Re: To Lease or too buy an EV
Posted: Thu Aug 29, 2019 7:04 am
That tent won't sleep 3 (count the hands/arms in the bottom pic).
Personal computing discussed
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:
And the upcoming China factory coming online soon: