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How much of their revenue comes from not making cars?

by xkjkls 7y ago

grecy 7y ago
Good point. Right now it's not much, but I think the valuation is based on the speculation that it could soon be a lot. Right now revenue from energy storage resembles Tesla's auto business in 2013[1].. so if it grows at the same rate... [1] https://twitter.com/kerooke/status/1222637828741439488 https://twitter.com/kerooke/status/1222637828741439488
- xkjkls 7y ago
  Their solar business, which they purchased, has declined every year since the acquisition
  - jlbooker 7y ago
    Until now. "The company marked a 26% quarter-on-quarter increase in solar installations" https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-with-26-qoq-increase-in-solar-136-yoy-increase-in-storage/ https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-...
    - xkjkls 7y ago
      QoQ. They still showed a YoY decline for 2019. And that's in a market that's been expanding, so they've significantly lost market share.
nickik 7y ago
What is important is that they can make money from selling lots of electric cars. While the other companies get horrifying margin on their electric car and they have no clue how to make money with them.
- xkjkls 7y ago
  Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it incinerates capital
  - nickik 7y ago
    They lost that money because they had to repay massive amount of debt early in the year. They did that successfully and once that debt was payed they were profitable. What matters is that they produce lots of cars and the cars have a better then expected profit margin, focusing on anything else is simply foolish.
    - xkjkls 7y ago
      No, that’s GAAP loss, so that doesn’t include any debt repayments. That’s what the business generated. And they produced the most cars they ever did and still lost money for the tenth consecutive year, in a year where the expectations given from Wall Street and the company were to make money.

How much of their revenue comes from not making cars?

by xkjkls 7y ago

How much of their revenue comes from not making cars?

Good point. Right now it's not much, but I think the valuation is based on the speculation that it could soon be a lot. Right now revenue from energy storage resembles Tesla's auto business in 2013[1].. so if it grows at the same rate... [1] https://twitter.com/kerooke/status/1222637828741439488 https://twitter.com/kerooke/status/1222637828741439488

xkjkls 7y ago
Their solar business, which they purchased, has declined every year since the acquisition
- jlbooker 7y ago
  Until now. "The company marked a 26% quarter-on-quarter increase in solar installations" https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-with-26-qoq-increase-in-solar-136-yoy-increase-in-storage/ https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-...
  - xkjkls 7y ago
    QoQ. They still showed a YoY decline for 2019. And that's in a market that's been expanding, so they've significantly lost market share.

nickik 7y ago

What is important is that they can make money from selling lots of electric cars. While the other companies get horrifying margin on their electric car and they have no clue how to make money with them.

xkjkls 7y ago
Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it incinerates capital
- nickik 7y ago
  They lost that money because they had to repay massive amount of debt early in the year. They did that successfully and once that debt was payed they were profitable. What matters is that they produce lots of cars and the cars have a better then expected profit margin, focusing on anything else is simply foolish.
  - xkjkls 7y ago
    No, that’s GAAP loss, so that doesn’t include any debt repayments. That’s what the business generated. And they produced the most cars they ever did and still lost money for the tenth consecutive year, in a year where the expectations given from Wall Street and the company were to make money.