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1Q 2018 Shareholder Update Highlights
- Thread starter TheRealM3
- Start date
TT97
Active Member
Plus the $2,500 from people configuring their cars? (If they are non-refundable, are they still considered deposits until the car is sold since Tesla can't take the profit until the sale??)
Absolutely those are included too. Plus deposits for Power Walls and Tesla Solar products.
This was one of the more entertaining calls that I have heard. Elon didn't want anything to do with short term minor details or financials and started off the call by skipping over them. I guy/kid/fan that asked about 10 questions was thinking big picture but with every question I was worried that he would ask the wrong one. Nice job to whoever that was.
omgwtfbyobbq
Active Member
They should. The unveiling was last quarter though, so I would expect the majority of those deposits would have been there already.
omgwtfbyobbq
Active Member
I'm not sure. Tesla characterizes it as a nonrefundable order payment, not a deposit, so they might include it under assets as cash or inventory.
I've read that they'll usually refund it if demand is high and you have a good reason for cancelling, but I have no clue about how they count it.
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"I believe that the current production of – vehicles that we are currently producing are capable of full autonomy with the only thing that would really be, like, might be needed – maybe is probably needed is a computer upgrade to have more processing power for the vision neural net. "
Soooooo basically saying that the compute solution will need to change, as expected. Place your bets now on the price hike that comes with it!
Soooooo basically saying that the compute solution will need to change, as expected. Place your bets now on the price hike that comes with it!
Austindude
Member
If you can handle his high energy you might watch Galileo's new video on the 1st quarter Tesla results,
He's the young man that asked questions on the call. This guy must drink a lot of coffee but I like his positivity.
The thing is Moore's law is a thing for the compute solution. So the future cost of the replacement part is likely same or less than the current board that impressed Munroe. So Tesla would already have a good idea of its cost.
Not really news as this was already hinted at by Tesla previously and expected by many. There may be a 'modest' (I'll say 1K) increase for those that haven't opted in already. On the other hand, 1K is already factored into pricing for adding feature later...
FloridaJohn
Member
That's only 15,700 Model 3s (assuming $50k each), or about 3-6 weeks of production depending on what rate you use.$785 million loss is a positive.
That's only 15,700 Model 3s (assuming $50k each), or about 3-6 weeks of production depending on what rate you use.
I like the optimism, but you calculated revenue, need 4-5x the quantity to get that in gross profit.
Agreed, assuming 20% margins that would be 5 times the sales volume needed (785M * 5) to get 785M profit, At 50k per car that would be 78,500 LR M3 cars, or 4 months of production at 5000 per week. Of course this ignores S & X revenues..
FloridaJohn
Member
Aha, right you are! That’s what happens when you type out the first thing that pops in your head.
Aha, right you are! That’s what happens when you type out the first thing that pops in your head.
Don't I know it!
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