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Discussion in 'TSLA Investor Discussions' started by joefee, May 13, 2012.
"Q2 revenue will be up $10million" includes maybe 7M cars plus 3M revenue from other operations.
I think we need to be very careful about interpreting these numbers. Revenue recognition can get complex. It would not surprise me if Tesla is allowed to recognize the $10K non-refundable portion when the contract is signed.
Non-refundable deposits cannot be recognized as liabilities so are therefore classified as revenue. The revenue should be recognized in the period to which the transaction pertains; I would generally see that as the potential closing date of the MVPA, which would put most existing ones into Q3.
(Shouldn't this discussion be in one of the "Investor" threads?)
I think delivery is required to recognize revenue. Per page 107 of the 10-K, "We recognize revenue when: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred and there are no uncertainties regarding customer acceptance; (iii) fees are fixed and determinable; (iv) and collection is reasonably assured."
Below is a useful site to model TSLA (or any stock) ... I built one to get to $57 per share in 1 yr. Have fun!
Tesla Motors (NASDAQ:TSLA) stock analysis and investing -- Trefis
Trefis is fun...I just did a quick adjustment to their model and got to $225/share.
I’m projecting 220-240 before Q1 14