I dunno, he's deleting the tweets faster now, is that more measured behavior? 
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Is “LG Chem to build...” the same as what Tesla is currently producing? I think not.
Same reason he designs the cars, manages the Sales department, supervises production from the factory floor, and personally delivers Model 3 to customers.
Someone really needs to tell Elon how delegating works because no human can run an entire car company singlehandedly.
Until evidence proves otherwise, I'm going to assume Elon is a human and not an alien. He's probably not Kane and we probably won't observe the appearance of Tiberium on the Earth's surface anytime soon. Probably.
Oh great. Now every time I see a car carrier unloading Teslas, I'm automatically going to think "Reinforcements have arrived." And for Tesla crashes... "Unit lost." And in the factory: "Unit ready." And the tent: "New construction options"
And during the Q2 report: "Insufficient funds"? "On hold"? "Cancelled"?
Seriously, though, I think it's good that Elon tries to involve himself to a small extent in every aspect of the business. So he can see for himself how everything flows together, to get the big picture.
Reciprocity
Active Member
It's silly to think one manufacturer is going to make a billion cars. Tesla's focus on high margin has a two fold impact. It Rob's market share from competors and forces when to react and gives them Capital to expand. But make no mistake, Tesla wants competition to mass produce EVs. Tesla just wants to own the biggest profit margin models while accelerating the transition to EVs and solar.
I don’t think outsiders should tell Elon anything (we have no idea how he really runs Tesla) and insiders better think twice. Anyone who is a self made billionaire making cars and rockets, might, just might know what he’s doing. Just because he doesn’t do things the approved MBA way, doesn’t mean his way is worse.
bdy0627
Active Member
Munster expects non gaap loss of $3.09 (consensus is $2.81). Some other snippets:
"Given Jun-18 will likely be another earnings miss, it will cause investors to question the company’s profitability guidance for Sep-18 and Dec-18. We share the concern around Sep-18 profitability and are modeling for a loss of $3.15 (or $546M). Our expected GAAP loss in Sep-18 reflects a lower gross margin on Model 3 and a more aggressive view on the impact of tariffs."
"Tesla’s goal is to exit August at a run rate of 6,000 Model 3s per week. We’re expecting the company to hit that mark at the end of September. If the company hits 6,000 at the end of September, that would imply an average of 4,300 vehicles per week, up from an average of 2,400 in Jun-18 and 633 in Mar-18. We believe this 80% q/q production increase will increase profit yields, putting them on track for a near 20% Model 3 gross margin in Dec-18."
"As a reminder, on the Mar-18 earnings call, Tesla reduced its Model 3 gross margin target exiting CY18 from 25% to 20%. We expect the company will reiterate that target on Wednesday’s call, but, once again, we are taking a conservative approach and expect Model 3 gross margin at 17% in Dec-18."
"Tariffs will be an important topic on the call, given last week, all of the Big 3 automakers lowered profit guidance, citing rising commodity costs from the tariffs. The stocks were down on average 10% on the news. Even though Tesla recently reiterated that their guidance reflects these tariffs, we think it’s unlikely they have been fully baked in."
Tesla is trying to be the Apple of sustainable energy. To this day, Apple sells around 10-15% of the world's smartphones worldwide yet rakes in 90% of the profits. That's a good position to be in, if you can manage it.
A yearly salary of $ 350K for newly hired Chief Accounting Officer Dave Morton. OK, yes.
But, a sign-on bonus of $ 10M (stock, options, vested over four year, yada yada). F-a-Duck, that’s no small potatoes.
dc_h
Active Member
I think they could stage having Elon do his talk and then let Depak handle q&a and then let Elon talk questions from Gali. People want to hear him talk about the cool stuff and they want the analysts to get the respect that their employers think they deserve and that their media colleagues think they deserve. Sometimes a fight avoided is a fight best won.
bdy0627
Active Member
bdy0627
Active Member
Exactly. Elon should speak about strategic and technological stuff, Deepak on the financial stuff. Win-win. Everybody goes home happy.
I don’t agree.
I’m willing to forfeit three years of stock value appreciation just to let Elon be Elon.
Please let the guy do whatever he deems most effective. Even when it isn’t, it’ll keep him in a position to work the miracles that he does. For himself and for all of us.
JRP3
Hyperactive Member
That would be a reasonable approach but I prefer not giving in to the powers that be. Expose the buffoons for what they are instead of placating them. I expect Elon won't be as aggressive as last time but if he bloodies a few noses again I'm fine with any temporary hit the stock might take.
JB needs to ask for a face-to-face.
bdy0627
Active Member
Yeah, this is pretty pessimistic for Q3. They are expecting tariffs to hit hard along with continued production inefficiencies. If this is even remotely close to what we hear from Tesla, there will be quite the buying opportunity after the ER, especially if Elon retracts the guidance for profits in Q3. I think we could see sub $260s perhaps? Let's see how it plays out. It sure makes it seem exceedingly unlikely there is any sort of pleasant surprise coming for Q3 guidance.
larmor
Active Member
Unless you are buying a home in the bay area... Then you will only be able to eat small potatoes after getting the house...
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