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Tesla Tumbles On Margins Miss & Deliveries Downgrade - The Quarter In Three Charts
It appears faith in the hyper-growth names is fading. Tesla is down 8% after hours after humans parsed through its various non-GAAP shenanigans and found:
- *TESLA 2Q ADJ. TOTAL GROSS MARGIN 23.4%, EST. 26.2%
- *TESLA SEES YR DELIVERIES 50K-55K MODEL S & X; SAW ABOUT 55K
Not close to whispor numbers and fears of model X production challenges are now dragging down expectations for model S output.
- *TESLA PLANS TO REVEAL THE MODEL 3 DESIGN IN 1Q 2016
- *TESLA SEES OPERATIONAL CHALLENGES FOR DELIVERIES IN 4Q
Burning cash...
- *TESLA CASH,EQUIVALENTS $1.15B AT 2Q END,DOWN $359M SEQUENTIALLY
As TSLA admits,
We are now targeting deliveries of between 50,000 and 55,000 Model S and Model X cars in 2015.
While our equipment installation and final testing of Model X is going well, there are many dependencies that could influence our Q4 production and deliveries. We are still testing the ability of many suppliers to deliver high quality production parts in quantities sufficient to meet our planned production ramp.
Since production ramps rapidly late in Q4, a one-week push out of this ramp due to an issue at even a single supplier could reduce Model X production by approximately 800 units for the quarter. Furthermore, since Model S and Model X are produced on the same general assembly line, Model X production challenges could slow Model S production.
Simply put, in a choice between a great product or hitting quarterly numbers, we will take the former. To build longterm value, our first priority always has been, and still is, to deliver great cars.
Tesla EPS: GAAP vs non-GAAP:
Tesla Revenues: GAAP vs non-GAAP (yes, non-GAAP revenues). Note that GAAP revenues in Q2 were lower than in the Q4 2014 quarter!
And finally, free cash flow. It speaks for itself.
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LMFAO!
I know I should say something a lot more intelligent than that about it
But I'm drinking scotch and that sums it all up perfectly.
I just creamed my jeans!
There's gotta be a Rabbi nearby willing to clean up. You're not really clean until your Brisfully clean.
Spill on isle Kosher.
$246.00 is way way too high too. $2.46 is better.
x1000
I'm getting schlitz faced as we speak; soon I will be schlitzed, and beg for mercy. It only costs 50 cents per 12 ounces, but should be sold with a roll of ass wipe.
I'm currently a man with meager funds.
BULLISH
Hold on guys. Everyone should wait to see what Fast Money says before taking any action.
up in flames
Did you actually try and plug in your Tesla?
Nope, he was just driving down the road minding his own business when one of those menacing curbs jumped out and tore a hole through the battery pack, resulting in an instant Tesla BBQ.
Ah, big fucking deal. Tesla could stand to shave 50 off. He runs it lean and mean so it won't hurt 'em.
Next!
Keeps that massive loss per car in check, and makes it up in the volume.
Isn't that the GM biz model.No govt. no biz.
WTF? Since when do earnings matter?
This time it's different.
They'll make up the bottom line with those smart cereal- box size battery packs that power your house for 6 months.
The real money is in the new Planned Parenthood baby-powered boxes. Lots of energy produced through the burning of baby parts.
Plus every 2nd or 3rd trimester Black baby aborted puts $3000-$5000 in the DNC coffers.
win-win
I see the equalivent of the next dot.com bubble bursting event on the horizon.
Agreed. The social media gene pool in this valley could stand a little chlorine. Would help the AM/PM commutes out too...
Muriatic, lots of it.
The electric powered sports car. Should have been a sure winner.
You don't watch Top Gear much do you?
www.topgear.com/car-news/supercar/laferrari-vs-porsche-918-vs-mclaren-p1
And ZeroHedge just called the bottom once again. Takes skill to do it. lmao
Hope not, says this short. Sorry longs.
Nuff said...
http://dailybail.com/home/how-taxpayers-lost-big-on-fisker-karma-and-a12...
Vice President Biden spoke on camera about the Obama administration's billion dollar loan to Finland’s Fisker.
"This is seed money that will return back to the American consumer in billions and billions and billions of dollars in good new jobs."
Does the VP recognize that Finland is a long commute for American workers?
The WSJ reported that due to Hurricane Sandy, 300 cursed Karmas now rest undersea at a port in New Jersey, and are a total loss. But when did the loss of 300 Fisker Karmas technically occur?
Was it when 239 Fisker Karma were recalled in January of 2012 due to A123 battery defects blamed for car fires?
Or was the loss incurred when the Karma car was “undrivable” to the Consumer Report's testing site in March of 2012?
