1/ My latest on Tesla:

"Tesla touted 139,300 deliveries, a new quarterly record for the electric vehicle maker, as a sign of strong demand and validation of its bulging valuation. However, a closer look at the numbers reveals a somewhat less flattering story."

$TSLA $TSLAQ https://twitter.com/gurufocus/status/1312474728494321665">https://twitter.com/gurufocus...

2/ Vehicles sitting unsold in inventory will weigh on profitability as the cost of manufacturing those vehicles is not recouped via sales during the quarter. That could prove problematic for Tesla& #39;s third-quarter earnings.

$TSLA $TSLAQ https://finance.yahoo.com/news/tesla-3rd-quarter-loss-still-202852065.html">https://finance.yahoo.com/news/tesl...

3/ Q3 also saw significant price cuts. Tesla reduced the price of its Model Y by $3k a mere 4 months after commencing deliveries. Price cuts so soon after a product release suggests that demand may be lower than hoped. $TSLA $TSLAQ

4/ Coming in at $594M, regulatory credit revenue actually exceeded the $448M brought in by auto sales in Q2. Without those credit sales, $TSLA would have reported a loss in excess of $300M. In other words, $TSLAQ wasn& #39;t able to make money selling cars. https://twitter.com/TESLAcharts/status/1286083711533015041">https://twitter.com/TESLAchar...

5/ According to Zack Kirkhorn, Q3 regulatory credit sales will be halved from Q2. Thus in a best-case scenario, $TSLA may report a modest uptick in incremental revenue from record deliveries, but such gains will likely be muted by inventory growth, price cuts & increased leasing.