Issue 02

 

Tesla 2019 Q3 Earnings Report
(Stock price jumped up $66/share [20%] the day this came out)

 

$143 Million GAAP* Net Income (4th quarter since 2014 that they've been profitable)

$383 Million increase in cash-on-hand

$5.33 Billion cash-positive (in the bank), up 8% QoQ, up 80% YoY (buffer in case of a recession)

$371 Million Operating Cash Flow less CAPEX (Capital Expenditures)

4.1% Operating Margin

22.8% GAAP Automotive Gross Margin (insanely high)

Sales are "production limited" not "sales limited" (as the scare-mongers would have you believe).

Record production of 96,000 cars this quarter.

48% Solar growth QoQ (Version 3 of Tesla Solar Roof due out tomorrow).

Shanghai factory ahead of schedule.

Model Y production ahead of schedule.

1 accident for every 4.3 Million miles driven in AutoPilot (National average: 1 accident for every 0.5 miles driven; Teslas are over 8x safer).

Smart Summon has been used over one million times in the last month since its release. Next version, out soon, will contain improvements based on the data received.

Tesla Energy's goal is to be a "global utility".

An industry analyst asked Elon if Tesla would monetize the infotainment system (make it a for-a-fee option instead of now where it comes with the car). Elon said 'no'; he wants "the cars to be fun to use, and that fun should not be optional."

Elon said Tesla Insurance is doing great in the California roll-out, and rates are as low as they are because the car is so safe, and one of the reasons he did Tesla Insurance was to force other insurance providers to lower their rates for Teslas which they weren't doing on their own.

Elon was asked about the pickup truck. He said he thinks it will be the best vehicle Tesla has come out with. It will be revealed in a few weeks. (Pickups are the biggest selling vehicle in the U.S.)

TSLA $316/share today, up from $228 one month ago. Will likely increase when pickup is revealed in a few weeks.


* Generally Accepted Accounting Principles