2015 Q1 Discussion thread for Delivery numbers, Earnings Report and Conference Call

[mrdoubleb]

I am not worried by the burn either. However, any business must need cushion to overcome unexpected events specially in manufacturing where things may not get resolved like a software patch.

Good catch on $1.5B for the entire year. Even then, having only a few hundred M $$ in the bank is not a good idea come September. I still feel that Tesla is setting up for a Q2 beat and then they will go for a secondary.

oh yeah, pretty sure they'll do a secondary later this year to be able to keep up the pace of the GF development. Maybe they'll say "to complete GF1 and start construction on the European factory and attached GF2". They may wait for X release or reveal though, just to score a few more wins.

 

[tinm]

And now for a more important question for folks tuned into the web call: what was the classical on-hold tune they just played? Not the one on hold right now, but the one before, a sadder, more moody (adagio?) composition? Would love to know which composer that was...

 

[Larken]

Agreed. She usually has some really good questions that broaden the perspective.

Also: anyone want to take a bet on how many times Elon and Deepak use the phrase "Production constrained" during the call? I'll keep count. My guess is 8 times.

Ahh a new prediction game? I like it :smile: I'll place my bet on 4 times.

 

[Johan]

If they do a secondary I think definately it will be a bond offering and not a stock offering. With the bonds market being mostly negative yield right now I think they'll have people lining up to buy their debt. They had no problem what-so-ever selling out the last offering. Now you have the GF materializing and the whole new business of storage with all its promise. So it should be easy to raise a lot of money if they want/need.

 

[Johan]

Anyone else? Soon it'll be rien ne vas plus.

 

[Gerasimental]

Ahh a new prediction game? I like it :smile: I'll place my bet on 4 times.

10! Main use driver being commercial and grid scale stationary storage. Come on!

 

[Grendal]

oh yeah, pretty sure they'll do a secondary later this year to be able to keep up the pace of the GF development. Maybe they'll say "to complete GF1 and start construction on the European factory and attached GF2". They may wait for X release or reveal though, just to score a few more wins.

They could still get some more money from Panasonic and that would alleviate the need for Tesla to gather the funds. So far Panasonic has only put in a token amount.

 

[Johan]

What did Elon mean about Q4. If the ramp goes as planned they'll make as many X as S in Q4??? I must have misunderstood.

 

[Cattledog]

EM - Production might double in Q4 if all goes right. Yowzer!!!

- - - Updated - - -

EM - Drove X prototype today, will be the best SUV on market.
John Lavallo is embarrassing. (To B of A)
Elon just told him what question to ask.
In one wee, 38,000 reservations for Powerwall, 2500 Powerpack reservations (10 Powerpacks per reservation). Holy crap!!!

 

[FluxCap]

EM - Production might double in Q4 if all goes right. Yowzer!!!

Wow - and "Model X is by far the best SUV [in the market]" from his test drive today!

 

[Zaxxon]

What did Elon mean about Q4. If the ramp goes as planned they'll make as many X as S in Q4??? I must have misunderstood.

That is what I heard, that by the end of the Q production would essentially double if everything goes perfectly on the X. Which it won't. But it's still a strong statement.

 

[Bgarret]

What did Elon mean about Q4. If the ramp goes as planned they'll make as many X as S in Q4??? I must have misunderstood.

You heard correctly.

 

[Johan]

Lovallo making a fool of himself... who cares about ZEV? Unless you're a bear.

 

[Gerasimental]

EM - Production might double in Q4 if all goes right. Yowzer!!!

- - - Updated - - -

EM - Drove X prototype today, will be the best SUV on market.

Wow - and "Model X is by far the best SUV [in the market]" from his test drive today!

To be fair he would say that :smile:

 

[virtuesoft]

John Lovallo with no point whatsoever, gets shot down.

 

[joefee]

Pack swap death nail just hammered !

 

[Clprenz]

Hahaha, they clearly do not like Bank of America

 

[Bunky]

Elon telling Lovallo what question he should be asking. Brilliant.

 

[Zaxxon]

38,000 PowerWall reservations in a week. Granted, there's no financial requirement to make that reservation, but wow.

 

[hershey101]

50-60K powerwall res. 25K powerpack res.!! HOLY COW!