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Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples: "Tesla shares soar after crushing third-quarter earnings" CNBC "Tesla's Quarterly Profit Drops 54%" WSJ "Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider "Tesla ekes out a profit as all eyes turn to its China Gigafacto…
Earlier quoted context omitted.
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…
> Some of these cars are superior to Tesla e.g. Porsche Taycan Depends on your metrics. IMO, the Model 3 Performance is the superior car. Half the price, quicker, longer range, and has access to the largest fast-charging network in the country.
On the other hand Porshe is still luxury brand, so I can imagine the interior being more elegant.
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?
That's my first thought. It seems that the US did things like that a long time ago in an era that has passed us by, replaced by gridlock and petty politics. Or it might just be that most of our growth isn't in things we build, and instead in intangible services. Probably both.
$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…
The only way that could be true is if they had 100% of the market.
Which is far from the case. Most cars in the global fleet aren't even electric yet, let alone Tesla.
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?
20% jump after market. I'm really confused. Is this short covering? I've read through the financial statement. They're fine, but I'm scratching my head over why it warrants 20% jump? Anyone have a good explanation?
TSLA is particularly volatile because they run the risk (and many analysts believe) that they will run out of cash before they can achieve profitability, so their share price have carried a lot of risk that have hampered its price from its $400's highs. This surprising profit effectively significantly weakens the risk giving investors more confidence they'll continue to be around for the long term to dominate the EV market.
$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…
The fact that "near 2020" is now "this year or next" doesn't change the rest of the prediction. I would therefore be willing to take a bet that most traditional car companies will be out of the car business in not very many years. This means that there is a giant market share to be captured by new car brands.
Tesla is the best known here. But I would also suggest keeping an eye on the many Chinese brands. I consider, for example, SAIC more of a competitive threat to Telsla than Porsche.
Earlier quoted context omitted.
Is Model Y replacing Model X?
No, Model X will remain as the larger and more expensive SUV. Model Y will be smaller, less expensive and compete in the "luxury crossover" segment (Mercedes GLA, BMW X3 etc)
Sorry if this is slightly off topic, but it is amazing to me how differently various publications are spinning the same basic facts. Some headline samples: "Tesla shares soar after crushing third-quarter earnings" CNBC "Tesla's Quarterly Profit Drops 54%" WSJ "Tesla returns to profitability and tops Wall Street's third-quarter earnings" Business Insider "Tesla ekes out a profit as all eyes turn to its China Gigafacto…
Part of the problem is that the Internet has resulted in lots of these news outlets simply trying to be first on a story and then editing articles in real time. For example, that negative WSJ headline doesn't appear to exist anymore and now their article on the subject it titled "Tesla Holds Down Expenses, and Its Shares Surge" with the 54% number relegated to a subheading. Odds are that article will continue to be e…