Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Q3 Financial Results

ir.tesla.com

Post reply on HN
Print view View original

251–260 of 299 posts

Re: Tesla Q3 Financial Results

#251

Post by icelancer »

threeseed wrote: post #53
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…

Not sure why people think long term Tesla is in an amazing position. Their market share can only go down. All of the car companies have or are releasing cars this year/next and are significantly more capitalised. Some of these cars are superior to Tesla e.g. Porsche Taycan and their ability to share platforms between brands helps to amortise costs. As we've seen with Summon their FSD program does not look like coming…

>> Their market share can only go down

Are you going to ignore the fact that the market size can only go up?

Re: Tesla Q3 Financial Results

#252

Post by mikorym »

zaroth wrote: post #215
gok wrote: post #105

Earlier quoted context omitted.

> 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.

Damn I should have known that. You hear so many deride Tesla over and over I internalized the “they were profitable for one damn quarter” and took it as fact. March, 2013 - $ 11.5M September, 2016 - $ 21.88M September, 2018 - $311M December, 2018 - $139M September, 2019 - $143M

In terms of being profitable or not a quarter, can't you use accounting techniques to twist this? I know that you can play off assets that still need to be paid as income. Or is the meaning always precise?

For example, the first two don't say much; the third is much more significant and probably difficult to fake.

Personally, I think the most important is whether they can follow their game plan: make a lot of debt for car n, pay all off plus make a little; restart for car n+1. Also, n+1 should sell more units than n.

Re: Tesla Q3 Financial Results

#254

Post by Kuinox »

zaroth wrote: post #218
Richard_East wrote: post #209

Earlier quoted context omitted.

To really take off in Europe, they need a smaller vehicle. Something the size of a BMW 1-series. Streets here are very narrow.

Model 3 is not tiny, but it’s IMO as small as you would ever want a car that travels highway speeds for safety reasons. I doubt Tesla will ever make a tiny 2-seater but I guess if the market is there they will follow it! BMW 1: 173” x 69” Model 3: 184” x 72.8”

Look at car like the Clio. In Paris we have a lot of vehicle of this size.

Re: Tesla Q3 Financial Results

#255

Post by dna_polymerase »

clouddrover wrote: post #155
tigershark wrote: post #137

Earlier quoted context omitted.

All the other car manufacturers are way behind Tesla in pretty much every metric, the most important of which are energy efficiency and safety. Even the much, much more expensive Porsche Taycan S turbo has some margin only in track driving and it will be pretty much destroyed next year by the Tesla S with plaid mode (just looking at the unofficial Nurburgring times) and the new roadster will literally lap it.

> it will be pretty much destroyed next year by the Tesla S with plaid mode Why don't Tesla's current cars destroy the Taycan? I think it's fair to say that at this time Tesla's a year behind Porsche in the performance EV stakes. Here are some of the Taycan's performance test results which Tesla has so far been unable to match: - 24 hour endurance run. 3,425 kms covered in 24 hours: https://www.youtube.com/watch?v=4j…

None of those metrics are important to average daily use. Taycan is way more expensive and the only gain is on some dumb benchmarks. Also, I'd never buy a car of the Volkswagen Group ever. They are criminals, liars and their handling of the Diesel scandal is disgusting.

Re: Tesla Q3 Financial Results

#256

Post by manigandham »

dd36 wrote: post #198
manigandham wrote: post #88

Earlier quoted context omitted.

On any metric? The car reviews disagree. There's a general consensus that Porsche did a great job with a sporty car that appeals to its client base, and benefits from the luxury and build quality experience of the brand.

Style is subjective. Everywhere else it under performs a Model S and costs twice as much.

The Taycan has been reviewed to have better performance already. It has a better drivetrain with a higher voltage which means more power, faster charging, smaller more efficient motors, cooler operating temps, along with more advanced suspension, traction control and braking system.

If anything, Tesla would win on non-performance factors like autopilot. The whole point is that Porsche made an electric car for their performance-focused clients who otherwise didn't want a Tesla.

Re: Tesla Q3 Financial Results

#257

Post by kmlx »

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?

"The Shanghai Gigafactory going from breaking ground to production ready in 10 months is staggering."

it is.

1. how many died during construction?

2. how many slaves were used?

Re: Tesla Q3 Financial Results

#259

Post by kmlx »

aazaa wrote: post #121

Tesla as a long term investment going forward largely depends on whether you view the electric car as a disruptive innovation (breaks established car companies' business models) or sustaining innovation (does not break established car companies' business models). Established players tend to have the upper hand for sustaining innovation. Sustaining innovation can start at the top of a market and work down. Disruptive…

i view Tesla as a low volume car manufacturer. so low volume that right now they're simply not that interesting. and i don't see them reaching millions of cars per quarter. like VW, Hyundai or GM.

hopefully they'll prove me wrong, and come out with a $15k car next year or something.

in the meantime i'm holding my hopes up for the upcoming crop of ev's with sub-tesla prices from all the usual suspects.

Re: Tesla Q3 Financial Results

#260

Post by pinkfoot »

kmlx wrote: post #257
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?

"The Shanghai Gigafactory going from breaking ground to production ready in 10 months is staggering." it is. 1. how many died during construction? 2. how many slaves were used?

As in actual 'whipped-to-death, sold-as-commodities, separated-from-their-children, paid-not-a-single-cent, worked-to-death' slaves?

Zero.

But you knew this. So one can only wonder what the point of your hyperbole is.

Post reply on HN