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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#201

Post by fshbbdssbbgdd »

ww520 wrote: post #182
fshbbdssbbgdd wrote: post #137

Earlier quoted context omitted.

> 92 MWh of solar generation deployed in Q1, +163% versus a year ago This is a typo (should be 92 MW), but also made me think about how you could have fun metrics like MW/h rate of solar deployed or MW rate of storage deployed.

They can always come up with statistics like 92MW x 5 hours-per-day = 460MWh/day x 365 days = 167,900MWh = 167GWh/year. You can see marketing claim of 167GWh yearly capacity coming online for last year!

The human capacity to invent never ceases to amaze!

Re: Tesla Q1 2021 Results

#202

Post by gkop »

jrallison wrote: post #180
nimithryn wrote: post #171

Earlier quoted context omitted.

I don't find this argument convincing at all. Just ignore the lidar in situations where lidar and vision conflict and you have the original decision. They probably started without lidar due to the cost (Tesla is one of few companies actually selling cars to customers, who are sensitive to price). The price of lidar has come down, but I would guess it requires a fair amount of expensive rearchitecture to add it in now…

"Just ignore the lidar in situations where lidar and vision conflict and you have the original decision." Then why have lidar? If it's only purpose is to agree with vision or you just discard it, then why even have it?

Hypothetically, 1. Improved confidence when both signals agree 2. Improved field and range of view

Re: Tesla Q1 2021 Results

#203

Post by xkjkls »

ajross wrote: post #97
jocker12 wrote: post #33

Earlier quoted context omitted.

This is a very tricky presentation of the larger image. The document mentions the "Premium Sedan" category market, not the entire market. So looking at the Premium Sedan market share in the US (which is arguably the most important market in the world) the numbers show a 1% decline in sales for 2020 - "The midsized car segment continues to lose share in the US car market in 2020. Sales were down 22% in an overall mark…

It seems that in trying to debunk marketing spin you've deployed even worse spin of your own: > the premium sedan category (including Tesla 3) is declining overall Uh... wat? Model 3 sales are growing very rapidly! Trying to argue that they aren't because the category they are being compared to is not is... somewhat weird. I mean, look. The M3 is now selling more cars than Mercedes or BMW do in the same price segment…

> Uh... wat? Model 3 sales are growing very rapidly! Trying to argue that they aren't because the category they are being compared to is not is... somewhat weird.

I mean, kind of? It's much more complicated when you look at market over market. Tesla sales in the US haven't really grown much since the summer of 2019, and that's despite releasing a whole new model in that period. They've definitely been selling more cars, but the majority of that growth is fueled by entering new markets, not growing existing ones. That's important, because both types of growth have different levels of sustainability.

Re: Tesla Q1 2021 Results

#204

Post by arcticbull »

CyberDildonics wrote: post #196
arcticbull wrote: post #168

Earlier quoted context omitted.

> Cryptocurrency is not a stock and lots of people make predictions and bold statements about other things like gold and silver. Surely you have an example then of a publicly traded company picking up a pile of assets like gold or silver, talking them up on social media while selling them? Would your blanket exception for crypto apply to security tokens or just utility tokens? It’s interesting that you once again acc…

Your link stated that the core of securities fraud is about making false positive statements about a company or stock. His statements were not false and not about a company or stock. It is debatable if they were even positive. Even your quote is only saying they wouldn't convert to USD and no time frame is given. There is no "exception" here. > It’s interesting that you once again accuse people of not knowing what th…

> His statements were not false and not about a company or stock. It is debatable if they were even positive.

Correct, it's not about a company or a stock, which is something I led with in my initial reply ("In any other asset class this would be..." -- which I have since learned applies unevenly to security types although for the record I was talking about stock). I haven't said he committed a crime, and I do not believe he has committed a crime.

I think it's pretty distasteful however to take advantage of the crypto community he claims to champion. Your claim he's not actively working them into a froth is certainly at best a generous take. [1]

> ...not about a company or stock. > There is no "exception" here.

This I do not believe to be entirely true. Some of the rules I linked, specifically the Securities Exchange Act, are written to apply to securities, not stock (which are of course a sub-type of security). I believe, and IANAL so this should be taken with a grain of salt, that security tokens should be covered by at least that law.

How about cryptos that represent stock, like the Tesla-stock backed coin Binance launched? That might just be a job for a judge to sort out.

> This is a hallucination. I didn't accuse anyone of anything.

I was making reference to past times you've specifically accused me of not understanding crypto. With that in mind, I read "nothing here would be significant if the other side of the equation wasn't people soaking up the slightest drip of nonsense and turning it into a frenzy of something they don't understand" as referring to me. If it did not, I apologize for misreading.

