The revenue for one quarter seems high.
Did they carry over some sales from the past or is there something it drawing from future quarters?
Edit: Congratz!
Tesla Third Quarter 2018 Update [pdf]
61–70 of 418 posts
Re: Tesla Third Quarter 2018 Update [pdf]
#62Earlier quoted context omitted.
Does gasoline engines receive subsidies? I just bought a brand new ICE vehicle, and I'd sure like to know when my check arrives...
Not the cars, but the fuel. “America spends over $20bn per year on fossil fuel subsidies. Abolish them” https://www.theguardian.com/environment/climate-consensus-97...
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Re: Tesla Third Quarter 2018 Update [pdf]
#63Earlier quoted context omitted.
Does gasoline engines receive subsidies? I just bought a brand new ICE vehicle, and I'd sure like to know when my check arrives...
Not the cars, but the fuel. “America spends over $20bn per year on fossil fuel subsidies. Abolish them” https://www.theguardian.com/environment/climate-consensus-97...
If EV wins and they can no longer collect all that juicy tax revenue from gas - how are they going to afford to maintain infrastructure? They collect far more than 20bn in revenue from fuel taxes.
Re: Tesla Third Quarter 2018 Update [pdf]
#64One thing to consider that an analyst pointed out. Telsa has alot of net 60 and 90 and 120 day relationships with suppliers, but gets paid from car sales much quicker. This means that they can "financially engineer" quarters to make their cash flow look much better than it would if the payment periods were all net 30. Pre Close: - bit of a perfect storm for Tesla to make a profit - Model X ramp up spend is mostly don…
> This means that they can "financially engineer" quarters
Sure, look at their balance sheet from the 8-k filing. How many quarters in a row showing a $1.2 billion increase in accounts payable will their suppliers tolerate?
Re: Tesla Third Quarter 2018 Update [pdf]
#65Earlier quoted context omitted.
I recall reading many HN posters commenting that this cylindrical form factor was a terrible choice for cars. Now several other carmakers have adopted it.
From an engineering perspective it's suboptimal since they have small surface area relative to volume. That's probably why Telsa went with the 2170 instead of the 26650, which has a larger diameter. Despite this disadvantage the Telsa battery cost, power density, cost per kwh, peak power, and longevity are unmatched. Especially as measure by real people driving real cars on real roads. So sure in theory batteries wit…
> So sure in theory batteries with more surface area would have greater package efficiencies.
There's way more to a battery than just density; however, one of the things that needs to be managed is the heat generated during charging. There might be a case to be made for slightly suboptimal packaging strategies if it makes cooling all those cells that much easier.
Re: Tesla Third Quarter 2018 Update [pdf]
#66The last few big Tesla threads on HN were non-stop piling the shit onto Tesla talking about how untenable they are, bad business model, inability to scale, etc, etc. Is that just an indication that the short sellers have sock puppets here on HN as well? HN happens to be an important source of Tesla news.
Even Zerohedge is positive on results https://www.zerohedge.com/news/2018-10-24/tesla-soars-histor...
comments interesting though
Re: Tesla Third Quarter 2018 Update [pdf]
#67Earlier quoted context omitted.
I've got a friend on the assembly line in Fremont. He says he doesn't mind the hours too much. However, they basically keep adding extra or overtime shifts to his schedule. I think right now he might be working 5 or 6 day weeks, and I'm fairly sure they're minimum 8 hours, and obviously with overtime could be several hours above that. Sounds awful, but in some ways isn't that how manufacturing has sort of always been…
Sounds awful Sounds better than bustin' ass for 60 hours/week for my base salary. Your friend is getting paid 1.5X for every hour over 40. And, yes, it is not uncommon over the years. My dad would seemingly work every overtime hour given. And at time-and-a-half, so would I.
The problem with overtime is that in most cases it's not a choice.
You either do it or be forced to quit.
Re: Tesla Third Quarter 2018 Update [pdf]
#68One massive advantage that I'm not sure most people realize quite yet is the Supercharger network. No manufacturer (other than Porsche talking about it recently) has actually built out chargers for their cars. Every other electric car has to rely on a broken, sparse, expensive charger network. Blink chargers and some ChargePoint chargers are expensive in many places ($2 an hour!), and Blink is notorious for having br…
> and Blink is notorious for having broken charging stations
Yeah. Only time I got stranded was because the only reachable station was a Blink one.
Sometimes I wonder if the name wasn't deliberately chosen.
Re: Tesla Third Quarter 2018 Update [pdf]
#69Congrats to Tesla! This is HILARIOUS to see after the thousands and thousands of negative articles and press over the last year.
> This is HILARIOUS to see after the thousands and thousands of negative articles and press over the last year.
I wouldn't hold your breath just yet, the last quarter posted a loss, the one before a gain, and the one before that was a loss.
Tesla is showing some signs of long-term capability here, but they're far from out of the woods and into a complete success story.
Re: Tesla Third Quarter 2018 Update [pdf]
#70Great news but I have to ask. Maybe someone here can share their view/opinion about the market and what’s going on. Musk can’t tweet about going private. So a major short seller sue him and Tesla. Stock ”crash” during two months. Short seller completly turn around and now long the stock which rises A DAY before this report? Eyebrows should be raised so high everyone go bald. Where Will this end with SEC? And How is t…
This is called late economic cycle hysteria. No rules.
I've been through two of them, things get crazier.