2/ Some analysts (including yours truly) were skeptical of $TSLA's ability to pull off a Q3 profit in light of the ongoing price cuts, massive payout to Elon Musk, a struggling global economy, etc. But $TSLAQ earnings are notoriously difficult to predict. https://finance.yahoo.com/news/tesla-3rd-quarter-loss-still-202852065.html
5/ Tesla's latest credit firesale is a repeat of Q2 when it sold a record $428M credits to show a $104M profit. Thus, over the past two quarters, Tesla has reported a combined net income of $435M. Stripping out credit sales, that profit turns to a loss of $390M. $TSLA $TSLAQ
7/ The Q3 result, while positive on its face, can't conceal the inescapable fact that $TSLA's core business, selling cars, isn't profitable. The credits sales conceal the ongoing operating losses. As @Andreas_Hopf says, $TSLAQ is GovernmentMotors™ https://twitter.com/Andreas_Hopf/status/1319037237934362624
8/ The expanding number of EV alternatives make $TSLA's strategy fundamentally unsustainable. The market for EV reg credits won't last forever. Eventually it will have to reckon with the fact that its operating business isn't working as advertised. $TSLAQ https://twitter.com/TESLAcharts/status/1286083711533015041
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