Q3 2015 Report & Conference Call

[Johan]

No mention of being cash flow positive Q116

Don't be a Debbie Downer

Now, seriously I think this question will definitely be asked on the call. Elon being slightly above average intelligence has likely learnt from past mistakes and will repeat his "a win should feel like a win" statement by saying "we'll announce being cash flow positive once we're cash flow positive" (likely during 2016).

 

[jhm]

No mention of being cash flow positive Q116

Right, but they did explain that they were quite close in Q3. CF positive may depend on how close to 19k deliveries they can get. I hope this gets asked.

 

[RobStark]

http://files.shareholder.com/downlo...E16-DE1FAC0BABDF/Q3_15_Shareholder_Letter.pdf

"Looking ahead, we still remain highly confident of average production and deliveries of 1,600 to 1,800 vehicles per week for Model S and Model X combined during 2016."

That is 2016 guidance of 80k-90k.

I hope this is using the new "a win should feel like a win" math.

Not the old "we tried to deliver 10% of quarterly production between Dec 25- Dec 31, but customers were out " math.

 

[ecarfan]

Q3 2015 Report & Conference Call

Anyone have a link to the call?

Sorry found it at http://edge.media-server.com/m/p/8a8sg5vu

 

[RobStark]

Anyone have a link to the call?

http://ir.teslamotors.com/eventdetail.cfm?EventID=166133

 

[sub]

They pull back from the cash flow positive guidance due to Model X ramp pace unknowns and the pulling forward of gigafactory production.

 

[eloder]

I wouldn't be worried about cash flow positive. If it was coming, it would have been very temporary just like after the MS launch. If the pieces fall into place too slowly on the Model X ramp, they'll likely be ramping up Gigafactory and/or Model 3 expenditures.

 

[Johan]

They pull back from the cash flow positive guidance due to Model X ramp pace unknowns and the pulling forward of gigafactory production.

... And which is really more important?!?

1. To be cash flow positive in Q1 2016 rather than say Q3 or Q4

Or

2. Aggressive investment and future growth with earlier-than expected GF deployment and hence less bottlenecking for Model 3 production

I'll take option 2 over 1 any day. Tesla is not a mature business meant to pay dividends, for God's sake.

 

[Lessmog]

Don't be a Debbie Downer

Now, seriously I think this question will definitely be asked on the call. Elon being slightly above average intelligence has likely learnt from past mistakes and will repeat his "a win should feel like a win" statement by saying "we'll announce being cash flow positive once we're cash flow positive" (likely during 2016).

Wow. So, are you implying the guy has three-figure IQ? Wow. :tongue:

 

[ecarfan]

Call has started

 

[hobbes]

Elon announces new CFO coming in from Google, Jason Wheeler (sorry if spelling is wrong, this is just from listening and didn´t know the guy before).

 

[Johan]

... And Jerome is out for good, I assume, as someone new is hired in his position.

 

[hobbes]

... And Jerome is out for good, I assume, as someone new is hired in his position.

Too bad. Gonna miss him. Guess life will go one though.

- - - Updated - - -

Elon: Aspiration of being cash flow positive in Q1 (no promise).

 

[anon]

Here we go with the Uber question again...

 

[ecarfan]

Q3 2015 Report & Conference Call

Elon: "The Autopilot safety features are by default on in all vehicles" and then he refers to the "Autopilot convenience feature" like Autosteer, etc.
So I am going to have to adjust my terminology. To me the Automatic Emergency Braking (AEB) feature has not been part of Autopilot because it is present in all cars (not an option like AP) since late Sep 2014, but clearly to Elon AEB is part of AP. So be it.

 

[hobbes]

Here we go with the Uber question again...

"There are right times to make announcements and now is not one." :biggrin:

 

[ecarfan]

Elon: "we will be putting some additional constraints on using Autopilot" to reduce inappropriate use.
Good.

 

[anon]

Elon: "we will be putting some additional constraints on using Autopilot" to reduce inappropriate use.
Good.

wk057 won't be pleased!

 

[The Blue Owl]

wk057 won't be pleased!

I wish someone asked Elon about the possible European partner for the Supercharger network.

 

[hobbes]

Elon: "Several hundred Model X per week next month."

- - - Updated - - -

Elon: "Likely that we will be in 1600-1800 range in Q1, probably lower end in the beginning, exceed it towards end of next year."

Using that with a linear ramp would go to 85,000 cars...

- - - Updated - - -

Here´s another live blog of the Q&A:

Tesla stock pops after earnings, Elon Musk expected to discuss Model X: Live blog - The Tell - MarketWatch