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Tesla Smashes Earnings And Revenue Expectations

businessinsider.com

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Re: Tesla Smashes Earnings And Revenue Expectations

#101

Post by jonknee »

zevyoura wrote: post #85
jonknee wrote: post #73

Earlier quoted context omitted.

> 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. Doesn't the maintenance bit kind of remain to be seen? It seems to me there are two factors working against each other there: the high failure rates in new product categories, and the low failure rates associated with a si…

I suppose, but its not needing oil changes alone is a big win for convenience. Tesla also will come to you for all service (and leave a loaner), so if it turns out to need some time in the shop you should not have to waste more time than it takes to make a phone call.

Re: Tesla Smashes Earnings And Revenue Expectations

#102

Post by berberous »

rdl wrote: post #19

If you've been in Silicon Valley for the past 6 months, this was obviously going to happen -- virtually everyone I know who could afford virtually any production supercar, and cares about cars, has or wants a Tesla. Not an R8, not a GTR, not a California, not a Panamera, not an M3, but a Tesla. As they ramp up their production (I think it's down to a few months wait), The only rich people (who own cars) not getting T…

I'm a huge Tesla fan, but you are definitely in an echo chamber out in SV. Tesla has a huge tech/geek appeal. I know plenty of non-tech rich people from other places who would still much rather have their Mercedes or Bentley.

Re: Tesla Smashes Earnings And Revenue Expectations

#103

Post by pyoung »

revelation wrote: post #97
JoeH wrote: post #88

Earlier quoted context omitted.

I purchased a fair number of TSLA when they IPO'd, for a bit lower than the actual IPO price of $17. A little over a year ago, my brokerage offered to borrow my shares at 4% annual interest (paid on a monthly basis). I was told that I would retain the ability to trade the stock at any time, but I gave up my shareholder voting rights while the stock was "loaned" out. I had never heard of that happening to small indivi…

Just to offer perspective, the interest to borrow shares of Tesla as of 2nd May was 46.10%. It was 85% as of 26th March.

What?!!! Just so I get this straight. In order to short the stock you have to pay an annual interest rate of 46% of the stock value? I realize most shorts are probably only in it for short term, but that is still pretty insane.

Re: Tesla Smashes Earnings And Revenue Expectations

#104

Post by jtlein »

I guess it's a California thing. You have to believe in global warming (In the mid-west we have had 20 degrees below normal now for 3 months and snow of 14 inches in May). My practical side says the Tesla is nice but if fighting CO2 is your aim you could buy a $20K Honda accord and convert it to run on ammonia ( nearest practical gas to hydrogen). Ammonia is already piped all over the midwest and in contrast to grid power is almost all made from domestic natural gas. And with a loan of $450 million like Musk got I could build a home ammonia generator that takes in grid power to generate hydrogen and using nitrogen from the air. The small ammonia reactor is the only thing that needs to be developed (the hydrogen generator and nitrogen from air products are already off the shelf).

Re: Tesla Smashes Earnings And Revenue Expectations

#105

Post by toomuchtodo »

olefoo wrote: post #93
cb33 wrote: post #71

Earlier quoted context omitted.

I think people just disagree with your comment...

And that's awesome if they can talk about it like intelligent people, but drive by downvotes are more the domain of some other news site. Of course, it's probably because I mentioned status... which is the third rail of Bay Area niceness; I mean it's an absolute meritocracy; right?

It's because you compared a niche product from a company with no track record and no production timeline to a mass market product, from a company with a CEO that has a history of goal completion, and that is in full production.

Re: Tesla Smashes Earnings And Revenue Expectations

#106

Post by technoslut »

rdl wrote: post #49
damoncali wrote: post #40

Earlier quoted context omitted.

If you've been in Omaha for the past 6 months, you more than likely do not know what a Tesla is. Be wary of the echo chamber.

Most of the people who can afford 100k cars (and/or who would be willing to buy 100k cars) live in SF, LA, NY, Boston, DC, etc. now. A better argument is that the total number of cars sold in those markets is like 1-2mm out of the 10mm US market, but even if Tesla just becomes Audi, that's pretty successful. Another thing about high cost of living in places like that is maybe you're willing to spend 10% as much on a…

I'm in NY and I've seen very few Teslas. I'm guessing the three biggest reasons why are the small amount of fueling stations compared to California, the controversial NYT review and just simply trusting what you're used to instead of living off the bleeding edge.

Re: Tesla Smashes Earnings And Revenue Expectations

#107

Post by tedreed »

MichaelApproved wrote: post #95
batbomb wrote: post #43

Earlier quoted context omitted.

That's several months ago. If it was a few days ago he'd probably be hearing from the SEC soon.

Why, is there a quiet period just before the release of earnings?

I can't find a news story about the incident I'm thinking of, but there are SEC regulations about the release of information to investors. You basically have to try to ensure that they all get the same data at the same time.

Re: Tesla Smashes Earnings And Revenue Expectations

#108

Post by fludlight »

rdl wrote: post #49
damoncali wrote: post #40

Earlier quoted context omitted.

If you've been in Omaha for the past 6 months, you more than likely do not know what a Tesla is. Be wary of the echo chamber.

Most of the people who can afford 100k cars (and/or who would be willing to buy 100k cars) live in SF, LA, NY, Boston, DC, etc. now. A better argument is that the total number of cars sold in those markets is like 1-2mm out of the 10mm US market, but even if Tesla just becomes Audi, that's pretty successful. Another thing about high cost of living in places like that is maybe you're willing to spend 10% as much on a…

> commercial EV platform

Check out Smith Electric:

http://www.smithelectric.com

Re: Tesla Smashes Earnings And Revenue Expectations

#109

Post by olympus »

pyoung wrote: post #103
revelation wrote: post #97

Earlier quoted context omitted.

Just to offer perspective, the interest to borrow shares of Tesla as of 2nd May was 46.10%. It was 85% as of 26th March.

What?!!! Just so I get this straight. In order to short the stock you have to pay an annual interest rate of 46% of the stock value? I realize most shorts are probably only in it for short term, but that is still pretty insane.

Not sure if you're joking or not, but I'll offer a quick explanation. Interest in this context does not mean interest on a loan, but rather how many people are interested in shorting the stock. The 46% short interest meant that almost half of Tesla's stock was shorted. To put it another way, 46% of Tesla's stock was loaned out from various parties to sell to other various parties. This is a bad thing for the short sellers because they now have to pay more for their borrowed stock than they got for selling it in the first place. It's like owing more for your car than the car itself is worth.

Re: Tesla Smashes Earnings And Revenue Expectations

#110

Post by mynameishere »

pyoung wrote: post #103
revelation wrote: post #97

Earlier quoted context omitted.

Just to offer perspective, the interest to borrow shares of Tesla as of 2nd May was 46.10%. It was 85% as of 26th March.

What?!!! Just so I get this straight. In order to short the stock you have to pay an annual interest rate of 46% of the stock value? I realize most shorts are probably only in it for short term, but that is still pretty insane.

If you sell puts against a short position from May 8 to May 17 (strike: 55.00, price: ~3.40), you can make >5 percent in 9 days. I'm guessing that most of the people borrowing shares at that rate are selling straddles to retail that make the overall position look less crazy.

http://finance.yahoo.com/q/op?s=TSLA+Options

...the implication is that unhedged longs are carrying the real risk.

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