Tesla Q1 2021 Results
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Tesla Q1 2021 Results
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Re: Tesla Q1 2021 Results
#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.
Re: Tesla Q1 2021 Results
#3Earnings beat but I wonder how this whole mega-growth story keeps being reiterated now despite flat revenue for 3 years. Don't get me wrong, I love Tesla and what they are doing for accelerating the transition to sustainable energy. That company is just priced to perfection.
Re: Tesla Q1 2021 Results
#4"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.
What’s amazing is that just 5 years ago, it seemed like a distant goal. People were skeptical of Tesla in 2015 (rightfully so). Almost went bankrupt in 2017. They dug themselves out of there despite of Elon’s PR shenanigans. Pretty amazing I think! Now about that stock price, I’m not so sure. It’s like next 20 years are baked into $735/share price now.
Re: Tesla Q1 2021 Results
#5One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings
Re: Tesla Q1 2021 Results
#6Earnings beat but I wonder how this whole mega-growth story keeps being reiterated now despite flat revenue for 3 years. Don't get me wrong, I love Tesla and what they are doing for accelerating the transition to sustainable energy. That company is just priced to perfection.
> flat revenue for 3 years
???
2018 - $21.5B
2019 - $24.5B
2020 - $31.5B
2021 (annualized) - probably $35-$40 B
Re: Tesla Q1 2021 Results
#7Do you think Apple regrets not buying Tesla ~2017-2018 when they had the chance, given indications they are working on an Apple Car? Why or why not?
Re: Tesla Q1 2021 Results
#8Earnings beat but I wonder how this whole mega-growth story keeps being reiterated now despite flat revenue for 3 years. Don't get me wrong, I love Tesla and what they are doing for accelerating the transition to sustainable energy. That company is just priced to perfection.
> flat revenue for 3 years ??? 2018 - $21.5B 2019 - $24.5B 2020 - $31.5B 2021 (annualized) - probably $35-$40 B
That’s pretty flat compared to the share valuation.
Re: Tesla Q1 2021 Results
#9Earnings beat but I wonder how this whole mega-growth story keeps being reiterated now despite flat revenue for 3 years. Don't get me wrong, I love Tesla and what they are doing for accelerating the transition to sustainable energy. That company is just priced to perfection.
> flat revenue for 3 years ??? 2018 - $21.5B 2019 - $24.5B 2020 - $31.5B 2021 (annualized) - probably $35-$40 B
I stand corrected. Thank you! Still not exactly mega-growth. Especially compared to the share price.
Re: Tesla Q1 2021 Results
#10"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.
What’s amazing is that just 5 years ago, it seemed like a distant goal. People were skeptical of Tesla in 2015 (rightfully so). Almost went bankrupt in 2017. They dug themselves out of there despite of Elon’s PR shenanigans. Pretty amazing I think! Now about that stock price, I’m not so sure. It’s like next 20 years are baked into $735/share price now.
The inflated stock price is easy to explain: intangibles are part of the balance sheet.
In my guesstimation, Tesla will be making electric cars with a range to dollar ratio that can’t possibly be matched by incumbents for the foreseeable future.
VW and the rest are more capable of producing a refined car, but (again, my opinion) Tesla’s EV advantage is similar to the big three’s various inertial advantages that they enjoyed in the mid-20th century.
Perhaps more US-specific: buying a Tesla over something like a VW ID.4 gives you the supercharger network. It will be years if not decades before the general open standard charging network can compete with that benefit of ownership.