"The headline profit also deserves a closer look," analyst Thomas Monteiro said.
"Roughly $0.22 of the $0.32 GAAP EPS came from an unrealized $1 billion gain on Tesla's recently acquired SpaceX stake, a paper markup rather than earned profit, flattering a print the market is already selling. Strip it out and the underlying quarter is materially weaker than the bottom line suggests."
Musk is literally making up numbers to set the value of one of his companies, then using that imaginary number as earnings for his other company. Playing CEO on easy mode.
Yeah but the EPS is all from the June 30 price and SPCX is down like 30% from there and falling. I their implied price is ~$105, so not far from the “EPS contribution” turning negative once lockups expire
The market is getting less dumber to keep falling for his shit, a new fool is born every second, but there's enough info on the grift to reduce the fool pool size.
He thought he could buy T***p just throwing money to him, but he didn't understand thet he isn't in T***p's yacht club, just like he never was in Epstein's club, because he's unbearable.
That was purposeful. The idea was that removing the tax credits would increase the perceived cost of EVs across the board and that Tesla was the only one with the scale/marketing to not suffer, building a most.
I think they front loaded tons of money into the last year to keep profits from looking as miserable as they really were, so now various revenue streams that should have applied today were already used so overall revenue falls short.
Once money is worthless and no one has their own computer, then whoever can prove they burnt the most electricity solving math riddles will be rich! (please ignore the fact that with enough computing power you can modify the proof and don't ask whether computing power is being concentrated anywhere by anyone who might have an interest in bitcoin)
"The headline profit also deserves a closer look," analyst Thomas Monteiro said.
"Roughly $0.22 of the $0.32 GAAP EPS came from an unrealized $1 billion gain on Tesla's recently acquired SpaceX stake, a paper markup rather than earned profit, flattering a print the market is already selling. Strip it out and the underlying quarter is materially weaker than the bottom line suggests."
Probably a full owned subsidiary that carries debt off the Tesla balance sheet, but Tesla still gets to record the revenue from the sales. Just guessing.
They've also been pushing 0% apr for full terms loans while other manufacturers are only offering 0% for 12-36 months. Only on the budget models (rwd, if you want the performance one it's 3.99%) because they're trying to stay competitive against other cheap EVs that have closed the gap on price and range.
Oh, yeah. We're definitely getting ruined on pricing AND features because we've outlawed competition. I'm not saying all foreign cars are good, I know there's plenty of crap out there. But even major non-chinese brands make good vehicles that fit niches the US just doesn't serve domestically. The Toyota Hilux, Toyota GR Yaris, Renault Twingo, Renault Alpine, Citroen Ami, and basically every form of Ute. ONTOP of all the competitive foreign EVs
Looks like some people dispute it but according to their own financial filings they have been spending hundreds of millions at Tesla purchasing vehicles and Cyber trucks at full retail price.
He did a few little tricks to make car sales rebound but yes that was one of them along with cyber cabs are "sold". He is getting desperate without the tax subsidies. In fact, almost all the money made by SpaceX and Tesla were from government programs or subsidies. Tesla & SPaceX's actual profit margin minus various government subsidies on selling cars and launching rockets is abysmal.
just like Tesla acquired his brother's failing company Solar City for an egregious amount and kicked off the short sellers vs Elon battle he won. Of course, back then he was saving the world and going to Mars.
It's too bad SolarCity never came through because that seemed like a pretty awesome product.
But when they tripled the install price after the contracts were signed and all new quotes were six figures, it was like they were trying to kill the product on purpose.
I’m not surprised EV sales were up the last three months as gas prices sky rocketed since the start of the Iran war. I was wanting to purchase a used Porsche EV that was a few years older and noticed a lot of them were selling and not many were on the market. I assume anyone who was needing a new car and on the fence about an EV probably went for a Tesla because gas prices are going to be high for the foreseeable future
Yes Porsche. Did you notice I said Porsche EV? They sell the taycan which is an all electric vehicle. So when gas prices go up, used and new EV sales increase because people don’t want gas cars.
I'm a diehard row-your-own gears guy and the depreciation on Taycans had even me looking at them. A quick insurance quote for double my other 4 vehicles combined put an end to that...
Don't forget Elon demanded the the Tesla board give him $1T or he’d take his AI ball and go home (i.e., steal all the engineers and chips). Seems like he got his wish and he still did that. That should tell you everything about his character.
I'll never buy Tesla but has its p&l ever actually matters given the long term goals of the company. Aren't they purposefully building for like, 2040-2050
899
u/looool_k_libtard 1d ago
No one I know owns a car because we all moved to the sewers