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Everything that we view as good... the market views as bad:
1. Tesla hedging deliveries to ensure product quality + conservatism
2. Cash spend to ramp up gigafactory and R&D
3. Printed date for Q1 2016 Model 3 Reveal
They guided to 50,000 - 55,000. Some market particpants aren't so happy. As a long term investor in TSLA, this is simply noise to me. None of the long term fundamentals in the company have changed. It's just a confirmation that Musk tends to be too optimistic in the short term. I'll gladly take that fault in exchange for being a visionary! Any significant drop and I'll buy more shares--despite already being loaded with shares.
In February, Elon said "Even if our sales in China were zero this year, I’m still confident we could do the 55,000 cars.”
So now with decent China sales (5000?), 50K-55K is definitely a guide down. May be immaterial long term though.
* The report doesn't mention the Powerwall or Powerpack. I think Tesla might limit Model S and Model X production until the Gigafactory is operational, to give them enough batteries for the Powerwall and Powerpack.
Elon's answer comes from a demand perspective. I don't believe they are guiding down due to demand softness, but production capabilities now that they are deep in X and ramp preparations.
bought more shares at 250 and have a weekly put at 262.5. I like to think i played this fairly well. tomorrow will be interesting (and im sure a little more later tonight)
Is this thread popular at the moment? :biggrin:
You have to be bi-lingual. You need to read this in the calm even perspective of a long term investor/believer and conclude, yes this is perfectly fine and as expected. And at the same time reading it in the frenzied mind of a young investor who got in at 270 planning on zooming to 290 and is freaking out.
Elon's answer comes from a demand perspective. I don't believe they are guiding down due to demand softness, but production capabilities now that they are deep in X and ramp preparations.
Is anybody else surprised that they are only expecting about 11.5K deliveries for Q3? I was thinking closer to 13K