Q3 earnings

when is Q3 announcement?

November 4. Sorry but if you don't know when earnings are announced, you shouldn't own the common stock. Then again, it's always better to be lucky than good ...

Good and Lucky is even better.

Well? Place your bets for expected figures if you dare :)

I must have missed the part where the OP said he a shareholder. Maybe he's just curious how the company is doing. Probably wasn't looking for snide comments about a simple question though.

arrogance like ignorance is bliss

"if you don't know when earnings are announced, you shouldn't own the common stock"

only true if you live from earnings report to earnings report.

So true. I tend to invest for longer terms and surf the waves.

@4rhansen Good and Lucky is even better.

Actually, 'Lucky' makes 'Good' irrelevant.

DC - That's not nice or fair.

Fair enough mjs. That did come off harsh but I find myself concerned for those who invest in individual securities without (apparently) doing the appropriate amount of due diligence, analysis and planning ... the eTrade baby and CNBC have convinced us that we can all be stock jockeys ... just like betting at the track.

IMHO better to leave it to the professionals. It's fun being an investor on the way up but it's rarely great in the long term as periods like 2000-2002 taught us as did 2008.

Now let's get back to talking about how awesome this car is!

DC, I think the Nov 4 is a Nasdaq best estimate... I haven't seen an official announcement from Tesla yet.

See the note *at the bottom of the page...
(but you knew that)


I have yet to see Tesla announce the date. If you're going by Yahoo or other sources, it's been incorrect for several quarters until they pick up the correct date AFTER Tesla posts it.

DC - Agreed, no hard feelings.

Car t man:

Q3 Model S Deliveries: 7,560
Q3 Gross Margin: 26%

Nov 5th opening stock price: $201.00

I’ll be more realistic here:

Q3 Model S Deliveries: 6,300
Q3 Gross Margin: 21%

At this point there is no way to predict the stock price.

The gross margin is likely to be much lower than that. This is the Q which is ramping up to reach the economies of scale sufficient to compensate for losing the ZEV credits, and getting proper volume discounts from suppliers, etc. Don't expect to see 25% margins until the END of Q4.

Also, note that projecting 25% to Gen III production is not valid. TM has never committed to that, AFAIK.

Gross margin at 20%, 7400 ModelS delivered. Announcement of ModelX beta vehicle.

Q3 MS deliveries: 7,100
Q3 Gross Margin 22%
Nov 5th stock price high: 203. GUARANTEED!*

(*completely not guaranteed)

I can't see how Tesla could report more than 7,000 deliveries like you guys are predicting. If they were to smash their own estimate (5,500 I think) like that, they would have to give an heads up to the market first.

@Brian H
don't forget that gross margin is computed as average throught whole Q. So it is possible we will see 25% on paper without ZEV kredits in Q1 2014, but I still hope to see it in Q4 this year.

So my guess is:
Q3 MS deliveries: 6500-7000 (+ serious number of vehicles in transport)
Q3 gross margin: 20-22% (don't forget, it's average for whole quarter)

quote from Q2 letter: "We expect Q3 non-GAAP gross margin will remain in the low 20% range"

I really hope you guys are right, but I think you are setting yourself for disappointment. I hope you prove me wrong.

3 weeks to go, Solar City just announced that they will release their earnings on November 6th. Last time Tesla did it at the same time.

think the average weekly build number was ~650, so 12 weeks give you 7800 vehicles.

i'm guessing they will surprise on the margin, maybe hit the 25% early.

also progress on the model x would be great, maybe announce they will be able to start delivering in june 2014!

oh, by the way, with all the recent downgrades and sell ratings right before earnings, i'm thinking someone wants to get in before the stock goes nuts again after earnings report.

It’s the first time I hear of 650 cars in production a week. Where is it from?

@Fredlambert actually looks like most current figure is over 700 a week... but i'm using a conservative average. look for the VIN tracking by a owner on this board.

I often look a the VIN tracking by Craig and it's a great tool, but it's far from being an indicator of the production numbers and not even close to deliveries.

It doesn't account for clean VIN, loaners, cars for test drive and showrooms, cars with a VIN assigned but still not in prod, cars still in transit etc.

I want some of whatever you folks are smoking. That's some seriously powerfully puff...

Even if TM is assigning 1000 VIN a week it doesn't translate to 100% production for that week. You do realize there a 5 - 12 weeks lag from VIN issues to delivery to each buyer depending on the final destination.

TM would surpass expectation by 20% even if Q3 deliveries were 6000 units.

I'm sure that the stock price would be bid up to $200 before the Q3 earnings call. Just chill on the kool aid in the mean time...

Now it's official:

PALO ALTO, CA--(Marketwired - Oct 17, 2013) - Tesla Motors, Inc. (NASDAQ: TSLA) announced today that it will post its financial results for the third quarter ended September 30, 2013, after market close on Tuesday, November 5, 2013. At that time, Tesla will issue a brief advisory release via Marketwire containing a link to the third quarter 2013 Shareholder Letter, available on the company website. Tesla management will hold a live question & answer webcast at 2:30pm Pacific Standard Time (5:30pm Eastern Standard Time) to discuss the Company's financial and business results and outlook.

Sales Q3 6600
Gross Margin 14%

Stock will bounce over $200 the next session.

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