The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
Thu, May 5, 10:47 AM
- Shares of Tesla Motors (NASDAQ:TSLA) are down 4.53% to $212.45 as some of the post-earnings enthusiasm from the EV automaker's new ambitious targets is overtaken by the open-ended question of a capital raise. Though for the most part bulls are staying confident and bears are taking their shots, here's a snapshot of the Tesla interchange.
- RBC Capital Markets: "Tesla is increasingly asking the equity investor to sign up for a complex manufacturing ramp (5x in 2 years) the likes of which we don’t believe has ever been seen before. This brings both elevated expectations and execution risk." (via Barron's)
- Stifel Nicolaus: "We think a capital raise would be completely reasonable in light of higher initial Model 3 demand than expected. In terms of the guidance, though loosely mentioned in the past, we view the 2,000 units/week production rate at the end of 2Q16 as a modest improvement vs. prior expectations (from 2Q15/3Q15 shareholder letters), which called for a 1,600-1,800 units/week average throughout 2016 and 2k units/week by year end."
- Deutsche Bank: "Investors are well aware of Tesla’s propensity for aggressive projections. That said, there is no question that this [growth plan] represents a significant development."
- Baird: "We continue to model zero Model III deliveries in 2017, and increased our 2018 Model III estimate to ~160k (up from 40k), and total deliveries to 300k versus TSLA’s 500k vehicle target." (via Benzinga)
- Elon Musk: "Tesla is going to be hellbent on becoming the best manufacturer on Earth." (via conference call transcript)
- SA contributor Anton Wahlman: "The negative free cash flow worsened this quarter, partially because of last quarter's major end-of-year inventory clear-out. On a per-car basis, it was up from $25,236 per car sold to $31,497." (via SA Article)
Wed, May 4, 4:17 PM
- Tesla Motors (NASDAQ:TSLA) announces that it still expects to deliver 80K to 90K vehicles this year. The automaker will have some back-half pressure with Q2 deliveries of 17K expected.
- Q1 Model S orders were up 45% Y/Y on broad-based global demand.
- Q1 automotive margin came in at 20.0% on a non-GAAP basis (ex-ZEV credit revenue).
- Q1 services and other revenue rose 160% Y/Y to $121M.
- Tesla on CapEx: "We are re-evaluating our level of capital expenditures, but expect it will be about 50% higher than our previous guidance of $1.5 billion for 2016."
- Looking ahead, Tesla expects to need the extra capital to open the Gigafactory earlier than originally anticipated (first cells coming in Q4).
- The company says Model 3 production and deliveries will begin late in 2017. The target date to hit 500K in production is advanced to 2018.
- Tesla shareholder letter (.pdf)
- Previously: Tesla beats by $0.01, revenue in-line (May 4)
- TSLA +2.40% in after-hours trading to $227.91.
Wed, May 4, 4:09 PM
Wed, May 4, 12:57 PM
- Moving on to Elon Musk as he previews his Ira Sohn presentation for CNBC, Jim Chanos says Tesla (TSLA -4.2%) can't forecast one month out, let alone years. He finds it hard to believe the company can make money on a $35K car, and says a capital raise is "definitely" in store this year.
- Solar City (SCTY -2.6%), he says, loses money on every installation.
- Of Elon Musk: He hopes you forget what he talked about a year ago.
- Previously: Chanos makes short case on Cheniere Energy and Valeant (May 4)
Wed, May 4, 12:46 PM
- Tesla Motors (TSLA -3%) will lose two top manufacturing executives, according to Bloomberg.
- Sources tip off that VP of Production Greg Reichow and VP of Manufacturing Josh Ensign are both on their way out due to Model X glitches.
- Previously: Tesla Motors on watch for earnings day fireworks (May 3)
- Previously: Tesla's first quarter results on deck (May 4)
Wed, May 4, 4:35 AM
- Elon Musk may not mention Tesla's (NASDAQ:TSLA) stock price when his electric car company gives its latest financial update today, but it will be front and center for investors divided over its seemingly rich valuation.
- After a rally that ended in April, the company's market cap is currently about $31B - equivalent to $620K for every car it delivered last year, or $63K for every car it hopes to produce in 2020.
