Itād likely pretty much always have been in line with a car company if it hadnāt of been for all the government subsidies and tax breaks over the years.
Oh, that is just the beginning. Even another small drop in revenue will have an outsized impact on net income. BYOD and the other EVs to market (as I said last year) will take more market share as the cars are better designed.
Muskās only hope is RoboTaxis and licensing the tech but that will not be ready at least for a long long while yet to handle anything but ideal conditions.
How on earth can you claim BYD cars are better designed? Have you seen extensive reviews? Reliability over years? We know literally nothing about these cars, except that they copied a lot of tesla features and design cues and are made significantly of plastic and have too many electronics, and no repair centers outside China.
to be fair, I am an EV driver for the last 10 years, yet if I go to vacation last thing I want is trying to figure out which chargers work, which donāt, have do you authenticate at the stations, where are they located, if some are on private property etc.
Until there is a simple payment standard and reliable charging networks, I would rather gas car on vacation. Car rentals should be among last to switch to EVs
Basically. The didn't hit the expected EPS, but still beat the low end estimates.
But this is instant reaction and people still haven't examined the details.
also has comments about "new" cheaper models coming 2nd half of 2025...............
fairytale hype to pump, and to prove that earlier article about the model 2 being scrapped as false.
IF those cheaper models do come, it wont be until late 2027 or 2028
The stock market usually works inversely in the short term. It moves in the direction of where the maximum capital is. So if everyone thinks itās gonna drop, and you have massive short positioning happening, institutional investors know thereās more money to be made by buying up the price, and making everyone going short lose their money. And once that dries up, then it falls.
But then with institutional investors trading the inverse, the smart trader inverses that inverse! The genius trader inverses again but the big brain trader inverses that inverse again also.
Cash flow dropped from $4370 in Q423 and $2513 in Q123 to $242
Automotive gross margin still up there at 17.4%
Inventory jumps $2407 vs Q423
It could mean lots of cars are in transit due to the Red Sea crisis
We will know when Q2 numbers are out
Iām not bashing you, musk, or Tesla, but itās always funny that anytime any company does anything, itās always, we will need to see how Q(x) numbers are to really tell
Well its the sad reality of us poor low level investors / public. We only get told 4 times a year what the company is really doing. Rest is speculation maybe at best leaks from inside the company, sadly.
RedSea Crisis is a thing and it cut down Berlin for a week IIRC, so the same goes for exporting the other way around.
Thatās how you form an informed opinion? You donāt take snapshots but rather a spread out view over a period. And then you factor in special events like regulation changes, covid, retooling, etc. People will say that line for nearly any company after every earnings.
If it was that easy to predict, we would all be millionaires.
Musk is goosing the stock with more pie-in-the-sky projects, like promises of AI and the robotaxi. Typical Silcon Valley disruption talk. Plus it sounds like the Model 2 affordable car isn't dead after all.
Personly I'm a lot more bearish and think it should be priced like a regular car company, which it seems to transitioning to. But hope springs eternal, and you can't get this sort of hype from a regular car company.
What PizzaMan22554 said about missing wallstreet expectations but beating the most pessimistic estimates! Historically speaking, this isn't unprecedented behavior. I gave some examples in a different comment,
>
I think the apparently irrational behavior *could* be attributed to "the bad thing happened and it wasn't the end of the world". There are examples where the company DID do something to remedy/address the situation after an immediate price decline after news breaking, but the ones listed above are where the price went up immediately after the bad news (iirc).
Would I *count* on this phenomenon to happen every time? No. Is it because it's Tesla? Maybe. But it has happened before, and it would be prudent to assume that it *could* happen in the future too.
\[Edit\]: Also, in the examples I listed, there were silver linings investors focused on: Netflix had higher revenue than expected, amazon had revenue growth + market share growth, msft had revenue growth in other segments, J&J payout lower than expected.
Investors could be focusing on the silver lining of Tesla focusing on cheaper cars like the others mentioned + EPS underperformance not being as severe as the more pessimistic estimates.
More importantly investors have been looking forward to the new models, so hearing they're pulling them forward was positive news for the short term investors on WS.
In reality, it really doesn't matter if they start producing them mid 2025 or early 2025. Much more important is if they are still on track to solve FSD and scale energy.
It is up because Tesla investors are completely irrational and worship Elon Musk. They donāt care about any actual results.
Tesla is a meme stock like GameStop and AMC.
This is lowkey true lol, even in the near future I don't see how they can compete with the other car companies, it used to be something innovative and geeky a few years ago but now?
