Tesla Motors

[C4S]

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Clearly your kids go to a baller school haha.

In California, the school drop off scene is crazy. Lines of Model X gullwing doors open dropping kids off. Every mom has one down there.

In CA .. I can understand driving Tesla, but Calgary .. um ... even the "D" is $150K SUV ... not super faster nor good looking ... (It looks actually kind of ugly IMO) but I guess kids love them .. my 4 year old keep saying " Daddy, look at the doors! I want one .. I want one ...

[Darkane]

312 million profit. I didn’t expect that.

[Disoblige]

Boom, after hour spike.

[Jlude]

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Clearly your kids go to a baller school haha.

In California, the school drop off scene is crazy. Lines of Model X gullwing doors open dropping kids off. Every mom has one down there.

This is true. I live short distance from a Tesla SC and our parking garage has a large number of Teslas, most model S & 3, not many are X.

[ercchry]

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This is true. I live short distance from a Tesla SC and our parking garage has a large number of Teslas, most model S & 3, not many are X.

Saw a model 3 parked near my place... was facing the wrong way on the street. Looked about right

[ExtraSlow]

Those of you who enjoy reading the full quarterly reports and analyst commentaries, does Tesla look like it's on track for continued profitable quarters, or did they have one good quarter that's not likely to be repeated?

Wife got a ride in her friend's Tesla. Really liked it. Until I told her how much it would have cost.

[rage2]

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Those of you who enjoy reading the full quarterly reports and analyst commentaries, does Tesla look like it's on track for continued profitable quarters, or did they have one good quarter that's not likely to be repeated?

Wife got a ride in her friend's Tesla. Really liked it. Until I told her how much it would have cost.

Hard to say, have to really wait for the 10K next week. Realistically, this is their all-in quarter, so good on them for beating even the most aggressive estimates. This will go a long way in helping them raise capital for growth.

Looking at the base numbers of what's provided, they cut back on everything they can, meaning no new investments in growth (such as new production lines), cut R&D (for stuff like Model Y, Roadster, future products), didn't grow operations (hence all the service complaints) and of course cut staff (10% staffing cuts that's now showing up on balance sheet). I mean, they can move forward without growth and be profitable, but that's really not what the stock is priced for.

So to answer your question, do I think this quarter is repeatable? If they continue to stagnate growth, yes. There's a few positives for Tesla right now, it seems like their surprise strategy to offer a mid range model seems to be working out for them, it's pushing a few more 35k model holdouts towards spending $10k more, so it's another decent batch of higher margin demand. Next year is when they target certification in EU which opens up yet another market. Maybe they should just hold on for a year like this and build up the war chest a little. Stock will take a beating though if they take that path.

Tesla did everything possible to game this quarter into a big one, and they did a much better job than I expected. Solid 18% gain gamble if anyone took the plunge (I didn't).

As for buying the car, Model 3 is a fun car, and it's amazing to me that they have people spending 3x what their car budget has been all their lives and dealing with the nightmare that's their service right now, and still be OK with it. No other company, or CEO could've pulled that off. Credit where credit is due there.

[supe]

Well I have the Model 3 and I'm a long investor. Both are great. Seriously the Model 3 is so much fun to drive.
Some of the best points:
-for now charging costs about ~1/3 that of gas, will go up in the winter, i'll check back
-drive train is unreal, its so fast but so smooth and the power is instant
-visibility out the front is amazing, you barely see the front of the car at all
-AutoPilot is a godsend, I mildly enjoy deerfoot during rush hour, I rush into the left lane and cruise all the way home, I like to call it the opposite of road rage, road zen
-brake hold, its a small thing, and I think other luxury cars have it but I love it

Tesla is finally converting the naysayers. Lots of short analysts are now changing their tune, Citron did a complete 180 and is now long Tesla (before the earnings release). I subscribe to seekingalpha for both entertainment but also its important to hear the short arguments, most don't hold water. Anyway here is a LONG time short seller now partially converted: https://seekingalpha.com/article/421...-going-forward

Heres the thing about this quarter, they were able to reduce man hours per model 3 by 30% and they think they can improve on that still, which means they can produce even more cars with the same operation, more revenue, more income more cashflow.

Important to note that European sales will start early 2019 and RHD units later in the year so there is no shortage of customers.

Important to note again, no advertising money spent which speaks to the point that they don't have a demand issue at a healthy 20%+ gm.

The model y will largely be a carbon copy of the model 3. What I think they're going to do is move half the NA model 3 production to China and split the Y production between china and NA and whatever other factory comes next. Elon mentioned he is particularly excited about the Tesla pickup truck. Ford sells 900k trucks every year. Thats a HUGE market.

[NRGie]

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Just noticed lots of Model X around lately... ������

As of end of August there were approx 70 Model 3s in the Calgary area.

Edit. Correction. 60ish in AB and 30ish in calgary

[C4S]

Just saw two truck load of model 3 .. so, 11 or 12 more!

AWD out yet?

[rage2]

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Just saw two truck load of model 3 .. so, 11 or 12 more!

AWD out yet?

AWD has been here for a while now. Same as Performance version. I test drove the performance, supe owns a performance.

[supe]

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supe owns a performance.

No, mine is just the AWD version. 0-60 in ~4.5 sec, the performance is about a second quicker which is just crazy to think about.

[rage2]

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No, mine is just the AWD version. 0-60 in ~4.5 sec, the performance is about a second quicker which is just crazy to think about.

Ahh, thx for the clarification.

[ExtraSlow]

Nikola throwing shade at Tesla regarding its business model.
https://www.teslarati.com/tesla-semi...n-refunds/amp/

[Gestalt]

https://www.businessinsider.com/germ...-tesla-2018-11

That's some shade! Germany’s economic chief asks BMW and Mercedes when they’ll build a car ‘half as sexy as one by Tesla’

[googe]

Porsche NA CEO is a bit more complimentary than the armchair car company CEOs on the internet too.

https://www.latimes.com/business/la-...130-story.html

Zellmer: If you look at what Tesla has done, if you look at their volume and look at their price level, it’s truly astonishing.

If you can do that with one brand and a sales network that is not comprised of dealers and a real sales organization, it’s even more astonishing.

Elon won't be going anywhere.

[supe]

Well its a new year, stock is still a bit of a roller coaster but I'm still hyped.

A little bit of a year in review but Tesla hits 3 of the years best car tech:

https://jalopnik.com/the-best-car-te...018-1831242908

[cam_wmh]

LAAAAYYYYOFFFFS

https://www.cnn.com/2019/01/18/busin...usk/index.html

[Xtrema]

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LAAAAYYYYOFFFFS

https://www.cnn.com/2019/01/18/busin...usk/index.html

Ran out of rebates and forced to cut prices.

On top it's still a very inefficient operation, see this:



How many man hours wasted on potentially simple process.

[killramos]

Honestly this is the first acknowledgement I have seen that they are actually serious about being a real company.

I take that as a positive.