Cory of Munro & Associates focusing on the important stuff!
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Assuming Tesla needs to purchase parts in China for export to the US or EU.Isn't this just accounting? It's not like Tesla converted foreign currency into USD.
Foreign exchange should have been a tailwind this quarter. Apparently Zach has never heard of hedging.
Agree with what you are saying but at the risk of causing a mini-storm and raising the hair on your back . I'm still convinced that Elon's purchase of Twitter and foray into politics has turned off quite a few potential buyers. No way to prove it obviously but it was always my instinctual read and I wouldn't be surprised if its definitely part of the short term problem .
oh you guys. Such fear and drama. I finally listened to the call and it was not nearly as bad as I figured it would be after reading the comments here. This was all more of the same. Let the short term fools give us an even better buying opportunity.
I'll be buying more tomorrow while watching Starship and NCC1701D fly with a giant smile on my face.
I hear you. I’ve just resigned myself to the fact that Tesla will never cater to WS. And honestly I like that we don’t negotiate with crooks.I agree 100%, it just would have been nice if the mgmt team showed care towards us beleaguered investors. Instead of Elon pretty much emphasizing that Tesla could very well reduce margins to zero, it would have been nice for them to remind Wall Street of the positive benefits IRA is going to do to margins. I can guarantee you GM and Ford will talk about this in their CC.
You and I know all is well, but geez, it would have been nice to convince Wall Street of the same.
The company launching in Colorado has the same density.Holy guacamole, that's CATL, not some University lab.
That density would match aviation requirements indeed.
They mentioned automotive applications as well, implying cost isn't through the roof.
Intriguing to say the least!
We’ve been told now on a number of occasions that the path forward for Tesla hinges on FSD. That’s a fact. What you want to happen is of no consequence. They’re straight up telling us that FSD is the goal. There is no contingency plan. The sooner that’s accepted, the sooner you can make choices that best suit you.That was harsh even for you Krugerrand, are you out of cat food tonight?
I feel it is reasonable to wish for a better strategy than "wait for FSD to save the financials". I'd like the company to have a plan just in case FSD never gets solved. I think that is both a tenable and practical expectation to have. Aggressively price cutting to kill margins while planning for FSD to someday possibly save said margins is not a very reassuring strategy. What if FSD never pans out?
For the record I do think FSD will get solved someday, but I also think we are still many years away from that, let alone deploying the RoboTaxi fleet, and I'd prefer the stock to trade better than sideways for the next few years if at all possible.
In my honest opinion of course. Obviously you disagree, thus the insults. If I am a slow learner than you certainly are not helping the matter with posts like that.
A few graphs that were not getting enough attention:
View attachment 930080
Operating margin is relatively stable with the macroeconomic sistuation. If they stay around 16%±2% and keep growing 50%/year this is incredible. It's just that we have been too spoilt with the crazy backlog and insane prices during the pandemic and people expecting even more.
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Form over function? I think they went for both and were willing to risk the edge case to maximize both. It’s going to be interesting to watch. Unfortunately it’s too big for my garage..1.5 new models in 11 years. No real SUV. A freaky truck incoming that should have been the basis for selling a million pickups and SUVs.
This will be the drag on TSLA. Cybertruck will sell out production and have great reviews. It was also a stupid choice of vanity.
CT didn't need to be maximized. It needed to be the basis for a range of pickups and SUVs of several whellbases. Tesla has a substaintial lead in manufacturing. They have the price advantage. Eliminating 2/3 of potential customers before the first one goes on sale while planning for high growth is stupid.Form over function? I think they went for both and were willing to risk the edge case to maximize both. It’s going to be interesting to watch. Unfortunately it’s too big for my garage..
Well their service has a 8% margin so they are making money. However I believe the service they are referring to is mostly Tesla Insurance.As soon as read this in shareholder deck, it did not seem good.
“Our near-term pricing strategy considers a long-term view on per vehicle profitability given the potential lifetime value of a Tesla vehicle through autonomy, supercharging, connectivity and service. “
Autonomy= Giant questions of if and when. Take rates?
Supercharging= Is it a huge moneymaker? Am I missing where it on the balance sheet or is it just included under other?
Connectivity= 120 per year. If you drop price of vehicle a few k, going to be a while before you make that up.
Service- remember when Elon stated the plan was never to make money of of service and have it be income neutral?
Need model 2 asap. Need cybertruck asap. Need semi ramp asap. Need major model s and x major refresh asap. Not many people care about plaid, but they do care ( for better or worse) of not having a similar looking vehicle than their neighbour who bought it 7 years ago.
Service includes Supercharging & Used vehicle sales as well. Used vehicle sales is a good profit center for them.Well their service has a 8% margin so they are making money. However I believe the service they are referring to is mostly Tesla Insurance.