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Years ago hundreds of institutional investors sold AAPL and AMZN, then watch them go up 20 fold 50 fold. It really doesn't matter what those funds think or do.Only two data points so far but both indicate that institutions sold in Q3.
BANK OF MONTREAL sold 1.7mln shares
SUMWAY DEVELOPMENT LTD (china) sold 228K shares
Yes, you referred to batteries though, not solar panels. I think a lot of people don't understand that the economics of commercial load shifting are in front of the evolving (policy decreasing) economics of roof-top solar. As much as TSLA may be undervalued for what may explode as an ESS business, reading what you point do doesn't help make the SCTY deal attractive. Tesla's non-automotive battery business won't stall without SCTY.Just wanted to make sure people understand industrial scale power, so please re read above post...
I think this kind of extrapolation is misleading. The smart thing is to look into each case and find out what happened. Then think if that case will apply to future cases. Also think what could go wrong with the future cases.
The complexity of these products are dramatically different. As I view it, the model X is at least 100 times more difficult than batteries and solar products. If they can do model X, the rest will be relatively easy.
New energy storage and model 3 both rely on 2070 batteries. If they can start the battery production, there will be no show stoppers.
Years ago hundreds of institutional investors sold AAPL and AMZN, then watch them go up 20 fold 50 fold. It really doesn't matter what those funds think or do.
I pay attention to the large and smart investors. In this case pay attention to Fidelity and T Rowe price. Also watch Baron's funds.
Some institutions act as short term traders, they get wrong frequently. I basically ignore them, this camp includes GS and other banks.
Sure, however solar cost is coming down worldwide. If paired with battery to time shift peak demand, can be useful for industry and home installation. Basically shift cost of user to capital expense vs. daily/monthly utility payment.Yes, you referred to batteries though, not solar panels. I think a lot of people don't understand that the economics of commercial load shifting are in front of the evolving (policy decreasing) economics of roof-top solar. As much as TSLA may be undervalued for what may explode as an ESS business, reading what you point do doesn't help make the SCTY deal attractive. Tesla's non-automotive battery business won't stall without SCTY.
Much less of an impact on earnings than if they had sold 500-1000 fewer inventory cars because they did not offer those discounts.2 % in average over all cars. This is roughly equivalent to 0,02 75.000 $/car*15.800 cars = 23,7 million dollar (!) this is roughly equal to the net GAAP earnings Tesla did achieve this quarter.
@larmor didn't say anything except to quote my earlier post explaining about demand charges to large users of electricity, so I assume your response is directed at me.Yes, you referred to batteries though, not solar panels. I think a lot of people don't understand that the economics of commercial load shifting are in front of the evolving (policy decreasing) economics of roof-top solar. As much as TSLA may be undervalued for what may explode as an ESS business, reading what you point do doesn't help make the SCTY deal attractive. Tesla's non-automotive battery business won't stall without SCTY.
What happened in Q3 was that to move the pre AP 2.0 cars that additional incentive was set at $7000 or $7500, can't remember which. And it was applied to all inventory cars, not just ones with demo miles. That was what all the forum discussion was about, and what the shorts latched onto.
@larmor didn't say anything except to quote my earlier post explaining about demand charges to large users of electricity, so I assume your response is directed at me.
I wasn't using this as an argument to why the SCTY deal is attractive, but merely that PowerPack has a huge application for doing this if its priced right that many don't know about.
The SCTY deal is good for SCTY for obvious reasons (they're headed down the tubes without it), but its good for TSLA in much less obvious ways that I'm hoping Elon does a good job explaining between tonight and Tuesday. It has the ability to provide TSLA with access to capital that neither dilutes shareholder equity nor increases corporate debt in the near term (which, coincidentally is probably the most important timeframe TSLA has ever had in its history in terms of needing reliable access to capital), if TSLA plays the cards correctly.
The future cash flows that SCTY owns from the PPAs will be peanuts to TSLA in a few years once Model 3 and Y and more start shipping in volume, but they're worth hundreds of millions (maybe even billions) of dollars. Selling off the rights to those cashflows today will provide a big cash infusion right now, when it counts.
Now you get it, but he still got you,again....unless you just want to bait arguments with people explaining why you aren't correct for the 95th time this thread?
Discounted: When Tesla generates additional cash flow, by upselling "60" customers, into more heavily optioned 75's, for more money.
It was only the 75's, that were discounted $7,500. Then, there's always a few P90Ds dropping more. It wasn't "all inventory cars". I watched inventory, almost hourly, before buying a 75 last quarter. Saw TSLA suggest the discounted cars. Saw the CPO Consolidator add, and then drop ~400 across ~1 week, saw at least one other aggregation site, and no place were Model 60's taken down beyond age/mileage. I went long, by 10X Tuesday, because I believed this would be good, not bad, for margin. Who wants to pay $8,500 for some extra range charge miles? Folks figured out the "60" had 75kwh in greater numbers than those who were probably paying that slug of cash, for little more than the badge. So, the "discount" strategy was a coupe' for additional cash flow, and unit sales. Well played, and subsequently proven.
from this I consider Q3 a negative ER... and unless tomorrow is substantial... expect a very strong test of $200 and the multi-year upward trend line.