Before Europe Gets to Bed
I hope to post my full financials in the Quarterly Financial thread later today but wanted to get this quick post out for those calling it a day.
When I update my model for the P&D report, my Non-GAAP EPS only decreases from $2.80 to $2,74.
In the table below you will see that changing my deliveries from 320k to 310k reduces EPS by $0.12 . . .
. . .but changing the lease rate on Models 3/Y from my projected 5% to the 3% as per the P&D report, improves my EPS by $0.06.
So the P&D report only had a net $0.06 impact ($2.80 to $2.74).
Then I make 3 additional changes based on feedback from members and new data that I have seen.
The 3 changes (Pricing, Berlin/Austin Ramp and Taxes) get my non-GAAP EPS above my original estimate.
I am now at $2.83 EPS non-GAAP. This is triple last year's (Q1 2021) EPS of $0.93
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Good stuff, thanks. Where is your 2022 EPS now?