That means probably LESS than 11c EPS in Q3. Probably near breakeven.
CURRENT CONSENSUS Q3 EPS ESTIMATE is: $0.30!!! OUCH!
And the true GAAP EPS is hemorrhaging from quarter to quarter. "True" losses are growing, not declining.
---"Tesla is scheduled to report second-quarter earnings later Thursday, and analysts polled by FactSet expect the company to report adjusted earnings of 4 cents a share on revenue of $824 million . That compares with earnings of 20 cents a share on revenue of $551 million in the second quarter of 2013. Tesla is seen posting a net loss of $55 million in the second quarter, compared with a loss of $31 million a year ago.
Please answer my question. It will be a good exercise for you to think about the subject of funding.
This isn't about me and my investing.
From WSJ article today:
--"However, investors have voiced concern around funding for the gigafactory. Earlier this week Nikkei reported that in Tesla’s gigafactory partnership agreement with Panasonic, Panasonic would invest only $200-300mn initially. Tesla noted back in February that the gigafactory would require ~$4-5bn of investment through 2020, with Tesla to directly invest $2bn. Investors hope that Tesla will provide color on the call around where the additional ~$2-3bn of funding will come from."
Q3 will be a disaster:
kbodie77777 • Jul 25, 2014 12:18 PM Flag
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-Watch the cash burn this quarter.
-Watch how many unsold cars they have in the "pipeline."
-Watch what happens to their accounts payable.
-Watch what happens to their interest expenses as the debt grows.
Then you will easily understand why S&P rating the debt 5 ENTIRE LEVELS below junk.
S&P essentially called Tesla a scam. The company produces almost no cash. There is no method for the business to repay the debt. If they can't borrow that leaves more dilution as the only way to "keep the dream alive."
When people have no substantive arguments, they resort to attacking the messenger. It's obvious what you're doing here because you can't argue his points. So what if he's a CPA!
This article is too misleading: PANASONIC is NOT pouring $5B into the Gigafarce. TSLA is funding most of it with money it raised in its convertible debt offering over 6 months ago. Panasonic is only investing $200-$300M initially. $5B will be needed but TSLA pays much of it.
This author needs to do proper diligence before posting this kind of lie. It could actually be actionable in a court of law if people lost money if they read this false information and bought the stock on this information.
To the author, you need to redo your article stating what I have stated here to be more correct.
And the stock will go up. Go figure, but I fully expect this. He keeps an eye on the stock price.
TsLAMAN - you must not be the sharpest tool in the box if you're telling people to "BUY LOW AND SELL HIGH" and then in the same sentence telling people to "go long" right now!
Are you capable of seeing the flaw in your logic? OK, well let me parse it for you:
a) The stock is HIGH right now
b) If you bought LOW, you would be selling right now, no?
Yawn... You people are so hateful to those who don't agree with your lofty "world view."
My comments to you were as a 3rd party observing your repeated ad homenim attacks on Kbodie.
Since you're a long, don't you want someone to continually bring up opposing viewpoints so you can double-check your opinion? Whatever happened to the notion of "Pros & Cons" to a discussion.
In summary: Grow up.
tslametrosxual - Quite to the contrary, Kbodie provides OBJECTIVE analysis, something you Tesla Sheeple abhor.
I haven't seen you find flaws in his logic or his postings. Why, because you can't. You simply don't like "diverse" opinions, do you. Just like the FASCIST LEFT, you like to stifle discussion with those who disagree with you (and those who are usually right).
Why do you dreamers always do ad hom attacks on the person when you lack any solid debate skills?
KBODIE Is not insane. But by your definition, you are insane because you've repeatedly posted mean-spirited tirades against him.
And by the way, I happen to like KBODIES's "====" because it's easy to spot his posts. At least he has character, unlike unimaginative followers like you..
Posting what over and over?
Sounds like you don't like to read logical analysis of trading divergences simply because you don't WANT to agree with them?
Today's TSLA vs. COMPQ trading divergence is so obvious, it slaps one in the face.
Maybe Obummer is going to come out with a Declaration of Independence from COAL POWERED CARS speech tomorrow?
Yep... How could the COAL POWERED CAR-MAKER close NEGATIVE on such a BULLISH Day for the markets?
(Other than some people know some negative news about Q2..... Hmmmm).
As predicted you would be attacking the article, but you provide NO SUBSTANCE to support your claim that the article is a "Hack Job" other than the fact that YOU don't like what it says. Please try again with some rationale that explains WHY you think so. I'm eagerly awaiting your brilliant reply.
Note to yourself: If you have a closed mind to either short or long views, you will be an abysmal trader/investor.
Let's face it: There ARE people who know how well TSLA did in Q2 and the stock is not behaving as if it blew out the numbers.
There are friends & cousins of TSLA employees, dealers, etc.
Do you REALLY think EVERYONE in the whole organization is keeping a tight lip about Q2 sales???
Of course not. Somebody knows something and the stock is not running up today with the rest of the market on such a bullish day.
On a down market day, TSLA would have been down much more.
The INSIDEEV numbers sure don't jive with the "Bad News From China" report.
How can TSLA be delivering as many cars as INSIDEEV claims if Tesla is having SO MANY problems executing in China.
Anyone have any ideas? Is INSIDEEV making this stuff up?
Thanks Keef.... Yahoo wasn't letting me post the latter half of the article as I think they don't allow two successive large cut & paste posted msgs.