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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#261

Post by clouddrover »

dna_polymerase wrote: post #255
clouddrover wrote: post #155

Earlier quoted context omitted.

> 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…

None of those metrics are important to average daily use. Taycan is way more expensive and the only gain is on some dumb benchmarks. Also, I'd never buy a car of the Volkswagen Group ever. They are criminals, liars and their handling of the Diesel scandal is disgusting.

> None of those metrics are important to average daily use

The Taycan is a performance sports car. Why are you surprised that they emphasize its performance and the repeatability of that performance? It's what the car is built to do:

https://www.youtube.com/watch?v=TP9kokeyxGU

Re: Tesla Q3 Financial Results

#262

Post by anjc »

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.

Probably not the best strategy to put essential money into a growth stock during an unprecedented bull run and expect the growth to continue for another 9 years. The likes of TSLA being at a higher price than today in 20-30 years are decent, but in 9 years? Very uncertain. See: every growth stock that hit a peak in 2000, and what happened in the following 9 years.

At the very least, it's probably not the best idea to tell your kids that this is what you're doing.

Re: Tesla Q3 Financial Results

#263

Post by Cthulhu_ »

gok wrote: post #105
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…

> They had one prior profitable quarter which happened to be Q3 2018 Both Q3 and Q4 2018 were profitable, and so was Q3 2016, and Q1 2013.

And keep in mind profit is not actually that relevant in many ways; notoriously, AMD has been operating at a loss for most of its existence (iirc).

Re: Tesla Q3 Financial Results

#264

Post by hoseja »

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…

"Their market share can only go down.", the FUDder cries while ignoring the fact Tesla created the entire market and it's exploding rapidly.

Re: Tesla Q3 Financial Results

#266

Post by navigatesol »

dmode wrote: post #133
gamblor956 wrote: post #106

Earlier quoted context omitted.

It's very easy to manipulate financial results without illegally cooking the books. It all comes down to timing when you incur/pay expenses and when you record sales. Tesla has openly engaged in this in prior quarters, which is why their stellar quarters are usually followed by abysmal quarters. Cooking the books would involve changing the actual numbers. Not many people are alleging this.

You can play with your net income numbers, but your top line revenue, gross margin, cash flow, and cash on hand are hard to manipulate

>cash flow, and cash on hand are hard to manipulate

Cash flow and cash on hand can be easily manipulated by not paying bills.

Net Income can be manipulated one-time items.

This will all come out in the 10Q, but in the meantime, Elon realiszed that people will not lend money to cash-burning "startups", so we get another "profit".

Re: Tesla Q3 Financial Results

#267

Post by navigatesol »

erikpukinskis wrote: post #131
navigatesol wrote: post #104

Earlier quoted context omitted.

What's even the point of talking about timelines? Tesla's history of achieving them is horrible.

Noisy information still contains information. Consistently biased information is even better... it contains exactly the same data as unbiased information.

>Noisy information still contains information.

I mostly mean: why are people saying "He bumped up the Model Y launch a couple months" when both deadlines were sort of irrelevant. They are years behind on others.

Re: Tesla Q3 Financial Results

#268

Post by navigatesol »

gamblor956 wrote: post #106
navigatesol wrote: post #101

Earlier quoted context omitted.

Another miracle quarter before a capital raise. If you don't think Tesla are paying fast and loose with their books, while at the same time playing games in China, I don't know what to tell you. Silicon Valley's an easy place to sucker.

It's very easy to manipulate financial results without illegally cooking the books. It all comes down to timing when you incur/pay expenses and when you record sales. Tesla has openly engaged in this in prior quarters, which is why their stellar quarters are usually followed by abysmal quarters. Cooking the books would involve changing the actual numbers. Not many people are alleging this.

>Noisy information still contains information.

I didn't use the term "cooking", but I agree, which is why I don't take the numbers at face value.

Also, why does Elon get a pass with the China stuff? Here we are in a trade war with this country, who consistently attacks our IT, economy and culture, who are commiting atrocities in their own country, and yet Musk is given kudos for building factories and raising money over there from the "save the planet" crowd. Astonishing.

Re: Tesla Q3 Financial Results

#269

Post by navigatesol »

mikorym wrote: post #252
zaroth wrote: post #215

Earlier quoted context omitted.

Damn I should have known that. You hear so many deride Tesla over and over I internalized the “they were profitable for one damn quarter” and took it as fact. March, 2013 - $ 11.5M September, 2016 - $ 21.88M September, 2018 - $311M December, 2018 - $139M September, 2019 - $143M

In terms of being profitable or not a quarter, can't you use accounting techniques to twist this? I know that you can play off assets that still need to be paid as income. Or is the meaning always precise? For example, the first two don't say much; the third is much more significant and probably difficult to fake. Personally, I think the most important is whether they can follow their game plan: make a lot of debt fo…

>can't you use accounting techniques to twist this?

Yes. Elon literally said, "Profits from here on out!" the last time they made profits. Then, Tesla proceeeded to lose 700MM the next quarter.

Re: Tesla Q3 Financial Results

#270

Post by navigatesol »

Cthulhu_ wrote: post #263
gok wrote: post #105

Earlier quoted context omitted.

> They had one prior profitable quarter which happened to be Q3 2018 Both Q3 and Q4 2018 were profitable, and so was Q3 2016, and Q1 2013.

And keep in mind profit is not actually that relevant in many ways; notoriously, AMD has been operating at a loss for most of its existence (iirc).

>AMD has been operating at a loss for most of its existence

And this makes profit irrelevant how exactly?

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