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Old 05-09-2013, 09:35 AM   #1
warpath
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Arrow Tesla: Catch-all News, Rumors & Opinions

Leftlane: http://www.leftlanenews.com/tesla-re...ly-profit.html



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Tesla Motors has reported a net profit of $15 million for the first quarter of 2013. This marks the California-based company's first profit in its ten-year history.

Tesla generated a record-breaking $562 million in revenues during the first four months of 2013, an 83 percent increase over the fourth quarter of 2012. Tesla CEO Elon Musk explained in a letter to shareholders that the profit is partly attributed to higher-than-expected sales in the United States. During Q1, Tesla sold 4,900 Model S sedans, up from an estimated 4,500.



Musk also explained that the firm was able to save money by streamlining its production process and increasing its productivity. The time required to build a Model S dropped by 40 percent from December of 2012 to March of 2013.

Tesla also made money by supplying Toyota with the drivetrain and battery packs for its RAV4 EV, and it earned almost $7 million by helping Mercedes-Benz develop the B-Class Electric Drive.

Finally, the young automaker made $68 million, or 12 percent of revenues, by selling zero emission credits to other automakers.

Tesla shares rose by 13 percent in after-hours trading following the announcement.
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Old 05-09-2013, 09:53 AM   #2
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Better than fisker in every way. This is going to be the bleeding edge electric car company.
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Old 05-09-2013, 10:05 AM   #3
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Also:

http://money.cnn.com/2013/05/09/auto...html?iid=HP_LN

Almost a perfect CR score, and highest ever car review.
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Old 05-09-2013, 10:16 AM   #4
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AHEM. I have just one thing to say about this...



THe customers (and a deftly run company) have spoken and as I said a long time ago, that even though I do not care for any electric car, if they make a profit and stay in business then I have to concede they are a success. Even though I did not think they would make it.

So I have to be true to my word and say..

I WAS FLAT OUT WRONG and I am eating crow. MMM... still tastes bad even with bacon.

Mr. Musk, congrats on beating the odds and making an EV that seems to be viable in the market where all other startups have struggled or failed

THe CR spew is just that spew... saying it is the best car they have ever tested without qualifying criteria does not hold much water.
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Old 05-09-2013, 03:03 PM   #5
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Scrappy I would not eat all the crow yet It takes awhile longer to see if this really works out or not. Not to say I dislike them, they are great, but most people can't afford them in this country so the market size and depth will depend. In other words repeat customers etc...
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Old 05-09-2013, 03:17 PM   #6
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I know they could dry up after all the Initial first takers run out, but if they move the product down scale enough fast enough, it may just be around for a long while... Still not selling in any significant numbers compared to other established car companies, but I felt I must tip my hat to the multibillionares success. He has succeded where many have failed.

Amazing what limitless capital can accomplish.
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Old 05-09-2013, 04:03 PM   #7
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to address this point... they raised sales number for the model S. Given that they are planning other models (lower price points), this issue of yours should be mitigated.

:kickshimself: for not being allowed to invest in TSLA.
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Old 05-09-2013, 04:30 PM   #8
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Quote:
Originally Posted by SCRAPPYDO View Post
Amazing what limitless capital can accomplish.
Why concede and do it so half-assed? Always a LAME excuse. Not that they had brilliant execution with a brilliant idea and brilliant engineering with a bunch of cavemen poopooing them all along.

I hope you shorted the stock. Brokers are coming to break legs now, multi-billion dollar losses for betting against the future... You can argue BS on the intarwebs all day, but this is sweet victory.
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Old 05-09-2013, 05:01 PM   #9
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Old 05-09-2013, 05:22 PM   #10
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Quote:
Originally Posted by legav05 View Post

Why concede and do it so half-assed? Always a LAME excuse. Not that they had brilliant execution with a brilliant idea and brilliant engineering with a bunch of cavemen poopooing them all along.

I hope you shorted the stock. Brokers are coming to break legs now, multi-billion dollar losses for betting against the future... You can argue BS on the intarwebs all day, but this is sweet victory.
Hey now, no need to be a dick. I've been arguing with Scrappy on and off for probably a year about electric cars, and I've determined he's a good guy underneath his dinosaur exterior.
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Old 05-09-2013, 05:29 PM   #11
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Oh you are living proof that some poeple will always find something to complain about...
I said something nice about Tesla. If you are looking for me to suddenly find interest in it, you are grasping at air. Selling a few thousand cars does not make Tesla an automotive superpower. He made some profits. Great. yeah Capitalism. Hope he makes a ton more money. But his struggles are just starting. If you think Tesla is out of the woods, then you are kidding yourself. His companies future is still treading water. He is doing a pretty good job right now, but he is not really making what I would call a huge splash.

They need a cheaper car, and it must be MUCH better than the Leaf and focus at a better price. That is no short order. The market for 100k dollar EV is not wide nor deep.


I gave Mr.Musk credit for his small victory. I was generous. But good news is worth celebrating...so take it for what its worth...