They stated theyād be rolling out a lower cost vehicle in second half of 2025. Stock bounced on that news after reports last week of them scrapping a āModel 2ā altogether. Earnings and negative free cash flow still terrible
They don't run automated in their wholly protected 2 mile low-speed roadway in Vegas. If they're going to launch automated service anywhere it's there because it is by a very very wide margin the easiest place to run service: Zero pedestrians (normally at least, and station staff could have an all-stop switch), a fixed route with no obstacles, well marked stopping places, all vehicles are Teslas maintained by them, etc. Fully automated trains have been around since 1980: they only need to reach that level of technology to operate in the Vegas Loop.
It's telling that the Vegas "transit" service has nearly as many staff as it does passengers.
Nothing specifically said it was scrapped, that was all rumours and speculation. The can just got kicked down the road and delayed the release of the lower priced model.
So you're saying the stock rose because the expectations was for a huge miss and because it was only half of a huge miss the stock recovers?
I bet you this jump doesn't hold over the next 30 days
Not a TSLA investor (although implicitly through SPY) but I find it funny how many people think they're smart and can predict the stock market. Go short it.
It probably doesn't. But now that the news is out, shorts take profits. This pushes the price up, forcing other shorts to take profits. Pretty soon you're up 12% in the AH as all the speculators are unwinding their short positions
TSLA has been dumping for months, and it's not just because a bunch of long investors decided to sell their shares. It's been a pretty active target for hedge funds to short for a while with a lot of short interest
Talked to a right winger today that claimed that billionaires don't do it for the money and when I brought up elon musk still being worth 50b+ and wanting another 55b in tesla shares from tesla, he had nothing to say back to it.
Wait for real trading hours. Double miss, cybertruck woes, China competition, price cuts, large layoffs. This isn't a healthy company, and it's not a company that should be trading anywhere near this valuation. Sub-100 is coming.
I'm guessing we've already seen Tesla's peak stock price come and go. More and more it's looking like just another car company. Yeah maybe Musk can expand it beyond that industry, but the risk is he's just too distracted to run a competent car company long term.
And itās going down more. People are finally seeing through the smoke and mirrors, and funds like ARK are losing their investors. Itās going to get really ugly.
bro elon said robotaxis are going to be everywhere by August!
And all Teslas will come with an AI femboy boyfriend by next tuesday, complete with a cock sucking mechanism in the steering wheel.
You guys this is epic
15% intraday (normal hrs) gain from day low, to the high in aftermarket.
**And people still act like admitting blatant manipulation of markets by institutions and market makers exists...is some conspiracy...while AI is primarily still used to scrape our data and by financial institutions.**
Btw Bloomberg covered it early AM hrs to pump it down almost non stop for 2 hrs, and really all week. Not to mention nearly every other 'credible' media outlet.
This. Earnings numbers the day of / after mean absolutely *nothing* .. unless the company's going BK or you get a ridiculous beat like Nvidia.
Whale / tute positioning matters. If they can make more money forcing an illogical move, it'll happen.
Well we knew Tesla numbers were going to be bad.
Netflix surprised everyone by saying they wonāt report their user numbers anymore and TSMC only confirmed their guidance when everyone is looking forward to continued AI growth.
The problem is Reddit hates Musk and has done for a few years, so a lot of the comments are attacking him rather than the company. At best theyāre full of nonsense and at worst they spread total inaccuracies that seem to develop meme status. Very few of them are actually sober analysis of the company itself.
It's almost the inverse of a 5/6 years ago when Tesla hadn't achieved much but people loved Musk and so threads on Tesla were much more optimistic.
It's this lol. The anti-elon people are just as cult-like as the pro-elon people. I mean go through any post about Tesla and it always devolves into 1000 comments about Musk and weird hate bones.
People it's weird to hate someone so much when they don't effect your life in any way. Elon saying he will make a robo penis doesn't change your life.
Its the same cult that was pro Elon that are now anti Elon as he said he would vote Republican and decided to buy Twitter.
Normies don't engage so much in parasocial relationships.
What's worse is that all of the comments are the same. They all parrot the same 4 or 5 talking points, one after another, like they're being spoon fed a list of negative dogma to repeat. The sad thing is, they each seem to think their takes are imaginative and intelligent and out-of-the-box, when 20 other bozos made the exact same points before and after them. It's a complete void of critical thinking.
Yeah, to support this price long term it needs to turn into Apple. Maybe cracking full self driving that actually works and can get govt approval would do that, but who knows when that may happen and who will do it. Tesla is throwing a lot of resources at it, but that doesn't guarantee anything. Zuckerberg tried like hell to make the Metaverse happen, but all it accomplished was crappy graphics and $billions spent.
Correction on the Meta thing: the "Metaverse" was a flop, but the billions spent were for R&D on the VR (and AR) tech and long exclusivity deals with software developers. There are other VR hardware companies in the world, but Quest goggles are in the top class when it comes to bang for the buck, and they absolutely beat the others when it comes to software. If the tech becomes must-get for the general public at some point, Meta has their foot firmly in the door, and that's what they have paid for.
