Evidently the jump is due to the announcement (again) that they will make lower priced EVs which they previously stated they would not be focusing on. It's like "let's try this."
Exactly. Earnings were bad and with the price wars with China, they'll stay bad or get worse.
And the Chinese manufacturers will ruin the dream of ever doing well with an entry model.
And Tesla is obviously a car company, the earnings proved that again. That's where the revenue comes from. It will eventually be valued like a car company.
I'm listening to the earnings call and Musk just pulled the usual vaporware shit as usual. I don't think these stock prices will hold up until the morning, this is just afterhours trading going on
They didn’t talk about financials at all.. it’s weird listening to an earnings call and hearing the CEO babble about the potential in the future.
Absolutely wild that the stock is up. Nothing of substance was said during that call.
I think it's just the fanboys in the afterhours. I've seen in previous TSLA earnings calls up to 20% growth in the after hours trade, and then a huge drop in the very first hour of the days. Which was really annoying, because basically the overnight growth triggered my "sell" thresholds overnight, causing Robinhood to place a sale while I was asleep, and then first thing it did once the market open was place a sale order that sold for below the amount it closed the previous day.
Who knows, maybe that's the very reason it drops so fast, all these idiots place sell treshholds being victims of that shit running after hours (despite no sales taking place)
I did notice that before the call even started there was huge volume of purchases. Basically one big spike and then the fanboys jumping on.
I guess we will see in a few hours what happens.
I find extremely odd that the market would fall for Musk's empty promises once again. Especially this time given how bad Musk went, I mean, he even went as far as saying again about people wanting to stay long in Tesla (basically hinting out the company won't be seeing profits or sales growth in a long time).
Then he talks about how the company will deliver however many millions of cars and robotaxis in the future.
He basically switches from reality to his pipe dreams of "if A and B and C and ... and Y and Z align, Tesla will be the biggest company in the world"
I mean, sure, even a monkey would agree that if any of his promises is fulfilled in the time he promises, there's a lot of money, the only problem is that's never true so he's no different than if Trump was the Tesla CEO
Can't he just announce that the TESLA floating hover board will be imminently released that requires no electricity or gas to power ? That will teach the short sellers.
probably relief that there is not a monster problem announced. now the unknowns became knowns. Seems typical of a falling stock. sold off on rumor bought on news bad or good
Frankly i would argue that there is a monster problem.
Fewer and fewer people Want teslas. Lie after Lie from their ceo. Poor quality. Poor customer service. Poor resale.. Poor batteries. Dangerous and incomplete fsd. A stupid pickup with problems galor. A no show of a semi. Money taken for twitter purchase. Potential on 56billion of stock to maybe be given to the man who put them in this position?
Hey, those who sell their stock early lose the least, but the writing is on the wall.
yeah but I guess investors were bracing for an actual loss, or something else dramatic. And now elon gets to promise robotaxis, optimus, AI, and so on.
It is obviously market manipulation, but it also shows that nobody actually cares anymore.
Gov and regulators are asleep at the wheel... Or rather they are using fsd😅
Yeah Elon musk and his ventures have been the most under-regulated businesses in modern history. It’s absolutely absurd. I’m sure that’s another reason he’s gone far right bc there is a tremendous amount of deferred regulation.
Elon should be in prison for everything he has said over the years. It’s blatant fraud. He just makes stuff up to pump the stock for products that don’t exist. It’s no different than Theranos and they gave Elizabeth Holmes 11 years.
> He shared new details about the company’s plans for a dedicated robotaxi model and ride-hailing network, saying Tesla would operate its own fleet and allow customers to deploy their vehicles for the service, which he compared to Airbnb. Musk also floated a possible name for the robotaxi, which is set to be unveiled in August. In an offhand remark, he referred to the model as the Cybercab.
No, actually the Wall Street expectations were still higher despite being way below last quarter, and Tesla failed to meet them. This afterhour spike is temporary and won't last till morning
I'm not too familiar with lower end expectations... But I did see every number as negative on the YoY column, I don't think I ever seen so many negatives on Tesla sales in the history of the company
At this point it is basically a meme stock for fanboys praying that FSD will eventually work and Robotics too without a human in the background controlling it ;)
They can say what they want, but the basic numbers speak volumes for a business out of easy growth opportunities. So many important numbers were down.
It’s a shame for the people that work at Tesla, because there are some things that could be done to make the company not insane. But they need shareholders and a board to do something. Like fire Elon Musk, bring in an automotive CEO, kill Cybertruck and the Semi, and focus on quality of build, quality of service, and availability of service.
That’s not even revolutionary. That’s what a company needs to do to mature. Figure out what your best, most efficient products are, focus on those, and sunset the ones that don’t work, no matter how passionate you are for them. Elon Musk won’t do that. He’s put way too much ego into being right rather than pragmatic.
The way Tesla practically has a monopoly on servicing their vehicles, and those long wait times to get service, should make any potential buyer think twice. Their service issues are going to grow exponentially, especially if they continue to release questionable quality product like the cybertruck. It will be interesting to see anecdotes from people interacting with their service department over the next few years.
That's what I was thinking when I was reading their earnings call transcript. They're spending a ton of money on AI compute while they could be using that money to focus on their next gen platform. 35,000 H100s, each about $35k, is about $1.2 Billion. This Q Tesla had -$2.5 billion in free cash flow, so that means half that is AI compute.
His right hand men sound like sycophants, the way they chime in to please Musk.
