FredTMC
Model S VIN #4925
Eleven Model X outside San Diego service this morning.
Ummm. Wow. Nice. Thx for posting. These MX deliveries seem to be really picking up
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Eleven Model X outside San Diego service this morning.
It goes down gradually? At what rate and timeline?
I hope Julian comes off his banishment before the M3 unveiling. Looking forward to discussing how this is going to play out. Already expecting the reservation numbers from the morning of the 31st to make an appearance in the unveiling event. I think it would be hilarious if Elon started by mentioning the fact that they now have 54,000 (or whatever) reservations for the Model 3... And by the way, here is the car!
Strangely, the reps at our local store are somehow convinced there will only be pictures of the M3. I let them know how ridiculous that is. We now have a standing bet. I am also working with the Mall staff to figure out the camping situation.
An early Tesla Model 3 reservation could determine if you get the $7,500 US tax credit or not
The US Law states that after 200,000 is reached, customers will receive $3,750 for the following 6 months with no apparent limit on units. The following 6 months after that, only $1,875 will be awarded to car buyers. That means that for most of 2019 Tesla buyers won’t likely have much federal incentive to buy cars. By 2020, the Federal Subsidy will have run out.
This is ridiculous and reveals how you have no idea what you are talking about.
I hope Julian comes off his banishment before the M3 unveiling. Looking forward to discussing how this is going to play out. Already expecting the reservation numbers from the morning of the 31st to make an appearance in the unveiling event. I think it would be hilarious if Elon started by mentioning the fact that they now have 54,000 (or whatever) reservations for the Model 3... And by the way, here is the car!
Strangely, the reps at our local store are somehow convinced there will only be pictures of the M3. I let them know how ridiculous that is. We now have a standing bet. I am also working with the Mall staff to figure out the camping situation.
Jesselives.. too. They sounded more and more like my children...I have been out for a week or so. But Julian is banned again? Why??
Sounds to me like it will only be pictures.How is the bold underlined sentence contradicts with showing the car and pictures on Mar 31?
You are almost definitely wrong with near 100% certainty. You are making the same misinterpretation that many articles did right after that too. Elon does prototypes, not pictures.Sounds to me like it will only be pictures.
"There is not another stock, with revenue growing at 50% per year, that trades at just over 3x this year’s revenue (For comparison, Home Depot trades at 2x revenue: McDonald’s trades at over 4x revenue). It is true that if TSLA is just another auto manufacturer, then the stock is overpriced. But if TSLA is anything other than that…if it is something different, something that we’ve never encountered…..then the stock is potentially wildly underpriced."
This is ridiculous and reveals how you have no idea what you are talking about. Tesla is just another auto manufacturer, but worse, burning cash and lacks scale. MCD is a world class franchisor with 28.8% EBIT margins. They are spending 7% of sales on cap-ex. Tesla is spending 40%+ with no end in sight. TSLA enterprise value to sales is 8.2x. GM's is 0.59x with a 0.39x 5-year average. This should be your trading comp. Using McDonald's or Home Depot is beyond laughable and has zero basis in reality.
"There is not another stock, with revenue growing at 50% per year, that trades at just over 3x this year’s revenue (For comparison, Home Depot trades at 2x revenue: McDonald’s trades at over 4x revenue). It is true that if TSLA is just another auto manufacturer, then the stock is overpriced. But if TSLA is anything other than that…if it is something different, something that we’ve never encountered…..then the stock is potentially wildly underpriced."
This is ridiculous and reveals how you have no idea what you are talking about. Tesla is just another auto manufacturer, but worse, burning cash and lacks scale. MCD is a world class franchisor with 28.8% EBIT margins. They are spending 7% of sales on cap-ex. Tesla is spending 40%+ with no end in sight. TSLA enterprise value to sales is 8.2x. GM's is 0.59x with a 0.39x 5-year average. This should be your trading comp. Using McDonald's or Home Depot is beyond laughable and has zero basis in reality.
"There is not another stock, with revenue growing at 50% per year, that trades at just over 3x this year’s revenue (For comparison, Home Depot trades at 2x revenue: McDonald’s trades at over 4x revenue). It is true that if TSLA is just another auto manufacturer, then the stock is overpriced. But if TSLA is anything other than that…if it is something different, something that we’ve never encountered…..then the stock is potentially wildly underpriced."
This is ridiculous and reveals how you have no idea what you are talking about. Tesla is just another auto manufacturer, but worse, burning cash and lacks scale. MCD is a world class franchisor with 28.8% EBIT margins. They are spending 7% of sales on cap-ex. Tesla is spending 40%+ with no end in sight. TSLA enterprise value to sales is 8.2x. GM's is 0.59x with a 0.39x 5-year average. This should be your trading comp. Using McDonald's or Home Depot is beyond laughable and has zero basis in reality.
Sounds to me like it will only be pictures.
You are almost definitely wrong with near 100% certainty. You are making the same misinterpretation that many articles did right after that too. Elon does prototypes, not pictures.
You are new here, so welcome, but I would be careful coming in guns firing like this with likely incorrect information (and a strongly incorrect understanding of Tesla the company and their financials). Just a warning, people may start to consider you a fud spewing bear/shill and quickly ignore your posts if you aren't more measured.
For the record, of course the percentage of Tesla sales spending to revenue is much higher than an established car company, their revenue will be much much higher, and if course they sell through dealers and don't spend on their own for sales like Tesla must.
Your (overly aggressive) argument above about the stock is deeply flawed. Hell, Tesla lacking scale is exactly why they shouldn't be valued the same as a grown up car company with little room to grow. Your statement on cash burn is equally misleading as plenty here will be happy to explain if you are here to learn about how the business is run.
Bubbles are mass psychology phenomena and this one is no different. They will not hit an inflection point where cap-ex scales down. That's the nature of the fast moving auto business.