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Tesla's Supercharger Team was recently laid off. We discuss what this means for the company on today's TMC Podcast streaming live at 1PM PDT. You can watch on X or on YouTube where you can participate in the live chat.
Ad hominem attacks aside, You’re completely right that I would be allocating resources towards the higher margin products first. Maybe we should be asking why the ramp up is taking so long, why the CEO thinks the originally promised price will now “kill” the company, why the reliability has...
Model 3 is a luxury sedan? Usually luxury sedans don’t include features like vanity mirrors installed with 2 sided tape and misaligned body panels and other things that legacy automakers figured out by 1980 or so.
Good questions. First, GM reportedly loses money on each one, but that’s OK because they earn billions from the rest of the cars they sell. Tesla doesn’t have that luxury. I have not really dove into it since I have no position in GM. I will say that if you absolutely must have a BEV and...
I noticed Elon’s comment on Twitter today about an update to the Superchargers, anyone know where the capital for this is going to come from? While we’re talking about updates to existing products, when does the battery swap get rolled out, or the solar shingles?
The brakes issue that Consumer Reports noted is not surprising based on the YouTube video where someone went around Laguna Seca and destroyed the brakes. I would expect the P version to have an upgrade
This has been a fun experiment so far. I joined the site, stated my position and the reasons for it and then what happened was very interesting. Most counterpoints involved ad hominem attacks about my education, personal wealth, and professional background. A few contained legitimate points...
I don’t see Tesla building M3s at a scale sufficient to achieve profitability for a sustained period. I understand Elon’s prediction for Q3 and I see the possibility of having an isolated profitable quarter similar to Q3 2016 when they eked out $20 million by selling $140 million of ZEV...
Perhaps Tesla’s biggest asset is the patience of their customers. I know I wouldn’t have anything to do with a new car that immediately goes to a body shop for rework, no thanks.
Ah yes, Q3 2016 a whopping $0.15/share profit, or $21.9 million in total. If I recall correctly, they sold almost $140 million in ZEV credits that quarter. Before and after that quarter, it was massive losses as usual.
The difficulty in obtaining refunds is well documented. What I’m saying they should do is come clean and either give a date for the $35K version or say it’s never coming.
It’s not that we “don’t want to hear it”. It’s that every single Elon prediction about positive cash flow and profitability has proven to be wrong in the past.
Mod: False to the facts, as has been pointed out before. Not acceptable behavior even in your own thread. --ggr
@Reciprocity Are you predicting free cash flow positive in Q2?
I’m forecasting a burn similar to slightly worse than Q1, depending on the developments of Accounts Payable, Deposits, and ZEV credit sales.
My take on the $78K - $82K M3 is someone (probably Deepak) told Elon the Company is in big trouble unless they can get the ASP to move higher. On that point, good for them. If there is a huge demand for those versions of the car, I may need to rethink my short thesis.
On the other hand, how...
Yes, posting these costs as “goodwill” allow an artificially high gross margin calculation. This is why the “Services and Other” segment loses more money as cars delivered increases.
FWIW - I think it’s interesting but doesn’t really affect my short thesis. The more cars they sell, the more...
Using RavagesOfTime’s logic, Jim Chanos and Mark Spiegel and the tens of thousands of other Tesla shorts are really 1 person. I’m so glad to have these types of geniuses as counterparties.
I wouldn’t hang my hat on institutional investors, there’s a lot of passive index funds who don’t have a choice on what they buy or sell. That being said. T Rowe Price adding more shares does surprise me.
Good responses by Reality, I simply don’t have the patience to go point by point anymore only to get jumped on. I stand by my comment that all of those points have some truth to them.
OK, my boss is going to be upset because I’m playing on the Internet, but I saw your charts and couldn’t help myself. Looking at March 2018 total gross margin, I’m questioning why total gross margin is decreasing even though M3 had begun to ramp up. The pattern beginning at the M3 launch...
I guess this thread got slightly off track, but does anyone think a short squeeze is still coming?
IMO the price action from $240 to above $300 earlier this quarter was probably the last one.
I think it’s a combination of labor and parts. To be fair though, it doesn’t affect my short thesis at all. It’s just worth noting that Services & Other should be included along with auto sales and auto leases when analyzing the segment. When you look at all 3 together, it doesn’t matter what...