My summary of Tesla's earnings call: Elon is ramping up the hype as Tesla's fundamentals are deteriorating. - ThreadSky

troyteslike.bsky.social • 31 days ago

My summary of Tesla's earnings call:

Elon is ramping up the hype as Tesla's fundamentals are deteriorating.

Comments

gravirule.bsky.social•31 days ago

But… if one looks way, way over there and buys the stock, the stock goes up.

laberdog.bsky.social•30 days ago

My summary: $595MM in selling tax credits and $399MM in operating income = corporate welfare. Better call DOGE

defundthepolice.bsky.social•31 days ago

Was the ride sharing rollout always supposed to happen in MYs or is this a new development?

Sure feels like the goalposts are getting a workout.

wtakick.bsky.social•31 days ago

Any normal company, this is panic mode. But hey, Elon will only do one or two days a week now (what he’s already doing) and fix everything up in time for supper.

tayray.bsky.social•31 days ago

Fine tuning a model = Geofenced Robotaxis

Doesn't sound generalised.

Spot on analysis.

zheega.bsky.social•31 days ago

Someone should ask Elon how is Tesla developing the Roadster 2.0, Tesla Semi, Robotaxis, FSD, Optimus, investing in AI infrastructure and who knows what else... while also cutting CapEx by like 50%.
Early signs of Tesla trying to save money are already showing IMO.

defundthepolice.bsky.social•31 days ago

Tesla has always behaved like a cash strapped company despite a supposedly huge pile of cash. Quite baffling.

zheega.bsky.social•31 days ago

Their incomes on interest would suggest that their average cash on hand is much lower than their EoQ balance would suggest.
This quarter, it looks like they delayed over $1bn payments to suppliers, cut CapEx by $1bn and still only increased their cash position by ~$650 million.

defundthepolice.bsky.social•31 days ago

Their payables fuckery is gonna be hard to maintain on shrinking volumes too 🫣

zheega.bsky.social•31 days ago

There is also a lot of speculation that Tesla has been underfunding the warranty for their cars (every new car needs a warranty reserve that cuts into your margins).
That works fine as long as sales are steadily increasing, you just cover old warranty with the cash flow from the new sales.

subnova.bsky.social•30 days ago

Instead of SUVs and compact cars, they made cybercrap that barely anyone wants.In order to build a new factory you need 2 years. So their production cap is at 2.5 maybe 3 million for next few years.That equals no growth for a long time.Model S also isnt selling.

subnova.bsky.social•30 days ago

Thing is, tesla was supposed to produce and sell more cars, and have the capability to sell millions of cars with FSD.
But not only they are not building new car factories to make that possible when FSD arrives, they arent even offering more models to cover wider array of markets.

optionspuru.bsky.social•31 days ago

Honestly I was surprised he didn’t promise more? No SEC to worry about and no reason to not promise the moon and worrry about it later. Really not much gas for the imagination tank.

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