For anyone who does not understand 'exceptional'and 'superb' when discussing TSLA I suggest looking at the 10Q for 3rd quarter.
In the category labeled "Automotive Lease Revenue" page 11 look at credit losses then divide by "gross Lease Receivables. The results are astounding when compared with others.
Then go to page 14 to make similar assessment of "Warranty Reserves" and "Warranty Expense"
Apart from the virtually unprecedented Free Cash Flows being generated at
@The Accountant and others often discuss,
the amazingly good credit quality and equally amazingly low warranty expense with very conservative reserves is yet another obvious but little noticed indication of how exceptional TSLA really is.
When facing FUD from all sides, friendly fire too, we also have constant carping of what Tesla should do better. Much of that is valuable, for continuous improvement is crucially important, in cost reduction, reliability improvements and feature development.
Still, this 10Q tells a vastly different story than the PR, including that of Elon, is presenting. This 10Q describes excellence in nearly all efficiency metrics, despite gigantic investments continuing with challenges in every area.
If the foregoing is not good enough take a glance at services and energy sales.
After examining that and the rest of the financials then, and only then, tell us why Tesla does not understand marketing, why they desperately need better education of the masses and why they are faltering in several areas at once. I would really like to understand what is wrong. Frankly, I'm almost giddy with admiration for the sequence of nearly impossible successes.
Without doubt I could be wrong. Please tell me how I am, if anybody can find evidence in the 10Q or elsewhere.
In the meantime I'm still HODL, and thrilled that TSLA is preserving such a stellar balance sheet, and not wasting reserves on share buybacks, dividends or inefficient promotional devices. Those practices have allowing Tesla to survive and thrive while others around have had bankruptcy, mergers and/or bailouts. Every quarter, poring over the 10Q new brilliance emerges!
Nerdish life is thrilled!