Earnings Call - Supply chain shortages were noted as one of the big impediments to the Tesla Robots scaling in production. Contributing to the price decline in TSLA today.
I do think he is a genius in many ways. I think certainly in various aspects of engineering, or running a company, pushing people to extreme effort and results and of course his marketing genius as I already mentioned. I also think he has a habit of overpromising. This arenât mutually exclusive ideas. Heâs a complex figure. There is room for plenty of nuance.
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Sure. And Tesla is valued at 20x. Should we not have twenty fold expectations as a result? Or if not 20x something in that ballpark?
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I never truly know
They have talked plenty about how the actuators are the real snarl in the supply chain and itâs not easily solved either due to the fact they have to create these things from scratch and then fabricate them at scale either on their own or find manufacturing partners they can have deliver on those specs
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Indeed and agreed
I wouldnât do that, GM likely to file for bankruptcy again, get bailed out, move manufacturing to cheaper overseas labor markets, cut pensions of retirees that were not allowed membership in the union and f*** their share holders. Company should have been liquidated and dissolved in 2010. The âHeartbeat of Americaâsâ highest ranked product of the most American made as a percent of the overall cost of production comes in at number 25. https://www.cars.com/american-made-index/
My grandfather graduated from GMI, climbed the ranks, became a plant manager, reinvested everything into the company and his 70,000 shares of GM stock that he amassed over a 42 year career at his death was worth exactly $0.
Sorry for the tangent and not meant to hijack the thread.
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That sucks. Feel so badly for him.
Wow. Terrible.
And thatâs why we canâ t have nice things.
I think Mary Barra is doing a great job right now. Previous GM management, of course, was riddled with bad decisions.
General Motors GM reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Better-than-expected adjusted EBITDA from North America and International segments led to the outperformance.
Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. Global wholesale volume rose to 990,000 vehicles from 974,000 a year earlier.
Adjusted earnings before interest and taxes increased 29.8% year over year to $3.94 billion. The adjusted EBIT margin expanded to 8.2% from 6.4%, reflecting stronger core operating performance.
The 3 year GM chart is looking pretty good.
I canât meme?
Itâs like cancer surgery, cut it out with margins. You were ok, just no reference to the other needed
SPCX down 5% today. I ended up rolling my PUT out a week and down to a strike of $112.
âSpaceX shares are fully valued even when taking into account an Elon âpremium,â says HSBCâ
Fair enough. I have no problem being collateral damage. I just wanted it on the record that I am still trying to be a good boy.
Bart Simpson is my impulse control mechanism.
Elon has always reminded me of Howard Hughes more than Edison or Tesla to be honest. And not the tissue box shoe version, the middle aged version.
As a guy who used to believe in Musk, I donât think the story holds anymore. I admire Muskâs ability to sort of drown out the noise and focus on the big goals. Its his strength. But IMO, the profits should be much larger at this point. The stock is selling on promise. Well, that story doesnât look nearly as good as it used to. Heâs been touting Robotaxis for how long now? He touted the Cyber Truck which bombed hugely. Now he is on to AI and all this. Electric car technology is becoming a mature market and he should be way ahead of the competition at this point. The problem with Musk from what I can see, is he inexplicably alienated his customer base which is educated/financially well off tree hugging liberals/environmentally conscious. And also European buyers which now hate him. Now maybe some of that gets replaced by those who like his politics, and Tesla Trucks etc., but they arenât exactly known for caring about the environment. It doesnât matter what side he is on, but as a business decision this was not smart. This guy has proven his naysayers wrong before, but this feels different. I am free to keep an open mind, but to me the crash and burn is inevitable. The stock is trading like 290x earnings vs a cash cow like Nvidia selling 30x earnings. The story can only do so much lifting. Who is to say Optimus is not the next Tesla Truck, you know?
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The Twitter thing really screwed his track record.
Am I the only one that thinks that AI is the most awesomely powerful technology of recent history but also merely an okay soon to be commoditized business model akin to PG&E or something like that? I use Claude five hours per day. I love it, though elements also terrify me moving forward. And yet despite how great I find it to be, it still feels like the underlying business is moving in that direction.
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Not wrong about PR strategy/image/market demographics.
I think the electric vehicle Market as a whole is probably the broader view looking at the slow adoption because again other than must nobody else is doing diddly s*** there without having the government directly subsidize their products and directly promote the product in their populace like China. Overtime the penetration rate will increase but by and large the people that are buying them for the standard electrical vehicle reasons to buy new playbook have done so and now they have to win over people that need a lot more time to get over range anxiety and supercharger and just basic mental and emotional inertia.
Maybe having a fleet of FSD Robo taxis will Prime that pump again when people seem zipping all over the place and realize they can be freed of the inconvenience of actually driving while still enjoying some of the perks of having their own vehicle.
Now how much does that change the valuation from a high growth to a mature outlook for that segment of the company? I feel like thatâs being priced in already. And as we see the future aspirational two or three sides of the company are not quite ready yet and the capex spend for them is punishing the actual profit-making side which is the same thing weâre seeing as SpaceX and the other AI companies.
Likely choppy water for another 6 months, but this I think is some of the reasoning behind the recent push for the emphasizing quarterly results as far as from a market reaction standpoint. While I donât agree that companies shouldnât be reporting every three months, a whole lot of the big picture gets lost in the what did you do last quarter and only last quarter type of mentality. I grew up in plenty of that in sales and Sales Management and running businesses where opportunities were lost and good people were lost or disenfranchised because it was always about the next short-term number and the account itself even when people were switched around out of it would progress more or less at the pace of that business not at the whims of our company trying to push numbers around to make monthly or quarterly goals.
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