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Symbol AXPWYou seem to be confusing A123 with Axion
Tesla is expected to release second-quarter deliveries and production numbers a couple of days after the end of the quarter. Analysts polled by FactSet expect the company to have delivered 92,000 vehicles, of which 75,000 are Model 3s and slightly more than 8,000 each of Model S and Model X.
Didn't they say the same thing about Q3 2018.....? LOL
Model 3 was supposed to do that. Everybody and his uncle were sure that after Model 3 production was on mass market mode, It would be triumph of victory for Tesla. I personally believed it.My hope is that Tesla can ride out the storm until the Y goes into production. I really think any discussion of demand and profit ends when the Y comes out. That's the car people are buying these days. I also think that's when it's lights out for the shorts. I also think that's why they are giving EVERYTHING they have at sabotaging Tesla so Tesla doesn't make it to that point. When it becomes inevitable that the Y will go into production, I think the shorts will give up and you will then see the short burn of the century - at least for those who don't bail out early on.
The problem is, the analysts got burned by the Q4 demand pull back since the $7500 tax rebate was being reduced to half. The huge quarter set the expectations for future quarters and then a lot of doubt crept in after Q1 was announced. Tesla intensely pushed the tax rebate ending as a demand lever and pulled a ton of demand from 19Q1 into 18Q4. That result was a horrendous Q1. Now, we have a similar thing going on. Not only is the rebate being halved again, but Tesla is giving free lifetime supercharging on inventory X and S models. So, right now, in reality, it's difficult to know what a normal quarter's demand look like. What will it look like in 2020 with no incentives at all? What demand levers does Tesla have left?
Add into this the fact that last year, Musk was saying that Tesla would be profitable going forward. He said that for a company to be sustainable they had to be able to make a profit. After 2 quarters of profits, suddenly the analysts are hit with a near record-loss quarter of $700 million. And Musk's tune changed from "profitable all quarters going forward" to "it's hard to make a profit when you''re trying to grow like this" [I'm paraphrasing BTW]. But, didn't he know in 2018 that Tesla would still be in growth mode in the last 2 quarters of 2019? Why the shift from "profitable all quarters going forward" to "it's hard to be profitable while growing"? Did he fib, or did he not really understand where the company would be in 9 to 12 months?
And I know I'm going to get a ton of Disagrees for this post. But please, tell me where I am wrong factually. You cannot blame people if there interpretation of the facts is different from yours. If the facts are wrong, you can correct them, but not how people feel about the facts.
My hope is that Tesla can ride out the storm until the Y goes into production. I really think any discussion of demand and profit ends when the Y comes out. That's the car people are buying these days. I also think that's when it's lights out for the shorts. I also think that's why they are giving EVERYTHING they have at sabotaging Tesla so Tesla doesn't make it to that point. When it becomes inevitable that the Y will go into production, I think the shorts will give up and you will then see the short burn of the century - at least for those who don't bail out early on.
Now this Factset estimate shenanigans have started given we are nearing the end of the quarter. Perfect way to set high expectation and even missing that number by less than 1% will be considered a Yuge miss, and will be used to slam the stock.
That's kind of what I was trying to say, an article that is balanced or maybe a bit positive might get published with a title that spins it negative or makes it sound more exciting than it is, like a lot of publications. The comments are another ballgame of course.Sorry, no. Seeking Alpha is documented to censor positive articles and comments.
That might be it.
Now this Factset estimate shenanigans have started given we are nearing the end of the quarter. Perfect way to set high expectation and even missing that number by less than 1% will be considered a Yuge miss, and will be used to slam the stock.
We have seen this bad movie play a few times before.
Now this Factset estimate shenanigans have started given we are nearing the end of the quarter. Perfect way to set high expectation and even missing that number by less than 1% will be considered a Yuge miss, and will be used to slam the stock.
We have seen this bad movie play a few times before.
Am I wrong or has there been way less posts/noise about discounts being given out this quarter? no major end of quarter incentive as far as I can tell.
That has to be bullish
Totally agree, and count me as one of the people who felt burned by EM for all the reasons you stated. Q1 was epic bad, not just because of the losses, but because EM unnecessarily lost goodwill and credibility.
To this day, I haven’t ever been in the black with TSLA. Although my losses have piled up except very recently, I’m long and keep adding because I believe in the mission, market, company, and opportunity.
I’m willing to take volatility in the SP, but a CEO should not contribute to blindsiding investors.
The company itself guided between 90-100k. Then multiple times they re-iterated the guidance. Why is this a bad thing / surprising that the factset estimate is at the lower end of the guidance? It's a conservative estimate based on the information from the company.
ps : This also means he thinks Tesla has zero chance of getting anywhere near FSD in 5+ years.
What if I only have a manly petticoat?Can’t even get into the damn Tesla store. Counted 4 trailers two behind the gate and another pulled in after I parked. If you call yourself a bull then put ur manly pants on and buy the dip
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