[Mister Dave]

Tesla reports wider loss than expected, expects to be profitable in the 2nd half of the year as it ramps up Model 3 production

Some good, some not so good. No bombshells really.

Tesla on Wednesday reported a wider second-quarter loss than analysts had expected.

The electric-car maker beat forecasts for revenue, and its cash burn decreased compared with the first quarter.

Akin Oyedele seems to be giving them a fair shake.

Tesla Second Quarter 2018 Update (link)

We have significantly cut back on our capex projections as a result of our revised strategy to grow capacity with our existing Model 3 lines rather than adding all new lines.

I think Deepak is having more influence recently.

 

[hellsop]

"Wider"?

Is that like "bigger loss sounds bad. Come up with a different word"? Or am I missing some nuance in the reporting other than just "even fewer dollars taken in, in comparison to dollars going out"?

 

[JRRF]

So how many cars do they have to sell at a profit to make up the $700M quarterly lose? To say nothing of making up all the other loses to date.

 

[hellsop]

So how many cars do they have to sell at a profit to make up the $700M quarterly lose? To say nothing of making up all the other loses to date.

lessee... 15k cars per week, so 180,000 per quarter. Only have to make $3900 profit average on each to break even.

 

[JRRF]

lessee... 15k cars per week, so 180,000 per quarter. Only have to make $3900 profit average on each to break even.

And to think they have yet to sell 200,000 cars through the entire history of the company.

 

[wws]

And to think they have yet to sell 200,000 cars through the entire history of the company.

They just crossed over 200k deliveries in the U.S. alone at the beginning of July. Add in another nearly 20k or so sales since then. Then there are all the cars they have delivered to the Canadian, European, and Chinese markets...

 

[FI Spyder]

They just crossed over 200k deliveries in the U.S. alone at the beginning of July. Add in another nearly 20k or so sales since then. Then there are all the cars they have delivered to the Canadian, European, and Chinese markets...

Not sure what the point is here. You are talking about all the cars they ever sold vs. the latest quarterly loss (don't all the other quarterly losses count?) After the hype/backlog is over how many cars are they going to sell against a growing amount of competition?

 

[Sabuu]

Not sure what the point is here. You are talking about all the cars they ever sold vs. the latest quarterly loss (don't all the other quarterly losses count?) After the hype/backlog is over how many cars are they going to sell against a growing amount of competition?

I think he was trying to correct JRRF on his statement below about Telsa not selling even 200,000 cars.

And to think they have yet to sell 200,000 cars through the entire history of the company.