Team-BHP > Electric Cars


Reply
 
Thread Tools Search this Thread
Old 29th October 2018, 19:51   #16
BHPian
 
Join Date: Feb 2012
Location: New York City
Posts: 159
Thanked: 478 Times
Default Re: Tesla incurs loss of 523 million. EDIT: Now posts a profit!

Quote:
Originally Posted by GutsyGibbon View Post
When it comes to US elections, you hear "Drill baby drill" get louder all the time.

In many US states where there is a healthy oil economy they have managed to pass bills that Tax EVs instead of giving incentives. If they manage to drop down gas prices with irresponsible drilling, the switch to EVs can remain elusive.
Trump's vision is a short term phenomenon. America is a money driven market, and the growth in solar deployment, Tesla valuation proves that there is money chasing new tech. Furthermore, any drop in oil prices will actually hurt the shale industry - google them and you will see how financially distressed they are.

Now that Tesla is profitable and eating into sales of other cars, you will begin to see an automatic change. Audi, Mercedes, Jaguar, VW, Porsche, Hyundai, Kia all announced EV models for the US along with the Electrify America charger network being installed.

Quote:
Originally Posted by sri_tesla View Post
Who are these so called mature players are we talking here? The likes of VW, Toyota, Honda who does not even bring their popular petrol/diesel cars despite being in India for decades? Even when they eventually bring their EVs after 4-5 years, they will be way overpriced just like their mild hybrids.

India will move to EVs slowly as and when it becomes cheap. Initial EVs from all the mature players will be overpriced and find very less takers. I strongly believe Chinese companies will rule the Indian EV market just like they did with smartphone, solar industries. The likes BYD, MG motors (SAIC) will bring their EVs ahead of other mature players and will be priced competitively. BYD and Foton motors are already selling their full-electric buses in India.
Have to agree. All the big auto players have been sleeping when it comes to EVs. Only Hyundai-Kia have a properly viable alternative to Tesla with the Kona/E-Niro. Definitely gives an opportunity to Chinese for our market. Depends on how the govt treats them.

Remember the running cost situation though. This will push demand forward. At Mumbai prices, running an EV is about 80% (or more) cheaper than running a petrol or diesel car. That is huge for hotel fleets and office cars which can have charging capacity set up at their locations. It's all about numbers. Once they make sense, change will be automatic.

Quote:
Originally Posted by srishiva View Post
I think India will see a jump to EVs more than Hybrids. Similar things have happened in other technologies. We dont go through a transient period.
Just wait for Maruti to introduce the Wagon-R. If they play right (right looks and good interiors please), people with premium cars will buy these or the Kia.
Maruti definitely has a pulse on the market. Perhaps they will bring EVs in as a niche, like their CNG options. One thing to point out about the tech though. The current most efficient EV, the Hyundai Kona is about 1600-1700 kg. That's 300 kg more than the Creta, a similarly sized car. It thus uses a 64 kWh battery. As battery tech improves, the weight will reduce. Less weight will mean less batteries needed for the same range. Less batteries will mean even less weight. Price will fall as a result. A great example is the Tesla S vs Tesla 3. The S needs 90-100 kWh to match the 3, which has 75 kWh on range. Obviously, the battery cost of the 3 is at least 25% less, not to include other cost improvements. Fully expecting EVs to lose weight over the next 18 months. Probably will need only 30 to 40 kWh for a WagonR sized car to be properly usable.

As far as jumping through transient (hybrid) tech - absolutely. A good hybrid is still only as efficient as a good diesel. Not a game changing amount. A good EV is, as I said above, significantly cheaper to run.
carmayogi is offline   (4) Thanks
Old 29th October 2018, 20:15   #17
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Will Tesla be able to keep the growth in the coming quarters considering the trade war and increasing competition?

Name:  1.jpg
Views: 1597
Size:  68.8 KB

Source:Jato

Last edited by volkman10 : 29th October 2018 at 20:22.
volkman10 is offline   (1) Thanks
Old 29th October 2018, 22:31   #18
BHPian
 
GutsyGibbon's Avatar
 
Join Date: Mar 2008
Location: Southern Calif.
Posts: 407
Thanked: 1,750 Times
Default Re: Tesla incurs loss of 523 million. EDIT: Now posts a profit!

Quote:
Originally Posted by carmayogi View Post
Trump's vision is a short term phenomenon. America is a money driven market, and the growth in solar deployment, Tesla valuation proves that there is money chasing new tech.
We often overlook the role of government in such revolutionary tech breakthroughs. Just look at all the taxpayer help and govt. subsidies that Tesla has received.
https://www.cnbc.com/video/2018/10/2...and-tesla.html

I could say the same about many other tech jewels. What is Uber without a publicly funded GPS system. What is Google without a publicly funded Internet, etc. I am from a different school of thought that believes that the Govt. has a huge role in the "free market". There are a lot of published articles in this area, if anyone is interested. This is my uneducated read on the current state of affairs - If Trump continues with his narcissistic policies and wishes to please his group of voters, he could screw the entire valley, environment and the economy of blue states. The economy can go to dogs - but he will remain in power. Which is all he really cares about.

