The adjusted EPS (13 cents) and revenue (603 m) all beat expectations, gross margin improved to 21% without ZEV credit, the 10% fall seems too dramatic? Got burned pretty bad...
Nowhere close to the whisper numbers, though. A 10% drop is not surprising in a momentum stock where everyone was acting like it was unstoppable. There's no stable way to value a company that's all potential, so it's going to volatile.
That 603m rev number was non GAAP. The GAAP number I saw was 431m. I thought the GAAP estimate was 503m. They also guided down for Q4.
Their Model S got the highest safety rating ever awarded by the TSA or whoever does the ratings, I believe.
there was some contreversy about this. the highest rating is 5 star. they were claiming some 5.4 even the gov't weighed in against the rating. link
OMER stock jumped 11% per share today ... remind me to buy OMER stock whenever Asik and the Rockets play a bad game.
how am i a troll, TSLA beat their own guidance on cars. Their margins are up, they're going to build a battery factory, and their only issue is they are constrained by their own capabilities Tesla is a buy and the 12% drop is ridiculous, it is sold out for months to get one, and a new model is on the way with 8,000 pre-paid already Tesla will be $300 soon
Well it looks TSLA is dead money for awhile. I'd like to buy it eventually but we will see where it settles in at. They have a lot of work ahead of them too. On to the next big thing.... TWTR on Thursday.
Regardless of where it might be later on or whether you think it's ridiculous, the fact of the matter is you were woefully wrong. Way, way off.
At the end of the day, there's a huge difference between a good company and a good stock. Tesla is a fantastic company with all sorts of potential. But if the stock price already prices that in, it doesn't mean it's a good stock.
how was i wrong? They smashed THEIR own guidance......i cant help it that the shorts won this battle. Tesla had a damn good quarter. Their cash in the bank is up, their profit margins are up, they sold 500 more cars than they guided for I can't help it that people keep expecting surprises out the wazoo and today was a disappointment. The bottom line is tesla is still growing, quickly might i add and its a tremendous buy no matter what the price dictates. The market is the market for a reason, the shorts won this small battle but they look silly thinking tesla is a broken stock, they crushed earnings. FB just smashed earnings too and fell bc of the shorts, this is really a non story
Because the stock wasn't priced based on Tesla's guidance. It was already priced based on people like you expecting it to blow past their guidance. The upside - and more - was already priced in. Good companies are not the same as good stocks. Things like "its a tremendous buy no matter what the price dictates" should not be a part of any fundamentally sound investment thesis.
Quite simply because you said That was obviously wrong. If you had bought based on that, you would be down a lot of money. If you held long, you probably would make your money back. I do believe in the company. But you were unequivocally wrong this time. What is there to debate?
It still might see $200 this week, we don't know what will happen. Facebook rose to $54 then fell to $46 after earnings and was right back at $50 today. So 10% swings in these momentum stocks is nothing. Look at Netflix it went from $320 to $400 post earnings then shed all the way back to $300 and was back at $340 today up 13% from the post earnings lows. It's silly to pretend Tesla is going to $85 soon when momo stocks like amazon,netflix,chipotle are all roaring. Tesla had a phenomenal quarter to anyone who can actually read an earnings call, only someone with silly expectations was disappointed. Tesla is doing great, and their quarter proved it. The only disappointed people are again the dumb analysts who put outrageous growth numbers on the stock
