by Amruth Sundarkumar | Apr 21, 2022 | Corporates
Tesla reported record Q1 2022 results. Adjusted net income stood at $3.7bn, over 3x YoY and 30% higher than the previous record of $2.9bn it posted in Q4 2021. Tesla also reported record automotive gross margins of 32.9% vs. 26.5% during the same period last year and...
by Amruth Sundarkumar | Jan 27, 2022 | Corporates
Boeing reported its third consecutive annual loss, at ($4.3bn) for 2021 vs. ($11.3bn) in 2020. For the fourth quarter, net losses were at ($4.2bn) vs. ($8.4bn) during the year ago period. Revenues for the quarter were up 3% YoY to $14.8bn while annual revenues climbed...
by Amruth Sundarkumar | Jan 26, 2022 | Corporates, Credit Ratings
Tesla was upgraded two notches to Ba1 from Ba3 by Moody’s with a positive outlook. The rating is based on the view that Tesla will maintain its position as the leading manufacturer of battery EVs while rapidly continuing to increase its scale and improving...
by Amruth Sundarkumar | Oct 25, 2021 | Corporates, Credit Ratings
Tesla was upgraded to BB+ from BB by S&P, putting them just a notch away from an investment grade rating. Despite near-term bottlenecks like the semiconductor shortage and supply-side issues in the industry, S&P expects Tesla’s vehicle deliveries,...
by Amruth Sundarkumar | Oct 21, 2021 | Corporates
Tesla reported a solid quarter with net income of $1.6bn, up 4.9x YoY and total revenues of $13.8bn, up 57% YoY. Tesla also reported record operating margins of 14.6% saying that they “continue to reduce cost at a higher rate than declines in ASP (Average...
