tesla q2 reddit

Tesla (formerly Tesla Motors) is a tech company based in Palo Alto, California with a mission to accelerate the world's transition to sustainable energy. InsideEVs: Russia But for June, the "other imports" increased by 200 over the previous month. Get interesting investment ideas by Fred Lambert That's not sustainable and Tesla needs to find a way to thrive without these credits rather sooner than later.Legacy automakers sell ICE vehicles.

They should be talking about why the big auto makers need to pay them and how screwed they are.

He is obsessed with and hates the shorts. After market close today (a while after), Tesla released its financial results and shareholders letter for the second quarter of 2019.We are updating this post with all the details from the financial results and shareholders letter.Tesla announced that it made $6,349 billion in revenue and a loss of $1.12 per share (Non-GAAP) – on expectation for revenue and below expectation for earnings.However, it’s a big improvement over Tesla’s previous quarter results of $4.5 billion in revenue and a loss of $4.10 per share.While the loss is bigger than expected, Tesla confirmed that it is still sitting on cash and cash equivalent worth about $5 billion – “the highest level in Tesla’s history.”That’s through generating $614 million of free cash flow (operating cash flow less capex) and Tesla’s major capital raise that closed this quarter.But the market is focusing on the bigger than anticipated loss and Tesla’s stock (TSLA) is trading as much as 10% down in aftermarket trading.Tesla is maintaining its future guidance for the year and expect to be slightly profitable during the current quarter.Here we will be posting our follow-up posts about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):Tesla is a transportation and energy company.

The $428 million in carbon credits are just slightly more than the $418 million in “positive free cash flow” Tesla states it had in Q2 2020. If you compare that to Tesla’s net profit of $104 million, things get even uglier. Tesla makes a profit of $104 million in Q2 2020 The world's most valuable automaker says it hopes to deliver 500,000 cars in 2020. Don't see other manufacturers producing the necessary amount of EVs anytime soonAll this talk about SAAS and subscriptions has me very worried.This isn't a new thing, the whole internet has been talking about how great eliminating car ownership will be for you, how convenient it is to not own and maintain your own car, how much space saved for parking, how much money it will save you to drive in a taxi everywhere... (lol)Guaranteed the idiot shortsellers and wall street analysts focus on the $428mm regulatory credits since they were clearly much more than the $104mm GAAP profit and just a bit higher than the $415mm adj. Many other people feel the same.Perhaps S&P500 will attempt to strike some kind of deal where TSLA joins in exchange for a new offering but, again, Elon isn’t the type to play ball. No Tesla 2020 Q2 vehicle safety results reported.... wonder if it's a dip and they plan to silently reveal later.On In-Depth (Now You Know), they commented that it was a possibility that Tesla could just issue new shares for the S&P500 fund managers who (it looks like) will be required to buy a proportion of TSLA shares. Not good, imho. More R&D, or buying engineering R&D startups?That is possible and would lead to Tesla having a debt free fortress like balance sheet PLUS enough capital to build out several more factories.I doubt Elon will go that route. The requirements in many locations is going up and Tesla is way ahead in scaling up EVs.Sustainable? profit. Not good, imho.

Does this figure sound accurate or speculatively optimistic?What would be the ramifications?

popular-all-random-users | AskReddit-news-worldnews-pics-funny-aww-tifu After all, legacy automakers are paying Tesla to electrify personal mobility, but this reasoning oversees a myriad of implications. Will people still want to buy if it does not correct their issues? Posted on EVANNEX on July 23, 2020 by Matt Pressman. I would want to discuss the number without the capital raise, so operating cash flowKeeping it short and sweet this quarter. I typed (loss) out of habit, but the formatting won't accept it. Reddit; Tesla has released its Q2 2020 safety report showing a strong year-over-year improvement in Autopilot accidents, but a small regression quarter-over-quarter. I put some data validation in there because we get a handful of jokesters who like to put -10000000000 as their answer and it pollutes the dataThis. Answers without usernames will be discarded.EDIT : changed the wording in the questions to reduce confusion on answer format.Can we see the results page? Revolutionary Cars, Shitty Company : a discussion of Tesla driven by facts and data.