They just built a whole new line to build the X model which is standard with an AWD chassis. And there have already been rumors that the S will be getting AWD. Doesn't take much to realize that until the X goes into production that that assembly line can start putting AWD S cars together.
What happens to the extra 1000 of cars produced each quarter which are not delivered? Do they count as delivered the next quarter? Or are a lot of these undelivered cars used as demos and loaners?
Ahhh, his words are so golden after driving GM into bankruptcy while still flying the $10k per hour corporate jet. I guess he knows a thing or two about valuation on the low end.
And keep talking down the price of the stock. That will make investors happy, their corporate option holders happy, and be very beneficial if they ever need to raise more capital.
He said it all depends on the last few weeks of the quarter whether or not they beat on deliveries. He noted there could always be a production issue or an issue with customs delays or any number of things. But he DID NOT say that they were currently off track to hit or beat their own estimates. When they are producing 750 cars a week, a one week delay could of course significantly effect the overall number but there has been none.
Second Musk had about 2000 cars produced but not delivered at the end of last quarter which likely were in transit to overseas locations. If Musk needed to juice deliveries to make the quarter he would just shift production and deliveries for the US orders as they can be delivered in a day or two. I'm pretty confident Tesla will beat their own estimate and reaffirm guidance. I wouldn't be surprised to hear that their weekly production rate is at 850-900 with Musk guidance of 1000 per week by end of Dec.
Good idea. Android never forces an upgrade because of the non-compatibility of all the devices. Owning an Android device is like the movie Groundhog Day.
Wow. That was quick. Their sales are so poor at a subsidized price of $199, that they've basically decided to try and unload inventory by giving them away. Sounds like the MS Surface. Quite frankly, nobody buys a smartphone predominantly to shop with it but Bezos thought they would. Stick to the tablets Amazon and cut your impending Fire-sale losses soon.
I think you are right. Everyone keeps saying that everything is already priced in, but what is really priced in is what is known such as the sizes of the new iphones and increased demand for them. There may be some partial pricing in of an iWatch but nobody knows exactly what software and capabilities it will have. There is rumor of NFC and mobile payments but that has not been confirmed either. What if Apple announces a perfectly workable mobile payment system such that nobody will need to carry a credit card with them? And if they announce that VISA and MC and AMEX are all ready to begin accepting charges via the iPhone on Sept 19th? Sure, that is something that every other tech company is working on and will likely copy Apple but if Apple actually launches it and it works seamlessly, this stock is going to pop $10. That is absolutely a game changer which will draw more purchasers of iPhones while the other manufacturers try to catch up.
If Apple announces and demonstrates a new form of paying for products with NFC on the iPhone and/or iWatch and people can see the utility in that, the stock will start a new run to $125 over next 6 months. If Cook just comes out with a bigger iPhone and a satellite operating iWatch, then expect Apple to drop to low 90s if not below in coming weeks. This is the time that Cook has to show that Apple is indeed innovating and changing how consumers use Apple products and create demand for them and new items. Apple attained $700 in 2012 because there was hope that Apple would continue to grow and innovate. It dropped to $380 because Apple showed no evidence of ability to innovate post-Jobs. The hope is back and the stock is back to $700 but it won't maintain it if just tweaks on size are presented tomorrow with minor tech enhancements.
I 100% agree. I will say this though. When I used to invest based on logic, I never made much progress. But when I changed my premise to The Market is Corrupt, my account went up substantially. You have to know who to listen to and determine why someone is saying what they are saying. Why did GS come out and publicly recommend GM when it was $36? Why are they so benevolent to the public instead of saving their advice for their paying millionaire customers?
The one guy announced his short position (1 share or 1000?) and his counterpart disagreed with the move on the premise that Aapl usually moves up approaching new iphone releases. Aapl has been up since his very loud short announcement. Did he really expect Aapl to drop or was he hoping to get the herd to follow him in hopes that in 30 days, the short herd has to buy back at $105+? Isn't Finerman long again also?
With the S&P currently down 1.6% today, it's more or less up 5% now for the year, a dangerously overexhuberant 8.57% annual rate. That's just a normal historic return for the market. All, not just some or most, but all US economic indicators are solidly positive. There is no real estate bubble and the Fed isn't going to repeat the Greenspan mistake by slamming on the interest rate brakes and cause another seizure in the liquidity markets. It's pretty clear Yellen will ease on the brakes and will likely do so simply by slowly reversing QE by selling accumulated US Treasuries, at a trickle and well within the demand so as to slowly decrease bond prices and raise rates. Only what the market will absorb. August is historically a lemon of a month so it wouldn't be a surprise to anyone if it was flat or down somewhat like all the chicken littles coming out of the woodwork. Remember the fear mongerers stirring Sell in May? Didn't happen.