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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#161

Post by jiveturkey »

sjg007 wrote: post #152
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…

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.

Agreed. Been wanting to post this comment for some time now:

When comments are downvoted, sometimes to oblivion, yet have many and deep set of replies, doesn't that indicate something wrong with the downvotes? The point is to have a substantive discussion and in the case (which is common) I'm noting, the downvoted comment has done just that.

I think any comment should get implied/automatic upvotes for each reply, on a power scale. Say a floor of 2 or maybe 3, then after that 1 or more points for each child comment increasing as the number of comments increase.

I realize that system is subject to abuse, but does it really matter? Whereas OTOH it prevents the echo chamber for hot button topics.

At this time, the now actually dead GP comment has 30 children! It is by definition a worthy comment.

Re: Tesla Q3 Financial Results

#162

Post by Obi_Juan_Kenobi »

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?

Tesla, with this report, is looking much more like a mature company that is attractive to traditional investors.

They have a 'headwind' in that they're selling less expensive cars, leasing more, and continuing large expansions in manufacturing (gig 3) and service.

Nevertheless, they've reigned in costs and are putting up disciplined profits just the same. Their results are aggressive, but calculated. It's a far different situation from the 'bet the company' roll-out of the Model 3. They weathered the storm, and are doing what they can to provide confidence to investors.

The last earning report was their first indication of being 'through the woods'. This more-or-less confirms the trend, so you can start looking ahead. Tesla has several very interesting projects going forward, and now it looks like they have the core business they need to sustain that.

It's very easy to read this as an inflection point.

The last inflection was the Model 3 announcement. Things were looking optimistic, and share prices reflected that. But the Model 3 launch was anything but smooth, and there was a reasonable argument to be made that Tesla would fall, not merely stumble.

My guess; reasonable numbers from China will drive a new ATH.

Re: Tesla Q3 Financial Results

#163

Post by bronson »

OnlineGladiator wrote: post #149
Retric wrote: post #148

Earlier quoted context omitted.

Hill climb races tend to be a few minutes and would work just fine with electric vehicles. EX: https://en.m.wikipedia.org/wiki/Pikes_Peak_International_Hil...

I concede, it would be really awesome to watch EV cars attempt Pike's Peak. I'm actually surprised how well it seems to cater towards their capabilities.

You can: https://www.youtube.com/watch?v=QnH15dejp0s

(the Volkswagen 2018 full drive)

Re: Tesla Q3 Financial Results

#164

Post by kick »

jiveturkey wrote: post #161
sjg007 wrote: post #152

Earlier quoted context omitted.

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.

Agreed. Been wanting to post this comment for some time now: When comments are downvoted, sometimes to oblivion, yet have many and deep set of replies, doesn't that indicate something wrong with the downvotes? The point is to have a substantive discussion and in the case (which is common) I'm noting, the downvoted comment has done just that. I think any comment should get implied/automatic upvotes for each reply, on…

Not all discussion is good discussion. Quality over quantity, as 'dang has said in the past.

Re: Tesla Q3 Financial Results

#165

Post by jiveturkey »

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 think the hope is the Porsche Taycan will be a legitimate track car.

No, that is definitely not the hope. The Taycan weighs over 5000 pounds. It will not be a track car.

The hope is that the build quality will be typical Porsche. Whereas the build quality and ergonomics of a Tesla, well hasn't been seen for 30 or even 40 years, at least not in the West.

Re: Tesla Q3 Financial Results

#166

Post by sjg007 »

kick wrote: post #164
jiveturkey wrote: post #161

Earlier quoted context omitted.

Agreed. Been wanting to post this comment for some time now: When comments are downvoted, sometimes to oblivion, yet have many and deep set of replies, doesn't that indicate something wrong with the downvotes? The point is to have a substantive discussion and in the case (which is common) I'm noting, the downvoted comment has done just that. I think any comment should get implied/automatic upvotes for each reply, on…

Not all discussion is good discussion. Quality over quantity, as 'dang has said in the past.

That only makes sense in this case if the parent comment is a troll comment but there are cases which clearly are not.

Re: Tesla Q3 Financial Results

#167

Post by sorenjan »

clouddrover wrote: post #155
tigershark wrote: post #137

Earlier quoted context omitted.

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=4j…

You can add the moose handling test to the list: https://www.reddit.com/r/teslamotors/comments/dhsofz/tesla_m...

Re: Tesla Q3 Financial Results

#168

Post by a13n »

steelframe wrote: post #46
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 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.

How is this calculated? Simply by taking the average of every stock you could possibly invest in? On NASDAQ + NYSE?

Re: Tesla Q3 Financial Results

#169

Post by sjg007 »

jiveturkey wrote: post #161
sjg007 wrote: post #152

Earlier quoted context omitted.

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.

Agreed. Been wanting to post this comment for some time now: When comments are downvoted, sometimes to oblivion, yet have many and deep set of replies, doesn't that indicate something wrong with the downvotes? The point is to have a substantive discussion and in the case (which is common) I'm noting, the downvoted comment has done just that. I think any comment should get implied/automatic upvotes for each reply, on…

I think you'd get 1/2^n for replies, where n is the level depth.

Re: Tesla Q3 Financial Results

#170

Post by starfallg »

sansnomme wrote: post #157
zaroth wrote: post #58

Earlier quoted context omitted.

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?

A lot of European carmakers already assemble in China, partnered with local companies via joint ventures due to regulations. Tesla's G3 is the first major 100% foreign owned car factory in China IIRC.
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