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Bryce_in_TX

Bryce_in_TX
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  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    Davewmart,

    I am not on a "high horse of impartiality". I simply state my views. What hasn't been addressed is Musk' statements. If he is lying, the guy is opening himself to federal investigation and civil lawsuits. In my view, only an idiot would do such a thing. If I say demand is increasing and it is plainly decreasing, that is clearly and unambiguously deception and misleading investors which makes me liable for federal prosecution.
    May 11, 2015. 04:58 PM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    " Can you say why are you commenting on TSLA if you do not think is a save investment for your taste, was my point ? "

    For you in particular, it started out trying to correct a misunderstanding on what can or can't be counted as revenue, the parent selling to a subsidiary is an intercompany transaction and can never be considered revenue on a consolidated basis.
    May 11, 2015. 01:17 AM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @Peter,

    If Tesla had to buy back every car they financed with the RVG, it would be in excess of $700 million. That would be a tiny percentage of Tesla's 2016 cashflow? I don't think so. And if that were to happen, Tesla has got serious problems with its resale value or fair market value.

    Whatever. The arguments are absurd.
    May 11, 2015. 01:13 AM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    You miss my point on investing. It is to find stocks that are undervalued which are consistent dividend payers, regardless of the level of the stock market or the performance of the SPY. Finding 3% or better dividend stocks with a 5% or better growth in dividends on an annual basis over 5 years. Finding those, the capital appreciation will take care of itself over time. The goal is simply to try and achieve an 8% or better annual return.
    May 11, 2015. 01:08 AM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    "So I take it that you are commenting in TSLA treads only because you are fascinated by how come the stock is going up and up on bad GAAP metrics ? Am I correct or there is different reason why so many comments from you here if you have no plan to stake real money on TSLA ? "

    My posting is to primarily point out accounting qwerks or misinterpretations of accounting, such as the RVG accounting and how it is possible for GAAP to create distortions in earnings as a result, or R&D expenses and that all of it is expensed under GAAP but the reason such expenditures occur is for future benefit. But there are other reasons. I'm not aware a person has to be invested in the stock to comment.
    May 11, 2015. 12:58 AM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    "How are you going to make money if you wait and stay on the sideline till then ??"

    You asked, here it is:

    http://seekingalpha.co...

    http://bit.ly/rBJkXG

    I prefer that approach over investing in Tesla.
    May 10, 2015. 11:37 PM | Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    I am stating facts. That doesn't hinge on where the stock price is going.

    I prefer to invest in companies with a good credit rating that pay a 3% or better dividend. Risky investments such as Tesla are for much younger people, IMO. The stock price is going up, up, up, until it doesn't.

    One of my core principals is to not lose principal. With Tesla there is high risk of losing principal.

    To quote John Maynard Keynes: "the Market can stay irrational longer than you can stay solvent."
    May 10, 2015. 11:26 PM | 2 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @cparmerlee,

    Along with my statement you quoted was:
    "We don't know the reason for the deposit decline for one quarter, but historical data from Tesla show that demand can be increasing when deposits are declining."

    I am talking about a decline in deposits and that is what the statement was made in relation to.

    If Musk is lying, I am in favor of bringing charges against him. But, I think you have to be a fool to say demand is increasing when it isn't. Leaves you open to all kinds of federal charges as well as civil suits.
    May 10, 2015. 11:10 PM | 3 Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    That fine, mikestesla. But Tesla doesn't "realize" its profit until the resale. Until then it is "unrealized". The $30,800 "book" GM is not real if the customer sells the car back. In that case, no profit, if any, is made on the car until it is resold. The car cost $79,200 and all Tesla has received for it after 3 years is $55,000. It has to resell the car to realize a profit.
    May 10, 2015. 11:05 PM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    Again, the name is Bryce, B-R-Y-C-E. It is not Bruce.
    May 10, 2015. 11:00 PM | 1 Like Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @mikestesla,

    The name is Bryce, not Bruce.
    May 10, 2015. 10:57 PM | 1 Like Like |Link to Comment
  • The Powerwall's Implication On The Electric Utility Industry [View article]
    My electric bill last month was $87. 10.3 cents per Kwhr. I'm 100 miles north of D/FW. 1,350 sq ft home. Check the rate below.

    http://bit.ly/1RtbV3Z
    May 10, 2015. 10:49 PM | Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    To be clear, if a Model S is sold for $110,000 retail and the RVG is $55,000, then over the lease term of 3 years, $55,000 in revenue would be recognized and $24,200 of depreciation (cost of sales) would be recognized, assuming a 28% GM ($79,200 manufacturing cost of car). Tesla pays the customer $55,000 for the car which is assumed is to be worth at least $55,000 FMV by Tesla. The GM recognized is that for leasing the car. No GM has been recognized for the RVG

    At this point, Tesla has received $55,000 for the car. Its cost to manufacture was $79,200. As of yet, it has yet to recover $24,200 of its manufacturing cost. So, even though Tesla shows a $30,800 "book" gross margin on the lease, that amount has not been realized yet. It has to resell the car to determine the actual amount of GM it will make.

    If Tesla can resell the car for at least $55,000 plus cost to refurbish, warehouse, and sell, then it makes at least the 28% GM goal. If it sells it for more, it makes more. If it sells it for less than those costs, then the 28% GM is not achieved.

    But no profit or loss is made (determined) on the RVG until the car is resold.
    May 10, 2015. 09:15 PM | 2 Likes Like |Link to Comment
  • Can Tesla Pull Off A Fourth Quarter Miracle? [View article]
    @PeterJA,
    " 'If the resale value holds up, then it stands to reason most of the cars won't be sold back to Tesla.'

    Not necessarily. Plenty of people trade-in their cars to dealers rather than hassle with getting a few more dollars from a private sale. Especially wealthy people who can afford it."

    Tesla is not thinking as you state, else it would accrue for returns in its non-GAAP. Tesla does not accrue for such returns. Tesla is recording revenue on a non-GAAP basis as if no vehicles will be returned. Seems to me I have argued with you before that such accruals should be taking place, and you have dismissed that idea because you said the returns will be immaterial? Am I wrong?

    " 'If the car is sold back, then nix the gross margin from the RVG. No gross margin would result from the RVG in that case. It would have to come from the CPO sale.'
    Maybe that's how accountants think, but common sense says the profit from the initial sale is still intact if the car is resold for even more profit."

    What I have stated is true. It makes no difference whether one is an accountant or not.

    "If the car is sold back, then nix the gross margin from the RVG. No gross margin would result from the RVG in that case. It would have to come from the CPO sale."

    If the car is sold back, the only gross margin recognized from the original sale transaction is that attributable to the lease. None would be recognized from the RVG. I can do the transactions if you'd like to see them, accompanied by Tesla's 10-Q wording.

    If the car is sold back, any profit or loss from the RVG would come from a resale of the car, not from the original sale transaction.
    May 10, 2015. 08:37 PM | 2 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    @Cparmerlee,

    I certainly may be wrong. I think that contradicts what you just said about me.
    May 10, 2015. 07:30 PM | 2 Likes Like |Link to Comment
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