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Tesla Smashes Earnings And Revenue Expectations

businessinsider.com

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Re: Tesla Smashes Earnings And Revenue Expectations

#71

Post by cb33 »

olefoo wrote: post #61
toomuchtodo wrote: post #20

Earlier quoted context omitted.

Are they even in production? I know if I write a check I can get a Tesla.

I've driven one. They're fun, they tilt to the curve. And they're more practical for a single city-dweller. Also, whoever downvoted me... can we keep this civil please? That HACKER news is becoming a place where people downvote mentions of upstart disruptive competitors in an attempt to curry the favor of well funded established companies. Is just kind of, sad.

I think people just disagree with your comment...

Re: Tesla Smashes Earnings And Revenue Expectations

#72

Post by johnward »

dangrossman wrote: post #66
anateus wrote: post #29

The last several months in Silicon Valley I do not remember the last time I went outside for more than 5 minutes and not seen a Tesla. I noticed about a week ago I stopped caring, much as I do not especially remark on noticing a Honda or a Ford. That's a good sign, though likely very geographically localized.

> though likely very geographically localized I live a bit outside Philadelphia (but visit the city proper often), and haven't seen a Tesla here yet.

I've seen 2 in Pittsburgh. I see one driving what I can estimate is ~30-40miles one way every day.

Re: Tesla Smashes Earnings And Revenue Expectations

#73

Post by jonknee »

lambda wrote: post #67
cloudwalking wrote: post #8

This is the first of many profitable quarters for Tesla. The Model S is a better car in every single regard (except for range), than any other car on the market. It is safer, faster, roomier, more fun to drive, has more storage, quieter, more convenient, and less polluting. Electric vehicles will displace combustion vehicles. Everything that makes a car, the electric car does better. Right now the electric vehicle ma…

> in every single regard (except for range) And price, and convenience. > more convenient No it's not. The lower range, low number of charging stations, and long charging times make it quite inconvenient for long trips. I bought a used car 3 years ago for less than the cost Tesla charges for replacing the batteries on its car (which you are estimated to need to do after about 8 years). This car is a station wagon, so…

> The Tesla Model S is an amazing car. But claiming that it's more convenient, or is a better car in every way but range, is a vast overstatement. It would be absolutely awful for me, and many other people with similar needs.

Obviously convenience is different for different people. The OP is probably someone who finds car maintenance very inconvenient and as the owner of a used station wagon I am guessing you are not. If you don't take frequent road trips and have the ability to charge at home, the Model S is indeed very convenient--never have to worry about fuel and hardly ever have to worry about maintenance.

Re: Tesla Smashes Earnings And Revenue Expectations

#74

Post by encoderer »

olefoo wrote: post #61
toomuchtodo wrote: post #20

Earlier quoted context omitted.

Are they even in production? I know if I write a check I can get a Tesla.

I've driven one. They're fun, they tilt to the curve. And they're more practical for a single city-dweller. Also, whoever downvoted me... can we keep this civil please? That HACKER news is becoming a place where people downvote mentions of upstart disruptive competitors in an attempt to curry the favor of well funded established companies. Is just kind of, sad.

You think it's that you mentioned a competitor? Most people have never heard of Arcimoto. I haven't. Had you written something informative and showed some honest enthusiasm for the company, nobody would've downvoted you.

Instead, you started it by taking a crap on Tesla which is 1) Not in the spirit of "HACKER news" that you just evoked in your defense and 2) a dumb thing to do if you care about down-votes when we all know there's a lot of Tesla fans here.

I suppose maybe you don't truly care about down-votes, which would make me wonder then why you're complaining about them.

Re: Tesla Smashes Earnings And Revenue Expectations

#75

Post by cloudwalking »

jonknee wrote: post #73
lambda wrote: post #67

Earlier quoted context omitted.

> in every single regard (except for range) And price, and convenience. > more convenient No it's not. The lower range, low number of charging stations, and long charging times make it quite inconvenient for long trips. I bought a used car 3 years ago for less than the cost Tesla charges for replacing the batteries on its car (which you are estimated to need to do after about 8 years). This car is a station wagon, so…

> The Tesla Model S is an amazing car. But claiming that it's more convenient, or is a better car in every way but range, is a vast overstatement. It would be absolutely awful for me, and many other people with similar needs. Obviously convenience is different for different people. The OP is probably someone who finds car maintenance very inconvenient and as the owner of a used station wagon I am guessing you are not…

You never need to visit a gas station. That's 15 minutes per week that I'd save myself.

