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

Tesla Q1 2020 Update

ir.tesla.com

Post reply on HN
Print view View original

1–10 of 391 posts

Re: Tesla Q1 2020 Update

#2

Post by chollida1 »

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 multiple factories around the world( around 150,000 in capacity once they get going for Model 3, Model Y not yet and should be incremental on top of Model 3 number)

- Berlin Giga scheduled to start producing Model Y's in 2021, so capex drain for rest of year and probably into 2021

- TSLA trying to run an amazon HQ2 like process for Truck and Model Y factories, look for small, southern, and poor cities to bid and probably win

Numbers:

- 1Q Revenue $5.99B vs Estimate $5.81B

- 1Q Free Cash Flow ($895M) vs Estimate ($604.4M)

- GAAP net income of $16M for 1Q

- sale of ZEV in 1Q $354 million vs $133 million from Q4, not going to have this to bail out their quater in 2Q

- 35 Megawatts of solar( down by about a third Q/Q)

- sitting on $8.1B of cash, sweet!! but burn rate is approx ($3-4B) a year

After:

- semi not until 2021

- not reaffirming numbers, will check in again in 2Q, makes sense

Want to know:

- Solar roof? give up or start committing, hard to sell to consumer during shutdown

- battery storage for energy, growth area or sign of lack of focus and minor distraction to core business?

inventory growth? Building cars no one is buying or still not able to keep up with growth or finally found balance between the two?

- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon?

Re: Tesla Q1 2020 Update

#3

Post by robmerki »

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…

He's probably tweeting MAGA adjacent memes to market the Cybertruck

Re: Tesla Q1 2020 Update

#4

Post by applecrazy »

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…

Also want to point out that TSLA is up about ~6-7% in after-hours trading

Edit: accuracy

Re: Tesla Q1 2020 Update

#5

Post by TravisSc6tt »

applecrazy wrote: post #4
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…

Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy

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

Re: Tesla Q1 2020 Update

#6

Post by gruglife »

TravisSc6tt wrote: post #5
applecrazy wrote: post #4

Earlier quoted context omitted.

Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy

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

Stock price is forward looking, not past.

Re: Tesla Q1 2020 Update

#8

Post by formercoder »

TravisSc6tt wrote: post #5
applecrazy wrote: post #4

Earlier quoted context omitted.

Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy

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

Some combination of momentum with the market or sector, pricing in future growth, an earnings call that does a good job explaining the bad quarter.

Re: Tesla Q1 2020 Update

#9

Post by asdff »

TravisSc6tt wrote: post #5
applecrazy wrote: post #4

Earlier quoted context omitted.

Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy

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

If the news is expected to be bad, but is actually less bad than anticipated, then the stock goes up, even if it's bad. There's been a lot of that lately.

Re: Tesla Q1 2020 Update

#10

Post by vikramkr »

TravisSc6tt wrote: post #5
applecrazy wrote: post #4

Earlier quoted context omitted.

Also want to point out that TSLA is up about ~6-7% in after-hours trading Edit: accuracy

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

In what sense do you mean they don't correlate to performance? Overperforming or underperforming expectations will correlate very highly to the way the stock moves on the news
Post reply on HN