My Tesla Earnings Per Share (EPS) Prediction For The 2nd Quarter Of 2018
I am making an earnings per share (EPS) prediction only for the Tesla automotive segment, excluding leasing, since I think Wall Street is way too negative on Tesla.
I am making an earnings per share (EPS) prediction only for the Tesla automotive segment, excluding leasing, since I think Wall Street is way too negative on Tesla.
In the last two articles (that I wrote exclusively for CleanTechnica), I explored Tesla’s break-even level and its cost of capital. On this occasion, I would like to explore Tesla’s cost of labor.
During Tesla’s last conference call, concerning the first quarter of 2018, Mr. Deepak Ahuja, Tesla’s Chief Financial Officer (CFO), while answering a question from Rod Lache, an analyst at Deutsche Bank Securities, Inc., said: “Rod, we are very CapEx-efficient, overall. Let me just start from that point. And if we look at our depreciation costs on a per unit basis at steady run rate of 5,000 or so cars per week, we are in my mind well below most of our competitors – well below $2,000 per unit depreciation cost.”
Tesla CEO Elon Musk announced several weeks back that Tesla’s leadership was working on a restructuring plan that would flatten the company hierarchy in an attempt to make the overall company more efficient. Today, he shared his full email to employees on Twitter, which detailed the first of many concrete actions Tesla is taking towards the new hierarchy. The headline heard around the world this week is that Tesla is letting 9% of its employees go. But let’s dig in further.
One of the more interesting revelations to come out of the 2018 Tesla Shareholder Meeting was updated information about Tesla’s current battery costs and projected reductions over the next 2 years.
Tesla is Very Close to Break-Even Point. We crunch the numbers.
Tesla had its annual shareholder meeting last night (or yesterday afternoon if you’re in California). As usual, there were a ton of great comments, new pieces of information about various Tesla details, and cool charts. Below are 10 highlights.
“Tesla bankwuptcy” would perhaps be better termed “shorts losing their shirts”
Business Insider decided to join the chorus of Tesla-bashing media. It did give the job to an excellent writer who had no idea what he was writing about, so it might have convinced others he was right who didn’t quite know what they were reading about. We can’t all be experts, but a real “insider” would not write this misinformed and misleading piece.
I just published a long piece on why I think Tesla CEO Elon Musk was so wrong in his reactionary, broad-brushed response to certain media coverage. But as a great reminder of what has been raising his blood pressure for months or years, the NYTimes coverage regurgitated the narratives that have pushed Elon over the edge — without putting them in proper context. Ugh. Do you have to do such a poor job responding to his criticisms when we need to convince Sir Elon to keep away from generic media bashing?