Tesla Meets Q3 Product Goals of 50,000 To 55,000 Model 3s (electrek.co)

An anonymous reader quotes a report from Electrek: Electrek has learned that Tesla already achieved the goal for a new record production with two days still to go before the end of the quarter. As we reported last week, Tesla achieved a new record day of Model 3 production, but it was cutting it close for the quarterly goal. The automaker had been guiding a production of 50,000 to 55,000 Model 3 vehicles for the third quarter. According to a reliable source familiar with Tesla's production, the automaker had a strong week of production and managed to bring the total number Model 3 produced to over 51,000 vehicles. For the first time in months, Tesla was able to produce about 5,000 Model 3 vehicles over seven days. The total production for the week was at around 6,700 vehicles -- bringing the total for the quarter to about 77,400 vehicles. Tesla was able to maintain production of about 1,100 cars per day over four days this week and about 800 Model 3's per day over three of those days. It's one of the highest levels of production that Tesla was ever able to maintain.

Comments

Re: Thanks Rei

[Rei]

Companies don't live and die by theatrics. They live and die by their fundamentals. The stock jumps and declines based on gotchas, but ultimately it's deliveries, margins, profits, etc that matter. Whether Elon is CEO, a non-executive employee with the newly created job title "Not A CEO", or no longer connected Tesla at all - and whether said status is determined one week from now or ten years from now - the company's fundamentals remain what they are.

Go look at a graph of Tesla's spikes and drops over the past year. How many of those spikes and drops can you, at a glance, remember why they happened? I'm betting it's a pretty small percentage of them. Yet at the time, each drop was people freaking out over something or other in the news, and each spike was people getting overconfident that their good news couldn't possibly be overcome.

Day traders and options traders live and die by these spikes, but for people with a mid to long-term perspective, they're really just static. Lows are a chance to expand your holdings. Highs are a chance to thin your holdings if you think you're overexposed or if you think there's a good chance that the current good news is going to be FUDded back. But in general you hold over your anticipated timeframe until the premises that you based your investment and timeframe on are either confirmed or disproven.

In my case, the premise is "two quarters of profitability with an extremely and ongoing growth story". The timeframe is "Q4 report or later, but unlikely more than two quarters later". Time will tell. In the meantime? Enjoy the noise. :)