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MarbleSoda
Member
Jaredspink
Member
Feeling this, checking less and less, burnt out. Day 71 coming to an end.Still at 7-10 weeks EDD. Need to take a brake from the cycle on checking here, reddit, and YouTube for everything Tesla. Just feeling the angst of not getting my car before I start my new job at the end of June
Jaredspink
Member
Also, food for thought, if they sold out of Q2 production by the 1st or 2nd week of May, why would anyone that ordered after that get their car before people that ordered before production sold out???? Full on believe now that they are filling orders that paid more for the same car due to the price increases.
TheEmanuel
Member
I see your guys’ point but in the end, isn’t it about the amount of cars sold and not the profit? Or both ? I thought that for earnings calls they care about units sold
Jaredspink
Member
$$$$$ trumps everything. You can’t take units to the bank, but you can take dollars to the bank. $$$$.
Gimmethecash
Member
Units sold is a great indication of demand and production, but profit is what pays the executive bonuses.
Jaredspink
Member
And if for some reason, they need more of a cash infusion for the books because of overhead from delays in their construction projects or whatever, makes since they would focus on the orders that are going to allow them a higher profit. Doesn’t mean it’s right from a customer service aspect.
I very much understand everyone’s frustration, but this argument just doesn’t make sense objectively.
In Q4 2020, Tesla’s revenue from auto sales was around $9B. If we assume that they increase Q2 output by around 10% from the previous quarter, they will deliver 200,000 cars this quarter. Even if they “prioritized” 25% of those with cars that were $3,000 more expensive, it would only move their adjusted revenue for the quarter by about 1% or less… it’s just not a big enough incentive financially.
Jaredspink
Member
My take away from this response: I very much understand that you all are a bunch of whiny babies! Let me school you on why you’re completely wrong about your assumptions, you’re probably wrong about everything in life, but I’ll be nice and just point out why you’re wrong here
oh and it would move their adjust revenue to slight less than 1.75%, 150 million ($149,800,000) extra is still a lot of dough for a quarter. But I’m sure I’ll be corrected if I’m wrong.
You make a valid point though, but it doesn’t seem to line up with their current actions. If they sold out of Q2 production by the 1st or 2nd week of May, why would anyone that ordered after that get their car before people that ordered before production sold out???? I know there may be a few exceptions based on unforeseen circumstances where some that ordered later would get their car, but that doesn’t seem to be the case. A lot of people seem to be getting their orders even after ordering after the sell out while others that ordered before haven’t got their car. I’m not talking East Coast vs. West Coast. There have been plenty of examples of people in the same area ordering and the later order getting the car first.
At the end of the day, it’s Tesla and none of us have a clue why they do what they do, especially since most of the employees don’t seem to have a clue either.
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Well, sarcasm aside, I do agree that the best any of us will do is guess lolMy take away from this response: I very much understand that you all are a bunch of whiny babies! Let me school you on why you’re completely wrong about your assumptions, you’re probably wrong about everything in life, but I’ll be nice and just point out why you’re wrong here
oh and it would move their adjust revenue to slight less than 1.75%, 150 million ($149,800,000) extra is still a lot of dough for a quarter. But I’m sure I’ll be corrected if I’m wrong.
You make a valid point though, but it doesn’t seem to line up with their current actions. If they sold out of Q2 production by the 1st or 2nd week of May, why would anyone that ordered after that get their car before people that ordered before production sold out???? I know there may be a few exceptions based on unforeseen circumstances where some that ordered later would get their car, but that doesn’t seem to be the case. A lot of people seem to be getting their orders even after ordering after the sell out while others that ordered before haven’t got their car. I’m not talking East Coast vs. West Coast. There have been plenty of examples of people in the same area ordering and the later order getting the car first.
At the end of the day, it’s Tesla and none of us have a clue why they do what they do, especially since most of the employees don’t seem to have a clue either.
$150M is a great deal to me and I’d screw over a bunch of customers for it lol, but in the context of $9B it’s a Big Mac and fries.
As for the late may orders, it doesn’t explain everything, but batch production and cancelled orders does help explain some of it. If I place my order on Tuesday and they just happen to be making that exact config and shipping cars to my area on Friday, it incrementally costs nothing to include that order as well and add one to the delivered column. Similarly, if a car is already in Florida and gets canceled and I have to choose between delivering it to a Georgia order placed 2 weeks ago or a California order placed two months ago, I’m giving it to Georgia.
All that being said, I’m a March order and don’t take delivery until next weekend… so when I say I feel your pain… I feel your pain
I don't know the numbers or anything but I have heard that Tesla has been losing money on auto sales and instead makes money on credits. Lets say for instance they break even or even simply make 100 dollars per car at a specific price they would makes 100xcars sold right? simple, but if they charged 3,000 more per unit they would increase PROFITS by 30x? IDK like i said I don't know the numbers but I think there would be much to be said for Tesla actually pulling meaningful profit from Auto sales instead of relying on credits, at least in the eyes of investors. Considering the state of potential incentives and the increase of EV production from future competitors.
The question of profit is complicated greatly by the energy credits for sure, that’s why I went with revenue numbers instead of profits.
Ok actually, maybe the credits don’t play as big a part as I originally thought…
Jaredspink
Member
Their you go again being all logical. Schooled again and robbed of all my fun coming here to whine and complain that I don’t have a new Model 3 in my driveway.Well, sarcasm aside, I do agree that the best any of us will do is guess lol
$150M is a great deal to me and I’d screw over a bunch of customers for it lol, but in the context of $9B it’s a Big Mac and fries.
As for the late may orders, it doesn’t explain everything, but batch production and cancelled orders does help explain some of it. If I place my order on Tuesday and they just happen to be making that exact config and shipping cars to my area on Friday, it incrementally costs nothing to include that order as well and add one to the delivered column. Similarly, if a car is already in Florida and gets canceled and I have to choose between delivering it to a Georgia order placed 2 weeks ago or a California order placed two months ago, I’m giving it to Georgia.
All that being said, I’m a March order and don’t take delivery until next weekend… so when I say I feel your pain… I feel your pain
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I called up the Fremont site a couple of weeks ago and talked to one of the guys that's been lauded on here for answering a lot of questions. I'm taking what Gabriel from Fremont said with a grain of salt, but for what it's worth, he didn't seem to be talking out of his arse. He had told me that from what he could see, my car is set to be manufactured on 6/19. Could be pushed up or pushed back a couple of days depending on how production is going. Assuming that's true, then I should be getting my VIN next Saturday. He also said that it'll take 48 hours or so to get the car down here from Fremont, so that's cool.
I just hope that I can get it by the 26th in the morning at the latest. I have a tint appointment scheduled for the 26th in the afternoon and PPF/ceramic coating appointment scheduled on the 29th. If I can make both of those appointments, then all will be good.
This is technically correct, but it might be a bit misleading, granted I am NOT savvy with money maths ><. The Complete Toolbox for Investors | finbox.com q1 2021 they made profits of 438 million. 518 Million of that profit was from EV credits. Tesla also invested into Bitcoin which I think doubled? in the last 2 quarters before a sharp drop off during this quarter (this would explain them squeezing every penny I guess) I think i remember the bitcoin investment was 1.5 billion? I don't know if it even contributes to the bottom line on these things though.
Tesla's $293 Million of Free Cash Flow in Q1 Was an Incredible Year-Over-Year Improvement | The Motley Fool
Sale of regulatory credits and Bitcoin garnered attention, but let's talk about factory development and scale.
www.fool.com
edit for the 518 million dollar number
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