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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

#131

Post by _ea1k »

kevstev wrote: post #114
kire2345 wrote: post #79

Earlier quoted context omitted.

Please have a look at Tesla's revenue growth. It is a pretty clear hockey stick graph. See in this article: https://cleantechnica.com/2019/03/24/teslas-incredible-growt... The problems with customer service and production quality are to be expected if you scale at the speed that they currently do.

If you take a look at their quarterly production numbers, things don't look so rosy- they jumped from ~25000/quarter in Q4 2017 to 80k/quarter in 2018, but have not really moved the needle that much since then- this past quarter was 96k (96,155 if you want to get pedantic). Its fine growth for sure, but certainly not in a hockey stick matter- it makes me wonder where the disconnect is- how and when are they booking t…

It isn't just about cash flow, but both cash flow and earnings matter. Their cashflow has improved to the best state that it has been in since the company was founded.

Their other issues are a combination of scale and fundamental business issues with selling cars. Other manufacturers have profitable dealer networks selling their cars. Tesla has a money losing sales and service network. Some of this is due to their relatively small scale, but some of the problems are deeper than that, unfortunately.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#132

Post by et2o »

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

For the first ~10 years of existence they were barely a company. That Tesla has almost nothing in common with today's Tesla, not even Elon Musk. Not sure time since incorporation is the best metric.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#133

Post by Jakawao »

threeseed wrote: post #117
caconym_ wrote: post #69

I've practically stopped hearing about Tesla in the news, which must mean they're doing great. Great job, Tesla folks!

Actually they aren't doing so great. Everything has changed. Before last year it was basically just Tesla and a few token cars e.g. Leaf in the electric vehicle space. Now every car company is jumping in and any detractors e.g. BMW CEO are being swiftly moved on. And so Tesla is now competing against the most highly capitalised, profitable and experienced companies in the world. Porsche Taycan is based on every revie…

I do believe that all competitive advantage is temporary and that better offerings are to come from a variety of players... However, there is simply nothing close to Tesla on the planet today. It will be some time before others can catch up. They will. It is inevitable. Right now, Tesla has something others are unable to produce.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#134

Post by grecy »

threeseed wrote: post #90
lgats wrote: post #64

Earlier quoted context omitted.

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)

There would be import tariffs on cars imported into the US. So the Chinese factory is purely for domestic sales.

I think it's for all of Asia-Pacific - i.e. Australia/NZ/Japan, etc.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#135

Post by cjhopman »

caconym_ wrote: post #129
threeseed wrote: post #117

Earlier quoted context omitted.

Actually they aren't doing so great. Everything has changed. Before last year it was basically just Tesla and a few token cars e.g. Leaf in the electric vehicle space. Now every car company is jumping in and any detractors e.g. BMW CEO are being swiftly moved on. And so Tesla is now competing against the most highly capitalised, profitable and experienced companies in the world. Porsche Taycan is based on every revie…

So they have competition now, and they're spending more than they're making. What are they spending it on? Maybe they're spending it on the same aggressive growth without which they'd never have achieved the head start they have now? I'm not a Tesla owner nor a Tesla fanboy and my original comment was meant to be a bit tongue-in-cheek, but I have to say that your comment seems to me to be dripping with narrative. Any…

> Maybe they're spending it on the same aggressive growth

They have cut back drastically on capital expenditures.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#136

Post by threeseed »

sockgrant wrote: post #109
threeseed wrote: post #73

Earlier quoted context omitted.

Can a Tesla compete on brand, design, interior fit, build quality, support, charging speed, repeatability, handing ? AFAIK it loses in all of these categories.

I thought Tesla superchargers have faster charging speed? They have 150kW charging, is Porsche doing something better? OP said Taycan is the new Model S, I think that your comment vs. mine highlights that this isn't true -- Taycan customers are not the same as Tesla customers. Tesla customers get a good bang for their buck -- speed, range, charging network at a cheap price. Porsche customers get brand, design, & buil…

Porsche Taycan can charge at up to 270kW and they are working on a software update to bump this up to 400-500kW. The Model 3 can charge at 250kW.

And not sure why you are comparing the Model 3 to a Taycan as they are completely different segments.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#137

Post by threeseed »

et2o wrote: post #127
threeseed wrote: post #117

Earlier quoted context omitted.

Actually they aren't doing so great. Everything has changed. Before last year it was basically just Tesla and a few token cars e.g. Leaf in the electric vehicle space. Now every car company is jumping in and any detractors e.g. BMW CEO are being swiftly moved on. And so Tesla is now competing against the most highly capitalised, profitable and experienced companies in the world. Porsche Taycan is based on every revie…

People have been making that exact argument for years. There have been so many "Tesla killers" that I've lost count. None have panned out. The Taycan is roughly twice as expensive as the equivalent Model S Tesla and has greatly inferior range and, among people likely to buy electric cars, presumably less brand value. People haven't forgotten VW's emissions scandal. Let's not forget they haven't even shipped a single…

And you seemed to have completely missed my point.

Car companies have been doing nothing for years. But now for the first time they are all 100% committed to EV. And as we've seen with the Taycan, EQC and the ID.3/4 they can easily compete with Tesla.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#138

Post by _ea1k »

threeseed wrote: post #94
s_y_n_t_a_x wrote: post #89

Earlier quoted context omitted.

Tesla has a major headstart and noone is near them or gaining on them. It's actually simpler. The attack campaigns negatively influence the stock.

Taycan is a better car in every respect than the Model S. VW ID.3/4 are looking like being winners and will likely outclass the Model 3/Y. eTron, I-PACE and EQC are all selling well against the Model X. And again. Everyone is coming into EV this year and next.

If you think the Taycan is better in "every respect" then you haven't cross shopped them.

Its a good car, but this is as exaggerated a position as I've seen from anyone on either side.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#139

Post by _ea1k »

sockgrant wrote: post #109
threeseed wrote: post #73

Earlier quoted context omitted.

Can a Tesla compete on brand, design, interior fit, build quality, support, charging speed, repeatability, handing ? AFAIK it loses in all of these categories.

I thought Tesla superchargers have faster charging speed? They have 150kW charging, is Porsche doing something better? OP said Taycan is the new Model S, I think that your comment vs. mine highlights that this isn't true -- Taycan customers are not the same as Tesla customers. Tesla customers get a good bang for their buck -- speed, range, charging network at a cheap price. Porsche customers get brand, design, & buil…

Porsche has 250 kw, just like Tesla does on the LR Model 3. But supposedly Porsche will soon have 350 kw.

The real metric is miles added per minute, though, and I haven't really seen an apples to apples comparison there.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#140

Post by et2o »

threeseed wrote: post #137
et2o wrote: post #127

Earlier quoted context omitted.

People have been making that exact argument for years. There have been so many "Tesla killers" that I've lost count. None have panned out. The Taycan is roughly twice as expensive as the equivalent Model S Tesla and has greatly inferior range and, among people likely to buy electric cars, presumably less brand value. People haven't forgotten VW's emissions scandal. Let's not forget they haven't even shipped a single…

And you seemed to have completely missed my point. Car companies have been doing nothing for years. But now for the first time they are all 100% committed to EV. And as we've seen with the Taycan, EQC and the ID.3/4 they can easily compete with Tesla.

That remains to be seen. There's no evidence yet. As I already said, people have been making that exact argument for years.
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