Too soon? With 50,000 cars projected in the first half and TE showing 130 million in Q4 revenue and projections for faster growth from TE then TA, what is Q1 looking like?
I think Q1 deliveries are likely around 25,000, but production is likely possibly below 25,000 due to 2-3 weeks of down time for Model 3 preparation. Assuming TE has much faster growth then TA, I would expect a minimum of $200 million in TE revenue, and leaving the quarter on pace of closer to $500 million in quarterly revenue. They can also recognize $8000 for about 20,000 Q4 cars in Q1 or $160 million. That gets revenue up to about 3 billion and again allows Tesla to end the quarter up another 500 million in cash balances, in spite of accelerated capex.
Personally I thought Q4 was the highest risk quarter of the year. So ending Q4 up $300 million is amazing.
I think Q1 deliveries are likely around 25,000, but production is likely possibly below 25,000 due to 2-3 weeks of down time for Model 3 preparation. Assuming TE has much faster growth then TA, I would expect a minimum of $200 million in TE revenue, and leaving the quarter on pace of closer to $500 million in quarterly revenue. They can also recognize $8000 for about 20,000 Q4 cars in Q1 or $160 million. That gets revenue up to about 3 billion and again allows Tesla to end the quarter up another 500 million in cash balances, in spite of accelerated capex.
Personally I thought Q4 was the highest risk quarter of the year. So ending Q4 up $300 million is amazing.