I can't wait for investor call...congratulations to all super duper LONGS!
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They state it's due to lower cost options on NAmerican cars, so that's logical, but will be offset by further efficiency gains.
Once Europe starts deliveries, margin will increase again.
sweter
Member
"We expect to start taking orders in Europe and China for Model 3 before the end of this year. "
THIS!!
THIS!!
Option_Sniper @option_snipper
Option_Sniper Retweeted Option_Sniper
$tsla already at 318 now. strong resistance above are 321 327 331. if it can clear 331, gonna trigger huge short squeeze into 355 372 possibly 387 again. but let's see if it gets through 321 first.
Option_Sniper Retweeted Option_Sniper
$tsla already at 318 now. strong resistance above are 321 327 331. if it can clear 331, gonna trigger huge short squeeze into 355 372 possibly 387 again. but let's see if it gets through 321 first.
this is the best possible way for them to repay the notes. In cash rather than stock.
JRP3
Hyperactive Member
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
This is just such a nice way of putting it (ending paragraph of the letter):
As we have transformed from a 100,000 per year unit carmaker into a ~340,000 unit per year carmaker, our earnings profile has flipped dramatically. Sufficient Model 3 profitability was critical to make our business sustainable – something many argued would be impossible to achieve. Due to the ingenuity and incredible hard work of our team combined with an innovative vehicle design and manufacturing strategy, we have achieved total auto gross margin of ~25%.
As we have transformed from a 100,000 per year unit carmaker into a ~340,000 unit per year carmaker, our earnings profile has flipped dramatically. Sufficient Model 3 profitability was critical to make our business sustainable – something many argued would be impossible to achieve. Due to the ingenuity and incredible hard work of our team combined with an innovative vehicle design and manufacturing strategy, we have achieved total auto gross margin of ~25%.
So you missed this: "Model 3 quarterly production and deliveries should continue to increase in Q4 compared to Q3."
Joe F
Disruption is hard.
I have an eye Dr appt at 6 PM. Weighing cancelling and risk vision loss in order to listen to the 6:30 call instead.
Decisions, decisions...
Decisions, decisions...
Mokuzai
Member
Ulmo
Active Member
Remember that holiday construction, factory, office, sales, and service work usually slows down for Christmas and entering the colder months. All I see is the first paragraph under "Outlook": "Model 3 quarterly production and deliveries should continue to increase in Q4 compared to Q3. Our target of delivering 100,000 Model S and X vehicles this year remains unchanged.".
Well technically at these levels they can’t pay it off with the stock conversion. And selling more stock to pay would be worse than taking new debt at a higher rate. I think they MAY be able to leverage this all into a roll of the debt with a better negotiating position and decent rates.
"We expect to start taking orders in Europe and China for Model 3 before the end of this year."
DragonWatch
Small FootPrint
After hours ~ 2140 (10:40 pm) Venice, Italy TSLA up $25.50 and I cannot even speak Italian
Holy banana boats ~ $28.93 ~ I may be able to see that missile in the night sky here at any time
Holy banana boats ~ $28.93 ~ I may be able to see that missile in the night sky here at any time
sweter
Member
Ulmo
Active Member
Why would they need to roll the debt forward? They have enough cash to pay it off now, they will have even more after Q4 and the beginning of 19Q1.
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