Episode 169: Tesla Is Profitable!
Ride the Lightning: Tesla and EV Podcast
Ryan McCaffrey
4.7 • 1K Ratings
🗓️ 28 October 2018
⏱️ 106 minutes
🧾️ Download transcript
Summary
Highlights and analysis from Tesla's critical Q3 earnings call. They were profitable, and not only that they blew away Wall Street's expectations. Plus: some end-of-week kerfuffle about the pricing on the Performance Model 3. Tons to talk about this week!
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Transcript
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| 0:00.0 | On this week's episode, a ride the lightning to Tesla unofficial podcast, I've got highlights and analysis from |
| 0:05.4 | Tesla's critical Q3 earnings call. Yes, they were profitable and not only that, they blew away Wall Street's expectations. |
| 0:14.0 | Plus, some end-of-week kerfuffle about the pricing on the performance model three, |
| 0:19.5 | let's talk about all of it. Well, howdy friends, I'm Ryan McCaffrey. This is Ride the Lightning, the Tesla unofficial |
| 0:46.2 | podcast. For October 28, 2018, it's episode 169. Got Daisy the Boxer Puppy on my left. |
| 0:52.4 | She is happily gnawing away on a bone, some sort of animal bone, I forget it's got some good mileage out of it. |
| 0:59.0 | Anyway, I don't want to mess around because this has absolutely been a bonkers week of |
| 1:04.1 | Tesla activity culminating here minutes before I sat down to record a whole as |
| 1:11.2 | I said in the top opener a kerfuffle about the pricing of the |
| 1:15.4 | performance model three. There's been a change there that may be of interest to |
| 1:19.6 | some of you who've been on the fence about whether to go dual motor model three if you've |
| 1:23.2 | been interested in that or maybe the performance three talk about that in a bit but |
| 1:27.9 | first lots more to get to the Q3 results were indeed announced and then boom it just happened like usually |
| 1:35.7 | Tesla gives about a one month notice they'll announce the date for their earnings |
| 1:40.6 | about a month in advance that did did not happen here. They announced |
| 1:44.3 | it about two days in advance. I announced it on Monday and then holding the earnings |
| 1:49.3 | call on a Wednesday. And as you may have heard by now they are indeed profitable they did it they achieved their big goal the first of many big quarterly profitability goals but they they really they just were in a position they they had to do |
| 2:04.6 | this so happy for them that they did and not only that as they mentioned at the top they greatly |
| 2:10.3 | surpassed Wall Street's expectations to boot. |
| 2:14.2 | But before I get into that, I want to just play a quick PSA for everyone from Jonathan |
| 2:20.4 | in Atlanta regarding the Dash Cam functionality. |
| 2:23.6 | This is definitely of interest to anybody out there with a Tesla. |
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