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TSLA closed at $1,025 a share today. There are reports that plans to bring the Class 8 Tesla Semi truck to volume production are being solidified.

 

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Hmm... shoulda bought the dip!

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Posted (edited)

TSLA share price is now past $1,200. Tesla is now the most valuable automaker in the world. Barron's said Tesla hit a home run. https://www.barrons.com/articles/teslas-deliveries-ev-strong-what-wall-street-is-saying-51593708177

 

Quote

"Tesla second-quarter deliveries smashed Wall Street estimates, briefly sending the stock almost 10% higher to more than $1,200 a share.

It’s no surprise that Wall Street is impressed. The electric-vehicle pioneer not only continues to defy bearish projections about its performance, it is doing better than the most enthusiastic analysts had predicted."

 

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Edited by rperez817

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Quote

Second-quarter deliveries were higher than in the first quarter, when the company recorded a profit, making it appear likely that Tesla earned money in the latest quarter as well.

 

That might be true if the profit came from vehicle sales and not from carbon credits.

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20 hours ago, blwnsmoke said:

Amazing when you can consistently read a post and know who posted it without even looking at the name..... every single time.

 

Especially when there's a "sir" thrown in.  But that's cheating.  :)

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1 hour ago, rperez817 said:

Elon Musk said today that Tesla is "very close" to Level 5 AV technology. TSLA share price is now hovering near $1,400 (it closed at $1,430 on Tuesday). https://www.reuters.com/article/us-tesla-autonomous-idUSKBN24A0HE

 

Elon Musk said this four years ago. Remember his promise that a Tesla would drive across the country, autonomously, by the end of 2017?

 

Don't believe anything this clown says. All this is, is an attempt to get buyer to continuing buying the full FSD package when they configure their cars. Pure profit for Tesla for something that doesn't exist.

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Tesla reported 2Q 2020 financials on July 22. https://ir.tesla.com/static-files/f41f4254-f1cc-4929-a0b6-6623b00475a6

Highlights.

  • Operating cash flow less capex (free cash flow) $418M in Q2
  • $327M GAAP operating income; 5.4% operating margin in Q2
  • $104M GAAP net income; $451M non-GAAP net income (ex-SBC) in Q2
  • Four quarters of sequential profitability
  • Next U.S. Gigafactory location confirmed - Texas! :happyfeet:

TSLA share price at market close was $1,592.33 on July 22.

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Posted (edited)

https://www.latimes.com/business/story/2020-07-22/tesla-earnings-analysis

 

"Subtract regulatory credits from the picture and Tesla continues to lose money. Tesla earns those credits because its electric cars, which spit out no tailpipe emissions, give it a credit surplus it can sell to companies to help them meet average fleet-wide emissions standards as they remain dependent on internal combustion engines.

In the second quarter, Tesla said it sold $428 million in credits, all pure profit. Net income for the second quarter came in at $104 million. Without the credits, the 17-year-old company would have lost $324 million.

For the first half of the year, Tesla’s net income was $120 million on the strength of $782 million in credits. For all of 2019, Tesla sold $594 million worth of pollution credits.

“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them,” said Gordon Johnson of GLJ Research, which assesses company finance and strategy for big investors."

 

so 17 year old company still losing money without selling credits...   Ahhh.. got it 

Edited by blwnsmoke

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27 minutes ago, blwnsmoke said:

 

In the second quarter, Tesla said it sold $428 million in credits, all pure profit. Net income for the second quarter came in at $104 million. Without the credits, the 17-year-old company would have lost $324 million.

 

With the formation of Stellantis, and other companies soon making enough hybrid/electrics to not require credits, I do not see this as a good buisiness model.

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1 hour ago, blwnsmoke said:

https://www.latimes.com/business/story/2020-07-22/tesla-earnings-analysis

 

"Subtract regulatory credits from the picture and Tesla continues to lose money. Tesla earns those credits because its electric cars, which spit out no tailpipe emissions, give it a credit surplus it can sell to companies to help them meet average fleet-wide emissions standards as they remain dependent on internal combustion engines.

In the second quarter, Tesla said it sold $428 million in credits, all pure profit. Net income for the second quarter came in at $104 million. Without the credits, the 17-year-old company would have lost $324 million.

For the first half of the year, Tesla’s net income was $120 million on the strength of $782 million in credits. For all of 2019, Tesla sold $594 million worth of pollution credits.

“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them,” said Gordon Johnson of GLJ Research, which assesses company finance and strategy for big investors."

 

so 17 year old company still losing money without selling credits...   Ahhh.. got it 


Ive been pointing this out for the last year if not longer.  Glad to see the media finally picking up on it instead of blindly worshipping the sales volumes.

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This helps me understand their stock price, which is purely emotional as to why it's so high....but I already knew that. Also I already knew their quality was shit too.

