Seeking Alpha

Tesla Motors beats by $0.12, beats on revenue

  • Tesla Motors (TSLA): Q4 EPS of $0.33 beats by $0.12.
  • Non-GAAP Revenue of $761.34M beats by $104.19M.
  • Shares +10.2%.
  • Press Release
This was corrected on 02/20/2014 at 03:33 PM.
From other sites
Comments (68)
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    EPS beat is somewhat impressive...
    19 Feb, 04:10 PM Reply Like
  • SharkDude
    , contributor
    Comments (639) | Send Message
     
    impressive if they were actual earnings. they weren't.
    19 Feb, 11:26 PM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    When I wrote this I didn't realize that SA was mixing non-GAAP with GAAP and upon further review I agree with you Shark... but this is one of those momo stocks where every word is from them is reason to rally
    20 Feb, 07:35 AM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Pretty good quarter, not perfect, so judging by FB, TWTR, LNKD and other stocks of late, the stock with probably crater.
    19 Feb, 04:14 PM Reply Like
  • chfp
    , contributor
    Comments (593) | Send Message
     
    It's up 10% after-hours. What makes you think it will reverse direction?
    19 Feb, 04:15 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Being sarcastic. Last quarter, was up $10 then Musk misled investors and it dropped $25.
    19 Feb, 04:18 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1920) | Send Message
     
    That is pretty good.
    Bad news for shorters and people saying Tesla taking a dive after earnings. Tesla being up 10%
    19 Feb, 04:15 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    Attention to all people shorting tsla........RUN FOR THE HILLS.....
    20 Feb, 09:15 PM Reply Like
  • vanebfbc
    , contributor
    Comments (91) | Send Message
     
    One of a few motor companies to have a good EPS. No position, but I must say it's really impressive.
    19 Feb, 04:17 PM Reply Like
  • pagreen1966
    , contributor
    Comments (601) | Send Message
     
    Is this the beginning of a superperformance stock. Haven't seen anything this impressive since 2003 with (AAPL). That ended up rising by 11,000% before it hit the rocks in September 2012!

     

    Definitely on my watch list now! Will wait for a pullback.
    19 Feb, 04:42 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    my "business model" is the Chrysler Imperial and so long as Tesla keeps pumping out Model S's and X's (they should ditch the box on wheels they're working on) then this is a very dangerous company to bet against.

     

    i would also say they finally hired someone who "talks Wall Street" too ("we're in discussions with Apple")...so this one only gets stronger over time. No guarantee on valuation...this stock price can definitely crater here...but the shorts keep getting sucked into this thing like a bug-zapper.

     

    it's kinda entertaining actually.
    and yes...the cost of manufacturing that Tesla "Imperial"(s) will drop dramatically as production increases "unchanged." The giga-factory roll out will be a fascinating story to watch this year.

     

    Anybody who is anybody is all in on that deal.
    19 Feb, 06:17 PM Reply Like
  • OH_Link
    , contributor
    Comment (1) | Send Message
     
    Crater? Record cars sold. Record profits. New markets. Top selling car?

     

    I guess if you just care about top line, sure. As an investor, EPS is what counts and a full pipeline.

     

    I hope you sell so I can buy more.
    19 Feb, 04:30 PM Reply Like
  • sethlemay
    , contributor
    Comments (198) | Send Message
     
    Still 100 percent revenue growth even with the miss
    19 Feb, 04:35 PM Reply Like
  • Glenn Abrett
    , contributor
    Comments (1645) | Send Message
     
    Cautiously optimistic. If tsla really soars in the next week or two expect another secondary. They need cash and they need it now. Demand is huge. Even for these expensive rich folks toys. They need to build that battery/battery pack factory. And superchargers and service centers and sales centers and most of all new production facilities and the faster they do it the more entrenched they will be as the leader of the EV revolution. So far the market is loving this.
    19 Feb, 04:35 PM Reply Like
  • Bigisbetter
    , contributor
    Comments (590) | Send Message
     
