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TSLA Investor Discussions
- Thread starter Fr23shjive
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If they are crunched for money, they are a lot more likely to go shopping for more cash from Musk or somewhere than to rush the cars. I think they are probably pretty confident about quality of the cars too, but that probably doesn't relate to their cash.
Sorry for the late reply, I've been away and out of touch (on boats, not in prison! :smile. In fairness, I should have taken more time and separate out capital investments from factory prep expenses and start-up costs and others that are being expensed as R&D. I was being a little too fast trying to make the point that JP's calculations don't add up - they don't by the way! Once he admits that the capEx doesn't impact working capital how come he still thinks that Tesla will run out of liquidity in such a short space of time?
IMO Q2 costs could not have been dangerously higher than Q1 and my worst case estimate is $110m Q2 net income loss versus $90m in Q1; given Tesla's available resources, I don't consider that a problem.
Smorgas+Nigel, I think John is probably overall right about the EV market in general, but with regard to his TSLA numbers he is off. Even if the expenditures are amortized, they will be amortized over their expected useful life, which in this case is basically going to be as long as they are making the cars. Although I think he is correct in suggesting there could be a liquidity probably, but only because of ebbs in demand.
Citizen-T
Active Member
Also, did he take into account the accelerated reservations we've seen over the past month? I'm not sure where that money goes on the balance sheet but it is cash that they can use, and if our reservation tally is to be believed, there's a lot if it.
Sent from my Nexus 7 using Tapatalk 2
Sent from my Nexus 7 using Tapatalk 2
Where are we at right now with the reservations? I've been wondering how much they've accelerated since the deliveries started.
I wonder how the Model X is doing too. I'm not a big fan of the Model X. The Falcon doors are a little too over the top for me. I hope it's doing well but I wouldn't line up to buy one.
CyberDutchie
Active Member
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
See Robert.Boston's post above and add 1000 us Sigs, 200 Canadian, 500 European and also the SSL list and founder's cars. That's near 14k cars.
CyberDutchie
Active Member
14,000 is an impressive number, but we're already 3 weeks into Q3 so it's probably not going to be the number they will use tomorrow on the earnings call.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
No, they will be (and should be) conservative as there will likely also be some people dropping out along the way and they don't want to be accused of overreporting any numbers at this stage.
Steph
Member
Sunshine again today, my country is becoming Florida, we use to be in a cold place...
Now, we will have sunshine in TSLA today! People should be coming in in the next two sessions in anticipation of the earning call and first real deliveries.
Should be a fun rest of the week!
Now, we will have sunshine in TSLA today! People should be coming in in the next two sessions in anticipation of the earning call and first real deliveries.
Should be a fun rest of the week!
NigelM
Recovering Member
Reservation deposits on the balance sheet are shown as unrestricted cash on the asset side and as a current liability on the other side; as such it positively affects cash flow but has no impact on working capital calculations. That said, even 500 reservations in the last month x $5k only equals $2.5m (minus credit card fees) so it's pretty small when you look at the big picture.
P.S. Can we cut the Tapatalk signatures pls?....just my personal bugbear.
Citizen-T
Active Member
True, but some of those reservations were surely $40,000 sig reservations for Canada and the EU. Also, I didn't just mean to count the money from the past month. I just meant that based on the acceleration in reservations, it seems there should be a good bit of cash coming in through the rest of the year from that. More than there was this time last year.
I'm not sure. There may be a setting that allows you to remove it. I kinda like it though. Let's you know that I am mobile and could use a little bit more leniency on typos.
NigelM
Recovering Member
The odd $40k from Canada/EU here and there isn't going to make any difference. I disagree that there should be more money coming in than this time last year. A year ago, Sigs weren't sold out in the U.S. and every one of those coming in was equal to 8 general production reservations today. It could be either way.
P.S. don't worry abut your typo's, we all have them and it's usually easy to spot those ipad/iphone auto corrects as well.
Probably closer to 13k, or even 12k depending upon how the attrition rate has played out. I'm sure that some reservation holders asked for their money back (for various reasons).
Steph
Member
Pathetic.
They can pump it down as much as they want, the rebound will just be greater.
They can pump it down as much as they want, the rebound will just be greater.
Tesla Production Estimated to SLOW and 4 Fresh Stock Analyses To Note | Wall St. Cheat Sheet
Citizen-T
Active Member
Saw that. Wondering why they mentioned "range" as one of the issues being worked out. I haven't seen this cited anywhere else. Possibly just a mistake by the writer.
They might be referring to the MPGe comment regarding "from wall" efficiency, i.e. it's impact on published/official EPA range.
Mycroft
Life happens
Either Steph is right and they are trying to push the stock price down or they're totally clueless and accepting the production "slow-down" without question.
Fortunately for us, we know that the only reason for this "slow-down" is to run through the punch-list from the Founders and the test drives before starting up the production run. I can't wait to see what they change on the final production cars.
Fortunately for us, we know that the only reason for this "slow-down" is to run through the punch-list from the Founders and the test drives before starting up the production run. I can't wait to see what they change on the final production cars.
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