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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#241

Post by xkjkls »

Gibbon1 wrote: post #221
paulpauper wrote: post #203

Earlier quoted context omitted.

>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.

They also have enormous debts, negative working capital, and their CapEx hasn't come close to depreciation for a few quarters.

Re: Tesla Q3 Financial Results

#242

Post by xkjkls »

appleiigs wrote: post #30
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…

My friend is long TSLA because he hopes it will pay for his Tesla.

That sounds pretty weird when you talk about it. Like I'm long Aetna because I hope it will pay for my colonoscopy.

Re: Tesla Q3 Financial Results

#243

Post by xkjkls »

synaesthesisx wrote: post #123
hizanberg wrote: post #41

Normally I invest in companies who I believe are undervalued and have solid fundamentals/profitability and are well positioned for future growth. TSLA is one of my few "emotional investments" of companies I've invested in because I want it to succeed. IMO its share price is highly speculatively priced, but I expect they'll eventually be able to maintain profitability to justify it as they're best positioned to benefi…

I feel the same way - as someone who has been invested in $TSLA since it was $34 my risk is now effectively zero. I look forward to watching the company continue to succeed beyond imagination (although I have a serious disdain for FUD-spreading shorts).

How have the shorts succeed beyond your imagination. If you look at their EPS estimates over the last year for this quarter, they've gone from $2 a share to -$0.40, sure they beat the estimate of -$0.40, but with after hours gains the stock has gone from $380 -> $300 with them posting EPS of 30-40% lower.

Re: Tesla Q3 Financial Results

#244

Post by xkjkls »

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?

Have they really hired staff yet? I'm very skeptical anytime Elon places a date on something to be ready.

Re: Tesla Q3 Financial Results

#245

Post by xkjkls »

kentlyons wrote: post #179
aazaa wrote: post #121

Tesla as a long term investment going forward largely depends on whether you view the electric car as a disruptive innovation (breaks established car companies' business models) or sustaining innovation (does not break established car companies' business models). Established players tend to have the upper hand for sustaining innovation. Sustaining innovation can start at the top of a market and work down. Disruptive…

Tesla is probably a new market disruption. If so electric is a bit of a red herring. There is some evidence of this with the trade in data. The analogy is apple taking out Nokia Motorola and Blackberry with a phone that wasn't good by the standards of the day since it was playing a different game.

Why? Effectively assembling vehicles at margin seems to be the major key to the auto industry EV or ICE. The existing competitors still have greater skill at that.

Re: Tesla Q3 Financial Results

#246

Post by dependsontheq »

btilly wrote: post #97
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…

I have been aware for about 20 years that on technology trends, all the car companies will release electric cars somewhere near 2020. And that once they do the agenda of manufacturers and car dealers will be at odds. Manufacturers will want to sell electric because that is the future, and car dealers will want to push gas cars to capture the future maintenance revenue. With the result that manufacturers will find tha…

Most OEMs know that and redefined their dealer relationships in the last years https://www.cbtnews.com/what-does-vws-new-european-dealer-ag...

Re: Tesla Q3 Financial Results

#247

Post by AnthonyMouse »

xkjkls wrote: post #227
FighterMafia wrote: post #191

Earlier quoted context omitted.

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.

It's not really that surprising. The growth expectations are taking into account that there are still several new markets to enter (Model Y, pickup, semi, etc.) and that continued reductions in manufacturing costs should allow lower prices which lead to higher sales volumes.

But last year there were more tax credits, which front-loaded a lot of sales into a year ago, and they haven't released a new model this year. So this YoY decline wasn't that this quarter was unusually bad, it was that this quarter a year ago was unusually good.

Re: Tesla Q3 Financial Results

#249

Post by Yizahi »

xkjkls wrote: post #233
bradgessler wrote: post #210

Earlier quoted context omitted.

One big reason I built https://legiblenews.com/ , which scrapes Wikipedia’s news once a day for headlines, is because their agenda is to be encyclopedic. The headlines link to encyclopedia articles (except for the sources obviously) where if clicked, people might accidentally learn something.

Wikipedia has its own enormous biases; it's editor population is enormously white, male, and American. That changes the filter of what they believe to be notable.

I don't see a realistic way to include every social group of human, proportionally to their impact. This is enormous task. And if we could - would you read news that has 20% content praising chairman Winnie-the-Pooh Xi? Because that's what proportional system would bring. Or 20% news about benefits of peasful islam.

If whole country pushes certain narrative would it make the truth due to sheer number of supporters?

PS: I'm not saying that WASP news are unbiased.

Re: Tesla Q3 Financial Results

#250

Post by ameen »

xkjkls wrote: post #230
paulpauper wrote: post #206

Earlier quoted context omitted.

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.

The Verge and other Vox publications definitely do push an anti-tech angle is it's digestible by the populace.
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