Am I reading this right? They have 25% profit margin on each automotive? Feels like a tech company's margins. Does anyone know how it compares to traditional automakers?
Is 25% high? I have no clue.
For cars, yeah
Tesla Q1 2020 Update
81–90 of 391 posts
Re: Tesla Q1 2020 Update
#82Earlier quoted context omitted.
I just don't want a batshit crazy person running a company I invest in.
I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…
> They can't handle when someone is expressive (aka the Tesla @ 420 tweet, he simply expresses his opinion)
He tweeted about having money to take Tesla private, which from what I remember turned out to be false. Lying is not being expressive, it's just that: lying.
Re: Tesla Q1 2020 Update
#83Earlier quoted context omitted.
- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon? I have read this from so many people for the last 5 years all the time. Sure, the tweets show that Elon wants faster growth, and frustrated, and I didn't like that tweet either, but if you want a conservative CEO, buy IBM or Oracle stocks, please leave Tesla alone.
I just don't want a batshit crazy person running a company I invest in.
To be fairly honest, lots of extremely competent people hold some batshit insane opinions about a lot of pretty important things.
I posit Steve Jobs and his alternative therapy beliefs: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4924574/
Re: Tesla Q1 2020 Update
#84Earlier quoted context omitted.
I doubt it. He's worth $38.5 billion; $26b of that is in Tesla. He can shave off hundreds of millions of dollars from that any day of the week - if he cared to do so. The compensation package is relatively small compared to his existing wealth already contained in Tesla. Wanting the company to succeed is what most likely motivates him, not the compensation package (which is aligned with his existing interests, even i…
Then why have a compensation package like that if it's just a rounding error for him? Maybe people like him can't stand to lose out on a dollar, especially when they believe they deserve it.
Going to Mars isn't cheap.
Re: Tesla Q1 2020 Update
#85Earlier quoted context omitted.
I just don't want a batshit crazy person running a company I invest in.
I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…
See, it's precisely this cult of personality I can't stand about Tesla.
Re: Tesla Q1 2020 Update
#86Earlier quoted context omitted.
- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon? I have read this from so many people for the last 5 years all the time. Sure, the tweets show that Elon wants faster growth, and frustrated, and I didn't like that tweet either, but if you want a conservative CEO, buy IBM or Oracle stocks, please leave Tesla alone.
I just don't want a batshit crazy person running a company I invest in.
He's been running the company since it was public so if you consider him batshit crazy then I'm sure you don't own any stock.
Re: Tesla Q1 2020 Update
#87Re: Tesla Q1 2020 Update
#88Earlier quoted context omitted.
I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…
> Most people can't handle that Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price. And since when are arguments derived from first principles delivered in 3 word all-caps tweets?
You think Elon Musk's motivation is greed? That people going back to work or not will greatly affect his lifestyle?
Is there any nuance when it comes to Elon Musk, or only fan-boys and haters?
Re: Tesla Q1 2020 Update
#89Earlier quoted context omitted.
Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy
I've noticed that companies' stock prices don't always correlate to the performance of their past quarter. Wonder why
Maybe the market is not so intelligent after all.
Re: Tesla Q1 2020 Update
#90Am I reading this right? They have 25% profit margin on each automotive? Feels like a tech company's margins. Does anyone know how it compares to traditional automakers?
I don't think that includes CapEx. So they're making 25% on each car, but they have to spend several billion dollars building a factory to manufacture them that turned up on their balance sheet in previous years. In the same way they're making 25% margin on their car, but they're still losing money - because it all goes into building the facilities to manufacture their next model.