3 ms·

Earnings, not revenue

by martindbp 4y ago

deleted 4y ago
[deleted]
algoatecorn 4y ago
What is your definition of earnings? Because Toyota's net income far exceeds Tesla's
- martindbp 4y ago
  My bad, not earnings, it was operating income: https://twitter.com/SawyerMerritt/status/1524254013025357824 https://twitter.com/SawyerMerritt/status/1524254013025357824
  - algoatecorn 4y ago
    No worries, but I'm not sure what notion you're trying to craft with that stat. Toyota had far more revenue and profit. Operating income was lower... so what? Tells me Toyota has been spending money to carve a huge chunk out of the EV sector. Maybe they are late. Maybe Tesla will show that it's current valuation holds. I doubt it.
- Closi 4y ago
  Earnings are profit (i.e. revenue less costs). https://www.investopedia.com/terms/e/earnings.asp https://www.investopedia.com/terms/e/earnings.asp
  - algoatecorn 4y ago
    Yes, correct. Aka net income. I was asking because the original commenter was claiming Tesla earnings were higher than Toyota which is far from true.
  - dragontamer 4y ago
    Net income is profits, also known as earnings. Gross income is just an intermediate-step in the way towards the bottom line (net and/or profits). Its strange that the earlier poster wants to talk about gross instead of net on this point. You can almost always tell that someone is being a bit shady with their arguments when they say "income" or "profits" and then backtrack it to say "Oh, I meant gross income". When you say "income" or "profits", everyone rightfully assumes you mean "net income", the bottom line. The most important number.
    - hef19898 4y ago
      Back tracking or showing a total lack of understanding of the difference.
- Closi 4y ago
  > Toyota's net income far exceeds Tesla's Far exceeds? It is only 5% higher so that's a bit of a stretch ($22.4bn vs $21.4bn). Plus Toyota had shrunk it's net income from 20/21 to 21/22, while it was a 116.86% increase for Tesla, so it would need an optimistic person to think that Tesla hasn't already overtaken in the last few months since 21/22 year end.
  - algoatecorn 4y ago
    I was responding to a comment which was referencing Q1 2022. Not sure if you missed that or intentionally chose annual figures to shift the goalposts, but either way I agree Tesla is trending toward sector domination and has the potential to prove its valuation as valid. Alas, that has not happened yet, and the market is more complex than net income trajectories. If you firmly believe Tesla will be the EV king in 10 years then so be it, but don't hold your breath.
    - LigmaYC 4y ago
      > I was responding to a comment which was referencing Q1 2022. There is nothing referencing Q1 2022 on this thread. > Alas, that has not happened yet, and the market is more complex than net income trajectories The comment you replied to didn't state that the market is simply net income trajectories.

Earnings, not revenue

deleted 4y ago

[deleted]

algoatecorn 4y ago

What is your definition of earnings? Because Toyota's net income far exceeds Tesla's

martindbp 4y ago
My bad, not earnings, it was operating income: https://twitter.com/SawyerMerritt/status/1524254013025357824 https://twitter.com/SawyerMerritt/status/1524254013025357824
- algoatecorn 4y ago
  No worries, but I'm not sure what notion you're trying to craft with that stat. Toyota had far more revenue and profit. Operating income was lower... so what? Tells me Toyota has been spending money to carve a huge chunk out of the EV sector. Maybe they are late. Maybe Tesla will show that it's current valuation holds. I doubt it.
Closi 4y ago
Earnings are profit (i.e. revenue less costs). https://www.investopedia.com/terms/e/earnings.asp https://www.investopedia.com/terms/e/earnings.asp
- algoatecorn 4y ago
  Yes, correct. Aka net income. I was asking because the original commenter was claiming Tesla earnings were higher than Toyota which is far from true.
- dragontamer 4y ago
  Net income is profits, also known as earnings. Gross income is just an intermediate-step in the way towards the bottom line (net and/or profits). Its strange that the earlier poster wants to talk about gross instead of net on this point. You can almost always tell that someone is being a bit shady with their arguments when they say "income" or "profits" and then backtrack it to say "Oh, I meant gross income". When you say "income" or "profits", everyone rightfully assumes you mean "net income", the bottom line. The most important number.
  - hef19898 4y ago
    Back tracking or showing a total lack of understanding of the difference.
Closi 4y ago
> Toyota's net income far exceeds Tesla's Far exceeds? It is only 5% higher so that's a bit of a stretch ($22.4bn vs $21.4bn). Plus Toyota had shrunk it's net income from 20/21 to 21/22, while it was a 116.86% increase for Tesla, so it would need an optimistic person to think that Tesla hasn't already overtaken in the last few months since 21/22 year end.
- algoatecorn 4y ago
  I was responding to a comment which was referencing Q1 2022. Not sure if you missed that or intentionally chose annual figures to shift the goalposts, but either way I agree Tesla is trending toward sector domination and has the potential to prove its valuation as valid. Alas, that has not happened yet, and the market is more complex than net income trajectories. If you firmly believe Tesla will be the EV king in 10 years then so be it, but don't hold your breath.
  - LigmaYC 4y ago
    > I was responding to a comment which was referencing Q1 2022. There is nothing referencing Q1 2022 on this thread. > Alas, that has not happened yet, and the market is more complex than net income trajectories The comment you replied to didn't state that the market is simply net income trajectories.