FredTMC
Model S VIN #4925
So let's say Tesla pulls off GAAP profitability and cash flow positive-- Elon sure sounds pretty convincing, and has quite a bit on the line here. This would have to be pretty positive for share price, right? Profitable, with record setting deliveries. We could drift a little further down this month before serious buyers step in. The letter and the conference call pretty much lay it all out IMO.
In the Q2 call, it seemed like they were aiming for non-GAAP profitability for 2H16. In Elon's e-mail, he states GAAP profitability and cash flow positive are definitely within reach. Is there any chance Elon meant to write non-GAAP instead of GAAP profitable? The Q2 call where they said non-GAAP and e-mail where he said GAAP were less than a month apart I believe.
Does anyone have a wild guess as to how many inventory/loaners/showroom/etc cars could be offloaded in Q3 vs say Q2? I wonder how many of these cars they shed in Q4 last year.
Regarding the GAAP profitability statement in the email... IMO there's not a snowball's chance in hell that he meant non-GAAP. He is very careful with his wording. He definitely meant what he said: Full GAAP profitability is their goal.
Now will they hit it? F if I know... But it certainly seems like they are trying like hell and pretty damn close.