Quesder
Member
Ok, I am tempted by you. I am in, but not too much, because I am still worrying that the merger may not go through.That is how I am reading it...so buying more SCTY
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Ok, I am tempted by you. I am in, but not too much, because I am still worrying that the merger may not go through.That is how I am reading it...so buying more SCTY
I understand your point of view and don't wish to argue, especially since I am also long tesla. Plus what's done is done...
I guess the big question for me is how tough will it be for tesla to
access the capital it needs in this environment. If it can get another billion or 2 soon, great things are possible. not sure how easy that will be...
Ok, I am tempted by you. I am in, but not too much, because I am still worrying that the merger may not go through.
For anyone who wants to play the arbitrage game : good luck but be prepared for SCTY filing for bankruptcy the day of the vote if there is a negative outcome.
Elon is self destructing like in his biography ........
Thank you! What do you think are the minimum delivery numbers for both non-GAAP and GAAP break even assuming direct leases at 15% in Q3?Cuidado. Cars leased directly by Tesla do not contribute very much to a given quarter's revenue or gross profits, and are treated the same under GAAP and non-GAAP.
" Leasing through both our captive financing entities and our leasing partner exposes us to residual value risk and will adversely impact our near-term operating results by requiring the deferral of revenues and costs into future periods under lease accounting. In addition, for leases offered directly from our captive financing entities (but not for those offered through our bank partner), we only receive a limited portion of cash for the vehicle price at delivery and will assume customer credit risk." [Directly leased cars are eligible for ABL draws.]Revenue and GM associated with leases through bank leasing partners are adjusted in non-GAAP, but not Tesla direct leases
"We offer a leasing program in the United States, Canada, the UK and Germany. Qualifying customers are permitted to lease a vehicle directly from Tesla for 36 or 48 months. We account for these leasing transactions as operating leases and recognize leasing revenues over the contractual term and record the depreciation of these vehicles to cost of automotive revenues. As of June 30, 2016 and December 31, 2015, we had deferred $42.1 million and $25.8 million of lease-related upfront payments which will be recognized on a straight-line basis over the contractual term of the individual leases. Lease revenues are recorded in automotive revenue and were $23.9 million and $40.6 million for the three and six months ended June 30, 2016.' [Tesla began the direct leases in the 2nd quarter of 2014 and had 6,180 cars under direct leases at June 30, 2016.]
Tesla guided direct leases would increase from 8% in Q2 to 15% in Q3. Also, InsideEVS partly attributed the August results to: " Adding to the demand profile for the Model S earlier this quarter was the start of 60 kWh cars. For August, it was a 24 month lease deal on the 60 kWh model ($593 month w/$7,425 down)..."
Thought he did recuse himself from both?
From Tesla's S-4 said:On July 30, 2016, after careful consideration, the Tesla board of directors (the “Tesla Board”), with Messrs. Elon Musk and Antonio Gracias recusing themselves, approved the Merger Agreement and the issuance of shares of Tesla Common Stock to SolarCity stockholders in connection with the Merger (the “Tesla Share Issuance”) and determined that the Merger Agreement and the transactions contemplated thereby, including the Merger and the Tesla Share Issuance, are fair to, advisable and in the best interests of Tesla and its stockholders. The Tesla Board accordingly recommends that the Tesla stockholders vote “FOR” each of the Tesla Merger and Share Issuance Proposal and the Tesla Adjournment Proposal.
From Tesla's S-4 said:After careful consideration, the Special Committee (the “Special Committee”) of the SolarCity board of directors (the “SolarCity Board”) unanimously determined that the Merger Agreement and the Merger are fair to, advisable and in the best interests of the SolarCity stockholders. On July 29, 2016, at a duly convened meeting of the SolarCity Board to consider the unanimous recommendation of the Special Committee, the SolarCity Board approved the Merger Agreement and determined that the Merger Agreement and the transactions contemplated thereby, including the Merger, are fair to, advisable and in the best interests of SolarCity and its stockholders. The SolarCity Board accordingly recommends that the SolarCity stockholders vote “FOR” each of the SolarCity Merger Proposal and the SolarCity Adjournment Proposal.
Unfortunately, the three day weekend does not start tomorrow. Fortunately for me, that gives me an opportunity to trade some before it.RSI Alert: Tesla Motors Now Oversold
A three-day weekend is just what we need for:
* SpaceX to draw some preliminary conclusions and allow the launch failure to take reasonable perspective in light of the company's otherwise brilliant accomplishments
* Word to get into the broader media regarding the favorable InsideEV numbers for August and the increased likelihood of a good Q3
* Investors to digest the fact that Lazard made a math error and called Solar City's debt as being $400 million greater than it was
* Investors to understand that Tesla is now oversold.
If Tesla was an athletic team and I were the coach, I would definitely have called a time out by now. Fortunately, the 3-day weekend is the needed timeout for the emotions to dissipate and the facts to sink in.
from Elon Musk twitter: "Finishing Autopilot blog postponed to end of weekend"
L-/\\\\\\\\.\//.No buyers? Don't see any buyers at mid of the day.
Elon selfdestructing ??? OK, these are hectic and interesting times, but come one, this is not the SA forum with all the childish trollers that rule the comments there. Not to mention the even worse authors like MontanaS, Wahlman and Santos. What is next, accusing Elon to have set up a ponzi ? I hope we can keep such crazy talk away from this forum.
IMHO, If you disagree with Tesla speeding up bringing M3 in volume to the market, you should never have been a shareholder at any time. And if you did, you had plenty of time to sell after March 31st.
Out of curiosity. Are / were you a shareholder ?
Elon selfdestructing ??? OK, these are hectic and interesting times, but come on, this is not the SA forum with all the childish trollers that rule the comments there. Not to mention the even worse authors like MontanaS, Wahlman and Santos. What is next, accusing Elon to have set up a ponzi ? I hope we can keep such crazy talk away from this forum.
IMHO, If you disagree with Tesla speeding up bringing M3 in volume to the market, you should never have been a shareholder at any time. And if you did, you had plenty of time to sell after March 31st.
Out of curiosity. Are / were you a shareholder ?