mershaw2001
I'm short the short sellers
Why is it that when I went to this twitter link an hour ago it worked, but now it appears to be taken offline, and the user's tweets are locked? it appears he took it down.
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Why is it that when I went to this twitter link an hour ago it worked, but now it appears to be taken offline, and the user's tweets are locked? it appears he took it down.
I thought I heard him say at the annual meeting that they had indeed reached 3,500 a week. I wonder if anyone has a transcript of that handy.
Interestingly the Tweet from John has been deleted minute ago. So, thats an indication this has not been an intended leak
No, man, it is not indicating anything. A lot of intended "leaks" going online just for a few minutes. Just to be noticed by public. But we don`t know for sure
Also makes you wonder what in the world he was thinking tweeting about production numbers... You`d think he`d know that`s not for him to do. Generally speaking you don`t do that at any company unless authorized by management. I would imagine Tesla has also made this clear internally.Well, first of all tweets are never for sure so we always have to be careful with them.
However looking at his role at Tesla and what he tweeted before he does sound like a credible source to me. I did not see any other sources that credible.
He may did get a bad call from a Tesla lawyer and as a lot of responses are out there already closed the account for now to mitigate. The message is out anyway and cannot be deleted any more.
I hope he is fine though and does not get a problem. Seems to be a good hard working guy.
I hear you, we`ve been burned a couple of times reading too much into Tesla`s carefully worded communications. However, to me this was much more straight forward than the "demonstrated run rate" language before. And while it did not mean they have already produced 3,500/wk, this was from about 2 weeks ago, so i don`t think assuming 3,500+ for last week (at least) is a stretch.Thanks for chiming in, I’ve literally read that email 10x, and still he’s only mentioned that all parts of Model 3 systems are producing above 500, but has not mentioned that 3,500 cars were produced in any given week as of yet. This again to me is colorful language, some speculate they haven’t put together 3,500 cars was due to the 200,000 tax credit number. With 7 more days to go, he better hurry.
I work for a US multinational and stuff like that (not sharing any internal company data) is part of our standard employment contract language. I would NEVER dream of sharing any internal data, slides, production or sales figures. They would fire my a** on the spot.I doubt Tesla has extensively warned it's employees about posting #'s. While I'm 100% confident production numbers will be good, the stock could go down anyway. It's highly unpredictable, and remember Q1 where numbers came in better than expected and than the conference call happened.
I doubt Tesla has extensively warned it's employees about posting #'s. While I'm 100% confident production numbers will be good, the stock could go down anyway. It's highly unpredictable, and remember Q1 where numbers came in better than expected and than the conference call happened.
It should be noted that Model 3 production at 5k is only break even. While it is a nice milestone it does not cover future obligations, much less provide funds to support expenditures needed for future growth. For me to be pleased I would like to see a push through 6k in the August time frame.
Call me jaded...due to the challenges Tesla has had in getting to 5k I am looking for some nugget or confirmation that Tesla can continue to ramp to 8k or higher. This is primarily due to lowered confidence in how quickly and easily Tesla has been able to ramp Model 3 production to date.
It should be noted that Model 3 production at 5k is only break even.
This is assumed based on past statements highlighting the 5k milestone. No doubt this changes depending on the model margins being produced.Is that a solid data point, or only an assumed one based on 5k in Q3 and profit in Q3?
So only $400 million in revenue per year, or $100 million per quarter? Peanuts, I guess. ;-) I wonder what the true gross profit margin is there. Not huge, but could definitely be a help to cash flow.Elon has only guided for about 1 GWh in the next 12 months.
As stated before I am not worried about GA3 and 4; with four lines, they'll be well over 5000/week quickly. The only bottlenecks which worry me are the paint shop and the other one Musk mentioned, getting the body line to sustain 5000/week reliably.If his tweet is to be valid then this is the 1st of 4 bottlenecks solved. The other 3 are in Fremont, GA3 and 4 needs work, also paint shop as well.
Is that a solid data point, or only an assumed one based on 5k in Q3 and profit in Q3?
If the German tear down price of 28k is correct, and Tesla is selling at 49k, even with double the target 2k/car depreciation and 4k of labor per vehicle, that is 13k gross profit. With the typical 600M quarterly loss, they need 46k cars or 4k/wk to break even.
With the reduction in contractors and employee count along with R&D expense cut backs, the numbers should be even better.
So only $400 million in revenue per year, or $100 million per quarter? Peanuts, I guess. ;-) I wonder what the true gross profit margin is there. Not huge, but could definitely be a help to cash flow.
Elon has only guided for about 1 GWh in the next 12 months.
To be fair, the German price of 28 k$ based on the tear down of the 49 (54) k$ variant assumes weekly M3 deliveries at 10k.