- Musk has previously promised to turn Tesla's first net profit by the fourth quarter, and will likely provide an update on Model 3 reservation numbers after the closing bell.
Tue, May 3, 5:35 PM
- AGO, ALDW, ALIM, ALJ, ALL, ANDE, ARCW, AREX, ARRS, ATO, AUY, AWK, AWR, BNFT, BREW, BRKR, CB, CBPO, CCRN, CDI, CECO, CENT, CF, CLR, CODI, CONE, CPE, CPSI, CSII, CSOD, CTL, CTLT, CUZ, CW, CWST, CXO, CXW, DAC, DOX, DPM, DVA, ECR, EPM, EQC, EQIX, ES, ETE, ETP, EXEL, FEIC, FICO, FIT, FLT, FLTX, FNV, FOXA, FRPT, FRSH, FRT, GDDY, GDOT, GHDX, GIL, GPOR, GTY, HABT, HASI, HDP, HIL, HIVE, HOS, HR, HRTG, HUBS, IAC, INFI, IO, IRG, JONE, KHC, KND, KONA, KTOS, KW, LGCY, LHCG, LNC, LNT, LPI, LPSN, LXU, MAA, MASI, MATX, MCHP, MCK, MED, MET, MHLD, MNR, MRO, MTRX, MTW, MUR, NCMI, NLY, NVAX, OHI, OME, ORA, OREX, OSUR, PAA, PAGP, PDLI, PE, PEIX, PHH, PNNT, PRI, PRU, QRVO, QUIK, RICE, RIG, RLJ, RLYP, RP, RRTS, RST, RYN, SBY, SKUL, SQNM, SRC, SUN, SWM, SXL, SZYM, TASR, TCAP, TEAR, THG, TLLP, TPC, TPUB, TRIP, TROX, TSLA, TSLX, TSO, TWO, VECO, VNDA, VRNS, WBMD, WFM, WFT, WGL, WMB, WMGI, WPG, WPX, WTI, WTS, WTW, XEC, XOXO, YUME, ZNGA
Tue, May 3, 2:39 PM
- Analysts expect Tesla Motors (NASDAQ:TSLA) to report revenue of $1.59B and EPS of -$0.52 tomorrow after the bell. Other key highlights will be an update on Model 3 reservations and discussion on the ramp up of Model X production. A capital raise from the EV automaker could steal the show if the amount catches investors off-guard.
- Stifel Nicolaus is comfortable sticking with its bullish view on Tesla ahead of tomorrow's report. Analyst James Albertine thinks 2016 delivery guidance will be maintained at a level of 80K to 90K units. He also expects a higher mix of Model X vehicles in Tesla's sales tally to help drive Q1 results close to consensus. A capital raise is seen being pushed further down the road, but Stifel hopes to hear from management sooner rather than later on the progress of the Gigafactory.
- Seeking Alpha contributor Montana Skeptic has five burning questions for Tesla management during tomorrow's conference call which is scheduled for 5:30 ET (webcast). Analysts have been accused of lobbing too many softballs at Elon Musk during the last few CCs.
- There's also the chance that Elon Musk pulls out something new tomorrow. On that note, the rapid developments with self-driving initiatives in the industry has many wondering where Tesla fits in.
- Tesla is down 2.56% today to $235.57 amid some broad weakness in the automobile sector.
Mon, May 2, 9:19 AM
- It's going to be an active for Tesla Motors (NASDAQ:TSLA) with the company hosting the World Energy Innovation Forum at its Fremont factory this week. The event, which in past years has included some deep-in-the-weeds EV engineering talk, will include a keynote address from CEO Elon Musk.
- The Tesla discussion over the weekend was dominated by Seeking Alpha contributor Anton Wahlman's article in which he disclosed that he easily ordered 20 Model 3 vehicles. The buzz elicited a Twitter response from Elon Musk in which he stated that duplicate orders will be canceled and noted that only 0.2% of orders were from the same e-mail and physical address. Still, the issue of what percentage of Model 3 pre-orders will be fulfilled is an open-ended question.
- Tesla also reports Q1 earnings on Wednesday. Investors can expect to hear an update on those Model 3 orders along with the revenue and profit numbers.
- Shares of Tesla are up 0.39% to $241.70 in premarket trading.
