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MitchJi
Trying to learn kindness, patience & forgiveness
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In its third quarter letter to shareholders, Tesla said “the Gigafactory remains on track to begin cell production later this year.”
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Musk has said that he expects the fourth quarter to be profitable. It will be the first earnings period that includes SolarCity Corp., the solar-panel installer it bought for $2 billion.
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Musk surprised investors in October by saying Tesla didn’t need to raise equity or borrow money this quarter, when some analysts were projecting it might soon need $2.5 billion to cover the company’s ambitious growth plans.
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Did Tesla meet it's goal of cell production this year?
There's a connection between two and three. I think that this time a great quarter will produce a nice SP bump.
racer26
Active Member
So what do we all think this event is gonna show?
My guess is a running cell production line and PowerWall2 assembly, to start deliveries immediately - exactly when they said they would two months ago.
Elon said that Model 3 Part 3 would be likely in March or April back when we first heard about this event, so I'm guessing that Model 3 won't play a big role here (other than possibly another outing for the alphas and talking about how cell production at GF is further evidence that we're on track for a late-2017 launch of 3).
CALGARYARSENAL
Member
We have seen this pattern a few times in the past. Tesla fights like Mike Tyson every second of the day and ends up being one of only 3 green Nasdaq stocks for the day......... And then the following day it tanks. This is pure manipulation. CalgaryArsenal listens to the great traders and will sit on his hands.
And yet when it happens, the market will still be "surprised". Never mind that all the signs were there and Elon kept telling everyone what he was going to do along the way. And it still baffles me how bear analysts completely disregard Tesla Energy from the equation. They still make their arguments as if Tesla is just a car company.
JRP3
Hyperactive Member
racer26
Active Member
Despite evidence that TE is in fact shipping product already.
Compared to cars, assembly of Powerwall and Powerpacks are simple (and therefore cheap), and so should be relatively high-margin.
They haven't been thus far... relatively high margin. I don't know why, but they haven't been. It could be that production volumes have been far too low, so the fixed costs dominate too much. But at volume, yes, PowerWall and PowerPacks should have excellent margins. Hopefully we will get better clarity in the coming days and months.
racer26
Active Member
Thus far we haven't seen any financial results since the release of the second generation hardware. The handful of Powerwall1s delivered (mostly in Australia) would be low-volume, and supporting the fixed costs of GF - a tall order on their own. Powerpack deliveries (of either generation) didn't seem to start in earnest until 4Q16 was already underway, so I'm guessing we see mediocre margins on TE in 4Q16, with guidance to big margins from it for 1Q17 when PowerWall2's are supposed to start shipping, and will be the dominant product in the market, by virtue of being ~50% cheaper than the nearest competitor.
That's a good question. I have not yet seen any reports that it did. Maybe Jan 4th is the event to announce/showcase this.
I was toggling Tesla website for powerwalls across different countries. I found the "Installations begin" time-frame to be interesting.
US/Canada - Jan
Australia/Germany/UK - Feb
Japan - Spring
Mexico - Summer
China/Hong Kong - No time frame
If they stay true to the timeline, we should see some revenues starting from Q1 itself and hopefully it's ramped enough by Q2 to start delivering a positive cash flow.
dennis
Model S Plaid
And what about the 5.6 million job openings in the U.S. for skilled and semi-skilled labor? Seems like displaced coal miners and assembly line workers could seek out retraining programs and then fill some of those positions.
5.6 Million Reasons to Stop Ignoring the Skills Gap
racer26
Active Member
Electrek coverage of Jan4 GF event: Tesla CEO Elon Musk to participate in Q&A at a Gigafactory event for investors next week
Sounds like we get remarks and Q&A with Elon + JB, plus factory tours.
Sure sounds to me like there is cell production and PowerWall2's ready-to-install to show off. If you're in TSLA management shoes, would you invite investors to see the inside of yourpotemkin village factory if you didn't?
I think its really a case of TSLA wanting to show off that they can in fact execute something on exactly the advertised schedule.
Sounds like we get remarks and Q&A with Elon + JB, plus factory tours.
Sure sounds to me like there is cell production and PowerWall2's ready-to-install to show off. If you're in TSLA management shoes, would you invite investors to see the inside of your
I think its really a case of TSLA wanting to show off that they can in fact execute something on exactly the advertised schedule.
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Mike Smith
Active Member
This news should cause an immediate bounce for tsla. I was starting to wonder if gigafactory was delayed since there had been no recent mention of the Jan 4 event and I'm guessing a lot of other investors were as well.
racer26
Active Member
I was thinking Tesla had been awfully radio-silent since the SCTY acquisition. I think they're trying to line up a big surprise.
larmor
Active Member
Or maybe they will just have unicorn rides inside that massive building?
I know this is a bit of an aside - but notch another ding against Faraday.
Another shake-up at Faraday Future, as ‘global CEO’ departs
Another shake-up at Faraday Future, as ‘global CEO’ departs
racer26
Active Member
Is it so much to ask that your clickbait article title (derived from one line in the article and completely opposite to the rest of the article) at least have some real data behind the assertion?
Tesla Motors Inc (TSLA): Tesla Motors Model 3 Shipments Likely to Fall Short in 2017, Says KGI
Tesla Motors Inc (TSLA): Tesla Motors Model 3 Shipments Likely to Fall Short in 2017, Says KGI
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