Subtext

Tesla, Inc. TSLA

SectorConsumer Discretionary
Transcripts21
Date range2020-04-29 – 2025-04-22
Calls charted21

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-10-5+0+5+102020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: +7.62020 Q2 · Overall: +8.92020 Q3 · Overall: +6.42020 Q4 · Overall: +8.42021 Q1 · Overall: +4.02021 Q2 · Overall: +1.32021 Q3 · Overall: +2.92021 Q4 · Overall: +3.82022 Q1 · Overall: -0.32022 Q2 · Overall: +1.62022 Q3 · Overall: +5.82022 Q4 · Overall: +7.72023 Q1 · Overall: +5.32023 Q2 · Overall: +8.42023 Q3 · Overall: +4.62023 Q4 · Overall: +6.62024 Q1 · Overall: +6.02024 Q2 · Overall: +1.32024 Q3 · Overall: +7.22024 Q4 · Overall: +2.82025 Q1 · Overall: +1.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-15-7+0+7+152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q2 · CFO: +12.82021 Q3 · CFO: +7.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-17-8+0+8+172020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +14.12020 Q2 · Prepared remarks: +9.72020 Q3 · Prepared remarks: +14.62020 Q4 · Prepared remarks: +13.72021 Q1 · Prepared remarks: +2.62021 Q2 · Prepared remarks: +5.22021 Q3 · Prepared remarks: +2.92021 Q4 · Prepared remarks: +3.82022 Q1 · Prepared remarks: -0.32022 Q2 · Prepared remarks: +1.32022 Q3 · Prepared remarks: +5.82022 Q4 · Prepared remarks: +7.72023 Q1 · Prepared remarks: +5.32023 Q2 · Prepared remarks: +8.42023 Q3 · Prepared remarks: +4.62023 Q4 · Prepared remarks: +6.62024 Q1 · Prepared remarks: +6.12024 Q2 · Prepared remarks: +1.32024 Q3 · Prepared remarks: +7.22024 Q4 · Prepared remarks: +3.12025 Q1 · Prepared remarks: +1.72020 Q1 · Q&A responses: +3.32020 Q2 · Q&A responses: +5.22020 Q3 · Q&A responses: -1.12020 Q4 · Q&A responses: +5.02021 Q1 · Q&A responses: +11.82021 Q2 · Q&A responses: -11.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.11$3.00$5.892020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $0.602020 Q2: $0.512020 Q3: $0.952020 Q4: $1.282021 Q1: $1.492021 Q2: $1.782021 Q3: $2.182021 Q4: $2.802022 Q1: $3.752022 Q2: $4.632022 Q3: $5.412022 Q4: $5.492023 Q1: $4.302023 Q2: $4.122023 Q3: $4.412023 Q4: $3.842024 Q1: $3.262024 Q2: $2.962024 Q3: $2.892024 Q4: $3.25

Forward P/E

17.8795.37172.872020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 39.972020 Q2: 129.652020 Q3: 154.192020 Q4: 162.182021 Q1: 157.272021 Q2: 112.952021 Q3: 115.442021 Q4: 116.192022 Q1: 74.592022 Q2: 50.322022 Q3: 55.962022 Q4: 28.562023 Q1: 41.922023 Q2: 62.252023 Q3: 61.552023 Q4: 62.322024 Q1: 52.032024 Q2: 62.352024 Q3: 78.622024 Q4: 135.42

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q3 tone ↓ -2.4 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -4.4 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.7 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.2 fwd EPS ↑ +0.96 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↑ +3.1 fwd EPS ↓ -0.18 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -3.8 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +5.8 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↓ -4.4 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+1.5——View →
2024 Q42025-01-29+2.8$3.25135.4View →
2024 Q32024-10-23+7.2$2.8978.6View →
2024 Q22024-07-24+1.3$2.9662.4View →
2024 Q12024-04-23+6.0$3.2652.0View →
2023 Q42024-01-24+6.6$3.8462.3View →
2023 Q32023-10-18+4.6$4.4161.5View →
2023 Q22023-07-19+8.4$4.1262.2View →