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Tesla Q3 Financial Results

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Re: Tesla Q3 Financial Results

#101

Post by navigatesol »

zaroth wrote: post #6

$143M GAAP / $342M Non-GAAP Net Income. $371M free cash flow. GAAP Gross Margin 18.9%. That is before G3 comes online which will, I believe, have an upward case for margins. That is the big news here today. And that is really great news for Tesla. Over $5.3B cash on hand. TSLA is in an amazing position going into Q4 and 2020. Highly confident of exceeding 360k deliveries for 2019. Just an amazing run up to the end of…

Another miracle quarter before a capital raise. If you don't think Tesla are paying fast and loose with their books, while at the same time playing games in China, I don't know what to tell you. Silicon Valley's an easy place to sucker.

Re: Tesla Q3 Financial Results

#103

Post by adventured »

growlist wrote: post #44

The size of that (giga)factory. My god!

And all those TSLA-short clown types on Twitter et al. and their endless posts showing the empty lot in China, mocking Tesla about how they'd never actually build a factory there. Reminds me of all the statements about how Tesla could never produce the Model 3 at scale. I have no position in TSLA, but I thoroughly enjoy watching those types of people get repeatedly humiliated by Tesla.

Re: Tesla Q3 Financial Results

#105

Post by gok »

zaroth wrote: post #58
nyczomg wrote: post #45

Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples: "Tesla shares soar after crushing third-quarter earnings" CNBC "Tesla's Quarterly Profit Drops 54%" WSJ "Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider "Tesla ekes out a profit as all eyes turn to its China Gigafacto…

And you know what? All the headlines are true! Knowing which takeaways matter is the hard part, and particularly with investing, if you did know, you’d be very rich. I think the YoY EPS is the least interesting and more erratic headline personally. They had one prior profitable quarter which happened to be Q3 2018. That was under a full subsidy regime only selling the highest ASP Model 3s while there was still higher…

> They had one prior profitable quarter which happened to be Q3 2018

Both Q3 and Q4 2018 were profitable, and so was Q3 2016, and Q1 2013.

Re: Tesla Q3 Financial Results

#106

Post by gamblor956 »

navigatesol wrote: post #101
zaroth wrote: post #6

$143M GAAP / $342M Non-GAAP Net Income. $371M free cash flow. GAAP Gross Margin 18.9%. That is before G3 comes online which will, I believe, have an upward case for margins. That is the big news here today. And that is really great news for Tesla. Over $5.3B cash on hand. TSLA is in an amazing position going into Q4 and 2020. Highly confident of exceeding 360k deliveries for 2019. Just an amazing run up to the end of…

Another miracle quarter before a capital raise. If you don't think Tesla are paying fast and loose with their books, while at the same time playing games in China, I don't know what to tell you. Silicon Valley's an easy place to sucker.

It's very easy to manipulate financial results without illegally cooking the books.

It all comes down to timing when you incur/pay expenses and when you record sales. Tesla has openly engaged in this in prior quarters, which is why their stellar quarters are usually followed by abysmal quarters.

Cooking the books would involve changing the actual numbers. Not many people are alleging this.

Re: Tesla Q3 Financial Results

#107

Post by OnlineGladiator »

paxys wrote: post #57
nyczomg wrote: post #45

Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples: "Tesla shares soar after crushing third-quarter earnings" CNBC "Tesla's Quarterly Profit Drops 54%" WSJ "Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider "Tesla ekes out a profit as all eyes turn to its China Gigafacto…

Best to look at the earnings release itself to get the most objective picture. Or if you want a single metric, look at the after-hours stock movement. TSLA is up 20%, so it can't all be bad news.

> Or if you want a single metric, look at the after-hours stock movement.

I think this is a good rule of thumb, but for famously volatile securities (Tesla, Bitcoin, etcetera) you are really just swimming in a sea of irrational exuberance and nobody knows how it's going to end. Maybe Tesla will be the world's richest company in 10 years. Maybe Tesla will go bankrupt in 2. I don't know, but looking at Tesla stock trends doesn't tell you anything other than how unstable it is.

Re: Tesla Q3 Financial Results

#108

Post by manigandham »

Ancalagon wrote: post #95
thinkingkong wrote: post #7

The Shanghai Gigafactory going from breaking ground to production ready in 10 months is staggering. Has anything like that been accomplished in NA in the last 10 years?

maybe not but how many people in china were displaced and what was the human cost and environmental cost?

Human cost? As in deaths?

Re: Tesla Q3 Financial Results

#109

Post by JMTQp8lwXL »

nyczomg wrote: post #45

Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples: "Tesla shares soar after crushing third-quarter earnings" CNBC "Tesla's Quarterly Profit Drops 54%" WSJ "Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider "Tesla ekes out a profit as all eyes turn to its China Gigafacto…

One of these headlines will A/B test to win viewership and ad revenue. The actual facts do not matter; they're optimizing for colorful and exciting headline. To get clicks, they'll make the headline seem extremely positive or negative, as neutral is uninteresting.
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