 

Jalopnik

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1 hour ago, Trailhiker said:

With the formation of Stellantis, and other companies soon making enough hybrid/electrics to not require credits, I do not see this as a good buisiness model.

 

Hellcat everything isn't free....if they would actually produce hybrid/PHEV/Electrics....that bubble will burst and the shorts will win

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Many of the posts here are pure comedy. "Tesla would have lost money without the credits". Tesla still a lot on their plate: one assembly under construction, one about to commence, at least 3 all new models forthcoming, new batteries, continued building/upgrades of the Supercharger and dealer networks, just to name a few. Musk is using the income from the credits to further build the company rather than pad profits. That is a better thing to do than trying to satisfy a few anti-Tesla keyboard jockeys. And judging by the lack of any substantial EV news coming out of Auburn Hills (or any non-Jeep product news of any sort), I'd say that he can count on another 3-4 years of FCA buying credits.

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1 hour ago, AGR said:

Many of the posts here are pure comedy. "Tesla would have lost money without the credits". Tesla still a lot on their plate: one assembly under construction, one about to commence, at least 3 all new models forthcoming, new batteries, continued building/upgrades of the Supercharger and dealer networks, just to name a few. Musk is using the income from the credits to further build the company rather than pad profits. That is a better thing to do than trying to satisfy a few anti-Tesla keyboard jockeys. And judging by the lack of any substantial EV news coming out of Auburn Hills (or any non-Jeep product news of any sort), I'd say that he can count on another 3-4 years of FCA buying credits.


And you think all these other mfrs aren’t spending billions to upgrade their infrastructure, design new models and redesign existing models?  That’s just normal business operations.

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It sseems to me that Tesla is the ONLY electric vehicle maker that isn't battery supply constrained. Everyone else is very limited in how many batteries they can get their hands on. Tesla can build hundreds of thousands of Model 3 and Y's and others are lucky to build 25,000/year due to constrained battery supply chain. So the result is that Tesla has no real competition in electric vehicle market. 

 

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3 hours ago, akirby said:


And you think all these other mfrs aren’t spending billions to upgrade their infrastructure, design new models and redesign existing models?  That’s just normal business operations.

 

All those other manufacturers didn't QUADRUPLE their factory capacity in a few short years.

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4 hours ago, AGR said:

 

All those other manufacturers didn't QUADRUPLE their factory capacity in a few short years.

 

The point is..  Tesla isn't profitable if it wasn't for those credits.  To state anything otherwise is comical.  

 

What would Tesla do if other manufacturers were not buying the credits right now?  What would Tesla's financials look like?  How "advanced" would they be?

 

 

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7 hours ago, FordBuyer said:

It sseems to me that Tesla is the ONLY electric vehicle maker that isn't battery supply constrained. Everyone else is very limited in how many batteries they can get their hands on. Tesla can build hundreds of thousands of Model 3 and Y's and others are lucky to build 25,000/year due to constrained battery supply chain. So the result is that Tesla has no real competition in electric vehicle market. 

 


If you were Ford would you commit billions of dollars in battery capacity and new models to compete head on with a company that is losing money on every vehicle they sell?  Or would you target niche markets where you can sell a lower volume with decent profit?

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5 hours ago, AGR said:

 

All those other manufacturers didn't QUADRUPLE their factory capacity in a few short years.


And they also didn’t get billions in free investment capital.

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8 hours ago, akirby said:


If you were Ford would you commit billions of dollars in battery capacity and new models to compete head on with a company that is losing money on every vehicle they sell?  Or would you target niche markets where you can sell a lower volume with decent profit?

 

Ford could probably sell 100,000 hybrid, plugin Escapes/year, but will have to settle for 25,000 or so because of a skimpy battery supply chain after 15 years of hybrid experience. Ditto for MachE.

VW/Ford recently tried to hook up with an Asian battery company and it didn't work out. Lots of areas of the world are going to demand no fossil fuel engines and only Tesla makes it's own batteries. Everyone else is supply constrained. Probably number one reason for Tesla's sky high stock price. That and their superior software.

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3 hours ago, FordBuyer said:

 

Ford could probably sell 100,000 hybrid, plugin Escapes/year, but will have to settle for 25,000 or so because of a skimpy battery supply chain after 15 years of hybrid experience. Ditto for MachE.

VW/Ford recently tried to hook up with an Asian battery company and it didn't work out. Lots of areas of the world are going to demand no fossil fuel engines and only Tesla makes it's own batteries. Everyone else is supply constrained. Probably number one reason for Tesla's sky high stock price. That and their superior software.

 

Interesting you say that since Ford said they will be producing 50,000 Mach E vehicles a year at a minimum.

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Mach-E production is slated for 50,000 units the first year but half is going to Europe.

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25 minutes ago, ice-capades said:

Mach-E production is slated for 50,000 units the first year but half is going to Europe.


But the batteries are available to build which was the point.

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