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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#81

Post by dd36 »

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…

The Porsche Taycan is not superior on any metric.

Also, they just turned a profit. Did you write this comment before they reported?

Re: Tesla Q3 Financial Results

#82

Post by c3534l »

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…

The financials themselves are the facts, everything else written about it is interpretation and punditry.

Re: Tesla Q3 Financial Results

#84

Post by kosievdmerwe »

wesammikhail wrote: post #69
ProAm wrote: post #20

Earlier quoted context omitted.

Meh: "Shares of Tesla are down 23% since the beginning of the year."

but they are up 1130% since IPO. I personally dont understand why people use psychological lines such as month/quarter/year or 25/50/100 when none of that really matters. A business is a continuous process and should be looked at as such.

Yes, but you could also have invested your money elsewhere and continued to see growth.

Except for the complexity involving taxes and fees, if your money sits in Tesla shares for a long time and the stock stays flat, then you've lost money. Both in terms of opportunity cost and through inflation.

And this is irrespective of when you bought them.

Re: Tesla Q3 Financial Results

#85

Post by badfrog »

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…

It's not obvious that an 11 year old comment from somebody who's not really involved in the community anymore should be taken as gospel.

Re: Tesla Q3 Financial Results

#86

Post by rainyMammoth »

LeftHandPath wrote: post #77

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…

And it's good they didn't invest on your advice to go long on TSLA. If you invested into The diversified SP500 instead with the same timeline (2015 to today) it would give you a slightly similar or even better return than TSLA that went from 195 to 295 ( and that is IF the current price holds until tomorrow which will most probably not).

Never forget opportunity cost while investing!

Re: Tesla Q3 Financial Results

#87

Post by pcurve »

20% jump after market. I'm really confused. Is this short covering?

I've read through the financial statement. They're fine, but I'm scratching my head over why it warrants 20% jump? Anyone have a good explanation?

Re: Tesla Q3 Financial Results

#88

Post by manigandham »

dd36 wrote: post #81
threeseed wrote: post #53

Earlier quoted context omitted.

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…

The Porsche Taycan is not superior on any metric. Also, they just turned a profit. Did you write this comment before they reported?

On any metric? The car reviews disagree. There's a general consensus that Porsche did a great job with a sporty car that appeals to its client base, and benefits from the luxury and build quality experience of the brand.

Re: Tesla Q3 Financial Results

#89

Post by slg »

rainyMammoth wrote: post #54
slg wrote: post #28

Earlier quoted context omitted.

>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.

Ah yes, forgot that we need to fall in line with the majority as soon as a disagreement is voiced. This is exactly how you get echo chambers.

I am not in any way implying people need to fall in line or avoid disagreement. I am more commenting on how my mind works. When someone tells me I am wrong, my first instincts are self-doubt and/or questioning why someone would think about the topic differently. I don't get or fundamentally understand the reaction of other people disagreeing with me leading to me being more confident in my initial opinion.

Re: Tesla Q3 Financial Results

#90

Post by manigandham »

badfrog wrote: post #85
kick wrote: post #34

Earlier quoted context omitted.

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…

It's not obvious that an 11 year old comment from somebody who's not really involved in the community anymore should be taken as gospel.

It's natural though. Consensus is that votes are for both post quality and agreement. HN seems to be generally good at focusing on the former.
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