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

[2virgule5]

Something like 1.5 billion dollars of short wealth just evaporated.

And this feels even better than appreciation of our stock if you ask me...

 

[davecolene0606]

Gentlemen....

Margin call.

Fire Away!

 

[Buckminster]

My favourite bit.

 

[MP3Mike]

So no EAP, FSD deferred revenue taken in Q3?

It's in there:

Margin was impacted in part due to fundamental improvements in our operating efficiency, including higher fixed cost absorption, reductions in manufacturing and material costs and continued improvements in vehicle quality and in part due to Smart Summon-related deferred revenue recognition, FX and other non-recurring items.

but not all of it:

We also expect to gradually release nearly $500M of accumulated deferred revenue tied to Autopilot and Full Self Driving features.

 

[KSilver2000]

Thats going to hurt.
All the hand wringing about FUD, like I stated, Tesla just needs to post a string of profitable quarters and all of the FUD disappears and the Shorts will go and find a new target.

We can enjoy in the moment now. Would like to see a good Q4 as well, though.
Last year, we got a surprise Q3, and then started the long and steep downhill not too long after from approx. $365 to $185.

 

[EVNow]

DJ Times headline.

Tesla's Quarterly Profit Drops 54%
DOW JONES & COMPANY, INC. 2:35 PM ET ​

 

[FreqFlyer]

Question, how much of the profit was due to ZEV credits being sold? I can see some analysis making hay of this.

 

[Tslynk67]

Still some 700M red in the 4 quarters.

19Q1 killed it off for the moment, if we can get to 20Q1just break-even from here then we're talking.

 

[Sparky4life]

Anyone claiming the report has fictitious numbers should be contacting the SEC, correct? Otherwise their claims are baloney

Price Waterhouse Coopers is gonna be in hot water...

 

[Causalien]

Those are "substantial potatoes"

I have no idea what you're referring to

You and Anthonyj both paste your yolo tomorrow.

And remember, if it is good enough to screenshot. It's good enough to take profit.

 

[Curt Renz]

That is going to be very expensive to them.

I had a GTC order to sell at $379.99 to prevent my brokerage from lending my shares to short sellers. I now cancelled that order in case TSLA reaches that price tomorrow morning,.

 

[TheTalkingMule]

Well that's interesting. Game over. Best cover soon folks!

 

[KSilver2000]

It's in there:



but not all of it:

Would be nice to know how much was recognized up to now, leaving ~$500 million left.

 

[Grey Badger]

Indulgent first post:

Raising a glass to Tesla and all of the longs!

 

[anon]

Question, how much of the profit was due to ZEV credits being sold? I can see some analysis making hay of this.

It's listed in the report this time - $134 million in regulatory credits, so considerably less than in Q1.

 

[MP3Mike]

Question, how much of the profit was due to ZEV credits being sold? I can see some analysis making hay of this.

Does this answer your question:

GAAP Automotive gross margin improved by 393bp QoQ to 22.8% (improved by 366bp QoQ excluding regulatory credits)./QUOTE]

 

[AlexS]

I'm glad I didn't let the pessimism here convince me to liquidate my calls. I did roll them, though thankfully moderately aggressively. Not nearly enough, though!

This report exceeded even my expectations. And people here thought I was crazy for being optimistic

But you missed on revenue, told you so

 

[Mkorpal]

Stings a little to have sold today. I seriously never saw this coming. In the end, I guess it won’t matter much when I become a millionaire, but still.

 

[Sparky4life]

FactSet estimates vs. Actuals:

Revenue: 6.425B, 6.30B
EPS: -1.61/-0.46, 0.80,1.91
FCF: 32M, 371M

 

[2virgule5]

Also, kudos to the IR team, that's the best, most comprehensive letter we've had in a long time (ever?).