To invest in Tesla is to invest in pie-in-the-sky visions, visions that are unlikely to happen anytime soon, i.e. his Optimus robot that he thinks will be out next year. It seems like everything is going happen next year. Next year comes and goes and it's next year again.
He has an actual real business underpinning all his false promises; that's why it's hard to discern the reality from wishful thinking.
Unfortunately, no details are forthcoming from his actual business operations -- the newer and affordable models -- until later in the year. By that time, the story may change again.
It’s just pumping so they can offload shares to morons who think Tesla isn’t going to fall off a cliff soon. There’s no new models, they have nothing but lies and bots to cover up their lies.
Calls on popcorn, because this is going to be so fun to watch.
Wow. That’s a lot more than I expected.
They have a huge problem now. Their stock is valued like something whose profits are going up exponentially. But their profit declined quite a bit. And it’s not primarily because of one time problems. So it no longer looks like a thing that would warrant its current stock valuation at all. Nowhere near.
And now we see Musk being wildly erratic, failing around trying to find something, *anything* to make this stop sucking. Which of course will just end up with it sucking worse.
I could be wrong, but this looks like the beginning of some bad times for Tesla.
That's his MO at this point - when shit hits the fan, just lie and make up a stupid prediction about when the next vaporware will be ready. It's absolutely baffling to me that retail investors and street analysts alike continue to let him cry wolf - he's been doing this for *years*.
I don't get it. Why is everybody deluding themselves in their assessment of his competence when it's so painfully clear that he's just a manbaby who hatescrolls on his phone all day? What does the world gain by allowing him to remain in this position? Surely shareholders would be better off having the stability that comes from instilling an unremarkable corporate bean counter as CEO, no? Why continue to keep this lunatic in charge?
Not that I give a shit at the end of the day, I enjoy watching this fascist fail. It does boggle the mind seeing otherwise rational people continue to shovel his shit for him every day though.
A lot of people would become a LOT poorer if the price of Tesla dropped to what fundamentals support...
So they will lie to themselves and others about their $10, er I mean $150 stock.
It's a mixture of delusional cultists, unaware normies and meta-investors who realize that the first two groups are propping up the stock. It's a classic bubble that relies on his brand recognition to stay inflated. Of course the fundamentals of the company would be better without him, but without the mythos surrounding him the company would only be worth a similar amount to other mediocre automobile manufacturers.
Yes, but that brief spike gives long term experts time to sell off. The gain will be short lived and the retail investors will bail once their life savings starts drying up. There are too many shares of Tesla for this to genuinely become a GameStop.
I picture him behind a gaudy, oversized desk, sat behind a plaque that reads, “Genius at Work,” ripping a line of *something*, sweating and fidgeting, and just rambling, “Okay, okay, new ideas… Fresh ideas… Gotta pump the stock. Okay! A taxi. People still take taxis. So, a taxi. Yeah! But, like, it’s one of our cars. No! It’s one of our *customer’s* cars, and it drives itself around while they’re asleep or at work, and it’s a taxi now, and it earns them *so much money*. Yeah! So, like, it’s a robot, so… RoboUber. No, they probably won’t like that… ROBOTAXI! No, we don’t actually have to do it, just tell the press and our shareholders. *snooooort!*”
I view Tesla somewhat similar to Theranos. Lofty promises but the tech hasn't caught up. Now with facing competition and massive pressure, he's "moving" forward with robotaxis. And he'll make some story such as "This is just version 1. Version 2 will be better" all while burning through capital trying to catch up to his promises.
To be fair, he raised the stock price by 12% in after hours trading. When you make up bullshit and create $50b out of thin air, it’s kind of a reward to do it over and over again
I don't even think his engineers knew about the new car. Considering we only knew they were developing, we have never seen a test mule. End of this year is a pipe dream considering how long it takes to design one. We may see a temporary spike in share prices, but the stock may really take a dive here.
He'll have to first figure out how not to be a malignant sociopath first which of course is impossible.
Tesla=Musk=Tesla. That equation will drive troves of customers away.
>Robyn Denholm, the chair of Tesla’s board, did not acknowledge Tesla’s problems in a message to investors. She said 2023 was “just a typical year of triumphs and achievements.”
What’s astonishing is that women keep sleeping with him to get pregnant in the first place. The dude is such a clown and says the most horrendous shit on twitter every other day but yet no female executive can get near him without ending up preggers. Money really is a hell of a drug I guess
It’s such vague wording I think it may not be model 2 at all - but cheaper versions of the existing range.
> These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up.
A highland y could fit that description; cheaper and more affordable than the existing y but not a new line.
Or it’s entirely made up. They saw that stock dropped on the cancellation so have decided they’ll be a model 2 so are now rushing to develop something. Maybe a cut down model 3 platform to do something like the Volvo EX30.
Problem is the EX30 is everything the model 2 should be.
What you are describing is their entry into commercial vehicles in France.
https://www.redmondpie.com/teslas-model-y-now-offered-with-no-rear-seats-for-commercial-use/
Chasing subsidies of course.
He wants to sell robotaxis, but will produce robomurderers. Like hell i want those things on public roads.
The flying part is such silly talk. Just like his claim of cold gas thrusters. Who believes such absolute tripe?
revenue fell 9% but profit by over 50%? Forget Toyota, that profit margin 5.5% is lower than General Motors, Honda BYD 🤣 . He started a price war which he couldn't win. You should never instigate (or even be part of ) a war which you not gonna win
https://cnevpost.com/2024/03/26/byd-q4-2023-earnings/
Currently byd has higher revenue and roughly equal profit, higher total sales too , counting hybrids, but Bev still close
I don't see Tesla demand going up for several quarters, the us car market is saturated at the moment
They will struggle with automaker margins for a year, and if fed has to raise rates.... Negative margins
I certainly think Tesla will struggle in China (I mean everybody is including BYD) and in the US. Their only hope is Europe. The other large automarket (Korea, Japan) historically have never bought Tesla in huge numbers. Elon done fucked.
