Amazing results - I am especially taking great pleasure in watching the shorts get decimated. The Model 3 is a game-changer for the masses. I walked past 6 of them just on my way to get coffee this morning. We're truly witnessing the EV revolution.
I will never understand why Tesla people are so obsessed with short sellers.
They exist for every company. And the majority of them would have hedged their bets in some form so it's not like they are likely to lose substantial amounts of money. Tesla almost seems to be similar to Trump in that they need a fictitious enemy to distract the attention away from themselves.
Congrats to Tesla and Musk. The numbers are just insane: "The electric car-maker reported adjusted earnings of $2.90 per share on revenue of $6.82 billion, exceeding average analyst expectations of losses of 15 cents per share on revenue of $6.32 billion."
What are "adjusted" earnings?
They take the "official" accounting earnings and add back in charges they either 1) don't feel represent the true financial position or 2) are one-off charges. In this case they back out stock-based compensation (like most companies), turning GAAP earnings of $311m into adjusted earnings of $516m. Voila!
The 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.
Or maybe some of us think Elon Musk is a bit of a wanker and noticed that the numbers didn't look good. It really can be as simple as that.
One 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…
it seems like you post negative comments on anything Tesla related. Any motivations?
Who cares ? His comment is insightful and factual.
Amazing results - I am especially taking great pleasure in watching the shorts get decimated. The Model 3 is a game-changer for the masses. I walked past 6 of them just on my way to get coffee this morning. We're truly witnessing the EV revolution.
Why? Because Elon dislikes them? The stock is still way off all time highs, you appear to have a short memory.
One 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…
How competitive will it be when all these model 3 owners start clogging them up?
This would be a great problem for Tesla to have and a signal for them to simply build more stations/partnerships. It reminds me of great the Yogi Berra quote: "Nobody goes there anymore, it's too crowded."
One 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…
Until other companies step up and install DCFC stations everywhere Disclaimer: I am long TSLA I hightly doubt other car companies are gonna do this in a reaonable time frame (3-4 years). They will rely on the dealer network to build out the chargers and suck up the setup cost. Now dealers can potentially finance this with debt and get this done, but I doubt GM or any car company will be able to get consensus from the…
Agreed, and locating them at dealers is often an impractical choice for drivers: they are not consistently located strategically next to highways, sometimes they put them in an area that is not physically accessible outside of business hours (e.g., fenced yard), and the incentive to maintain them is less.
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.
50% extra for giving up your time with kids, excercise, sleep, family, and general fun in life sounds like a terrible deal.
it really depends on how much you make and what your cost of living is. In many situations that extra cash is a life changing difference.
How long do you think the current Supercharger network will be a large competitive advantage? I agree with Benedict Evan's point that electric charging will become a commodity: https://www.ben-evans.com/benedictevans/2018/8/29/tesla-soft...
Wouldn't it be awful if you could only buy Ford gasoline from Ford gas stations? The lock in model is attractive until you think about broader implication, I agree with Evans too that it will be a commodity race to the bottom for recharging, with cost introduced for the power
One 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…
it seems like you post negative comments on anything Tesla related. Any motivations?