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Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

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Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#31

Post by cycrutchfield »

Someone1234 wrote: post #24
paulpauper wrote: post #20

People who lose money shorting Tesla are losing their shirts for the same reason as those who shorted Amazon: cash flow + growth matters more than profitability, PE ratios, or EPS. Tesla's car business is cash flow positive but the quarterly losses are due to infrastructure investments. This is how finance can be more subtle than meets the eye. Tesla's car business is very profitable: Tesla also reported an automotiv…

> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…

It's up 2% after hours...

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#32

Post by Someone1234 »

mabbo wrote: post #5

People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.

I'm glad that people look up to someone like that.

What I am disappointed by is how his fans react to criticism. There's healthy respect and there's unhealthy worship. When you have a bunch of people who will get really upset due to any criticism that is on the worship side of the coin. Any community with voting arrows (HN/Reddit) suppresses anything negative said (no matter how supportable/well constructed the criticism may be).

Plus these same fans love to attack competition who are also doing really cool stuff instead of supporting them (e.g. Orbital ATK, Faraday Future, NIKOLA ONE, et al). Using arguments that are often double standards or ignore Tesla/SpaceX's own history to make them work.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#33

Post by true_religion »

soperj wrote: post #21
codecamper wrote: post #17

Earlier quoted context omitted.

It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.

How were the pyramids built?

Lots of technology is non obvious, even simple tech. The wheel wasn't widely known in the Americas. Large wheel wagons like you see in rickshaws were not widely known in the West.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#34

Post by nickff »

refurb wrote: post #25
paulpauper wrote: post #20

People who lose money shorting Tesla are losing their shirts for the same reason as those who shorted Amazon: cash flow + growth matters more than profitability, PE ratios, or EPS. Tesla's car business is cash flow positive but the quarterly losses are due to infrastructure investments. This is how finance can be more subtle than meets the eye. Tesla's car business is very profitable: Tesla also reported an automotiv…

I see your point, but any company that uses non-GAAP numbers is suspect. Even the gov't is trying to crack down on companies that do it since it invariably is done to make the company look like it's performing better than it is. Gross margin ignores all the costs not directly associated with producing the vehicle (basically COGS). There are plenty of companies with positive gross margin (even under GAAP) that fail.

Investors are not fools; anyone reading these statements and reports is smart enough to understand the difference between GAAP and non-GAAP. Investors should make up their own minds as to which metrics are useful, just as you have made up yours that reporting the non-GAAP numbers is intrinsically suspect.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#35

Post by Retric »

soperj wrote: post #21
codecamper wrote: post #17

Earlier quoted context omitted.

It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.

How were the pyramids built?

It really does not matter as we could build them today with a lot less effort.

It would cost something like $5 billion today and would take ~2,000 people ~5 years. Which is relatively speaking a lot less expensive. Put another way, Bill G could build ~17 of them in his lifetime and not be broke.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#36

Post by Someone1234 »

goatforce5 wrote: post #30
Someone1234 wrote: post #24

Earlier quoted context omitted.

> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…

It's currently up 1.65% in after hours trading.

The person above claimed that people "lost their shirts" shorting Tesla. Clearly if they were down within normal trading hours, some of those shorts would have paid out. That was what I was responding to.

The fact that Tesla rebounded after hours is neither here nor there. The shorts may have already paid out.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#37

Post by hobofan »

soperj wrote: post #21
codecamper wrote: post #17

Earlier quoted context omitted.

It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.

How were the pyramids built?

Are you looking for the answer "slave labor"?

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#38

Post by artursapek »

Someone1234 wrote: post #36
goatforce5 wrote: post #30

Earlier quoted context omitted.

It's currently up 1.65% in after hours trading.

The person above claimed that people "lost their shirts" shorting Tesla. Clearly if they were down within normal trading hours, some of those shorts would have paid out. That was what I was responding to. The fact that Tesla rebounded after hours is neither here nor there. The shorts may have already paid out.

If someone shorted TSLA going into earnings, they probably lost money. It's up 10% in a month, and it's up in after hours today. It doesn't matter if it dipped a little today (as stocks often do before earnings). It's practically at an all time high.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#39

Post by ericd »

codecamper wrote: post #17
tradersam wrote: post #11

Earlier quoted context omitted.

Especially with SpaceX. He's pushing his engineers hard to get some pretty cool stuff done, and hopefully humanity benefits from it in the long run.

It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.

By default, technology decays over time as knowledge is lost. It takes active effort to keep things where they are, let alone keep pushing them forward.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#40

Post by cheriot »

Someone1234 wrote: post #24
paulpauper wrote: post #20

People who lose money shorting Tesla are losing their shirts for the same reason as those who shorted Amazon: cash flow + growth matters more than profitability, PE ratios, or EPS. Tesla's car business is cash flow positive but the quarterly losses are due to infrastructure investments. This is how finance can be more subtle than meets the eye. Tesla's car business is very profitable: Tesla also reported an automotiv…

> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…

Some of them will have, but not all. Shorting a stock gets expensive. Anyone making a bet that Tesla will run out of cash and wipe out its equity are probably still loosing.

"Short sellers who believe shares of are due for an imminent decline are paying a hefty price to place their bets, with some shelling out what amounts to an annualized cost of between 90% and 120%" http://blogs.wsj.com/moneybeat/2016/09/22/teslas-short-selle...

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