TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

January 2014 Investor Presentation

Discussion in 'TSLA Investor Discussions' started by fengshui, Jan 26, 2014.

  1. fengshui

    fengshui Member

    Joined:
    Nov 9, 2012
    Messages:
    410
    Location:
    Santa Barbara, CA
  2. DaveT

    DaveT Searcher of green pastures

    Joined:
    Nov 15, 2012
    Messages:
    2,564
    Location:
    San Diego
    Thanks for the link. It's a great read.
     
  3. DaveT

    DaveT Searcher of green pastures

    Joined:
    Nov 15, 2012
    Messages:
    2,564
    Location:
    San Diego
    #3 DaveT, Jan 26, 2014
    Last edited: Jan 26, 2014
    Articles/megaposts by DaveT

    Here's a link to an investors presentation dated January 15, 2014 from Tesla Motors (thanks fengshui for posting it to the group):
    http://files.shareholder.com/downloads/ABEA-4CW8X0/2921970389x0x720221/5647bed2-1c27-4b40-abd3-dd11f8bc474e/Investor%20Presentation%20-%20Jan%202014.pdf

    There are a lot of interesting tidbits and it's definitely worth your read.

    They define Tesla Culture as their greatest asset:
    Move fast.
    Do the impossible.
    Constantly innovate.
    Reason from "First Principles"
    Think like owners.
    We are ALL IN.

    Got to love that. (I especially love the reason from first principles and the we are all in.)

    It's also to note for Gen3 that they expect a base price of $30-35k. Elon mentioned $35k (without incentives) before at the battery swap post press conference. So $30-35k is aggressive in expectations.

    Also for Gen3, they note:
    "Category-leading gross margin"

    This is great news as well. I don't think Elon has ever gone into specifics with Gen3 margin (only that he would choose lower margin for Gen3 to reach a wider audience). I'd love to hear Elon mention what Gen3's long-term margin goal is. I would imagine somewhere between 15-20%, though 20% might be too high. Maybe 16-18% would be my guess.
     
  4. clmason

    clmason Member

    Joined:
    Sep 29, 2011
    Messages:
    401
    Location:
    San Diego
    I like slide 11 showing model s vs other similarly priced cars. I think this data shows that Tesla is not going after a small market of EV buyers but against a much larger market of luxury buyers, and they are blowing out the completion.
     
  5. StapleGun

    StapleGun Member

    Joined:
    May 9, 2013
    Messages:
    270
    Location:
    Detroit, MI
    Nothing groundbreaking here but still fun to read. One interesting thing was how they used $$$$, $$$, and $$ for describing the cost of the Roadster, MS, and Gen III respectively. Possibly alluding to a low-cost '$' car in the future.

    Also Gen III $30-$35k with "category leading gross-margins". They definitely see a clear path to that price point considering how often they are quoting it, and now it's in official literature.
     
  6. RobStark

    RobStark Active Member

    Joined:
    Jul 2, 2013
    Messages:
    2,919
    Location:
    Los Angeles
    Back to $30-$35k instead of " half of Model S. "

    Backing off "at least 200 miles" to real world range.
     
  7. brianman

    brianman Burrito Founder

    Joined:
    Nov 10, 2011
    Messages:
    15,487
    $$/$$$ = 2/3rds ;)
     
  8. AlMc

    AlMc 'Senior Moments' member

    Joined:
    Apr 23, 2013
    Messages:
    5,387
    Location:
    Delaware
    Thanks DaveT. In addition to what you mentioned I also liked the fact that they are still presenting Model X as being in production late 2014 still. It seemed recently that the 'buzz' was pointing more to early 2015 as first production.
     
  9. vgrinshpun

    vgrinshpun Active Member

    Joined:
    Apr 5, 2013
    Messages:
    3,888
    Location:
    PA
    #9 vgrinshpun, Jan 27, 2014
    Last edited: Jan 27, 2014
    According to Deutsche Bank's proprietary work for their July 26, 2013 report Tesla expected to have 35% gross margin for Model S/X and 25% for Gen 3 on a combined volume of only 200K/year. :biggrin:

    The full quote (PM me if you'd like a copy of the report):

    Based on proprietary work in this report, we now believe that Gen3 can fully close the cost premium gap to the BMW 3-Series segment while generating gross margins in the 25% range. If Tesla can get to 5% share of its addressable market (200k units, including Model S / X), we expect gross margin in the 28% range all-in (~35% for Model S/Xand ~25% for Gen3). And even if R&D / SG&A costs nearly triple from current levels, they would be in the 8% of sales range, implying 20% EBIT margins.

     
  10. Theshadows

    Theshadows Active Member

    Joined:
    Apr 20, 2013
    Messages:
    1,896
    Location:
    PA
    Articles/megaposts by DaveT

    Well that's a real bummer (for short term selfish reasons only) I was hoping for premiums to come down some more so I could add.

    Thanks for sharing. That's really great news. :)
     
  11. Discoducky

    Discoducky Active Member

    Joined:
    Dec 25, 2011
    Messages:
    2,884
    Location:
    Seattle
  12. ckessel

    ckessel Active Member

    Joined:
    Jan 15, 2011
    Messages:
    4,266
  13. AlMc

    AlMc 'Senior Moments' member

    Joined:
    Apr 23, 2013
    Messages:
    5,387
    Location:
    Delaware
    I have had no problem with download at home or at work......
     
  14. ckessel

    ckessel Active Member

    Joined:
    Jan 15, 2011
    Messages:
    4,266
    I checked back an hour later and it worked. Must have been something transient at the download site. Interesting slides, but nothing really new that I could see.
     
  15. AlMc

    AlMc 'Senior Moments' member

    Joined:
    Apr 23, 2013
    Messages:
    5,387
    Location:
    Delaware
    I agree for all of us who follow TM closely but it reaffirms TMs committment and I have shared it with friends/family who wonder why I am 'all in' :wink:
     
  16. Subhuman

    Subhuman Member

    Joined:
    Aug 1, 2013
    Messages:
    237
    Location:
    United States
    Thanks DaveT, for the post. I thought slide 32 (Service slide) was kind of interesting. It states "No schedule Maintence". I wonder if this has anything to do with Tesla's forthcoming service anouncement. I know Tesla has backed off on the 12,000 mile inspection requirement but they are still want it to be brought in once a year. Maybe Tesla is finding out that the inspections are really unnecessary and the car really only needs to be serviced when there is a specific issue.
     
  17. ckessel

    ckessel Active Member

    Joined:
    Jan 15, 2011
    Messages:
    4,266
    I think it'st just a reiteration that you aren't required to bring it in, not that Tesla thinks it wouldn't benefit from a yearly checkup.
     
  18. mulder1231

    mulder1231 Active Member

    Joined:
    Jan 1, 2012
    Messages:
    1,041
    Location:
    Menlo Park, CA
    Was thinking the same thing. Plus regretting my prepaid 4Y service $1600 contract, should have put that money in shares instead, last year.
     
  19. MikeC

    MikeC Active Member

    Joined:
    Jul 9, 2012
    Messages:
    2,410
    Location:
    Los Angeles
    Yep, I regret prepaying, too. I'm almost at 1 year and over 24k miles - I don't even really feel a need to bring it in, other than the fact that I already prepaid for it.
     
  20. TSLA Siempre

    TSLA Siempre Member

    Joined:
    Nov 7, 2013
    Messages:
    81
    Location:
    Chicago
    I'm not a professional investor, so I might be totally wrong here...my question is who is the target audience for something like this? are they pitching this to potential giga-factory partners or large investment banks who want to participate in a secondary offering for a giga-factory?
     

Share This Page