Personal computing discussed
Moderators: askfranklin, renee, emkubed, Captain Ned
Captain Ned wrote:That tent won't sleep 3
Usacomp2k3 wrote:Very good quarterly earnings report. The stock market likes it too. 70 jump which is around 20%. Revenue is slightly down year over year but profitability is way up.
dragontamer5788 wrote:Usacomp2k3 wrote:Very good quarterly earnings report. The stock market likes it too. 70 jump which is around 20%. Revenue is slightly down year over year but profitability is way up.
Where I have very pessimistic thoughts however, is that revenue. Tesla sold +20% more cars, but made -8% as much revenue (!!). Clearly, the value of Tesla cars has plummeted over the past year. I know that Tesla lost its US Tax credit (or at least, its down to $1875 from $7500 from last year), which probably plays a role, but Tesla sold a significant number of cars overseas this past quarter. So the US-Tax Credit has no effect on oversea-pricing. Why is Tesla unable to maintain their prices? +20% more cars should be +20% more revenue in a logical world. To see a revenue drop while growing suggests well... demand problem. Tesla doesn't seem to be able to command as high prices as before.
CapEx, the investment into equipment, is also down severely from last year. I keep looking at that number: Gigafactory 3 has a bunch of nifty pictures, but where's the money coming from? Building a factory of that size should be seen as a sizable +CapEx investment, but its not really showing up. Now I'm not a conspiracy theorist, I really do trust the 10Q data. My current assumption is that Tesla has cut-back on other CapEx spending to make the Gigafactory 3 possible.
wierdo wrote:Nice summary of financials:
https://www.youtube.com/watch?v=zMcnhirmcl4
And the upcoming China factory coming online soon:
https://www.youtube.com/watch?v=ImFEfa3s1UM
dragontamer5788 wrote:wierdo wrote:Nice summary of financials:
https://www.youtube.com/watch?v=zMcnhirmcl4
I have a hard disagree on that. Just read the data from the horse's mouth: https://ir.tesla.com/static-files/4c1e9 ... 4200a9fa17
There's no reason to spend 40-minutes on a Youtube video when the raw data is easily accessible.And the upcoming China factory coming online soon:
https://www.youtube.com/watch?v=ImFEfa3s1UM
Also information in the 10Q. You're now up to 1-full hour spent on watching Youtube videos, when you could have instead got a whole bunch of way more relevant information from the 10Q. The sooner you learn to skim through the financial data, the sooner you'll be able to get to the real news instead of simply consuming other people's opinions.
If I'm wrong on something, I'll own it as my own mistake. But there's a sense of pride in being able to form my own opinion on matters, even if it is wrong at times. Besides, I've been right on Q1 and Q2 this year so far, so I'm doing 2/3 (I was clearly mistaken on Q3 financials). I'm willing to bet that Tesla returns to its regularly scheduled losses come Q4, based on my readings here. For those tracking at home, my specific prediction would be a net-loss in the hundreds of millions.
roncat wrote:Well, Tesla didn't have a 4Q loss, but it looks like they had to sell the furniture to do it. Revenue is down versus 2018. Oof. Hopefully China can save them, and they just cancel/stop production on anything with gull wing doors. They gotta pick a few key models and go all in on them.
dragontamer5788 wrote:I have a hard disagree on that. Just read the data from the horse's mouth: https://ir.tesla.com/static-files/4c1e9 ... 4200a9fa17
There's no reason to spend 40-minutes on a Youtube video when the raw data is easily accessible.
...
The sooner you learn to skim through the financial data, the sooner you'll be able to get to the real news instead of simply consuming other people's opinions.
...
I'm willing to bet that Tesla returns to its regularly scheduled losses come Q4, based on my readings here. For those tracking at home, my specific prediction would be a net-loss in the hundreds of millions.