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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#71

Post by LeftHandPath »

nyczomg wrote: post #45

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…

This is why you just go to the [EDGAR files](https://www.sec.gov/edgar.shtml) and think on your own.

If you want entertainment, read the interpretation given by a news organization with your preferred bias.

If you want real insight, read articles with conflicting agendas. I suggest Barrons and WSJ as the obvious conservative-agenda choices, and Bloomberg and Financial Times as liberal-agenda choices.

Re: Tesla Q3 Financial Results

#72

Post by Sohcahtoa82 »

threeseed wrote: post #53
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…

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…

> Some of these cars are superior to Tesla e.g. Porsche Taycan

Depends on your metrics. IMO, the Model 3 Performance is the superior car. Half the price, quicker, longer range, and has access to the largest fast-charging network in the country.

Re: Tesla Q3 Financial Results

#73

Post by [deleted] »

appleiigs wrote: post #62
steelframe wrote: post #46

Earlier quoted context omitted.

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.

why did you pick 9 years? When you use an arbitrary number like that, it looks like cherry picking.

[deleted]

Re: Tesla Q3 Financial Results

#74

Post by appleiigs »

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.

Apple had lots of competition from companies with sophisticated, established, distribution networks, etc. Compaq, Dell, IBM, HP. Apple had to build the Apple Stores.

Also, the car companies have legacy issues handcuffing them. Unions, dealership agreements.

Not saying Tesla can replicate Apple, but Apple didn't have it easy.

Re: Tesla Q3 Financial Results

#75

Post by steelframe »

RivieraKid wrote: post #16
omgwtfbyobbq wrote: post #10

Earlier quoted context omitted.

Where do you see that? I see this line about them expecting to do that going forward, but nothing about them recognizing revenue in Q3. >We also expect to gradually release nearly $500M of accumulated deferred revenue tied to Autopilot and Full Self Driving features.

> Margin was impacted [...] in part due to Smart Summon-related deferred revenue recognition

> Margin was impacted [...] in part due to Smart Summon-related deferred revenue recognition

In case anybody has been watching the Tesla Smart Summon demolition derby videos on YouTube and is wondering what on earth Tesla was thinking when they pushed the feature out in its current state.

Re: Tesla Q3 Financial Results

#77

Post by LeftHandPath »

I remember doing a due-diligence on Tesla during the Oil Crisis of 2015. The stock was at 195 or so, the company hadn't released anything other than high-end sedans, and the cars were still sold in stores.

If you went to their website, you saw that they were planning to have a $35,000 vehicle for sale by 2018, with rapid charging stations set up across the country (forming a corridor for coast-to-coast travel), where Tesla owners would be able to charge for free. And furthermore, the leadership - Musk - had shown his worth when he put his last dimes into PayPal just a few years earlier.

I said it was a good company to go long on for a three year timeline. (They didn't listen, I was only 17 and had never invested in my life).

It might be time to give them another examination.

Re: Tesla Q3 Financial Results

#78

Post by dragonwriter »

greedo wrote: post #68
rainyMammoth wrote: post #39

Earlier quoted context omitted.

This is exactly what I think. They did a very good job capturing the early market given the void left by traditional auto makers. The next 5 years will be very tough. They will be competing on the efficiency of the production chain. Toyota and Volkswagen are unbeatable at that game. Regarding your story with AAPL: Good for him but how many others will we never hear about? Betting everything on a single stock is the n…

Will Toyota have an EV available in numbers by 2024? I know they love their hybrid platform, and the fuelcell car, but I'm unaware of any EV plans.

> Will Toyota have an EV available in numbers by 2024? I know they love their hybrid platform, and the fuelcell car, but I'm unaware of any EV plans.

FCEVs are as much EVs as BEVs, but yes, Toyota's first production BEV is being sold in Japan in 2020 with plans for India close behind. It's very much not designed for the preferences of the US market so I suspect we won't see it.

https://www.motor1.com/news/376824/toyota-ultra-compact-bev-...

They are also imminently launching an all-electric vehicle under the Lexus brand, with plans to electrify across the brand by 2025:

https://www.greencarreports.com/news/1125653_lexus-confirms-...

Re: Tesla Q3 Financial Results

#79

Post by thorin_2 »

threeseed wrote: post #53
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…

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…

Not an owner or shareholder. I encourage you to read up a bit more on their competitive strengths, including their battery, charging infrastructure, and autonomous driving tech. In that regard they are WAY ahead of the competition. I am stoked that VW is serious about playing the EV game, and you are correct that they are significantly more capitalized; however they are still WAY behind Tesla in the critical areas mentioned above. IMO, they are going to gain a lot more market share, for a long time to come.

Re: Tesla Q3 Financial Results

#80

Post by Sohcahtoa82 »

soperj wrote: post #33
dmix wrote: post #19

Earlier quoted context omitted.

Is Model Y replacing Model X?

No, model Y is built on the same frame as model x. It'll be a suv. Sorry. meant model 3.

This is incorrect. It's a crossover built on the Model 3 platform. It's basically a Model 3 but slightly taller and with a hatchback.
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