He is just very fortunate to have near limitless money to float the company when it is running in the red....A great asset to have for a man starting a risky business.
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Old 05-09-2013, 05:49 PM   #12
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Quote:
Originally Posted by SCRAPPYDO View Post
Oh you are living proof that some poeple will always find something to complain about...
I said something nice about Tesla. If you are looking for me to suddenly find interest in it, you are grasping at air. Selling a few thousand cars does not make Tesla an automotive superpower. He made some profits. Great. yeah Capitalism. Hope he makes a ton more money. But his struggles are just starting. If you think Tesla is out of the woods, then you are kidding yourself. His companies future is still treading water. He is doing a pretty good job right now, but he is not really making what I would call a huge splash.

They need a cheaper car, and it must be MUCH better than the Leaf and focus at a better price. That is no short order. The market for 100k dollar EV is not wide nor deep.


I gave Mr.Musk credit for his small victory. I was generous. But good news is worth celebrating...so take it for what its worth...


He is just very fortunate to have near limitless money to float the company when it is running in the red....A great asset to have for a man starting a risky business.
Much like losses are unlimited when shorting, being wrong also has no bounds. I have and will continue to put my money where my mouth is.

I just see 4 paragraphs of whining there. Calling that out is not a complaint... and really, I can't hear you over the sound of my WINNING.
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Old 05-09-2013, 07:36 PM   #13
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you are a strange little man..

um

enjoy your victory lap???
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Old 05-09-2013, 07:40 PM   #14
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Well his ridiculous antics make sense if he is an investor. Cheerleading his company
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Old 05-10-2013, 01:21 PM   #15
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Originally Posted by SCRAPPYDO View Post
THe CR spew is just that spew... saying it is the best car they have ever tested without qualifying criteria does not hold much water.
Antics:
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Old 05-10-2013, 06:57 PM   #16
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Quote:
Originally Posted by SCRAPPYDO View Post
Oh you are living proof that some poeple will always find something to complain about...
I said something nice about Tesla. If you are looking for me to suddenly find interest in it, you are grasping at air. Selling a few thousand cars does not make Tesla an automotive superpower. He made some profits. Great. yeah Capitalism. Hope he makes a ton more money. But his struggles are just starting. If you think Tesla is out of the woods, then you are kidding yourself. His companies future is still treading water. He is doing a pretty good job right now, but he is not really making what I would call a huge splash.

They need a cheaper car, and it must be MUCH better than the Leaf and focus at a better price. That is no short order. The market for 100k dollar EV is not wide nor deep.


I gave Mr.Musk credit for his small victory. I was generous. But good news is worth celebrating...so take it for what its worth...


He is just very fortunate to have near limitless money to float the company when it is running in the red....A great asset to have for a man starting a risky business.
Yeah spot on. I have to give you credit for admitting that you were wrong about the market's desire for electric cars. Its definitely Musk's deep pockets and abilities to rally investors that have made Tesla last long enough to get to where they are.
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Old 05-10-2013, 08:24 PM   #17
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I really hope Tesla keeps expanding, improving, and establishing themselves as a legitimate automaker... I could see them becoming the "Apple" of automobiles... Just turning the industry on its head.

I hope the diversify their lineup... A brz/frs competitor would be cool. Or maybe even a little SUV/wagon

I've seen quite a few of the sedans running around Southern California lately and they are very sexy machines... Props to Mr. Musk..
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Old 05-10-2013, 08:37 PM   #18
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They didnt make a profit selling cars, they made a profit selling engineering skills, batteries, motors, controllers and carbon credits.
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Old 05-10-2013, 09:23 PM   #19
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Quote:
Originally Posted by UKscooby View Post
They didnt make a profit selling cars, they made a profit selling engineering skills, batteries, motors, controllers and carbon credits.
Im willing to bet most car companys run much the same way.

Parts and service are big money.
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Old 05-11-2013, 02:17 AM   #20
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Quote:
Originally Posted by hkerekes View Post
Im willing to bet most car companys run much the same way.

Parts and service are big money.
GM Goodwrench. Sell a piece of **** and then make tons of money repairing it. Sort of like printer ink that costs more than the printer. What a reputable business. How about Subaru selling customers $500 control arms instead of pressing out/in the $5 LCA bushing that goes bad in 20k miles?
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Old 05-11-2013, 08:00 AM   #21
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Parts are very often made by third parties anyway.
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Old 05-11-2013, 03:10 PM   #22
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dammit...I was going to buy a whole bunch of stock a few months ago when it was close to $30....now its DOUBLE

IDIOT!!!!!!!!!!!
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Old 05-13-2013, 03:40 PM   #23
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Old 05-13-2013, 03:51 PM   #24
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Quote:
Originally Posted by GooseMan View Post
dammit...I was going to buy a whole bunch of stock a few months ago when it was close to $30....now its DOUBLE

IDIOT!!!!!!!!!!!
Triple today. It may be the short squeeze in play, but even if it goes down it will be back.
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Old 05-16-2013, 12:24 AM   #25
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Without playing too much inside baseball...there will be a correction as $100 is a magic mental number to make a lot of people feel safe. But even when it corrects back down to $50-$60, its still a good bet. There's lots of production pipeline, and a couple huge pending announcements, within a year it will be legitimately at $150/share. This is just the beginning.
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