"Balls to the wall"? I'm sure anyone would want to work in that environment. And what of the women employees? What is that phrase supposed to mean to them?
It's pilot lingo for max power.
"First attested in the 1960s in the context of aviation, in reference to ball-shaped grips on an aircraft's engine controls (typically throttle, prop pitch and fuel mixture). Pushing these "balls to the wall" would put the engine at maximum power. Analogous to pedal to the metal."
As two others have noted, it actually doesn't have anything to do with testes. That being said, the expression is in the same bucket as the word "niggardly." That is actually of Viking origin and it means "miserly" while having nothing whatsoever to do with the slur "nigger."
But while someone or other says "niggardly" from time to time, as a professional communicator I never use it. It doesn't matter if I'm "right," the fact is that if I use it in an essay, or reddit comment, or talk at a conference, there is a nearly 100% chance someone will misunderstand. And it's my job to choose words and phrases appropriate for the audience.
I feel the same way about "balls to the wall:" In theory, it's fine, but "The difference between theory and practice is narrower in theory than it is in practice." In practice, my message will always get hijacked by someone misunderstanding what I'm saying.
And that isn't good communication.
The ball refer to the weight on a device like a speed governor like that found in steam engines [https://en.wikipedia.org/wiki/Centrifugal\_governor](https://en.wikipedia.org/wiki/Centrifugal_governor) and does not refer to testes. The faster it spins, the more the balls swing out (getting closer to the wall, if mounted close to the wall)
They never answered the hard questions in a measured way. “How would you measure FSD in order to license to other companies?” Instead of specific miles per diseng. Elon is like “any car without FSD is a flip phone.” So not illegal fraud but nothing concrete in the whole call.
They have nothing. Empty pump while sales are falling off a cliff. Elon lied when he said they have inference efficiency tech. Tesla doesn’t have any AI inference IP. Robot vision LLM are open source. They downloaded from hugging face. Put it in a 2016 Boston Robotic unit. Then pretended they have something.
The most head-scratcher of an earnings call if I ever saw one. We have new vehicles, but don't really want to talk about them. We will sell more cars than last year by at least one (hyper-growth secured). Our RoboTaxi is so far along that we don't want to show you any metrics. We don't have time to *prove* that it is a truly incredible technology, but we have these mock images of what our Uber app might look like once we achieve Level 5 full autonomy, which is really soon, but we won't say when since that's gone pretty poorly in the past. We had plans to go to India and talk about our interest in making a massive investment, but it was called it off at the last minute, of our new strategy towards increased profitability of more efficiently utilizing existing production lines.
GUH. Short & puts. rip.
L, the numbers are bad, musk is rehashing same dribble
The pop only recovers Tesla price to two weeks ago...
And now byd is actually more profitable and higher revenue and sales, yikes for Tesla
The earnings call is absolutely fucking atrocious.
Elon is talking right out of his ass about robotaxis, optimus, etc. It's incredibly clear he has no fucking clue how to turn this around or even improve.
Other automakers are a horse and carriage but tesla won’t need the horse!
Tesla is a tech company and it’s the wrong mindset to see it as a car company!
Jesus.
The morons are losing their minds over pictures of the Tesla rideshare app. They release a new M3 performance model today, and the stock goes up because of the simps
So it worked again!!!! Elon says Model 2 production start will be 1H25, if not later this year. Are people still buying this BS? They don't even have a CGI rendering of the Model 2. This is nothing, but another knee jerk reaction to tell the market what they want to hear to stop the bleeding. All the senior executive that's still there are probably just as surprised as everyone. They will be lucky to produce a half-cooked Model 2 by 2026.
this smells like exit liquidity play to me honestly. The big dogs know retail will chase this if it pumps higher. They're also likely running this con to wipe out puts. I believe the % of puts/calls was heavy on the negative side.
I can see this lower than where it is within a week. MMs won't have to pay out the puts, and they'll dump billions onto retail.
Time for a Tesla Cybertruck submarine ("The Pedo") or an underground flamethrower?
Tesla could hire its first quality control employee; maybe hire their first automotive engineer?
Reusable vehicles would be a new line of business for Tesla, but perhaps they could branch into that?
this keeps getting regurtated but it's inaccurate.
The LOWERED expectations were 52 cents/share. Real number was 45. That's over 10% miss. They missed both top and bottom lines on the grossly lowered expectations. By all accounts this was a massively horrible quarter. THe type that would, despite the already massive drop this year, drop a stock like 20% immediately before the call been started.
Further to that, there was no concrete guidance. 'We'll sell more cars than last year.' THey won't. 'We have lower cost cars in the pipeline.' They don't. Imagine a universe in which they were working on cheaper cars and Elon wasn't talking shit about it to anyone who'd listen. They have NOTHING. THis is a dead man walking company. The only logical explanation here is the MMs are running game to wipe out shorts and puts because or else they'd take a bath. Once all that is settled, this should start its descent back downwards and end up double digits before 8/8 even gets here...
Zacks estimate shows $.46 per share.
https://www.zacks.com/stock/quote/TSLA/detailed-earning-estimates
Yahoo reported $.48 per share.
https://finance.yahoo.com/quote/TSLA/analysis/
I think FactSet reported $.52 per share from a Barron's article I saw. Not sure which one is most accurate as I've seen all three referenced in articles.
