I don't always trust others for investing wisdom, but when I do, I trust the biggest douchebag on Earth.
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I don't always trust others for investing wisdom, but when I do, I trust the biggest douchebag on Earth.
Exactly -- is Elon conflating sales with production?
Nice catch. TSLA and AMZN have been swinging somewhat in tandem this afternoon and inversely to AAPL. Some speculators may have been pulling some of their cash out of TSLA and AMZN to put into AAPL as a play before its earnings announcement.
I take it to mean deliveries are lower in the first 6 weeks of a quarter because of the extra time shipping to east coast and internationally.
No. InsideEvs reported sales. Cars on transports to the east coast cannot be sold till they get there. Therefore sales are down at the beginning of the quarter irrespective of production rate.
Edit: and Elon is indicating the sales numbers themselves are off
dandurston
Member
They do. Elon is saying that they since they switched from producing cars for California (late September) to East Coast (October) there is going to be a gap in deliveries due to the longer transit time, even though production is humming away steadily. So deliveries are lower than production early in the quarter, and then greater than production later when all of these cars are showing up at customers at the same time.
I don't always trust others for investing wisdom, but when I do, I trust the biggest douchebag on Earth.
@MikeC -- exactly. Model S and X deliveries are almost always much lower in the first two months of the quarter than the third month because much of the production is in transit. The same phenomenon happens with Model 3 but to a lesser extent because even though there are no international deliveries yet (except Canada), there are vehicles in transit to the East Coast, the Midwest, Canada, etc.
The more relevant comparison is July, the first month of Q3. According to insideEVs, Tesla delivered about 3500 more Model 3s in October than July (17750 v. 14250), plus similar S and X. So deliveries are off to a much stronger start in Q4 than Q3.
For some reason, insideEVs has decided to spin these numbers as negative when they are clearly positive.
The more relevant comparison is July, the first month of Q3. According to insideEVs, Tesla delivered about 3500 more Model 3s in October than July (17750 v. 14250), plus similar S and X. So deliveries are off to a much stronger start in Q4 than Q3.
For some reason, insideEVs has decided to spin these numbers as negative when they are clearly positive.
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Is he always this unhappy?I don't always trust others for investing wisdom, but when I do, I trust the biggest douchebag on Earth.
I have only skimmed his "articles" on SA...can't get very far before I break down laughing.
X Fan
Active Member
+1.
We should not fool ourselves that it’s only one party that doesn’t want Tesla to succeed. CT, NY Ca, Oregon leaders are solidly Democratic and drivers of this attack.
Sadly, union interests usurps what’s right for the World and clearly for the Democratic Party. Of course, Republicans have oil\gas interests as their driver and perhaps dealer lobby.
Elon should just get on with the two new Board Members, find a solid Chairman and just ignore the flack.
Btw: doesn’t surprise me that Business Insider conveyed this.
Btw2: lol typing accurately when on elliptical.
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Fact Checking
Well-Known Member
This is also why their July sales were slower - then things accelerated in August and September.
Todd Burch
14-Year Member
That's the "uh-oh, whoopsie-doodles, oops, I'm shorting TSLA" face.
Anecdotal evidence supports this claim. My M3 AWD is expected to be delivered to MA on 11/24 after 3 months wait
Lots of other deliveries are being reported out of Dedham.Anton is my most hated short and he is a friend of a friend. A connection I didn't figure out till just recently. I've been stewing on how to do something useful/trollish with that.
First step is our mutual friend will be getting a Tesla. Screw you Anton.
Carl Raymond
Active Member
Interested in your thoughts on the change in pattern since Tuesday lunch time. The deep plunges are gone. Did the short sellers give up?
bdy0627
Active Member
Part of it is likely the substantial market bounce that occurred over the same time frame. That has made it more difficult on shorts hoping to manipulate the share down. Once the lower low/lower high day from Tuesday was negated, shorts probably did back off.
EVNow
Well-Known Member
If this were the case Dems wouldn't be losing so many elections. Dems abandoned unions a long time back. That's why non-college educated white men have been voting more and more Republican.
Buckminster
Well-Known Member
Up 37.4% in 3 weeks - an appropriate time for an old favourite:
They're probably covering. Their narratives are beyond flimsy now and it's apparent even from them that they're just trying to cover as elegantly (lol) as possible
ZachF
Active Member
A larger percentage of the cars produced will be in transit during the beginning of the quarter, thus making sales seem lower.
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