How well is $TSLA doing now? Feedback and comments welcome. $TSLAQ (disc: short)
CAO – Dave Morton
VP Worldwide Finance & Operations – Justin McAnear
Senior Manager, Finance & Operations EMEA – Alex Buhr
$2K on all models in early January
$9K S/X late January
$1.1K M3 early February
killed 75 S/X, etc.
InsideEVs estimated ~6.5K M3 and 1,8K S/X deliveries for January -- Q1 looks like a disaster. insideevs.com/tesla-model-3-…
As it turns out, the economies of scale may have been fake, driven by shutting down failing $SCTY seekingalpha.com/article/423755…
This is of course old news, but see more by Montana Skeptic from early 2018 seekingalpha.com/article/415365…
Turns out, financing isn’t secured (no 8-K) and the timeline of 3K cars/week by end of 2019 might be a little optimistic dailykanban.com/2019/02/fundin…
Unless, of course, something in the historical financials would deserve restating? Well, hilariously low warranty reserve could count (h/t @GatorInvestor)
What about those financials? insideevs.com/tesla-model-3-…
CEO of Waymo, the leader in autonomous driver, disagrees strongly medium.com/s/story/self-d…
Right?
Maybe not. See @Keubiko’s estimates based on low interest income from massive cash on BS
What can the Company still do in Q1, or even in Q2, to avoid that w/o spike in demand?
Will Zach be able to work magic a la Deepak?
Well, SpaceX failed raising two rounds (D+E) in 2018, suggesting there isn’t much demand for his equity. Also: layoffs cnbc.com/2019/01/14/elo…
Could this change once the 10-K is released and signed by PwC and Deepak? Maybe, but they still need people to give Musk money.
Not bullish for a “growth” company, though. allaboutarizonanews.com/phoenix-tesla-…
And then there are a couple of other lawsuits
I don't expect Chapter 11, though. Musk will run it to Chapter 7. $TSLAQ