Well cash went up $902M, BTC sales was $936M, and they paid off $402M of debt... So no way do you look at it was cash flow negative.
And wasn't BTC included in the cash, or equivalents, already?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
And wasn't BTC included in the cash, or equivalents, already?
adiggs
Well-Known Member
Aggressive accounting. Demand problems. Elon is unstable. It can't last.
EDIT to add: Its an investment company for speculating on Bitcoin.
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Wouldnt the BTC sale on the books just be a movement from one account to another. I saw someone else saying that Revenue number was only because of BTC sale. BTC sale wouldnt be revenue.
When Elon buys twitter everyones a lawyer. When tesla posts a skillful quarter everyone’s an @The Accountant
I think it was around 31600. It looks like they had a stop loss of some kind?
That is an easily debunked BS, as they sold right at the last accounted impairment value (as per Rob Mauer's calculation in his live stream minutes ago), which means its accounting effect is exactly ZERO!
They actually lost money on it, since they sold lower than they bought, but the loss was already accounted in previous quarters as per GAAP impairment rule.
BTC was an asset, turned into cash when sold.
Without BTC, cash flow would be $-34M.
Except it wouldn't, because advanced debt repayment is optional, as was the $90M purchase of marketable securities.
ZachF
Active Member
That it’s declined so little while they’re ramping up *two* new factories is amazing.
Yes. That was what I was referring to as master of coin mentions margin pressure with factory ramp.
Otoh far from money furnace though
Yes I found that interesting as well. I'm thinking it'll be discussed in more detail during the call. I wonder if there was findings that needed correction, thus causing the slower ramp. Perhaps it's the signal that it's going to accelerate.
ZachF
Active Member
Q2 just reaffirms that Q3 and Q4 gonna be LIT son.
Knightshade
Well-Known Member
According to this:
Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap
The live Bitcoin price today is $67,509.69 USD with a 24-hour trading volume of $48,132,475,590.83 USD. We update our BTC to USD price in real-time.
coinmarketcap.com
BTC daily volume (with BTC still only at about 23k per coin) has a daily volume of over 42 billion with a b dollars in 24 hours.
So I’m dubious Tesla selling 936 million dollars worth cratered the price >50%
I can't believe the relative neutrality of the SP at the moment. One of the most boring AH sessions so far. This ER was incredible for those in the know. As soon as I saw the EPS, I immediately was trying to think of who was the closest within the community and it was close.
Once again, this site feels like the cheat sheet to life. Just sit here, read and parse and you'll be ahead of game, every time.
Once again, this site feels like the cheat sheet to life. Just sit here, read and parse and you'll be ahead of game, every time.
dhanson865
Well-Known Member
I'm not seeing 2.18 EPS in the report but Troy missed wildly on the Gross Margins and thus something else or multiple something elses to get the EPS on target if 2.18 is in play somehow.
see View attachment 830314
BOOM!!Just imagine if Telsa had a Sell Stop-Loss order on Bitcoin and there is no impairment....
Just a FYI: average sales price (i.e. automotive sales / deliveries) is now at $57k and grew 16% y-o-y
I'm putting together a few charts with ASP after rummaging through the past Earnings reports
I'm putting together a few charts with ASP after rummaging through the past Earnings reports
MartinAustin
Active Member
Apparently TSLA is "fading" in the after-hours, and the stock is under pressure." Even though it has been higher than when it closed.
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