Tesla (TSLA) IR Sent an E-Mail on Friday Suggesting a Q2 'Beat'

July 26, 2021 1:10 PM EDT
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On Friday and ahead of today's earnings report after the close, Tesla (NASDAQ: TSLA) IR Director, Martin Viecha, sent out an email with "company compiled Q2-2021 and FY2021 consensus of sell-side analysts." The numbers differ slightly from consensus numbers published by others.

Specifically, the e-mail notes the average revenue consensus is $11.444 billion. This compares to the Refinitiv consensus of $11.21 billion.

On non-GAAP EPS, the email states the average consensus is $0.94. This compares to the Refinitiv consensus of $0.96.

On deliveries, the company is stating the average consensus is 199,161 Model 3 and 1,890 Model S/X deliveries, for a total of 201,051 vehicles delivered.

Commenting on the development, bearish Tesla analyst Gordon Johnson notes that this is the "first time they’ve done this that I can remember (and they did it in a very granular level of detail) – i.e., see email below (they don’t usually put out Consensus ests.)."

Further, after speaking to a large hedge fund that is very aware of "games" Tesla plays, Johnson notes: "they don’t have to put these numbers out. So, if they do, that means they’ll probably BEAT the numbers as they have full control of who’s in the numbers and who’s not (i.e., if they don’t like any analysts’ number, they can simply exclude it)."

Below is a copy of a portion of the email:

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