CNBC's Gasparino is reporting Musk has lawyered up for an expected confrontation with the SEC.
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MTL_HABS1909
Active Member
We are 2 months into the quarter. Elon had aimed for 6K/week by end of August. I’m just pointing out that they are behind where I expected them to be.
MTL_HABS1909
Active Member
People also said that about the 11K in transit at the end of Q2. If there were 11K in transit, why have there only been 14K and 17K sold the last 2 months. I was expecting higher numbers.
davecolene0606
Member
jhm
Well-Known Member
I'm not seeing how those are connected. Are you assuming they have 0 in transit right now? Also, AFAIK, those are US numbers only.
Short term stock could do whatever, but it’s inspiring to know Unofficial very good numbers on Model 3 for August, close to 18 K, plus delivery in Canada, Tesla will have no problem meeting or slightly exceeding Q3 estimates, media drama on any given days is just a noise.
davecolene0606
Member
I say at least 10k in transit for September delivery.
Tesla would really have to take some large, non-obvious writedowns to not beat consensus.
While Musk may be paying some personal fines, I can't see anything on the horizon which would really hammer Tesla's costs.
MTL_HABS1909
Active Member
Firstly almost none have been shipped to Canada in the last 2 months. Secondly, I was just pointing out that if 11K were in transit at the end of Q2 and only 14K sold in the first month of Q3, it implies that not many more were built/shipped in that month. People get so defensive whenever valid points are raised. Seems the market is underwhelmed with the 17K deliveries as well.
How does that imply that? You don't have the information to say that. There could be 30k in transit... There will likely never be less than 10k Model 3s in transit again. (And that number will increase as they ramp production.)
Consensus Beat does not matter as long as we have a childish CEO. First get things right personally
I've also come to the conclusion that there will probably be 10K+ cars in transit every quarter-end for the forseeable future.
The incentive was terminated on July 11, which meant those who got the car before July 11 were eligible anyway, the wind-down did not affect those. The wind down period of 2 month was setup such that those who "ordered" a vehicle before July 11 and the vehicle was delivered and plated before Sept.10 would still be eligible. Tesla was originally excluded (unfairly) from this wind-down and they have filed a law suit for discriminatory handling and won. So the ruling of the judge affected those Model 3 purchases that were ordered prior to July 11 and delivered between July 11 and September 10, according to the Toronto Star article this number was about 600.
Why were you expecting higher numbers? This is in range with the guidance from Tesla.
davecolene0606
Member
With due consideration to WS antics, Musk being fined seems as though it should be a low chance. But seeing the dog pile on him it will be interesting to see the SEC taking action here whilst ignoring all else.
Fire Away!
Dan Detweiler
Active Member
If you mean he has hired legal counsel when you say "lawyered up" then yeah, so what? That's the prudent thing to do when you are being attacked incessantly in the courts and anywhere else where people think they can take advantage of you. Smart move.
Meanwhile in relevant news, production, deliveries, satisfied customers are all on the rise. How are those legacy numbers looking?
Dan
jelloslug
Active Member
Because there are still 11k (or more) in transit. When you take some out of one end of the transit pipe, more get pushed in the other side.
yep, i’ve been working on moving contracts around for the last 8 months taking profits here and there...couple losses too.
but the screwball (basically the whole month of august) thrown at us really f’ed up my game. i mean, we expect some big league curves, but i just couldn’t hit that pitch. so i’m trying to swat fouls until i could position for a good strike again
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