51–60 of 299 posts
Highlights: $143M GAAP Net Income (vs $74M loss expected) Trial production started at Shanghai Gigafactory Model Y production moved forward to Summer 2020
I'm not great at reading financial results, but $TSLA is up ~17% after hours, so I'm assuming they did well.
Just a reminder that stocks move in relation to expectations and not relative to results. Bad results that are not as bad as expected results in the stock going up. Likewise good results that are not as good as expected results in the stock going down. So the takeaway from the after hours trading is not necessarily these results are good in a vacuum, it is that people were surprised that the results were as good (or…
$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…
Their market share can only go down. All of the car companies have or are releasing cars this year/next and are significantly more capitalised. Some of these cars are superior to Tesla e.g. Porsche Taycan and their ability to share platforms between brands helps to amortise costs.
As we've seen with Summon their FSD program does not look like coming out anytime soon and their inability to be profitable means they can't invest in it or even fundamentals like product refreshes.
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…
>Edit: downvoted as expected proving my point... I will never understand how some people become more confident in their ideas the more other people disagree with them.
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 Gigafacto…
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.
Stock market is not some friendly game where everyone wins.
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 Gigafacto…
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 Gigafacto…
I think the YoY EPS is the least interesting and more erratic headline personally.
They had one prior profitable quarter which happened to be Q3 2018. That was under a full subsidy regime only selling the highest ASP Model 3s while there was still higher volume X/S sales to boot.
All eyes are definitely on G3. Tesla spent 2019 improving process efficiency and returning to profitability but have been seriously production limited the last two quarters.
G3 production coming online for China, also by the way just in time to avoid a steep rise in import tariffs, is hugely critical for Tesla, and China as a long term EV market is absolutely massive. Getting China excited about a locally built Tesla is super important, and G3 production of 3k units/wk by the end of the year should be a massive boost to their bottom line, because those should be higher margin units even if they are somewhat lower ASP than their global average.
It’s definitely not the beginning of the end for Tesla and I don’t think anyone should come away from this particular report feeling more pessimistic about TSLA than they were going into it.
$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…
Not sure why people think long term Tesla is in an amazing position. Their market share can only go down. All of the car companies have or are releasing cars this year/next and are significantly more capitalised. Some of these cars are superior to Tesla e.g. Porsche Taycan and their ability to share platforms between brands helps to amortise costs. As we've seen with Summon their FSD program does not look like coming…
But I agree that, as an investment, Tesla stock prices are something the company has to grow into not something that is reflective of in hand performance - and there is always risk there.
I wish I bought some TSLA a few months ago when it was $180! :)
I bet ARK is really pissed they sold 150,000 shares ($39M) yesterday. https://www.businessinsider.com/tesla-investor-ark-trims-sta...