I had no idea that an L shaped 10.31 Wh battery has more capacity than a pair of rectangular 5.175 Wh (10.35 Wh combined) batteries in a single pack! I wonder if Tesla is aware of this magical power of the L!
I pay more in property tax than I save in Federal income tax via mortgage interest deductions. I suspect that is more the norm than the exception, too.
No, I'm perfectly fine with tax deductions. Now, direct cash giveaways, that's a different thing. It's not deduction, it's a reduction of actual tax, and is equivalent to about a $38,000 reduction in income - quite a bit higher than the typical mortgage deduction.
Overnight? I didn't realize a 15 year old company, shipping product for 10 years, was still considered "overnight". Especially when their basic COGM + sales costs make it negative (not including interest on the debt, etc).
Then since you are talking about gross margins, you also realize that is pretty much irrelevant. Net margin is what matters. Gross margin of Tesla seems higher than other car companies - but they are losing money fast. And that's not from capital expenditures... And numbers will start leaking out in about a week - or do you claim that there are ZERO numbers about Tesla's Q3 performance until the full GAAP and SEC-certified statements are released?
I tend to ignore what you write because it's wrong. First - can you admit that Tesla LOSES MONEY with just COGM and SG&A? No? Then there's no need to go further.
Fail. Gross margin is NOT margin. It's a partial measure of the cost of the car. You fail. Tesla lost over $17,000 PER VEHICLE in Q2 2018. We'll see how much they lose in Q3 - want to take a bet?
Temperatures were pretty flat from ~1979 to the big El Nino in 1998. Then flat again until the big El Nino in 2016. And we're talking about a few tenths of a deg C for the record, where the data accuracy itself is 0.2 deg C wide (+/- 0.1 deg C accurate). If it was driven by CO2 and its re-radiative effect, wouldn't you expect to see a much more consistent rise in temperature over that time-span rather than flat periods with a big step function?
Interestingly, Trump is actually deporting real-life Nazis where President Bush and President Obama let him hang out in the US, even though the Nazi had been stripped of his citizenship. Yet somehow deporting real-life Nazis makes President Trump a Nazi? It's like on another thread where someone told me you can consider Hispanics white, and that is why Trump is racist for wanting to build a wall on the Southern border to keep white people out.
Bizzaro-land. But I guess that's par-for-the-course in hard-core US Leftist mentality!
Model 3 had a positive margin in Q2, and is expected to have a 15% margin this quarter - higher than the industry average.
Citation needed. Their financial report - you know, what they have to legally submit with real numbers to not be charged with even more SEC violations - do not support your claim at all. Why do you INSIST on ignoring their actual published numbers? Do you like living in fantasy land?
BS, and you know it. I've called you out on this MANY times Rei. SG&A has been scaling LINEARLY for Tesla for 5 years. It's been consistently 17-20% of revenues. Why? It's the sales and general administration costs REQUIRED to simply run a company and sell its products. Can you sell product without paying for showrooms, sales people, delivery fees, purchasing departments, supply chain administration?
But hey, you were quite adamant that Tesla would turn a profit in Q3, we're about a week out from finding out just how much they lost - yet again. You keep focusing on fake numbers, though!
Do other people get to use the road, too? Can I come and use your Model 3 about 15% of the time, to cover the $7500 tax subsidy you get? Do you have to let others use your car 15% of the time?
Funny, Tesla's published GAAP financials say you are wrong. Their gross profit may be positive, but include the REQUIRED SG&A expenses needed to make that revenue (SG&A being Sales, General and Administrative - functions you CANNOT live without if you want to, you know, actually sell, deliver, and coordinate manufacturing) and they lost money.
Now add in interest only - not even principal payments - and you're at a bigger loss. And this is interest needed to see the production even happen - not including R&D or any of the other "ancillary" operations. Gross margin minus SG&A minus interest payments and you're at $300 million lost.
And of course, if you look at their OWN FINANCIALS, you will see that last quarter they lost $717 million overall. How do you have a positive profit margin if you lose money? You're either ignorant or lying - but because I've told you this several times - I'll choose lying.
Go ahead, show the financial report (not carefully selected items out of the REQUIRED SEC postings) that show they make a profit. You can't. Sorry!
