Shorts have loaded up and there's no more "artificial" news to artificially drive this higher.
(the 100,000 production "in" 2015 misinterpretation of Elon's "100,000 rate by the end of 2015" can only drive this so far before the hypesters realize TSLA won't be making that many cars in 2015 total.)
Wow, a $100M increase in A/P, quarter over quarter??!!
That sure seems like they cooked the books to make the quarter look like a beat.
That said, I'm not as concerned by the 2500 unsold cars "in transit" because they had the plant closure for retooling and would have no doubt tried to build inventory.
But the A/P increase is staggeringly suspect.
Did you check from quarter-to-quarter - does it appear that they postponed paying some A/P bills to help them beat EPS estimates?
With Muskrat's smoke & mirrors, I wouldn't doubt it for a minute they cooked the books.
Yes, and note how the SLICK Muskrat states that the annualized rate of production will be 100,000 at the end of 2015. Morons interpret that to mean that TSLA will be making 100,000 cars IN 2015, but that's incorrect. They will start 2016 at that production rate (if all goes as planned).
Yes, this certainly isn't the type of quarter (Beat EPS estimates on a Fake-GAAP basis and then guide down usually causes a stock to tank the next day after earnings).
In the minutes after earnings were released, the stock traded as low as $208.72, but then foolish newbie buyers stepped in, thinking an 11c "beat" vs 4c EPS estimates is a grand occasion to buy. These AH buyers will be burned tomorrow because analysts don't have much to be upbeat about.
Analyst was baffled by the.... you didn't finish your sentence.
Can you provide your best paraphrasing of what the Deutsche Bank analyst asked: __
And what was Muskrat's response? __
The stock isn't rallying in AH because it'll be obvious from Muskrat's slick financial statements that they used smoke & mirrors non-GAAP to show 11c EPS.
Does anyone know? Does Elon even know?
No Model-S's produced during that time, so Q3 will be a dud. Impatient money will move elsewhere.
Ummm, where have you been? Samsung ate AAPL's lunch with the Galaxy.
IT ws a poor choice for AAPL not to make a large screen Smartphone and they STILL don't have one. When I see people using iPhone Minis, I start laughing. Pathetic.
This means there WILL be pricing pressure for AAPL. No getting around that fact.
Samsung woes means PRICE WAR. Not good for AAPL or other competition. It's clear that Samsung will cause pressure on AAPL's profit margins. This is the beginning of a "SMARTPHONE PRICE WAR."
----"Prospects for growth remain unclear as competition over global market share intensifies in the mobile industry," Samsung said in the statement.
The company said the second half "will remain a challenge", as profitability in its mobile unit may suffer due to a heated race over price and products.
Analysts say Samsung will have little choice but to cut smartphone prices because customers will find less reason to pay double or triple the price for a Galaxy phone over low-cost models made by Chinese brands. Samsung may need to increase its focus on making smartphones in the below-200-dollar range, while the company will have to find a ways to produce its high-end phones more cost-efficiently, they said.
Competitive pressures from Taiwan & China for Samsung haven't been "ongoing for over a year now."
This kind of news does affect AAPL too.
01:58 PM EDT, 07/30/2014 (MT Newswires) -- Apple (AAPL) slips Wednesday amid a report of delays for its iWatch.
Executives at longtime Apple supplier, Taiwan-based TPK -- thought to have been selected by the iPhone maker to manufacture touch modules for the iWatch -- are said to have revised earlier forecasts for a profit uptick in Q3, pushing the expected surge back by three months in what is seen as an indication that Apple's wearable is suffering from delays, Apple Insider reports, citing Taiwanese press.
Separately, the Sapphire display is seen as unlikely for iPhone 6 amid production woes, says Apple Insider.
Downstream component makers would have had to begin shipping the sapphire display covers to Apple's assembly partners in June to meet the company's September deadline, market research firm TrendForce said, according to the Apple Insider report, but those shipments have not yet appeared.
AAPL has moved between $97.67 and $98.70 in Wednesday's session, moving in the upper end of its 52-week range.
Price: 98.20, Change: -0.18, Percent Change: -0.18
Samsung reports tomorrow before the open and will likely highlight the competitive pressures from Taiwan & China. This may put a spotlight on competitive pressures for AAPL that people have been ignoring in recent days.
Samsung could also announce a new competitive product or strategy that will impact AAPL.
AAPL is also delaying the iTV release (to be confirmed soon) based on earning forecast of a noted iTV supplier.
AAPL has been underperforming the market in the last two trading days. It was negative yesterday & today on green days for the markets.