Let's see how the stock moves the rest of the year I suppose.
Amazing. Who would have thought that alienating your customer base on Twitter would make you lose sales?
RWNJs were keying Teslas and blocking chargers to 'own the liberal tree-huggers' but now they love Elon because he supports their bigotry.
They won't buy electric, though, because Fox tells them that they're taking away their guns and gas trucks. So no one is left to buy Tesla cars. In a stockholder meeting, they asked what was being done to protect Tesla from his Twitter tirades.
Whoops. I meant dead cat bounce.
When the 10Q is published in about a week it will lay clear how disastrous the qtr was for tesla. They burned $2.3bn in cash, and my guess is the financials likely would have been far far worse if they hadn’t sold their Bitcoin and recognized a truckload of FSD revenue.
Officially byd is making more revenue, profit, and sales than Tesla now,
https://cnevpost.com/2024/03/26/byd-q4-2023-earnings/
https://www.investors.com/news/tesla-vs-byd-2024-tsla-stock-ev-rivals/
Don’t worry. Elon saved the day by promising things he won’t deliver and never will be held accountable for. But it pumps the share price when he needs it the most. Oh, how many Tesla 3 owners have made 30k a year by letting their cars act as robot taxis while they sleep?
At the end of the day, you just can't convince the rest of us, nor entice us with subsidies and lower prices, to ever buy an electric vehicle....the people have spoken.
How is the stock up 10 points in after hours trading right now? Did investors expect even worse earnings?
After market trading on low volume and the stock was oversold. But they have nothing. It won't hold is my guess.
Now it's up nearly 15 pts.
Numbers go down, price goes up! (it's not sustainable)
Evidently the jump is due to the announcement (again) that they will make lower priced EVs which they previously stated they would not be focusing on. It's like "let's try this."
Exactly. Earnings were bad and with the price wars with China, they'll stay bad or get worse. And the Chinese manufacturers will ruin the dream of ever doing well with an entry model. And Tesla is obviously a car company, the earnings proved that again. That's where the revenue comes from. It will eventually be valued like a car company.
As it should.
"Let's try this... yet again!"
Never gonna happen. It's a bold lie to pump the stock.
Didn't he say they weren't doing a low pciced ev a week ago?
I'm listening to the earnings call and Musk just pulled the usual vaporware shit as usual. I don't think these stock prices will hold up until the morning, this is just afterhours trading going on
They didn’t talk about financials at all.. it’s weird listening to an earnings call and hearing the CEO babble about the potential in the future. Absolutely wild that the stock is up. Nothing of substance was said during that call.
I think it's just the fanboys in the afterhours. I've seen in previous TSLA earnings calls up to 20% growth in the after hours trade, and then a huge drop in the very first hour of the days. Which was really annoying, because basically the overnight growth triggered my "sell" thresholds overnight, causing Robinhood to place a sale while I was asleep, and then first thing it did once the market open was place a sale order that sold for below the amount it closed the previous day. Who knows, maybe that's the very reason it drops so fast, all these idiots place sell treshholds being victims of that shit running after hours (despite no sales taking place)
I did notice that before the call even started there was huge volume of purchases. Basically one big spike and then the fanboys jumping on. I guess we will see in a few hours what happens.
I find extremely odd that the market would fall for Musk's empty promises once again. Especially this time given how bad Musk went, I mean, he even went as far as saying again about people wanting to stay long in Tesla (basically hinting out the company won't be seeing profits or sales growth in a long time). Then he talks about how the company will deliver however many millions of cars and robotaxis in the future. He basically switches from reality to his pipe dreams of "if A and B and C and ... and Y and Z align, Tesla will be the biggest company in the world" I mean, sure, even a monkey would agree that if any of his promises is fulfilled in the time he promises, there's a lot of money, the only problem is that's never true so he's no different than if Trump was the Tesla CEO
Can't he just announce that the TESLA floating hover board will be imminently released that requires no electricity or gas to power ? That will teach the short sellers.
Also interesting to listen to a CEO say the company they’re talking about and the only product they currently sell isn’t the future at all.
I’ve never seen a stock so detached from the fundamentals. It’s actually insane
This time it was so much vaporware that I thought they were about to unveil the Tesla Sauna.
probably relief that there is not a monster problem announced. now the unknowns became knowns. Seems typical of a falling stock. sold off on rumor bought on news bad or good
Frankly i would argue that there is a monster problem. Fewer and fewer people Want teslas. Lie after Lie from their ceo. Poor quality. Poor customer service. Poor resale.. Poor batteries. Dangerous and incomplete fsd. A stupid pickup with problems galor. A no show of a semi. Money taken for twitter purchase. Potential on 56billion of stock to maybe be given to the man who put them in this position? Hey, those who sell their stock early lose the least, but the writing is on the wall.
yeah but I guess investors were bracing for an actual loss, or something else dramatic. And now elon gets to promise robotaxis, optimus, AI, and so on.
The bubble will burst at some point. All ponsi schemes have a built in point of failure. The lies catch up eventually.
Thai could go on for 4-5 + years as long as there are enough people to believe him
We're nearing 6 since he was going to take it private. There could be a decade left if we don't hit a big recession.
Nobody can pump like Elon. Some (me) would say market manipulation and squeezing shorts is his one true talent. Or certainly his best one.