Nope. I live in the LA area, so I own a motorcycle - and that's it. Great mileage, comfortable, and I am never stuck in traffic thanks to California wisely allowing what 90% of the world's population can do - filter and lane share. I have zero interest in a car with the same range as my motorcycle - and that takes hours to recharge versus 3 minutes (5 gallons of gas pumps plenty quick).
Methinks you do not understand what "write-off" means. It means you do not use post-tax dollars - but you still have to PAY for the asset. That is all. Tesla also uses that - they buy machinery and "write off" the costs - meaning they can deduct the legitimate business expense from their gross revenue to reduce their taxable income. But they still have to pay for the machinery. It's a bit different then having other people forcibly paying you to take the car. In one case, there are less taxes collected; in the other, taxes are redistributed from the have-nots (typically those who cannot afford a $50K+ car) to the haves (those who can afford Teslas). But I guess you like stealing from the poor?
Hey, when you sell cars below cost (essentially giving them away), you can move a lot of cars! Now, add in the $17,600 that Tesla loses on each vehicle ($717 million loss last quarter to ship 40,740 cars) and the $7500 the Government gives you to buy one, and you end up with the mythical $35K and up car actually costing $60K.
I guess if you want shareholders/investors/rubes and the taxpayer/fellow-citizens to pay nearly half the cost of your car, then go for it! But Tesla has only a few quarters left before they have to start charging more, and their Government subsidies go away, and the car starts costing consumers $60,000 or more. We'll see what happens to deliveries then, as the real car manufacturers start rolling into the market in volume.
And all is good. But for every purchase from Amazon, Google, or a competing vendor will cause you to lose some of your trust score. You don't want Tim Cook to not trust you, do you? You might get pushed back a few months in approval of buying that new iThingy!
Wait - radical, extremist Islamists are alt-right? Really? That's your contention? And I was upvoted because I posted many links to people who are definitely NOT "angry white alt-right guys".
Slashdot Mirror
I had no idea that an L shaped 10.31 Wh battery has more capacity than a pair of rectangular 5.175 Wh (10.35 Wh combined) batteries in a single pack! I wonder if Tesla is aware of this magical power of the L!
I pay more in property tax than I save in Federal income tax via mortgage interest deductions. I suspect that is more the norm than the exception, too.
No, I'm perfectly fine with tax deductions. Now, direct cash giveaways, that's a different thing. It's not deduction, it's a reduction of actual tax, and is equivalent to about a $38,000 reduction in income - quite a bit higher than the typical mortgage deduction.
"proposed recurring fee structure is an unreasonable overreach that will harm local policy innovation."
You mean limit the extortion a local municipality can demand? That kind of "innovation"?
Sergey Brin. Sergey Mikhaylovich Brin. Born in RUSSIA! See? PROOF of Russian Interference in the election!
my iPhone is covered in a Mophie which gives me 2-3 times the battery life which usually means ~2 days of active use.
That's kind of like Kate Moss wearing a fat suit...
Overnight? I didn't realize a 15 year old company, shipping product for 10 years, was still considered "overnight". Especially when their basic COGM + sales costs make it negative (not including interest on the debt, etc).
Then since you are talking about gross margins, you also realize that is pretty much irrelevant. Net margin is what matters. Gross margin of Tesla seems higher than other car companies - but they are losing money fast. And that's not from capital expenditures... And numbers will start leaking out in about a week - or do you claim that there are ZERO numbers about Tesla's Q3 performance until the full GAAP and SEC-certified statements are released?
I tend to ignore what you write because it's wrong. First - can you admit that Tesla LOSES MONEY with just COGM and SG&A? No? Then there's no need to go further.
Fail. Gross margin is NOT margin. It's a partial measure of the cost of the car. You fail. Tesla lost over $17,000 PER VEHICLE in Q2 2018. We'll see how much they lose in Q3 - want to take a bet?
Kill all flying insects!
And if the power to "isolate and enrich the H2" comes from wind or solar?
Temperatures were pretty flat from ~1979 to the big El Nino in 1998. Then flat again until the big El Nino in 2016. And we're talking about a few tenths of a deg C for the record, where the data accuracy itself is 0.2 deg C wide (+/- 0.1 deg C accurate). If it was driven by CO2 and its re-radiative effect, wouldn't you expect to see a much more consistent rise in temperature over that time-span rather than flat periods with a big step function?
Our main train company, NS (Dutch Railways) has all their trains running on wind energy now.
But that doesn't work really well in Germany, where you have to lower the sails and masts every time you come to a tunnel or overpass...
