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Tesla to be profitable in Q1, both GAAP and non-GAAP

Discussion in 'TSLA Investor Discussions' started by ohaq, Mar 31, 2013.

  1. ohaq

    ohaq Model S #P9,326

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  2. ohmslaw

    ohmslaw Member

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  3. Fr23shjive

    Fr23shjive Member

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    This is HUGE. Short squeeze to begin?
     
  4. jvonbokel

    jvonbokel John VonBokel

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  5. nygiants242

    nygiants242 Member

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    Elon Musk [email protected] 26m
    First profitable Q for Tesla thanks to awesome customers & hard work by a super dedicated team

    and

    Elon Musk [email protected] 17m
    To be clear, Tesla is in California, so it is not April Fool's yet! Also, some may differ, but imo the Tues news is arguably more important.
     
  6. teddyg

    teddyg Member

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    40 kWh version cencelled and Tesla beats Q1 production estimates!

    Man you guys are slow to post new news!
    http://seekingalpha.com/news-article/6093171-tesla-model-s-sales-exceed-target#comment_update_link

    Looks like 40 kWh version is cancelled. People who have already reserved the 40 kWh version will get a 60 kWh pack software limited to 40 kWh of range.
    Also Tesla beats Q1 production estimates by 250 vehicles...ups guidance to full profitability both non GAAP and GAAP.

    Big news! But is this the big announcement Elon was talking about? I don't think so...where is his money where his mouth is in a v major way?
    Methinks it is going to be a rough week for those short the stock!
     
  7. Norbert

    Norbert TSLA will win

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    Given this the end of the quarter, the Tesla press release surely knows what it is talking about.

    Congratulations to everyone who contributed !!!

    Full text of the press release: (Thought this is important enough for its own thread).

    - - - Updated - - -

    Tweet by Elon unconditionally states:

    Elon Musk [email protected]
    First profitable Q for Tesla thanks to awesome customers & hard work by a super dedicated team http://www.teslamotors.com/about/press/releases/tesla-model-s-sales-exceed-target …

    (9:51 PM - 31 Mar 13)
     
  8. thelastdeadmouse

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    Terrible news for me personally. I had to sell half my shares at $39 a few weeks ago to close on my house and was doing to buy them back once I got my tax return. I suspect the price won't be under $39 now. :tongue:
     
  9. keys

    keys Member

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    Woop woop :D. I hope it will break $40. I'm starting to feel really awesome that I got in at 29. I heard some of you buy in before or after hours. Does that mean I could buy some @38 right now?
     
  10. mnx

    mnx 2013 P85

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    It's already over 41$ in premarket trading...
     
  11. CapitalistOppressor

    CapitalistOppressor Active Member

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    Stock up big in overnight trading. Looking forward to seeing what happens during the trading day.
     
  12. blakegallagher

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    WOOT WOOT ... how awesome
     
  13. Norbert

    Norbert TSLA will win

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    Currently 11.82% up: at $42.37 ! (New Record high, of course).
     
  14. raymond

    raymond Member

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    I'm seeing $43.24 and have no idea how this is going to play out. New problem: when to sell?
     
  15. DJ Frustration

    DJ Frustration Model X Sig, Former Model S, Model 3 Res

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    Now up to $43.64 (15.18%)!
     
  16. ToddRLockwood

    ToddRLockwood Active Member

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    #16 ToddRLockwood, Apr 1, 2013
    Last edited: Apr 1, 2013
    Sell? This is only the beginning.

    -------

    Add to this Elon's potential zinger tomorrow, and we have the making of one of the greatest short squeezes of all time.
     
  17. K Hall

    K Hall Member

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    This could run way beyond fundementals depending on how well the shorts are hedged and how many get caught up in a "margin call". I cant believe anyone is selling this morning under $48 - 50. Premarket volume is 330 K. Current price is $43.78 + 5.89

    As always in these situations I only have 1/2 as many shares that I wanted to have. "should have bought more."
     
  18. Citizen-T

    Citizen-T Active Member

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    We are in uncharted territory now. Going to be really hard to tell what overbought is. I'm certainly not selling anything until we see what Elon is up to tomorrow.
     
  19. Yuri_G

    Yuri_G Member

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    I'm thinking whatever he announces tomorrow will have little affect compared to the profitability announcement.
     
  20. aznt1217

    aznt1217 Active Member

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    I'm with you. I thought this would be the announcement tomorrow but it seems like it'll be bigger.
     

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