Tesla reports first quarterly profit in more than three years

Post by spectrum1234 » Thu, Oct 27, 2016, 1:41 AM UTC

ams6110 wrote: post #96

patrickk wrote: post #26

Earlier quoted context omitted.

> Maybe because everyone wants his companies to succeed... Surely the only ones who don't want dramatically cheaper space launches, cheaper, widely available solar PV installations and attractive, affordable electric vehicles are deeply entrenched incumbents whose continued profitability involves polluting the planet, or those who really hate the environment for whatever reason. There are valid criticisms you can lev…

I don't have anything against Musk. I simply don't care much one way or the other because the things he's working on will never affect me. Electric cars are not something I'm interested in owning at the price Tesla is asking. Or even half what Tesla is asking. Utility electricity works fine for me, is a small fraction of my monthly budget, and is reliable. I.e. something I never really worry about. Payments for and m…

Post by annerajb » Thu, Oct 27, 2016, 1:45 AM UTC

ghaff wrote: post #48

matchagaucho wrote: post #41

Curious to understand how Model 3 deposits are reported in financials. Deferred revenue?

Yes, I believe. As such it will be on the balance sheet but generally deferred revenue shouldn't have an impact on the income statement given accrual accounting. It will be recognized as revenue as the product is delivered. (It will affect the cash flow statement as well, of course.)

Post by Aeolun » Thu, Oct 27, 2016, 2:03 AM UTC

spectrum1234 wrote: post #151

ams6110 wrote: post #96

Earlier quoted context omitted.

I don't have anything against Musk. I simply don't care much one way or the other because the things he's working on will never affect me. Electric cars are not something I'm interested in owning at the price Tesla is asking. Or even half what Tesla is asking. Utility electricity works fine for me, is a small fraction of my monthly budget, and is reliable. I.e. something I never really worry about. Payments for and m…

Model 3 is going to cost $35k, and like $28k after incentives. It will SAVE about $1500/year on gas and $500 on maintenance. This is cheaper than a Honda Civic. Are you sure you aren't interested at this price?

Post by [deleted] » Thu, Oct 27, 2016, 2:18 AM UTC

vvanders wrote: post #7

simonsarris wrote: post #3

Direct link to the letter: http://files.shareholder.com/downloads/ABEA-4CW8X0/310041501... > Total Q3 GAAP revenue was $2.30 billion, up 145% from Q3 2015, while total Q3 gross margin was 27.7%, compared to 21.6% in Q2. Total automotive revenue was $2.15 billion on a GAAP basis, up 152% from Q3 2015. Our final Q3 delivery count was 24,821,over 300 more than the estimated delivery count we shared on October 2nd. Deliv…

> We achieved record production levels in Q3, rising to 25,185 vehicles for an increase of 37% from Q2 and an increase of 92% from Q3 last year. An almost 100% production increase Year over Year, they said it couldn't be done and yet here we are.

Post by nindalf » Thu, Oct 27, 2016, 2:22 AM UTC

Aeolun wrote: post #155

spectrum1234 wrote: post #151

Earlier quoted context omitted.

Model 3 is going to cost $35k, and like $28k after incentives. It will SAVE about $1500/year on gas and $500 on maintenance. This is cheaper than a Honda Civic. Are you sure you aren't interested at this price?

That means I have to drive it for 15 years before it's 'free'... That's a long time to go with one car. Edit: Still a (relative) good deal though, depending on what car you'd otherwise have bought.