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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

#41

Post by jfoutz »

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?

I think i get your point, but tech losses seem to be associated with cultural collapse or exhaustion of a special resource. Roman concrete, Greek fire, and vanadium steel might be more illustrative choices.

I don't think the Egyptians used magic, perhaps they knew a trick or two we don't know about, i don't think there's any writing left about the construction techniques.

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

#42

Post by cstejerean »

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.

Unless they shorted it in the morning and closed out their position by the end of the day it's highly unlikely they made money on it.

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

#43

Post by tim333 »

nickff wrote: post #34
refurb wrote: post #25

Earlier quoted context omitted.

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.

Also the non-GAAP numbers can give a more accurate impression of how the company is doing if done sensibly.

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

#44

Post by diebir »

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.

No superhero. Collaborates with Trump to get SpaceX contracts. F. him.

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

#45

Post by bb611 »

joss82 wrote: post #23
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.

Not so sure about it. Look at Concorde. Musk actually said that technology does not move forward if there is nobody (or no company or no government) to push it forward.

Concorde may have failed but jet travel is far more common and affordable today than when it was rolled out.

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

#46

Post by edw »

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?

Or, more recently: I've read that we have collectively lost the knowledge and skill necessary to build a piano with a quality comparable to the best ever made. (Wish I had a citation…)

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

#47

Post by toomuchtodo »

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.

Check out the run up in the last month. People shorting were shorting at under $220-230/share. It's now hovering at $280.

http://blogs.barrons.com/stockstowatchtoday/2017/02/07/tesla...

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

#48

Post by toomuchtodo »

Someone1234 wrote: post #32
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 criti…

Huge fan boy here. I'm not saying he does no wrong; he's ruined his first, second, and third marriages. He's probably not around at all for his five kids. Its assuredly soul crushing (workload/expectation-wise, not mission, which makes a huge difference) working for him.

But he's changing the world. So I give the guy wide latitude with my opinion. At least he's not yet another useless silicon valley billionaire. He is the least terrible billionaire industrialist IMHO.

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

#49

Post by 3pt14159 »

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).…

Buy (or short) the rumor, sell (or close) the news. If you look at the past two months it's grown $75 a share, $25 a share in the past 30 days alone. After hours trading is up, but for the grey edge grinders it was time to profit harvest.

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

#50

Post by kbenson »

Retric wrote: post #35
soperj wrote: post #21

Earlier quoted context omitted.

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.

But that's besides the point. We are thousands of years in the future from that point, with thousands of years of technological advancements. What would a civilization relatively recently after the loss of that knowledge do? Could they even do it?

The point is that technology can be lost. Sure, we may have re-learned the technology in the intervening millennia, but we wouldn't have to re-learn it if it wasn't lost in the first place.

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