LTLFTcomposite wrote:Anyone know, Is the earnings call available for all to hear? edit: never mind, I found it
We loaded the boat at 257.
https://www.bloomberg.com/news/articles/2018-10-24/tesla-model-s-loses-consumer-reports-nod-model-3-rates-averageTesla Model S Loses Consumer Reports Nod While Model 3 Rates Average
. . . Lowest-ranked brands this year are Volvo, Cadillac and Tesla. . . .
Model S reliability has declined as owners have reported suspension problems and issues with door handles; the Model X SUV remains much worse than average, due to its balky falcon-wing doors and center display screen. . . .
https://insideevs.com/popular-mechanics-defends-tesla-elon-musk/Popular Mechanics Defends Tesla CEO Elon Musk And His Endeavors
Zythryn wrote:LTLFTcomposite wrote:Anyone know, Is the earnings call available for all to hear? edit: never mind, I found it
We loaded the boat at 257.
Shareholder’s letter: http://ir.tesla.com/static-files/725970 ... 2d4045f799
They had a fantastic quarter, shorts are going to be much less of an issue now that they are generating their own cash.
LTLFTcomposite wrote:^ Agree, they seem to have turned the corner on being able to scale. The conference call gave me the distinct impression the adults are in charge now.
Also agree on the model Y. Model 3 being the best selling car was certainly made easier by the fact that cars per se have fallen from favor, eg Altimas have been pushed aside by Rogues and the same story is playing out across all brands. That Tesla is doing so well without even having the form factor most people want these days is pretty amazing, wait until they have compact crossover... any concern over demand/sales faltering will be completely gone.
LTLFTcomposite wrote:they seem to have turned the corner on being able to scale.
lorenfb wrote:LTLFTcomposite wrote:they seem to have turned the corner on being able to scale.
Really? And besides your feelings, e.g. "they seem", what specifically, i.e. production capacity coming on-line in the next six months,
is the basis for that conclusion? Tesla has the balance of 2018 and Q1 of 2019 to "milk" the backlog (reservations) for about 100K
of the $50K+ M3s. After that they'll have to lower the price way below $45K to just fully utilize their present limited output of about
5K per week. So Q1 of 2019 probably will have another positive GAAP, but the balance of 2019 becomes a real issue. Furthermore,
the MS/MX appear to now have reached a plateau of about 10K per month, i.e. no growth there for Tesla. Based on the gross profit
of 20% for the M3 selling at $50K+ in this Q3, that basically indicates marginal profit at delivered M3s at less than $40K. Combine that
with the expiration of the tax credit, an actual backlog greater than 200K is highly questionable. Yes, Tesla probably will be able to
squeeze about another 5 to at most 10% more profitability from the M3, but that's about it.