TSLA Market Action: 2018 Investor Roundtable

[ZenMan]

http://ir.tesla.com/static-files/7235e525-db16-470c-8dce-9ecac0ad7712

 

[pz1975]

Already posted.

 

[RobStark]

Sure, but if the Model 3 is able to peel off 10% of Camry, Accord, and many other midsize sedans, that is a huge chunk of demand beyond the premium segment.

In general if half the people that can afford a Model 3 and intend to purchase a midsize sedan buy a Model 3 that is way more than Tesla can manufacture for the foreseeable future.

 

[omarsultan]

Letter is posted: http://ir.teslamotors.com/static-files/7235e525-db16-470c-8dce-9ecac0ad7712

 

[ZenMan]

Tesla Second Quarter 2018 Update  Q2 Automotive gross margin increased to 20.6% GAAP and 21.0% non-GAAP  Model 3 gross margin turned slightly positive in Q2, expecting roughly 15% in Q3  Expecting to produce 50-55k Model 3s in Q3; deliveries should exceed that  Major cost restructuring executed in Q2  $2.2B of cash and cash equivalents at Q2-end, expected to grow in Q3 and Q4  Capex projection in 2018 adjusted to <$2.5B

 

[RobStark]

http://ir.tesla.com/static-files/7235e525-db16-470c-8dce-9ecac0ad7712

"$2.2B of cash and cash equivalents at Q2-end, expected to grow in Q3 and Q4"

ha ha ha at bears that said Tesla's cash position would dip below $1B.

 

[UnknownSoldier]

$4.22 per share loss

BRB running to The Home Depot for some $ROPE

 

[lklundin]

I think it originated here Docs Reveal: Tesla’s Production Capacity Limited To Less Than Half Of Its 500,000 Vehicle Target

The one thing that author knows about is predicting Tesla's imminent bankruptcy. He has been doing it for many years now. Maybe he is among those who hope for a self-fulfilling prophecy.

 

[NicoV]

Elon needs to say only one thing: ‘as of date x, we reached the cash flow break even point’ meaning that Tesla’s cash position will go up from day x (I’m defining cash flow here as change in cash position). I hope date x was sometime in july, not sometime in september.

Thank you Elon: “Model 3 gross margin turned slightly positive in Q2, expecting roughly 15% in Q3
$2.2B of cash and cash equivalents at Q2-end, expected to grow in Q3 and Q4 Capex projection in 2018 adjusted to <$2.5B”

 

[Tslynk67]

Well, one thing for sure, I see no risk whatsoever of bankwupcy at this stage

 

[Ulmo]

Only 18 cents more loss than expected according to Dow Jones Newswires.

Also, I'm pretty amazed at how this closely watched estimate came out so close to right:

 

[ZachShahan]

I think it originated here Docs Reveal: Tesla’s Production Capacity Limited To Less Than Half Of Its 500,000 Vehicle Target

Ah, I kept following but started ignoring those guys around that time. Too much nonsense.

 

[Tslynk67]

It all looks pretty +ve to me - even saying than they don’t expect a hit from the tarring wars.

Maybe I read too quickly, but I didn’t see anything about reservations?

 

[mikevbf]

Now base model 3 at end of this year not sometime next year: "we plan on launching our new Model 3 sedan later this year at a base price of $35,000 that we expect to truly propel electric vehicles into the mainstream." (bold emphasis added)

 

[Bobbyducati]

no surprises on the call please! looks like ill be rolling my covered calls forward

 

[Open Interest]

CNBC focuses only on negatives, though one analyst was happily surprised by cash position. Another lamented lack of profits which were promised in second half not seeming to realize these results are for first half

 

[tinm]

Price after hours just passed 310

oops 311.

oops 312.

oops 313!

oops 314!!!

'oops 315!!!!!!!!!

 

[Jayjs20]

Quit jinxing it

 

[TrendTrader007]

THANK YOU FOR SHORTING
i have the most incredible story to tell

 

[Open Interest]

Bull and Bear debate coming up on CNBC, should be interesting. Conference call could be brutal, hoping for no surprises. Hope EM is prepared to answer lawsuit questions with authority. $313 now. GLTA!!!