People will be driving a Plaid Cybertruck by the time the HummerEV comes out
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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People will be driving a Plaid Cybertruck by the time the HummerEV comes out
Mo City
Active Member
You will probably win that bet. No doubt in my mind the Hummer EV timeline is a big stretch. I'm not totally convinced it will ever deliver.
A very nice pic of a Model Y from the new paint shop in Shanghai
Yeah I can't go there. I'm a Dave, Rob, and Steven kind of guy. lol
In other news I'm sorry but I can't not share this.
StealthP3D
Well-Known Member
Maybe, maybe not. It's hard to compare the two since the Cybertruck will ramp steadily once the first few come off the production line while the HummerEV is only planned for a few to come off the production line. It's more of a development platform with no business case. They will just make and deliver a few so they can claim they did.
The contest should be who will make the first, say, 10,000 trucks. And with that I would give 100 to 1 odds it's Tesla with the Cybertruck. A couple hundred handmade Hummers don't count for squat.
Fun facts:
The Hummer H1 was in production over a 15 year period (1992-2006)
Total production was 11,818 in 15 years
In Q4 2017 and Q1 2018 (Model 3 "production hell") Tesla produced more 3's in two quarters than the entire 15 years of H1 production. Now they produce more than that in a couple of weeks!
Another interesting comparison would be economic efficiency of the Fremont Plant compared to when it was a GM/Toyota operation. I bet Tesla has doubled the economic output of that factory even when adjusted for inflation.
It's a way to charge the income statement with the cost of executive share options. Without it a company could remunerate the executives without taking a hit to the income statement. It's the difference between the option price and the market price when the option is granted. It's actually fair that it should be recognised even though in some ways, it's a hidden cost. Elon takes no salary, only share options.
bkp_duke
Well-Known Member
Something like this type of earning should see greater stock price jump. I'm hoping later and tomorrow the stock will trend up.
The Tesla earnings call can be listened to here - in about 19 minutes from now:
Q3 2020 Financial Results | Tesla
and the questions from retail and institutions can be found here:
Q3 2020 Financial Results | Tesla
Q3 2020 Financial Results | Tesla
and the questions from retail and institutions can be found here:
Q3 2020 Financial Results | Tesla
By the way, I'd like to acknowledge not just @The Accountant for getting the EPS spot-on, but also @Troy for his accuracy in Total Revenue. I've not seen who came closest to Operating Margin nor the other important metrics.
bkp_duke
Well-Known Member
Any link without giving personal information away? I'm a big privacy fan, even in companies I own shares in.
Yeah, call me paranoid, that's fine.
EDIT - nevermind, I just entered junk into the form and it accepted it.
We've seen a lot of times where the stock went up 15% or so and then sold off throughout the entire next trading day to end basically even. So really, after hours doesn't mean much of anything. We could end after hours at 1% and somehow end up or down 10% tomorrow
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It only makes sense Y is the first. Tesla already have everything needed for its production. Only difference is that it's going to do it faster, better and cheaper by implementing all the production improvements they have developed after Fremont started the production. Think it as V2.0 or V3.0 as it's going to be after Giga Berlin.
CT, otoh, still needs to work toward that V1.0 from the V0.x
For people trying to understand how profitable a company is, use non-GAAP. Especially software and SaaS companies that have lots of deferred revenue, GAAP is almost meaningless. In Tesla's case, GAAP is impacted by Elon's compensation plan, which is all paid in shares, so doesn't affect company profitability at all. Again, GAAP obfuscates rather than clarifies.
GAAP is the headline number though, so it does move markets in the short term. For Long term investors, ignore it.
Cybertruck is listed in slide 7 as being in development for the Texas factory.
Yes, but Semi is listed as in construction. So Cybertruck will be after Semi gets going. And they don't promise Cybertruck for 2021, while they do for Semi. Hopefully we will hear more on the call.
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