LTLFTcomposite
Well-known member
Anyone know, Is the earnings call available for all to hear? edit: never mind, I found it
We loaded the boat at 257.
We loaded the boat at 257.
LTLFTcomposite said: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/arti...es-consumer-reports-nod-model-3-rates-averageTesla Model S Loses Consumer Reports Nod While Model 3 Rates Average
So, encouraging news on the corporate side, but QC is still an issue. Now, can they be consistently profitable going forward, once the lower-margin Model 3 versions dominate sales?. . . 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 said:LTLFTcomposite said:Anyone know, Is the earnings call available for all to hear? edit: never mind, I found it
We loaded the boat at 257.
Good call!
Shareholder’s letter: http://ir.tesla.com/static-files/725970e6-eda5-47ab-96e1-422d4045f799
They had a fantastic quarter, shorts are going to be much less of an issue now that they are generating their own cash.
LTLFTcomposite said:^ 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 said:they seem to have turned the corner on being able to scale.
lorenfb said:LTLFTcomposite said: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.
webb14leafs said:These arguments will keep going on for a while because after the next couple quarters (or possibly sooner) it might be a long time before Tesla reports another profit. It was vital for them to show that they COULD show a profit, because the next thing they need to do is build up a ton of debt as soon as possible. The credit market is tightening and they need to secure enough cash to buildout 2 new plants. I think they just showed the investing world that they can make money.
October 2018 EV SALES will be reported beginning on Thursday, November 1, 2018, beginning with Toyota Prius Prime and Nissan LEAF sales at 6:30-7:30 AM PT (9:30-10:30 AM ET) and continuing with Ford and other automakers into Friday and the following week.
VW Claims By 2020, Its Electric Cars Will Match Tesla At Half Price
I see you are still living under the illusion that Tesla has no technology differentiation in the EV market other than their Superchargers. That's still utter nonsense.lorenfb said:https://insideevs.com/
VW Claims By 2020, Its Electric Cars Will Match Tesla At Half Price
Indeed, they have decent EV and PHEV sales in Europe. https://cleantechnica.com/2018/08/27/european-electric-car-sales-increased-42-in-h1-2018-vs-h1-2017/ are some figures that I quickly found.Zythryn said:I hope VW does make EVs in decent numbers that are cheaper.
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