Tesla security analysis - Q3 2018

Is that your subtle way of telling Freetrade to hurry up wth the US stuff?

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I am quite impatient indeed :wink:

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Inclusion in the S&P500 would certainly help the share price!

I love what Tesla is doing, havenā€™t followed the financials before and found it very interesting reading the above! I was surprised by the absolute growth compared to the 2 biggest car makers which also did well - Teslaā€™s is larger but it shows thereā€™s such a long way to go for it to become the largest in revenue terms. The trouble is the valuation is already thereā€¦

Revenue under $20bn Q3 2017 ($bn) Q3 2018 ($bn) Growth Absolute Growth
Tesla 3,0 6,8 129% 3,8
Volkswagen Group 62,5 64,3 3% 1,8
Toyota 62,9 65,7 4% 2,8
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Interesting stats now that the referral program is ending: https://www.reddit.com/r/teslamotors/comments/agyusp/top_tesla_referrers_some_are_easily_recognizable/?utm_source=reddit-android

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Didnā€™t know which thread to put this is, so put it here:

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Wow redundancies are one thing but fundamentally changing their distribution model is a big deal. Surely theyā€™d only do this if theyā€™re really struggling :cold_sweat:

It seems noteworthy that Musk didnā€™t share any numbers, like what proportion of sales are made via stores vs online, for example. Presumably they would have if they didnā€™t think that this would have a significant impact on their sales, to help manage investorā€™s expectations.

Reflecting on the store closures, Mr Musk said: ā€œItā€™s 2019. People want to buy online.ā€

This is hardly the whole story. Although

The electric car and solar-panel company will keep some of its store premises open as galleries or ā€œinformation centresā€ in high-traffic areas.


Iā€™ve moved it for you as that thread was more focused on Elonā€™s erratic behaviour & Vladā€™s analysis is a useful reference point for this.

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My feeling is theyā€™ve tried to grow too fast without bringing in the revenue to back it up.

They have good products but building Gigafactories before they are selling a normal factory worth of stuff seems like biting off more than they can chew

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This is kinda crappy news, was planning on going through Tesla recruitment this summer, but that looms unlikely nowā€¦ :confused:

Tesla recruitment? As in get a job there?

Yes, specifically a product specialist role. I feel as though this makes a lot of sense in the US, where integration is easier and you can order a car on your phone and have it arrive on your doorstep in a relatively short time frame. Internationally though things get more complicated and a lot of people will want to see products in person (plus having dedicated sales has contributed like 20% of revenue from what Iā€™ve heard), so it seems like somewhat of a mistake if they cut back to only one or two stores per country.

Not sure what Iā€™m allowed to disclose from a legal standpoint, but from the conversations with Tesla staff Iā€™ve had they were planning on expansion in advance of the European Model 3 launch. Whether that was stalled I do not know. Employees on reddit certainly donā€™t know whats going on right now (different industry, but this sure does reek a lot of ActiBlizz).

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Donā€™t think theyā€™ve opened in Milton Keynes yet

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:+1:

Itā€™s the place where it all happens!

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Wow, well fingers crossed for you. So have you bought Tesla stock also?

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Thanks! I am currently holding, yes:)

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I donā€™t think anyone wants to buy a car without seeing it in person

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They could just bring an example test drive car to the home of any potential customers for an hour or so for them to try. If the customer likes it they can then just order a new car via either the person whom is with the test drive car, or through the Tesla web site.

With everything now moving towards being brought to us at home/work, it kind of makes sense to do the same with something like a car. It sounded odd when I first heard about it, but the more that I think about it, the more that I think that this could work for them.

Matt

Anyone have any shares in Tesla?

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Yep! :raising_hand_man:

:raising_hand_man: Yes, I have some now. Not regretting it, yetā€¦

I found the news on hitting the 35k price point interesting and important - thatā€™s where they could really hit the mainstream car market which is far larger than their current market.

Suspect they have cut jobs and sales channels to hit that price point before the other car makers can compete. A bold bet.

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