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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#221

Post by Gibbon1 »

paulpauper wrote: post #203
ksec wrote: post #132

Earlier quoted context omitted.

>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…

>I vaguely remember Tesla discussion on HN not long ago of it being cash strapped and was on the verge of bankrupt. That is called fud. They omitted the part about Tesla being able to raise capital very cheaply and easily and about how Tesla is cash-flow positive. I think his kids will be fine. If Tesla were truly in dire straits as the media said it was, the stock price would have reflected that (single digits or lo…

I remember that stuff. Passing look at the financials would tell you it was all bullshit. Tesla had enough cash to keep eating their losses for another two years. Making money on unit sales. And had a couple hundred thousand preorders.

Re: Tesla Q3 Financial Results

#222

Post by Gibbon1 »

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…

> Taycan

A completely unimportant toy.

Re: Tesla Q3 Financial Results

#223

Post by Gibbon1 »

vonmoltke wrote: post #158
kick wrote: post #35

Earlier quoted context omitted.

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.

Hoovering up and aggregating commentary from those that actually produce content and then imposing a censorship regime on it is the point of HN.

Re: Tesla Q3 Financial Results

#224

Post by clouddrover »

dd36 wrote: post #198
manigandham wrote: post #88

Earlier quoted context omitted.

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.

Style is subjective. Everywhere else it under performs a Model S and costs twice as much.

> Everywhere else it under performs a Model S

That isn't the practical reality:

https://www.thedrive.com/news/30467/watch-a-porsche-taycan-t...

https://www.thedrive.com/news/29946/porsche-taycan-laps-brok...

A Nissan Leaf can also hunt down the Model S on track:

https://insideevs.com/news/359903/video-nissan-leaf-beats-te...

Re: Tesla Q3 Financial Results

#225

Post by _ph_ »

zaroth wrote: post #218
Richard_East wrote: post #209

Earlier quoted context omitted.

To really take off in Europe, they need a smaller vehicle. Something the size of a BMW 1-series. Streets here are very narrow.

Model 3 is not tiny, but it’s IMO as small as you would ever want a car that travels highway speeds for safety reasons. I doubt Tesla will ever make a tiny 2-seater but I guess if the market is there they will follow it! BMW 1: 173” x 69” Model 3: 184” x 72.8”

Size is somewhat overrated with respect of safety. If you crash at high speeds, the safety of the car will little help you, unless you get the impact speed down to below 60kp/h.

The BMW 1 series and of course the best-selling VW Golf are both quite a bit smaller than a Model 3, still set up to 5 and also driven at high speeds exceeding 200kp/h over here. So there would be some market for a more compact Tesla.

But I think Tesla has currently enough on their plate and enough upcoming models, going into smaller (and cheaper) models will make sense only when they have perfectioned their manufacturing chain as the margins will be smaller.

Re: Tesla Q3 Financial Results

#226

Post by xkjkls »

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…

I mean, all of these are true. WSJ's quarterly profit decline is probably the least accurate headline. To be honest, the fact that they have a YoY revenue decline is much more significant.

Re: Tesla Q3 Financial Results

#227

Post by xkjkls »

FighterMafia wrote: post #191
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…

well, all you need to know is if they beat Street expectations for EPS and FCF...which they did...massively...which is why the stock is up 20% after hours.

Still, a stock valued for massive growth with a revenue decline is definitely something that should leave you with a bad taste in your mouth.

Re: Tesla Q3 Financial Results

#228

Post by xkjkls »

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?

Brands aren't usually valued by where they are manufactured. People don't care that Foxconn assembles their iPhones.

Re: Tesla Q3 Financial Results

#229

Post by xkjkls »

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.

Not usually -- most of these articles end up being consumed very quickly after publication, so A/B testing wouldn't yield any actionable data.

Re: Tesla Q3 Financial Results

#230

Post by xkjkls »

paulpauper wrote: post #206
jaimex2 wrote: post #112

Earlier quoted context omitted.

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.

Verge has anti big tech bias. anti amazon anti Tesla, anti anything or anyone that is big and successful or rich.

Really? I'd say the opposite. They love tech. That's the bread and butter of what they cover. Any anti-articles are due to the fact that that is almost all they cover.
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