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

[StealthP3D]

Do we have any precedent for GAAP on deferred revenue for software? For a physical good it's cut and dry, you don't recognize the revenue until the product is delivered. But for a piece of software, would the revenue be recognized on actual download by the customer? Or could it be recognized as soon as the investment in coding the software is done and it begins to ship.

I would guess the revenue from software updates can be recognized based on when it's available for download.

 

[SpaceCash]

SP got boosters

 

[JusRelax]

SP got boosters

Any idea what happened? These are some strong boosters.

 

[KarenRei]

Vincent on Twitter

 

[Unpilot]

SP got boosters

But running a bit short of fuel ATM.

 

[Artful Dodger]

Tesla ‘has a shot’ at record 100,000 cars this quarter – Elon Musk in leak email

"In an email sent to employees and obtained by Electrek today, Elon Musk said that the record is within reach:

“We have a shot at achieving our first 100,000 vehicle delivery quarter, which is an incredibly exciting milestone for our company!”

"Like it has been the issues in previous quarters, the challenge again appears to be deliveries.

"Musk states that net orders are “tracking to reach about 110,000” for the quarter, which an incredible amount of demand for the automaker."​

EDIT:

The Electrek article has been updated. Refresh for addtional details.

"The CEO said that the focus is to get the vehicles in the hands of customers who can take delivery by the end of the month:

“The challenge is making sure that we have the right car variants in the right locations and rallying as much as our company resources as possible to help with the end of the quarter deliveries.”

Its truly up to California now (and of course @SpaceCash ). California is half of the U.S. in terms of volume, and the West Coast has been starved of deliveries for the first 2 months of Q3. Can we do an extra 5K in the last days? You betcha! I say we hit this out of the park.

EDIT2: SP feeling a tad squeezie, wot?

Today's High: $241.47​

CH33RS!

 

[KarenRei]

"Musk states that net orders are “tracking to reach about 110,000” for the quarter, which an incredible amount of demand for the automaker."

#NoDemand

 

[SpaceCash]

Any idea what happened? These are some strong boosters.

I'm thinking it's the leaked Elon-mail stating they have a shot of delivering 80,000 cars this quarter.

OR word finally got out that I'll be test driving the Raven and Performance 3 this weekend. Either/or

 

[CorneliusXX]

From the Jalopnik article:

(Full Disclosure: Porsche flew me from Nuernberg, Germany to Copenhagen, Denmark, fed me fancy food, and put me up in three hotels along the route to Hamburg).

This is the beguiling I've mentioned before that should be considered when reading reviews.

https://jalopnik.com/the-electric-2020-porsche-taycan-what-we-learned-over-1838333674

 

[EVMeister]

Tesla ‘has a shot’ at record 100,000 cars this quarter – Elon Musk in leak email .

Nooooo. That is a Typo. He means 10,000! Keep expectations nice and low.

 

[ReflexFunds]

Tesla ‘has a shot’ at record 100,000 cars this quarter – Elon Musk in leak email .

I wish people would just publish the full email when these leak.

From Fred's article:

“We have a shot at achieving our first 100,000 vehicle delivery quarter, which is an incredibly exciting milestone for our company!”
Like it has been the issues in previous quarters, the challenge again appears to be deliveries.
Musk states that net orders are “tracking to reach about 110,000” for the quarter, which an incredible amount of demand for the automaker.

Looks very positive. Hopefully Fremont production can ramp even further in Q4.
I would guess deliveries are tracking quite close to production given they already went into the quarter with relatively low inventory position.

 

[uselesslogin]

based on local inventory and Elon's plaid announcement

What is you source for 'local inventory?' It isn't very high on the Tesla.com website.

 

[Tim S]

Wedbush analyst Dan Ives, who has a Neutral rating and a $220 price target on the shares—below FactSet’s $268 average—said Thursday that a range of 88,000 to 90,000 deliveries is likely.​

That "analysis" aged well.

 

[Cherry Wine]

SP is now at the 50SMA and mid-BB on daily chart, which could provide technical traders with an excuse to sell.

 

[SOULPEDL]

OMG, what a beautiful day. Trump, Tesla, and V10 right around the corner.

 

[Fact Checking]

I wish people would just publish the full email when these leak.

Hey, why should Fred leak the email in a single article if he can leak the first paragraph in one early article "to be updated", with two updates that publishes another paragraph, a follow up article a few hours later with new information and an invaluable, never to be missed "Elektrec's Take", and a final article that publishes the 100%, Ultimate, Complete Leaked Email From Elon?

Five times the clicks, no downsides, what's not to like about that?

 

[EVMeister]

OMG, what a beautiful day. Trump right around the corner.

I damn well hope not.

 

[mongo]

For what it's worth, max pain is down to 232.50 (from 240.00 on Monday).
Opricot Open Interest|Volume|Max Pain

 

[Curt Renz]

Any idea what happened? These are some strong boosters.

The top article is the likely impetus for the recent TSLA share price jump.

Electrek - today:

Tesla 'has a shot' at record 100,000 cars this quarter - Elon Musk in email leak - Electrek

Tesla produces complete Model 3 body-in-white at Gigafactory 3, production to start Oct. 14 - Electrek

Tesla starts wider release of V10, and it finally includes Spotify - Electrek

Tesla releases mobile app update with new features in early access - Electrek

While EPA expands fight against clean air, Minnesota and New Mexico adopt CA rules - Electrek

 

[KSilver2000]

Tesla ‘has a shot’ at record 100,000 cars this quarter – Elon Musk in leak email .

"In an email sent to employees and obtained by Electrek today, Elon Musk said that the record is within reach:


"Like it has been the issues in previous quarters, the challenge again appears to be deliveries.

"Musk states that net orders are “tracking to reach about 110,000” for the quarter, which an incredible amount of demand for the automaker."​

This is good. Hopefully next Q is an even higher record. Simple math says they need to average over 100,000 deliveries this Q and next just to break into the low range of 2019 guidance with 360,000 deliveries.

Edit: I believe it will take a lot more than 360,000 to make a significant impact on SP at EOY. If you recall, it was just earlier this year that he was talking 400,000 deliveries in 2019.