I'm hoping someone can save me time here. There is this line from the Q4 2014 shareholder letter:
"The average selling price of Model S increased during the quarter, but not as much as expected given the late introduction ofP85D, the effect of the strong dollar on foreign sales, and the deferral of revenue related to additional Autopilot functionality thatwill be implemented in future software releases."
Is this a non-GAAP deferral? Since Autosteer was released in October will this affect earnings for Q4?
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The thing is that is $60 million if the deferred $1,000 per car for Autosteer and recognize it is Q4 on 60,000 cars. That would make quite a mark on non-GAAP earnings if it was deferred from there previously.
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I completely give up. For now I will have to assume this is only a GAAP deferral. Unless someone has evidence to the contrary. Oh well.
"The average selling price of Model S increased during the quarter, but not as much as expected given the late introduction ofP85D, the effect of the strong dollar on foreign sales, and the deferral of revenue related to additional Autopilot functionality thatwill be implemented in future software releases."
Is this a non-GAAP deferral? Since Autosteer was released in October will this affect earnings for Q4?
- - - Updated - - -
The thing is that is $60 million if the deferred $1,000 per car for Autosteer and recognize it is Q4 on 60,000 cars. That would make quite a mark on non-GAAP earnings if it was deferred from there previously.
- - - Updated - - -
I completely give up. For now I will have to assume this is only a GAAP deferral. Unless someone has evidence to the contrary. Oh well.