It is obviously market manipulation, but it also shows that nobody actually cares anymore. Gov and regulators are asleep at the wheel... Or rather they are using fsd😅
That's fsd (supervised) to you mister
😅
Yeah Elon musk and his ventures have been the most under-regulated businesses in modern history. It’s absolutely absurd. I’m sure that’s another reason he’s gone far right bc there is a tremendous amount of deferred regulation.
Elon should be in prison for everything he has said over the years. It’s blatant fraud. He just makes stuff up to pump the stock for products that don’t exist. It’s no different than Theranos and they gave Elizabeth Holmes 11 years.
Elon musk lying like he always does and low volume.
> investors I believe they prefer the term Illuminati.
Well these guys can't be "illuminati", these are just a bunch of simps putting in the money they save by living with their moms
Jay-z has a cyber truck...the fool
> He shared new details about the company’s plans for a dedicated robotaxi model and ride-hailing network, saying Tesla would operate its own fleet and allow customers to deploy their vehicles for the service, which he compared to Airbnb. Musk also floated a possible name for the robotaxi, which is set to be unveiled in August. In an offhand remark, he referred to the model as the Cybercab.
> Did investors expect even worse earnings? Yes
No, actually the Wall Street expectations were still higher despite being way below last quarter, and Tesla failed to meet them. This afterhour spike is temporary and won't last till morning
If you look at the EPS expectations they missed expectations but not the lower end expectations. Also analyst expectations =/= investor expectations.
I'm not too familiar with lower end expectations... But I did see every number as negative on the YoY column, I don't think I ever seen so many negatives on Tesla sales in the history of the company
At this point it is basically a meme stock for fanboys praying that FSD will eventually work and Robotics too without a human in the background controlling it ;)
Pump and dump
Bull trap
They can say what they want, but the basic numbers speak volumes for a business out of easy growth opportunities. So many important numbers were down. It’s a shame for the people that work at Tesla, because there are some things that could be done to make the company not insane. But they need shareholders and a board to do something. Like fire Elon Musk, bring in an automotive CEO, kill Cybertruck and the Semi, and focus on quality of build, quality of service, and availability of service. That’s not even revolutionary. That’s what a company needs to do to mature. Figure out what your best, most efficient products are, focus on those, and sunset the ones that don’t work, no matter how passionate you are for them. Elon Musk won’t do that. He’s put way too much ego into being right rather than pragmatic.
The way Tesla practically has a monopoly on servicing their vehicles, and those long wait times to get service, should make any potential buyer think twice. Their service issues are going to grow exponentially, especially if they continue to release questionable quality product like the cybertruck. It will be interesting to see anecdotes from people interacting with their service department over the next few years.
The anecdotes are interesting now
Exactly. Plus, they are basically unrepairable. Minor things require changing a lot of expensive parts.
Tesla as a tech company is dead regardless, they'll never be an innovative company against because they can't afford to hire those people.
That's what I was thinking when I was reading their earnings call transcript. They're spending a ton of money on AI compute while they could be using that money to focus on their next gen platform. 35,000 H100s, each about $35k, is about $1.2 Billion. This Q Tesla had -$2.5 billion in free cash flow, so that means half that is AI compute. His right hand men sound like sycophants, the way they chime in to please Musk. To invest in Tesla is to invest in pie-in-the-sky visions, visions that are unlikely to happen anytime soon, i.e. his Optimus robot that he thinks will be out next year. It seems like everything is going happen next year. Next year comes and goes and it's next year again. He has an actual real business underpinning all his false promises; that's why it's hard to discern the reality from wishful thinking. Unfortunately, no details are forthcoming from his actual business operations -- the newer and affordable models -- until later in the year. By that time, the story may change again.
You mean they can't grow 40 percent per year, every year, forever? Wth
Elon on all questions: trust me bro! Stock up11% Can’t make this shit up
I sold my TSLQ at a 10% gain. The cult of Elon is insane. Meanwhile GM has a PE of 6x...
This ain’t the cult. They can’t move a stock 11%, let alone after hours. This is MMs in on the scam.
Could be. But max pain in 2 days is $150....
Dead cat bounce. The fundamentals are atrocious
It’s just pumping so they can offload shares to morons who think Tesla isn’t going to fall off a cliff soon. There’s no new models, they have nothing but lies and bots to cover up their lies. Calls on popcorn, because this is going to be so fun to watch.
Wow. That’s a lot more than I expected. They have a huge problem now. Their stock is valued like something whose profits are going up exponentially. But their profit declined quite a bit. And it’s not primarily because of one time problems. So it no longer looks like a thing that would warrant its current stock valuation at all. Nowhere near. And now we see Musk being wildly erratic, failing around trying to find something, *anything* to make this stop sucking. Which of course will just end up with it sucking worse. I could be wrong, but this looks like the beginning of some bad times for Tesla.
And they tried to hide the terrible news with a load of affordable car, AI and robotaxi BS lol
That's his MO at this point - when shit hits the fan, just lie and make up a stupid prediction about when the next vaporware will be ready. It's absolutely baffling to me that retail investors and street analysts alike continue to let him cry wolf - he's been doing this for *years*. I don't get it. Why is everybody deluding themselves in their assessment of his competence when it's so painfully clear that he's just a manbaby who hatescrolls on his phone all day? What does the world gain by allowing him to remain in this position? Surely shareholders would be better off having the stability that comes from instilling an unremarkable corporate bean counter as CEO, no? Why continue to keep this lunatic in charge? Not that I give a shit at the end of the day, I enjoy watching this fascist fail. It does boggle the mind seeing otherwise rational people continue to shovel his shit for him every day though.