Re: Tesla Smashes Earnings And Revenue Expectations

#76

Post by dojomouse »

rdl wrote: post #38
mikeyouse wrote: post #9

A good article to help understand the massive afterhours movement: http://www.reuters.com/article/2013/05/08/autos-tesla-idUSL2... High-Level Summary: There was a ton of short-selling interest on TSLA (due to expectations of a big earnings miss). Almost 27% of the 115mm shares outstanding are currently being borrowed by short sellers. TSLA has more short interest by percentage than 98% of US stocks. Everyone was real…

TSLA options are also super weird and sketchy; around the expiration of the long-dated calls in January each year, there seems to be some magical push to drive the stock price lower for 1-2 days; then after the expiration, when I've been pushed out of the money, the price rebounds substantially. I gave up on TSLA options and am sticking to being long the stock.

You don't need to wait until expiry to sell. There is a lot to be said for options if you use them carefully. Yes, risk is higher with high leverage and a narrow portfolio. But returns can be also. I think the line about risk adjusted returns being higher in index funds is 3 parts inexperienced investors trying to pick stocks without doing their homework and 7 parts experienced investors trying to convince inexperienced investors to provide mindless liquidity for them to work against. I prefer to make my own buy/sell decisions, and so far it's given me a FAR higher average return than any index fund.

Re: Tesla Smashes Earnings And Revenue Expectations

#78

Post by rdl »

dojomouse wrote: post #76
rdl wrote: post #38

Earlier quoted context omitted.

TSLA options are also super weird and sketchy; around the expiration of the long-dated calls in January each year, there seems to be some magical push to drive the stock price lower for 1-2 days; then after the expiration, when I've been pushed out of the money, the price rebounds substantially. I gave up on TSLA options and am sticking to being long the stock.

You don't need to wait until expiry to sell. There is a lot to be said for options if you use them carefully. Yes, risk is higher with high leverage and a narrow portfolio. But returns can be also. I think the line about risk adjusted returns being higher in index funds is 3 parts inexperienced investors trying to pick stocks without doing their homework and 7 parts experienced investors trying to convince inexperien…

Well, it was also around earnings, so I wanted to wait for earnings (which turned out good) and the pop from that.

Re: Tesla Smashes Earnings And Revenue Expectations

#79

Post by bitbckt »

waterlesscloud wrote: post #58
grecy wrote: post #24

Earlier quoted context omitted.

Does anyone driving any of those super cars you mention park on the street?

It's not a supercar, but a guy in my neighborhood (in Los Angeles) parks his Bentley on the street. Me, I'd clean out my garage if I had a Bentley.

There's a guy on my street (SF) who does the same thing. It seems either insane or haughty to me.

Re: Tesla Smashes Earnings And Revenue Expectations

#80

Post by adventured »

mikeyouse wrote: post #46
toomuchtodo wrote: post #13

Earlier quoted context omitted.

Elon Musk several days ago: EDIT: My mistake, this was said much longer ago (September 2012). I just read it recently. Thanks to batbomb for pointing this out. My apologies. “It’s doing pretty well actually given that we’re such a huge short position. In fact I think the short position may be as high as one can actually go. They literally hit the ceiling on the short position. The shorts are in it to the hills. I thi…

Up 26% after-hours almost certainly qualifies as a 'Tsunami of Hurt.' Some quick math for fun's sake: If the TechCrunch[1] article is still accurate, Musk owns 28.4% of TSLA. His paper-worth on this ownership this morning was $1.8B. If things stabilize at $70/share, his paper-worth tomorrow morning will be $2.3B. A notional profit of $500 million in 24 hours isn't too shabby. [1] http://techcrunch.com/2010/06/28/tesl…

Not sure I understand what you're referring to.

0.284 * $7.5 billion = $2.13 billion

His gain, assuming a 20% jump, is about $300 million.

At market close TSLA's market cap was $6.39 billion.

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