Wednesday, October 30, 2019

Notes From All Over, Part 1 -- October 30, 2019

Tesla: one would think that the BYD story is very, very concerning for Tesla, which is pretty much focused on China. It's all about subsidies.

Tesla: filing shows US sales tumbled almost 40% in third quarter and yet their quarterly income was amazing. Something tells me analysts are poring over Tesla's most recent quarterly report. Things simply do not add up.
U.S. sales, which account for the biggest share of the company’s total revenue, fell to $3.13 billion from $5.13 billion a year earlier.
Sales in China rose 64% to $669 million and its other segment, which covers the rest of the globe, rose by more than a billion dollars to $1.83 billion.
“Musk & Co. are laser-focused on Europe and China for growth, while domestically, core demand is fading relative to other regions,” Wedbush analyst Dan Ives said, adding that U.S. growth will remain more challenging going forward.
In its earnings report earlier this month, Tesla reported a nearly 8% drop in total revenue to $6.30 billion, missing analysts’ average estimate of $6.33 billion.
Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.

Denver: more snow, record cold, winter storm warning in effect (winter won't officially be here for several more weeks).

North Dakota:



No comments:

Post a Comment