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...
Their solar business, which they purchased, has declined every year since the acquisition
Until now. "The company marked a 26% quarter-on-quarter increase in solar installations"
https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-...
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.
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.
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
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.
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.
Re:Tesla Financial Results 2019 Q4
by reitzensteinm on Thursday January 30, 2020 @03:42AM
(#22189877)
Can you please link me to this press release?
Press release for what?
Re:Tesla Financial Results 2019 Q4
by reitzensteinm on Thursday January 30, 2020 @02:38PM
(#22194632)
This: "Mercedes actually just put out a press release that said they can't build enough electric cars because they can't build enough batteries, because Tesla acquired the company they were going to use in 2016. "
Here's the original (in german)
https://teslamag.de/news/betriebsrat-tesla-ist-mitschuld-an-...
And translated
https://www.reddit.com/r/teslamotors/comments/euob34/the_cri...
Re:Tesla Financial Results 2019 Q4
by reitzensteinm on Thursday January 30, 2020 @11:26PM
(#22199048)
That's not a press release from Mercedes, and given that Mercedes denied the core allegation that production would be halved this year, I would probably give them the benefit of the doubt on the rest...
They also have the world's biggest charging network, storage solutions, solar solutions and produce more batteries than virtually everyone else combined. Mercedes actually just put out a press release that said they can't build enough electric cars because they can't build enough batteries, because Tesla acquired the company they were going to use in 2016. Evidently Mercedes have done exactly zero about that in the years since.
Of course Tesla also have the whole "self driving car" thing they've been working on for a while. If they crack that one in the next ~24 months, their valuation will easily top Toyota's, because they're worth so much more than just how many cars they can build.