Tesla to Produce 'Affordable EV' by 2016

It is likely that toyota has made $200M on its investment ($50M invested, worth around $250 today. looks even better in yen). It paid tesla $60M for R&D, and some other amount for parts. If we include the RAV4 EV + tesla stock it likely is profitable right now. Toyota has spent well over $1B on the prius phv, and sold less than 40,000 of them. I think it will be profitable in the second generation if they invest more on the next generation, but that tesla/RAV 4 project is one of the best thing they have done. They did likely write off a large investment in the EQ, city car electric.

 

No, you really can't read: "except to the extent they may create the opportunity for future non-dilutionary equity issuance."

Yes, they lost money. Again.

"Taking into account lease accounting, non-cash items and one-time charges of $16 million with the repayment of the Department of Energy loan, GAAP net loss was $31 million or $0.26 per share.
Overall revenue remained flat because of the decline in zero-emission vehicle (ZEV) credits."

 

Oh but wait, there's more!
Tesla Reports Adjusted Profit $26 Million In Q2, Surprises Street – Shares Up

Tesla Reports Adjusted Profit $26 Million In Q2, Surprises Street – Shares Up

 

Boy you really have no idea how to evaluate a company. The GAAP accouning was expected to lose money. It lost less than expected. The ongoing operations if you account leases as sales, were expected to lose money, and they were profitable. That is a blow out quarter, but profitability wasn't what people were looking at. They were looking at production and margins, again much much better than expected, margins rose from 17% to 22%, production was 500 more car than expected. If you could actually read and understand a quarterly report, you would understand why the stock is up so much after hours. But of course you can't understand these things, and you have confirmed in your own mind that the stock should have gone down after the report. Please don't invest your own money with such poor understanding. Ifyou shorted the stock, now might be a good time to cover.

 

Talk about "not getting it"... You may want to turn over your own portfolio for professional review. Or like the Musk fanbois, just keep chasing it.

The two most important words in their PR and uttered on that call -- repeatedly -- were "non-GAAP"

Musk fanbois chasing it. Parabolic up, crash down. Book it.

Breathless, ain't he? The fanboi...

 

You always check non-gaap. Obviously. Deuche bank had a price target of 160 before the results were in based on the expectations they blew out of the water. You always need to check certain things like their non-gaap lease accounting, some amount should be held back on possible residual value, but when your worried about production and sales and margins everything exceeded expectations. Lease acounting was known before hand.

Sicne you sy you should bet against a growth company, and don't get goood news (BTW all the business publications also read it as good news) then you obviously are an idiot.

 

Tesla aces its first crash test - Aug. 8, 2013

 

In fact, you always check GAAP (no matter that the most-often uttered words by Musk were "Ha, ha, ha" and "non-GAAP".

But please do bid it up, and please go chase it elsewhere, like on a Tesla fanboi forum, "sicne" last I looked this is a Prius forum.

 

wow. You listened to the call. I read the results, you know the important stuff. You obviously didn't understand it, but hey, what do you know. That you are proud of your ignorance is really sad.

I am a long term invester, I was holding on for the long term, despite the very high expectations for the quarterly results. I expected to take a hit, but stayed on for the long term. Others on hearing the great results, bought the stock. That is how long term investing works. If there is good news the stock goes up, bad it goes down. This good news just confirms some possible rosy scenarios. It is a risky stock because of valuation.

This is the tesla area of the forum. I own a prius, which is why I am on prius chat. I want plug-in cars to be sucessful, so the us imports less oil, and tesla sucess helps that. Why are you spreading your ignorance on the tesla board. You could just go somewhere else, instead of proving you can't understand a earnings report or the plug-in market.

 

Yeah, though the sadness/cluelessness is all yours. Sustainable, Tesla is not. They had better rush to market an affordable model, oif indeed that is possible, about which there are serious doubts.

As for earnings "quality", Tesla's Q1 "profit" was achieved via its sale of $68 million in ZEV credits under Cali emissions mandates. Likewise, Tesla's Q2 "profit" relied on $51 million of ZEV credit sales. A $7,500 federal tax credit for buyers continues to prop up demand for the mainstream unaffordable "S". Tesla is a model, and Musk is a master, of subsidy harvest. Of course you'll never admit that.

A HOLD? Ha. Bid it up! Put your money where your keyboard says your mouth is.

 

My guess is you shorted the stock around 70, and are making margin calls now that it is over $150.

Q1 included extradinary items for corporate profitability. ZEV credits were one of those items, that we knew would not go forward. It was also questionable whether, whether production problems would slow shipments, and if orders would materialize. We now have Q2, production and back orders are better than expected. There are extrodinary items like setting up sales offices in europe and asia which will continue for the next couple of years. The one known about was expenses in setting up the lease program. As Shipments to europe are occuring, this quarter, and shipments to asia next quarter, tesla will likely continue to expand. The one item from the conference call that was reported, as suppliers are unable to keep up with demand. Panasonic is not going to be able to supply enough battery cells until next year. This puts a lid on production this year, but promises growth in 2014. Operating margins are double that at bmw or mercedes. But you can't see any of this because you are focusd on extrodinary items, items that will not occur again, like major profit from zev sales. Well these might start again if toyota and others build fcv instead of plug-ins, they fail, and carb institutes bigger penalties.

Again it is high in valuation terms. I put my money where my mouth was over a year ago. I sold out some shares to take my investment back. I now have over 3x more in stock than originally invested, and its all profit other than the 17% that I would owe the irs if sold today (20% cap gains on profit). I think the price target for now is around 160 (deuch bank), and at 153, there is not much upward move until more good news comes out. Bad news and it would drop. Its summer and I am wear my shorts (some short positions), as this is a bad time of year to be all invested. Tesla is not one of those stocks you want to short.

 

SpaceX wins launch contract for largest-ever Canadian space program | VentureBeat

 

You fanbois collectively keep saying that, and I will reiterate that I have no position in the name.

What I will also reiterate is that if you think so highly of a name whose pps is totally dependent on externalities and one-time items that even Musk admits are not sustainable, you should either go all-in (not recommended) or sell now and call it a good day. But all most of you will do is act like keyboard kommandos.

Because the great white north's "largest-ever ... space program" involves (the well-regarded SPAR arm and) three whole satellite payloads -- five years from now? How did Garth say it? "We're not worthy!" You think Sea Launch and International Launch Services are just quaking in their boots about this "breakthrough" development?

 

Air Boss, do you have any basis for your opinions or would you just like to continue hurling insults?

Musk has stated, numerous times, that they don't expect any ZEV credits by the forth quarter and that they expect, and are on track for a 25% margin without any credits by the forth quarter.

 

It's too bad you view rational, contrary opinion as "insults".

When the Q4 call rolls around, Musk's assertions and forward looking statements will either ring true or false. Put it in the parking lot and we'll come back to it.

 

"Very serious, and don't call me surly"

DBCassidy

 

Pot, meet kettle.

 

Air_Boss, you should sell some naked $200 Jan 2014 calls for $10 and make some money off the "fanbois".

 

I've been reading this thread and getting quite a kick out of it. However when you can't objectively look at your own comments (keyboard kommandos, fanbois, $TSLA, etc) and admit they are insulting it brings all of your arguments into question.

 

Thanks. I don't knowingly trade irrationalities, or with irrational people.