Tesla reported a Q2 2020 profit

"Manwich - now Keto-Friendly" (manwich) 07/22/2020 at 22:55 • Filed to: None

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https://ir.tesla.com/static-files/f41f4254-f1cc-4929-a0b6-6623b00475a6

In summary... they made a profit, they have positive cash flow, cash on the balance sheet is up, debt is down... they are weathering the COVID storm amazingly well.

SUCK ON THAT TESLA HATERS!!!

For Sweden > Manwich - now Keto-Friendly 07/22/2020 at 23:04

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Edison in shambles

SBA Thanks You For All The Fish > Manwich - now Keto-Friendly 07/22/2020 at 23:09

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Giga Growth. You must be so happy.

notsomethingstructural > Manwich - now Keto-Friendly 07/23/2020 at 01:37

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Surely you understand there’s an enormous gulf between “I hate Tesla” and “TSLA is clearly overvalued if a bad day of trading wipes out more market cap than the total market  cap of Toyota”

Manwich - now Keto-Friendly > notsomethingstructural 07/23/2020 at 07:40

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Oh definitely.  I personally think the stock is overvalued even if Houghton I’m a Tesla fan

Manwich - now Keto-Friendly > Manwich - now Keto-Friendly 07/23/2020 at 08:00

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Autocorrect changed “even though” to “if Houghton”

:-/

TheTurbochargedSquirrel > notsomethingstructural 07/23/2020 at 09:03

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I don’t understand at all how Tesla could possibly be worth more than the likes of Ford, GM, and Toyota. How can a company be worth so much when it is a surprise for them to turn a profitable quarter?

notsomethingstructural > TheTurbochargedSquirrel 07/23/2020 at 09:16

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I mean Ford and GM have gone bankrupt before. Their ongoing and on-the-books liabilities are massive, and certainly Ford has huge issues with selling cars that don’t start with “F-“ . Toyota is another matter though.

I read a thorough article that tried to explain how institutional investors would comb through their financials and it came up with a share price of around $1100. Beyond about $1250 they said it’s just speculation or people who are anticipating margins of 30%+ and in their view that’s just not attainable for those cars. They used Ferrari for comparisons but said it was outside of the realistic upside for a mass-market company like Tesla... still cool to see how the math worked though.