Tesla Delivers Record 97,000 Vehicles in Q3 • Hacker News Board

chrisrogers wrote: post #8

Forecasters had expected 99,000, so below targets. Tesla has said they are targeting 400,000 for the year, so Q4 will need to be quite something.

Which forecasters? Morgan Stanley put out a note just this morning predicting 91,000 deliveries:

https://www.zerohedge.com/technology/morgan-stanley-predicts...

One of the most prominent TSLA shorts was predicting 82,000:

https://mobile.twitter.com/markbspiegel/status/1167484390366...

Full-year guidance is 360,000 - 400,000. They should have no problem hitting the lower end at this point.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#14

Post by xkjkls » Wed, Oct 02, 2019, 8:56 PM UTC

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

Elon claimed they had a chance at 100,000 a few days ago. Based on that this isn't meeting expectations.

Also, the revenue is what matters and the breakdown of 3 vs S vs X indicates they will have significantly lower ASPs and probably will post a YoY revenue decline. That's not great.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#15

Post by xkjkls » Wed, Oct 02, 2019, 8:56 PM UTC

mandeepj wrote: post #12

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

for analysts, it's always "fewer-than-expected" https://finance.yahoo.com/m/6d74ee60-9cf8-33a6-96ef-133909a1...

Unless it is more than expected.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#16

Post by imglorp » Wed, Oct 02, 2019, 8:56 PM UTC

rbf wrote: post #6

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

I guess 100k deliveries was the magic number investors were hoping for.

And where did they get that number from?

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#17

Post by graiz » Wed, Oct 02, 2019, 8:57 PM UTC

They had a leaked email posted last week that they were pushing for 100K. So 97k is less than was priced into the stock. Not sure why institutional investors don't like the stock and it's so heavily shorted and twitchy.

Tesla could use a COO to manage operational expectations and let Elon focus more on engineering in the future. It'll keep his twitter/email free from setting market expectations.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#18

Post by xkjkls » Wed, Oct 02, 2019, 8:57 PM UTC

rpmisms wrote: post #11

Cue $TSLAQ talking about the Tesla bubble. Really cool to watch Tesla absolutely kick ass.

Is this good though? They didn't meet expectations.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#19

Post by newnewpdro » Wed, Oct 02, 2019, 8:58 PM UTC

imglorp wrote: post #16

rbf wrote: post #6

Earlier quoted context omitted.

I guess 100k deliveries was the magic number investors were hoping for.

And where did they get that number from?

Elon Musk

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#20

Post by slg » Wed, Oct 02, 2019, 9:00 PM UTC

That first line after the chart is the big takeaway in my opinion. The backlog of orders increased this quarter which is both good news, since it shows demand is not a problem, and bad news, since Tesla still can't produce cars fast enough.