Recent content by damonbrodie

Great Q posted by Tesla. Congrats to @petit_bateau for nailing the EPS number. Lot's of good takeaways from the earnings call. One that stands out is the statement about expecting quite a bit of factory downtime in Q3 for upgrades. @Troy has been predicting this for quite a while now - the...

Well here we go again - another Quarterly announcement this week. I've cobbled together the predictions: Source EPS - GAAP EPS - Non-GAAP Gary Black $0.76 $0.87 James Cat $0.76 $0.88 Matt Smith $0.75 $0.86 Wall Street Journal $0.65 $0.76 Wall Street Consensus $0.69 $0.81 I...

I think he's extra conservative. He's likely hedging that the M3 lines will come down at some point for Highland updates. Gary Black estimates 450K for this Q which is a bit above WS consensus.

Edit - Part of my post went away: I'm wondering what people include when they talk about ASP. For example: Sum of: Total Automotive Revenues exclude Auto Leasing? exclude Regulatory Credits? Divided by: Total vehicle deliveries Minus Leased vehicles? Just want to know if I'm comparing...

Ok - I've been back and forth on this a couple times. Can you explain your understanding of how the revenue for a foreign sold car is recorded? Would they take the sales on any given day and convert it using that day's exchange rate to USD? Something else?

I pulled in the full inventory for all new inventory this morning for all Tesla markets and it came in at roughly 4200 vehicles At the discounted prices and converted to USD it comes in at $5.2B. My method is likely the same as Matt's and it seems that will not pull in duplicate configs of...

Doesn't Tesla use the "Contant Currency" for reporting? In the share deck for Q1 it said: So for Q2, assuming the average exchange rates from the same quarter in 2022 these are the exchange rates I assume: Country Q2 2023 (average from Q2 2022) USA 1.0000000 Canada 0.7838256 Mexico...

Q2 delivery predictions Just over 3 weeks left in the quarter. Here are the quarterly delivery forecasts so far: Source Prediction Troy Teslike (last public post) 439K James Stephenson 520K Wall Street 447K James' prediction is quite high. He takes a more analytical "what could be"...

Hi Hi Mongo, Thanks for your insight. does this make sense then for the IRA credits that Tesla would get for each vehicle USA produced vehicle in Q2?

For the IRA battery credits in the US: Do the cells and packs have to be sold to US customers for Tesla to receive the credit? What about cells and packs made in the US but sold in Canada/Mexico? Are the credits now in effect? Are all the cells and packs for the Model 3 and Y for vehicles...

Hi everyone, I'm now tracking the Tesla vehicle prices across 10 different currencies and just in the two weeks I've been collecting daily price data, the effective price after currency conversion has declined somewhat...

I'm taking a closer look at the China Model 3 ASP. Right now the Model 3 RWD is selling for: China has a 13% effective VAT: 231900 * .13 = 30147 231900-30147 = 201753 < Revenue in Yuan for Tesla Converting that into USD: $28512 USD. According to @Troy model the COGS for the Model 3...

Any thoughts on the automotive COGS improvements for Q2? On the Q1 call Zach said something about the “costs really starting to improve in Q2”. Given the overall drop in ASP I hope that COGS can improve proportionally, but many hopes the same for Q1. It’s hard to guess when the lower...

I've been using this: https://docs.google.com/spreadsheets/d/1F5IQOynIawoXiJPVarLDgPQDJAdzY8b5Vamw-Vf3eSY/edit#gid=1843681657 I approximated 3 + Y ASP in Q1 to be $45.7K. Looking at the above there were price cuts in April for both the 3 and Y. I don't know if 3K is the right number, but it...

Broken down or the aggregate? Where?