    Whatever happening, has already happened. I would see a step by step, ditch to ditch walk up to 270 300, while shortsell side takes the other side of the pitch, so this could be a long rally,as TSLA is going more solid every quarter passing by.
    19 Feb, 06:28 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    I agree Glenn, several weeks ago there was a Tesla test drive opportunity in my area, I got the email to set up an appointment, but because of other appointments that day I couldn't do it, so I thought I would just sort of wing it when I got there.
    Boy was I wrong, there was a waiting list as long as my arm, and I couldn't have missed that opportunity more, there were people all over waiting and they had appointments, I found out later that their appointments fulled up within two hours after that email came out.
    This is how much interest there is in the Model S, and of course the technology, and What Elon said yesterday at the Q4 report was astounding when he said when we discuss the interest, and deposits for the Model X they are so amazing, it's like when you go fishing and the fish are jumping into the boat.
    All of this interest without any advertising, it will be truly amazing when or if they start to advertise, they surely will need every square inch of space in their Fremont CA factory to build more Model S, X, and or E's.
    20 Feb, 09:44 PM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    People just need to see a green stock price and they are happy. as simple as that. they dont have to understand the production of the cars how the investment needs Tesla will have to meet demand going forward...

     

    I really like Elon and I wish him the best, he doesnt deserve a stock like this. he will be blame once it falls and yet there is nothing he can do about it, he even said himself some time ago that the price was stretched
    19 Feb, 04:41 PM Reply Like
  • Bigisbetter
    , contributor
    Comments (590) | Send Message
     
    Investing couldnt be the problem... they even impress Apple. I belive TSLA is one golden egg, and I dont think they would accept any investors money. TSLA would be impossing conditions to every provider, dealer or buisness to whom they treat.
    19 Feb, 06:34 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4267) | Send Message
     
    Overall, a stellar report. Those wanting major details of the battery factory did not get their wish. Also, those wanting a breakout of deliveries by region, or a report of number of orders in the backlog will have to resort to reading the entrails of goats.
    19 Feb, 04:44 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    Reading the entrails of goats shows that deliveries to the U.S. have peaked in Q2 2013 and remain on a downtrend lasting nearly a year now.
    19 Feb, 06:53 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    Santos you must be the last short hold out, the others have run for the hills, it took them some time to learn, but the last hold outs must still have to loose more money, in order for them to say uncle !
    20 Feb, 09:50 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    I'm not short - the thing is scary, it can double, it can triple. It's a bubble at these levels, though. I'm not short a lot of bubbles.
    20 Feb, 09:59 PM Reply Like
  • Tech Talker
    , contributor
    Comments (277) | Send Message
     
    Seeking Alpha, you disappoint me. This is bad reporting of data because Non-GAAP EPS is used at the same time as GAAP revenue is used. Either both have to be Non-GAAP (which is more accurate) or both have to be GAAP.

     

    Tesla Non-GAAP Revenues $761,344,000, not 615M. This is a beat of 104.19M, and not a miss. Badly reported.
    19 Feb, 04:55 PM Reply Like
  • sethlemay
    , contributor
    Comments (198) | Send Message
     
    bizarre reporting.
    19 Feb, 05:07 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (596) | Send Message
     
    GAAP loss of -$0.13 cents per share. Slightly surprised analysts are giving estimates now of non-gaap income but GAAP revenues
    19 Feb, 05:00 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    Analysts aren't used to revenue also being able to be "non-GAAP".
    19 Feb, 06:54 PM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    whats more sligthly surprising is that certain companies can make up whatever non gaap meassures they like and investors will eat it raw, no matter how little those non gaap meassures really say..

