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Buy $TSLA for earnings in 2020, not Q1 2014.
by mikekij 12y ago
Buy $TSLA for earnings in 2020, not Q1 2014.
- deleted 12y ago[deleted]
- krelian 12y agoThey are already priced for their earnings in 2020. Buy them for their earning in 2050.
- plaguuuuuu 12y agoI'm buying them tomorrow to gambool, bc price will go back up Feels like buying bitcoin really
- hnnewguy 12y agoWell, this is implied, since if the price were based on Q1 2014 earnings the shares would be worth precisely zero. What are your earnings projections for 2020?
- pdq 12y agoActually Tesla would have to pay you to own the stock, since they lost money (negative earnings).
- jonknee 12y agoIt depends on the accounting method. > Q1 non-GAAP net income was $17 million, or $0.12 per share based on 140.2 million diluted shares, while Q1 GAAP net loss was $50 million or $(0.40) per share. It will also get more confusing soon thanks to the new lease program: > For leased vehicles, we will recognize lease revenue over the term of the lease in both our GAAP and non-GAAP financials. In contrast, automotive OEMs recognize full revenue for the price of the vehicle, even if that vehicle is eventually leased, because the vehicle is first sold to an independent dealer.
- sz4kerto 12y agoNon-GAAP is not an accounting method. GAAP is an accounting method (set of rules), non-GAAP says they have done something different.
- jonknee 12y agoNon-GAAP is certainly an accounting method. It's especially common for tech companies, because employee stock options are a big cost in GAAP even though the bank account balances don't change. Also in Tesla's case is their buyback guarantee which is popular in the US market. It's effectively a lease and under GAAP rules that means you don't recognize the full amount of revenue at the time of sale and instead have to do it month by month. That makes a giant difference in revenue recorded even though they have all the cash up front.