MacRocket
Faster than Falcon 9
Fighting FUD with facts might be helping SP
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Fighting FUD with facts might be helping SP
Dan Detweiler
Active Member
I would but it looks too much like an IRS form. Ughhh...gives my the willies! LOL!
Dan
Better analyst questions on future calls.
Dan Detweiler
Active Member
Well they haven't done anything yet. Besides, Elon said that they wouldn't NEED to raise capital. He never said that they might WANT to if a particularly meaty project came along that would put them in a much better place in the long run.
Dan
I suspect the CNBC paragraph on Tesla is Tesla referring to possible capital raise in the distant future when Model Y ramps, etc... Of course, media puts their spin on it
Preferably not. I simply posted it there for others to read and didn't plan to offer my opinion on it. For once you should try to read something yourself and not rely on the help of other people. Just give it a try, it's not that hard ... i know you can do it, if you really try.
Cheers,
YasB
Why translate ?
Read the important part:
"Our production plan for Model 3 is based on many key assumptions, including:
If one or more of the foregoing assumptions turns out to be incorrect, our ability to meet our Model 3 projections on time and at volumes and prices that are profitable, demand for and deliveries of Model 3, as well as our business, prospects, operating results and financial condition, may be materially and adversely impacted."
Read the important part:
"Our production plan for Model 3 is based on many key assumptions, including:
- that we will be able to complete ramping high volume production of Model 3 at the Tesla Factory without exceeding our projected costs and on our projected timeline;
- that we will be able to continue to expand Gigafactory 1 in a timely manner to produce high volumes of quality lithium-ion cells to be integrated into battery modules and finished battery packs and drive unit components for Model 3, all at costs that allow us to sell Model 3 at our target gross margins;
- that the equipment and processes which we have selected for Model 3 production will be able to accurately manufacture high volumes of Model 3 vehicles within specified design tolerances and with high quality;
- that we will be able to maintain suppliers for the necessary components on terms and conditions that are acceptable to us and th at we will be able to obtain high-quality components on a timely basis and in the necessary quantities to support high-volume production; and
- that we will be able to attract, recruit, hire, train and retain skilled employees to operate our planned high volume production facilities to support Model 3, including at the Tesla Factory and Gigafactory 1.
If one or more of the foregoing assumptions turns out to be incorrect, our ability to meet our Model 3 projections on time and at volumes and prices that are profitable, demand for and deliveries of Model 3, as well as our business, prospects, operating results and financial condition, may be materially and adversely impacted."
Normal practice to write everything in such documents with a disclaimer.
They do not rule out cap increases contrary to what EM said:
"We continually evaluate our capital expenditure needs and may raise additional capital to fund the rapid growth of our business."
Page 40 of 10Q
"We continually evaluate our capital expenditure needs and may raise additional capital to fund the rapid growth of our business."
Page 40 of 10Q
Like i said, estimating future EPS for investment decisions is (the only?) way to invest your money, no argument there. The original poster even said that much in his follow up, only his initial post didnt have that disclaimer and made it seem that he does not care about EPS at all, which is foolish imo.
Dan Detweiler
Active Member
10-k is only existing/ contract/booked amounts right? So if there is a massive deal in the works, Elon could know about incoming monies that are not yet on the balance sheet.
Or am I off base?
Krugerrand
Meow
And you didn’t see the contradiction in those two statements, did you?
Krugerrand
Meow
No. Elon specifically stated he did NOT want to do a cap raise.
Etna
Member
This text has been present in all prior 10-k releases, it is part of the boilerplate stuff. Now suddenly you see this as big news. Come on...
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