Tesla Q2 Deliveries crushes estimates

CanAmAndMore said:
In Canada tesla sales are pathetic.

It would be nice if tesla opened up more dedealers.
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100% agree on the first point. Tesla is absolutely the wrong platform for very cold weather especially when long distances are involved.

As to the second point, in the Lower 48 I think their business model of no crooked dealers is going to pay off. People are going to remember $3000 no value added dealer packs, crooked Doc fees and Additional Dealer Markup with their competitors. The opposite of goodwill that dealers have built up over the last 2-3 years will last a generation.
 
JeffKeryk said:
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.
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Who care what the dee dee dees at Apple do? People have this mindset that a company 'must be better' simply because of numbers, when so many shortcuts are done to get to that point! Typical Silicon Valley hooplah that doesn't impress everyone...
 
edyvw said:
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.
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Sorry edy. You are making stuff up and offering opinion.
Regardless, irrelevant in a discussion of quarterly business delivery results vs market analyst expectations.
 
When TSLA peaked it was worth something like 46X what I paid for it. So I haven't ever lost a penny when I sold some shares here and there. What "crushing it" means is comparing the production and sales numbers year to date and to the same period last year. And for that matter over the last 5 years. We'll see what the dollars look like in a couple of weeks when the financials are released.

As Mr. Keryk stated, as of this moment the market is reacting strongly. One of the things I have noticed over the last couple of years is even though each quarter Tesla's numbers have been excellent compared to their previous quarters, sometimes the market has reacted negatively for a few days after the numbers are released. And the explanations seems to be that for example, Tesla sold 250,000 Model 3's and Y's, and increase of X over previous quarters but the so called market experts were predicting that Tesla should have sold 260,000. This is like coming home with a straight A report card and getting punished because it wasn't A pluses. The analysts were simply unrealistic. Maybe with enough quarterly results now under their belt the analysts will finally learn how to make predictions and properly evaluate the company which is unlike any other.

Another thing to watch is the uncharted territory that is rapidly approaching (like a 12 to 24 month time horizon) for profits generated through Tesla's FSD feature, Robotaxi sales and sales of their Optimus robots. The market has never seen anything like this so any predictions for massive success or massive failure are likely to be wrong. The stock market is very much driven by speculation and emotions. My amateur guess is that any TSLA stockholders are going to be happy in 2025. Whether or not a very large number of new millionaires will be created remains to be seen and would certainly be nice. But for those who have invested a prudent amount without jeopardizing their total retirement accounts I'm pretty sure they will have made a good choice,
 
This is after Tesla over production of between 78-80k vehicles back in April of this year? Did Tesla sell ALL of that back lot of vehicles?

Tesla sales again fall short of production​


The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. Some of that may be due to the ramp up in production at two new factories, one in Texas, the other in Germany, which opened last spring, and a lag between that increased production and sales.
 
97prizm said:
This is after Tesla over production of between 78-80k vehicles back in April of this year? Did Tesla sell ALL of that back lot of vehicles?

Tesla sales again fall short of production​


The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. Some of that may be due to the ramp up in production at two new factories, one in Texas, the other in Germany, which opened last spring, and a lag between that increased production and sales.
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Remember, Tesla sells direct, not to dealerships and they are still build to order, less so build to plan. It is natural for production to outpace deliveries for several reasons. One is production ramp, which Tesla has been in for years, but the main reason is delivery time. The Model 3 is only made for the US in Fremont; delivery time to the Mid West and East can take more than a month. They batch the mfg schedule based on delivery location. The finance term for this is Days of Sales Outstanding, or DSO. It is an important metric in cash flow.
About the only time deliveries = production is during a factory shutdown or a large slowdown in business, or a huge backlog like we have seen since the beginning of the Model 3 and Model Y. Delivery to production is finally evening out.

I believe a new Model 3 mfg line will be built at the Austin plant after the Cybertruk lines are in production and ramped. Don't hold your breath. Austin will also be closely aligned with the new Monterrey, Mexico plant to produce the "Model 2".
 
edyvw said:
Lol, just reflecting on “crushing.” Obviously you ate missing what is happening with his businesses.
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Do you have any data to support your opinion? "Crushing" is the analysts' term, by the way, LOL.
With today's stock bump, Tesla is now worth more then the next 11 or 12 car companies combined, right? Or is it more? Do the math.
 
