CyberDutchie
Active Member
I hope so, I try to ignore the daily fluctuations, but every day when I look at TSLA, I get frustrated.
Market up, TSLA down, wtf?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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I hope so, I try to ignore the daily fluctuations, but every day when I look at TSLA, I get frustrated.
Market up, TSLA down, wtf?
humbaba
sleeping until $7000
hmmm... so you are saying $200k avg price and $17k profit so 8.5% gross margin? At those price points it is a substantial chunk of change, but I expected Porsche to have better margins. Am I missing something?
Porsche’s brand is built around ICE. It has an untested brand around BEV. Jaguar and Audi have respected ICE brand, but have been meager BEV brand.
Is Porsche exempt from this trend? I’m thinking it will be an uphill battle right from the gate.
The bottomline: you can’t be a volume ice company and succeed as a volume bev company.
$17K was their average margin for ALL cars sold across their existing ICE lineup since couple years ago. IIRC, they aim to maintain at least a 15% margin on all their sales. That tells you what their ASP is. Pretty significant what Porsche buyers will pay. So, no surprise Porsche would try the Taycan at 911 prices.
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humbaba
sleeping until $7000
So you are saying I got it right and they have a low gross margin? I would've expected the $200k ASP to not be correct (I didn't source it) -- drop that to $100k and it would be 17% gross margin and closer to what I would expect from a high end car manufacturer.
humbaba
sleeping until $7000
I hear you. At the same time its hard to resist analyzing the most realistic competitor Tesla has. And I think it is relevant -- Tesla is still small and only on the cusp of sustainability. If Porsche had delivered the hype of a true Tesla killer then that could endanger Tesla's growth. So, as an investor, I find it important to be informed on the matter. Kinda like the Brexit analysis which I know really annoy some but I find valuable.
I like the Norway delivery numbers (and the Netherlands), but smaller markets are prone to significant variation due to a number of reasons so while I do track the Norway deliveries I find it hard to make any useful projection from them. It does seem to me that it may be settling in on sustained demand -- March 2019 numbers were through the roof, July's more realistic and I expect September to drop a bit more. And I'm curious to see if I'm right, and how many quarters it takes to settle. But there also seems to be a fair amount of noise -- I wouldn't try to make any strong predictions from the data.
RoadsterPlease
Member
Artful Dodger
"Neko no me"
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insideevs
“Tesla Model 3 Deliveries In U.S.
Our estimates show that Tesla delivered some 13,150 Model 3 to U.S. buyers in August 2019. That's a wee bit down from the 13,450 Model 3s to U.S. buyers in July 2019. And it's substantially down from the 21,225 delivered in June (end of the quarter month) and below the 13,950 Model 3 delivered to U.S. buyers in May 2019, but well above the 10,050 Model 3 delivered to U.S. buyers in April 2019.”
“Tesla Model 3 Deliveries In U.S.
Our estimates show that Tesla delivered some 13,150 Model 3 to U.S. buyers in August 2019. That's a wee bit down from the 13,450 Model 3s to U.S. buyers in July 2019. And it's substantially down from the 21,225 delivered in June (end of the quarter month) and below the 13,950 Model 3 delivered to U.S. buyers in May 2019, but well above the 10,050 Model 3 delivered to U.S. buyers in April 2019.”
Don TLR
Active Member
Talk about charging your for everything you, I got 37,610 in upgrades for grand total of 231,223 in my click all the options spree
The red is 3150..
As more EV's get released by other manufacturers the list of Naysayers grows smaller and Tesla brand grows stronger what a car at twice the price doesn't make sense.
The red is 3150..
As more EV's get released by other manufacturers the list of Naysayers grows smaller and Tesla brand grows stronger what a car at twice the price doesn't make sense.
At this point I'm really tired of the estimates from InsideEVs. Its borderline stock manipulation because they are not official numbers, yet they can push the stock in either direction.
To me at least, it's very apparent that they underestimate on the first 2 months of the quarter so that they can match the official quarterly number from Tesla and have it "make sense". They're afraid of overestimating monthly numbers because then they would have to post only a moderate increase in the 3rd month. I'm sure that they are confident in their methodology but they've been shown to be off before and the fact that they refuse to post their estimates of 3rd month sales before Tesla posts theirs reeks of them making guesses in their estimates
To me at least, it's very apparent that they underestimate on the first 2 months of the quarter so that they can match the official quarterly number from Tesla and have it "make sense". They're afraid of overestimating monthly numbers because then they would have to post only a moderate increase in the 3rd month. I'm sure that they are confident in their methodology but they've been shown to be off before and the fact that they refuse to post their estimates of 3rd month sales before Tesla posts theirs reeks of them making guesses in their estimates
Fact Checking
Well-Known Member
It was/is a rather predictable bear attack: Chanos tweeting nonsense about the Taycan, and the rather obvious capping of the rise in the morning was one of the signals.
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