I don't want to derail this thread too much but (1) they count lease as a sale. (2) they count ZEV credits towards revenues. Non GAAP shows revenues inflated like 40% over GAAP
Tesla is an investment banks wet dream. A charismatic CEO willing to use Twitter to pump the stock and legions of brainwashed investors.
Do you own a TSLA or know anyone who owns one?
How do you think they raised $3B of debt recently? CEO misleading about Panasonic investment, big China push timed w a pump upgrade from Morgan Stanley. Did you know they already burned through half of that money only actually spending $50M on factory?
Now investors imagination run wild about pivot to home battery biz??
CEO says production constrained while drop in Q4 deliveries due to bad weather and people on vacation?? WTF?? I would not call him a liar, but you cant take anything this guy says seriously.
Its your money but IMO TSLA is a short. It took long enough for the momo to wear off
I dont like GOOG technicals short term either if that means anything
We have derailed the shit out of this thread dude.
Leasing should count as revenue, because it is revenue, just not all upfront. EV tax credits are from the government, but Tesla should still count that as revenue. If they didn't count it as revenue, then they wouldn't be liable for paying tax on that income.
I don't own a Tesla, but my friend has a P85. I used to live in the suburbs where I had a very car/motorcycle-centric life, but I'm in the core of downtown near the subway line and can work from home, so I barely drive these days. But if I had a lifestyle that required a lot of driving, I'd love to have a Tesla. Price tag is pretty steep for me though. I'd rather put that money towards my home. The Model 3 will be interesting though, as it will be significantly cheaper.
I'm not sure about the loans or spending that you're referencing, so can't comment on that. Which factory are you talking about though? The cost gigafactory is around $5 billion.
Tesla is a different type of investment for me, but I don't have a whole lot invested. I trade Canadian banks and telecoms taking into consideration technicals, but I like the concept of Tesla more than I like it as a vehicle for returns. I like that they're making a push on EV and have some consciousness towards the environment. I like that they're making that push through technological innovation rather than propaganda. I like that they're taking a stand against having dealerships force themselves into the auto industry to take a cut, whether or not you need their help with sales. I don't see any other automakers doing anything remotely revolutionary. They've committed free lifetime charging via the supercharger network. Elon's end goal isn't profitability, and I like that.