Name: Tesla Earnings Call - Q2 2018 Financial Results and Q&A Webcast [LIVE]
Uploaded: 2018-09-18T14:44:03.000Z
Duration: 1 h 46 min 39 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Gerund

Hello, everyone, thank you for joining me here today.

I'll be your kind of post moderator, Ben Sullins.

For everyone else that does know, that is in Crowdcast.

I do have, we will be restreaming the broadcast,

once it begins, which is set for 2:00, 12:00,

So, when that happens you know that's where,

and I'll kind of be quiet during the duration of that,

but Tesla just did release the new update letter.

through some of those talking points with you real quick.

First and foremost let me just take a look and see,

There it is, okay, Tesla second quarter update 2018,

Q2 automotive gross margin increased to 20 percent

20.6 percent GAAP and 21 percent non GAAP.

because that is where, how they're gonna actually end up

so that's good, that's the direction that we want

expecting to produce 50 to 55,000 Model 3s in Q3.

They did a major cost restructuring in Q2,

and they're expecting to grow in Q3 and Q4.

So, remember that's the big equation right?

If you run out of cash that's where things will go bad.

So you can, you know you can be taking on date.

You can be spending and expanding your business,

as long as you still have cash in the bank,

which you're getting from either financing operations,

or you know divesting some of your assets,

So, the last bullet on the update was a CAPEX projection

in 2018 adjusted to less than $2.5 billion,

meaning that they're gonna be spending less money

So, some other notes that I thought were interesting.

The Model 3 according to their letter here

it outsold all other mid-size premium sedans combined,

accounting for 52 percent of the segment overall.

Based on trade ins they've received so far,

they can see that the total addressable market

We are drawing customers from many other segments

including non premium sedans and hatchbacks.

because I think that is extremely interesting,

because what I think, what you're gonna see,

is you're gonna see a lot of people that weren't BMW

or premium car owners already coming into this space,

and you know this would be the most expensive one

They went on to talk about how some of the things,

and one of the things that they're talking about here

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Tesla Earnings Call - Q2 2018 Financial Results and Q&A Webcast [LIVE]

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