Recent content by NickInLab

One thing that I have been wondering: Do you know if it is 130% of base pay or 130% total compensation? My understanding is that every Tesla employee is granted some stock options, which is different to many other companies who only grant options to management and those working in...

In all seriousness, this is exactly why Tesla was smart to make one giant OMG-the-sky-is-falling price cut (even if it scares the bejezus out of wall street and gives FUDsters ammo) instead of a series of smaller price cuts. Tesla is training customers that this is their one chance to get a...

Not quite, but they’re getting close. $19B in assets and $3.6B in liabilities as of Q3, so ~15.3B in stockholder equity. Divided by 921M shares is just under $17/share. Since we’re nearing the end of Q4, and Rivian is lighting about $1.5B (inferred, because they only state cashflows on a 9...

I would actually disagree with that somewhat. Throughout the 90's, and most of the 2000's, companies increasingly outsourced manufacturing to countries with a low cost of labor (and more "flexible" environmental regulation). Consequently, the cost of manufacturing in real dollar terms fell...

Exactly. The other issue that's starting to come into focus is their unit production cost, which is currently looking to create negative gross margins: Best case: Assume Rivian can produce 25k trucks this year with zero growth of Cost of Revenues. That means they need to produce around...

Activated carbon (charcoal) for poisoning?

I actually don't need to do anything. I don't appreciate the accusatory tone, so I'm going to log out for now. See ya.

Because I ctrl-f'd for "sbc" not "stock-based", so I didn't see it the first time. Tesla doesn't break out SBC into the various Opex buckets, so it will make the table a bit of a mess if I go back and edit it now. I'm getting tired of this. It's clear that Rivian's opex is highly...

Because doggydogworld claimed they were OTEs. Rivian doesn't claim they are (that I can see), but keep in mind that SBC is a non-cash expense in all cases. Happy to edit my post to add that if you can provide the number. I didn't easily find it in the deck.

Personally, I would need to see: Positive GM (both companies currently have COGS > 8x revenue). If you're taking a loss on each unit, volume doesn't help you. "Reasonable" (whatever that means) production expansion. They either need to start hitting their targets, or fail to hit really...

From page 15 of the FY2021Q4 Rivian shareholder letter, we have (in Millions): Total One-time-ish (SBC & donations) Difference R&D 726 277 SG&A 682 277 Other 633 663 Total Opex 2071 1217 854 From page 30 of the Tesla shareholder letter, we have (again, in millions): Total...

Not really practical, unfortunately. The problem is that any published “n day & x miles” safe harbor policy will inevitably lead to people who intend to resell cars to hold cars for n+1 days after driving exactly x+1 miles. So it doesn’t stop unscrupulous dealers. Tesla does need to ensure that...

I wonder if you could share (or point me to a post where you already did), at least generally, how such a model is built? Are you assuming some supply and demand curves and asking "what if I shift the curve like this?" I think many of us could benefit from learning how to build models like...

Better yet, ask them to calculate how much time they spend at the gas station each year for their weekly gasup. Then compare that number to the hour spent supercharging once or twice a year. If time is money, how can you not buy an electric car?

I know that. The point is that if/when congress decides to levy a "direct" tax, they will need to ensure that the money derived from it is spent in the various states in proportion to their populations. Actually doing that has been so difficult that no congress has seriously tried. Again, I...