressure on our margin,” Kirkhorn adds. Once all the unwinding is done, they feel confident profitability will return in Q3.
Simon 15:03 PT: Tesla appears to have absorbed the blows in the first quarter to ensure that the following quarters will be smoother. A return to 100k/year for Model S and Model X appears to be in the future.
Dacia 15:01 PT: On questions about weak demand in US — Elon sees demand returning to normal in the near future. “I don’t have a crystal ball…my impression is demand is quite solid,” he says. Retooling decreased production in Q1…ramping back up in Q2. “We will exit Q2 in higher production than Q1 on the S,X,” Kirkhorn chimes in.
Dacia 14:58 PT: “I’m a fan of tents, like real, hardcore tents. Not Boy Scout tents (which are fine),” Elon says, referring to adding space for Model Y production at Fremont. He’s confident they’ll find the space for it (not necessarily confirming it will made in tents).
Dacia 15:56 PT: “The SR+ Model 3… is just an incredibly compelling vehicle,” Elon touts. The upgraded S,X — it’s kind of a game changer. We are out of the Q1 winter hangup for new car sales (people don’t like buying cars in winter), all positive factors for the future, he says. “Overall, I feel pretty good about where things are headed.”
Dacia 15:54 PT: On Model Y production: Model Y production location being decided soon, per Elon. Close call between Nevada or Fremont. Decision in next few weeks.
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Simon 14:54 PT: On the Tesla Semi, Elon Musk and Jerome Guillen note that the prototypes of the all-electric long-hauler are performing great. Production will likely be on Reno, NV. “The prototypes are working amazingly well,” says Elon.
Dacia 15:53 PT: How soon will owners get the new FSD upgrade? Elon said there’s no need for it for 2-3 months. Features will then be released that will have use for the FSD.
Simon 14:51 PT: Some questions from retail shareholders are addressed. The company notes that it is just waiting for the necessary approvals from the SEC with its Maxwell acquisition. On Tesla’s own insurance program, Elon says yes, the company will be rolling out one, hopefully in a month. “It will be much more compelling than anything out there,” Elon Musk said.
Dacia 15:45 PT: Model 3 growth margin declined slightly – pricing adjustment and product offering mixup both part of that decline, per Kirkhorn. Our product lineup has a good deal of excitement.
Simon 14:44 PT: The CFO notes that in spite of the launch of the Standard Range Model 3, a significant portion of Model 3 orders in the United States still correspond to the Long Range versions of the vehicle.
Dacia 15:43 PT: “The global expansion of Model 3 was a huge theme within the quarter,” Zachary Kirkhorn, Tesla’s new CFO begins his comments. Two key themes he cites: On the cash front $2.2 billion ending balance, reduction from payment of convertible note which was investment into service and systems; Q1 challenges aren’t expected to continue, and cash balance will increase.
Simon 14:41 PT: Zachary Kirkhorn, Tesla’s new CFO takes the floor. He describes how the first quarter of 2019 was a complex time for Tesla’s finances. Tesla is tracking in April the largest amount of deliveries in the company’s history.
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Dacia 15:40 PT: – Elon now touts the Model S, X upgrades that were just released last night, highlights the free Ludicrous Mode upgrade for loyal customers. Motor Trend test drove the enhanced Model S from SF to LA on one charge – Elon compares it to a gas powered car, citing Model S’s superiority.
Simon 14:38 PT: Elon emphasizes that Model 3 international ramp is only beginning. He also mentions the improvements for the Model S and X, which include adaptive suspension, better range, and better charging speeds.
Dacia 15:38 PT: “We believe over time, we will be the best selling premium car in the world…In March we set a record for the highest car sales, period,” Elon says. He sounds positive, despite the report. Cites people paying more for a Model 3 than they’ve ever paid for another car because they **want** one.
Dacia 14:33 PT: “We believe we’ll have the most profitable autonomous taxi on the market,” Elon Musk says. Half of all deliveries occurred during the final 10 days of Q1, “which was an insane undertaking, basically,” he adds.
