CEO Elon Musk said past year that he expects "positive net income and cash flow" in the fourth quarter.
During Wednesday's fourth-quarter earnings call, Musk shared more about the newest electric vehicle to complement the Model S, X, and 3 cars.
Musk predicted that 2019 would be "an fantastic year for Tesla", and that the days of Tesla reporting losses are in the rear-view mirror.
Wall Street is expecting profits to fall compared to last quarter.
The company announced this month it would cut seven percent of its workforce in a push to lower the price of its Model 3 to keep it affordable, especially as United States subsidies for electric cars are phased out.
In the fourth quarter, customer deposits decreased by $113 million from the prior quarter to $793 million.
FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018.
Bullish Tesla analyst Colin Rusch of Oppenheimer told clients Monday that "Model 3 demand, production, and margin" will be the primary drivers of the stock this year.
Tesla reported its cash position improved by about $1.5 million during the quarter even as it repaid $230 million in convertible notes. "The demand for Model 3 is insanely high".
"The real surprise in fourth quarter" was the free cash flow, which tracked a much stronger US$910 million vs JPMorgan's US$349 million and consensus US$412 million. Total fourth-quarter production grew 8% from the third quarter to 86,555 vehicles.
"Tesla serves the objective of a "stalking horse" to the fast growing domestic Chinese EV industry, but we believe it has limited to zero terminal value in a region where a number of domestic champions should emerge", Morgan Stanley analysts said.
Tesla Inc's chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019. Tesla's staff had increased by 30% in 2018, which Musk said was more than the company could support as it seeks to reduce costs.
Chinese consumers are still fundamentally very strong and consumption is going to grow over the next 5 to 10 years, he added. Chinese consumers are spending strongly despite an economic slowdown, the chief executive of Alibaba said yesterday.
During Burke and Ovejero's tenure, the top two jobs in the Vatican press room were, unusually, held by non-Italians. Politics is not reserved just for those who rule but must involve everyone, Pope Francis said Tuesday, January 1.
Her final episode saw her character tie the knot with Mike Ross, played by Patrick J Adams who also left the show. The new Duchess Of Sussex , who is American by birth, is allegedly too independent for the palace's comfort.
In this walkthrough we'll take you through the best reasons to try the iOS 12 .2 beta on an iPhone, iPad, or iPod touch. We're still a ways off from the iOS 13 release date, and the beta of iOS 12 .2 shouldn't be seen as an alternative.
There have been no new offers". "For our players, I want their full focus even if we know the market is still open until the 31". If Gueye is to leave Goodison Park before tomorrow's deadline, any potential deal is set to go right to the wire.
Renault owns about 43 percent of Nissan with voting rights, while Nissan has a 15 percent non-voting stake in Renault. Nissan said on January 30 it sold 5.65 million vehicles last year, down 2.8 percent on the year.
For the last few months we've heard rumors about a new iPad Mini for 2019, while word of a new iPod Touch is a surprise for many. Data stemming from iOS 12 .12 beta suggests that Face ID authentication may not be supported with the new iPad and iPad mini .
The development came on the same day Homeland Security Secretary Kirstjen Nielsen visited the San Diego border crossing. A Mexican official, speaking on condition of anonymity, also said the first group would be sent across on Tuesday.
Espanyol had Marc Roca sent off stoppage time for second booking before Betis scored twice through Sergio Leon and Aissa Mandi. Two minutes later, Sergi Roberto extended the home side's cushion further after sweeping home a well-weighted pass from Messi.
Krish has accused Ranaut of hijacking the filmmaking process even though he had been brought on as solo director. Krish said that he had to defend his filmmaking abilities because of the lies of Kangana Ranaut .
Chad Ochocinco Watched The Roger Stone Arrest Go Down
Stone was charged with lying about his efforts to leverage Russian-hacked emails damaging to Hillary Clinton's 2016 election bid. Stone still possessed many of those communications when he gave false testimony about them, prosecutors said in the indictment .
Howe delighted as Bournemouth thrash Chelsea
But for Chelsea fans, fortunately, they can continue singing "Hudson-Odoi, we want you to stay" for a few more months at least. But 45 minutes of largely listless possession and a second-half collapse brought the naysayers to the fore.
Battered by wildfires and scandals, PG&E files for bankruptcy
Wildfire victims have little chance of getting punitive damages or taking their claims to a jury in a bankruptcy proceeding. Legal experts say the bankruptcy will likely take years to resolve and will result in higher rates for PG&E customers.