Tesla Q2 Deliveries crushes estimates

[JeffKeryk]

445K to 448K were expected, Tesla delivered 466K easily crushing expectations.

"While it has been one of the largest by valuation for a while now, Tesla is becoming one of the largest automakers per volume, and it is doing it with only electric vehicles. That’s incredible."

I am interested in margin performance. Price cuts hurt margins but economies of scale and factory utilization help. Regardless, Tesla's gross margins are the envy of the industry.
They are now delivering almost half a million cars per quarter and this number is expected to rise as the refreshed Model 3 Highland is released, the Model Y refresh, the Cybertruk and the Monterrey vehicles are in production. Another factory, in Canada or India, is under consideration.
The next 2 to 3 years will be telling.
What will the stock price do in the near term with these results? The stock is already up 140% YTD, so a big run is not likely. And the market holds TSLA to a pretty high standard. Who the heck knows?

Interesting times ahead.

 

[SeaJay]

less than 5% over estimates is nice. i would not characterize it as crushing expectations however.

 

[JeffKeryk]

less than 5% over estimates is nice. i would not characterize it as crushing expectations however.

Read the analysts reviews. Their words, not mine. Over 80% YOY quarter growth.

 

[oldcodger]

If they can just get the price down and truly compete with gas cars. I remember the "gas crunch" of the 70's and since then have really wished that the day would come when the oil companies could not give gas away on the street corners.

 

[edyvw]

Crushed???
Ok, maybe he can pay his bills now.

 

[Torrid]

They aren’t selling less of them. Sounds good for business to me.

 

[JeffKeryk]

Apple just hit $3T in market cap. The top 10 are dominated by tech. Only Saudi Aramco (3) and Berkshire Hathaway (8) are non-Tech. Tesla is #7 and is the only auto company. The next is Toyota at #44. Tesla is valued higher than the next 10 car companies combined.

Watch out world! The market believes in what you are doing and where you are going. The others? Well, the numbers speak for themselves.

 

[CanAmAndMore]

Bwahahahaha

If that is crushing it, the bar has been drastically lowered for that term.

Now if they could up their quality a lot, and double the driving distance per charge, cut the price in half, then they would be worth a look.

 

[Snagglefoot]

Apple just hit $3T in market cap. The top 10 are dominated by tech. Only Saudi Aramco (3) and Berkshire Hathaway (8) are non-Tech. Tesla is #7 and is the only auto company. The next is Toyota at #44. Tesla is valued higher than the next 10 car companies combined.

Watch out world! The market believes in what you are doing and where you are going. The others? Well, the numbers speak for themselves.

All those statistics should be warnings. Tesla has a PE of 81. They are losing market share with time and they are barely up on the two year chart.
Most Tesla investors lost money in the past two years.

 

[Torrid]

Bwahahahaha

If that is crushing it, the bar has been drastically lowered for that term.

Now if they could up their quality a lot, and double the driving distance per charge, cut the price in half, then they would be worth a look.

There aren’t too many cars with this level of tech selling for $40k. You’ll have to cite the quality issues beyond a story about a steering wheel. Quality has dramatically improved over the fit and finish issues of 5 years ago. They don’t make econo boxes.

 

[edyvw]

Apple just hit $3T in market cap. The top 10 are dominated by tech. Only Saudi Aramco (3) and Berkshire Hathaway (8) are non-Tech. Tesla is #7 and is the only auto company. The next is Toyota at #44. Tesla is valued higher than the next 10 car companies combined.

Watch out world! The market believes in what you are doing and where you are going. The others? Well, the numbers speak for themselves.

Again, yesterday he had to shrink Twitter bcs. he is behind in payments to Google.
The world should watch it, and ask money in advance when delivering parts or services.

 

[edyvw]

There aren’t too many cars with this level of tech selling for $40k. You’ll have to cite the quality issues beyond a story about a steering wheel. Quality has dramatically improved over the fit and finish issues of 5 years ago. They don’t make econo boxes.

Yes, nit many cars with IKEA interiors.

 

[JeffKeryk]

All those statistics should be warnings. Tesla has a PE of 81. They are losing market share with time and they are barely up on the two year chart.
Most Tesla investors lost money in the past two years.

You don't realize a gain or loss until you sell. How could you possibly know how Tesla investors lost money in the past 2 years?

Regarding the PE ratio, why are the other car companies doing so poorly?
By the way, my investment in TSLA has nearly doubled; wish I had more and really wish I had bought the stock instead of the car.

 

[JeffKeryk]

Bwahahahaha

If that is crushing it, the bar has been drastically lowered for that term.

Now if they could up their quality a lot, and double the driving distance per charge, cut the price in half, then they would be worth a look.

Maybe not for you, but the Model Y is the #1 selling car in the world. And by far the #1 by revenue. The Model 3 is right behind.

 

[CanAmAndMore]

Tesla stock is actually down from what it was.

 

[JeffKeryk]

Yes, nit many cars with IKEA interiors.

This thread is about business results. Silliness adds nothing but feel free. I would be interested in your thoughts if they were meaningful.

 

[JeffKeryk]

View attachment 164559
Tesla stock is actually down from what it was.

Sure. TSLA had a peak of $406 I believe. I bought in at a lot less. You understand it is up 140% YTD, right? And 1,700% since i bought our car.

 

[edyvw]

This thread is about business results. Silliness adds nothing but feel free. I would be interested in your thoughts if they were meaningful.

I already told you that he can’t pay his bills. That is result based on theft.
He is stifling his suppliers left and right. At least people are coming to realization where those margins are coming from (besides cheap product selling for premium).
I mean, since you are talking about “crushing.” He sold 20,000 more units. I would call that bit better than planned.
So, there is contribution. Just so we are clear what is happening with his businesses.

 

[ArrestMeRedZ]

Yes, if you are dumb enough to buy high and sell low, Tesla is not the stock for you. I like to do the opposite. My investment in the stock is worth over double what I paid for it just over 1/2 a year ago. Plus I already did some profit taking so my cost basis of the remainder is now extremely low.

Ignorant people pontificated how Musk lost more money than anyone ever when the stock dropped from over 400 to around 110 last year. They are silent now that he made more than anyone ever (by their logic) since the stock rose so much this year. Fact of the matter is he didn't lose or make anything since he didn't sell any of his shares, other than before the drop to pay taxes and for Twitter.

 

[CanAmAndMore]

Sure. TSLA had a peak of $406 I believe. I bought in at a lot less. You understand it is up 140% YTD, right? And 1,700% since i bought our car.

I understand stocks well...am pointing out that its down, and down a lot.
You want to make it sound like it just goes up and up, when in reality it doesn't.

Historically as a car company, tesla has lost money.

I do wonder if they will ever sell as many vehicles as Honda, Toyota, Ford, VW and others worldwide.

In Canada tesla sales are pathetic.

It would be nice if tesla opened up more dealers.