Earlier quoted context omitted.
It's non-GAAP profit, which is not very useful metrics. GAAP they lost over $800M last year.
Way to move the goalpost.
When is non-GAAP accounting ever the goalpost?
Tesla Financial Results 2019 Q4
161–170 of 346 posts
Re: Tesla Financial Results 2019 Q4
#162The bull case for Tesla is clear. Aside from Nissan with the Leaf, who recently loss their galvanizing CEO and who's market cap has tanked since, what major automaker has anywhere near the success of Tesla with EV? No doubt execution has been an issue in the past, but recent sales trends, completion of gigafactory, and Chinese expansion show that they are on the right trend. Tesla's were confined to the luxury market…
Other car manufacturers are missing what makes Tesla do so well.
It's a lot of things, really. Range, performance, the hope of self-driving, the supercharging network (Which is much bigger than people think!), and of course, the fact that they look like normal cars. Most other EVs like the Leaf are either incredibly lacking in range and performance, or they're incredibly ugly like the BMW i3.
Then you've got cars like the Mullen Qiantu K50 [0] that try to be something special, but other than looks are incredibly lackluster and overpriced. $125K, and its performance and range are on par with a $48K Model 3 LR AWD. They're trying to brand it like a supercar, but it's only a supercar in the looks.
It's crazy to me that other makers can't even get charging done well. Most public CHAdeMO or CCS chargers are only up to 50 kW, while Tesla superchargers are usually 72 kW and sometimes up to 150 kW. Being able to charge quickly is a must when one of your biggest barriers to getting customers is overcoming their range anxiety.
Re: Tesla Financial Results 2019 Q4
#163Earlier quoted context omitted.
> Unlike the US, those subsides will be around for a while. Why? That doesn't seem like a stable investment thesis. > China also gave Tesla very favorable loan terms for the China Gigafactory. And if Tesla doesn't meet a number of targets the Chinese government takes complete ownership of the factory. They didn't give the good financing terms out of goodwill. Tesla entered an incredibly risky proposition with its Chi…
You asked what the bill thesis is. Bull thesis is there’s a ton of growth ahead for Tesla. Market reaction seems to agree. If one disagrees with the market, short TSLA. Hasn’t worked out that well for those starting with relatively large amounts of capital, but maybe shorts are still right! Vote with your dollars.
Maybe they agree, but the last two quarters should make anyone skeptical. For a company at the multiple it is it post negative to zero YoY growth for two quarters is crazy
Re: Tesla Financial Results 2019 Q4
#164Re: Tesla Financial Results 2019 Q4
#165The bull case for Tesla is clear. Aside from Nissan with the Leaf, who recently loss their galvanizing CEO and who's market cap has tanked since, what major automaker has anywhere near the success of Tesla with EV? No doubt execution has been an issue in the past, but recent sales trends, completion of gigafactory, and Chinese expansion show that they are on the right trend. Tesla's were confined to the luxury market…
Tesla still lost $800 million this year and has never had a profitable year, on both record car sales and record regulatory credit sales. What about that indicates sustainability?
Because it has overcome the problems that lead to the losses, and it is set in a number of ways to be highly profitable this year and into the future.
Re: Tesla Financial Results 2019 Q4
#166I have been a longtime bull, but their stock value is now up over 140% in the last 3 months and I can't say I fully understand why.
state manipulation
tesla is a deep state weapon against EU/Asia
so yeah, fuck tesla, and fuck the USA
Re: Tesla Financial Results 2019 Q4
#167Earlier quoted context omitted.
The model 3 and S already have that range or more. You'll only get ~350km out of that at highway speeds though. The supercharger network makes it perfectly reasonable but it's not yet ideal. Other EVs tend to be far behind still. Most can't charge fast enough and even the ones that do don't have enough charging infrastructure in most places. We're getting very close to mass adoption but will still need 5-10 years mor…
Depends on the definition of highway speeds a bit. At 60mph I hit the rated range pretty much dead on (500km/310mi). At 75mph it’s probably between 350 and 400km. Generally agree about the charging infrastructure. Personally I have fun trying to find where I can connect to the grid but I don’t think everyone would call that fun... Round numbers: I think when there are ~2-3x the number of supercharger locations (not c…
Sure, given the context being in kilometers instead of miles I was using the ~130km/h that is common in a lot of European highways. From experience that gets you less than 350, particularly in winter. Some places (and drivers) are quite a bit faster still. US highways have fairly low speed limits and so range is less of an issue.
True parity with gas will take a much longer time. My previous diesel car had almost 4 times the range and could be refueled in 5 minutes. But there are other advantages that cover for that. Which is why my estimate is that 5-10 years depending on location is what will be needed for both the offer of models and the charging infrastructure to all be in place.
Re: Tesla Financial Results 2019 Q4
#168Earlier quoted context omitted.
Agree. Given the growth numbers and their market leadership in the EV area, there's a strong case to be made that this 'loss' is more of an 'investment' to set up for future revenue growth and consequently profits that come with increasing maturity and operational cost reductions.
They have shrunk in sales YoY in the US and Norway, their two largest markets. They managed to grow globally by finding the most advantageous subsidies for them to take advantage of. However, even that only gave them 1% growth of the past year.
The low growth was because of production problems and because they maxed out their single factory. Now they have another factory producing and a third under construction.
As to subsidies, governments are pushing ev's harder and harder. The EU has continually-increasing fleet standards that can be met only by adding more ev's, and China has continually increasing ev production standards. Ev sales are going to keep increasing, and Tesla makes the best ev's. Sales, revenues and profits are going to keep going up.
Re: Tesla Financial Results 2019 Q4
#169Earlier quoted context omitted.
Tesla still lost $800 million this year and has never had a profitable year, on both record car sales and record regulatory credit sales. What about that indicates sustainability?
Because it has overcome the problems that lead to the losses, and it is set in a number of ways to be highly profitable this year and into the future.
This company has been unprofitable for ten consecutive years as a public company. That’s a record. I’ll hold my breath on people saying the future will be different.
Re: Tesla Financial Results 2019 Q4
#170Earlier quoted context omitted.
They have shrunk in sales YoY in the US and Norway, their two largest markets. They managed to grow globally by finding the most advantageous subsidies for them to take advantage of. However, even that only gave them 1% growth of the past year.
The low growth was because of production problems and because they maxed out their single factory. Now they have another factory producing and a third under construction. As to subsidies, governments are pushing ev's harder and harder. The EU has continually-increasing fleet standards that can be met only by adding more ev's, and China has continually increasing ev production standards. Ev sales are going to keep inc…
Why were they able to meet a run rate or 500k cars a year in Q4 of last year and not sustain it if their factory was maxed out? And why would they claim in projections that their factory was capable of producing that if they didn’t meet that?
Companies are rarely production constrained. Many claim they are, but the fact that Tesla sales in their two largest markets declined doesn’t indicate to me that production is their number one issue.