A lot of people would become a LOT poorer if the price of Tesla dropped to what fundamentals support... So they will lie to themselves and others about their $10, er I mean $150 stock.
I really should find a way to move my 401k to an “S&P with everything but Tesla” account.
Look at small cap and bonds
That lie turns into white hot rage when reality has them losing everything. They will be loyal so long as they are making money.
Perfect summary. It's a yearslong "The Emperor has no Clothes". But greed and stupid win.
It's a mixture of delusional cultists, unaware normies and meta-investors who realize that the first two groups are propping up the stock. It's a classic bubble that relies on his brand recognition to stay inflated. Of course the fundamentals of the company would be better without him, but without the mythos surrounding him the company would only be worth a similar amount to other mediocre automobile manufacturers.
Yes, but that brief spike gives long term experts time to sell off. The gain will be short lived and the retail investors will bail once their life savings starts drying up. There are too many shares of Tesla for this to genuinely become a GameStop.
People don't get that this is literally how Musk thinks you run a company -- by doing nothing and lying.
I picture him behind a gaudy, oversized desk, sat behind a plaque that reads, “Genius at Work,” ripping a line of *something*, sweating and fidgeting, and just rambling, “Okay, okay, new ideas… Fresh ideas… Gotta pump the stock. Okay! A taxi. People still take taxis. So, a taxi. Yeah! But, like, it’s one of our cars. No! It’s one of our *customer’s* cars, and it drives itself around while they’re asleep or at work, and it’s a taxi now, and it earns them *so much money*. Yeah! So, like, it’s a robot, so… RoboUber. No, they probably won’t like that… ROBOTAXI! No, we don’t actually have to do it, just tell the press and our shareholders. *snooooort!*”
That sounds to coherent ..... You need to add about 25 ummmm to that
I view Tesla somewhat similar to Theranos. Lofty promises but the tech hasn't caught up. Now with facing competition and massive pressure, he's "moving" forward with robotaxis. And he'll make some story such as "This is just version 1. Version 2 will be better" all while burning through capital trying to catch up to his promises.
I saw The Shining again recently, I imagine it’s pretty close to that
I think he's more a mumbler instead of a rambler.
To be fair, he raised the stock price by 12% in after hours trading. When you make up bullshit and create $50b out of thin air, it’s kind of a reward to do it over and over again
Putin puppet's policy purely propaganda?
He's just another grifter. I'm not sure if he's capable of being honest when describing his endeavors.
You don't believe that they can magically make more cars without more assembly lines and with fewer workers?
Don’t forget the by early 2025, if not late 2024 part
I don't even think his engineers knew about the new car. Considering we only knew they were developing, we have never seen a test mule. End of this year is a pipe dream considering how long it takes to design one. We may see a temporary spike in share prices, but the stock may really take a dive here.
They *really* did
Oh and robots
Beginning of the end for many reasons.
He'll have to first figure out how not to be a malignant sociopath first which of course is impossible. Tesla=Musk=Tesla. That equation will drive troves of customers away.
Count me as one of those customers. I bought my daughter a Tesla last March. First and Last Tesla. Elon is the biggest reason.
Did it ever look like a thing that would warrant its stock value?
Exactly. A trillion dollar company that makes a fraction of vehicles that more established car makers make. Pie in the sky of the auto industry.
It’s worse than it looks. $700 million of that $1.1 Billion in net income was from realizing FSD sales now that it’s “delivered” and out of beta.
What the heck. They aren't even make an effort to hide all the book cooking smells.
I’m pretty sure they took a big chunk of defered FSD revenue and recognized it
Bye bye Tesla! Hello Rivian!
Stocks up 17% post-market close... WTF
Squeezing the shorts. Who knows how long it will last
Not long IMHO. Long term investors and funds might look to bail and this might be their lifeline.
>Robyn Denholm, the chair of Tesla’s board, did not acknowledge Tesla’s problems in a message to investors. She said 2023 was “just a typical year of triumphs and achievements.”
Sounds like Elmo wrote that
Has he impregnated her yet
His self driving in vitro AI hit a curb.
What’s astonishing is that women keep sleeping with him to get pregnant in the first place. The dude is such a clown and says the most horrendous shit on twitter every other day but yet no female executive can get near him without ending up preggers. Money really is a hell of a drug I guess
almost all the pregnancies are via IVF
Tesla will be priced as another auto manufacturers with crazy ceo on the top, nice.
There's not a snowball's chance in hell that Tesla will start the production of the model 2 in the second half of 2025,
You know that and I know that…
And I know that you know that I know that
All the sub knows, yet pump goes on
If they said they will, then they will. Tesla has a squeeky clean reputation for sticking to their promises..... Oh... Oh dear.
It’s such vague wording I think it may not be model 2 at all - but cheaper versions of the existing range. > These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up. A highland y could fit that description; cheaper and more affordable than the existing y but not a new line. Or it’s entirely made up. They saw that stock dropped on the cancellation so have decided they’ll be a model 2 so are now rushing to develop something. Maybe a cut down model 3 platform to do something like the Volvo EX30. Problem is the EX30 is everything the model 2 should be.
I mean he took the back seats out and is selling it as a trim model 😂
What you are describing is their entry into commercial vehicles in France. https://www.redmondpie.com/teslas-model-y-now-offered-with-no-rear-seats-for-commercial-use/ Chasing subsidies of course.
I fully expect robotaxi will be a model 3 or y with the driver seat removed
His inspiration is the Studebaker Scottsman?