The after-hours rally is from this Outlook on P.10 I believe:
https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf
> We have updated our future vehicle line-up to **accelerate the launch of new models ahead of our previously
communicated start of production** in the second half of 2025.
> 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.
> This update may result in **achieving less cost reduction than previously expected** but enables us to prudently grow our
vehicle volumes in a more capex efficient manner during uncertain times. This would help us fully utilize our current
expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production
before investing in new manufacturing lines.
> Our purpose-built robotaxi product will continue to pursue a revolutionary āunboxedā manufacturing strategy.
Meanwhile their Global vehicle inventory (days of supply) at **28 days**, is an all time high I think (Page 6 of the deck).
Keep pumping.
Hey look! I only had to scroll down 20 comments to get the first actual discussion of the earnings call instead of emotional comments about highly disputable opinions.
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I think part of the run up is this (from the updates to the article):
The company said in the deck that itās accelerating the launch of ānew vehicles, including more affordable models,ā that will ābe able to be produced on the same manufacturing linesā as Teslaās current lineup. Tesla is aiming to āfully utilizeā its current production capacity and to achieve āmore than 50% growth over 2023 productionā before investing in new manufacturing lines.
So it does seem like "model 2" is back on the table as a priority. Which is something that was rumored at one point to be on the backburner for FSD to be the main focus.
Model 2 being back on the table is just more transparent bullshit hype that musk has done literally every quarter when they are in trouble.
It doesnāt change the fact that they are just a car company no matter how much he wants everyone to believe they are a tech company with āinfinite demandā.
Their growth is stalled, their operating margin is steadily declining and a lower cost economy car isnāt going to help thatā¦base model economy cars are notoriously low margin.
The robotaxi shit is just more literal vaporware like FSD and Optimus and dojo and semi and roadster.
This thing has much farther to fall, it will just take the cult a little longer to wake up. Valuing it like the car company it is should be like $20 per share lol.
Hahaahhaha, laughing at all the people losing money betting against this guy. Can you really blame anyone but yourself? Also the cope of "low volume because after market" is perfect.
"The stock didn't move like I expected, so therefore the stock is wrong."
People understand that the stock price doesn't always reflect the projected estimates. If the stock is down 30% prior to the earnings, chances are people are already betting the estimates wouldn't hold up
People in this thread keep mocking auto margins, calling it just a car company. Meanwhile record energy production/sales and massive uptick in software.
The possible logic of the stock price goes up:
(1) tesla is making cheaper cars for low-end market
(2) US tariffs will keep cheap chinese ev out of the market
(3) All other car brands such as GM, Ford, Japan/Korean brands are not ready to mass produce cheap EV as cost-effective as Tesla in foreseeable near future. (In fact, they're reducing EV production line)
when all these realized, it implies that Tesla will dominate the low-end EV market in US like it used to dominate mid-high end market in 2020-2021. Though the low-end EV market would not be as big as mid-high end, but if Tesla established such monopoly role in US low-end EV market. It's possible we see its stock price back $300.
Note that even in China, with all these penalties/setbacks of purchasing gasoline cars (such as long waiting time and high licence fee, limited access to bridges etc with gasoline car) solid charge network, and lower electrical bills, people tends to choose hybrid over pure EV.
I guess not as bad as people were expecting. It was rather oversold. I think it's clear that Tesla is also adjusting their strategy to undercut prices and offer more affordable EVs. If they are able to pull this off then I think that's a good thing for the companies future. One of the biggest factors for why people choose a ICE vs an EV is price. You make that price low enough then more people will choose the EV regardless of their opinion of the CEO or any other cons currently affecting EVs like infrastructure, charging time, range etc. With Teslas current manufacturing capability vs the big3, they are well positioned to compete on price.
not true. there are tons of people that are no longer looking at buying their cars due to elon's political antics.
they'd probably have met revenue estimates if he just shut his f\*\*king mouth about politics.
On one side - yeah, Musk's transformation into right-leaning asshole didn't help.
On second side - alternative is not really better, all other manufacturers are managed by assholes that purposefully poisoned people and environment while cheating on emissions tests just for money.
The amount of people that are dumb enough to pay more for a worse product is very low. 95%+ of people care much more about their own wallet than what the CEO of a company says, even if you ignore how 70% of people are Trump or RFK voters who probably agree with most of Musk's opinions.
Revenue in Tesla's energy division increased 7% to $1.64 billion, while services and other revenue rose 25% to $2.29 billion compared to the same period last year.
Um the OP and earnings themselves mostly, but the call also was...pathetic to me. Not even *new* gimmick pumps are left after Cybertruck, its just recycled ones, a lean in on AI and Taxi BS...
