Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Pezpunk]

https://ir.tesla.com/static-files/1e70a30c-20a7-48b3-a1f6-696a7c517959

 

[joefee]

Tesla Second Quarter 2019 Update • Cash and cash equivalents of $5.0B; Operating cash flow less capex of $614M • GAAP operating loss of $167M, GAAP net loss of $408M, including $117M of restructuring and other charges • Auto gross margin at ~19% in spite of reductions in vehicle ASP and lower regulatory credit revenue • On track to launch Gigafactory Shanghai by end of 2019 and Model Y by fall of 2020.

 

[Hock1]

Will Ford be able to finance electric truck production from that level of FCF, which will "eat Tesla's lunch"?

I wonder how long they will be able to pay $600M per quarter in common stock dividends. I'm thinking --not long.

 

[sweter]

Wow, this is an overreaction.

 

[Vines]

Wow, look at that share price drop like a rock!

 

[CyberDutchie]

Sell the news event. Earnings call could soften the blow.

 

[Chocochip]

That’s an extra-short letter (no pun intended)!

 

[ggies07]

Got a summary?

Auto Analysts don't know what they are doing. A new type of research must take place.

 

[HG Wells]

Its all those shares that were borrowed.

 

[sparcs]

Model Y by fall of 2020

Didn't you guys say that Tesla was doing to deliver over 9 months early in 2019?

 

[Vines]

Its all those shares that were borrowed.

Yep, those of us that were optimistic are seeing what a couple million borrowed shares can do.

 

[Pezpunk]

Didn't you guys say that Tesla was doing to deliver over 9 months early in 2019?

not me.

 

[joefee]

"we expect positive quarterly free cash flow, with possible temporary exceptions, particularly around the launch and ramp of new products. We believe our business has grown to the point of being self-funding. We continue to aim for positive GAAP net income in Q3 and the following quarters, although continuous volume growth, capacity expansion and cash generation will remain the main focus. Our 2019 capex is expected to be about $1.5 to $2.0 billion, a reduction from prior guidance. We continue to find opportunities to improve capital efficiency and shift cash outflows to future periods. This estimate includes the development of our main projects, on the timelines referenced, and to expand our Supercharger and service networks."

 

[EVMeister]

Oh none of us saw the classic borrowing loads of shares and then dumping as soon as the letter is released. To make it look like really bad news. Thus encouraging some others to panic sell. Oh wait... Yeah, we did.

 

[ZeApelido]

Didn't you guys say that Tesla was doing to deliver over 9 months early in 2019?

"by fall". Could be sooner

 

[azaz]

they really need advertising to raise ASP, still just way too many buyers that dont have enough info about Tesla

 

[Speedr117]

Revenue?

 

[humbaba]

Its all those shares that were borrowed.

Well, not all of those shares borrowed. Only ~500k shares in aftermarket. 2.5M yesterday, plus however many located today. I expect the dump to hit hard tomorrow on open, again mid-morning, and at close.

 

[powertoold]

Miss once again! Not the "slight" loss for Q2 as Elon said.

 

[Doggydogworld]

"Excluding regulatory credit revenue, automotive gross margin improved by ~200bp"

LOL. No mention of reg credits when they massively boosted Q1 margins. Now suddenly it's time to talk about margins before including credits.