There were delays in shipping cars at the end of Q4 due to labor action at the port of Oakland. That means they saw the expense of making those cars in Q4 but got the revenue in Q1.
Despite EM's vow to spend staggering amounts of money on Cap Ex, the rate of supercharger installs has dropped from Q4.
A general lack of expensive fire drills, like the Norwegian motor replacement exercise in Q4.
The last time they beat delivery estimates and announced it early, it was not the only surprise.
I love it when short sellers "just know" these things.....
I don't think Tesla will be so rash as to turn a profit, but I wouldn't be surprised to see financials are significantly improved over last quarter.
Do your due diligence, they are NOT the dominant lithium supplier in the US. They just have a nice website. (All hat, no cattle). Their other product lines include drilling mud for oil & gas exploration, which is way down due to falling oil prices. I looked at them months ago and walked away.
People are going to keep their old clunkers a little longer while waiting for the Model 3...
Honda's earnings are down 46% y/y in the most recent quarter.
It's a broad market sell off. Historically TSLA is about 3x the volatility of the NASDAQ. Today QQQ is down 1.5% to TSLA should be down 4.5%. The relative strength is actually pretty good.
I bought another 200 shares right after this morning's low.
Those are reservations with token deposits. I'm talking about firm detailed orders with all the colors, options and prices spelled out.
Another true but biased comparison. Electric motors are 90% efficient. Gasoline engines only recover 25% or so of the energy content of the gasoline.
You are trying to "prove" EVs don't work, but Tesla is shipping 1000 of them a week.
The energy density of gasoline hasn't changed in 100 years. Batteries on the other hand will only get better and cheaper. In just the last 20 years we went from NiCad to NiMH to LiIon technologies.
The S40 and S60 are already discontinued. Current offerings are the S70 and S85. How long before the S100 is introduced? The S150?
I agree that the cost needs to improve substantially. Energy density only needs modest improvements. Both are only a matter of time and then EVs *will* become mainstream.
It's the only reasonable alternative. Those who cling to the past are making a deal with a devil to give up reason in favor of feel-good rationalizations of why things should stay the same.
You set the bar too high. The energy density of gasoline must be far higher because we need to transport gas 1/2 way around the world before using it once. A battery only needs to be transported back to my house (a place I visit regularly, so it's quite convenient) to be recharged over and over again.
But thanks for uttering the words "gasoline will become obsolete". It's nice to see that idea gaining traction.
The current structure of the auto industry, with 20 companies and franchised dealerships, is over 100 years old. It dates back to a time long before internet, email, cell phones. Even radio and telephones were not a given. People just did not think globally.
Look at every recent innovation and you will see a pattern of one dominant player and a number of interchangeable me-too players.
Internet Search: Google. (With Ask, AltaVista, Bing, etc as also-rans)
Microprocessors: Intel (With AMD, Cyrix, Microchip and ARM as also rans)
Smart Phones: Apple (With many also-rans united under the android banner)
Social Networks: Facebook (with dozens of special purpose forums for things like scuba diving, getting laid, and removing malware from your PC)
It's debatable if the mainstream auto business will go fully electric. I think it will, but many here will say I'm nuts. Set that aside for a moment,, and consider the implications of globalization and technology standardization *if* they succeed.
If the auto industry goes electric, Tesla will absolutely dominate that. The ICE makers signed their own death warrant when they got together and forced the 'frankenplug' fast charging standard to be adopted as a way to undermine Nissan's (admittedly clunky) CHAdeMO standard. While they are bickering over which of these two 'standards' is less hateful, Tesla is rolling out a global charging network that the other makers will never be able to catch.
I've said before, Elon Musk has a gene missing when it comes to sensing fear. He is playing for all the marbles.
If Elon Musk pulls it off, Tesla will not only be *the* dominant car maker, they will also be the dominant battery maker and the dominant supplier of charging services. Come to think of it, in 50 years if Tesla is not bankrupt, they will very likely be the owner-operator of a unified and global electric power grid.
That is the long term upside that shorts are betting against.
In silicon valley, I'm seeing 20 or 30 a day. They are just another nice car now. It's just like when the Prius was 2 years old. It suddenly stopped being that alien shuttle-craft looking thing and became just another car.
Depends a lot on how deeply you discharge them. The limited life of laptop and cell phone batteries is due to how they are used. They want the absolutely longest run times, to put on the spec sheets for a brand new device, so they push the batteries way too hard. Secretly, they also don't mind if a dying battery prompts you to buy a new phone or laptop in 3 years.
Battery management in an EV or home storage system will be completely different, so expect much longer usable lifetimes.
Seriously? We are 'long-tards' *and* 'three year olds' ? Nice irony you got there...
Ever heard of the Osborn Effect?
Tesla will not make noise about the Model 3 until shortly before they are ready to take orders.
Same for Model X. They are building and testing them now but the next thing we hear will be the announcement of final pricing and options when they are ready to ramp production.
(Invent the notion of free energy from the sun)
I spit out my coffee. Every day, all day, 24 hours a day, for the last 4 billion years, earth receives 174 million, billion Watts of solar power. Without it, we'd be a giant spinning chunk of super-cold ice.
It has never sent earth a bill for this.
If ever there was an undeniable fact, known instinctively to even the dumbest cavemen a million years ago, it's that the sun provides energy and doesn't charge for it.
Even *plants* know it, and grow towards the source of their power....
Congratulations, you said something that was actually *dumber* than a potted plant.