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Q2 2020 Update

ir.tesla.com

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Re: Q2 2020 Update

#141

Post by cozzyd »

eyesee wrote: post #21
kccqzy wrote: post #11

Off topic but why is the document written with painful amount of tracking? (By tracking I mean in the typography sense, i.e. letter spacing, not that the document is tracking you.) It almost seems like they don't want people to actually read the document.

I suspect they're not embedding the correct font in the PDF, leading to strange spacing.

Indeed, it's using some font named GothamSSm which is not embedded and getting replaced by some random Sans font by your PDF viewer. What idiotic PDF generator doesn't automatically embed non-standard fonts? (apparently Powerpoint...)

Re: Q2 2020 Update

#142

Post by itsoktocry »

modeless wrote: post #70
itsoktocry wrote: post #26

Earlier quoted context omitted.

> If they wanted to show profits today they could give up building and expanding factories and stop entering new product categories Can you show me in the financial statements where this "aggressive investing" in factories is, and how it affects net profit? Why are they doing it if revenues are stagnant?

Factory construction expenses aren't explicitly broken out in the financials. But cutting R&D could more than double their net income this quarter, if they wanted. What's your point? Do you believe that doubling their number of vehicle factories along with significant expansions at both existing factories isn't having a material impact on their expenses? They are doing it because they need more capacity to increase r…

>But cutting R&D could more than double their net income this quarter, if they wanted. What's your point?

What's your point? That if we exclude all expenses from their income statement they'd be profitable? Unfortunately, they can't do that.

>They are doing it because they need more capacity to increase revenue

Are any of their factories running near capacity?

>And do you really think that comparing this quarter YoY is a good way to evaluate their revenue growth?

Probably not. Q1 y-o-y wasn't great either though.

Re: Q2 2020 Update

#143

Post by andrewxdiamond »

xchaotic wrote: post #134

Purely anecdotal but we are in the market for a new car when our current lease runs out. We were looking at Tesla and the quality is not there and dealerships means we can’t test etc. The valuation is crazy, VW can literally flip the switch and start producing more e-Golfs etc when the demand is there.

If VW could do that, why havent they? Tesla proved there is a market

Re: Q2 2020 Update

#144

Post by darawk »

thecopy wrote: post #129
qeternity wrote: post #116

Earlier quoted context omitted.

For bulls, TSLA isn’t a car company. It’s the climate change company. They are the best bet right now to upend the entire power mix. I’m not saying I agree with this. Even if achieved, the amount of future success being priced in today is extraordinary. Combine that with a stock that’s become “cool” to own with retail, and the huge short interest...and well it starts to make sense. TSLA price action at the moment is…

>It’s the climate change company What does this mean? ELI5 pls

It means that all the dollars that people expect to eventually spend fighting climate change will largely be captured by Tesla.

Re: Q2 2020 Update

#145

Post by WJW »

thecopy wrote: post #129
qeternity wrote: post #116

Earlier quoted context omitted.

For bulls, TSLA isn’t a car company. It’s the climate change company. They are the best bet right now to upend the entire power mix. I’m not saying I agree with this. Even if achieved, the amount of future success being priced in today is extraordinary. Combine that with a stock that’s become “cool” to own with retail, and the huge short interest...and well it starts to make sense. TSLA price action at the moment is…

>It’s the climate change company What does this mean? ELI5 pls

They mean that in the mind of "the general public", Tesla is the foremost company "doing stuff" about climate change. Therefore, by owning Tesla stock you can get warm glowy feels about making a difference. You might also gain coolness points by mentioning that you are "a Tesla investor" to people that care about such matters.

Re: Q2 2020 Update

#146

Post by grecy »

jpdus wrote: post #123
grecy wrote: post #68

Earlier quoted context omitted.

[flagged]

Sure, stock prices are forward looking. However, nothing what you wrote is new information. All this was priced in BEFORE Tesla's stock price quadrupled again.

But now they have a factory in China, the one in Germany is going ahead quickly, and they just announced the one in Texas.

Before they promised very rapid growth, now they're actually doing it.

Re: Q2 2020 Update

#147

Post by CydeWeys »

xchaotic wrote: post #134

Purely anecdotal but we are in the market for a new car when our current lease runs out. We were looking at Tesla and the quality is not there and dealerships means we can’t test etc. The valuation is crazy, VW can literally flip the switch and start producing more e-Golfs etc when the demand is there.

So you'll be getting the e-Golf? I just looked it up and its range is only 123 miles; is that enough?

Re: Q2 2020 Update

#148

Post by baggachipz »

xoxoy wrote: post #113
baggachipz wrote: post #76

Earlier quoted context omitted.

I think it'll surprise you how long it lasts. These big car companies take a long time to change in a meaningful manner and every month they spend trying to do that is time Tesla is advancing themselves. These credits should stick around (albeit in a diminishing manner) for at least a few more years.

look at the pipeline for EVs coming to market in 2021/2022. there are dozens.

"There are dozens of us! Dozens!"

Though many cars have been announced, I can virtually guarantee most of them will be late or never arrive. Not one EV has arrived on market when it was actually announced to do so. These take lots of time and money to produce.

Re: Q2 2020 Update

#149

Post by laluser »

jfengel wrote: post #69
marc__1 wrote: post #12

Earlier quoted context omitted.

High, because of the Criteria to join the S&P500[0]: - a market cap of $8.2 billion - its headquarters in the U.S. - the value of its market capitalization trade annually at least a quarter-million of its shares trade in each of the previous six months - most of its shares in the public’s hands - at least a year since its initial public offering - the sum of the previous four quarters of earnings must be positive as…

If they are added to S&P 500, does that mean that a bunch of index tracking funds buying it all at once? I would assume that's already been priced in, if so.

Eventually, but it doesn't necessarily need to happen right away.

Re: Q2 2020 Update

#150

Post by coliveira »

ckastner wrote: post #89
marc__1 wrote: post #28

Earlier quoted context omitted.

Tesla posted positive free cash flow (CFO - capex) for 4 of the last 5 quarters (page 24) and it the only company with increase in # of deliveries among the 10 largest autos globally (page 7). Gross margins >20% is also best in class in the auto industry The list goes on in terms of growth & profitability

> "The list goes on in terms of growth & profitability" It better. Tesla has a market cap of 4x that of VW, a car maker with €256bn revenue and ~€17bn profit in 2019. It is beyond me why anyone would buy this stock over VW, let alone pay 4x the price for it. Even if Tesla could put out 900K cars in a quarter instead of the current 90K, they'd still not come even close to the competition is terms of financial success.…

Everyone investing on Tesla is counting on it becoming a kind a Facebook for Cars, using the power of its stock to kill and buy competitors. That reasoning is not far from a possibility given the aggressiveness, bordering on the illegality, practiced by the company in its dealings with governments and the stock market.
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