verystandard
Member
Q1 will be epic.
"Good buying opportunity at Q1/Q2 of 2023"
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Q1 will be epic.
My personal financial decisions regarding Tesla came about when the CEO wasnt coming across daily as a liar. Like many have said he isnt being a good captain of the Tesla ship. He and Tesla board knew the macro environment and yet instead of simply taking Twitter and running it he had to come out and be a master sugar poster and liar.
Dumped in the ocean.
/s
This is a pretty significant miss right? I am surprised the BOD let Elon sell that last batch of shares when he had material insider information about the sales not meeting expectation.
With out knowing the regional distribution of the difference between production and delivery it is hard to speculate how much of a slow down there was in the US and China where most of the production capactiy currently is. In the US the slowdown could have been anticipated due to IRA and to some lesser extent due to rinterest rates, recession fears, twitter drama e.t.c. I was actually surprised that Tesla did not discount in the US until late Dec, which probably did not give enough time for all the demand at that discount to be filled. As an anecdote a family member who decided to postpone the delivery to Jan 23 due to IRA decided to take delivery after the discount was increased to $7500. Lucky for them they did end up taking delivery in 22.Exactly. Huge discounts at the end of the quarter should be seen as a red flag, not "they are going to make an awesome quarter even more awesome!". While it makes sense for US because of the new tax breaks, it should still have been seen as a red flag that deliveries were going to be a big problem.
I realize this is a topic that touches on our identity as Tesla investors, so ego is involved and rationality sometimes takes a back seat, but here goes:
Having read TMC for several years, let me see if I have this straight:
- Tesla has no subsidies (anymore).
- Tesla is against all subsidies.
- Tesla needs no subsidies! (Gondor needs no king!)
... and the clincher....
- Tesla is being screwed out of some new subsidies.
Have I got that right?
Do we cognitive dissonance much?
Great googly moogly, people! Tesla will do fine here. They'd weather this (even if there is anything to weather, which isn't even certain now) if they just sold the best cars and had the most modern factories and the most integrated supply chain. Add in the Supercharger network, Tesla Energy, Tesla Semi, Insurance, etc., and there is not a shadow of a doubt.
(And no, there was no politically possible way to remove the fossil fuel subsidies from the US tax and agricultural codes - for decades there never has been, and given a literal 0 vote margin in the Senate? It is more likely that we would see a 600 mile range Mach E next year )
The latest from the Treasury department is very confusing at best....shouldn't the Tesla team be allowed to enjoy New Year's like everyone else?Surprised Tesla website not updated at all with the new pricing with tax credits yet.
Production being that much higher than deliveries will reinforce the demand cliff narrative and be cited every time someone repeats the "Tesla sells all the cars they can make" line
I know, I really wonder where the cars are. There isnt that many on boats, unless we dont know about several boats.So where is Tesla hiding this inventory? As in, physically?
Yep 3.8% miss on a number that was plucked from thin air, like how this works.A 3.8% miss.
3.8% miss on deliveries, right? Is that big or small for WS?
Yes, well done team! Thank you everyone at Tesla for your hard work! I’m especially grateful that deliveries were not less than 400K.Yes. Or internality. I'm afraid these things keep coming.
I'm afraid Tesla Energy is not achieving the same growth rates as the competitors and is lagging. Margins aren't great historically either.
To be clear. These are good P&D numbers. Well done team. But they aren't going to be what the market wants to hear.
* (posh words being endogenous and exogenous)
Not talking about just Tesla. If someone establish himself as willing to lie about other things why believe him about Tesla?I wonder why you call him a liar? What are the lies?
- The ‘epic Q4’? He said that mid-October, when Q4 was probably still going smoothly. A lot can change in 2.5 months time.
- No more stock sales planned? When he said that he probably did not have any plans for more sales. But it turns out he needed more money to buy/run Twitter.
Is there anything out there that is clearly a lie?
It costs money to store vehicles. Increases risk if something happens to them. Seems better to me to offer a discount.Whatever the reason, offering discounts means they are desperate to move cars in that particular quarter. To me, that's a red flag. If they had no problem meeting their numbers, they would not have offered discounts.