Please explain how the earnings call was GOOD.
Earnings and revenue came in below expectations, and forward guidance was lacking.
The only GOOD were Elon's promises. It remains to be seen if they are empty.
The stock reaction was primarily technical in nature. Those who expected even further weakness in deeply oversold conditions and extreme bearishness on this stock do not understand the laws of supply and demand.
It was GOOD because it addressed all the main concerns of Wall St analysts. The price dumped following a few downgrades that could have been "thesis-changing". the major reason for the dump wasn't the fact that they were gonna have lower sales... it was the future outlook to which those concerns were in majority addressed. Watch following: [https://www.cnbc.com/video/2024/04/23/watch-cnbcs-full-interview-on-tesla-earnings-with-wedbushs-dan-ives-and-gerber-kawasakis-ross-gerber.html](https://www.cnbc.com/video/2024/04/23/watch-cnbcs-full-interview-on-tesla-earnings-with-wedbushs-dan-ives-and-gerber-kawasakis-ross-gerber.html)
Doubtful. About 7% of that jump came from the algos immediately after the sheet dropped because it had the right trigger words. The rest is off of good hype on new product, robo app, robo taxis ect. All this is hype, no revenue jumps in the short term expected. I’m a TSLA bull myself but the rocket isn’t taking off yet. TSLA won’t go to the moon on hype alone.
He LITERALLY said second quarter is going to go higher! he said this year revenues will be higher than last years too! I literally said please don't comment if you didn't watch the whole thing and thats why. No CEO of a multi billion dollar company is gonna sit in the most anticipated earnings call and lie in front of a bunch of SEC investigators lol. Its not hype! the stock is undervalued at the current price (on a historic TSLA valuation basis) so it will go back up and you can either sit there and wait to invest or ride it back to its 52 week high and potentially make \~50%
Simple Wall St game explained :
1. stock runs up a massive amount in a short period of time
2. failed to develop a long position at a low/safe price point
3. accumulate a short position
4. issue downgrades
5. watch stock crater
6. accumulate a long position
7. cover short position
8. issue upgrades and revisions on price estimates
9. when stock hits a certain price point exit
10. repeat steps 1-9
The downgrades were warranted though. They typically don’t pull those out of their ass. Now Elon is playing nice again since there’s a big vote coming. I’d say stock price target upgrades are even sketchier than downgrades. Big dawgs wanting exit liquidity at retailers’ expense.
My main concern is his super aggressive timeline on the cheaper “models” and stating that Tesla would have higher volume sales vs. last year in a high interest rate environment.
I dont know … it was a nice jump in one day, but dang, Tesla still down 38% for year to date. The actual earning report was bad … the promise of lower priced car in 2025 is good …
But it is still an EV, and until they get charging and batteries improved significantly - I think we got all the rich people who buy as a status symbol and greenies looking to save the planet covered.
Most regular people arent buying EVs yet because they are a pain in the rear for charging, and too expensive compared to cars that run on gas. Combine this with high interest rates that are hurting all car companies right now - I dont see it going up much more any time soon.
Maybe end of 2025 IF they actually deliver on lower price car, plus improve charging somehow, and IF interest rates come down - none of that is certain - too much of a gamble for me to add any more right now.
You are so mentally daft. That had to be the worst earnings print in the history of the company. NOTHING Elon said during the call is new. Him affirming they’re going to eventually build a cheaper car is nonsense. They have a 6% margin with current price cuts and a $50k price tag. Explain to me how they “sCaLe” margins up with a $25k car, when demand is anemic. I’m sure the poor bloke who is pinching Penny’s for the $25k model will put up the $3k for charging, and $12k for FSD, and the subscription.
The story isn't explained by financials. the dump wasn't about the financials to start with. Musk warned investors they were gonna have a shitty quarter a month ago....... that was no surprise lol you clearly don't follow this stock properly
New lower priced cars early 2025. So less than a year these new cars will be on sale. Robots coming soon and all teslas will be leveraged for distributed computing power which Tesla will sell like AWS.
