Did I say that? No. I said that the only way Tesla made it anywhere near being profitable Q1 was by hoarding their credits for the previous three quarters and then selling them en masse. I’m fine with the credit system in general, but Tesla’s 1st quarter wasn’t anywhere near as good as people make it out to be if you…

I thought Nissan was going for the retro future vibe by still producing cars from 30 years ago?

Ok, we'll go back to 2019 if you want, and their $862mn loss for the year.

You need to look at the amortization, though. If a $30K car now lasts 200k miles, where a $20K car 10 years ago would last 150K...by the time you factor in inflation, the new car is clearly ahead.

Because they’re still not acting as a functional business?

Is it enough below the average selling price to be worth the effort of fixing everything wrong with it?

Fiero + body kit?

It’ll be named the alt-F4 series.

The driver was also offered a spot on NYPD’s traffic enforcement team.

A real off-roader would’ve immediately asked about the big red button on the top of the dash.

No one that’s honest with themselves will claim that they’re trying to save money by getting old bikes like this and restoring them.

The problem is that the valuation assumes continued growth at the pace they’ve been at for many years into the future, with no changes to the conditions that have permitted their expansion thus far. No existing base of EVs, no real competition from established marks, longest economic expansion in history, etc.

I just hope that, should this actually somehow also be a profitable quarter and they weasel their way into the S&P500, the drop happens before they get into my index funds.

He said “they make money by building cars.” “They” means Tesla. You cannot make cars without G&A functions, or in Tesla’s case, sales functions (which everyone else includes in COGS, incidentally.)

I do love me some securities fraud, I’ll give you that.

Ok, if you’re going to go back to his point, he’s still right on a TTM basis. An individual car may be profitable. “They” are not profitable, because “they” means the entire company, which in turn means net profits.

I went from teflon to stainless (some good-enough Calphalons,) and I actually find them somewhat easier to clean, so long as you keep them clean in the first place. Also keeps you honest with your heats, if they’re hard to clean it’s because the oil got too hot. Plus I don’t worry as much about scrubbing them.

Meanwhile, Tesla is up 3% because of a “leaked” letter from someone that has been sanctioned by the SEC for market manipulation. I’m not going to complain about people with short positions on this one.

You realize that every auto company is constantly recapitalizing their factories, right? Building the factories isn’t enough to explain Tesla losses, if it were, their current assets would be greater than the amount of cash pumped into the company. Last time I did the math (maybe a year, year and a half ago?) they…

I’m just saying positive gross profit is a meaninglessly low bar to clear, especially when they treat book-keep their sales network as G&A.