I figure at some point the investors want to know specifically about the 3 sales and more guesstimate between the 3/X/S liked together. I mean if the future of the company is dependent on it I'd expect shareholders to demand to know.
It's always mystified me how a publicly held company can hold back so much information that you'd think its stockholders would want to know. In theory a company has to disclose all information that is "material" to the future outlook of the company, and info that would effect the stock price. In practice, so far as I can see, companies hold as trade secrets just about anything a competitor might want to know, and the stockholders be damned. Not that I'm a "financial guy", but with all the financial discussion among stock investors on TheEEStory forum, a forum on which I was a heavy participant for years, some of that rubbed off on me despite how I treasure my ignorance of the subject. -
The real breakdown I want is CPO, inventory sales, and custom order sales. I know Tesla overproduced S/X, put miles on it, and sold it at a discount to meet quarter numbers. How do we know this is true because their profit margin on S/X went to the toilet.
I wish you would just be honest about your Tesla Hater agenda. You're repeating one of the Big Lies which Tesla Hater cultists keep spewing out on Seeking Alpha, which is likely where you got that Big Lie you're now repeating. All of Tesla's "inventory" cars are listed on their website. In the past, those have been only ones used as demos and as service center loaners; the one with "miles put on them". Such cars are sold new, but at a certain discount per mile and, if my understanding is correct, also a discount based on how many months the car has been in use. However, during one quarter (was that last year, or the year before?) Tesla did produce some units specifically to be sold as-is, rather than going thru the usual order process. Yes, that was because demand had fallen below what Tesla could produce. Those units did not, of course, have extra "miles put on them". The dishonesty you're insinuating here is yours alone -- not Tesla's. You accusing Tesla of dishonesty in the midst of posting FUD is not only hypocritical, it's despicable. Amazing how many lies you can pack into so few words. 1. We don't know that 2. It's not true 3. Tesla doesn't report profit margins for the MS & MX separately from the Model 3 profit margins, so neither you nor I know what the profit margin for those two models was for the last two quarters. Tesla threw a lot of money at putting the Model 3 into production, but unfortunately didn't manage to make and sell many of them, so of course Tesla's overall profit margin went down. Duh. It's known as "It takes money to make money." Tesla isn't making much money on the TM3 yet -- but that almost certainly will change this year, by quite a bit! And don't pretend like you didn't know all that, either. Anybody who knows enough about the details of Tesla's finances, enough to lie about it again and again and again in a detailed manner, obviously has a financial interest in Tesla -- and obviously a negative one! Go peddle your Hater FUD somewhere it might be appreciated, not here on a forum intended for real discussion of EVs. Go Tesla!
Automotive Gross Margin exclude ZEV credit sales. 25% Sept 2016 25% June 2017 18.7% Sept 2017 13.8 Dec 2017 3rd Quarter: Top sentence "Consequently, we expect Model S and Model X gross margin to improve in upcoming quarter." Did they improve? No, it was down 4.9% from 3rd quarter and down 11.2% from 2nd quarter. 4th Quarter: Top sentence
Not germane to the topic of Tesla's future being entirely pegged to the 3 success. If Ford said 'hey everyone, we will make it or break it based on this new car we started making, the Ford Doohickey' then I would expect they make it public what their Doohickey sales are, specifically.
Thank you for (finally) posting some actual facts. That's rather far from your original assertion of "their profit margin on S/X went to the toilet", innit? Your screen shots also included this: We expect Model S and Model X gross margins to increase in 2018 with improved trim mix and option content, lower cost of acquisition and lower manufacturing costs. Of course that's just one of those "forward looking statements", predictions or goals which may or may not happen. But the point is that what you're pointing to is just a short-term drop in gross profits. It's not the start of a trend, which of course was what you were trying to insinuate as part of your anti-Tesla FUD campaign. -