Last edited by GutsyGibbon : 29th October 2018 at 22:33.
GutsyGibbon is offline   (1) Thanks
Old 29th October 2018, 23:57   #19
Senior - BHPian
 
maddy42's Avatar
 
Join Date: Aug 2007
Location: Coorg
Posts: 1,950
Thanked: 795 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Great job Tesla. Now maintain this trend for the next couple of quarters please and stop burning money. Am a fan and shareholder but have some queries.



Reason i say this: There is close to a billion of Debt due in the next one year tied to their share price of 360.


Current Plant is running at capacity - Where is the money for the plant for Model Y and Tesla Semi going to come from?


Tesla bought solarcity, which included a factory in NYC. The plant was supposed to be producing panels of either Tesla or Silevo or Solarcity by 2018 as promised, but is pushed to 2019 Q2. They took their debt on the books too(Crony cousins?)



Has the orders for Tesla Powerwall been fulfilled yet? Think its been close to two years since they took reservations.


Coming to Big corporations and corruption. Do you know the sunny state of Arizona has literally killed Rooftop solar? AZ gets 300 days of Sun. Same with Nevada power which is owned by a Guy named WB who claims to save the world. Tesla has many more fights to fight still. Its not going to be easy and there will be a lot more articles writing them off.


Maddy
maddy42 is offline  
Old 31st October 2018, 19:28   #20
BHPian
 
Join Date: Feb 2012
Location: New York City
Posts: 159
Thanked: 478 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Quote:
Originally Posted by GutsyGibbon View Post
We often overlook the role of government in such revolutionary tech breakthroughs. Just look at all the taxpayer help and govt. subsidies that Tesla has received.

I could say the same about many other tech jewels. What is Uber without a publicly funded GPS system. What is Google without a publicly funded Internet, etc. I am from a different school of thought that believes that the Govt. has a huge role in the "free market".
Once again, agree with what you say. However, my optimism is due to my belief that we are now officially past the stage where the EV market needs Governmental help. With input prices continuing to fall and competition ramping up, it is only a matter of time before we get a Honda Civic EV at the same price as a Honda Civic Petrol by which time the 80% lower running cost will win the day. Thanks to their diesel scandal, VW is installing EV chargers across America and Canada. Tesla already has a robust supercharger network. Whether Trump does this or that, companies will now take the lead. Besides, the rest of the world - China, India, Europe for example - are all pushing EVs. No auto company will want to produce EVs for one market and petrol for another, so the changeover will happen.

It is similar to the cellphone situation. Once we got to a certain price in India, the need for non-market intervention went away.

Quote:
Originally Posted by maddy42 View Post
Great job Tesla. Now maintain this trend for the next couple of quarters please and stop burning money. Am a fan and shareholder but have some queries.


Reason i say this: There is close to a billion of Debt due in the next one year tied to their share price of 360.

Current Plant is running at capacity - Where is the money for the plant for Model Y and Tesla Semi going to come from?

Tesla bought solarcity, which included a factory in NYC. The plant was supposed to be producing panels of either Tesla or Silevo or Solarcity by 2018 as promised, but is pushed to 2019 Q2. They took their debt on the books too(Crony cousins?)

Has the orders for Tesla Powerwall been fulfilled yet? Think its been close to two years since they took reservations.

Coming to Big corporations and corruption. Do you know the sunny state of Arizona has literally killed Rooftop solar? AZ gets 300 days of Sun. Same with Nevada power which is owned by a Guy named WB who claims to save the world. Tesla has many more fights to fight still. Its not going to be easy and there will be a lot more articles writing them off.

Maddy
Tesla cash position improved in Q3 and they should be able to afford to pay off their upcoming debt payments without any hassle. Share price is nearing 360 in a relatively bear market. As long as they continue to sell as many Model 3s for the next 4-6 quarters, they will be okay.

As an investor, I would want them to continuously re-invest their profit in new products and expansion, which is what they seem to be doing anyway.

As of now, Tesla occupy only 30% of the space at their Gigafactory 1 in Nevada. They are already making drivetrains for M3 at that location, so making MY drivetrains there is not going to pose any issue at all. The rest of the production would need a plant to be added there. Seems like Tesla is being a bit less crazy and taking their time with the Y. From all the news, it appears to be ready for production or at least for reveal, but they are waiting till March 2019 to show it off. By then, they will hopefully have another two profitable quarters - therefore 3 in a row - and they will be in a financial situation to enlarge their Gigafactory location.

