One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings
Interesting.. I didn't expect that.
Tesla Q1 2021 Results
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Re: Tesla Q1 2021 Results
#12Do 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?
Do corporations experience emotions?
Re: Tesla Q1 2021 Results
#13One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings
This is interesting, I would have expected a loss. I recall MSTR had to report a loss in 2020 even though it went up a lot, due to how GAAP works with bitcoin. Basically if you buy bitcoin (or any property) at $X, then it dips to $Y, then goes back up to $Z, you have to report the difference between X and Y (purchase price - lowest point) as a GAAP loss.
Re: Tesla Q1 2021 Results
#14One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings
That really is pathetic. How’s that revenue? and what CFO would sign off on that let alone a CFO for one of the largest companies in the world?
Re: Tesla Q1 2021 Results
#15Do 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?
I would say no, they don't regret it, because there'd be too much of a personality clash between Musk and the rest of Apple leadership - and if they bought Telsa and then outed Musk, what's the point of buying Tesla?
Re: Tesla Q1 2021 Results
#16Re: Tesla Q1 2021 Results
#17Re: Tesla Q1 2021 Results
#18One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings
I don't see where in this report
Re: Tesla Q1 2021 Results
#19"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.
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Re: Tesla Q1 2021 Results
#20Do 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?
Nope. I think Apple knows this is overpriced and buying a company is very different from buying a stock. Intrinsic value is fraction of the market price and prevailing price Apple likely had to pay. My guess is Elon also asked for a board seat plus executive management role. Me thinks Tim was smart to pass despite how it appears right now.