Just thought I'd create this thread for recording the discussion following the release of the Earnings Report and the Call that follows. Web link to the webcast (Wednesday, November 05, 2014, 5:30 pm EST = 2.30 pm PT) 2014 Q3 Earnings Report Alternative link (Dropbox) to the 2014 Q3 Earnings Report
OK. A break down attempt. Positive: Q3 production met guidance Gross margin maintained Positive non-GAAP EPS Future growth trajectory very positive: - Selling and administration expenses up another 18% equals continued expansion. - Gigafactory to produce actual cells in 2016! - Expecting to exit 2015 at 2000/week run rate (that's something like 100k/year combined Model S+X going in to 2016!) Negative: Guidance for whole year 2014 down from 35k delivered to 33k delivered Model X delayed to Q3 2015 Basically no ZEV income in Q4
1) I'm a little confused going back and forth between the 2 threads and my stock platform. 2) I think I only asked about 2014 deliveries in the other thread. The rest is for Q3 specifically and why TSLA is up instead of down.
Any predictions on what "reducing the number of options and powertrain combinations" will mean? Is that the end of the 60? Will air suspension become standard?
This, I think, is the key statement from the earnings report and puts all this "slowing demand" nonsense to bed: 'nuff said.
I think they will bundle more stuff together. Maybe time to loose the "tech package" all together? (make it standard)
Its a miss IMO. specially q4 delivery. Now, I cannot take them by word on timing. The GF thing being early a bit may just be a relief note which has no value. We'll see in next few quarters. Model X was speculated to be delayed including from Jonas. I don't like this earnings. Elon needs to beat his words. He somehow over-promises and under-delivers. Thank god thats the opposite when it comes to actual product.
Another point I would like someone to ask is this: What is taking so much to increase freaking production? Before, it was a battery availability issue. Now what? They need to somehow resolve these issues quickly.
Thanks. Was able to download from the site after my 10th attempt. First thing I looked at was customer deposits and it looks like they didn't go up at all. I'm wondering if this is from them delivering the s sigs in Asia but not taking any new Sig orders.