"PatBateman" (PatBateman)
08/05/2015 at 16:52 • Filed to: Tesla
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"PatBateman" (PatBateman)
08/05/2015 at 16:52 • Filed to: Tesla | 1
| 6 |
Last year, E. Musk lowered the expected number of cars delivered down to 35,000. They didn’t hit that number by EOY. Now, they officially lowered the number of 2015 deliveries from 55,000 to “50,000-55,000”.
I’m sure someone on the front page is hard at work with their story, so I won’t go too far into the numbers, but DAMN, Elon! Stop over-promising and under-delivering! If you don’t hit your expected deliveries AGAIN, it’ll be a pretty bad mark on your company’s record.
LongbowMkII
> PatBateman
08/05/2015 at 17:00 |
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But the Model X has really taken off after its debut in Q3 of 2014 or whenever...
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PatBateman
> LongbowMkII
08/05/2015 at 17:02 |
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If I had a nickel for every Model X I see on a weekly basis...
nermal
> PatBateman
08/05/2015 at 17:13 |
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They’re still running 70% YOY sales gains, best in the industry. In addition, there are almost 500 charging stations currently deployed.
On top of that, they have orders for as many Model Xs as they can produce for at least the next year.
In other words, take the opportunity to buy in now, if you didn’t during the last dip.
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PatBateman
> nermal
08/05/2015 at 17:26 |
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I’m not going to comment on the stock valuations because of what I do for a living (and how I could get fired for it). I will state, however, that even after all of those variables are factored in (YOY growth to-date, Model X preorders), the company is STILL lowering EOY guidance.
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nermal
> PatBateman
08/05/2015 at 17:52 |
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Yes, they’re lowering guidance, but they are still growing at an extremely impressive rate. The things that Tesla has that others in the auto sector do not is the upcoming orders, a product that is unmatched, and the fact that they don’t have to deal with the UAW.
It’s good business practice I think, rather than taking profits now, to continually invest in growth. Especially at a time of low fuel prices driving down demand for EVs.
As a company, they’re in fine shape.
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PatBateman
> nermal
08/05/2015 at 18:35 |
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It’s not even about profits at this point. It’s about management over-promising. YOY growth is great, but they are now projecting less growth than they initially announced. This has been a constant trend with the company, so much so that many people don’t even take their new product announcements seriously.
I’m neither an optimist nor a pessimist. I’m a realist. And when I continually hear numbers and products that turn out not to be realistic, I stop believing.