smorgasbord
Active Member
What is the current Euro delivery plan/estimates? How do think Tesla will pitch the 500 Euro cars in the conference call?
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Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
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What is the current Euro delivery plan/estimates? How do think Tesla will pitch the 500 Euro cars in the conference call?
Which 9650?
"As a result, we delivered approximately 2,400 Model S vehicles during the quarter and about 2,650 for the year. " (Q4 2012 Shareholder letter)
http://files.shareholder.com/downlo...-9c9e-16a8dda99a19/Q4'12 SHL 022013 final.pdf
"We recognized 4,900 vehicles as revenue, exceeding our initial Q1 guidance of 4,500, despite physically delivering a higher number of vehicles, as the standard for revenue recognition was extremely high. " (Q1 2013 Shareholder letter)
http://files.shareholder.com/downlo...471-9319fd963626/Q1 13 Shareholder Letter.pdf
Sum: 7,550 cars delivered before Q2. Only that VINs are not (strictly) sequential anymore. Anything more than 6000 cars delivered will be a blowout, positive EPS or not.
This is from their Q1 shareholder letter -
Outlook
While we expect to build about 5,000 Model S vehicles in Q2, some cars will be in transit to Europe for start of
deliveries in Q3. As a result, we expect to deliver slightly over 4,500 vehicles during Q2, all in North America. For
the full year of 2013, we expect to exceed our prior target of 20,000 worldwide deliveries and feel comfortable
raising guidance to about 21,000 deliveries.
I do not have the link or any other proof than my unreliable memory, but some people were claiming having inside info (Tesla employees) that production for Europe has been pushed to July (all that on Tesla's own forums). That would be another stealth effort to "make the quarter", something that should not become a habit for Tesla, but which may serve well in the short term when it's still stormy out there.
Oops you are right! At the end of Q2 it's 7550, I got the 9650 number from wikipedia but that's up to April so for the quarter, that's about 7200 cars, ~ 500 going to Europe and 6700 US. Perhaps a bunch of them (700?) are being produced as loaners or more are going to Europe, hybridcars.com is saying that Tesla is selling about 2000 cars a month -
http://www.hybridcars.com/may-2013-dashboard/
http://www.hybridcars.com/april-2013-dashboard/
http://www.hybridcars.com/march-2013-dashboard/
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smorgasbord
Active Member
What is the current Euro delivery plan/estimates? How do think Tesla will pitch the 500 Euro cars in the conference call?
Generally confusing in short term. Nobody knows whether the 500 have been produced or not - evidence and Tesla statements pointing to both "yes" and "no". Longer term I think it is clear that a major EU production effort will take place in H2. A Norwegian who just placed his order stated that ETD of his car is December. I have lost track of EU orders, but I think that it is reasonable to assume there are more than 5k orders waiting already. In Norway alone we passed 1500 signed orders recently.
marvinat0rz
Member
Can't wait to see Teslas on the road in Norway. In Bergen there are Leafs everywhere I go, will be interesting to see whether Tesla will have the same penetration.
Bardlebee
Member
Yuri_G
Member
No, some people were speculating it may happen, but other than that there was no announcement.
Pure speculation is all I have seen. I would not be surprised to see a tweet on it. However I have seen no indication, statements, or even hints from Tesla that it would be announcing sales numbers.
As an aside, while loaners and marketing cars have not been included in sales numbers, these cars are being sold at some rate. Should be interesting if those cars add another 50-100 to the sales numbers for the quarter.
ShortSlaver
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Gtoffo
Member
Todd Burch
14-Year Member
And BOOM! go the shorts... (if not now, after quarterly results are announced).
I really don't think Elon would take a week vacation unless Tesla were profiting in Q2. He's a workaholic. To take time off he must be really comfortable.
I really don't think Elon would take a week vacation unless Tesla were profiting in Q2. He's a workaholic. To take time off he must be really comfortable.
ShortSlaver
Member
I sold some covered calls last week - might be reconsidering that position. I think we're going to pullback some here but it's really, really strong right now. Might just ride it out and see if I end up eating some here.
Citizen-T
Active Member
Has anyone seen any indication that EU cars have been built. The forums are getting to active, I can't track everything of interest.
Mycroft
Life happens
None. I think they delayed EU production to July. That's why some are thinking they may generate a second straight profitable quarter. Sandbagging.
Citizen-T
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