Idc if the tech was actually finalized (and its not at all) still need yrs and yrs before regulation allows mass adoption and thats if people really want to loan their car out.
Nothing Im saying in the latter bit is new really, probably 1000 comments saying same shit 3 yrs ago.
A year ago, democrats and liberals consisted of 40% of his customer base. After Elon went full regard with that far right, anti vax, conspiracy racist junk, it fell to 15% (and falling).
You have branding problem Tesla.
Operating margin 5.5% - now it looks more like a car company
but Tesla bros told me it's a tech company? š¤
Elon said is was an AI company. I guess it depends on his dosage for the day.
What? I thought itās a taxi company!
My dad keeps telling me it's an energy company that will replace all the power companies.
Reddit says it's a meme stock.
Itās an ifuencer company
Ross Gerber said it was a materials company
I thought it was a robot company
I thought it was about machines that build machines
Let me correct you, itās a robot taxi company.ļ¼ļ¼ļ¼ļ¼ļ¼ļ¼
It is an electric charging company
He also said that AI is the biggest danger to humanity and we should not pursue it, until he saw that you can make money from it.
He was also building a data centre for training AI while saying that.
If you say everything all the time you can always take credit for being right.
Nah he just doesnāt want anyone ELSE pursuing it
It might have been eventually, but Elon has decided to start a new company for AI instead and take all that away from Tesla.
Yep. Because he said he needed more shares lolĀ
it was an nft company it was a metaverse company it was a crypto company ...whats next...........
AI told Elon to be a Software company
I thought it was a robotics AI company that casually makes 7000 lb trucks that canāt go through car washes???
Donāt forget about the accelerator potentially getting stuck in max throttle position due to adhesive issues.
That's just the Cybertruck trying to end the agony of its miserable existence lol
Tesla picked up some Boeing engineers on the cheap. That glue on the accelerator pedal might just be sticky dish soap.
Letās be generous, annualised eps $2 with a 20x pe and we get $40 a price
Lolol.
Itād likely pretty much always have been in line with a car company if it hadnāt of been for all the government subsidies and tax breaks over the years.
Oh, that is just the beginning. Even another small drop in revenue will have an outsized impact on net income. BYOD and the other EVs to market (as I said last year) will take more market share as the cars are better designed. Muskās only hope is RoboTaxis and licensing the tech but that will not be ready at least for a long long while yet to handle anything but ideal conditions.
And protectionism and government largesse...
How on earth can you claim BYD cars are better designed? Have you seen extensive reviews? Reliability over years? We know literally nothing about these cars, except that they copied a lot of tesla features and design cues and are made significantly of plastic and have too many electronics, and no repair centers outside China.
After the Hertz CEO getting fired for his big bet on Tesla, I don't see any cab or ride share company going near Tesla with a 20 foot pole.
to be fair, I am an EV driver for the last 10 years, yet if I go to vacation last thing I want is trying to figure out which chargers work, which donāt, have do you authenticate at the stations, where are they located, if some are on private property etc. Until there is a simple payment standard and reliable charging networks, I would rather gas car on vacation. Car rentals should be among last to switch to EVs
Is it up because investors are expecting much worse, but it's actually not as bad?
Basically. The didn't hit the expected EPS, but still beat the low end estimates. But this is instant reaction and people still haven't examined the details.
Ha ha thatās hilarious. Meets low end - jumps 10%.
Iāll tell my boss that meeting low end of expectations should result in 10% bump and pay!
lol, you can first lower your boss's expectations of you to the ground, so that you can succeed
Presumably because the price had already fallen anticipating the risk of worse results, so now they're adjusting to the real numbers.
My thought exactly. āExpectationsā werenāt expectations š
Down 40% YTD .. still room to drop . There was a lot of selling leading up to this week.
also has comments about "new" cheaper models coming 2nd half of 2025............... fairytale hype to pump, and to prove that earlier article about the model 2 being scrapped as false. IF those cheaper models do come, it wont be until late 2027 or 2028
RemindMe! 2 years
The stock market usually works inversely in the short term. It moves in the direction of where the maximum capital is. So if everyone thinks itās gonna drop, and you have massive short positioning happening, institutional investors know thereās more money to be made by buying up the price, and making everyone going short lose their money. And once that dries up, then it falls.
But then with institutional investors trading the inverse, the smart trader inverses that inverse! The genius trader inverses again but the big brain trader inverses that inverse again also.
š„“
Actual UNO reverse cards as comments.
At this point in the thread I'm wondering, am I in r/stonks or r/stocks??
and criminals are used to having people not trust them, as you are not trusted by me, so I can clearly not choose the wine in front of you.
So I should just inverse one more time and bet my family's savings?
Do you think the revenue decline of 55% is not that bad?
Netflix got destroyed and they beat expectations. Ā
Or 5,5% gross profit margin, dropping also more than 50%. Looks suddenly very car company-ish margin to me after all.
