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Bryce_in_TX

Bryce_in_TX
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  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    "And it would have been $164 million better with realized lease accounting and $20 million better without subtracting Elon's stock-based compensation. "

    What do you mean "with realized lease accounting"? What are you saying?

    Stock based compensation does not factor into cash flow. It is a non-cash expense, and a legitimate expense, but it does not factor into cash flow because it is non-cash.

    Elon does not work for free. There is a value exchange between Tesla and Musk. If the stock had no value, neither would Tesla have value, or its shareholders. That is why the stock based compensation shows up on the Income Statement as an expense.
    May 13, 2015. 01:50 PM | Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    @DoubleE,

    Enlighten me on why one would back out the negative cash flow from the leasing program.
    May 13, 2015. 02:25 AM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    "@ToolGrinder,

    "Silly Alberto, depreciation expense is only for mortal companies! That's why TSLA has almost $800 million of "Construction in progress" (note only $146m of that is the battery factory) so that they don't have to expense that nor the associated interest cost (that they are also capitalizing)."

    "These are truly staggering numbers and dwarf the current expense presentation. "

    There are accounting standards for classifying expenditures as construction in progress. It doesn't appear you have any knowledge of accounting standards, based on your statements.
    May 13, 2015. 01:17 AM | 2 Likes Like |Link to Comment
  • Is There A Dividend Bubble: Kinder Morgan Edition [View article]
    @Jacksteppen,

    Where is your support that "Interstate gas pipeline depreciation rates are mandated by FASB"? I have never found such a mandate. I have never known FASB to establish guidelines for how long any asset should be depreciated.

    Instead I have found that the depreciation period and method for any asset under GAAP accounting is soley a management decision. (See page 633 in link.)

    "GAAP requires that companies allocate the cost of depreciable assets to expense over the expected useful life of the asset in a systematic and rational manner."

    http://bit.ly/18F9AAD

    Additionally, in KMI's 2014 10-K it states on page 88:

    "We generally compute depreciation using either the straight-line method based on estimated economic lives or, for certain depreciable assets, we employ the composite depreciation method, applying a single depreciation rate for a group of assets. Generally, we apply composite depreciation rates to functional groups of property having similar economic characteristics."

    http://1.usa.gov/1JbyS8h

    No mention of FASB mandated rates anywhere that I can find. So, where is support for your statement? Just wanting the information you have, if it is something I don't know about.
    May 12, 2015. 11:40 PM | 2 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @Davewmart,

    "This guy would not inflate Model S demand as he is so worried about the SEC? "

    The SEC reports make it clear that Tesla is saying Model S demand is increasing, and Musk's recent statement on demand mirror that, page 47 of 2014 10-K:
    "Our orders for Model S in 2014 significantly increased from the prior year as we expanded our operations internationally and introduced Model S product enhancements. In October 2014, we revealed our All-Wheel Drive Dual Motor Model S and our Autopilot system. This version of Model S proved very popular, leading to over 10,000 unfulfilled orders as of January 1, 2015. We expect that demand for Model S will continue to increase worldwide as more people drive and become aware of our vehicles, as we grow our customer support infrastructure, and as we broaden the appeal of our products."

    http://1.usa.gov/1GDd6Jo

    If this is not the case, then I would conclude Musk and company would be perpetuating a fraud and be subject to prosecution and lawsuits.

    Company officers "must certify in each quarterly and annual report, among other things, that, based on his or her knowledge:

    the report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading;"

    http://1.usa.gov/1cPfamS

    As I said, if he is lying he opens himself up to federal prosecution and lawsuits. To me that is plain dumb and stupid.
    May 12, 2015. 04:36 PM | 4 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @Davewmart,

    "I can't see much that is balanced and impartial"

    And I could care less about what you think. I am not the one saying I am balanced and impartial. That is coming from others who read my posts. Go fly a kite.
    May 12, 2015. 04:28 PM | 3 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @portatopia,

    "What do you mean demand is increasing?"

    That is what Musk said, not me. Musk was clear in his statement that demand is increasing. There was no ambiguity in his statement. He says demand is increasing.
    May 12, 2015. 04:26 PM | 3 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @portatopia,

    "SEC is hands tied in persecuting any CEO making wild misleading forward looking statements. The CEO can always turn around and say OPPUS I was wrong in predicting off the hook demand in ___ . There is absolutely nothing as a investor can do if you take such forward looking statements as truth."

    I interpreted Musk statement on demand to be fact, as of the present, not a forward looking statement. When shareholders are injured as a result of relying upon company statements and data that prove to be misleading, they can sue, and the SEC steps in sometimes.
    May 12, 2015. 04:23 PM | 2 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @cparmerlee,

    "When was the last time the SEC put anybody in prison for this sort of thing?"

    Civil suits are raised constantly when things said in the SEC reports and perpetuated by statements, such as Musk's on demand, don't pan out, and sometimes SEC inquiries are started, as well.

    I don't have a Pollyanna view of our legal system. Just the opposite. But, when shareholders or others are injured as a result of misleading statements and data, or omissions of statements, individuals sue and sometimes SEC inquiries are started. That is fact, not opinion. I stand by what I have said.
    May 12, 2015. 04:19 PM | 2 Likes Like |Link to Comment
  • Is There A Dividend Bubble: Kinder Morgan Edition [View article]
    @Jacksteppen,

    " Interstate gas pipeline depreciation rates are mandated by FASB."

    Site your source from FASB, please.
    May 12, 2015. 03:17 PM | Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    Here are the terms:

    http://bit.ly/1OtM0Ys
    May 11, 2015. 08:54 PM | Likes Like |Link to Comment
  • Is There A Dividend Bubble: Kinder Morgan Edition [View article]
    " Author’s reply » To condense your comment, you're saying that pipeline depreciation is not a "real" expense, correct? I'll address this argument in the next article. "

    Are there economic realities which GAAP is failing to reflect in the company's valuation, such as an increase in land value the pipeline's exist on/in and the value of right of way rights? Just asking.

    Does GAAP pipeline deprecation fairly reflect true economic depreciation or is maintenance cap ex a better reflection of true economic depreciation? Does maintenance cap ex replace pipelines, little by little, as they wear out?

    Are there any other assets the company has which increase in value but GAAP fails to capture that value due to being based on historical cost?

    These are questions that may be of interest to current shareholders and prospective shareholders.

    Cash flow (operating cash flow less investing cash flow) was negative by about $2 billion from 2012 to 2014. How does that impact the company or does it?
    May 11, 2015. 07:58 PM | 7 Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    "Bryce, TSLA will not buy all cars in 1-2 Q time frame that they financed till today, so your example is not how it goes in reality....TSLA will be buying the cars 3 years later at the same volume they financed it in each Q , 3 years earlier"

    Yes, you are right, but $236 million (amount of RVG liabilities recorded in 2013, $250 million in 2014) paid out in one year (an unlikely scenario, IMO) would have a material impact on net income or loss, both on a non-GAAP as well as GAAP basis, and cash flow, IMO.
    May 11, 2015. 06:39 PM | Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    mikestesla,

    I have not formed an opinion that Musk is not telling the truth, just the opposite. I am saying it would be stupid to say what Musk has said, if they are lies. It would open him up for possible federal prosecution as well as civil suits. Therefore, I don't believe they are lies. That is why Davewmart is all over me.
    May 11, 2015. 06:27 PM | 3 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    mikestesla,

    What I said in my statement that you quoted does not reflect negatively on Tesla in any way.
    May 11, 2015. 06:08 PM | Likes Like |Link to Comment
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