20,000 per week x 50 weeks x $30,000 ASP = .... $30+ billion revenue per year
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Shorts are referring to the 10K filing & that it will show that things aren’t as rosy as the earnings call suggested - that ‘creative accounting’ has been utilised for ‘one offs’
Shouldn’t they be waiting until Q4 results for a clearer picture? Or am I being too logical?
Well he answered my question about when to expect additional tile types. I suppose I'll never get it since my wife only likes the slate. Every time they update to a new version it gets delayed more. I'll keep paying for wind source credits.
He was simply putting the focus on what really matters: the vehicles (3/Y/truck/semi) that will sell in the hundreds of thousands/millions of units annually (rather than the relatively small S?X sales). Tesla wont stop selling and upgrading luxury vehicles, and that couldn’t be more evident with Plaid and Roadster 2.0 coming.
- Many expressed incredulity at Tesla becoming profitable while QoQ revenue dropped slightly. They are missing the obvious:
- Profit = revenue - expenses, and you can increase profits not just via higher revenue, but via lower costs as well - which is what happened in Q3.
I’m surprised the stock price isn’t reacting after hours - does no one understand the revenue math behind what musk is revealing in this call?
he said well over 1000 Solar roof installs per week within a few months, and a medium term goal of 10k-20k roofs a week (500k-1 million annually).
The roof has similar ASP to a model 3, and we are talking about 10K-15k units a week in Q1 potentially., and ramping up significantly higher in 2020.
Phil Lebeau (from cnbc) on the call, asking about number of installers. Elon does not like him apparently.
California is where the bulk of their business will occur initially because of the recent laws requiring solar plus the potential inclusion in the houses that will unfortunately have to be rebuilt post fires. Man I feel sorry for those folks...If the market is 5 million roofs in N America then Tesla can easily sell several thousand a week despite the higher price.
Once again it’s a question of the ramp up, it might take a couple of years but I can see why this could end up being a major source of income.
You guys actually have sunshine up there?Meh, not available in Canada yet.
I’m surprised the stock price isn’t reacting after hours - does no one understand the revenue math behind what musk is revealing in this call?
he said well over 1000 Solar roof installs per week within a few months, and a medium term goal of 10k-20k roofs a week (500k-1 million annually).
The roof has similar ASP to a model 3, and we are talking about 10K-15k units a week in Q1 potentially., and ramping up significantly higher in 2020.
Phil Lebeau (from cnbc) on the call, asking about number of installers. Elon does not like him apparently.
The new tri-motor PLAID Models S/X and Roadster are the logical places to debut the DBE technology. GF1 will already be running flat out to produce ~10K packs per week to supply Model 3/Y demand. They'll need new bty supplies to build those halo cars; why not use the best tech available if you have to build out more capacity anyway?I hope not. I want them to wait and leapfrog that to a new Maxwell or much higher energy dense battery type for an all-around even better, 600-mile range Halo car that beats all but the roadster.
Edit- If that takes a couple extra years, I'm fine with that.
I'd also rather see them make a version like a small pickup or VW-van sort of thing on the same -or Model 3 or Y skate.
Lol let’s hope it’s realistic.Tile production doubling every month!!!!
People don't understand the solar roof business, they don't understand the battery business, they don't get the autonomous driving or FSD business and they are just starting to understand the automotive BEV business and all four together integrated is totally overwhelming the capacity of their brains.
20,000 per week x 50 weeks x $30,000 ASP = .... $30+ billion revenue per year
The credit drops from 30% to 26%.My roof is ~20 years old, so I'm surprising myself by being interested. That being said, doesn't the (US) federal tax credits for solar expire Dec 31, or am I confusing that with the auto tax credits?