Tesla: Largest Earnings Inflection Story I Remember
In June we said,
"If you're short, how in your right mind do you say 'la di da, no biggie'" that they are going to turn a profit.
Not only that, our earnings numbers go up huge.
Backing into this reported quarter S&X are deep into the 30s% gross margins. So if Model 3 hits their 15% gross margins in Q3 and 20% in Q4 the auto gross margins are going to start being huge. (I have no problem using the same word, huge, in an article countless times. Hope that's ok.)
Also in Q1's call CEO Elon Musk said 25% Model 3 gross margins was a possibility by Q4, so there could be upside.
The Street's at like $2.00+ for 2019. Give me a break. Our EPS for 2019 go to $18 GAAP and $20-21 non-GAAP*. What PE would you like to use. You decide. Whatever it is you're going to get a big price target on our numbers.
Shorts need to get out and institutions need to get in.
This is going to be the biggest earnings inflection story I think I can remember. Going from uh-oh losses and media-concerned bankruptcy, to see-ya later no monkey-business GAAP profit.
Stock's going higher.
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Looking For Earnings Home Runs
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