Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Q3 Financial Results

ir.tesla.com

Post reply on HN
Print view View original

151–160 of 299 posts

Re: Tesla Q3 Financial Results

#151

Post by sjg007 »

ksec wrote: post #132
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 told my kids either the shares will pay for their college, or they may need some scholarships. Assuming they are teens and old enough to think for themselves. I wonder if they felt safe and happily going out to play or working their ass off trying to get Scholarships. I vaguely remember Tesla discussion on HN not long ago of it being cash strapped and was on the verge of bankrupt. ( Or something similar ). It is t…

My kids are going to work for scholarships if college is in their future. I should have but didn't because my parents didn't understand the game and nobody told me otherwise. There is a balance to this though but I will provide all of the supports I can to help them be the individuals they are.

Re: Tesla Q3 Financial Results

#152

Post by sjg007 »

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…

I think people should get points for sparking discussions. So since you generate a lot of replies you should get some points for that. You can have a 1 point thread that has 10+ comments on it.

Re: Tesla Q3 Financial Results

#153

Post by GCA10 »

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.

Actually (WSJ alum here) our long-ago training was to lead the story with the percentage change in net income, no matter what. The assumption was that in a congested world, that was more likely to be the most useful metric. And it was a simple, easy-to-find number.

Focusing on net income was meant to keep inexperienced reporters from being bamboozled by IR/PR departments that sometimes went to crazy lengths to find something positive in the midst of a crummy report. (One tech company with dwindling sales, profit and market share liked to talk about its strong cash position.)

Of course, that was in the days before up-to-the-second updates on after-hours trading. So now reporters know the market's verdict within a few minutes of the earnings release. That leads to financial-results stories that hunt for something (earnings? revenue? next quarter outlook?) that explains the stock movement. In this environment, different metrics get different levels of prominence all the time.

I wouldn't burn up a lot of energy coming up with conspiratorial reasons why reporters pick different numbers. Inexperience and confusion usually are the simple reasons for 90% of strange decisions. This is probably true in a lot of areas.

Re: Tesla Q3 Financial Results

#154

Post by moneytide1 »

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…

It's up 20% after market though. Inflection point reached? Now it's a matter of organizing the momentum.

Re: Tesla Q3 Financial Results

#155

Post by clouddrover »

tigershark wrote: post #137
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…

All the other car manufacturers are way behind Tesla in pretty much every metric, the most important of which are energy efficiency and safety. Even the much, much more expensive Porsche Taycan S turbo has some margin only in track driving and it will be pretty much destroyed next year by the Tesla S with plaid mode (just looking at the unofficial Nurburgring times) and the new roadster will literally lap it.

> it will be pretty much destroyed next year by the Tesla S with plaid mode

Why don't Tesla's current cars destroy the Taycan? I think it's fair to say that at this time Tesla's a year behind Porsche in the performance EV stakes. Here are some of the Taycan's performance test results which Tesla has so far been unable to match:

- 24 hour endurance run. 3,425 kms covered in 24 hours: https://www.youtube.com/watch?v=4jSG_10_JRg

- Onboard video of their 7:42 run at the Nurburgring: https://www.youtube.com/watch?v=8m31EgQkswg

- Acceleration and handling comparison to the Model S P100D: https://www.thedrive.com/news/30467/watch-a-porsche-taycan-t...

- Model S Plaid's Nurburgring results: https://www.thedrive.com/news/29946/porsche-taycan-laps-brok...

And no onboard video yet from any of Tesla's Nurburgring runs unfortunately. It's also disappointing that Tesla isn't bringing any of its current cars to the Nurburgring.

> the new roadster will literally lap it

That seems unlikely. To literally lap the Taycan the new Roadster will need to achieve a 3:50 lap time.

The current electric lap record is 6:05 held by the Volkswagen ID.R: https://www.youtube.com/watch?v=c3w3fVS-SgQ

And the overall record is 5:19 held by the Porsche 919 Evo: https://www.youtube.com/watch?v=PQmSUHhP3ug

Re: Tesla Q3 Financial Results

#156

Post by Obi_Juan_Kenobi »

dmix wrote: post #98
danhak wrote: post #27

Earlier quoted context omitted.

No, Model X will remain as the larger and more expensive SUV. Model Y will be smaller, less expensive and compete in the "luxury crossover" segment (Mercedes GLA, BMW X3 etc)

Ah, I see. The crossover market is huge in Asia so that should go well for them...

It's huge everywhere; a relatively smooth roll-out of the Y would be enormous for Tesla.

Re: Tesla Q3 Financial Results

#157

Post by sansnomme »

zaroth wrote: post #58
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…

And you know what? All the headlines are true! Knowing which takeaways matter is the hard part, and particularly with investing, if you did know, you’d be very rich. 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…

Won't being locally built diminish its attractiveness?

Re: Tesla Q3 Financial Results

#158

Post by vonmoltke »

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

For what it's worth, I think PG is completely wrong on this. The site was designed, via progressive lightening, to censor downvoted posts. His statement is essentially permission to censor dissent and doesn't make for a healthy conversation.

Re: Tesla Q3 Financial Results

#159

Post by [deleted] »

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…

[deleted]
Post reply on HN