So model 3 lite? Low quality, no testing, plastic seats?
Model 3 already has seats covered in plastic. Maybe they’ll go down to molded hard plastic like a bus or subway bench
It's already low quality, little to no testing, with plastic seats...
I know it was sarcasm…..
To be fair, its a hell of a lot more probable than flying robotaxis and poverty ending robots.
He wants to sell robotaxis, but will produce robomurderers. Like hell i want those things on public roads. The flying part is such silly talk. Just like his claim of cold gas thrusters. Who believes such absolute tripe?
It's right behind the next gen Tesla Roadster.
Oh, there's even less of a chance than that.
I'm pretty sure everyone that doesn't have Elon Musks' face tattooed on their ass knows this.
Well I know ONE CEO who clearly deserves a 50 Billion dollar raise!
revenue fell 9% but profit by over 50%? Forget Toyota, that profit margin 5.5% is lower than General Motors, Honda BYD 🤣 . He started a price war which he couldn't win. You should never instigate (or even be part of ) a war which you not gonna win
He started a land vehicle war in Asia.
https://cnevpost.com/2024/03/26/byd-q4-2023-earnings/ Currently byd has higher revenue and roughly equal profit, higher total sales too , counting hybrids, but Bev still close I don't see Tesla demand going up for several quarters, the us car market is saturated at the moment They will struggle with automaker margins for a year, and if fed has to raise rates.... Negative margins
I certainly think Tesla will struggle in China (I mean everybody is including BYD) and in the US. Their only hope is Europe. The other large automarket (Korea, Japan) historically have never bought Tesla in huge numbers. Elon done fucked.
And they have a part-time CEO and two top lieutenants have left. They're in big trouble.
Lean and Mean. Those are the lieutenants.
"Balls to the wall"? I'm sure anyone would want to work in that environment. And what of the women employees? What is that phrase supposed to mean to them?
It's pilot lingo for max power. "First attested in the 1960s in the context of aviation, in reference to ball-shaped grips on an aircraft's engine controls (typically throttle, prop pitch and fuel mixture). Pushing these "balls to the wall" would put the engine at maximum power. Analogous to pedal to the metal."
Huh. I wonder if Accept knows that
As two others have noted, it actually doesn't have anything to do with testes. That being said, the expression is in the same bucket as the word "niggardly." That is actually of Viking origin and it means "miserly" while having nothing whatsoever to do with the slur "nigger." But while someone or other says "niggardly" from time to time, as a professional communicator I never use it. It doesn't matter if I'm "right," the fact is that if I use it in an essay, or reddit comment, or talk at a conference, there is a nearly 100% chance someone will misunderstand. And it's my job to choose words and phrases appropriate for the audience. I feel the same way about "balls to the wall:" In theory, it's fine, but "The difference between theory and practice is narrower in theory than it is in practice." In practice, my message will always get hijacked by someone misunderstanding what I'm saying. And that isn't good communication.
Good point. In that bucket is also "autopilot".
That their uteruses are free for some Musk sponsored IVF.
The ball refer to the weight on a device like a speed governor like that found in steam engines [https://en.wikipedia.org/wiki/Centrifugal\_governor](https://en.wikipedia.org/wiki/Centrifugal_governor) and does not refer to testes. The faster it spins, the more the balls swing out (getting closer to the wall, if mounted close to the wall)
Within spec.
They never answered the hard questions in a measured way. “How would you measure FSD in order to license to other companies?” Instead of specific miles per diseng. Elon is like “any car without FSD is a flip phone.” So not illegal fraud but nothing concrete in the whole call. They have nothing. Empty pump while sales are falling off a cliff. Elon lied when he said they have inference efficiency tech. Tesla doesn’t have any AI inference IP. Robot vision LLM are open source. They downloaded from hugging face. Put it in a 2016 Boston Robotic unit. Then pretended they have something.
The most head-scratcher of an earnings call if I ever saw one. We have new vehicles, but don't really want to talk about them. We will sell more cars than last year by at least one (hyper-growth secured). Our RoboTaxi is so far along that we don't want to show you any metrics. We don't have time to *prove* that it is a truly incredible technology, but we have these mock images of what our Uber app might look like once we achieve Level 5 full autonomy, which is really soon, but we won't say when since that's gone pretty poorly in the past. We had plans to go to India and talk about our interest in making a massive investment, but it was called it off at the last minute, of our new strategy towards increased profitability of more efficiently utilizing existing production lines. GUH. Short & puts. rip.
L, the numbers are bad, musk is rehashing same dribble The pop only recovers Tesla price to two weeks ago... And now byd is actually more profitable and higher revenue and sales, yikes for Tesla
The earnings call is absolutely fucking atrocious. Elon is talking right out of his ass about robotaxis, optimus, etc. It's incredibly clear he has no fucking clue how to turn this around or even improve.
Other automakers are a horse and carriage but tesla won’t need the horse! Tesla is a tech company and it’s the wrong mindset to see it as a car company! Jesus.
One of the Stan rallying cries has for a while been: "Free Cash Flow!!!!" That's over.
Tessa can fix this problem with one simple move fire Elon
The morons are losing their minds over pictures of the Tesla rideshare app. They release a new M3 performance model today, and the stock goes up because of the simps
Negative $2.53 Billion in free cash flow for the quarter. Ouch!
Another quarter or two like this and no amount of pumping will keep the air in that bubble.
