I think they want Zach to say "margin trough" before wallstreet jumps in.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Maybe the market was expecting energy to perform better. Storage deployed went down Q on Q. This was probably caused by the lumpy nature of storage deployment, but it's still a bit of a damper.
GrandEnigma
Member
I thought that side of the business didnt matter since Tesla is only a car company.
Is this *ahem* no profit NACS business?
ByeByeJohnny
Active Member
First thing I looked at. Energy Margins seems to be way up though which is great news for the future.
That's a bear argument of why Tesla deserves a PE of 10 or lower. However Tesla's PE is in the 50s so everything matters. It's not true when bulls claim Tesla's valuation haven't baked in software and energy. Definitely not all, but some are baked in.
How big/long has everyone been saying the Cybertruck will be? Now we know it is sub-19 foot long and it should fit in a garage:
edit: From one source I found a Toyota Tacoma Double-Cab w/long bed is 18' 9.5" long with a 6' 1.7" bed. So it sounds like the Cybertruck will be about the same length as the largest Toyota Tacoma...
edit: From one source I found a Toyota Tacoma Double-Cab w/long bed is 18' 9.5" long with a 6' 1.7" bed. So it sounds like the Cybertruck will be about the same length as the largest Toyota Tacoma...
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Marc_K_inNJ
Member
Can someone please cut the bungee cord…? I am getting dizzy watching the share price…
Wow reg credits is only 282M which makes the beat pretty significant.
Joe F
Disruption is hard.
And I had a house built with a 25 foot deep garage and 6 inch thick slab a year ago, just for the Cybertruck.
Garage Beer fridge secured.
Garage Beer fridge secured.
Yup while the volume growth was lower than expected, this was a pleasant surprise. In fact higher than auto gross margin (~ 17.6%).
I imagine that at 3x the volume deployed (maybe within 6 months), the margins will surpass 30%.
ByeByeJohnny
Active Member
Energy is now about 6% of total revenue. Now that it has similar margins you could compare that to selling around 30k extra cars per quarter. With higher yearly growth than cars this should continue to be more and more significant.
Used car sales. I suspected if there was a surprise to the upside it’d be this.
Yep, Austin and Berlin are still ramping up, so they are going to impact margins. This will of course fade away over the next year or so...
bkp_duke
Well-Known Member
Not just cars. Things like FSD subs go in this bucket.
We bought FSD for our Model 3 for a road trip last month. Just one month, but it adds up.
It makes sense for there to be fluctuations in stock price following the ER release as investors digest the nuances of the report. What doesn't make sense is the very stable price trading just below the red/green line. I suspect capping from some entities that were hoping for a miss. I suspect the stalemate will be broken (one way or the other) as the conference call progresses.
The Accountant
Active Member
Dan Ives had a "line in the sand" gross margin of 17.5% and Tesla beat that with 18.1%.
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