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0 pointsxkjkls6y ago0 comments

How much of their revenue comes from not making cars?

0 comments

grecy6y ago

Good point. Right now it's not much, but I think the valuation is based on the speculation that it could soon be a lot.

Right now revenue from energy storage resembles Tesla's auto business in 2013[1].. so if it grows at the same rate...

[1] https://twitter.com/kerooke/status/1222637828741439488

xkjklsOP6y ago

Their solar business, which they purchased, has declined every year since the acquisition

jlbooker6y ago

Until now. "The company marked a 26% quarter-on-quarter increase in solar installations"

https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-...

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nickik6y ago

What is important is that they can make money from selling lots of electric cars. While the other companies get horrifying margin on their electric car and they have no clue how to make money with them.

xkjklsOP6y ago

Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it incinerates capital

nickik6y ago

They lost that money because they had to repay massive amount of debt early in the year. They did that successfully and once that debt was payed they were profitable.

What matters is that they produce lots of cars and the cars have a better then expected profit margin, focusing on anything else is simply foolish.

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grecy6y ago

Good point. Right now it's not much, but I think the valuation is based on the speculation that it could soon be a lot.

Right now revenue from energy storage resembles Tesla's auto business in 2013[1].. so if it grows at the same rate...

[1] https://twitter.com/kerooke/status/1222637828741439488

xkjklsOP6y ago

Their solar business, which they purchased, has declined every year since the acquisition

jlbooker6y ago

Until now. "The company marked a 26% quarter-on-quarter increase in solar installations"

https://cleantechnica.com/2020/01/29/tesla-energy-lifts-off-...

1 more reply

nickik6y ago

xkjklsOP6y ago

Can they? They had a loss of $800 million in 2019, and that’s with over $500 million in regulatory credit sales boosting that. The EV market still seems like it incinerates capital

nickik6y ago

They lost that money because they had to repay massive amount of debt early in the year. They did that successfully and once that debt was payed they were profitable.

What matters is that they produce lots of cars and the cars have a better then expected profit margin, focusing on anything else is simply foolish.

1 more reply

j / k navigate · click thread line to collapse