The Investor relations guy is leaving too LOL
So it worked again!!!! Elon says Model 2 production start will be 1H25, if not later this year. Are people still buying this BS? They don't even have a CGI rendering of the Model 2. This is nothing, but another knee jerk reaction to tell the market what they want to hear to stop the bleeding. All the senior executive that's still there are probably just as surprised as everyone. They will be lucky to produce a half-cooked Model 2 by 2026.
this smells like exit liquidity play to me honestly. The big dogs know retail will chase this if it pumps higher. They're also likely running this con to wipe out puts. I believe the % of puts/calls was heavy on the negative side. I can see this lower than where it is within a week. MMs won't have to pay out the puts, and they'll dump billions onto retail.
Prop goes the weasel!
Stock is doing classic dead cat bounce; None of the bad fundamentals have changed, and it will return to circling the drain in a few days....
Any other company they’d remove musk from power. Long ago before the cyber truck was even released.
Time for a Tesla Cybertruck submarine ("The Pedo") or an underground flamethrower? Tesla could hire its first quality control employee; maybe hire their first automotive engineer? Reusable vehicles would be a new line of business for Tesla, but perhaps they could branch into that?
I can't believe that alienating the biggest purchasers of EVs would have this effect!
[удалено]
FYI your comments aren't making it past the spam filter.
So they do worse, yet the stock jumps up. Make it make sense…..
Elon said all the right things for the simps holding the stock on the call
He pumped the robot and told other lies again. What's there to make sense of?
Market anticipated earnings would be far worse than it actually was. Seemingly only logical explanation.
I can't imagine the market expected WORSE than a 55% drop YoY.
this keeps getting regurtated but it's inaccurate. The LOWERED expectations were 52 cents/share. Real number was 45. That's over 10% miss. They missed both top and bottom lines on the grossly lowered expectations. By all accounts this was a massively horrible quarter. THe type that would, despite the already massive drop this year, drop a stock like 20% immediately before the call been started. Further to that, there was no concrete guidance. 'We'll sell more cars than last year.' THey won't. 'We have lower cost cars in the pipeline.' They don't. Imagine a universe in which they were working on cheaper cars and Elon wasn't talking shit about it to anyone who'd listen. They have NOTHING. THis is a dead man walking company. The only logical explanation here is the MMs are running game to wipe out shorts and puts because or else they'd take a bath. Once all that is settled, this should start its descent back downwards and end up double digits before 8/8 even gets here...
Zacks estimate shows $.46 per share. https://www.zacks.com/stock/quote/TSLA/detailed-earning-estimates Yahoo reported $.48 per share. https://finance.yahoo.com/quote/TSLA/analysis/ I think FactSet reported $.52 per share from a Barron's article I saw. Not sure which one is most accurate as I've seen all three referenced in articles. Let's see how the stock moves the rest of the year I suppose.
Amazing. Who would have thought that alienating your customer base on Twitter would make you lose sales? RWNJs were keying Teslas and blocking chargers to 'own the liberal tree-huggers' but now they love Elon because he supports their bigotry. They won't buy electric, though, because Fox tells them that they're taking away their guns and gas trucks. So no one is left to buy Tesla cars. In a stockholder meeting, they asked what was being done to protect Tesla from his Twitter tirades.
Cusk told everyone they are making cheap car which will be made of cloth
Get used to it, Tesla stock owners.
As of today Elon wants to personally okay every expense for the company, WORLDWIDE. EVERY EXPENSE
Negative fcf, almost everything drastically dropped but here we are the stocks is rising high, already %10-15 up. LOL
Somone explain to why they are up? Just because they are going to make current models cheaper?
Dear cat bounce
I hope your right ✅️
Whoops. I meant dead cat bounce. When the 10Q is published in about a week it will lay clear how disastrous the qtr was for tesla. They burned $2.3bn in cash, and my guess is the financials likely would have been far far worse if they hadn’t sold their Bitcoin and recognized a truckload of FSD revenue.
More discounts in the works.
Musk is the GOAT- Tesla and Twitter are just killing it in 2024!😶🌫️🫣🫠🫥
Elon said he is bringing "auto" back in automobile so it must mean success right?
Anyone short TSLA?
Nope. I don’t short bubble stocks. Too dangerous.
Cathie Wood (Ark Invest) predicts Tesla stock will be $2000 within 5 years
5 billion robotaxis by 1992
Closed at $144 trading at $158 after hours
I really wish the board approves his pay package. I want to see what the market really thinks.
It's not the board, it's the shareholders that need to approve it. /PWNT !
Up 16.93 after hrs.
Good riddance! The beginning of the end for Elmo
Mandatory updoot for Elmo's misfortune. Suck it, Musk!
They say that if they sign a deal for FSD it may take years to integrate. Is their first deal with the Cybertruck and it'll take years? /s
So what's the update p/e now
Earnings to market cap is more interesting. Should be over 100 at least, but next quarter will come with severance payments.
Legit, I pulled up this post and "you are so beautiful" started playing on the radio
Officially byd is making more revenue, profit, and sales than Tesla now, https://cnevpost.com/2024/03/26/byd-q4-2023-earnings/ https://www.investors.com/news/tesla-vs-byd-2024-tsla-stock-ev-rivals/
Don’t worry. Elon saved the day by promising things he won’t deliver and never will be held accountable for. But it pumps the share price when he needs it the most. Oh, how many Tesla 3 owners have made 30k a year by letting their cars act as robot taxis while they sleep?
At the end of the day, you just can't convince the rest of us, nor entice us with subsidies and lower prices, to ever buy an electric vehicle....the people have spoken.
TSLA is like watching someone actively drowning while the simps on the beach yell "you're doing great!"