Tesla ENERGY Sales SHOCKS and Changes Everything | Matt Smith
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- Опубліковано 29 лип 2024
- Matt Smith is an Equity Analyst at Halter Ferguson Financial.
Follow Matt on X: @MatchasmMatt
Halter Ferguson www.hffinancial.com/
Rebellionaire rebellionaire.com
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#Tesla #TSLA #stock #ElonMusk #investing #teslabot #technology #ai #TeslaNews #TeslaFSD #teslastockanalysis #TeslaUpdate #ElonMuskNews #EV #FSD - Наука та технологія
BEST SHOW EVER!!! I do have one request though. Please Herbert, let the conversation go deep when the substance is so significant. We talk about Tesla in all the other aspects so often but it is very very rare to hit a grand slam of a point with two authorities debating back-and-forth. This episode was absolute GOLD!!!!
Herbert did brilliantly here to be quiet when matt and Larry were unravelling the details. Larry and Matr excellent too, both learning from each other rather than trying to win the discussion. One of the best episodes I've watched and I watch them all.
I agree.
What a beautiful exchange. This is what our country needs more of. Debate in service to the Truth.
What a Show. Larry is Gold ❤
Don’t sleep on Lemonade Matt.
Amazing is Larry!!!
Matt: Well if that's true we'll get 30-40% gross margins...
Larry: welcome to my world
😂😂😂
Thank you Herbert for allowing and enabling the beautiful deep dive with Larry! Super important! Thank you!!!
Larry Goldberg is gold, and he has wisdom gained from intelligence and experience.
I appreciate every well-considered word he utters, preferring that to a rapid-fire torrent of filler words.
I’m a cpa. Larry is correct on cost of good is not reserved.
I've been a controller and cfo for 25 years and I agree...Larry is right. The only caveat is performance miss costs, if any, would be recognized and reduce the GP $"s from the reserve recognition.
@@gregoryhyder118Accounting is magic 😂
You weren’t losing your audience during the discussion about reserved revenue etc and cost of goods etc - it was very interesting. There is after all a right answer.
I enjoyed
Larry and Matt are two fantastic guests. Excellent analysis by both. Love how Larry isn’t intimidated by Matt’s big brain and youth 😂. Quality of the content in this channel is outstanding. Thanks Herbert.
THAT WAS EPIC!!! I finally understand Larry. It took Matt's hard headedness to push him to explain it in more simple terms, but wow, I finally see the genius in Larry. Loved the deep dive, Herbert. That's what makes us brighter. Great job, guys.
Agreed! Thanks to all of you! I I can't believe i've been riveted by a conversation about accounting, but I was, ha! Larry's accent is lovely to listen to as well.
Great show love Matt and Larry debating, don’t completely understand but still love listening to them.
Super exciting that megapack factories ramp so quickly. They sound like money printers over the next decades.
I love when the light bulb went off for Matt. What a G!
Thank you Herbert for allowing and enabling the beautiful deep dive with Larry! Super important! Thank you!!!
I'd agree with Larry. In construction, recognise cash. The 20% hold back is pure profit. No assets on the books.
The 20% is often paid in tranches. Half after 1 year. 25% after 2, and 25% at end of 3 years.
This was my favorite video I’ve seen on your channel. Matt and Larry are cooking. Larry is still sharp as hell ran circles around Matt with accounting knowledge!!!
Bravo Herbert. You're a great moderator/host. You have a deep understanding of Telsa, but respected the convo/debate btwn Matt and Larry. I find so many hosts feel the need to interject to sound smart. Thank you.
Larry and Matt, well done on educating us and making us that much smarter!
Very good point. I totally agree. This is why long format is great and why I can't stand CNBC.
When Larry Speaks.... We Should Listen. Thanks, Matt, Herbert, Larry!
Wow, what a great debate. Larry, you are the GOAT! Accounting 101 in a megapack world!
Well played gents, a good old fashioned debate, I learnt more from this than a one way conversation . Hat off to you .
This conversation is FIRE. Thank you, all!
I work in the power industry and we supplied 50mw to power Kennedy airport in NY this is huge tesla sold 9.5 giga watts that like 190x the power of that it’s amazing and unbelievable 🎉 party time for tesla investors
Lol I actually really enjoyed the tax discussion. Props to Larry for being patient with Matt.
Briilian show - bit technical but Larry and Matt proved their expertise
The undelivered element will be service etc on the megapacks ..Gary is correct . The main cost which is battery etc is recognized in full upon delivery , the ..service cost will be cost of people services the site ..it’s not pure GM for the undelivered element but should be high margin ..
That was an awesome discussion between Larry and Matt💯
Wow!!! Very bright!!! Holy moly i was excited about energy now i am static!!!!
Not painful at all guys, this was great. Loved it,
Thanks for keeping us buds got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k capital..
Christen wilburn was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from christen wilburn.
I will leave her info below this comment
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@wilburn77a
She has been the secret of my success ever since I lost my job. She is very good on that. Thank God I met her at the right time. Now I have a house of my own and other valuables.
The margins and potential profits are mind blowing. 🎉. Most excellent discussions as always. 😊 Ty Herbert
Great discussion. All sides had insights and the push back showed an actual conversation and debate.
Larry is right regarding recognition. Performance obligation has nothing to do with units being deployed in the past.
