Lora I think it’s reasonable to consider at this point that Tesla has throughout its history, made targeted, aggressive investments in the future. Model S, Model 3, supercharging, gigafactory, etc etc. Tesla accuses of profligacy, often, but here we are in 2020 and it’s working
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$tsla has depreciated more than they’ve invested for awhile now. The argument that Tesla is unprofitable bc they are growing is belied by the numbers. Also, there’s demonstrable fraud in the numbers that is beyond dispute. But stock price, m’am.1 reply 0 retweets 12 likes -
Is your position that they haven’t been investing aggressively, or is it just that the depreciation is kicking in from the last wave of the investment? They are still investing aggressively and reaping e.g. gigafactory depreciation & profit seems like the right thing to be doing
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It’s not a position, it’s fact. you can isolate S/X/3- none were lifetime profitable. The conceit the company hasn’t been profitable or generated cash flow is bc they’ve been investing is just a narrative. You can see by
$tsla own reported (fraudulent) numbers that it’s false.1 reply 0 retweets 6 likes -
you must mean stacked up against the R&D programs and factory investments and so on. +ve margin. In a company with a healthy growth rate, value is very much weighted towards the future. So even if you are correct — (I’m not sure you are) lifetime profit is not yet a key metric
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we do know 3/S/X weren’t profitable with full subsidies, lil competition & consumers paying for features like “FSD” that didn’t exist. Only if + incremental margins does “growth” matter. In Q4, revs were up 19% q/q, GM declined 30 bps. profits to the right story is just hope.
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See, you’re expressing this with certainty, and I don’t see it. Since I am long — have been writing puts — I will put some time aside and see if you are actually correct in this. But I still think this misses the point. We have opinions on the long term value. I think it’s high.
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You strike me as someone that owns a
$tsla. Take a look at your service records, you will see mandatory expenses & others covered by your warranty expensed as “goodwill” instead. If put in proper place,$tsla gross margins would be several points worse. No incrementals here.2 replies 0 retweets 5 likes -
will take a look, but how am i supposed to look at service records and see if Tesla is doing this fishy thing calling it goodwill. the seems like it would only be info in the financial filings; my records play no role? also why would they be doing that? why not just "service"rev
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Explained here.https://seekingalpha.com/article/4313851-tesla-warranty-expense-case-of-goodwill-auditors …
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bah, paywall... i'm not signing up for a trial for this. $239 up front! I will take a look at the data myself, if you can't share an open link
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