Or does the loss date back to when the Fisker Karma was conceived as a publicly-funded-luxury-sports-car-retailing-for-$100,000 to buyers like Leonardo D., and the Justin B?
Or did Fisker fail conceptually when our billion-dollar-loan failed to create “billions and billions and billions of good new jobs” as promised by VP Biden during October of 2011?
Fisker Karma also might be considered a preexisting loss by stockholders whose investments in the hybrid car’s battery-maker, AONE, have tanked. AONE Investors have responded with a lawsuit alleging securities laws violations in connection with certain financial statements made by A123 Systems.
http://dailybail.com/home/watch-as-another-fisker-karma-spontaneously-co...
All those https://en.wikipedia.org/wiki/Ferrous Wikipedia Outside chemistry, ferrous is an adjective used to indicate the presence of iron. The word is derived from the Latin word ferrum ("iron"). Ferrous metals include steel and pig iron (with a carbon content of a few percent) and alloys of iron with other metals (such as stainless steel).">ferrous metals being used in kit kars makes me laugh.
Long copper>aka beautiful conductive malleable metals.
Did I mention the patina?
I upped you because it takes twice as much aluminum to do the job (double the size of wire). Funny how all those copper thieves die at power sub-stations stealing copper weld wire. It looks like weather exposed copper grounding wire, green in patina but isn't...
Lol... Thanks for working with me Lumberjack.
In all honesty I was putting together a larger post, but I forgot the charcoal ( natural mesquite) for my chicken thighs and pork chops at the store, and didn't have time to finish my post.
I have a funny story about aluminium wiring for another day. It involves a a 'box fan'.
Buying opportunity, bitches!
They should never have gone public.
But the fees and nqso's are all that matter.
It doesn't bode well for Tesla,when the price of commuting to work in a 38 foot motorhome,is now half the price of driving to work in a modified Tesla golf-cart..
Tesla is proof that I have no clue of investing. I am simply not capable of seing the opportunity. I do not appreciate the good design of the car but dislike to sit close to these enormous batteries that might blow me up any minute. Nor do I fancy the enormous acceleration that one can experience once or twice prior to stranding at a recharging station - if one should be available. I am concerned that my investment of EURO 100.000 to 120.000 may be soon devalued by optical and technical design changes. Or by a defunctional battery pack. Or by one of Elon's favourite happenings: a RUD (rapid unscheduled disintegration). I see myself standing there with loading cable trying to recharge my Tesla while all the newer cars already are equipped with the must-have contact-less recharging technology. I know, I know it would be better for the planet and I should do my part to preserve it but. Then I wake up. It was just a bad dream. I am still driving my Lada Niva. And if I overtake a range-optimising Tesla driver on the motorway I wave and smile: Poor boy!
Tesla and Edsel
When you scramble the letters around they sure sound similar, don't they?
This company has to be one of the worst prospects in an environment where fuel prices continue to plummet.
I didn't like this company at 3.50 gas; I hate it at 2.50. And despite the innovation which I appreciate, the price of these cars makes zero economic sense to the broader market.
The TSLA S would literally have to last 50 years, to make up for the premium you pay up front for the gas savings.
The current target market (wealthy, techies) is FAR too small for a car company like this that needs VOLUME to make $$.
I don't think people buy a Tesla because they are pissed off at high fuel prices.
I think this is why they buy one.
https://www.youtube.com/watch?v=LpaLgF1uLB8
https://www.youtube.com/watch?v=RWQ-dnpplaA
http://www.bloomberg.com/news/articles/2015-07-18/how-does-tesla-s-ludic...
Trophy car. Shows you are green and sporty.
Yeah, but if you wanna be really hip, green, and sporty, just book a Space-X flight. You'll go out in style...
I suspect Tesla has lumpy deliveries but I'm not surprised they are burning cash, they are building the
GigaFactory, and trying to get the Model III on line as well.
I'm not sure where Tesla is, and i still think they make a great acquistion target to another car company,
but, they have gone 100X further then I ever thought they would.
They have gone a long way on government subsidies. How long will those subsidies last?
As for their gigafactory, there are a LOT of other companies also building huge factories. There will be a lot of competition. However, if you only look at US media, you'd never know that there are half a dozen MAJOR battery factories being built around the world. There is going to be so much surplus capacity, they won't be able to give the batteries away.
What a dishonor to the name of the greatest scientist who ever lived.
wanna know how and why we know the tylers haven't changed? (some of them, even though they brought a new one on board.
Fuckin typos.
Let's see ACTUAL Deliveries rather than "TARGETED" Deliveries.
They never made their Initial Goal of 40K Units / Year; and never touched it since.
As long as Oil floats btwn 40-50USD/Barrel, I don't think TSLA's going to be hitting any Sales Goals anytime soon.