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Year-over-year revenue flat, year-over-year GAAP income down 25% on 20k more units delivered. Hard to understand...
I 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.
Year-over-year revenue flat, year-over-year GAAP income down 25% on 20k more units delivered. Hard to understand...
Read the numbers on page 21-22 first, of course.
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I thought the Y was most similar to the X? Am I missing something?
> I thought the Y was most similar to the X? IMO, all Tesla vehicles (so far) are pretty similar to each other. On the one hand, Y is a less expensive X. On the other hand, Y is a bigger 3 with a hatch back. I'm not an expert in automotive consumer behavior, but I have to imagine that Y will cannibalize some amount of 3 sales. I also don't think that will matter that much - there is so much demand for Tesla vehicles…
no joke there are several people on /r/wallstreetbets that have turned a few hundred dollars into $1M+ in 2 months.
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More discounts, marketing expenses, and spending on the Chinese factory.
They guided for $2.5 billion in capex, and only spent $1.3 billion.
Did they get a bunch of great deals on land/machinery/etc?
Or did they not build all the things they intended at the time they gave that guidance?
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I guess the hard to understand part is: how does a $50B company that is growing revenue at 1% annually more than double its market cap in 3 months. It's insane (ludicrous?)!
They’re growing while the market for legacy automakers is shrinking. Everyone else is tapped out, while there’s still a whole lot of people left on Earth who’ll buy Tesla products (and you’ll notice Tesla keeps changing where the production firehose is pointed based on local incentives maximizing sales). Heck, Fiat has to hand over almost $2B to Tesla just to be permitted to sell cars in Europe because they have litt…
Do you have data for this?
Tesla had, essentially zero growth in the US in 2019, which is where it sells half of its cars. There are many companies that had higher growth than that, including Volvo, which grew 10% in the US. LandRover sold 125k units in the US in 2019, which is far more than the Model S + X (its competitors).
So, I'm not sure where you get the idea that everyone else is shrinking while Tesla is growing. Some companies might be, but some are growing faster than Tesla. These are not mysteries; there is data out there.
no joke there are several people on /r/wallstreetbets that have turned a few hundred dollars into $1M+ in 2 months.