Very interesting! I guess this means Elon will have a fully functioning production line to show off at the GGF reveal party...
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Consensus estimates for Q3 are
Revenue: 2.36B
Net Income: 65Mil
EPS: $0.39
All non-GAAP.
2200/week seems like pretty darn high. Break even appears closer to 24K/qrtr
If SCTY is merged, EPS will drop to 0 for the same Tesla deliveries/revenue. So Q3 positive EPS largely hinges on 1) deliveries 2) if merger completes by then or not.
Tesla Model S driver and 8-yr-old son survive 80mph rollover truck crash w/minor injuries [Images]
Great report on how safe the MS is. Question - Would they have had a better chance of not having the accident in the first place if they had had AP in operation?
Great report on how safe the MS is. Question - Would they have had a better chance of not having the accident in the first place if they had had AP in operation?
I reevaluated my own performance lately; I've basically been matching the S&P. But I've also been keeping huge wads in cash, which makes me a lot more comfortable than being fully invested in the stock market. So yeah, different outcomes may be by design...
The Schwab agreement is even more extreme. Schwab may close out a short position at *any time* by buying shares on the open market. Period! Now, if they actually did this without justification they would probably lose business, so in practice they'll do it under the same circumstances as E*TRADE does. But the short-sellers basically agree to be at the mercy of Schwab.
Gerasimental
Member
Rear suspension seems to have gone in those pictures *ducks*
At Schwab, it's quite common to have multiple accounts. Some people have a "margin account" and a "cash account" so that they could control which securities were margined. I think Ameritrade should be willing to allow you to open a *second* account which is a cash account while leaving the existing account as a margin account. If they won't let you have two accounts, I'd switch brokerages.
SunCatcher
Member
Doesn't get any more clear than this; driver must still pay attention when using AP. If they choose not to, they are being reckless.
Elon Musk on Tesla's Auto Pilot and Legal Liability
"We're going to be quite clear with customers, that the responsibility remains with the driver.We're not asserting that the car is capable of driving in the absence of driver oversight."
Interview with Bloomberg.
Elon Musk on Tesla's Auto Pilot and Legal Liability
"We're going to be quite clear with customers, that the responsibility remains with the driver.We're not asserting that the car is capable of driving in the absence of driver oversight."
Interview with Bloomberg.
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Some interesting events coming up. 19th Annual Congressional Renewable Energy and Energy Efficiency EXPO + Forum
Clean Energy Conference Roundup: July 2016
Clean Energy Conference Roundup: July 2016
SunCatcher
Member
Edit: "We're NOT asserting that the car is capable of driving in the absence of driver oversight."
Welcome to TMC. Thanks for posting that 2014 video. You still should have some time left to edit your original post.
I know this is the Tesla thread, but it seems relevant:
The IB fee rate to short SCTY is 211%. No, I did not mistype. Two hundred and eleven percent. 42k shares available.
The IB fee rate to short SCTY is 211%. No, I did not mistype. Two hundred and eleven percent. 42k shares available.
SunCatcher
Member
Thanks Curt. I would have done that (as I've seen others do), but cannot see how it's done (no "edit" button). Please enlighten.
Let's put that into perspective: $5,783 down the drain EVERY DAY for every $1 Million worth of shorted stock.
What rational investor could believe that's a reasonable risk / reward?
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Tesla retains the residual value risk:
"In the fourth quarter of 2014, we also began offering residual value guarantees in connection with automobile sales to certain bank leasing partners. As we have guaranteed the value of these vehicles and as the vehicles are leased to end-customers, we account for these transactions as interest bearing collateralized borrowings as required under ASC 840 - Leases . Under this program, cash is received for the full price of the vehicle and is recorded within resale value guarantee for the long-term portion and deferred revenue for the current portion. We accrete the deferred revenue amount to automotive revenue on a straight line basis over the guarantee period and accrue interest expense based on our borrowing rate. We capitalize vehicles under this program to operating lease vehicles on our Consolidated Balance Sheets and we record depreciation from these vehicles to cost of automotive revenues during the period the vehicle is under a lease arrangement. Cash received for these vehicles, net of revenue recognized during the period, is classified as collateralized lease borrowings within cash flows from financing activities in our Consolidated Statements of Cash Flows.
At the end of the lease term, we settle our liability in cash by either purchasing the vehicle from the leasing partner for the residual value guarantee amount, or paying a shortfall to the guarantee amount the leasing partner may realize on the sale of the vehicle. Any remaining balances within deferred revenue and resale value guarantee will be settled to automotive revenue. In cases where the bank retains ownership of the vehicle after the end of our guarantee period, we expense the net value of the leased vehicle to costs of automotive revenue . The maximum cash we could be required to pay under this program, should we decide to repurchase all vehicles is $ 498.7 million at March 31, 2016"
Unilke resale value guarantees, the residual value percentage guaranteed the banks has not been disclosed.
I dunno, but I hope one of the idiots chooses to short my meager SCTY holdings! Makes me feel like a loan shark. Gonna go buy a 3 piece pinstripe suit.
I believe as a new member you need to have like 6 posts before you can edit. Might be a different number but it's something like that
SunCatcher
Member
I guess that would explain it. Time to sign up for FaceBook.
Neandertal SunCatcher.
You're welcome. There should be the word "EDIT" preceded by a pencil avatar in the lower left of your post.
EDIT: I now see that Darren12 offers an explanation pertinent to a new member.
I'm sorry for the off-topic, but is this why I just got an email from the TradeKing offering me to lend my shares for both TSLA and SCTY? The numbers are quite good (~0.03% of my position PER DAY). Is there a risk associated with it? Is anyone here doing it with his shares?
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