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Tesla lost $38M in third quarter, stock tumbles over 12 percent

arstechnica.com

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Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#21

Post by lttlrck »

dkokelley wrote: post #11
txttran wrote: post #5

Earlier quoted context omitted.

A post-IPO, $21B company is still a startup?

The auto industry works a little differently. Some of Tesla's competitors have been in business for over 100 years, making primarily the same product today. Tech companies today exist in industries that didn't exist even 15 years ago. Tesla Motors has only been around for 10 years (founded 2003), and their first product didn't sell until 5 years later. I think it's safe to say that Tesla Motors is still a startup. Th…

That's tenuous. The telecoms industry has been around as long so is Blackberry a startup?

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#22

Post by yannisp »

jayshahtx wrote: post #8
revelation wrote: post #3

Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car manufacturer. Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.

TSLA prefers non GAAP because it collects all money for a lease upfront. Recognizing all revenue for a lease up front isn't logical.

IIRC it's actually financing with a balloon payment (with no risk since they're not the lenders), with an option for buyback. That liability of buying back should be somewhere in the books, either accrued or entered in full.

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#23

Post by [deleted] »

revelation wrote: post #3

Their cash balance increased and gross margin is up to 21% from 14% last quarter on the Model S, with non-GAAP accounting. That's a fantastic number for a car manufacturer. Of course if you only care for the linkbait, feel free to go with the GAAP numbers and ignore underlying meaning.

[deleted]

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#24

Post by [deleted] »

lttlrck wrote: post #21
dkokelley wrote: post #11

Earlier quoted context omitted.

The auto industry works a little differently. Some of Tesla's competitors have been in business for over 100 years, making primarily the same product today. Tech companies today exist in industries that didn't exist even 15 years ago. Tesla Motors has only been around for 10 years (founded 2003), and their first product didn't sell until 5 years later. I think it's safe to say that Tesla Motors is still a startup. Th…

That's tenuous. The telecoms industry has been around as long so is Blackberry a startup?

[deleted]

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#26

Post by capkutay »

This was kind of a bad earnings quarter for many companies. Facebook and Apple both beat revenue targets, but some other data such as margins (for apple) and popularity with teens spooked investors. My guess is after 6 months of steady growth on tech stocks, many investors are exiting with their gains.

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#27

Post by codex »

001sky wrote: post #19

They note that the reason bulls are expecting deliveries of 6,000 or more vehicles is because of issued VINs, but they believe that many of the vehicles which have been produced were used for showrooms or loaner vehicles at Tesla’s service centers or are still in transit en route to delivery. People are really reading into things here. Expecting a company to beat guidance by 20% per quarter is alot to ask, but i supp…

There's a worry Tesla is hiding softening sales. They had the capacity to produce 7150 cars this quarter but only sold 5550, a difference of 1650. Some of those cars are en route to Europe, but still, the number seems high. Talking about producing vehicles for internal use and marketing purposes, along with increased investment in new models and versions, can be interpreted as "our U.S. sales are softening unexpectedly." However, it does seem a stretch to draw those kinds of conclusions.

Re: Tesla lost $38M in third quarter, stock tumbles over 12 percent

#30

Post by eru »

tokenadult wrote: post #15

I read a financial newspaper report earlier today predicting good results for Tesla for its quarterly earnings report today, and thus a likely continued strong performance of Tesla stock. Seeing the headline of the article kindly submitted here prompted me to read the fine article, of course, and also to check for other news stories from later hours of today about Tesla. In approximate chronological order: "Tesla Mot…

For any sale there will be a buy and vice versa.
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