     

    Well I guess when you only got a 30-35% gross margin and huge investment needs as a company its always better to point to some number that is showing you being profitable (which you are not).
    19 Feb, 05:04 PM Reply Like
  • sethlemay
    , contributor
    Comments (198) | Send Message
     
    As an accountant GAAP is all that really matters.
    19 Feb, 05:07 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (596) | Send Message
     
    Instead of saying GAAP, perhaps we should go back to writing "Generally accepted accounting principles" - that way, retail investors appreciate that they're generally accepted accounting principles for a reason.. and Non-gaap, are exactly what they mean, not generally accepted principles!
    19 Feb, 05:10 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    2+2=whatever I want it to be...

     

    Honestly, the key here is cash flow. They were positive by 40 million in Q4.
    19 Feb, 08:33 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    That's gotta be worth at least $40 billion (the $40 million in positive cash flow).
    19 Feb, 08:37 PM Reply Like
  • sethlemay
    , contributor
    Comments (198) | Send Message
     
    Abu you are correct. The reason generally accepted accounting principles are used is because they measure a companies health better, and paint a more accurate picture. You cannot fudge GAAP numbers (at least overtly), with that being said it is somewhat disappointing that Tesla is not truly profitable
    19 Feb, 10:26 PM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    GAAP distorts the reality of cars that are actual sales, IMO. Few cars will be returned for the Guaranteed Resale Value, IMO, hence most of the deferred revenue is revenue now. In the future I anticipate the revenue recognition under GAAP will change to reflect this.
    20 Feb, 02:44 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    "As an accountant GAAP is all that really matters."

     

    That's why we are called "bean counters" because sometimes we don't see that GAAP causes distortions in the underlying economic reality, which is the case with Tesla.
    20 Feb, 02:45 AM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    Dear Sir

     

    Can I sell you a tulip bulb for the neat price of 150.000$?
    20 Feb, 02:50 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    " You cannot fudge GAAP numbers (at least overtly), with that being said it is somewhat disappointing that Tesla is not truly profitable "

     

    GAAP doesn't always get it right, certainly not in this case.

     

    If you believe that GAAP never creates distortions in the underlying economic reality, I'd suggest you take a look at Linn Energy. The GAAP income statement is largely worthless because of derivatives used for hedging but not designated as hedges for accounting purposes. You have to adjust the GAAP net Income/loss for unrealized gains/losses on derivatives to get a better picture of economic reality.

     

    The same type of distortions are also created with the mortgage REITs, due to derivatives used as hedges but not designated as such.

     

    Then there are the equity REITS. Due to excessive depreciation charges on real estate property that actually appreciates, GAAP Net Income is largely disregarded for investment purposes.

     

    Believing that GAAP always gets it right is a fairy tale, I'm sorry to say.
    20 Feb, 02:50 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    "Can I sell you a tulip bulb for the neat price of 150.000$?'

     

    It won't be long before Tesla has data on actual returns of vehicles. Once they accumulate that data, and it has predictive value of future returns, IMO they can then use that data to record a percentage of lease revenues (the majority) as current revenues and the remainder as deferred, under GAAP starting in 2015.

     

    http://seekingalpha.co...

     

    http://bit.ly/1cTwrHx

     

    "Paragraphs 81 to 83 state:
    “81. If the amount of consideration to which an entity expects to be entitled is variable, the cumulative amount of revenue the entity recognizes to date shall not exceed the amount to which the entity is reasonably assured to be entitled. An entity is reasonably assured to be entitled to the amount of consideration allocated to satisfied performance obligations only if both of the following criteria are met:
    (a) The entity has experience with similar types of performance obligations (or has other evidence such as access to the experience of other entities).
    (b) The entity’s experience (or other evidence) is predictive of the amount of consideration to which the entity will be entitled in exchange for satisfying those performance obligations."

     

    That will be GAAP starting next year. If current GAAP were sufficient and did not distort economic reality, this guidance would not be needed. GAAP isn't perfect.
    20 Feb, 08:35 AM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    @Bryce

     

    "That will be GAAP starting next year. If current GAAP were sufficient and did not distort economic reality, this guidance would not be needed. GAAP isn't perfect."

     

    Phew.

     

    I have been battling my heart out on this score - with you no less.

     

    In a recent post: http://seekingalpha.co...