Interestingly, Trump is actually deporting real-life Nazis where President Bush and President Obama let him hang out in the US, even though the Nazi had been stripped of his citizenship. Yet somehow deporting real-life Nazis makes President Trump a Nazi? It's like on another thread where someone told me you can consider Hispanics white, and that is why Trump is racist for wanting to build a wall on the Southern border to keep white people out.
Bizzaro-land. But I guess that's par-for-the-course in hard-core US Leftist mentality!
Model 3 had a positive margin in Q2, and is expected to have a 15% margin this quarter - higher than the industry average.
Citation needed. Their financial report - you know, what they have to legally submit with real numbers to not be charged with even more SEC violations - do not support your claim at all. Why do you INSIST on ignoring their actual published numbers? Do you like living in fantasy land?
BS, and you know it. I've called you out on this MANY times Rei. SG&A has been scaling LINEARLY for Tesla for 5 years. It's been consistently 17-20% of revenues. Why? It's the sales and general administration costs REQUIRED to simply run a company and sell its products. Can you sell product without paying for showrooms, sales people, delivery fees, purchasing departments, supply chain administration?
But hey, you were quite adamant that Tesla would turn a profit in Q3, we're about a week out from finding out just how much they lost - yet again. You keep focusing on fake numbers, though!
Do other people get to use the road, too? Can I come and use your Model 3 about 15% of the time, to cover the $7500 tax subsidy you get? Do you have to let others use your car 15% of the time?
Funny, Tesla's published GAAP financials say you are wrong. Their gross profit may be positive, but include the REQUIRED SG&A expenses needed to make that revenue (SG&A being Sales, General and Administrative - functions you CANNOT live without if you want to, you know, actually sell, deliver, and coordinate manufacturing) and they lost money.
Now add in interest only - not even principal payments - and you're at a bigger loss. And this is interest needed to see the production even happen - not including R&D or any of the other "ancillary" operations. Gross margin minus SG&A minus interest payments and you're at $300 million lost.
And of course, if you look at their OWN FINANCIALS, you will see that last quarter they lost $717 million overall. How do you have a positive profit margin if you lose money? You're either ignorant or lying - but because I've told you this several times - I'll choose lying.
Go ahead, show the financial report (not carefully selected items out of the REQUIRED SEC postings) that show they make a profit. You can't. Sorry!
Nope. I live in the LA area, so I own a motorcycle - and that's it. Great mileage, comfortable, and I am never stuck in traffic thanks to California wisely allowing what 90% of the world's population can do - filter and lane share. I have zero interest in a car with the same range as my motorcycle - and that takes hours to recharge versus 3 minutes (5 gallons of gas pumps plenty quick).
Methinks you do not understand what "write-off" means. It means you do not use post-tax dollars - but you still have to PAY for the asset. That is all. Tesla also uses that - they buy machinery and "write off" the costs - meaning they can deduct the legitimate business expense from their gross revenue to reduce their taxable income. But they still have to pay for the machinery. It's a bit different then having other people forcibly paying you to take the car. In one case, there are less taxes collected; in the other, taxes are redistributed from the have-nots (typically those who cannot afford a $50K+ car) to the haves (those who can afford Teslas). But I guess you like stealing from the poor?
Hey, when you sell cars below cost (essentially giving them away), you can move a lot of cars! Now, add in the $17,600 that Tesla loses on each vehicle ($717 million loss last quarter to ship 40,740 cars) and the $7500 the Government gives you to buy one, and you end up with the mythical $35K and up car actually costing $60K.
I guess if you want shareholders/investors/rubes and the taxpayer/fellow-citizens to pay nearly half the cost of your car, then go for it! But Tesla has only a few quarters left before they have to start charging more, and their Government subsidies go away, and the car starts costing consumers $60,000 or more. We'll see what happens to deliveries then, as the real car manufacturers start rolling into the market in volume.
And all is good. But for every purchase from Amazon, Google, or a competing vendor will cause you to lose some of your trust score. You don't want Tim Cook to not trust you, do you? You might get pushed back a few months in approval of buying that new iThingy!
Wait - radical, extremist Islamists are alt-right? Really? That's your contention? And I was upvoted because I posted many links to people who are definitely NOT "angry white alt-right guys".
Yes, LynnwoodRooster, Hispanics can count as whites
So Trump is racist because he wants to build a wall to keep fellow caucasians out?