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People that are caught up on this "miss" obviously do not follow the guidance very closely. On the last conference call they repeatedly downplayed the importanc
by andrewtbham 9y ago
People that are caught up on this "miss" obviously do not follow the guidance very closely. On the last conference call they repeatedly downplayed the importance of the Q3 delivery guidance and repeatedly stated it would be difficult to predict and that there was a high degree of uncertainty. They repeated this ad nauseam.
Here is a sample:
>So, I would simply urge people to not get too caught up in what exactly falls within the exact calendar boundaries of a quarter, one quarter or the next, because when you have an exponentially growing production ramp, slight changes of a few weeks here or there can appear to have dramatic changes, but that is simply because of the arbitrary nature of when a quarter ends.
That is why there has been little stock movement despite this miss. Run rate at the end of Q4 is a different story. That is very important guidance.
https://seekingalpha.com/article/4094115-tesla-tsla-q2-2017-results-earnings-call-transcript https://seekingalpha.com/article/4094115-tesla-tsla-q2-2017-...
Also, another indication that this guy know anything about Tesla's goals or guidane... Tesla has repeatedly stated they are not going to increase Model S/X production beyond 25k per quarter. They think that's close to the total addressable market and it's costly to expand production beyond that.