Ah, another guy with a crystal ball after-the-fact. Before the ER, I asked you for your estimates on units delivered and margin. You did not provide any.
I simulated the financials based on 6,000 units at $10,000 ASP and 20% margin.
Actual unit delivery is below 6,000 but ASP is higher. Revenue is pretty close to my estimate of $600 million. Margin is actually 21% instead of the 20% I used.
@jmcvicker: On your BART ride back home this evening, you don't need to read any documents. If you do not understand the simple concept that an increase in AP is a positive factor for FCF, there is no point in reading anything. Have a drink in BART instead, with the operator!
@ballcoach: Not that you have anything left to bet, but I bet you any $$ you want, that 8-K does NOT have the $78,000 ASP number that you kept mouthing for Q2. Nor the 8-K shows an ASP of below $100,000 for Q3. Any $$. Right here, right now.
@kbodie: Ah, the guy who was hiding under a rock and now emerges from the dark. You never answered my posts. Why are you here? Any cash flow issues that you need guidance?
As for that guy who said $26 million of cash flow is chump change, CONGRATULATIONS! It is! Nobody said it is not. What exactly is your point?
There was no secondary in Q3. Cash flow was positive and cash balance went UP.
Model X won't be produced for another year. Why would Tesla need a secondary? What are you smoking - can I have some?
Companies do not run out of money because of positive free cash flow. I hope you understand what FCF is. I eat FCF for breakfast.
You should hold your short position for a while. Good for you.
The drop is the result of punishment on the 5,500 delivery number. It is BAD.
You are the ONLY idiot here arguing with everybody else.
You are not even an accountant. Are you certified? @jmcvicker has already taught you how to read the numbers. You just refuse to listen.
@ballcoach does not know how to read financial statements. Thanks for taking the time to provide him with the correct numbers. He is too busy fondling the 8-K !!
Elon management reports focus on non-GAAP. He reported $600 million. He reported 5,500 vehicles delivered.
Even my dog knows if you take a different revenue number, say $430 million, you CANNOT divide this number by the same 5,500 that Elon reported. Doing so will be mixing oranges and bananas.
@ballcoach mixes oranges and bananas every day. @jmcvicker has told him so. @dniev1 is now telling him so. I told him a dozen times already. He just refuses to listen. Pathetic!
1. Since you have the 8-K, did you find the +$26 million of cash flow? You lazy SOB. POSTIVIE cash flow.
2. Learn some Englsh. @jmcvicker has already taught you how to read the financials. ASP in Q3 is more than $100,000. Even my dog knows it.
You are born as a mean individual. I realize that.
Your English comprehension is below Grade 5. The 1st page of management report. BOLD LETTERS. Q3 revenue was $600 million. Since you cannot divide, let me do it for you below:
$600 million revenue / 5,500 vehicles means ASP is WELL ABOVE $100,000.
We were debating Q3 ASP. I said at least $100,000. As far as ASP is concerned, I was right. @ballcoach, you were WRONG.
Also, I was right on the Q3 revenue. ASP was higher than my estimate and unit volume was lower. They washed and Q3 revenue was $600 million, dead-on.
You should be careful. I won't hold my breath about the going back to $175 part.
5,500 delivery is disappointing at best. People are not very forgiving these days. Punishment will be HARD.
From now on, it will be DOWN for a while.
I am not even sure about the $135 re-entry level. I would be careful.
5,500 delivery in Q3 is DISAPPOINTING. Elon knew about this when he "talked down" the share price a while back. The VIN simulation was faulty.