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"Gigafactory 2 in Buffalo, New York"
I'm starting to think the pundits are right - the more cars Tesla sells, the more they lose. People seem to be happy that revenues increased to record levels. How, exactly is that a good thing if they just keep losing more money as they increase revenue? I guess this explains why they hardly built a supercharger the first quarter - it would have just made this loss even worse.
I'm also realizing that the experts posting here and only experts in their own mind. People that love to hear themselves speak and truly believe they know everything.
So, let's see how many people are going to stand up and say, "I was dead wrong about earnings this time and I have no credibility going forward."
I'm starting to think the pundits are right - the more cars Tesla sells, the more they lose. People seem to be happy that revenues increased to record levels. How, exactly is that a good thing if they just keep losing more money as they increase revenue? I guess this explains why they hardly built a supercharger the first quarter - it would have just made this loss even worse.
I'm also realizing that the experts posting here and only experts in their own mind. People that love to hear themselves speak and truly believe they know everything.
So, let's see how many people are going to stand up and say, "I was dead wrong about earnings this time and I have no credibility going forward."
I'm starting to think the pundits are right - the more cars Tesla sells, the more they lose. People seem to be happy that revenues increased to record levels. How, exactly is that a good thing if they just keep losing more money as they increase revenue? I guess this explains why they hardly built a supercharger the first quarter - it would have just made this loss even worse.
I'm also realizing that the experts posting here and only experts in their own mind. People that love to hear themselves speak and truly believe they know everything.
So, let's see how many people are going to stand up and say, "I was dead wrong about earnings this time and I have no credibility going forward."
Pundits put all losses in the cars. Ignore that the cars do sell at a profit. They ignore all the capital investment being made to support the new business coming. You cant build 500K Model 3s starting with no investment.I'm starting to think the pundits are right - the more cars Tesla sells, the more they lose. People seem to be happy that revenues increased to record levels. How, exactly is that a good thing if they just keep losing more money as they increase revenue? I guess this explains why they hardly built a supercharger the first quarter - it would have just made this loss even worse.
I'm also realizing that the experts posting here and only experts in their own mind. People that love to hear themselves speak and truly believe they know everything.
So, let's see how many people are going to stand up and say, "I was dead wrong about earnings this time and I have no credibility going forward."
Things I like:
-Model 3 still on track for July. Schuler press is in and being tuned. We get more detail in the letter than we've had in the past (IIRC) on specifics: "Model 3 activities related to vehicle development, manufacturing equipment installation and supplier readiness remain on plan to start production in July." Specific call-out that the press will not be a hold-up for July.
-Reiterate 5,000/week in 2017 and 10,000/week in 2018 guidance.
-Opening Tesla body shops, and expanding 3rd-party certified body shops.
-Reiterating 2017 doubling of supercharger/destination charger counts. Reiterate 00 new retail/delivery/service locations in 2017.
-Continuing to offer achievable outlook guidance--47k-50k vehicles in 1H, meaning 22k-25k in 2Q.
Things I'm not ecstatic about:
-Bigger-than-expected loss
-Energy generation/storage are both down vs Q4 (150 MW / 60 MWh vs 201 MW / 98 MWh). I understand the logic (choosing higher-margin projects), but this is the opposite of expansion that we're all hoping to see. Further, the big Kauai project isn't actually fully online yet. "Final testing on the KIUC project will be completed very shortly." So of that 60 MWh, at most 8 MWh is fully complete.
-No ZEV revenue, and lower NCI than I believe we had been expecting. Combine those with the small energy #s and we get a bigger-than-expected loss despite the record deliveries.
Things I'm unclear on:
-Why do they list a $26 million warranty reserve hit for the Takata airbag recall? Wouldn't this be on Takata? Or is this just an interim reserve while the replacements are processed before Takata pays up?
All in all, it's a fine report for the long-term in that they are hitting the far-and-away #1 priority of getting Model 3 out in some quantity in July and preparing to quickly ramp it (as opposed to what I'll charitably call 'Model X-ramp it'). But those lottery calls I bought an hour ago? Yeah; they're going to zero.
i can't believe stock is not down more, must be as people have said - model 3 being on track trumps everything else.
my estimates were totally off. definitely not 2013 all over again.