@Tesla is making money and realized a dream 2 decades in the making:
start a car company that produces a mass market electric vehicle.
Tonight has proven most financial analysts wrong.
thread
wccftech.com/tesla-quarterl…
For me it was always about three simple questions:
1) Can they make money on the Model 3?
2) Can they sell the Model 3?
3) Can they ramp up production before they run out of money?
Munro recently did a tear down and put it closer to ~30% due to a "symphony of engineering".
cnet.com/roadshow/news/…
And my calculations show that a few years from now internal combustion engines will be uncompetitive with electric cars. If you want to know more you can still follow our course:
online-learning.tudelft.nl/courses/electr…
cleantechnica.com/2018/08/01/tes…
Shout out here to @zshahan3 who rightly got called out in the earnings call for his in depth reporting. Zachary is an unabashed Tesla fan but his @cleantechnica backs it up with more solid reporting than anybody else.
Many analysts did not think so. Tesla is the most shorted stock on the US market (cnbc.com/2018/04/11/tes…) and focus on cash out by e.g. @danahull was relentless (bloomberg.com/graphics/2018-…).
Well apparently not for most financial analysts.
bloomberg.com/graphics/2018-…
This is it: game set and match.
I've been following this story for over ten years and I cannot stress enough how remarkable this is.
reuters.com/article/us-tes…
As I've explained before the business case for electric trucks is very strong. livinglabsmartcharging.nl/nl/Nieuws/elec…
Electrifying them makes them 3x as efficient and they can run on renewables.
And once they are cheaper, adoption will be rapid because truck industry margins are razor thin.
But all that's for tomorrow.
Let's focus on today.
We did it!
Congrats to @Tesla for writing history and good luck with making the world a better place while making a profit.
But it IS clear (based on price per car, sales and number of cars produced) their claim that they are profitable from now on is true.
With all the focus on bad news this is a milestone we should celebrate!
marketwatch.com/story/tesla-sh…
reuters.com/article/us-tes…
cnbc.com/2018/08/01/tes…
cnbc.com/2018/08/02/cra…