     

    I would almost have appreciated a PM
    21 Feb, 05:16 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    Ford, this is my response:

     

    http://bit.ly/1mxU4ft

     

    Without making accruals for returns and not counting the non-cash stock compensation, currently under non-GAAP, the non-GAAP is more cash basis accounting than accrual.

     

    That is what the future guidance under GAAP will do, assuming the two requirements under future guidance is met, it will count most of current deferred revenues as current revenue (assumes resale value of Model S will be equal to or more than guaranteed resale value) but will make accrual for returns, and it will still record the non-cash stock compensation expense as expense.

     

    Non-GAAP currently does neither of those two.

     

    IF future GAAP is different for Tesla than now, obviously current GAAP is not perfect and doesn't reflect the economic reality as well as it should.
    21 Feb, 07:01 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    In short, your method is a cash basis accounting model, future GAAP guidance is an accrual model.

     

    Under the accrual model, estimates are made of actual returns, as in this case, or estimates are made of actual non-collectible accounts, as in the case of accounts receivable, or estimates are made of actual warranty expenses, as in the case of warranties. All these estimates are made prior to the actual transactions taking place, to match revenues with the expenses which generated those revenues.

     

    Under cash basis accounting, nothing is recorded until cash exchanges hands. Accrual accounting is superior to cash basis accounting, generally, and is required for public companies, as a result.
    21 Feb, 07:45 AM Reply Like
  • pclaude7sd
    , contributor
    Comments (3) | Send Message
     
    I worked at Arthur Anderson in Houston before and during the whole Eron fiasco. Believe me, we were using "GAAP principles" to distort the financial statements for all of our Houston clients.
    22 Feb, 08:19 AM Reply Like
  • pclaude7sd
    , contributor
    Comments (3) | Send Message
     
    As an accountant, Texas CPA, former Arthur Anderson workaholic, the Partners at the firm, dedicated to GAAP, taught use how to use off the books drilling funds, LTD partnerships, et al, to create the whole Eron fiasco.
    22 Feb, 08:19 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    pclaude7sd,

     

    "As an accountant, Texas CPA, former Arthur Anderson workaholic, the Partners at the firm, dedicated to GAAP, taught use how to use off the books drilling funds, LTD partnerships, et al, to create the whole Eron fiasco."

     

    You are talking of using GAAP in a way that was never intended by FASB. You are speaking of taking good principles and using them not as intended, but for selfish purposes. Such a person is NOT DEDICATED TO GAAP, but is dedicated to himself and those he is in cahoots with. Integrity and ethical behavior goes out the window for the almighty dollar. Don't tell me such a person is dedicated to GAAP and its proper application.
    22 Feb, 11:41 AM Reply Like
  • eman25
    , contributor
    Comments (2) | Send Message
     
    If I'm a betting man I will not bet against Elon Musk !!!
    19 Feb, 05:51 PM Reply Like
  • Ben Hanson
    , contributor
    Comments (470) | Send Message
     
    Here's something I've always wondered: how exactly does this sort of thing happen? It seems to occur all the time, where a company misses on revenue or profit, but beats on EPS. Elementary school division would tell me that revenue estimates are divided by the total number of shares out there to arrive at the estimated EPS before the real number is released. Are companies just really good at buying back shares faster than analysts can account for?

     

    (Note: not a sarcastic question at all. Legitimately curious.)
    19 Feb, 06:13 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    In this case they mixed their numbers up on Seeking Alpha. The EPS listed is Non-GAAP but the revenue listed is GAAP, you need to post both the same.
    19 Feb, 08:35 PM Reply Like
  • Glenn Abrett
    , contributor
    Comments (1645) | Send Message
     
    Revenue was a huge beat. PLEASE SA FIX YOUR ERROR. The comparison is between non-gaap revenue (which excludes the 'non revenue of the lease set asides) and in that comparison tsla beat by 15-20%. CNBC has corrected their error. SA should as well.
    19 Feb, 06:16 PM Reply Like
  • Bigisbetter
    , contributor
    Comments (590) | Send Message
     
