just read the shareholders letter, and haven't gotten past page 447 [Edit: on this thread], but just so happy to say that it beat all of my expectations! Hope the rest of the market agrees tomorrow!
Last edited:
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
Looking to sell 45-65% more vehicles in 2019 with an increase in operating expenses of 10%. They will be printing money after blip in Q1."This year should be a truly exciting one for Tesla. Model 3 will become a global product, the profitability of our business should become sustainably positive, our new Gigafactory Shanghai should start producing cars, and we will start tooling for Model Y production. Our growth opportunities are massive. Our accomplishments have been possible thanks to the exceptional effort of our employees and the support of our customers, suppliers and investors. We hope you’re as excited as we are about 2019."
At this point, I don't know how anyone can afford not to own TSLA.
That also sounds like they will have some capacity for changing the S and X to 2170s. 2 GWh is nothing for a completely new manufacturing line, weren't their older lines doing something like 5-7 GWh each?"A new manufacturing line made by Tesla Grohmann is further increasing production of Powerwall and Powerpack modules at Gigafactory 1. With a better supply of cells and new manufacturing equipment, we are aiming to more than double energy storage deployments to over 2 GWh in 2019."
Interesting... I hope we more about Tesla Grohmann advances in the lines both for energy products as well as vehicle battery packs. Anyone reading this asking questions at the conference call, please ask for a deep dive on this subject.
My guess is they figured out that 7k/week is the sweet spot to balance current demand, and with GF3 in Shanghai becoming operational by the end of the year, and then (presumably) a European GF to follow, they won't need more.So 10,000 M3/week is just completely off the table eh?
90% chance Model Y initial production starts in Fremint.
Reasons:
1. Previous talk of Fremont being production R&D center, exporting elsewhere later.
2. More experienced production talent in Bay Area than Reno.Growth pains in Reno. Housing issues and difficulty finding talent doesn't seem ideal to begin production of Tesla's highest volume product.
3. Warehouse and reshuffling of Fremont space to allow more production capacity.
Book it
My guess is they figured out that 7k/week is the sweet spot to balance current demand, and with GF3 in Shanghai becoming operational by the end of the year, and then (presumably) a European GF to follow, they won't need more.
Yeah, I've seen Gabe Hoffman on CNBC before. More BS than bull.CNBC will shortly present Tesla bull-bear debate.
S&P500 inclusion now likely to be September then...
My guess is they figured out that 7k/week is the sweet spot to balance current demand, and with GF3 in Shanghai becoming operational by the end of the year, and then (presumably) a European GF to follow, they won't need more.
Some tidbits from the update letter:
- Almost zero ZEV sales - rainy day fund until the Trump cloud passes?
Bear highlights:
Remind me of how they're going to get to 1M cars per year in 2020?
- Declining profit despite growing revenues
- Still no China funding: "We expect to arrange financing through local banks in China to fund most of the capex for Gigafactory Shanghai."
- What's happening with Accounts Receivable?
- Why is interest income not keeping up with cash? Especially when interest rates went way up towards the end up Q3?
- No mention of plans for Semi
- No mention of 35k Model 3
- No mention of full self-driving
- Model Y won't be in 2019
- No mention of Roadster
- Installed fewer Solar Panels in Q4 than any other quarter in 2018
So 10,000 M3/week is just completely off the table eh?