The big news actually is that none of the competitors will be able to deliver cars in volume before 2020. The only ones who could are Audi (E-tron) and Jaguar (i-Pace) which Tesla already competes with to a great extent. Thus, there is no rush to beat the competition. The point being, Tesla has relatively mature tech, so for them to launch a car will be easier. I expect March orders to begin, along with factory expansion funded, in part, by these orders and improved cash flow.

SolarCity seemed to be struggling with designing the roof tiles that look lik a normal roof and are promising a ramp up in Q1 2019. Powerwall deliveries are on going, there are tons of YouTubers who have theirs, so they may be delayed, but they're definitely being delivered.

Finally, as far as AZ and NV blocking solar - politicians come and go. Economics will win the day. Solar panel prices are falling. EV prices are falling. Eventually, Mr. Joe Public will realise that he can run his car and house for the cost of a monthly payment plan on a solar setup.
carmayogi is offline   (1) Thanks
Old 25th April 2019, 07:35   #21
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla released its financial results and shareholders letter for the first quarter of 2019. Disappoints Wall Street predictions.


Quote:
Tesla announced that it made $4.5 billion in revenue and a loss of $4.10 per share – way below expectations on both counts.
Tesla's take:
Quote:
We started production and deliveries of Model 3 vehicles for overseas markets during Q1. To quickly meet international demand, Europe and China Model 3 builds occurred in the first half of the quarter, with builds for local US markets in the second half. This wave of quarter-end deliveries in the US, China and Europe meant that even short delays caused deliveries to be deferred to Q2
Quote:
They delivered a net loss of $702 million during the first 3 months of 2019.

Along with the important loss, Tesla also had to do a massive $920 million bond payment, which resulted in an important reduction in its cash position. It now stands at $2.2 billion.
Link
volkman10 is offline  
Old 29th July 2019, 12:25   #22
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla is still losing money despite a record quarter for deliveries.

Quote:
A $408 million Q2 loss means Tesla is over $1 billion in losses for the year, and its CTO is stepping down.
Name:  t1.JPG
Views: 1322
Size:  49.5 KB


Link

Last edited by volkman10 : 29th July 2019 at 12:28.
volkman10 is offline  
Old 30th January 2020, 07:22   #23
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla Q4 2019 Report Shows Profit again.

The official results are now in.


Tesla just released its Q4 2019 earnings report and it was a profitable quarter once again.

The main financial details from the Q4 2019 report are as follows:

Quote:
◦$7.384 billion in revenue
◦Profit of $2.14 per share

Some additional Q4 notes related to Tesla's vehicles and financials:

◦Model Y production ramp started in January 2020, ahead of schedule
◦Increased Model Y all-wheel drive EPA range to 315 miles from 280 miles
◦Record vehicle deliveries of 112,095 in Q4
Link
volkman10 is offline   (2) Thanks
Old 22nd October 2020, 08:04   #24
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla Q3 2020 Earnings Report:

Tesla again turned a profit, which makes that five quarters in a row in which Tesla has reported a profit.

The main financial details from the Q3 2020 report are as follows:

◦$8.7 billion in revenue
◦$0.76 profit per share (Non-GAAP)

Tesla announces a surprise profit for Q3 2018-2019-t1.png


Link

Last edited by volkman10 : 22nd October 2020 at 08:06.
volkman10 is offline   (6) Thanks
Old 19th November 2020, 07:19   #25
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla saw its market value rise by more than $40 billion after S&P Dow Jones Indices confirmed the carmaker’s addition to the S&P 500 Index from December 21.

And Musk Leapfrogs Zuckerberg to Become World’s Third-Richest Person.

The Tesla founder’s net worth has risen to about $110 billion.


Link
volkman10 is offline   (1) Thanks
Old 28th January 2021, 08:08   #26
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 17,038
Thanked: 39,912 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Tesla Posts First Full Year of Profitability.

Quote:
But missed Wall Street expectations and disappointed investors who hoped for a clear-cut sales goal for the year, Tesla stock falls.



Electric-car maker plans sharp rise in production after record year for deliveries.
Quote:
Tesla Inc. late Wednesday reported its sixth-straight quarter of profit and a sales beat, but missed Wall Street expectations and disappointed investors who hoped for a clear-cut sales goal for the year.


Link

Last edited by volkman10 : 28th January 2021 at 08:14.
volkman10 is offline   (2) Thanks
Old 1st February 2021, 09:29   #27
Senior - BHPian
 
srishiva's Avatar
 
Join Date: Nov 2006
Location: Bengaluru
Posts: 4,319
Thanked: 2,076 Times
Default Re: Tesla announces a surprise profit for Q3 2018-2019

Its not profiting from selling cars ! They sell a lot of credits.

https://edition.cnn.com/2021/01/31/i...ity/index.html
srishiva is offline  
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2021, Team-BHP.com
Proudly powered by E2E Networks