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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#131

Post by ajross »

NovemberWhiskey wrote: post #129

It's sort of fascinating the segmentation thing here. They put it into the "premium sedan" segment when considering sales vs. competition. But in the same presentation, you'll see that most (I want to say two-thirds by eyeballing the chart) of the customers buying Teslas are trading in non-premium brands.

Is that notable? Most car purchases are upgrades from less expensive vehicles. Are BMW trade-ins less likely to be non-premium?

I guess it's possible that Tesla is different here, though if it is, doesn't that argue to the brand's strength? It's getting people who wouldn't normally drop $50k on a car to open their purses.

Re: Tesla Q1 2021 Results

#132

Post by cs702 »

Whatever you may think of Tesla and Musk, you have to agree that they've accomplished something rather incredible.

Few would have thought this possible not that long ago:

* 185K vehicle deliveries in Q1, +109% versus a year ago [a]

* 2.7K supercharger stations, +41% versus a year ago

* 24.5K supercharger connectors, +44% versus a year ago

* 92 MW of solar generation deployed in Q1, +163% versus a year ago

* 445 MWh of solar storage deployed in Q1, +71% versus a year ago

* Revenues of $10.4B in Q1, +74% versus a year ago

* EBITDA of $1.8B in Q1, +94% versus a year ago

* Over $17B in cash on hand

* New S, X, Roadster, Cybertruck, and Semi models on the way

* Berlin, Texas, and Shangai-expansion gigafactories coming online

* Four additional gigafactories already in development

Wow. Just... wow.

--

[a] And that figure understates growth, because it includes a 10K decline in S and X deliveries due to the upcoming launch of new S and X models.

Re: Tesla Q1 2021 Results

#133

Post by rconti »

mulmen wrote: post #126
rconti wrote: post #93

Earlier quoted context omitted.

The E-class is an entirely different class from the Model 3 and 3 series. Maybe just a C-class typo. Pretty impressive, especially considering that the 3 series is a similar age (both ~2018). The C class is getting long in the tooth, though, dates to 2016.

It definitely looks like a typo. But the Audi A6 is also an equivalent to the BMW 5 Series or Mercedes E Class. The A5 seems like a better comparison to the Model 3. I wonder if the numbers are also wrong? Did they actually compare E Class and A6 sales instead of C Class and A5 sales? Are 4 Series included in with 3 Series numbers? What about M cars?

Good point. Since they specifically mention sedans, likely it's limited to 4 door 3 series, C class, A4 type cars, wagons/coupes/convertibles need not apply.

Re: Tesla Q1 2021 Results

#134

Post by maxerickson »

dangus wrote: post #10
systemvoltage wrote: post #4

Earlier quoted context omitted.

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…

Tesla has ~2,000 charging stations (with 20,000 chargers).

The stations seems to cost a few hundred thousand dollars.

So they have a lead, but it's roughly a billion dollars (or maybe 2) to build out something similar, that isn't going to take decades.

There are tens of thousands of places that might install a couple high power chargers (restaurants and similar). Doesn't take that many of them to add a lot of capacity, even if it isn't spaced out quite as well.

Re: Tesla Q1 2021 Results

#135

Post by mulmen »

rconti wrote: post #133
mulmen wrote: post #126

Earlier quoted context omitted.

It definitely looks like a typo. But the Audi A6 is also an equivalent to the BMW 5 Series or Mercedes E Class. The A5 seems like a better comparison to the Model 3. I wonder if the numbers are also wrong? Did they actually compare E Class and A6 sales instead of C Class and A5 sales? Are 4 Series included in with 3 Series numbers? What about M cars?

Good point. Since they specifically mention sedans, likely it's limited to 4 door 3 series, C class, A4 type cars, wagons/coupes/convertibles need not apply.

Yeah the A4 and A5 seem comparable but Tesla only mentions the A6, a larger sedan like the 5 Series or E Class. I'd like to see the detailed numbers on this.

Also, the 3 Series wagon seems like it would be included in these numbers?

Re: Tesla Q1 2021 Results

#136

Post by yaacov »

jgalt212 wrote: post #83
1970-01-01 wrote: post #24

Why is solar deployment measured in MW and not # of installs? It doesn't seem like the best metric for measuring growth.

more importantly, why is it in any economic to install solar cells on a home instead of at scale on a solar farm?

One benefit of rooftop solar is reduced transmission losses, but that isn’t usually enough to offset the costs from small scale/custom installation work. People like having them on their own rooftops for self-reliance, to flex on their neighbors, and to feel like part of the solution to climate change.

Re: Tesla Q1 2021 Results

#137

Post by fshbbdssbbgdd »

cs702 wrote: post #132

Whatever you may think of Tesla and Musk, you have to agree that they've accomplished something rather incredible. Few would have thought this possible not that long ago: * 185K vehicle deliveries in Q1, +109% versus a year ago [a] * 2.7K supercharger stations, +41% versus a year ago * 24.5K supercharger connectors, +44% versus a year ago * 92 MW of solar generation deployed in Q1, +163% versus a year ago * 445 MWh o…

> 92 MWh of solar generation deployed in Q1, +163% versus a year ago

This is a typo (should be 92 MW), but also made me think about how you could have fun metrics like MW/h rate of solar deployed or MW rate of storage deployed.

Re: Tesla Q1 2021 Results

#138

Post by arcticbull »

CyberDildonics wrote: post #118
arcticbull wrote: post #88

Earlier quoted context omitted.

This is a pretty big pivot from: "You can now buy a Tesla with Bitcoin... Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency" Turns out it will in fact be converted to fiat currency while Elon continues to pump his bags on Twitter. "What does the future hodl?" In any other asset class this would be bl…

What law specifically are you referring to? Can you link to it?

Totally. That would be the Securities Act of 1933, the Securities Exchange Act of 1934, and 18 U.S. Code Sections 371, 1341, 1343, 1348, and 1349. I’ll leave it as an exercise for you if you’d like to read the full text but an analysis is available as [1].

There’s a reason Tim Cook isn’t out on Twitter shilling the companies Apple has invested in while selling their shares. I’m led to believe Club Fed isn’t all it’s cracked up to be.

[1] https://www.criminallawyergroup.com/practice-areas/securitie...

Re: Tesla Q1 2021 Results

#139

Post by cs702 »

fshbbdssbbgdd wrote: post #137
cs702 wrote: post #132

Whatever you may think of Tesla and Musk, you have to agree that they've accomplished something rather incredible. Few would have thought this possible not that long ago: * 185K vehicle deliveries in Q1, +109% versus a year ago [a] * 2.7K supercharger stations, +41% versus a year ago * 24.5K supercharger connectors, +44% versus a year ago * 92 MW of solar generation deployed in Q1, +163% versus a year ago * 445 MWh o…

> 92 MWh of solar generation deployed in Q1, +163% versus a year ago This is a typo (should be 92 MW), but also made me think about how you could have fun metrics like MW/h rate of solar deployed or MW rate of storage deployed.

Oops. Silly me. Thanks for pointing it out. Corrected.

Re: Tesla Q1 2021 Results

#140

Post by ajross »

burlesona wrote: post #15
pcbro141 wrote: post #7

Do 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?

As someone who never really liked either one (though I did buy a Tesla), Musk is nearly a clone of Jobs in affect and attitude and reality distortion effect.

All those people who are SO UPSET about the spin regarding FSD, for example, are just echoing what all us folks on Linux PCs were saying about Macs through the 90's and early 00's. Remember when the Altivec G4 was a Supercomputer on a Chip despite being slower than a P3 you could buy at Sears? Same deal.

Frankly I think had it happened, Musk would be running Apple today.

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