The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Fleccy, only got time today for a quick post. The page 5 results are 'unaudited'.
So they could adjust here and there when the audited results are announced in a month or two.
The market appears to be accepting them though as on the TV finance channels they're reporting Tesla disappoints by coming in under analysts' forecasts on net profit.
So, although that TTM algo calc Im fond of, was too pesimistic on Tesla'a potential net profit, it did highlight that Musk was going to fall seriously short of forecasts on net profit. Which he did.
However, that TV report did go on about the 50% increase expected in this current year Tesla has jiust embarked on, so my initial view is a hammering of the SP when they open @ 2:30pm might now be ameliorated now that 'jam tomorrow' mantra of the on air TV analyst is taking hold.
Yes brought back some memories my dad had a Brown one and an 1100 then upgraded to an Avenger ! I started with a Triumph 1300, things have improved since then to a brace of Audi’s, have to say have driven a Tesla for about an hour, could not fault it just a strange felling, lots of go with no noise. GLA
"Austin has announced a challenger."
Haha, I remember the Allegro. My first car was a Sierra, my Wife's was a mini Metro. I also remember family outings in the late 60's, and feeling car sick on long journeys, due to the smell from the heaters and cheap plastic seat coverings.
Tesla's investment enthusiasm is likely predicated on the driverless car software and batteries, but competition is ramping up and all car manufacturers are designing electric models. Quite a few companies are also involved in developing software for driverless cars too. Tesla investors need to weigh the competitive threats to the stock price.
Probably explains why Elon can out yesterday in support of Reddit action on GameStop .....
Don't fancy Tesla being pro shorted and attacked, if so ..... get Reddit RI to help him out .... lol
Austin has announced a challenger...
https://www.classicandsportscar.com/news/exclusive-austin-allegro-be-reborn-electric-classic
"No official full year results have yet been issued by Tesla, so all reports are based on the Q4 results."
Doesn't that link I've posted include the official Tesla FY 20 results?
It's heading is "Q4 and FY2020 update". The full year figures are on page 5.
https://tesla-cdn.thron.com/static/78Z2ZX_2020_Q4_Quarterly_Update_Deck_SMXBZX.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q4-2020-Update.pdf%22
" Net Profit $721 Million"
-------------
Final post before turning in. No official full year results have yet been issued by Tesla, so all reports are based on the Q4 results. So don't quite trust differing valuations from varying sources as the full year has reported v adjusted etc., etc., and tax adjustments here there and everywhere.
But if that $721m Net Profit is on the mark, then it supports the TTM calculations that revealed Musk was over egging the forecasts for profits as that's massively down on the forecast of $2.4bn net profit and off the top of my head would result in a company getting hammered for misdirecting the markets.
So, see what comes out in the wash after 2:30pm tomorrow. I expect the TV US finance channels will have some advance guidance before their markets open.
What can't be underestimated will be the sheer relief that at long last Tesla can deliver profits.
Thanks for the additional data Fleccy. The main takeaway here is what the US market will make of this in its new market SP valuation of Tesla.
The report I read said released after hours so I'm assuming US markets had closed before hearing of the update. After all these years Tesla has finally moved into making a profit. Simply Wall Street have the SP down as well over 500% over valued. They run 24 hours behind the release of all updates; I like their discounted cashflow method of SP value calculation so am keen to see what they come up with on the new results.
Tesla closed 2% down today. I assume that was without sight of these results. So, again, interesting what US markets will make of valuing Tesla stock after these results.
If the profits and revenue are deemed to be to their satisfaction it's next years forecasts that will prove whether the market is going to rerate Tesla stock differently as revenue is forecast to be up 50% on the results just achieved with net profit being at least double that produced in these results.
Makes it more difficult to write Tesla off as a no-hope'r but with some real profit to show now, the name of the game for Tesla will be what new alue will the markets ascribe to Tesla now that they know the real profit it's producing as we don't yet know if it pleases or dissatisfies the markets tonight.
Must be great to have a ridiculously high share price. I see they raise cash & cash equivalents to $19.4 Billion in Q4 with a capital raise of $5 Billion at $632 a share and "free cash flow of $1.9B, partially offset by early debt repayments". The Cash increased from $6.268 Billion at the end of 2019, to $19.4 Billion at the end of 2020. Just goes to show what a sky high share price can do for a company's finances, even though the share price seems to bear no relation to the companies earnings, someone's having a laugh.
Just to add to my last post, they published two Net Profit figures:
GAAP $721 Million
Non GAAP $2,455 Billion
I quoted the GAAP figure in my last post, as that that conforms to generally accepted accounting principles. It also mentions an adjustment for the 5 for one stock split in August to reflect prior years profit/loss, but not really relevant unless you're looking at other sources to compare results. I'm assuming I've quoted the correct Net Profit, as it has it as Net Income attributable to common stock holders,
Full year revenue is $31.536 Billion, Net Profit $721 Million. BT beat Tesla on Net Profit and around the same Revenue on last years full year earnings.
BT is valued at $17.85 Billion whereas Tesla is valued at $819.14 Billion, just short of 46 times BT's value. What's wrong with this picture?
https://tesla-cdn.thron.com/static/78Z2ZX_2020_Q4_Quarterly_Update_Deck_SMXBZX.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q4-2020-Update.pdf%22
Just had some unsolicited US Tesla stuff float past my phone screen.
Looks like Tesla's Q4 results have just come out today.
Tesla have beaten forecasts for Q4 revenue with $10.74bn achieved against a forecast of $10.47bn.
No Net Profit reveal until the full trading report in a month or so, but EPS is down about a fifth against the forecast
(I posted that the TTM calc was suggesting only 1/5th in net profit would be achieved, so I was way out, but EPS is still down on forecast) so likely full net profit will be down for the year against forecasts.
Don't have enough data to reverse engineer a full net profit from the EPS.
But looks like Tesla have for the first time ever, made personal history having tonight, just moved into becoming a profit making company.
- Check out their SP tomorrow after 2:30pm.