Oct 23, TSLA Q3 report

Discussion in 'Tesla' started by bwilson4web, Oct 11, 2019.

  1. David Green

    David Green Well-Known Member

    Of course they cooked it up to get the stock price up, but Tesla does not need to raise money now, they just need the price up so their executives get paid.

    Red the deposition I posted in another "General" Thread, when you see how Elon operates with regard to stock price, and all the planning and conspiring that went on to get the Solar City thing approved... Crazy, reading that Elon is a crook IMO... Scammed the shareholders to pay his family...
     
  2. bwilson4web

    bwilson4web Well-Known Member

    Elon is my kinda crook. He's fooled those who call him a crook so he doesn't have to sell products to them thus leaving more for the rest of us. Then there are 'problem customers' who are more trouble than they are worth. They'd rather hire a lawyer.

    Seriously, our SR+ Model 3 has turned out to be a great car. Although I accidentally ran over a curb but it looks to be a cheaper repair than my insurance deductible. Although I'd ordered the $6,000 'full self driving' on Friday, as we used to say in Marines, 'fecal matter happens.'

    Bob Wilson
     
    Last edited: Oct 30, 2019
  3. David Green

    David Green Well-Known Member

    Wow, FSD is up to $6000now? It used to be $2500, you are not one for timing...

    Looks like Elon will be going more depositions...

    https://electrek.co/2019/10/30/tesla-sued-germany-allegedly-false-adverting-autopilot/
     
  4. bwilson4web

    bwilson4web Well-Known Member

    It must be terribly frustrating to see my crook, Elon, getting another happily paid $6,000. It covers the post-sales engineering that continues to improve to my car. What a concept, no or minimal built-in obsolescence. I don't have to change cars to get the improved performance.

    Bob Wilson
     
  5. David Green

    David Green Well-Known Member

    No frustration on my part... Its not my $6000. If Elon gets the $6000, it would just get passed to Sir Unsworth, as it is expected the jury will not go too easy on him...

    https://twitter.com/LLinWood/status/1189370483634049025

    By the way, is this what you call improved performance? It seems Bjorn lost quite a bit of range recently...



    He said in a video 500+kM all the way down to 450 kM.... Lost 10%
     
  6. bwilson4web

    bwilson4web Well-Known Member

    I'm seeing only a 2 mile drop from 240 miles to 238 after 15,000 miles since March 26, 2019. This is well within my expectations and the warranty, 70% in 100,000 miles:
    • 100,000 / 15,000 = 6.67 multiplier
    • 2 * 6.67 = 13.3 miles after 100,000 miles
    • (240 - 13.3) / 240 = 94% loss is much better than 70% loss
    Bob Wilson
     
  7. bwilson4web

    bwilson4web Well-Known Member

    Source: https://electrek.co/2019/10/30/elon...-price-increase-billion-unrecognized-revenue/

    Musk said that Tesla would increase the price after the release of its V10 software, and now the CEO confirmed that the price will increase by $1,000 at midnight on November 1

    Works for me. How frustrating for you to be so frequently wrong and so easily called out. You really aren't very good at it. Perhaps @R P might offer something interesting someday.

    Bob Wilson
     
    Last edited: Oct 31, 2019
  8. bwilson4web

    bwilson4web Well-Known Member

    This just in:
    • Source: https://www.reuters.com/article/us-...les-tumbled-39-in-third-quarter-idUSKBN1X81NM

      U.S. sales, which account for the biggest share of the company’s total revenue, fell to $3.13 billion from $5.13 billion a year earlier.

      Sales in China rose 64% to $669 million and its other segment, which covers the rest of the globe, rose by more than a billion dollars to $1.83 billion, a regulatory filing showed.

      “Musk & Co. are laser-focused on Europe and China for growth, while domestically, core demand is fading relative to other regions,” Wedbush analyst Dan Ives said, adding that U.S. growth will remain more challenging going forward.
    Bob Wilson
     
  9. David Green

    David Green Well-Known Member

    Sorry, I am not following the frequently wrong thread? I will need you to be more specific? On my earnings predictions, I nailed everything but profit, and as we get a look at the 10Q its clear some book cooking went on... Hence the stock falling nearly 10% since the 10Q came out. Still Tesla performed better than I expected in the earnings segment, but we did not know they re-negotiated with Panasonic Sept 20th, and that the battery prices go back up when Tesla becomes "sustainably" profitable.
     
  10. David Green

    David Green Well-Known Member

    No doubt storm clouds are rolling in for USA Sales and Revenue, meanwhile in Q3 2019 GM sales were up 6%, and profit was outstanding.

    Model 3 is also starting to saturate in Europe, and China, meaning lower revenue ahead.

    Bob, you need to learn how to read a company earnings report, the writing is all on the wall. Its becoming clear that Tesla products experience high demand due to years of hype before production, but then the organic demand dies off quickly. We can see that in Model S, X, in the global markets, and Model 3 in the USA.

    BTW, Jaguar has swung the company back to profits in the latest quarter, and had record I-Pace sales... Seems I-Pace is doing as they expected in the market.
     
    Last edited: Oct 31, 2019
    R P likes this.
  11. bwilson4web

    bwilson4web Well-Known Member

    We have different opinions of what makes a company succeed. My focus is on the performance and quality of their products. Do they innovate or just churn out the Same Old Sh*t? In this area, Tesla and that brilliant crook, Elon Musk, continues to race ahead.

    Bob Wilson
     
  12. bwilson4web

    bwilson4web Well-Known Member

    I found confirmation at: https://twitter.com/ihors3/status/1...iframe/2/twitter.min.html#1188818486623199233

    23.36% of float; 0.57% borrow fee.Shs shorted down -3.7 mm shs,-10% over last 30 days & down -2.4mm shs over last week.Shorts down -$444mm in mark-to-market losses in 2019;down -$2.94 billion over the last week, down -$233 today

    Bob Wilson
     

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