Montana. You have made one BIG assumption: that the rollout of the X resembles the rollout of the S. The calculations based on that assumption are the easy part. To make the assumption is the easiest part of all. To make sense of that assumption is the hardest part. Until that is done, it's just calculations with no basis.
LOL Phooey. I wouldn't exactly describe Tesla as the competition. The last time a BMW/MB/GM/Appl/Goog engineer worried about the silly X or the imaginary 3 was never.
LOL. Simple answer. It isn't. But that doesn't mean it can't trade at $59. That it certainly can, and has been proven. But long term the proper value of future cash flows gets reflected in the trading price. How long is anybody's guess. But if the company runs out of cash, or loses favor for some unknown reason then it happens very quickly. Then ask your broker for the new listing symbol - maybe...
LOL I'm just catching up on old news..
Camaro! beat out AudiTT, Mazda Miata, MB(AMG-GT-S), BMW7, Civic. And was noted as one of the finest driving vehicles in the world at any price. So where was the S or X? Look out 2017 when the 3 is there!!
And all of this performance for less than $37k including tax credits.
I guess the fine print is that you do have oil changes, tires, and windshield wipers to replace on a regular basis.
I think your last comment about conversion rights and warrants is spot-on. That may perhaps be the only remaining way that a new debt issue (which is speculative no matter how you slice it) can improve the positiion of exisiting debt holders and thus open the door to negotiation of terms. But a straight subordinate debt with no conversion (ie with no speculative upside) ... I suspect even GS wouldn't try to stuff that in anyones fund. But they, including Eloon, have been inventive so far. I will give them full marks for that. The fat lady hasn't sung yet though.
LOL I thought you were pesssssimistic on this company, and yet you will take a bet that someone can save it? Well, you didn't tell us the odds on your bet. Maybe if it was better than 2000:1 you would bet a buck but nothing more. But back to reality... the business model is broken so badly that there is simply no way to turn it into a profitable company. Not JC, Allah or Moses could do it. Other than Leno buying it as a giga warehouse for his collection it's going to get sold at auction. Low opening bidders will be in a shock when they end up with the winning bid. And at GS it goes on to become the best story ever told around the bar.
I just loved science experiments too. Making stink bombs and puffs of smoke in the lab, aiming the water nozzles at the girls, going out at night to look at the moon and stars with a date and some beers and a cozy blanket. But that's all small change, and that was highschool. Now back to reality. Who exactly has $5B for what? Patents? Battery technology? The enviromentally challenged manufacturing plant? One-seventh of a Giga Factory? The four year old body molds? Client base? A used robotic production line? Or did you mean that eventually $10B of tax losses can be sold for $5B? I'ld go with your first price target in all scenarios - just my funny opinion.
LOL That's been the financial mantra since the Ronald Reagan days. And it's still consdidered main stream econooomics by many. Just phrase it as - lower taxes means higher revenue and what do you get. Votes.
LOL Do you really think that Eloon is going to disclose the margins for each of the segments? Roadster, S, X, WallHangings? It would be nice. But I would suggest, don't bet a buck or hold your breath.
And, of course, what really counts is the margin. But only the CFO (do we have one yet or still?) will maybe know that; certainly not investors.
The process of developing GAAP is quite extensive and quite public. It clearly isn't a bunch of ivory tower eggheads and government telling business what to do. It is a joint effort that involves mostly those in the business - accountants, auditors, financial officers, and not just academics or bureaucrats. Even you could participate if you have something to offer. So yes, GAAP isn't perfect, and the system of developing it isn't perfect either (in fact it's an international affair so there are Frenchies, Aussies, and a myriad of other types too, even the English who started it all). So hardly a "freaky derpday" or whatever, if you believe in public open process.
GAAP is not just one set of rules. It is the set of rules. It is the set of rules whereby company financial results are most fairly disclosed. And it allows for comparisons between companies in all industries and through different time periods. It is the legal standard by which companies are required to report. There are many reasons that GAAP has been developed over several hundred years, and is still evolving. The development of GAAP is a public process in which any person can participate. Anyone, and more particularly, any company or industry can make their viewpoint known if they believe there are better ways of showing results than the current standard. It is also well to rememeber that the impetus for developing GAAP was the habitual, common and pervasive fraud that used to prevail. The use on nonGAAP numbers still has that conotation after two hundred years.
LOL. Over the years there have been some wonderful jokes, rumors, blshite, speculation, tweets, twitters and twatnot about Tesla. But the latest article I read says that Tesla has been talking to the Chilean government about the possibility of an investment in lithium. The company will contribute some land and mining rights and Tesla will contriubte cash for exploration. CASH!!! Please help me. I am short oxygen laughing so hard.
Some facts please from those who think this is an important issue. What percentage of the lithium market does Tesla need? Is the lithium market over-supplied or under-supplied, ie are lithium stockpiles increasing or decreasing? What is Panasonic's position on this? Aren't they the real buyers of lithium? And, of course, what are the cost changes that could possibly result from having a lithium contract or owning a lithium mine? Does it make Tesla profitable? Or is lithium really just another diversion to avoid talking about continuing losses and the need for a fifteenth secondary dilution or a twelth convertible subordinate debt issue?
LOL. You are worth the price of admission! Exactly what I paid to get on this board. Thanks.
LOL And then again maybe you really are that astute, aware, insightfull GS analyst the sees buckets or profit . Next year!!
LOL. leprosyjet You are wonderfully, magnificently, delightfully ignorant of how to read a financial statement. Thank goodness there are buyers like you out there to keep the stock up, and the company afloat with new capital.
LOL But it didn't change the fundamentals of the company. Losses forever. Bankruptcy never. And if you believe that, I have some Bridges to sell and some land in Florida as well.
LOL. The idea of having VictoriaSecrets' doing the installations. Even I would consider that. Come to think of it, other than the extentsion of the Tax Credits nothing is going to keep this piggy flying for long.