Unfunded pension is a little bit different from unfunded warranty liabilities. The pension plan is not part of the accounts of the company; it is it's own entity. The company simply has to make certain cash contributions as per legal funding requirements. The pension expense and liability of the company are determined with certain actuarial and investment assumptions which allow a long term amortization of any shortfall or surplus. And of course this is hugely negotiable with the auditors and actuaries, so we know how that plays out! The warranty liability is however directly on the books of the company. So pick a number based on some spreadsheet calculation and tell the auditors to fly a kite, if they ever dared raise a query. Because who knows more about kites than warranties. And unless you are paying huge amounts of income tax on outrageous profits and you are looking and begging for expenses you know with exactly 100% assurance that the warranties are underestimated by factors of 10. But then again, when you buy a car that has almost no moving parts compared to an old ICE dinosaur who needs warranties!
I'll take door number 3 and 4. But you know that GS and boyz will be talking them behind closed doors because that simply means there is a huge need for new cash - the eleventh or fourteenth tranche. I say bring back Lehman Bros and Bernie Mad'f'off. They knew a thing or two about making numbers sing and pigs dance.
I keep hearing that TSLA is a fast growing company... then I looked at the revenue per financial statements
So does that mean Q415 = 980 or 1500 or 25000?????
Now who is it that is running the deliveries to the Space Station? Oh yes, the Russian government. Because they have the technology and can do it for the right price. Those darn socialist pinko communists!
Non-GAAP is non-defined. It's just made up to suit the day and the agenda. Please only talk GAAP numbers. That's the real deal.
Energy independence has been the stated policy of the USA for 40+ years. Where are you Jimmy Carter when we really need you? We laughed at you back then with your sweaters and thermometers and fuel efficient cars. The silly dreams continue, only this time it's wonderful electrons that are going to save us from a harsh reality. Excuse me, time for me to go and reread my Popular Science mags from the 60s.
The financial statements (unaudited) that I saw didn't even show current assets and current liabilities. Everything was just jumbled together. So n0mo is the only one to have noticed this? The analysts didn't say anything, did they? But that could be explained because the above calculation is difficult for them. And to ask a few follow-up questions like... who are these suppliers, and are they going to live with a 90, 120, 180 days receivable? Or did they negotiate some better terms than that? Are they going to continue to deliver on credit or are they going to start asking for cash up front? And if they do start to ask for cash then the terms of BK are 30 days net. Shhhsh. No one's even thinking or talking of that.
Could we please talk only GAAP numbers. Anytime management or the board or an analyst wants to use non-GAAP or non-non-GAAP numbers they have an agenda to sell. GAAP numbers are the real state of affairs. That's what gets audited, that's what gets published, and that's what should be talked about. Unless we all just want to make numbers up according to our own rules, which in that case, the year end numbers show a GM approaching 25%, a decreasing SG&A, increasing reservations and at least one week of positive cash flow. Now doesn't that POS smell lovely?
Will it be 10x sales soon? And then we'll look for 11. Things are looking so bright I better find my sunglasses to match my butt enhancing fabululuous tights.
So if I understand your logic correctly. You start from an assumed Net Loss and work back to what the Gross Margin must be. And you note that with these calculations that the GM has then moved from a -17% to 12%. And life is great at that point? The Eloon has come to the rescue and all is the best in the best of all worlds? (And of course they were cash flow positive for a week back in November.) Now, what was the point of this whole exercise? It certainly wasn't to figure out Net Loss because that was the starting assumption. Or was the objective to show that a Net Loss of only 60M is totally unfathomable?
Board is now officially DEAD. The girls of Oracle and RetailExec fame have gone. So who is buying it anymore. They used to make us smile in the morning with their important info and now they seem to have abandoned the fabululuous for the unknown. Well if it ever does get to $100 by Christmas this year or next they are sure to be back and talking about lovely tight butts in lycra. Until then have whatever fun you can here and never buy LuLu's in size 14.. Bye now.
Do you not mean Buy into the Loss? I have a slight suspicion that TSLA isn't going to have any earnings this quarter or this year, unless you want to qualify that by negative earnings. Or did you mean Buy before the next "secondary" issue? There is a good chance you will be faced with that long before there is any Buy into the Earnings.
Oraclebaby, come on back to the LuLu board. The longs need some real encouragement there. It feels as if you bailed on them and now they are bailing on the stock. But can you really doubt that they are right?
Retail Oracle... Professors, what so u say? Can we still count on this? Christmas this year or Easter next or when?? You girls still in or have you bailed and moved onto bigger and better things?
From Forbes.."It’s fine for Mercedes-Benz, Porsche and others to work on hybrid and electric powertrains for their sports cars and—who knows—maybe a future Corvette will have that technology too. But for now, a Corvette is not a Corvette without a burly V8. Period. It is the heart and soul of a ’Vette, an inextricable part of the car’s history since 1955.
Chevrolet has already announced that the C7 Corvette will be powered by the first version of an entirely new generation of V8 engines codenamed LT1. It will have 6.2 liters of displacement and Chevy pegs preliminary output at 450 horsepower and 450 pounds-feet of torque. It should be good for 0 to 60 in less than 4 seconds, Chevy says. Just as important, it will be the most fuel-efficient engine ever offered in a Corvette, beating the current model’s 26 miles per gallon on the highway.
Corvette sold only 13,164 units in 2011. C7 sales are expected to be around 30,000 units per year from 2014."
I'll take one in red or white or blue or black or purple or pink, just not green. And don't talk to me about putting a seventh passenger in a rear facing seat. Rip, you could have waited for this instead of getting a second S! This 'Vette even has a chance of making old guys sexy again (maybe).
Kierkn_v, you make some good points, and you are absolutely right that we all watch football and don't bet on every game. It's just fun to watch the real pros. I must say that I love watching how this operational, marketing/sales and financial disaster is able to levitate its stock price every day. There has to be a secret behind it and something to learn - doesn't there? Is Eloon a real pro or just a scammer as Kbodie says? Can they continue going to the secondary market (for a fourth, fifth time) just to pay the rent, lights and office supplies. If so, then this old dog sure wants to learn a new trick.