Simon 14:34 PT: Elon Musk takes the floor. Elon discusses Tesla’s Autonomy Day and reviews the points outlined during the event. Elon also discussed “good challenges” in Q1, particularly in terms of Model 3 deliveries in Europe and China. Highlights that half of Q1’s deliveries happened in the final 10 days of Q1 2019.
Simon 14:31 PT: And we are starting. No Elon Time today. Tesla Senior Director, Investor Relations Mr. Martin Viecha takes the floor.
Simon 14:30 PT: Welcome to our live blog for Tesla’s Q1 2019 earnings call. The electric car maker posted a loss of $702 million in Q1, which missed Wall Street estimates. It will be interesting to see how Elon Musk and Tesla’s other executives address these updates in the upcoming Q&A session.
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Dacia 14:30 PT: Well, it’s said in some circles that when Tesla releases an earnings report late…it’s not gonna be happy news. Theory holds up today, but profitability is expected in Q3. We’ll see what Elon decides come then.
Elon Musk
SpaceX Starship just nailed something it’s never done before
SpaceX’s Starship flew successfully Friday, landing both stages and deploying its first Starlink V3 satellites.
Starship’s thirteenth test flight delivered exactly what SpaceX needed with a clean liftoff, two successful stage recoveries, and the first real payload the vehicle has ever carried to space. Booster 20 and Ship 40 lifted off at 5:51 p.m. CT from Starbase, and by the time the mission wrapped roughly an hour later, both halves of the rocket had done exactly what they were supposed to do.
Booster 20 separated from Ship 40 a few minutes into the flight and stuck a controlled splashdown in the Gulf of Mexico about six minutes after liftoff. That is a meaningful turnaround from Flight 12 in May, when the booster lost several engines during its boostback burn before a hard water landing attempt.
Starship as seen from Starlink satellites pic.twitter.com/e2hvfmnewh
— Elon Musk (@elonmusk) July 25, 2026
Starship 40’s performance was arguably the bigger win. The vehicle deployed the first 20 operational Starlink V3 satellites Starship has ever carried, then flew a suborbital arc to a landing in the Indian Ocean that SpaceX commentator Dan Huot called the company’s softest splashdown yet. “This is a dream scenario for this team that’s trying to get this heat shield data,” Huot said on the live broadcast, according to Space.com’s live coverage. “I’m a little over the moon right now. Wow. Lucky number 13.”
Unlike the mass simulators SpaceX flew on Flight 12, these were production Starlink V3 satellites, meant to extend solar arrays and antennas and attempt to link with the broader constellation before reentering minutes later. Getting real hardware through a full deploy sequence on only the second flight of the V3 generation keeps Starship on schedule for the payload work NASA is counting on for future Artemis lunar landings.
What an awesome launch, really seems like everything went super well and it was all incredibly smooth.
SpaceX is awesome. Very interested to see how the market will respond on Monday pic.twitter.com/KSHmyBfV55
— TESLARATI (@Teslarati) July 25, 2026
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— TESLARATI (@Teslarati) July 25, 2026
The flight also arrives at a moment when SpaceX needed a win. SPCX has traded below its $135 IPO price since mid-July, as Teslarati reported when the mission slipped to Friday, and short interest has climbed to roughly a third of the tradable float. A clean flight will not fix a balance sheet, but it does answer the one question SpaceX absolutely needed answered this week: whether the fixes made after the July 16 abort would hold up under real flight conditions. They did, on both stages, on the first try after the redesign.
SpaceX has not set a target date for Flight 14, though the company has said it wants to push toward an orbital attempt on the next mission. After Friday, that goal looks a lot more within reach.
Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.
Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to Bloomberg. Shares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.
Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.
However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.
S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.
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Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.
Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.
At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
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Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Tesla Summer Update begins rolling out: a look at the new features
Tesla briefly offered this Robotaxi part for your personal car
