Tesla Q3 Financial Results • Hacker News Board

Re: Tesla Q3 Financial Results

#111

Post by OnlineGladiator » Wed, Oct 23, 2019, 10:54 PM UTC

Sohcahtoa82 wrote: post #72

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…

> 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.

I think the hope is the Porsche Taycan will be a legitimate track car. Teslas are still known to overheat, and I have yet to find a single example of someone tracking a Tesla for even 5 laps in a row (I am aware of the Model 3 Track mode, but either nobody is using it or it doesn't work).

EDIT: Found this article:

https://insideevs.com/news/367599/video-tesla-model-3-track-...

So it is doing significantly better than what I originally stated, although apparently you're only going to get about 30 minutes of driving before you have to recharge. That takes a few minutes with gasoline, and a few hours with electric (at 80% you won't even last the 30 minutes).

There are some interesting comments on that article, someone calculates the car will only last about 15 minutes on a really demanding track.

Re: Tesla Q3 Financial Results

#112

Post by jaimex2 » Wed, Oct 23, 2019, 10:56 PM UTC

user5994461 wrote: post #99

slg wrote: post #55

Earlier quoted context omitted.

Part of the problem is that the Internet has resulted in lots of these news outlets simply trying to be first on a story and then editing articles in real time. For example, that negative WSJ headline doesn't appear to exist anymore and now their article on the subject it titled "Tesla Holds Down Expenses, and Its Shares Surge" with the 54% number relegated to a subheading. Odds are that article will continue to be e…

Bet there are always multiple headlines and they're A/B tested for the most views.

Cry wolf enough times and you just start getting ignored though. I can't say I ever click on any Business Insider or the Verge articles anymore regardless of title.

Re: Tesla Q3 Financial Results

#113

Post by mulcahey » Wed, Oct 23, 2019, 10:56 PM UTC

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…

They can significantly grow with declining market share if the market for electric cars itself grows significantly. That market is currently < 1% of all cars sold.

Re: Tesla Q3 Financial Results

#114

Post by Franciscouzo » Wed, Oct 23, 2019, 10:58 PM UTC

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…

Why the need to add "today", has news ever been any different in that regard?

Re: Tesla Q3 Financial Results

#115

Post by Sohcahtoa82 » Wed, Oct 23, 2019, 10:59 PM UTC

OnlineGladiator wrote: post #111

Sohcahtoa82 wrote: post #72

Earlier quoted context omitted.

> 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.

I think the hope is the Porsche Taycan will be a legitimate track car. Teslas are still known to overheat, and I have yet to find a single example of someone tracking a Tesla for even 5 laps in a row (I am aware of the Model 3 Track mode, but either nobody is using it or it doesn't work). EDIT: Found this article: https://insideevs.com/news/367599/video-tesla-model-3-track-... So it is doing significantly better than…

I will definitely concede that Tesla's cooling is insufficient for track use.

Track mode pre-cools the batteries when you enable it (among other things), which allows you to go for longer, but it only delays the inevitable.

I'm interested to see if the Model S Plaid edition and Roadster 2.0 have better cooling to make them better on a track.

Re: Tesla Q3 Financial Results

#116

Post by arminiusreturns » Wed, Oct 23, 2019, 11:00 PM UTC

kick wrote: post #35

arminiusreturns wrote: post #32

Earlier quoted context omitted.

The downvote button isn't for disagreement ffs!

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/item?id=117171

I stand corrected...

Re: Tesla Q3 Financial Results

#117

Post by woodpanel » Wed, Oct 23, 2019, 11:00 PM UTC

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?

China is full of these stories and it's indeed impressive.

But I also often come to think: It's just the power of never ending supply of cheap, un-unionizable labor [1], with no political self-determination and thus close to zero binding building restrictions nor environmental ones.

[1] of course, in a socialist state there is a union. One, and only one, that is working for the government.

Re: Tesla Q3 Financial Results

#118

Post by jaimex2 » Wed, Oct 23, 2019, 11:02 PM UTC

pcurve wrote: post #87

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?

The trading bots work in mysterious ways.

Re: Tesla Q3 Financial Results

#119

Post by grumpy8 » Wed, Oct 23, 2019, 11:05 PM UTC

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.

imho was still a fair question, no need to downvote. Not arguing with the index argument, but I've had finance "experts" trying to pull similar tricks on me by using weird years, etc.

Re: Tesla Q3 Financial Results

#120

Post by lutorm » Wed, Oct 23, 2019, 11:08 PM UTC

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…

Every piece of market news that says "market change X, because incident Y" is pure speculation since there is no way to establish Y as the cause. I wish they would just say "X happened, and also Y" and stop thinking they can attribute cause and effect.