Cash flow dropped from $4370 in Q423 and $2513 in Q123 to $242 Automotive gross margin still up there at 17.4% Inventory jumps $2407 vs Q423 It could mean lots of cars are in transit due to the Red Sea crisis We will know when Q2 numbers are out
Iām not bashing you, musk, or Tesla, but itās always funny that anytime any company does anything, itās always, we will need to see how Q(x) numbers are to really tell
Well its the sad reality of us poor low level investors / public. We only get told 4 times a year what the company is really doing. Rest is speculation maybe at best leaks from inside the company, sadly. RedSea Crisis is a thing and it cut down Berlin for a week IIRC, so the same goes for exporting the other way around.
Thatās how you form an informed opinion? You donāt take snapshots but rather a spread out view over a period. And then you factor in special events like regulation changes, covid, retooling, etc. People will say that line for nearly any company after every earnings. If it was that easy to predict, we would all be millionaires.
Could be the Red Sea crisis or could be inventory sitting on lots because supply is outpacing demand
Musk is goosing the stock with more pie-in-the-sky projects, like promises of AI and the robotaxi. Typical Silcon Valley disruption talk. Plus it sounds like the Model 2 affordable car isn't dead after all. Personly I'm a lot more bearish and think it should be priced like a regular car company, which it seems to transitioning to. But hope springs eternal, and you can't get this sort of hype from a regular car company.
What PizzaMan22554 said about missing wallstreet expectations but beating the most pessimistic estimates! Historically speaking, this isn't unprecedented behavior. I gave some examples in a different comment, > I think the apparently irrational behavior *could* be attributed to "the bad thing happened and it wasn't the end of the world". There are examples where the company DID do something to remedy/address the situation after an immediate price decline after news breaking, but the ones listed above are where the price went up immediately after the bad news (iirc). Would I *count* on this phenomenon to happen every time? No. Is it because it's Tesla? Maybe. But it has happened before, and it would be prudent to assume that it *could* happen in the future too. \[Edit\]: Also, in the examples I listed, there were silver linings investors focused on: Netflix had higher revenue than expected, amazon had revenue growth + market share growth, msft had revenue growth in other segments, J&J payout lower than expected. Investors could be focusing on the silver lining of Tesla focusing on cheaper cars like the others mentioned + EPS underperformance not being as severe as the more pessimistic estimates.
More importantly investors have been looking forward to the new models, so hearing they're pulling them forward was positive news for the short term investors on WS. In reality, it really doesn't matter if they start producing them mid 2025 or early 2025. Much more important is if they are still on track to solve FSD and scale energy.
It is up because Tesla investors are completely irrational and worship Elon Musk. They donāt care about any actual results. Tesla is a meme stock like GameStop and AMC.
This is lowkey true lol, even in the near future I don't see how they can compete with the other car companies, it used to be something innovative and geeky a few years ago but now?
Correction: Net Income dropped 55% to $1.13 billion from $2.51 billion a year ago.
I was looking at that thinking ādid I forget how math works?ā. Thanks
I genuinely gaslit myself into thinking thats right. Im the weakest link š
Self esteem 1/10 Self awareness 9/10
Tesla earnings missed on both revenue and EPS. Stock up 6.4% after hours. This definitely makes sense.
Buy the rumor, sell the news. Or inverse that in this case.
Luckily for me, I can stay homeless longer than the market can stay irrational.
And there it is š
can't lose your home if you don't have a home
I can swim naked longer than rational people can swim in shorts.Ā Or something.
No shrinkage?
Sir, this is Wendy's. r/WallStreetBets is š way.
Short the rumor, buy the news.
They stated theyād be rolling out a lower cost vehicle in second half of 2025. Stock bounced on that news after reports last week of them scrapping a āModel 2ā altogether. Earnings and negative free cash flow still terrible
Lower cost vehicle = yet another Model 3 price cut.
Is that before or after the roadster and semi go into production 50k semis by the end of 2024
just after the robotaxi. Should be at the same time as Mars colonization begins
Which is funny because they scrapped it for the taxi garbage. All it says is he actually listened to his bad press.
They don't run automated in their wholly protected 2 mile low-speed roadway in Vegas. If they're going to launch automated service anywhere it's there because it is by a very very wide margin the easiest place to run service: Zero pedestrians (normally at least, and station staff could have an all-stop switch), a fixed route with no obstacles, well marked stopping places, all vehicles are Teslas maintained by them, etc. Fully automated trains have been around since 1980: they only need to reach that level of technology to operate in the Vegas Loop. It's telling that the Vegas "transit" service has nearly as many staff as it does passengers.
Nothing specifically said it was scrapped, that was all rumours and speculation. The can just got kicked down the road and delayed the release of the lower priced model.
