Tried shorting via calls, got burned. Wouldnt be surprised if the short-covering is whats powering it higher.
If so, the flame out when it happens will be big. But it looks like it will stay elevated at least thru earnings in Oct/Nov.
Natural gas hybrids would be the cheapest way to go here in the usa as well, so long at nat gas stays cheap.
Ford, GM, BMW, Nissan with billions of dollars and taxpayers help haven't been able to do anything close to what the Tesla is."
huh? Chevy volt has just as much range and you dont even have to find a charging station. And it costs much much less.
Prius a failure? Not really. One of Toyota's top sellers now.
Paying $80,000 to save gas money is poor economic decision.
They are buying Tesla for image not realism.
conversion helps the balance sheet by lower LT debt. But you are right, its also dilution, so the miniscule book value/share gets reduced a bit. Its questionable whether that matters to stockholders as nobody is owning this as a value stock.
"Musk knows this and cannot comment. "
Musk made comments that were practically an admission TLSA stock is overpriced. As in that its pricing in years of good execution.
This sure explains the price action, if GS is in on the ups and downs.
translation: expect TSLA to propped up above $160 for next 30 days, then expect the hammer to drop sometime in Q4 after the distribution of the converted shares.
EOY price target: $120.
"16M non-GAAP income from early payment of DoE loan."
What does that even mean? How do you make money on a loan? or they ignored a writedown? If so, why is that 'earnings'. So I can invent some 'non-GAAP earnings' that randomly excludes costs I dont want in the report? bizarre.
IMHO it will trade lower / less exhuberantly than the AH but what do I know.
my gut says short term 'volatile' longterm 'sell over $100/sh'.
Actually 700 miles would need about 3 stops of 30 mins each (driving to the site and waiting) so add 1hr 30 mins. Tesla model S is not a long-distance car for anyone but slowpokes, and neither will any BEV without a gas tank be.
". Will be a 5000 unit sales company for H2. " A car web site cited 1400 Tesla model S sales for July. That's only 8400 for H2 run rate. Not sure where they got that number, its odd Tesla doesnt release them themselves.
Tesla is on the hook for buying back every car sold that way. That's a liability on the books.
Its why the real solution is plug-in hybrid, like the Volt. no range anziety at all but drive electric 80% of time.
"Additionally, guidance for revenue and production is flat sequentially for both Q3 and Q4 at this point despite the international expansion, "
I am guessing so they can eke out a revenue 'beat' even if growth is small.
The valuation is indeed absurd.
you are paying more for Tesla than for 2x Fiat ... a company with $109B in revenue. That's right a price/sale well UNDER 1. So does F and GM etc.
So maybe by 2030, Tesla is superduper successful, and has sales figures of $20b ... and after all the stock dilution from all the options, have a stock price LESS than today.
Tesla is right about where YHOO was in dec 1999. Great company, crazy stock price:
Tomorrow's close will be lower than today's open, and longer term TSLA eventually goes lower, occasionally and briefly higher, and its chart will show its peaked, for months at least. Or not.
20 minutes every 200 miles, or less if the location isnt convenient. So you drive for 2.5 hours and go 180 miles (72 mi/hr) and have to get off and on (make that 5 mins each way from highway) + 20 minutes... 30 mins. so 3.5 hrs to go 180 miles ... Suddenly you are slower than the guy in an econobox.at 60 mi/hr.
Not a long trip solution.
Actually, I dont get it. Did they claim the whole $20k as profit and not put in any reserve or loss for this?
If so , you are right, the lease accounting is a fudge.
But then so is the whole credit / ZEV side of the equation.
Agree, but having seen salesforce earnings a few times, the 'glamour' fades. Back in the $140s EOD Thurs I think. The upside on this is more than priced in, its well into bubble territory as is.