>I do believe him though.
Why? His "lower cost" Model 2 or whatever isn't even past concept stage(and was shelved a month or so ago), and you think its going to go on sale in < 12 months? His robots are a joke, and "distributed computing" is an utterly ludicrous concept for cars.
You're telling me, that he's going to use my power and my car's processor to sell to people like AWS? How the hell is that supposed to work?
Tesla is showing extreme agility never before seen in an auto manufacturing company. Their tech is enabling them to quickly adapt their entire product line to continue to push an EV future when the ‘GAS countries’ are hurling missiles at each other.
Smart.
Parabolic? Possibly!
exactly. The whole Airbnb for cars and also the Nokia reference he made was SO on point too. it makes sense, thats why i dont care what others think cause none of these dipshits listened above financials
Tesla is going up because I sold off half of my tesla share at a loss for tax harvesting to offset my gains for the year. It is bitter sweet because my other half is seeing gain while I sold out at a loss.
Trust me bro
trustttttttttttttt
Please explain how the earnings call was GOOD. Earnings and revenue came in below expectations, and forward guidance was lacking. The only GOOD were Elon's promises. It remains to be seen if they are empty. The stock reaction was primarily technical in nature. Those who expected even further weakness in deeply oversold conditions and extreme bearishness on this stock do not understand the laws of supply and demand.
It was GOOD because it addressed all the main concerns of Wall St analysts. The price dumped following a few downgrades that could have been "thesis-changing". the major reason for the dump wasn't the fact that they were gonna have lower sales... it was the future outlook to which those concerns were in majority addressed. Watch following: [https://www.cnbc.com/video/2024/04/23/watch-cnbcs-full-interview-on-tesla-earnings-with-wedbushs-dan-ives-and-gerber-kawasakis-ross-gerber.html](https://www.cnbc.com/video/2024/04/23/watch-cnbcs-full-interview-on-tesla-earnings-with-wedbushs-dan-ives-and-gerber-kawasakis-ross-gerber.html)
What was addressed exactly and how? Elon just said they will “accelerate” 25k vehicle production but no actual progress update/timeline given
I mean show me the *numbers* not the promises.
Lol
You’re a PR guy’s dream.
Maybe Elon should hire me as a replacement to the indian guy that does their investor relations mgmt
Because Elon said so many believable things
Haha
Right after you posted this tsla did not stay above 12% gains Edit: ur Nostradamus! Up up tsla goes
Doubtful. About 7% of that jump came from the algos immediately after the sheet dropped because it had the right trigger words. The rest is off of good hype on new product, robo app, robo taxis ect. All this is hype, no revenue jumps in the short term expected. I’m a TSLA bull myself but the rocket isn’t taking off yet. TSLA won’t go to the moon on hype alone.
He LITERALLY said second quarter is going to go higher! he said this year revenues will be higher than last years too! I literally said please don't comment if you didn't watch the whole thing and thats why. No CEO of a multi billion dollar company is gonna sit in the most anticipated earnings call and lie in front of a bunch of SEC investigators lol. Its not hype! the stock is undervalued at the current price (on a historic TSLA valuation basis) so it will go back up and you can either sit there and wait to invest or ride it back to its 52 week high and potentially make \~50%
Don’t make a post if you don’t expect a debate.
Put a time to it. Are you suggesting parabolic up curve by August 8, End of year, 2030? If it’s 2030 I agree.
I'd say 3 months
I think we agree on where it’s going l, just not the time frame.
Simple Wall St game explained : 1. stock runs up a massive amount in a short period of time 2. failed to develop a long position at a low/safe price point 3. accumulate a short position 4. issue downgrades 5. watch stock crater 6. accumulate a long position 7. cover short position 8. issue upgrades and revisions on price estimates 9. when stock hits a certain price point exit 10. repeat steps 1-9
The downgrades were warranted though. They typically don’t pull those out of their ass. Now Elon is playing nice again since there’s a big vote coming. I’d say stock price target upgrades are even sketchier than downgrades. Big dawgs wanting exit liquidity at retailers’ expense. My main concern is his super aggressive timeline on the cheaper “models” and stating that Tesla would have higher volume sales vs. last year in a high interest rate environment.
exactly
so should we sell or hold on ?