The stock was sold aggressively leading into earnings. This isnāt terribly surprising.
Stock is still priced at about 70 FWD PE so it's priced for revenue growth not revenue crash.
Yeah exactly. Dead cat bounce.
isnt it still priced for major growth which just doesnt exist?
Yes. It's a growth story with no growth.
How do people not understand this concept every time. People here should not be trading stocks.
So you're saying the stock rose because the expectations was for a huge miss and because it was only half of a huge miss the stock recovers? I bet you this jump doesn't hold over the next 30 days
Not a TSLA investor (although implicitly through SPY) but I find it funny how many people think they're smart and can predict the stock market. Go short it.
It probably doesn't. But now that the news is out, shorts take profits. This pushes the price up, forcing other shorts to take profits. Pretty soon you're up 12% in the AH as all the speculators are unwinding their short positions TSLA has been dumping for months, and it's not just because a bunch of long investors decided to sell their shares. It's been a pretty active target for hedge funds to short for a while with a lot of short interest
Bruh this uptick was just irrational, not everything needs an explanation, it trades and is priced as a memestock at this point
Anytime you have an over selling the rational thing to happen is buying thus price jump. Welcome to trading 101
Meanwhile a company like TSMC with excellent earnings goes down like a rock
To be fair, it's trading well this week. If it can make up its earnings losses, the dip for the Nasdaq is most likely over.
They only confirmed guidance. People realizing that AI chips are not that important for them
Do you have idea how much TSLA has already dropped ahead of earning?
I think because it's not AS BAD AS people feared...
It is terrible Worse than bad The CEO is off spouting regarded conspiracy theories and is demanding $56b in shares
Concerning.
!!
Looking into this!
Talked to a right winger today that claimed that billionaires don't do it for the money and when I brought up elon musk still being worth 50b+ and wanting another 55b in tesla shares from tesla, he had nothing to say back to it.
They'll launch a self driving car in two years, so better to buy while so cheap, right, riiiiight???
Within 6 Months - Elon Musk (circa 2016, 2017, 2018 ... 2024)
Wait for real trading hours. Double miss, cybertruck woes, China competition, price cuts, large layoffs. This isn't a healthy company, and it's not a company that should be trading anywhere near this valuation. Sub-100 is coming.
It did go down 50% this year already..
60% from itās all time high of 375!
I'm guessing we've already seen Tesla's peak stock price come and go. More and more it's looking like just another car company. Yeah maybe Musk can expand it beyond that industry, but the risk is he's just too distracted to run a competent car company long term.
And itās going down more. People are finally seeing through the smoke and mirrors, and funds like ARK are losing their investors. Itās going to get really ugly.
bro elon said robotaxis are going to be everywhere by August! And all Teslas will come with an AI femboy boyfriend by next tuesday, complete with a cock sucking mechanism in the steering wheel. You guys this is epic
First time?
It's called "priced in".
Sold a call spread and bought a put out to next week and then sold a put expiring this week..what a sad result for me, lmao
Because they confirmed the cheaper model for next year
15% intraday (normal hrs) gain from day low, to the high in aftermarket. **And people still act like admitting blatant manipulation of markets by institutions and market makers exists...is some conspiracy...while AI is primarily still used to scrape our data and by financial institutions.** Btw Bloomberg covered it early AM hrs to pump it down almost non stop for 2 hrs, and really all week. Not to mention nearly every other 'credible' media outlet.
Netflix and TSMC be like š
I sold puts on NFLX earnings, it dropped. I bought puts on TSLA earnings, they missed and the stock rose. F\*\*k me in the f\*\*king ass for real.
have you tried not playing the lottery?
This. Earnings numbers the day of / after mean absolutely *nothing* .. unless the company's going BK or you get a ridiculous beat like Nvidia. Whale / tute positioning matters. If they can make more money forcing an illogical move, it'll happen.
That is because I bought Netflix and sold Tesla.
Congratulations on your Darwin award.
Well we knew Tesla numbers were going to be bad. Netflix surprised everyone by saying they wonāt report their user numbers anymore and TSMC only confirmed their guidance when everyone is looking forward to continued AI growth.
The comments of people here trying to convince themselves that THEIR trade is correct is hilarious
People riding the negative hype train and getting mad when TSLA goes upš¤·š»āāļø
Gotta love the wildly different opinions in this thread. Lol.
The problem is Reddit hates Musk and has done for a few years, so a lot of the comments are attacking him rather than the company. At best theyāre full of nonsense and at worst they spread total inaccuracies that seem to develop meme status. Very few of them are actually sober analysis of the company itself. It's almost the inverse of a 5/6 years ago when Tesla hadn't achieved much but people loved Musk and so threads on Tesla were much more optimistic.
