Hey, where did you get my pic from? I don't appreciated being doxxed.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Hey, where did you get my pic from? I don't appreciated being doxxed.
Ok, I agree. I expect lots of robotaxis when they happen. I don't expect huge profits. I am really not sure on the vehicle ownership, buying an old scion or corolla for $1-2k and paying gas and 50/month in insurance is going to be very hard to beat. Then you have public transportation to compete with in NYC, Chicago, etc. I just think transportation will prove a hard profit nut to crack.
Knightshade
Well-Known Member
How about it was literally the only reason given.
So somehow they BOTH:
Lost significant amounts of production during the quarter.
AND
almost doubled days of inventory during the quarter.
And there's still plenty of demand?
Does. Not. Compute.
If there was demand they'd have just delivered from inventory on those orders regardless of factory shutdowns.
The only exception is refresh-3s in the US, where Fremont fumbled yet another refresh so there were no cars being built at all for a while (and the earliest orders only began getting VINs in the last couple weeks).
But most estimates of lost deliveries on the US 3 are around 30k, which would still not even get you to Troys lower-than-anyone-else-but-the-cat estimates.
Everyone sell! sell sell sell!!!!!
Tesla only blame the bad numbers on production issues, so @Knightshade is right.
Or they may continue to misjudge the demand problem.
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How about the literal definition of partially means it's not the only reason.
Stretch2727
Engineer and Car Nut
I like your posts but I think you are off here. We've seen plenty of other examples of companies fumbling inventory and it seems that is the case. Something has to give at Tesla, profits, etc.
Now EMs frantic efforts to goose FSD software sales makes sense.
2daMoon
Mostly Harmless
It may not be for you, or me for that matter, I like to drive.
Though, for most, the basic economic equation will likely lean toward people preferring a private chauffeur-service over ownership. Particularly when the Robotaxi could save the user money, when all ownership costs (parking, time, hassle) are weighed.
Pretty much all persons living in an apartment or dense urban environment with challenging or costly parking hassles will jump at the chance to rid themselves of the headaches that come with car ownership.
Folks in the suburbs and rural areas are more likely to prefer ownership. Though anyone wanting to use their garage and driveway space for something other than parking their car while not in use (a significant portion of the time) might see some advantages to Robotaxi only, or, reducing their household from a two or more car family, to a single car + Robotaxi scenario.
Sound like one cool people who live in trendy downtown condos like Austin has. The problem is that is not the majority of the world, not even close.
At least Troy was closest to this bad P&D, and if people considered his analysis, short term, they could have profited.
FYI
"Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q1 2024 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
What: Date of Tesla Q1 2024 Financial Results and Q&A Webcast
When: Tuesday, April 23, 2024
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q1 2024 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)"
Plus this tidbit: (Bolding is mine)
" Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Tesla vehicle deliveries and storage deployments represent only two measures of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on March 31, 2024."
"Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q1 2024 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
What: Date of Tesla Q1 2024 Financial Results and Q&A Webcast
When: Tuesday, April 23, 2024
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q1 2024 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)"
Plus this tidbit: (Bolding is mine)
" Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Tesla vehicle deliveries and storage deployments represent only two measures of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on March 31, 2024."
Sorry, not buying that wishful story either. My wife is a teacher in an urban High School. The kids may not have money but they aspire to own a car, and yes, some of them aspire to own a Tesla.
I'm not a fan of his work (and also recently discovered he blocked me on X), but I believe his 409k - even if off by more than 5% - was closest to the real number.
Yes, I agree and I'll keep that prediction. Waymo makes a billion in profit from robotaxi before Tesla. We can laugh at me later if this blows up on me. I don't equivocate, it is a prediction but not wishy washy.
How about they make a billion in revenue first ?
Stuart Little: “Every cloud has a silver lining”.
The silver lining is that there should be enough inventory now to really finally end the delivery wave.
The EU countries that already reported showed again that the March deliveries were far above the Jan and Feb deliveries, so this quarter still had a EOQ delivery wave.
The silver lining is that there should be enough inventory now to really finally end the delivery wave.
The EU countries that already reported showed again that the March deliveries were far above the Jan and Feb deliveries, so this quarter still had a EOQ delivery wave.
Many people are conservative but convenience and costs matter more, I think. How many people actually buy their own CDs/DVDs today vs just streaming? I remember a lot of skepticism in the beginning, when many stated that they would prefer to own their music and films.
My one saving grace right now is beating BYD as it seems the price war is being won
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