[Plantagenet]

$this->bbcode_second_pass_quote('asg70', ' ').... ad hom...

[asg70]

Plant, if you have something you want to say to me 1 on 1, take it to PM because it's polluting this thread. Any more of this and I start flagging.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('dolanbaker', 'C')ar transporter companies probably need to reevaluate the loadings on their vehicles and carry one car less to avoid the possible overloading that is causing the brakes to overheat.

[mousepad]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('mousepad', '
')
What about drivers who actually know how to drive a truck?
You know, jake brake, and shifting to lower gears when going down a mountain pass. The good old skill of actually driving a truck.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('mousepad', '
')
What about drivers who actually know how to drive a truck?
You know, jake brake, and shifting to lower gears when going down a mountain pass. The good old skill of actually driving a truck.

[mousepad]

$this->bbcode_second_pass_quote('Outcast_Searcher', 'W')eight certainly matters.

[Plantagenet]

Tesla stock tumbles after fall in car deliveries...

tesla-stock-tumbles-after-disappointing-q3-deliveries

I wonder if Tesla counts all the cars that burned up in the two car-carrier truck fires along the side of the freeway in Nevada as deliveries or not? Those cars did go out the door so maybe they can be counted.......???

Cheers!

[asg70]

I have to admit that I have stopped watching every move with Tesla. I thought they were near death when all of its executive started fleeing and its stock tanked but they seem to be able to limp onward like a zombie.

I think the more telling bellwether for Tesla is the rollout of competitors. Hyundai/Kia can't/won't sell enough to make a dent, but VW for one definitely will. The ID.3 in particular is now starting up manufacturing. Also in Europe only, the new Renault Zoe with over 200 mile range has unprecedented bang for the buck. The competition is going to just keep accumulating relentlessly.

[StarvingLion]

$this->bbcode_second_pass_quote('', 'T')he competition is going to just keep accumulating relentlessly.

[tita]

$this->bbcode_second_pass_quote('asg70', 'I') have to admit that I have stopped watching every move with Tesla. I thought they were near death when all of its executive started fleeing and its stock tanked but they seem to be able to limp onward like a zombie.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('tita', '')$this->bbcode_second_pass_quote('asg70', 'I') have to admit that I have stopped watching every move with Tesla. I thought they were near death when all of its executive started fleeing and its stock tanked but they seem to be able to limp onward like a zombie.

[EdwinSm]

I guess this is good news for the beleaguered company, if they can reach the numbers hoped for.

$this->bbcode_second_pass_quote('BBC', 'T')esla has been added to the Chinese government's list of approved car manufacturers according to a list published by the ministry of industry and information technology.

The electric carmaker intends to produce at least 1,000 Model 3s a week from its Shanghai factory by the end of this year.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('EdwinSm', 'I') guess this is good news for the beleaguered company, if they can reach the numbers hoped for.

$this->bbcode_second_pass_quote('BBC', 'T')esla has been added to the Chinese government's list of approved car manufacturers according to a list published by the ministry of industry and information technology.

The electric carmaker intends to produce at least 1,000 Model 3s a week from its Shanghai factory by the end of this year.

[asg70]

I think the competition right now is equivalent to nipping at Tesla's heels. It's going to take a while for the competition to reach critical mass, with VW group being the biggest contender.

Volvo has a new XC40 EV coming out as well which has the overall guts of Polestar 2. I don't know the dimensions of it but it doesn't look a hell of a lot bigger than the Kona but it takes 78kwh to achieve 200+ mile range. Poor efficiency, but it has twice the HP and a frunk, faster DC charging, google onboard and ota updates. Overall it looks like a competent vehicle but all the offerings at present have their pros and cons. I do think Hyundai and Kia did a great job achieving the efficiency they did on the Kona and Niro despite their conventional shape. This XC40 and Audi eTron are the equivalent of gas-guzzlers in comparison.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('asg70', 'I') think the competition right now is equivalent to nipping at Tesla's heels. It's going to take a while for the competition to reach critical mass, with VW group being the biggest contender.

Volvo has a new XC40 EV coming out as well which has the overall guts of Polestar 2. I don't know the dimensions of it but it doesn't look a hell of a lot bigger than the Kona but it takes 78kwh to achieve 200+ mile range. Poor efficiency, but it has twice the HP and a frunk, faster DC charging, google onboard and ota updates. Overall it looks like a competent vehicle but all the offerings at present have their pros and cons. I do think Hyundai and Kia did a great job achieving the efficiency they did on the Kona and Niro despite their conventional shape. This XC40 and Audi eTron are the equivalent of gas-guzzlers in comparison.

[EdwinSm]

Tesla shares surge after unexpected* profit
A lot of that is down to cost cutting. Although Tesla has not managed to make an annual profit yet, this is the third quarter (last two in 2018) when it has turned a quarterly profit.

Maybe it will live to fight on a bit more. But it is certainly quieter, news wise, now that Musk has had to reign in his comments...

