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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
TheTalkingMule
Distributed Energy Enthusiast
CNBC has Lora on! Hahahahahahaha!
"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022."
MTL_HABS1909
Active Member
Why is Shanghai production only listed as >450000? We know it’s MUCH more than this. Are they sandbagging?
IIRC Troy had a decrease in ASP due to just selling more in China of the cheaper models.
This report is good, it'll be digested and estimates for 22 and 23 will have to be increased by most of the street. Combine that with the call, we should see a pretty solid response to this over the next 10-14 days.
Nearly 60,000 running FSD beta, three times what commentators have been assuming.
Phobi
Member
This is exactly what happened with MSFT yesterday...
This is why opex was up
- increase in SG&A driven mainly by $340M payroll tax on 2012 CEO award option exercise
-incurring SBC expense attributable to the 2018 CEO award of $245M in Q4, driven by the final two operational milestones becoming probable.
- increase in SG&A driven mainly by $340M payroll tax on 2012 CEO award option exercise
-incurring SBC expense attributable to the 2018 CEO award of $245M in Q4, driven by the final two operational milestones becoming probable.
Opex is a downer on the quarter for sure and that has significantly affected earnings. However, Deliveries up 87% YOY. Revenue up 71% YOY. Earnings per share up 204% YOY. If you're looking for a growth company, this is it.
| Deliveries | 2020 | 2021 | CHANGE |
| Q1 | 88,496 | 184,877 | 109% |
| Q2 | 90,891 | 201,304 | 121% |
| Q3 | 139,593 | 241,391 | 73% |
| Q4 | 180,667 | 308,650 | 71% |
| YEAR | 499,647 | 936,222 | 87% |
| Revenue | 2020 | 2021 | CHANGE |
| Q1 | 5,985 | 10,389 | 74% |
| Q2 | 6,036 | 11,958 | 98% |
| Q3 | 8,771 | 13,757 | 57% |
| Q4 | 10,744 | 17,719 | 65% |
| YEAR | 31,536 | 53,823 | 71% |
| Non-G EPS | 2020 | 2021 | CHANGE |
| Q1 | 0.23 | 0.93 | 304% |
| Q2 | 0.44 | 1.45 | 230% |
| Q3 | 0.76 | 1.86 | 145% |
| Q4 | 0.80 | 2.54 | 218% |
| YEAR | 2.23 | 6.78 | 204% |
ZachF
Active Member
$4.6b operational cash flow is already up there with the largest automakers.
OCF less debt servicing may be the highest or close to the highest of any automaker already.
TheTalkingMule
Distributed Energy Enthusiast
Decrease? These are both up, no?
3Q was 30.5% and 4Q is 30.6%. And I think ex-credits margin is at it's highest.
Rob Mauer said on his stream this is due to taxes Tesla had to pay on the big compensation payout (to Elon presumably), which he took as a one time issue… ie, at surface quick glance looks bearish but understanding the reason & its one-time nature, a non issue.
Looks like that is the main reason for the Opex increase
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Yup... combine that with more Chinese sales is why we see this falling under the highs of 2.80+. The 2018 award will sit for a little while longer on the income statement, but nearly through the short term impacts. 2022 is going to be wild!
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