I’m sure that’s WHY they delayed delivery.

However, by delaying delivery, they incurred the costs of the production in 2Q but recorded the revenues in 3Q. It would be pretty easy to add in other shifts of costs, too - including some cost delays into 4Q. All that could have made 2Q look artificially bad and 3Q…

I hate to have to do this again - but capital expenditures ARE NOT EXPENSED!

If you spend $1 million on production equipment to speed production, you don’t write off that $1 million in the quarter you spend it. You’re actually forbidden from doing so. You write off the cost over the expected life of the equipment.…

I’ll look - thanks for the suggestion.

However, I do suspect that the intentional delay of thousands of Model 3 deliveries from 2q to 3q could very well have affected this significantly - recording expenses in 2q but revenues in 3q.  Without that happening repeatedly, that can easily skew results.

After a quick glance at their report, I don’t see the huge shenanigans they’ve pulled in the past to claim a profit - if they can pull another quarter of this, I’ll gladly eat crow for my disbelief.

Or 2,940,000,000,000,000,000 Zimbabwean months.

Oh, please.  You’ll never find a more one-sided, put the blinders on, biased site than you’ll find with Electrek’s pro-Tesla stance.

And the sad thing is I agree with them that EVs are the future - but that bias, particularly in favor of Tesla and even against other EV makers, is annoying.  We can appreciate what Tesla has done while also admitting they’re a basket case when it comes to business fundamentals and awful at some basic fundamentals of…

Teardown shows the estimated cost of materials and production, but does a terrible job of accounting for variable overhead.

But nobody was.  The actual transaction prices were in the $55k range and they weren’t making a profit on them.

That’s a great theory, but their fixed costs have gone up in line with sales.  Even if all their OPex (much of which belongs in cost of revenue, but that’s another story) stays unchanged, and you assume *zero* gross profits from the Model 3 last quarter but add in 5k vehicles per week at a 20% gross margin (measured…

Actually, the cheapest way to get mulch around me is bagged. Local supplier has a sale every single year where you can get bagged at $27 per cubic yard (in 1 cu ft bags) - bulk is never cheaper than $30 anywhere... and if you need any significant amounts of gravel or sand, hell, just pay the delivery fee, because…

I can barely stand to read Electrek because of their extreme bias.

You don’t want to hit 700 mph on a 5 mile trip?  C’mon, you can hit that with only 1.25 g’s! :)

It’s not truly fair to compare the Model 3 directly to the 3 series, c-class, etc, on sales simply because there’s the lower cost of fuel after purchase, which brings some people up a bit on what they’re willing to pay on purchase price.

But I’m very skeptical that they can sustain any bump - simply because they…

If Donald had invested his inheritance in the S&P 500, he would have been much wealthier today.

That’s not successful expansion of a business. That’s being well below average.

EXACTLY.  None that I know of expect that the tariffs would last longer than it takes to replace Trump - so 2 to 6 years.  Neither are anywhere close enough to justify massive capital investment, so instead why not just ride on the higher profits?

Does it have quite the capacity of a truck?  No.  But close enough.  Lumber?  No problem.  Hell, even mulch?  Why not? Just put down a tarp and lay the bags on top of it.  

And like coal miners, there have been basically no increase in employment because of this... just lip service.

Yeah, like Canada.  Because those guys are so anti-American. :/

I’ve been through plenty of forestry operations. Your take isn’t accurate at all.

Hell, I’ve lived in my house for 15 years.  I’ve seen deer in my yard twice in that 15 years - but my yard is full of deer shit every day. :)