    Huge beat, even more, huge guidance. YSLA looked expensive, now it would look cheap. A few months ago it just touched 120, some shortsell side called 80 90 a buy price, an even more some banks like GS or ML targets wwere 60 or 45-

     

    This happens with every disruptive stock.
    19 Feb, 06:23 PM Reply Like
  • Bigisbetter
    , contributor
    Comments (590) | Send Message
     
    It os interesting how emotional comments are when TSLA released nmbers, and how it cooled down later
    19 Feb, 06:30 PM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    they will take money from investors, they need to invest more money to make more money. next week they will announce the big plant and the need for capital. its obvious, if you actually know how capital incentive the industry is. they have already hit peak capacity. any extra capacity will be met by a new plant which will take alot of money to build or take over
    19 Feb, 06:39 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    TSLA is FAR from hitting peak capacity for the Nummi plant ...
    19 Feb, 06:58 PM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    "they will take money from investors, they need to invest more money to make more money"

     

    Respectfully that is received wisdom that does not fit the facts.

     

    Yes they will definitely announce a funding round next week for the "giggafactory" but also definitely not for working capital needed to make more money. They have been cash flow positive the past two quarters at least whilst growing rapidly and sustainably.

     

    I am pretty confident that they have trimmed 2014 growth rate guidance to roughly half of what they are capable of (with next to full reinvestment of retained earnings) in order to model for exposing large quantities of profits showing that they can pay for the gigafactory themselves. I think they are doing this whilst conducting the institutional funding round to demonstrate that fresh capital is a desirable accelerant and not a gate keeper. A very much more desirable negotiating stance. I suspect also that they will turn the rate of production growth back up to 100% immediately afterwards, meaning that the artificially suppressed 2014 guidance can be tossed out of the window a week's hence. There is no way that they will limit themselves to 35,000 unit sales in 2014 that is baloney, especially if they have the cash on hand to break ground on the factory and advance the new production line simultaneously.
    21 Feb, 05:38 AM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    They will make an offering and I think it can be a catalyst to hurt the stock price as the float increases.

     

    They have to make huge plant investments to grow from now on if what they are telling us is true. alot of facts point towards Tesla running at the highest operating level they possibly can on their existing equipment, which means they will have to build a new factory or buy one to meet demand.

     

    Hence spend money to make money. The problem is just that to be competitive they have to price themselves at a level where they have a 30-35% gross margin. thats larger than the general automotive industry, but the industry has also been a dog for a loooong time.

     

    Its hard for tesla to produce enough cashflow to meet demand, its a big flaw not to account for this in your investment thesis. A capital intensive industry is always less interesting from a long term investor point of view than an industry that isnt. For an industry as capital intensive as the auto industry you would have to have very high returns on assets and operating costs to make it worthwhile for the shareholder.
    21 Feb, 06:35 AM Reply Like
  • bronchiti
    , contributor
    Comments (51) | Send Message
     
    I remember a time when this stock was 120$...I new I should have hit the buy button. Oh well
    19 Feb, 08:59 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (20398) | Send Message
     
    Well, who knows maybe it will print $500. After all that would still be way lower than what AMZN managed to do in terms of market cap.
    19 Feb, 09:12 PM Reply Like
  • jammerculture
    , contributor
    Comments (401) | Send Message
     
    ouch. Any of you guys ever look at TSLA on a fastgraph?

     

    Almost had me
    19 Feb, 10:44 PM Reply Like
  • SharkDude
    , contributor
    Comments (639) | Send Message
     
    Real earnings or hocus pocus pro-forma. oh pro forma. actual total loss of $16 million. that reads a lot different than 33c a share in earnings.
    19 Feb, 11:28 PM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    "actual total loss of $16 million. "

     

    On a GAAP basis. In this case, GAAP gets it wrong. Would have to do a work up to see if they have hit break even, but they are close if they haven't already.
    20 Feb, 02:56 AM Reply Like
  • ValueinvestorEU
    , contributor
    Comments (562) | Send Message
     
    Doctors quick!