$this->bbcode_second_pass_quote('', 'T')esla shares have surged to their highest levels since February, after it told investors that manufacturing at its Chinese factory and plans for its next model were ahead of schedule.

The firm also reported an unexpected profit of $143m (£110.7m) for the three months to 30 September.

That beat forecasts, but was down more than 50% from a year earlier.

Shares in the electric carmaker jumped by more than 17% in after-hours trade to about $300 apiece.

Tesla has struggled with years of losses, fuelling investor doubts and casting a shadow over the shares in recent years.

The firm has yet to turn an annual profit, although it recorded positive results in the final two quarters of 2018.

[tita]

Impressive results, considered that revenue was lower sequentially from Q2.

The question is, what were these costs reduction exactly? It's quite astonishing to have such improvement suddenly.

[Plantagenet]

I wouldn’t be surprised to see TESLA issue more stock, now that they have reported a good quarter.

Thats been their pattern for the last several years. The company loses huge amounts of money quarter after quarter until their cash reserves run low ——— then they report a sudden huge shift to the upside ——- then they issue billions in new stock ———- then when the new issue is sold out they go back to losing money and teetering towards disaster again

Cheers

[kublikhan]

Tesla appears to have engineered a profitable quarter with accounting tricks and delaying capex. Meanwhile it's fundamentals are detertiorating: Falling top and bottom lines, growing debt, and falling y/y margins with it's largest markets in the US and China cutting subsidies. I don't see how they are going to keep capex low going forward with so much on the board: Shanghai factory, model Y, semi truck production, European factory, etc. My guess is we will see first half of 2020 showing more red ink, just like this year. Perhaps with a surge in sales in Q4 this year to take advantage of the last gasp of US tax subsidies before they expire permanently on Jan 1, 2020.

$this->bbcode_second_pass_quote('', '*') On Oct. 23, Tesla reported a surprise profit for the third quarter of 2019.

* The profit was largely attributed to efficiency gains and cost reductions, but the scale of the sequential change looks improbable.

* A deeper dive into the financials shows that the profit came thanks to a mix of deferred revenue recognition, elevated regulatory credit sales, throttled-back capex, and stretched payables.

* Tesla showed year-over-year declines to auto margins, revenues, and net income; that is not a healthy trend for a company priced for growth.

* It appears that Tesla pulled out all the stops to engineer a profitable quarter, but the underlying problems facing the business remain; sustainable profitability remains very much in doubt.

On the surface, it appears that Tesla bulls have much to crow about. Virtually no one expected a profit, after all. However, upon a closer inspection of the financial results reported in Tesla's Q3 update letter, it is clear that the profit was largely ephemeral. Indeed, Tesla appears to be far from "financially self-sustaining", despite CEO Elon Musk's latest boasts.

However, the rosy profit picture starts to wilt almost immediately upon deeper inspection. Consider the top line: Tesla brought in $6.3 billion in revenue, which was a sequential decline from Q2, in addition to falling below analysts' expectations. But, if the top line did not grow, how did Tesla make a profit?

Diving Deeper
by stretching payables and expanding accrued liabilities, Tesla was able to keep more than $200 million in negative cash flow from trickling into its other financial statements. Netting out just this maneuver would see Tesla's GAAP positive income turn into a loss. Moreover, virtually all of Tesla's expanded cash balance can be accounted for by its growing debt.

Coming Up for Air
At this point, it is abundantly clear that Tesla has manufactured another "miracle quarter" in much the same fashion that it did in Q3 and Q4 of 2018. Stretching payables, slashing capex, adjusting depreciation, recognizing deferred revenue, and cashing in piles of regulator credits can help create the appearance of profitability. However, they are not sustainable maneuvers. Tesla has suffered a significant year-over-year decline on both top and bottom lines.

That is the real crux of the challenge facing Tesla. Though the company has managed to engineer another profit thanks to a number of accounting gimmicks and one-off maneuvers, it could not come anywhere near its performance of the same period last year. That is a very bad sign for a company with a market capitalization of about $50 billion.

Investor's Eye View
The market is not valuing Tesla as an automaker with wafer-thin margins and occasional profitability; it is valuing Tesla on the basis of massive top line and bottom line growth over the next few years. That Q3 profit does not look too great when viewed in this light.

Investors hoping for Tesla to grow into its already-eye-watering valuation must ask themselves how it can achieve its promised growth goals in light of year-over-year declines to top and bottom lines, sequential decline in revenues, and the visible absence of any meaningful growth capex.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Plantagenet', 'I') wouldn’t be surprised to see TESLA issue more stock, now that they have reported a good quarter.

Thats been their pattern for the last several years. The company loses huge amounts of money quarter after quarter until their cash reserves run low ——— then they report a sudden huge shift to the upside ——- then they issue billions in new stock ———- then when the new issue is sold out they go back to losing money and teetering towards disaster again

Cheers