i can agree with the stock dropping, because of a lack of confirmation on profitability. but you can blame that on the SEC lawsuit. notice how threadbare the q3 delivery report was? only deliveries were reported, and nothing else. TSLA has taken the lawsuit to heart, and us long term holders should too. don't try to trade this, and just let the deliveries and earnings calls speak for themselves.
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i can agree with the stock dropping, because of a lack of confirmation on profitability. but you can blame that on the SEC lawsuit. notice how threadbare the q3 delivery report was? only deliveries were reported, and nothing else. TSLA has taken the lawsuit to heart, and us long term holders should too. don't try to trade this, and just let the deliveries and earnings calls speak for themselves.
Your failure to see that Tesla is financially self-sustaining shows that you don't understand financial analysis. At all.
It's very simple. In an economies of scale business, there are fixed costs.
You make money on each car you sell. In order to make a profit, you must sell enough cars to cover your fixed costs.
If you sell fewer cars than that each month, you make a loss. If you sell more, you make a profit. This makes the firm financially self-sustaining.
It is straightforward to calculate how many cars Tesla needed to sell each month to make a profit. They are making more than that number of cars now.
The number of cars needed could have been predicted before the company was founded, and in fact many of us did calculate it back then, and it hasn't changed.
Mandatory morning dip. Bulls have learned to buy after the MMD, since it's so predictable.
If it keeps going down all day, this indicates more aggressive market manipulation.
I'm not currently in a position to buy more, but if this keeps up long enough, I will. So will many many others.
TheTalkingMule
Distributed Energy Enthusiast
This is making me feel a lot better about not getting my call purchases in before last weekend. Drift down to $280 and sit there for a week please.
Buckminster
Well-Known Member
284!!!
TSLA should be renamed "Tiger" - a suppressed caged tiger that is gonna do some damage when it escapes:
TSLA should be renamed "Tiger" - a suppressed caged tiger that is gonna do some damage when it escapes:
X Fan
Active Member
Dan is referring to SOUTH Florida. Us northern Floridians are just as hillbilly as our Georgian brethren.
Well then, Southeast FL to be specific....SW FL is much different than FL East Coast
You seem to be ignoring simple math. Until the cash balance (excluding customer deposits) stops declining each quarter (absent new loans or equity raises) the company is NOT self-sustaining. So the FACT is Tesla is not yet a self-sustaining company. That may indeed change after we see the Q3 financials but as of today, from known data, Tesla is not yet "self-sustaining".
Simply selling more cars does not automatically translate to increased profits. In economics there is the Law of Diminishing Returns. What it means is that after a certain point increased sales actually hurt profits by pushing costs much higher.
I believe we could see this in the Q3 numbers. The extra staff, use of expensive enclosing shipping trailers, storage lots, lots of rejected units, etc. began reducing profitability at a point in Q3. The infrastructure at Tesla is not ready or capable of much more than it achieved in Q3 without large additional investments.
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$TSLA short interest: 32.39 million shares / 25.4% of float / $9.55 billion at risk. Down 4.1% on a shares shorted basis, and 9% on a notional exposure basis since Monday's close. #3 US short behind AAPL ($9.9 bill) & AMZN ($9.67 bill) @S3Partners @ihors3 http://shortingtesla.com
Matthew S Unterman on Twitter
Matthew S Unterman on Twitter
Investors with this mindset never make money. If you cannot see the future (let alone a few months into the future), you will only buy highs and sell lows as you react to news and real-time circumstances.
All these small dips are simply noise. The long-term vision of the company is clear. That thesis has not changed. The short-term is looking pretty awesome regardless of how many pessimists are shorting right now.
anthonyj
Stonks
Dan Detweiler
Active Member
Yeah, but I hear the nagging with that system is the WORST!Well, that's just a further argument to buy Karenpilot. It will never engage if the driver is at all distracted. Of course, it'll never engage at all, but based on the way CR did their rankings, that only makes it lose marks in one category out of five
Dan
Sorry to be pedantic, buy Dr. Benjamin Spock was the author of one of the most well-know books on child-care: https://www.amazon.com/Spocks-Baby-...ds=dr+spocks+baby+and+child+care+10th+edition
Mr. Spock, on the other hand, is a character from the science-fiction series, Star Trek, where he's well-know for a lack of human emotions and for acting "logically".
Dr. Spock?!?! Living with all the shorting and lies for years is one thing, but confusing the most famous/accomplished Vulcan in recent (well, future) memory with a discredited child care expert...
I think I'm going to have to delete my account.
Fact Checking
Well-Known Member
No, I only have speculation to offer, based on how it was characterized in conference calls, the fact that Elon took responsibility, and the departure of the exec in charge shortly after it became public.
I believe the distrust in contractors and the scrubbing of barnacles was also, in part, motivated by this experience: Tesla almost got destroyed by a contractor, why pay a premium and outsource a core competency such as battery module assembly?
Another consequence was the purchase of Grohmann - never again does Elon want to rely on non-Tesla companies for the critical path of expansion. "Only the paranoid survive."
So IMO the most probable explanation for their battery module assembly line troubles in GF1 was a bog standard scenario: a software project bit by the 90% rule of software engineering: the first 90% of code accounts for 90% of project time, the remaining 10% accounts for the other 90%. Tesla noticed this too late, thus the ultimate responsibility was Tesla's.
Elon is probably also embarrassed about it, they did the impossible at SpaceX by creating a full avionics stack from grounds up using mostly commodity hardware and Linux, brought back rocket boosters from space (in a single piece) and then Tesla's Alien Dreadnought gets bitten by the fricking 90/90 rule?? Ouch ...
Here is how I think next months will play out for Tesla
Full $7500.00 credit available until end of the year, I do not see demand slo
Other company can claim their Level 2 Autopilots is better, May be true at the moment but Tesla only use few available resources (Camera) for current Autopilot, Once higher version of software comes out they will leap frog everyone else.
As for full Autonomy, Tesla approach is totally different from Waynmo and GM cruise, Tesla don’t want to go geo- fencing Route.
Full $7500.00 credit available until end of the year, I do not see demand slo
Other company can claim their Level 2 Autopilots is better, May be true at the moment but Tesla only use few available resources (Camera) for current Autopilot, Once higher version of software comes out they will leap frog everyone else.
As for full Autonomy, Tesla approach is totally different from Waynmo and GM cruise, Tesla don’t want to go geo- fencing Route.
Could you please remind us again which number (or, more likely, range of numbers) was that?
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