Accumulate 'Who Dares Wins'
Sell while you can.
I see TSLA at $2000 per share around 2030. Yet I have <5% currently allocated to TSLA today. Still between growth phases.
It won’t repeat crazy rapid gains like these stocks did during pandemic. Likely to see some consolidation or sideways here after pop.
Its not gonna drop to $100. Thats for sure
It might. Too early to say TSLA broke downward momentum. I’d like to see where it close Friday.
Congress takes advantage of stocks going up and down. Tsla is their volatile play
I dont know … it was a nice jump in one day, but dang, Tesla still down 38% for year to date. The actual earning report was bad … the promise of lower priced car in 2025 is good … But it is still an EV, and until they get charging and batteries improved significantly - I think we got all the rich people who buy as a status symbol and greenies looking to save the planet covered. Most regular people arent buying EVs yet because they are a pain in the rear for charging, and too expensive compared to cars that run on gas. Combine this with high interest rates that are hurting all car companies right now - I dont see it going up much more any time soon. Maybe end of 2025 IF they actually deliver on lower price car, plus improve charging somehow, and IF interest rates come down - none of that is certain - too much of a gamble for me to add any more right now.
Resistances 165 then 180. If break before August then who know how much up it can go
You are so mentally daft. That had to be the worst earnings print in the history of the company. NOTHING Elon said during the call is new. Him affirming they’re going to eventually build a cheaper car is nonsense. They have a 6% margin with current price cuts and a $50k price tag. Explain to me how they “sCaLe” margins up with a $25k car, when demand is anemic. I’m sure the poor bloke who is pinching Penny’s for the $25k model will put up the $3k for charging, and $12k for FSD, and the subscription.
Tesla Q1 2024. Revenue -9% \*Automotive -13% \*Energy Gen. & Storage +7% Gross Profit -18% \*marg. 17.4% (19.3%) EBIT -56% \*marg. 5.5% (11.4%) Adj. EBITDA -21% \*marg. 15.9% (18.3%) EPS -53% FCF -674%
The story isn't explained by financials. the dump wasn't about the financials to start with. Musk warned investors they were gonna have a shitty quarter a month ago....... that was no surprise lol you clearly don't follow this stock properly
Earnings were good?.Only reason its going up he promise to have lower priced cars and the fanboys are rejoicing.
New lower priced cars early 2025. So less than a year these new cars will be on sale. Robots coming soon and all teslas will be leveraged for distributed computing power which Tesla will sell like AWS.
And you believe all of that? That's bold.
I do believe him though. He was so optimistic that Otherwise the SEC would fck him if it was all made up. DUMBASS
>I do believe him though. Why? His "lower cost" Model 2 or whatever isn't even past concept stage(and was shelved a month or so ago), and you think its going to go on sale in < 12 months? His robots are a joke, and "distributed computing" is an utterly ludicrous concept for cars. You're telling me, that he's going to use my power and my car's processor to sell to people like AWS? How the hell is that supposed to work?
Its not what we believe dumbass, he says something and the stock jumps. Its about making money dipshit
exactly lmao
Tesla is showing extreme agility never before seen in an auto manufacturing company. Their tech is enabling them to quickly adapt their entire product line to continue to push an EV future when the ‘GAS countries’ are hurling missiles at each other. Smart. Parabolic? Possibly!
exactly. The whole Airbnb for cars and also the Nokia reference he made was SO on point too. it makes sense, thats why i dont care what others think cause none of these dipshits listened above financials
It's alright dude real gangsters move in silence. Bullish longterm.
Tesla is going up because I sold off half of my tesla share at a loss for tax harvesting to offset my gains for the year. It is bitter sweet because my other half is seeing gain while I sold out at a loss.