Charlie Grant

speaker

422 appearances 10 recordings 1 series first heard Jul 2017 last heard Apr 2024

Charlie Grant’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Telsa's Earnings: Grounding SpaceX Rocket Enthusiasm? · 9 Feb 2018 podcast

Normally, that would be occasion for a stock to go up when you beat the estimate, but Tesla voice-verified

There was a bit of an asterisk there with Tesla's estimate. voice-verified

A year ago, these same analysts were expecting a loss of just 17 cents a share. voice-verified

So it's not the good progress that you might have otherwise thought. voice-verified

So it sounds good, but... Yeah, there's a little fine print attached. voice-verified

Yeah. voice-verified

This number was much better. voice-verified

Free cash outflow was $277 million. voice-verified

That's significant, but the last two quarters, it was more like a billion dollars. voice-verified

We'll have to see if that's an improvement in the business or that just a few one-time events were working in their favor. voice-verified

Well, basically, Tesla set a record for deliveries in the fourth quarter, and it was their worst automotive gross margin performance in quite some time, just 13.8%. voice-verified

And a year ago, we were talking 22%, 23%. voice-verified

Yeah, yeah. voice-verified

So very, very significant change. voice-verified

And Tesla's, of course, losing a lot of money while selling $100,000 cars. voice-verified

And the Model 3, which is the car that everyone's so excited about, it's supposed to be selling for much less than that. voice-verified

So if you can't generate a decent margin at a much higher price point, making it work with a cheaper car, I'm scratching my head on how that exactly is going to happen. voice-verified

That's right. voice-verified

I mean, Tesla is the leader in electric cars. voice-verified

And I think the big auto makers that, you know, are more traditional players have gotten serious about electric cars because of Elon Musk. voice-verified

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