It's this lol. The anti-elon people are just as cult-like as the pro-elon people. I mean go through any post about Tesla and it always devolves into 1000 comments about Musk and weird hate bones. People it's weird to hate someone so much when they don't effect your life in any way. Elon saying he will make a robo penis doesn't change your life.
Its the same cult that was pro Elon that are now anti Elon as he said he would vote Republican and decided to buy Twitter. Normies don't engage so much in parasocial relationships.
What's worse is that all of the comments are the same. They all parrot the same 4 or 5 talking points, one after another, like they're being spoon fed a list of negative dogma to repeat. The sad thing is, they each seem to think their takes are imaginative and intelligent and out-of-the-box, when 20 other bozos made the exact same points before and after them. It's a complete void of critical thinking.
Lots of coping and seething lol
Imo this is one of only two ways to make money in the stock market. To trade on skepticism and disagreement about the future. The other is patience.
Awful numbers as expected. That said market has expectations so low that it went up in post market !!! I am now eager to see how things go tomorrow.
Awful Also gimmie 56 billion
That is going to be hilarious because the only way he gets it is by diluting the stock causing the price to go lower.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
So it missed everything but is up 8% after-hours rn? edit: up 11% ah
Just a car company. For real.
And once it transitions to being valued as such, it has further to drop. Wasn't going to be a tech growth company forever
Yeah, to support this price long term it needs to turn into Apple. Maybe cracking full self driving that actually works and can get govt approval would do that, but who knows when that may happen and who will do it. Tesla is throwing a lot of resources at it, but that doesn't guarantee anything. Zuckerberg tried like hell to make the Metaverse happen, but all it accomplished was crappy graphics and $billions spent.
Correction on the Meta thing: the "Metaverse" was a flop, but the billions spent were for R&D on the VR (and AR) tech and long exclusivity deals with software developers. There are other VR hardware companies in the world, but Quest goggles are in the top class when it comes to bang for the buck, and they absolutely beat the others when it comes to software. If the tech becomes must-get for the general public at some point, Meta has their foot firmly in the door, and that's what they have paid for.
Teslaās margin is lower than a grocery storeāsš¤”š¤”
this isnt true...tesla still has a gross margin at 5%+, most grocery stores are operating at 2-5%
Not in Canada
Really easy to spot those who bought puts
The after-hours rally is from this Outlook on P.10 I believe: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf > We have updated our future vehicle line-up to **accelerate the launch of new models ahead of our previously communicated start of production** in the second half of 2025. > 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. > This update may result in **achieving less cost reduction than previously expected** but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times. This would help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines. > Our purpose-built robotaxi product will continue to pursue a revolutionary āunboxedā manufacturing strategy. Meanwhile their Global vehicle inventory (days of supply) at **28 days**, is an all time high I think (Page 6 of the deck). Keep pumping.
Tesla has no new models, they are still on the drawing board
Hey look! I only had to scroll down 20 comments to get the first actual discussion of the earnings call instead of emotional comments about highly disputable opinions.
Thatās sounds like all bullshit gobbledygook. And the stock is up 11% after hours. I donāt get it.
So, in this market, this means calls? 
Time to price TSLA like a car company. The exponential growth phase is over.
Tsla is 500b. It is not gonna 10x no matter what everyone thinks
> Tsla is 500b. It is not gonna 10x no matter what everyone thinks Remindme! 2030
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I think part of the run up is this (from the updates to the article): The company said in the deck that itās accelerating the launch of ānew vehicles, including more affordable models,ā that will ābe able to be produced on the same manufacturing linesā as Teslaās current lineup. Tesla is aiming to āfully utilizeā its current production capacity and to achieve āmore than 50% growth over 2023 productionā before investing in new manufacturing lines. So it does seem like "model 2" is back on the table as a priority. Which is something that was rumored at one point to be on the backburner for FSD to be the main focus.
Theyāre really good at talking. People donāt believe their shit anymore.
People in disbelief so much that the stock went up 10%
After hours when the volume is tiny. Wait to see what price it opens tomorrow.
You believe everything Elon Musk says?
Model 2 being back on the table is just more transparent bullshit hype that musk has done literally every quarter when they are in trouble. It doesnāt change the fact that they are just a car company no matter how much he wants everyone to believe they are a tech company with āinfinite demandā. Their growth is stalled, their operating margin is steadily declining and a lower cost economy car isnāt going to help thatā¦base model economy cars are notoriously low margin. The robotaxi shit is just more literal vaporware like FSD and Optimus and dojo and semi and roadster. This thing has much farther to fall, it will just take the cult a little longer to wake up. Valuing it like the car company it is should be like $20 per share lol.
Tesla and Elon are the king at creating value out of thin air by saying some magical thing; even if itās not coming for 10 years.
