Have I started any new topics that didnt deal with Tesla corportate, ratings, gigafactory,
or the cars?
Anyone texted insults to you lately?
What did you have for breakfast.
... once enjoyed some of your insights to the industry, now youre becoming tiresome.
Check out your last 5 posts before this one, Axconith. Not one of them had to do with stock investing.
Any "change" (your typing) of this being drivel?
I guess it means what you post is always spot on? And what someone who's actually, you know, SOLD a car, isn't spot on about the business? Come on!
A billion here, a billion there, pretty soon youre talking about real money.
The fact that the gigafactory, pod cars, energy storage, pickup trucks and all the other nonsense Musk has floated were just to prop up the stock price, thats a minor detail?
((( 1) $850M in cash, a/r net of payables )))
Tesla closed Q3 with $1.451 billion cash (none of it earned).
Tesla closed Q3 with $1.199 billion is account payable.
Tesla closed Q3 with $1.293 Billion in inventories.
Some Tesla longs simply refuse to see what is going on. Quarter after quarter Tesla converts large amounts of cash to unsold finished goods. The report production and sales and consistently produce hundreds of unsold cars.
Some Tesla shorts simply refuse to see what might happen with the unsold inventory. Reversing the flow with an inventory sale could produce spectacular (but unsustainable) results.
Being short Tesla when/if they becomes "profitable" (giggles) on a massive increase in sales (thanks to incentives and discounts ??) could be risky.
Conclusion: Tesla is ultimately doomed. Wait and hope for the "magic quarter" to happen then buy those bloody 2018 PUTS or even better 2019 PUTS.
I have never once proclaimed to be a genius. Typical response from a child. At least you printed something instead of using your finger(s). Then you wouldn't have to defend your childish actions.
You must be new around here. LOL. This place is garbage. Bunch of unemployed tea party senior citizens complaining about "greenscams."
((( All the 2.2B of money slated for GF construction is already used up in normal operations. )))
Why are you fixated on these minor details?
If in non-GAAP, they reported the present value of all the lease payments, then they should include the reserve. The change in GAAP you described doesn't sound like a huge deal.
Robots for fans?
Driverless cars on the way in motorsports as Formula E announces Roborace
A driverless Formula 1 could be a thing of the future, if an experiment over the next two years is a success.
The world's first electric car racing series is planning to add a driverless championship in 2016-17 as part of its support package.
Formula E, now in its second season, has announced a new 'Roborace' series.
The aim was to ‘provide a competitive platform for the autonomous driving solutions that are now being developed by many large industrial automotive and technology players as well as top tech universities.’
Top Formula 1 pilots such as Lewis Hamilton are now worldwide stars, though they may become a relic of a bygone era.
Formula E's current championship started in October and runs to July next year, meaning any new series would be part of their third season.
The plan would be for Roborace to take place before each Formula E round, using the same circuits in major cities worldwide with ten teams each fielding two driverless cars.
Races would last for one hour and all teams will have the same cars, competing ‘using real-time computing algorithms and AI (artificial intelligence) technologies’, according to a Formula E spokesperson.
((( If the same reserve were to be applied to the 21,269 "operating lease" vehicles, Operating Losses since 2 Q13 would be about $53 million higher. )))
1.) Tesla did not sell these cars, they did not recognize the revenues.
2.) The revenues & expenses expenses will gradually appear on the P/L statement.
This is an age old problem that goes well beyond warranties. The reason US employers offered medical insurance at retirement was because that obligation was not recognized on the balance sheet. When the accounting rules changed it caused massive disruption.
Thanks, that explains it. I guess the non-GAAP reporting if consistent would add a reserve related to the revenue added back?
Any thoughts on how the following excerpt from the 10k will affect the GAAP and non-GAAP net income:
"In May 2014, the Financial Accounting Standards Board issued an accounting update which amends the existing accounting standards for revenue recognition. The new guidance provides a unified model to determine when and how revenue is recognized. Under the new model, revenue is recognized as goods or services are delivered in an amount that reflects the consideration we expect to collect. The guidance is effective for fiscal years beginning after December 15, 2016; early adoption is prohibited. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method and are currently evaluating the impact of adopting this guidance on our consolidated financial statements."?