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Tesla Delivers Record 97,000 Vehicles in Q3

ir.tesla.com

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Re: Tesla Delivers Record 97,000 Vehicles in Q3

#61

Post by kevstev »

xkjkls wrote: post #27
graiz wrote: post #17

They had a leaked email posted last week that they were pushing for 100K. So 97k is less than was priced into the stock. Not sure why institutional investors don't like the stock and it's so heavily shorted and twitchy. Tesla could use a COO to manage operational expectations and let Elon focus more on engineering in the future. It'll keep his twitter/email free from setting market expectations.

Institutional investors don’t like the stock because it’s a 16 year old company that’s never made a profit a year in existence. It’s pretty easy to see how that could make any money manager run scared

The operational problems can't be understated either. Customer service experiences that are all over the map (Ranging from they came out to my driveway and fixed my car to its been in the shop for 3 months with no end in sight), production issues, QC issues, engineering issues... for every way they tend to "surprise and delight" they also tend to find ways to horrify by not nailing the basics.

And you only get to play the startup card so long. Tesla is indeed a 16 year old company whose production struggles look even more troubling considering their growth isn't what anyone would really consider hockey stick, and their competitors have none of their scaling issues.

Add in a leader that has shown some stability issues, and its tough to make a case for it.

Personally, I root hard for Tesla the company, want to see them succeed, and after recently buying a house with a parking spot, may buy a Tesla as my next car, but I am not buying shares anytime soon.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#62

Post by kickopotomus »

graiz wrote: post #17

They had a leaked email posted last week that they were pushing for 100K. So 97k is less than was priced into the stock. Not sure why institutional investors don't like the stock and it's so heavily shorted and twitchy. Tesla could use a COO to manage operational expectations and let Elon focus more on engineering in the future. It'll keep his twitter/email free from setting market expectations.

It's because Tesla is still a pretty risky investment. It still remains to be seen what sort of "moat" they really have in the EV space. Most other major manufacturers are preparing to launch EVs over the next 3 years. It may turn out that Tesla really is a few steps ahead technologically or all of the guys that have been building cars for the last 80 years may eat their lunch.

But I do agree that they could definitely use a COO. Musk seems like a bright guy but I'm just not sure how suited he is to handle operations at scale.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#63

Post by xkjkls »

gniv wrote: post #46
xkjkls wrote: post #27

Earlier quoted context omitted.

Institutional investors don’t like the stock because it’s a 16 year old company that’s never made a profit a year in existence. It’s pretty easy to see how that could make any money manager run scared

Amazon was kind of similar Edit: Wow, so much hate for a one-line comment. I have five replies and three downvotes as of now. I stand by my comment. I think Tesla is building long-term value (brand recognition, a reputation for innovation in an stodgy industry, technical know-how in multiple industries) that will allow them to be profitable. I know well how Amazon got here, but I don't care about the technicalities.…

Amazon has been cash flow positive since 2003. Amazon has a unique negative cash flow cycle where they collected revenue significantly prior to paying their accounts payable. As long as they are constantly growing, it is basically like running a business on a credit card.

Tesla is in a completely different situation. Cars require massive upfront investment before their revenue is realized, and given the results just posted, Tesla will most likely post a quarter with declining revenue.

People should stop comparing things to Amazon. Amazon was successful because it was unique.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#64

Post by lgats »

danhak wrote: post #24
slg wrote: post #20

That first line after the chart is the big takeaway in my opinion. The backlog of orders increased this quarter which is both good news, since it shows demand is not a problem, and bad news, since Tesla still can't produce cars fast enough.

Good thing they have another factory coming online this quarter :-)

I would be surprised if gigafactory 3 cars are exported from China.

From what I understand, most domestically produced, internationally branded vehicles are sold within the county. (Audi, VW, Mercedes all manufacturer cars in China for domestic consumption)

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#65

Post by JumpCrisscross »

Keloo wrote: post #41

Am I the only one who thinks the Wall Street is playing dirty? Right before the report they increase the expectations so tesla miss, if they wouldn't increase it that should be a beat, same with eps last quarter. It feels like they force the news headlines to be 'tsla miss'. Or maybe I'm a bit fanatic, please correct me if I'm wrong.

> Right before the report they increase the expectations

Wasn’t the source of the 100k number Elon himself?

Wall Street analysts were estimating below Elon (and the actual numbers). It looks more like investors ignored Wall Street and took Elon at face value again.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#66

Post by elisharobinson »

xkjkls wrote: post #45
elisharobinson wrote: post #40

Earlier quoted context omitted.

So 2008 didn't happen I guess. I guess nobody in their right mind would buy and sell loans which aren't guaranteed. And I guess usable mass market EV's existed before 2018 and I guess Tesla is just running a scam .

What does 2008 have to do with anything? A company that hasn’t made a profit for 16 straight years, especially valued at billions of dollars, should be considered a extremely risky investment

Name any investment bank which started after 2008 and has some decent amount of market cap. My point is suggesting investment banks can make rational decisions is not based on facts. They make decisions which make most money or save existing investments. Aside from the level of toxic hatred on the stock what can you fault about the products they are selling nothing. Can you find another company anywhere delivering value/$ as Tesla I'm not sure.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#67

Post by xkjkls »

dragontamer wrote: post #48
gniv wrote: post #46

Earlier quoted context omitted.

Amazon was kind of similar Edit: Wow, so much hate for a one-line comment. I have five replies and three downvotes as of now. I stand by my comment. I think Tesla is building long-term value (brand recognition, a reputation for innovation in an stodgy industry, technical know-how in multiple industries) that will allow them to be profitable. I know well how Amazon got here, but I don't care about the technicalities.…

Amazon made a profit in 2003 and literally every year after that. Amazon can be forgiven for losing $1.6 Billion in the 2001 recession, but their pathway to profitability was rather short all else considered. Amazon has famously low margins, but those low margins commanded a mighty profit for decades. They are not the company you want to compare against Tesla. Tesla's strategy is supposed to be luxury vehicles at hig…

Cash Flow positive every year since 2003, not necessarily profitable. (Though the were profitable for some of those years, they weren’t necessarily).

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#68

Post by xkjkls »

ianferrel wrote: post #52
gniv wrote: post #46

Earlier quoted context omitted.

Amazon was kind of similar Edit: Wow, so much hate for a one-line comment. I have five replies and three downvotes as of now. I stand by my comment. I think Tesla is building long-term value (brand recognition, a reputation for innovation in an stodgy industry, technical know-how in multiple industries) that will allow them to be profitable. I know well how Amazon got here, but I don't care about the technicalities.…

Amazon made their first quarterly profit 7 years after founding and their first annual profit 2 years later. That's longer than average, but it's also a lot shorter than 16 years.

And they didn’t amass nearly as much debt to get there

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#70

Post by infecto »

graiz wrote: post #17

They had a leaked email posted last week that they were pushing for 100K. So 97k is less than was priced into the stock. Not sure why institutional investors don't like the stock and it's so heavily shorted and twitchy. Tesla could use a COO to manage operational expectations and let Elon focus more on engineering in the future. It'll keep his twitter/email free from setting market expectations.

It could also be to some degree there are very weird decisions that have been made at Tesla.

Lets just look at Kimbal who has been on the board since the beginning, with a multi-million dollar compensation package even though he has zero relevant experience in the industry and is a huge outlier compared to the rest of the industry. Sure they are making strides in electric cars but as a business its very out of the norm.

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