Fri, Apr. 29, 11:15 AM
- There's some buzz out of Detroit that Ford (F -2.1%) is working on an electric vehicle to compete on a mass-market basis with the Tesla Model 3 and Chevrolet Bolt.
- The talk appears to be some liberal extrapolation from what CEO Mark Field said during this week's earnings conference call. The Detroit News even goes as far as to speculate Ford will cash in on its Model E trademark.
- When the Ford boss was asked if the automaker planned to build a 200-mile range EV, he responded that some development was ongoing, although he offered no specific timetable to match up with the plans of Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM).
- Ford's position in the EV market is significant as major automakers and tech companies start to partner up. Add your guess on who Ford's eventual EV collaborator will be to the comment stream.
- Ford earnings call transcript
Thu, Apr. 28, 8:37 AM
- A Seeking Alpha article on Tesla Motors (NASDAQ:TSLA) posted by Paulo Santos earlier this week is still generating some buzz.
- Santos believes that some investors have been advised that the Nevada Gigafactory won't be fully constructed by the target date of October 2017. In fact, sources tell Santos the finalization date for the Gigafactory could be as late as 2020, although some operations could commence well before then.
- One of the best sources for Gigafactory sleuths is the local Reno Gazette-Journal which has eyes on the site and ears on the street. Last month, the newspaper gave a video peek at the progress on the battery manufacturing plant.
Mon, Apr. 25, 8:33 AM
- Tesla Motors (NASDAQ:TSLA) hired Willem Haitink to lead sales operations for the Europe/Middle East/Africa business, tips Electrek.
- Haitink spent the last four years as the CEO of sportswear firm O'Neill after a long stint at Nike. He has experience on the European beat after serving as a general manager of Converse.
- The exec will work out of Tesla's European headquarters in Amsterdam,
- TSLA -0.20% premarket to $253.25 vs. a 52-week range of $141.05 to $286.65.
- Now read Tesla: Quality Control Problems Are Temporary
Thu, Apr. 21, 11:41 AM
- "We have an idea for something which is not exactly a bus but would solve the density problem for inner city situations,” Elon Musk (NASDAQ:TSLA) said today at a conference in Norway. "Autonomous vehicles are key," he adds. "There's a new type of car or vehicle that would be great for that and that’ll actually take people to their final destination and not just the bus stop.”
- For the moment, that's about all Musk wants to give away on the plan.
- In the past, he has mentioned building car tunnels as a fix for traffic congestion.
- Source: Bloomberg
- Now read: Tesla: Quality Control Problems Are Temporary (April 21)
Thu, Apr. 21, 4:26 AM
- Tesla (NASDAQ:TSLA) has hit another order milestone for its latest car - the Model 3 sedan.
- "We are now almost at 400,000 orders," Elon Musk told a conference held in the Norwegian capital, adding that interest in the new vehicle had "surprised even us."
- On April 7, Tesla said it had received over 325,000 reservations for the Model 3.
Wed, Apr. 20, 9:07 AM
- Ford (NYSE:F) paid $199,950 for an early Model X from the limited edition Founders Series, according to Bloomberg.
- Though automakers frequently buy production vehicles for testing and teardowns, Ford's willingness to pay such a high premium is drawing some notice.
- Yesterday, The Model X was the subject of a Consumer Reports article detailing some early production issues.
- Tesla (NASDAQ:TSLA) trades level in the premarket session at $247.21 or to put it another way at about 59% of Ford's market cap.
Wed, Apr. 20, 8:00 AM
- A publication in Germany reports that the government plans to increase demand for electric vehicles by giving the category a tax exemption.
- Sueddeutsche Zeitung says EV buyers wouldn't have to pay vehicle taxes for ten years under the proposed legislation.
- A formal announcement is expected later this week.
- The EV industry had its eyes on Germany yesterday with a report out that Apple has a secret R&D lab up and running working on an electric car.
- Related stocks: OTCPK:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TM, OTCPK:NSANY.
- Now read All eyes back on Project Titan with German lab and Tesla hire in the mix
Tesla Motors, Inc. engages in the designing, development, manufacturing and selling of electric vehicles and electric power train components. Its products include electric vehicles such as the Model S, Model X and the Tesla Roadster. The company was founded by Jeffrey B. Straubel, Elon Reeve... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Country: United States
Other News & PR