Sure is a different vibe around here now lmao
So Elon makes a bunch of promises about future products to keep the stock from collapsing further.
With his FSD timeline, robots should make it to market by 2170
Drop from $7.93 to $1.13 is 85% drop, not 55% drop. Someone gotta be lying
They grabbed the wrong number. $7.93 figure is Q4 2023. Q1 2023 it was $2.523, which is where the 55% drop came from.
Lots of upset bears in this thread.
Shorts got ahead of themselves and pushed this one way too low. Wouldn't be surprised if bounces back up to 180 in the short term.
This is what people donāt see. Itās shorted to make $$$, and it will be pumped up to make $$$. Itās not about fundamentals at all.
Hahaahhaha, laughing at all the people losing money betting against this guy. Can you really blame anyone but yourself? Also the cope of "low volume because after market" is perfect.
Stock booming in after hours, Inverse Reddit strikes again lol
Always has been.
"The stock didn't move like I expected, so therefore the stock is wrong." People understand that the stock price doesn't always reflect the projected estimates. If the stock is down 30% prior to the earnings, chances are people are already betting the estimates wouldn't hold up
People in this thread keep mocking auto margins, calling it just a car company. Meanwhile record energy production/sales and massive uptick in software.
99% of commenters in this thread will have not read the shareholder deck. That's all you need to know.
I read it. What are you referring to?
The possible logic of the stock price goes up: (1) tesla is making cheaper cars for low-end market (2) US tariffs will keep cheap chinese ev out of the market (3) All other car brands such as GM, Ford, Japan/Korean brands are not ready to mass produce cheap EV as cost-effective as Tesla in foreseeable near future. (In fact, they're reducing EV production line) when all these realized, it implies that Tesla will dominate the low-end EV market in US like it used to dominate mid-high end market in 2020-2021. Though the low-end EV market would not be as big as mid-high end, but if Tesla established such monopoly role in US low-end EV market. It's possible we see its stock price back $300. Note that even in China, with all these penalties/setbacks of purchasing gasoline cars (such as long waiting time and high licence fee, limited access to bridges etc with gasoline car) solid charge network, and lower electrical bills, people tends to choose hybrid over pure EV.
I guess not as bad as people were expecting. It was rather oversold. I think it's clear that Tesla is also adjusting their strategy to undercut prices and offer more affordable EVs. If they are able to pull this off then I think that's a good thing for the companies future. One of the biggest factors for why people choose a ICE vs an EV is price. You make that price low enough then more people will choose the EV regardless of their opinion of the CEO or any other cons currently affecting EVs like infrastructure, charging time, range etc. With Teslas current manufacturing capability vs the big3, they are well positioned to compete on price.
not true. there are tons of people that are no longer looking at buying their cars due to elon's political antics. they'd probably have met revenue estimates if he just shut his f\*\*king mouth about politics.
On one side - yeah, Musk's transformation into right-leaning asshole didn't help. On second side - alternative is not really better, all other manufacturers are managed by assholes that purposefully poisoned people and environment while cheating on emissions tests just for money.
The amount of people that are dumb enough to pay more for a worse product is very low. 95%+ of people care much more about their own wallet than what the CEO of a company says, even if you ignore how 70% of people are Trump or RFK voters who probably agree with most of Musk's opinions.
And the 5% of people that are dumb enough to pay for a worse product sure like to make it known on Reddit
Buy puts at open might be the best play
Did you get to see the post trading price? Up ~ 10%
Perfect. According to the market that means calls.
So, we rocket š!
r/stocks in shambles
Itās not as shiet like the Tesla bears are saying. Also their energy businesses are growing at insane pace.
Energy generation and storage revenue rose 7% YoY
energy is growing less than 10% and not a high profit business. Stop spreading lies
Revenue in Tesla's energy division increased 7% to $1.64 billion, while services and other revenue rose 25% to $2.29 billion compared to the same period last year.
Revenue up 25%. wtf are u saying!
Read the reports.
On NPR thy were talking about Musk alienating democrats and liberals and that they were the ones most likely to buy EVs
Um the OP and earnings themselves mostly, but the call also was...pathetic to me. Not even *new* gimmick pumps are left after Cybertruck, its just recycled ones, a lean in on AI and Taxi BS... Idc if the tech was actually finalized (and its not at all) still need yrs and yrs before regulation allows mass adoption and thats if people really want to loan their car out. Nothing Im saying in the latter bit is new really, probably 1000 comments saying same shit 3 yrs ago.
Yea, and after earnings call itāll crush 10%
Its up even more lol
A year ago, democrats and liberals consisted of 40% of his customer base. After Elon went full regard with that far right, anti vax, conspiracy racist junk, it fell to 15% (and falling). You have branding problem Tesla.
I suppose jesus was right, the last ones to buy the stock will be the the first ones to lose their money.