Tesla q2 earnings 2017




Tesla q2 earnings 2017

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  • Automotive revenue in Q2 increased by 23% over Q1 and by 47% compared to Q2 , mainly due to Model 3 deliveries. There were no ZEV.

    Tesla posted a narrower-than-expected second-quarter loss Wednesday, boosted by revenue that nearly doubled. The strong revenue was.

    After market close today, Tesla released its financial results and shareholders letter for the second quarter Wall Street was expecting.

    Tesla q2 earnings 2017

    Tesla q2 earnings 2017

    I made a mistake and posted it in response to a different post of yours. You still dont get it. Summary Toggle May 3, 2: They can easily resolve the question marks, but that would break the distortiton field. OCT 5

    Tesla q2 earnings 2017

    Tesla q2 earnings 2017

    Tesla q2 earnings 2017

    Tesla q2 earnings 2017

    Tesla q2 earnings 2017

    Tesla Q2 earnings preview: Layoffs, auto revenue, cost of Model 3 ramp

    As is its wont and prerogative, these numbers are, of course, wrapped up in a deftly-spun, positive narrative that the company hopes will inspire investor confidence. Earlier estimates had suggested a smaller loss, but it was raised after the automaker recently reported only about 22, units of the Model S and X were delivered in the second quarter, which is over 3, vehicles short of forecasts it delivered 25, in Q1 of , by comparison.

    Automotive gross margin, an important metric that indicates the level of profit on each vehicle built rose to The target rate for is said to be 10, per week. Elon Musk has said the company has received about , reservations to date. It also boasts that it opened 29 new stores and service centers in the 2nd quarter, bringing that total to a nice round The first Tesla solar roofs have been completed at the homes of customer employees , echoing the tactic taken with the first Model 3 cars.

    Tesla q2 earnings 2017

    We hope to get further information about this production ramp a little later this evening during the call with analysts. As we noted, Musk expects deliveries of Model 3 to ramp upwards exponentially. Margins on the Model 3 are expected to be minimal at first, only going positive in the fourth quarter. By next year, though, expectations are for it to hit a significant 25 percent.

    Perhaps Tesla is rediscovering what Henry Ford learned a century ago: High end cars have great profits but few buyers.

    Tesla q2 earnings 2017

    Tesla is still a bright, hyperactive teenager at 14 years old, in an industry full of year old geezers stuck in the past. Its like when teens discover sex and love at 14, and think they stumbled on a big secret that their parents never knew. Should be easy enough to figure out from current financials and necessary for any investor to know, for the company itself to know. The automotive industry requires constant re-investment.

    The capitol costs never go away. But Tesla is just a startup blah blah blah. They talked about this in the conference call. The Model 3 ramp up means they have the expenses of an assembly line for 5, cars a week, but the income of 30 cars a month. They described it as the same as building a factory to make soap.

    Talking about losses while still at the bottom of the S-Curve is like the folks who said GM loses K on every Volt they build. It was fake math, and quickly and widely debunked. So unless you want to revive the K losses for the Volt meme, what is your point? The profits are based upon much longer term numbers. Simply the anti-Tesla knee jerk nonsense we always see from him.

    Tesla q2 earnings 2017

    You failed at pointing out any inaccuracies in my above comment. Nice way to meander off topic though. You should apply for WH communications director.

    All of this was intended to be a response to your mumbling and grumbling about 3. Model 3 launch cash burn which started last year will be inverse to the S-curve in Model 3 production. Due to improvements in the terms they negotiated for their supply chain, they will have 60 days to pay for the parts they use to build cars that they expect to deliver within 30 days.

    In Depth - Tesla Q2 Earnings Call



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