re: Tesla posts massive 702 million dollar loss in first quarter

I will give you spacex until the books are opened and prove differently. Although other than funding i am not sure how much of that is Musk’s credit. Tesla is not a new idea and he didn’t invent EV. He has not proven it is a viable concept and that it can be profitably. Profitability is all that matters in a business. Just cause you have a crazy idea doesn’t mean it can work. I am done here and look forward to the follow-up threads when Tesla goes for more funding and Musk is further investigated by the SEC. Good day.

This is what gives me pause when it comes to EV’s. I’ve read where on many of them it will be me necessary to replace the battery somewhere around 200,000 miles and the cost of the battery is in thousands. I don’t know if that’s true or not. And to be honest, I suppose nobody can say for sure one way or the other until enough of these vehicles have acquired high enough miles to have a sufficient sample size.

quote:

---

I’ve read where on many of them it will be me necessary to replace the battery somewhere around 200,000 miles and the cost of the battery is in thousands.

---

The Model S and Model X have a 8 year unlimited mileage warranty. The Model 3 has a different warranty 4 years and 100 or 120K miles.

Battery life is certainly an important issue but the data collected so far seems quite encouraging.

quote:

---

Tesla posts massive 702 million dollar loss in first quarter

---

Is that bad? That sounds bad.

quote:

---

Tesla stock dipped slightly after earnings were released, but later edged back to even.

---

I don't know shite about stocks, is that normal? Results were twice as bad as expected but didn't really affect stock price?

quote:

---

I don't know shite about stocks, is that normal? Results were twice as bad as expected but didn't really affect stock price?

---

earnings season is weird. Stocks react differently to similar results.
For example iRobot (makes the roomba) posted a mixed bag of results on Tuesday evening and the stock has been down almost 25% since. And their results were much better than what tsla showed.
Now, keep in mind that Tesla was already down 30% this year, which coupled with the overall market run can be described as a net ~50% negative. So that plays into it. Meaning, even they missed badly, people already kind of had that factored in.

But yeah in a vacuum, you post results like what they did, and you should drop way more than the 3% they're down right now.

quote:

---

It is finely time for Musk to just be the innovator and hire a COO to run the auto sector.

---

Preach. The sooner that happens, Tesla will be much better off.

The cars are top notch. The day to day way the company is ran and completely shifting strategies almost weekly sometimes, it's pretty bad at this time...no real direction.

quote:

---

Rivian seems like a better option.

---

How so?

It looks pretty awesome, I hope it does really well. But it seems pretty inferior in most ways, even compared to early Model S Teslas. It definitely can't really compete with newer Teslas pretty much across the board.

quote:

---

I am not anti- EV. I actually don’t care one way or the other. My problem is with Musk and his bullshite.

---

quote:

---

What happens when a S. LA Thunderstorm knocks your power out overnight? Do you walk to work? Just curious.

---

So wait, your question about about a thunderstorm knocking your power out is about Musk and his bullshite, and not an anti-EV statement? Nice try.

Also, how often does a S LA thunderstorm knock out your power for 8 straight hours? And you're assuming you got home with zero charge. What you're presenting is essentially something that'll never happen. It's a really bad point to try to knock an EV car.

But to play your pretty bad hypothetical, if my car is running near 0% and the power is out and expected to be out all night, I'd just go to a supercharger and charge. That scenario is wayyyyyyyyy less likely to ever occur than the scenario of a big hurricane heading towards S LA, and you waiting 30-45 minutes at a gas station to get gas, so I'm not sure I see your point...at all.

quote:

---

Their cars will make great collectors' items once the company goes bancrupt from piss poor management

---

I heard today that he’s building a factory in China. That’s probably a wise move.

quote:

---

But...who the frick are "aanalysts" how in the hell do they have any reasonable thought into the numbers at Tesla. What if an "analyst" said Tesla is expected to lose 800m last qrtr
..so Tesla "beat" analysts predictions? I get that 700m seems like a big number for a yr much less a qrtr. But...anyone that works for a company of 100 or more works with an "analyst" and...how good are they at numbers within their own company? They have a software program and enough knowledge to sound good

---

Analysts they are referring to are equity research analysts who are employed by investment banks. They run financial models on companies they follow and update the model every quarter depending on the company's performance. The company also gives 'guidance' to analysts in regards to different metrics that are key to their models. When the 'guidance' (what to expect for next quarter) is very far off from reality, this is bad, as witnessed today with $TSLA earnings

Securities Research Wiki