Seeking Alpha

Tesla Motors soars after disclosing Q4 delivery total

  • Tesla Motors (TSLA +6.6%) delivered 6.9K vehicles in Q4, according to Vice President Jerome Guillen in his remarks at the Detroit Auto Show.
  • Previous guidance from the automaker called for a total of "slightly under" 6K.
  • Guillen is still on the podium so more revelations could be coming.
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Comments (16)
  • Esekla
    , contributor
    Comments (3112) | Send Message
     
    I commented on it a little bit ago here:

     

    http://seekingalpha.co...

     

    It's above their formal guidance, but pretty much in line with market expectations. They're now saying they expect more growth in service in 2014.
    14 Jan, 11:54 AM Reply Like
  • Laibach
    , contributor
    Comments (71) | Send Message
     
    I can't think of any brand with a stronger "cool" factor than Telsa right now. It's like Apple a few years ago. And this is without a single dollar spent on advertising.
    14 Jan, 12:23 PM Reply Like
  • Prospects13
    , contributor
    Comments (10) | Send Message
     
    It was nice run up, it is sad to see it fall due to the 29K S Models Recall.
    14 Jan, 12:38 PM Reply Like
  • surferbroadband
    , contributor
    Comments (1818) | Send Message
     
    Stop spreading FUD.
    14 Jan, 12:54 PM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    "It was nice run up, it is sad to see it fall due to the 29K S Models Recall."

     

    No recall unless you call an over the air firmware update and a free adapter in the post a recall.

     

    Elon has tweeted to address media misinformation.
    14 Jan, 12:56 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    I like Tesla but an increase of roughly 1000 cars equals how much profit? Enough to jack-up the share price by $11 as of right now?

     

    Regardless of short term movement, I'm concerned about how they will provide enough batteries for 100K of their Gen 3 vehicles. Unless something has changed, the planet can't currently create enough batteries even if Tesla were able to get their hands on every single one.
    14 Jan, 12:39 PM Reply Like
  • Tri Duong
    , contributor
    Comments (1497) | Send Message
     
    2 years ago, the planet didn't make enough batteries for Tesla's current battery consumption. It's amazing how we can adapt.

     

    If you're concerned about their battery problems, there's 2 simple solutions. Don't buy the stock or short it.
    14 Jan, 01:24 PM Reply Like
  • surferbroadband
    , contributor
    Comments (1818) | Send Message
     
    Hey prospects13 "all due to the 29K S Models Recall". Uh what recall? Making garbage up eh?
    14 Jan, 12:54 PM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    Nice to see Tesla back on the offensive:

     

    20% beat on guidance, and that is not the best of it - that extra profit will show up on GAAP (no lease accounting BS on European deliveries).

     

    http://bit.ly/1hU2ivj
    14 Jan, 01:31 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    Haha! I wanted to point this out because I found it hilarious. So you know you have some balls on a press release, when at the bottom you provide a youtube link to a search "Tesla Cold Weather" and be like... see? every single video in a general search says our car is amazing in the winter performance! haha!

     

    Forget saying hey these few reviewers who said nice things about us says to buy our car, they just flat out said, go Google search our car, cause it kicks ass!
    14 Jan, 03:15 PM Reply Like
  • Prospects13
    , contributor
    Comments (10) | Send Message
     
    It was nice run up, it is sad to see it fall due to the the 29K S Model recall, how much will it cost? Any ideas?
    14 Jan, 01:47 PM Reply Like
  • JPBark
    , contributor
    Comments (167) | Send Message
     
    29k cars x $50 part ≈ 1.45 mill
    14 Jan, 02:03 PM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    Far as I am aware that cable is only used in the USA. They might needs to adapt or scrap some inventory of the old version at cost. Probably 1/2 or a 1/3rd of that $1.45M so that's probably an upper limit. Much cheaper than a couple of TV spots and more valuable.
    14 Jan, 02:09 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    that 50$ is likely the retail cost of the part, their actual cost is likely half that.
    14 Jan, 02:47 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    For all you bears let the record stand. I said it many times, your FUD about VIN estimations were way off base, and could be easily seen through given the still more than 3 month waiting period to get a car.

     

    I will admit I was not expecting this much of a beat, so this is a surprise to me as well (I am willing to bet that their selling off of their loaner/showroom inventory to refresh it played a decent role in this). But I had no doubt that they would easily hit 6k cars for the quarter given the well known 550 cars a week production number (which I believe held up through Nov and Dec... they might have gone higher but 550 was the last official number I got word of).

     

    Should continue to be smooth sailing from here. There was an additional bit of good news given that they let on that some of their supply issues with Panasonic may have been fixed much sooner than expected.

     

    From the press release:
    "A higher than expected number of cars was manufactured as a result of an excellent effort by the Tesla production team and key suppliers, particularly Panasonic."

     

    Keep in mind this bottleneck was not expected to be fixed before Q2 of 2014. So getting some of this cleared up in 2013 is exceedingly good news, and we should expect to easily see the yearly guidance of 35,000 and maybe even 40k for 2014.
    14 Jan, 02:54 PM Reply Like
  • Juan Carlos Zuleta
    , contributor
    Comments (477) | Send Message
     
    "... and we should expect to easily see the yearly guidance of 35,000 and maybe even 40k for 2014". Well, this is almost exactly what I predicted for 2014. See: http://seekingalpha.co....
    14 Jan, 11:22 PM Reply Like
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