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Social Chat - Short Term TSLA Movements

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Report is up:

Was the non-GAAP whisper number $0.04 EPS? If so, they blew it out

• Tesla and Panasonic announce Gigafactory agreement

• Site preparation started in June for a potential Gigafactory location

• Record Q2 Model S deliveries of 7,579 vehicles

• Record Q2 Model S production of 8,763 vehicles

• Net income of $16M and $0.11 EPS (non-GAAP), loss of $62M and $(0.50) EPS (GAAP)

• New Model S/Model X assembly line planned to begin operation next week

• On track for more than 35,000 deliveries in 2014
 
Now that I see the numbers, I have to say that this is the first ER for me where EPS didn't matter. Tesla could have posted a marginal non-GAAP loss and I still would have been impressed based on (per shareholder letter):


  • Tesla and Panasonic announce Gigafactory agreement
  • Site preparation started in June for a potential Gigafactory location
  • Record Q2 Model S deliveries of 7,579 vehicles
  • Record Q2 Model S production of 8,763 vehicles
  • Net income of $16M and $0.11 EPS (non-GAAP), loss of $62M and $(0.50) EPS (GAAP)
  • New Model S/Model X assembly line planned to begin operation next week
  • On track for more than 35,000 deliveries in 2014