     

    This man has had an overdose of koolaid
    20 Feb, 03:02 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2829) | Send Message
     
    "This man has had an overdose of koolaid."

     

    Not a Tesla bull, as some of my posts on Tesla indicate. Please talk to Ford Prefect about that.

     

    See my post above. GAAP guidance to become effective in 2015 will allow Tesla to record a majority of currently deferred revenue as current revenue under this guidance, IMO, (1) once Tesla has experience data on percentage of lease/sale customers who keep the car and who return the car, and (2) assuming the experience data on kept and returned lease/sale vehicles is predictive of future returns.

     

    If GAAP did not distort economic reality currently, such guidance would not be needed.
    20 Feb, 08:40 AM Reply Like
  • reluctantanalyst
    , contributor
    Comments (2) | Send Message
     
    Market cap of top 12 car makers in the world - US$ 800bn
    No. of cars sold by these 12 car makers in 2012 - 50mn

     

    Tesla market cap - US$ 25bn
    No of cars sold - 35,000 (expected in 2014)

     

    Disclaimer: Approximate numbers
    20 Feb, 05:04 AM Reply Like
  • Altimas
    , contributor
    Comments (80) | Send Message
     
    Now factor in growth, superior technology, lack of middlemen that steal money, a visionary leader, a better business model etc.
    20 Feb, 03:57 PM Reply Like
  • PierreB
    , contributor
    Comments (3) | Send Message
     
    The automotive is a very capital intensive industry (compare it to Apple makes little sense)...not withstanding Tesla own business model which is even more vertical than many other car companies (that outsource production and do not own their dealers network). Is Tesla generating a lot of cash? No. At this stage its market cap is a third of BMW! As young and successfull company they need to finance their future growth: development of new models, charger network, new factory, distribution network...Is Musk an idiot? Most will agree he is not...so my 2 cents is that he will go for a massive cap hike...buy the car short the stock
    20 Feb, 05:04 AM Reply Like
  • redsstock
    , contributor
    Comments (317) | Send Message
     
    revenue is more important and tesla misses that in its suppose to be best quarter of the year...the comparison from 2012 is really not that impressive cause tesla only started full selling of model s in 2013. The revenue misses I believe is a proof that USA market has peaked already. TSLA actually lower its 1st and 2nd qtr guidance, WHAT IS LEFT IS EMPTY PROMISES for the 2nd half. Take note the battery shortage is being blame again, TSLA is doing this for almost 1 year now, The delay of model x that is bad news, meaning tesla will be selling only model s for 2014 and most of 2015. The gen III for the masses, 3 years from now or even longer I believe is DEAD ON ARRIVAL, cause other major car companies like Nissan(leaf), bmw(i3) are already selling EV for the mass market, competitors I expect them to market a much better ev cars in the years to come. . I AM STILL SHORT ON THIS STOCK AND MAYBE THE LAST REMAINING SHORT. The more this stock goes up the harder it will fall. Let's see how long the bulls are going to hold their bloated TESLA 25 BILLION DOLLARS market cap knowing that the world economy is crashing, the interest rate is going up and looks like the fed don't know what their are doing and in confusion.
    20 Feb, 08:45 AM Reply Like
  • chopchop0
    , contributor
    Comments (3526) | Send Message
     
    Let's see how many multiples of your short you can hold on to before you cry uncle....
    20 Feb, 09:04 AM Reply Like
  • chopchop0
    , contributor
    Comments (3526) | Send Message
     
    Next time, don't short, buy puts. TSLA is looking more painful today if you're short.
    25 Feb, 09:06 AM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    better yet dont short tesla at this point...
    25 Feb, 01:08 PM Reply Like
  • surferbroadband
    , contributor
    Comments (1817) | Send Message
     
    Good to get the correct numbers out. Thank you Seeking Alpha.
    20 Feb, 03:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector