Tesla Q2 2019 Letter

#1

Post by quico » Wed, Jul 24, 2019, 8:48 PM UTC

Tesla Q2 2019 Letter
ir.tesla.com

Re: Tesla Q2 2019 Letter

#2

Post by flyGuyOnTheSly » Wed, Jul 24, 2019, 9:02 PM UTC

Judging by the nosedive that the stock price is taking in after hours trading (down over 12% from $264.88 at close an hour ago to $236 right now), the outlook of this letter isn't great.

Re: Tesla Q2 2019 Letter

#3

Post by techntoke » Wed, Jul 24, 2019, 9:05 PM UTC

Here's to hoping that they hire some creative talent to help make letters that don't look like they are from the 90's.

Re: Tesla Q2 2019 Letter

#4

Post by kenhwang » Wed, Jul 24, 2019, 9:05 PM UTC

flyGuyOnTheSly wrote: post #2

Judging by the nosedive that the stock price is taking in after hours trading (down over 12% from $264.88 at close an hour ago to $236 right now), the outlook of this letter isn't great.

They missed market expectations. They lost 6x more money (-$2.31/share vs expected -$0.35/share) and sold less cars ($6.3b sales vs $6.5b expected) than the market wanted with more capex to come (China Gigafactory, Model Y).

Re: Tesla Q2 2019 Letter

#5

Post by eclipxe » Wed, Jul 24, 2019, 9:06 PM UTC

techntoke wrote: post #3

Here's to hoping that they hire some creative talent to help make letters that don't look like they are from the 90's.

The drop shadows are straight out of a bad Photoshop Tutorial.

Re: Tesla Q2 2019 Letter

#6

Post by bryanlarsen » Wed, Jul 24, 2019, 9:06 PM UTC

flyGuyOnTheSly wrote: post #2

Judging by the nosedive that the stock price is taking in after hours trading (down over 12% from $264.88 at close an hour ago to $236 right now), the outlook of this letter isn't great.

"Buy on rumours, sell on news". The stock is up about 50% since its low a month and a half ago when rumours of good deliveries started. A small pullback is expected. But maybe not 12%.

Re: Tesla Q2 2019 Letter

#7

Post by tempsy » Wed, Jul 24, 2019, 9:10 PM UTC

bryanlarsen wrote: post #6

flyGuyOnTheSly wrote: post #2

Judging by the nosedive that the stock price is taking in after hours trading (down over 12% from $264.88 at close an hour ago to $236 right now), the outlook of this letter isn't great.

"Buy on rumours, sell on news". The stock is up about 50% since its low a month and a half ago when rumours of good deliveries started. A small pullback is expected. But maybe not 12%.

Still down 40% from 52 week highs.

Re: Tesla Q2 2019 Letter

#8

Post by ianlevesque » Wed, Jul 24, 2019, 9:14 PM UTC

They jumped the shark with the Model 3, and I really wanted to like it.

Re: Tesla Q2 2019 Letter

#9

Post by gordon_freeman » Wed, Jul 24, 2019, 9:15 PM UTC

kenhwang wrote: post #4

flyGuyOnTheSly wrote: post #2

Judging by the nosedive that the stock price is taking in after hours trading (down over 12% from $264.88 at close an hour ago to $236 right now), the outlook of this letter isn't great.

They missed market expectations. They lost 6x more money (-$2.31/share vs expected -$0.35/share) and sold less cars ($6.3b sales vs $6.5b expected) than the market wanted with more capex to come (China Gigafactory, Model Y).

Not sure how does the CapEx gets allocated for the projects that are already progressing. For example: Tesla started building GF2 in China a few months ago so any idea in which Quarter(s) Tesla account for the CapEx? Is it before the project starts or at the end or every month gets even distribution of CapEx allocation from Start until End of the project.

Re: Tesla Q2 2019 Letter

#10

Post by wyldfire » Wed, Jul 24, 2019, 9:17 PM UTC

eclipxe wrote: post #5

techntoke wrote: post #3

Here's to hoping that they hire some creative talent to help make letters that don't look like they are from the 90's.

The drop shadows are straight out of a bad Photoshop Tutorial.

And here I am reading the numbers thinking, "wow, nearly doubled in sales revenue? Great job!"