JeffKeryk said:
Do you have any data to support your opinion? "Crushing" is the analysts' term, by the way, LOL.
With today's stock bump, Tesla is now worth more then the next 11 or 12 car companies combined, right? Or is it more? Do the math.
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So what if it is an analyst term? What does that mean? If an analyst told you to jump off the building, would you?
The jump happened bcs. he is starting to charge vehicles more in line what they are actually worth. Still charging more than what they re worth, but they are cheaper than before and, with that, more affordable. Nothing structurally happened.
Stocks are like gambling. Boeing was chasing stocks last 20yrs, and you can do the math. Where are they today compared to, let's say 90's when it comes to the health of a company? There are huge problems within Boeing, while stock is still doing good.
You are obviously obsessed with Tesla sales numbers and are not paying attention on his other businesses, which are always indication of what is really going on.
 
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edyvw said:
So what if it is an analyst term? What does that mean? If an analyst told you to jump off the building, would you?
The jump happened bcs. he is starting to charge vehicles more than what they are actually worth. Still charging more than what they re worth, but they are cheaper than before and, with that, more affordable. Nothing structurally happened.
Sticks are like gambling. Boeing was chasing stocks last 20yrs, and you can do the math. Where are they today compared to, let's say 90's.
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Without data, it's just opinion. If you are so inclined, review the analysts have to say. Your call.
 
SeaJay said:
less than 5% over estimates is nice. i would not characterize it as crushing expectations however.
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In an environment where other companies are lowering their guidance, I would say that 5% counts as crushing it. Hopefully there will be enough Teslas out there soon so that we can start picking up used models with 50K miles for half the original price.
 
Edyvw, we are talking about Tesla and not Elon's other companies in this thread. If you want to discuss the success or failure of his other ventures you should start a new thread.

Certainly the price cuts have helped with sales, And there will be some effect upon the financials when they are released. But don't forget that there is so much profit built into each Tesla EV that Elon can afford to lose a few % and barely blink an eye. His competition would be crying like little girls if they had to give up much of their already slim margins.

Regarding production vs. sales: The number of unsold vehicles went from something like a 4 day supply to just under a 5 day supply. Big whoop de doo. Tesla is and will continue to sell every car they make and fast enough that they have no carrying costs worth mentioning for those "unsold" vehicles.

Lastly, as far as the pricing: Simple economics will tell you that consumers are paying what the cars are worth. Maybe not to some people, and those people aren't buying all those Model 3's and Model Y's. If and when the Teslas are deemed "overpriced" by a significant portion of the EV shopping consumer, we will see sales drop off significantly and price adjustments to reflect that new perceived "value".

Let's see how well the competition does when the perceived value of EV's starts to drop and they don't have any room to move regarding profit margins.
 
Some people understand buisness results and others don't. Can you read a Balance Sheet and Income Statement? Do you understand the importance of cash flow? Margin Analysis?
Results matter. Numbers matter more than "I think", "they will", "wait for", etc. When all you got is "LOL" I'm not sure you understand business.
Tesla is more valuable than the next 10+ auto companies in the world, combined. And is in rapid growth mode. Do you understand the leverage that offers?
You may not care; that's fine. Perhaps you would rather cede this business to China? Tesla is a great American company.
 
loneryder said:
The fanboy is fired up today.
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You were expecting what ?

Who'd have thought tesla owners would talk about tesla in an electric car forum??

Guys that come here and whine about that are hilarious, like dealing with the French with the tears and smoking..
 
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alarmguy said:
LOL lots of blathering in here. Here are the facts so people do not have to guess at the subject on hand.

https://www.cnbc.com/2023/07/02/tesla-tsla-q2-2023-vehicle-delivery-and-production-numbers.html

https://www.forbes.com/sites/alanoh...y-record-aided-by-price-cuts/?sh=5650714364a3

US Marketplace
https://www.goodcarbadcar.net/tesla-inc-us-sales-figures/
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One stat in your 1st link can be misleading; Tesla growth from YOY Q2 of over 80%. Shanghai production was shuttered last year due to a COVID outbreak for about half of Q2. China is a huge market. Without context, numbers by themselves never tell the whole story.
 
The media loves to use words that over exaggerate the results. They could have said beat the estimates but no, they prefer to use words like crush, obliterate, annihilate and so on.

Also, consider the source.
 
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