Not clear if there is safe play. Next Q earnings already revised down. This year earnings already revised down. Next years earnings revised down ... Even below last years. So expectations already lowered yet chance it could be slightly worse. Avoid pre earnings position and wait for post earnings?
Note: he mentioned "product". So what products does he have in mind for the future?
Unclejack, so do you see any near-term events that would yield upside to the stock? I guess settlements with Avaya, Axis, Dell, HP, Juniper or Polycom could come any day for the PoE lawsuit ... or unless they wait for the trial.
Bad news. It looks like even the mobile phone backdoor to the message boards will be closed. I received an email from Yahoo's Senior Director of Product for Yahoo Finance (Michael La Guardia) stating that they rolled out the changes first on desktop. They will be "rolling out to mobile in the coming weeks"
Yahoo seems to have replaced the message board with "communities". On desktop browser (IE and Chrome), I can no longer access the mesage board. On my cellphone, I am still able to access the message board ... for now
Interesting perspective. The production number is quite relevant as it was one of the major concerns: can Tesla ramp-up production to eventually deliver the larger volumes for Model 3 and does Tesla have a demand issue for Model S / X. At some point demand for S/X will not be as important as 3 kicks in. With the latest info, it looks like there is no production issue so there is one less thing to worry about.
A couple of other interesting questions is if Tesla really didn't have the orders, why would they build 18,345 cars but deliver only 14,370? Why would they stuff the channel with 5,150 vehicles. It will burn cash. Also, where would they keep these cars if they really weren't out for shipping? The Tesla dealerships I've been to don't have much space. They dont have huge parking lots or garages. So are these orders real? Is the out for delivery claim legit?
Surprising given their wording the last time around: "Q1 orders exceeded Q1 deliveries by a wide margin, with Q1 Model S orders being 45% higher than Q1 last year"
Wow, shocking huge miss. I'm glad I didn't get around to buying the calls as I planned. Near term, this might be a good opportunity for shorting. Longer term weakness may be a good opportunity as Model 3 gets closer to production.
Well, Tesla claimed that orders for Model S were very strong and have recently confirmed they will hit the annual target. Based on the vibe coming from the company, it is my guess they hit the quarterly target.
Here is the text from the last release:
Because production is now on plan and Q1 orders exceeded Q1 deliveries by a wide margin, with Q1 Model S orders being 45% higher than Q1 last year, Tesla reaffirms its full-year delivery guidance.
Quarter ended on Thursday. Normally, they would release on Monday. So, I'm expecting they will release anywhere from Sunday to Tuesday. They mentioned that they are producing 2000/week several weeks ago which was ahead of the target by quarters end.
Out here, I have seen many many Model Xs on the street. So the Model X production and sales seems to have picked up quite a bit. I also see a huge number of Model S on the road. I literally see one every 5 minutes of driving. One interesting comment is that I haven't seen the newer Model S with the new front bumper. I'll need to pay closer attention to see if this is really the case.