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Tesla

PostPosted:Thu Oct 25, 2018 10:12 am
by Miscellaneous
…deserving of a thread of its own.

Tesla shows $300m profit in quarter ending Sept. and shares jump 10%.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 10:56 am
by stevelup
Shame about the $750M losses in Q1 and Q2... and every other quarter except for two since they began trading.

One swallow does not a summer make.

I'll obviously be willing to eat my words if this trend continues!

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:02 am
by malcolmfrost
The ramp in 3 production is making it possible, the margin is 20% and demand is strong, they have produced a desirable family sized car with excellent range and mind blowing performance at a reasonable price.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:10 am
by karlbown
Good to see. I ordered a model 3 on day one, should get it 3.5 years after the order went it. It seems very popular in the US.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:11 am
by karlbown
That happened with Amazon as well. Seems to be going pretty well now!

stevelup wrote:Shame about the $750M losses in Q1 and Q2... and every other quarter except for two since they began trading.

One swallow does not a summer make.

I'll obviously be willing to eat my words if this trend continues!

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:17 am
by JoeC
karlbown wrote:Good to see. I ordered a model 3 on day one, should get it 3.5 years after the order went it. It seems very popular in the US.


3.5 years! Really?

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:19 am
by karlbown
JoeC wrote:
karlbown wrote:Good to see. I ordered a model 3 on day one, should get it 3.5 years after the order went it. It seems very popular in the US.


3.5 years! Really?


Yup, not the longest I’ve waited for a new car!

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:32 am
by Miscellaneous
stevelup wrote:One swallow does not a summer make.

For sure, however it is a step in the right direction and crucially the markets/analysts are fairly positive about the future. Not that I'm convinced.

Personally I won't be ordering one anytime soon. The reasons are many. :D

karlbown wrote:Good to see. I ordered a model 3 on day one, should get it 3.5 years after the order went it. It seems very popular in the US.


Let's hope the delivery driver takes more care of your new Tesla than this guy. :shock:

Image

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:47 am
by oldscoolboy
Model 3 outselling BMW and Mercedes in America of similar size cars. 3 series and C Class. Soon to wallop Audi.

5000 cars a week being produced and they have an order list to shift them. Can't not see the books going into the black. Would imagine they have some loans to pay off though.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 11:55 am
by KingJames
What was the difference in the cash position for the period the profit was made in out of interest? Could be good reasons for it not being reflective of the profit however could also be a sign of accounting tricks from someone overly motivated to make a profit.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 12:05 pm
by JoeC
KingJames wrote: a sign of accounting tricks


I thought that was the only form of accounting..

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 12:26 pm
by Paul_Sengupta
karlbown wrote:Yup, not the longest I’ve waited for a new car!


I've waited quite a few years for a new car.

Thankfully they seem to make second hand ones more in my budget and they're available almost immediately... :D

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 1:01 pm
by Pete L
I am rarely more than a brick away from a second hand car, my fuel economy is great and I don't have to worry about the maintenance costs. Environmentally friendly - manufacturing cost is sunk, the previous owner won't be burning any more fuel in it, and the wreckage is available for recycling.

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 3:57 pm
by Dave W
Pete L wrote:I am rarely more than a brick away from a second hand car...


Isn't it a bit breezy when driving it away?

Re: Tesla in profit...

PostPosted:Thu Oct 25, 2018 6:07 pm
by Rob P
I expect his balaclava keeps him toasty.

Rob P