However, your characterization is once again neither charitable, nor particularly civil.

[1] https://www.forbes.com/sites/ronshevlin/2021/02/21/how-elon-...

Re: Tesla Q1 2021 Results

#205

Post by xkjkls »

austhrow743 wrote: post #152
jocker12 wrote: post #104

Earlier quoted context omitted.

"is... somewhat weird." No, it's not. If you sell more horses worldwide out of the “four legged category” it has no relevance as long as less and less people are buying horses for transportation.

Greatly increasing the number of horses you sold in a time when people are buying less horses overall is a better achievement than doing so when total horse purchases increased, not a worse achievement.

Not necessarily. If you mean by a "we were running against the wind" sense, sure, but if you mean in a "what should the valuation of your company be" sense, no.

Re: Tesla Q1 2021 Results

#206

Post by xkjkls »

nickik wrote: post #74
jocker12 wrote: post #33

Earlier quoted context omitted.

This is a very tricky presentation of the larger image. The document mentions the "Premium Sedan" category market, not the entire market. So looking at the Premium Sedan market share in the US (which is arguably the most important market in the world) the numbers show a 1% decline in sales for 2020 - "The midsized car segment continues to lose share in the US car market in 2020. Sales were down 22% in an overall mark…

If the whole market declines but your share of the overall market raises and you overtake everybody else in that market that is clearly an achievement. Given that this is literally the first mass market car by Tesla, achieving leading sales globally over comparable products by BMW and Mercedes is clearly pretty important. And as they said, they hope Model Y will hopefully be the best selling vehicle globally next yea…

> And as they said, they hope Model Y will hopefully be the best selling vehicle globally next year.

It's very important to wonder "how much of this is EV demand" vs "how much of this is car specific demand". Tesla's Model 3 sales basically declined in lockstep with Model Y's rise: https://cleantechnica.com/2021/02/15/tesla-model-3-model-y-o...

It will be interesting to see if Tesla can grow them simultaneously going forward, but it hasn't really seemed to be the case. This doesn't make me bullish on any prediction that the Model Y is going to be the best selling vehicle globally.

Re: Tesla Q1 2021 Results

#207

Post by xkjkls »

reducesuffering wrote: post #37
11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

I'm surprised by how micro-managey Tesla is with their Model 3/Y prices. Most manufacturers release a static MSRP for that model year. However, Tesla the past year was dropping prices $500-$1,000 periodically. And then as of last month, has raised prices $500-$1,000 twice.

It seems like a bad business practice, because it screws the resale value of any current owners. People want MSRPs to remain relatively consistent to their purchase, and greater uncertainty also generally makes lease rates higher because they need higher prices in order to justify the additional risk they take on.

Re: Tesla Q1 2021 Results

#208

Post by habeebtc »

cs702 wrote: post #132

Whatever you may think of Tesla and Musk, you have to agree that they've accomplished something rather incredible. Few would have thought this possible not that long ago: * 185K vehicle deliveries in Q1, +109% versus a year ago [a] * 2.7K supercharger stations, +41% versus a year ago * 24.5K supercharger connectors, +44% versus a year ago * 92 MW of solar generation deployed in Q1, +163% versus a year ago * 445 MWh o…

I have two separate and (mostly) unrelated feelings.

Musk has done something remarkable as you say.

At the same time, the market cap is nuts and a portent of doom.

Bigger than all car companies combined, by market cap?

A market crash could take down Tesla and set back electric car adoption by 20 years.

Re: Tesla Q1 2021 Results

#209

Post by kamilszybalski »

cs702 wrote: post #132

Whatever you may think of Tesla and Musk, you have to agree that they've accomplished something rather incredible. Few would have thought this possible not that long ago: * 185K vehicle deliveries in Q1, +109% versus a year ago [a] * 2.7K supercharger stations, +41% versus a year ago * 24.5K supercharger connectors, +44% versus a year ago * 92 MW of solar generation deployed in Q1, +163% versus a year ago * 445 MWh o…

They sold some of their BTC holdings right?

Re: Tesla Q1 2021 Results

#210

Post by xkjkls »

yaa_minu wrote: post #184
Plough_Jogger wrote: post #5

One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings

Elon claims they sold the 10% only to prove the liquidity of bitcoin and he himself hasn't sold any of his personal holdings[1] 1. https://twitter.com/elonmusk/status/1386821144037236737

Ah yes, I remember falling for the "we only sold to prove our liquidity" back in my young and naive investment years.
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