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Tesla Q1 2020 Update

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Re: Tesla Q1 2020 Update

#61

Post by Scipio_Afri »

save_ferris wrote: post #39
tejohnso wrote: post #26

Earlier quoted context omitted.

> can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life With 8 billion in cash, and 3-4 billion per year burn rate, that's a two year buffer assuming no improvement. That doesn't seem like the worst cash crunch of their long life. What am I missing?

He might be more concerned about the sales prospects instead of operational expenses. Automakers are getting hit really hard by this pandemic, and they need a healthy economy to sell cars. Many economic forecasts are saying that a full recovery is 2-4 years away, although there are many different opinions.

Oil prices don't help the EV argument. However the main issue is that they have to deal with their products being priced high compared to the rest of the industry at a time when wages are likely to fall.

Re: Tesla Q1 2020 Update

#62

Post by mcv »

SpicyLemonZest wrote: post #24
guardiangod wrote: post #15

Earlier quoted context omitted.

Someone _please_ hire someone to follow EM with a phone jammer on. I can't take his BS anymore. Why do smart people like to have strong opinions on subjects they are not expert in? (Disclosure: I own TSLA stocks.)

That's how democratic societies are typically intended to work; on issues of great social importance, everyone's encouraged to think about them and decide what they'd like to happen.

I think it's also how genius works. When you're really good at one thing, there's the risk of thinking you're good at everything.

Re: Tesla Q1 2020 Update

#63

Post by nodesocket »

xiphias2 wrote: post #20
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon? I have read this from so many people for the last 5 years all the time. Sure, the tweets show that Elon wants faster growth, and frustrated, and I didn't like that tweet either, but if you want a conservative CEO, buy IBM or Oracle stocks, please leave Tesla alone.

If you build successful businesses in America it definitely sways your political beliefs and outlook. Are their very successful liberals who have built empires, of course, but Elon shouldn't be berated for being perhaps moderate or perhaps even conservative though I feel like he is mostly libertarian and a true capitalist.

"Silicon Valley has become Sanctimonious Valley!" -- Elon

Re: Tesla Q1 2020 Update

#64

Post by enos_feedler »

Touche wrote: post #27
xiphias2 wrote: post #20

Earlier quoted context omitted.

- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon? I have read this from so many people for the last 5 years all the time. Sure, the tweets show that Elon wants faster growth, and frustrated, and I didn't like that tweet either, but if you want a conservative CEO, buy IBM or Oracle stocks, please leave Tesla alone.

I just don't want a batshit crazy person running a company I invest in.

I think it's important to put tweets into perspective. Twitter is a media platform not a window into someone's mind. I think his tweets are great and he should just keep them coming. It's entertainment.

Re: Tesla Q1 2020 Update

#65

Post by treebornfrog »

This is the craziest rollercoaster of a stock I've seen.

Props to Elon for everything he does.

He gets a lot of flak about his tweets, I for one, couldn't care less.

Big picture, he's the Henry Ford of this generation.

Re: Tesla Q1 2020 Update

#66

Post by liquidise »

guardiangod wrote: post #15
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

Someone _please_ hire someone to follow EM with a phone jammer on. I can't take his BS anymore. Why do smart people like to have strong opinions on subjects they are not expert in? (Disclosure: I own TSLA stocks.)

I love this comment so much, though i can't decide if it is sarcasm or not.

Musk has made a career breaking norms, and at times, rules. If you are an investor in $MUSK_CORP, you are frankly buying into that eccentricity. Personally, i love it for all the productivity and discomfort it brings us. He makes us think, if nothing else.

Musk is a maverick. Maybe 90% of the time that energy is channeled productively. As for the other 10%? Cost of doing business as far as i'm concerned. In an age when the younger generation seems to want to eat the rich, Musk stands out as someone using his time and money for good. The apparent flaws are cornerstone to his genius, just run amok.

Re: Tesla Q1 2020 Update

#67

Post by SketchySeaBeast »

mcv wrote: post #62
SpicyLemonZest wrote: post #24

Earlier quoted context omitted.

That's how democratic societies are typically intended to work; on issues of great social importance, everyone's encouraged to think about them and decide what they'd like to happen.

I think it's also how genius works. When you're really good at one thing, there's the risk of thinking you're good at everything.

Is that genius? Because it seems to be common in the unintelligent as well.

Re: Tesla Q1 2020 Update

#69

Post by jonny_eh »

mettamage wrote: post #59
Touche wrote: post #27

Earlier quoted context omitted.

I just don't want a batshit crazy person running a company I invest in.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

> Most people can't handle that

Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price.

And since when are arguments derived from first principles delivered in 3 word all-caps tweets?

Re: Tesla Q1 2020 Update

#70

Post by AmericanChopper »

tempestn wrote: post #11
TravisSc6tt wrote: post #5

Earlier quoted context omitted.

I've noticed that companies' stock prices don't always correlate to the performance of their past quarter. Wonder why

Change in stock price on earnings news tends to correlate to the performance relative to expectations . The estimated performance is already priced in, so the movement will be based on how much better or worse the actual results were than the estimated/anticipated ones. In this case, it was obviously a bad quarter for Tesla, but the bump suggests that traders expected it to be even worse.

To add something to this, traders have their own expectations of how companies will perform relative to their published estimates. I used to work at a unicorn that would consistently exceed its published estimates, and the stock price took a non-trivial hit the first time it ever met them.
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