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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#41

Post by hizanberg »

Normally I invest in companies who I believe are undervalued and have solid fundamentals/profitability and are well positioned for future growth.

TSLA is one of my few "emotional investments" of companies I've invested in because I want it to succeed. IMO its share price is highly speculatively priced, but I expect they'll eventually be able to maintain profitability to justify it as they're best positioned to benefit from an EV (+ renewable energy) future.

I'm long TSLA and didn't expect them to achieve profitability before Shanghai Gigafactory (+ Model Y) is in full production, so this earnings release was a welcomed surprise. Happy to see them continue to grow and further invest in the future.

Re: Tesla Q3 Financial Results

#43

Post by trhway »

rainyMammoth wrote: post #11
zaroth wrote: post #6

$143M GAAP / $342M Non-GAAP Net Income. $371M free cash flow. GAAP Gross Margin 18.9%. That is before G3 comes online which will, I believe, have an upward case for margins. That is the big news here today. And that is really great news for Tesla. Over $5.3B cash on hand. TSLA is in an amazing position going into Q4 and 2020. Highly confident of exceeding 360k deliveries for 2019. Just an amazing run up to the end of…

your full disclosure is really sad. You are buying into a cult with some life changing saving (kid's college) It might work though as long as there are enough investors believing in this irrational cult (the bigger idiot theory). You don't want to be the last one holding the bag. Edit2: Removing the downvote comment and adding why I think they are overvalued: They did a very good job capturing the early market given…

man, i downvoted you (and usually i strongly dislike and avoid meta discussions on downvoting or being downvoted, yet it seems here it warrants an explanation, at least i'd have liked if somebody gave me a one in a situation like yours) because you're making gross logical mistake:

> You are buying into a cult with some life changing saving (kid's college)

he never said that he is using kid's college savings and/or life changing savings. You ascribed that meaning to what he said, while he may have (and probably) said completely different thing - using small money on TSLA playing the chance that it may convert those small money into the life changing/kid college savings.

Re: Tesla Q3 Financial Results

#45

Post by nyczomg »

Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples:

"Tesla shares soar after crushing third-quarter earnings" CNBC

"Tesla's Quarterly Profit Drops 54%" WSJ

"Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider

"Tesla ekes out a profit as all eyes turn to its China Gigafactory" The Verge

I get that financials are prone to much speculation, interpretation, etc. But it seems that the news is so agenda driven today that we're twisting facts to fit some narrative rather than the other way around.

When the narratives being pushed at us by news organizations are so polarized around concrete numbers being reported at regular intervals in a heavily regulated manner, how can we hope to interpret more nuanced news appropriately?

Sorry, rant over. This is exciting news for Tesla! Or maybe the beginning of the end.

Re: Tesla Q3 Financial Results

#46

Post by steelframe »

zaroth wrote: post #6

$143M GAAP / $342M Non-GAAP Net Income. $371M free cash flow. GAAP Gross Margin 18.9%. That is before G3 comes online which will, I believe, have an upward case for margins. That is the big news here today. And that is really great news for Tesla. Over $5.3B cash on hand. TSLA is in an amazing position going into Q4 and 2020. Highly confident of exceeding 360k deliveries for 2019. Just an amazing run up to the end of…

I don't mean to lecture or suggest your decision is unsound, but note that the expected opportunity cost of investing in any given stock vs. an index ETF over 9 years is about an 85% return.

Re: Tesla Q3 Financial Results

#47

Post by ur-whale »

dmix wrote: post #25
thinkingkong wrote: post #7

The Shanghai Gigafactory going from breaking ground to production ready in 10 months is staggering. Has anything like that been accomplished in NA in the last 10 years?

The Foxconn Wisconsin plant had the full support of the executive branch + billions in welfare from the local/state governments and even then they haven't started to working on it primarily due to the significant business risks and high costs of employing labour in America and general uncertainty around manufacturing anything state-side: https://en.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant Even the Chinese can't…

US is slowly turning into Europe. And all the disadvantages without any of the perks.

Re: Tesla Q3 Financial Results

#48

Post by rainyMammoth »

kick wrote: post #34
rainyMammoth wrote: post #11

Earlier quoted context omitted.

your full disclosure is really sad. You are buying into a cult with some life changing saving (kid's college) It might work though as long as there are enough investors believing in this irrational cult (the bigger idiot theory). You don't want to be the last one holding the bag. Edit2: Removing the downvote comment and adding why I think they are overvalued: They did a very good job capturing the early market given…

News Guidelines: Please don't comment about the voting on comments. It never does any good, and it makes boring reading. https://news.ycombinator.com/newsguidelines.html Paul Graham: I think it's ok to use the up and down arrows to express agreement. Obviously the uparrows aren't only for applauding politeness, so it seems reasonable that the downarrows aren't only for booing rudeness. https://news.ycombinator.com/it…

Good point, I removed it.

Re: Tesla Q3 Financial Results

#49

Post by markb139 »

julienchastang wrote: post #29
rainyMammoth wrote: post #11

Earlier quoted context omitted.

your full disclosure is really sad. You are buying into a cult with some life changing saving (kid's college) It might work though as long as there are enough investors believing in this irrational cult (the bigger idiot theory). You don't want to be the last one holding the bag. Edit2: Removing the downvote comment and adding why I think they are overvalued: They did a very good job capturing the early market given…

I actually know somebody who did this but for AAPL many years back. At the time, I too thought he was insane, but it worked out very well for him. A propos TSLA price, the problem is they are about to face a lot more competition from companies with sophisticated, established, distribution networks, etc.

My AAPL stock has paid for several devices and given me my initial investment back

Re: Tesla Q3 Financial Results

#50

Post by m0zg »

I wish them all the success in the world in the face of increased competition. They basically started the "no compromise electric car" market, in the face of an army of naysayers, and the last few years have been extremely rough on both the company and Musk personally. IMO they pretty much deserve to win.

Disclosure: I hold no TSLA, and don't own any of their cars. I just like dogged persistence in the face of impossible odds.

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