LARRY IS A G! Hahahaha love this dude! Matt ur great too, hearing you both go back and forth was awesome and hilarious at the same time. So much valuable info in this video, both Larry and Matt are very well spoken and smart dudes. Thanks for putting it all together Herbert, ur work is amazing
Tesla business has so much depth to it ,its ridicilous! There a numerous facets from the company to montize any service that have. NOT just a car company!!!
Cost go on the books as they occur. Holdbacks for lien accounts and performance are not recognized as revenue until received.
Herbert, margin is represented as a percentage. Gross profit or net income would be a dollar amount, not margin.
There's not anything basic about any kind of accounting to me! Great job, guys!!
True. Accounting is magic at this point .
This is amazing. Top notch discussion 👍
Great discussion!!! Love it.
Great show thanks Larry and Matt.
Larry is Tesla Yoda
Good one Herbert. Let them run 👍 I'm loving the split screen. Sweet.
The Tesla powerwall is also my favorite of all powerwalls. It's just so much better than the rest
$1 billion in gross margin from energy in Q2 alone? I’m up to my eyeballs in TSLA but I just might buy more calls tomorrow morning. Can’t believe how info packed this episode was.
Not painful. Brilliant chat. This is what we are here for!
Herbert did excellent to let them speak but then to also summarise and focus them. I was so lost! But it is clear even to me how significant these calculations are.
How good is Larry
Epic! ❤
Thanks to Herbert, Larry, and Matt. Very enlightening.
Larry is correct about the accounting. The challenge is that under a period of hypergrowth, the amounts getting deferred will be greater than the portion of the deferred revenue recognized each quarter. The outstanding amount will continue to grow.
are you sure ? I don't remember this is my CFA studies..
such a good video 👍
Excellent topic, conversation.
The newer data centers use much less energy than previous technology by a margin of 90%.
Great content. Thank You!
GREAT PANEL💪❤
Great discussion Guys, thank you.🤓
What impact does the plug and play mega pack have on the grid operators? They no longer have to develop substations so only distribution becomes their part of the planning.
Most analysts have no sense of value what a GW of energy is....without thinking hard. it will be a while before Wall Street and commentators begin to recognize its revenue value. let alone the ompact on EBITDA.
Really appreciated the detailed discussion and explanation of accounting and grid connection issues.
Thank you for going Full Nerd on us, that was great. Exited to see the real numbers in a few weeks. If Larry has it right, the next years will blow up!
This week is so beautiful
Great to go so in-depth, thanks for the insight gents!
What does this do for the q2 bottom line?
I enjoyed that really deep dive into the accounting!
Omg, what a great chat, thank you Larry, Matt and Herbert, awesome debate, thank you for allowing this great chat wow
San Antonio is listening. :) Have owned Tesla for a few years.
Amazing analysis from Matt and Larry. I had this on in the background and ended up watching it with rapt attention. That grid survey and approval process is a real problem that I don’t think a lot of people realize as Matt mentioned.
I'm loving this!!!
Thanks!
This was Tha, very insightful information thank you for the great discussion
Given the demand for static storage - I am wondering why Tesla is not looking at starting a 3rd factory somewhere in Europe?
Beautiful debste.. beautiful show:)
I don't understand why investor relations can't be contacted to clarify this accounting confusion
We need to do this again once we have a clearer understanding of what’s right
AC or DC Electric Power Transmission - YOUR BOTH RIGHT!! Larry and Matt! But there’s more:
> In THE BEGENNING of electric power proliferation (100+ yrs ago), Thomas Edison and Nicola Tesla had different ideas. It worked out that Tesla’s long distance power transmission by AC worked with manufacturing capabilities at the time, and Edison’s attempt to use DC required a DC generator every TWO miles; that didn’t work well at all. Tesla clearly understood the physics while Edison didn’t. But, Edison understood business, and Tesla didn’t.
> WHEN did extremely long distance electrical power transmission by HVDC (HIGH VOLTAGE DC) become practical: the 1970s. Practical conversion of power between AC and DC became possible with the development of power electronics devices such as mercury-arc valves and, starting in the 1970s, power semiconductor devices including thyristors, integrated gate-commutated thyristors(IGCTs), MOS-controlled thyristors (MCTs) and insulated-gate bipolar transistors (IGBT).
> INTERCONTINENTAL connections become possible - Most HVDC links use voltages between 100 kV and 800 kV. However, a 1,100 kV (1.1 megavolts) link in China was completed in 2019 over a distance of 3,300 km (2,100 mi) with a power capacity of 12 GW. With this dimension, intercontinental connections become possible which could help to deal with the fluctuations of wind power and photovoltaics. BINGO!!
> I’m thinking Larry just finished a biography of Edison (which influenced me to be hearing an Audible on same myself). I identify with Larry getting tongue tied on the subject (now it depends on HOW FAR - as for AC or DC). It’s come full circle, for around 300 miles (< 600 miles) old timer AC has been the way forward. With way-off - off shore wind and distant solar (or earth bound atomic - most prefer the fusion reactor for free in the sky), going DC, has tremendous potential and earth saving value!
What a fantastic chat - you guys are the best - it’s going to rip again today 😊
Well worth the time they took to explain it. WOW!
47:30 I wish I could have heard more about our huge problem blocking progress on this stuff
Never a waste of time to clarify thoughts and positions so every one is on the same page and not misunderstanding! Sometimes that takes a min and several back and forths and to me thats MORE than fine, it's desirable, the more conversation required the more important the topic and the greater justification for talking it through, win win win.
A correction for larry regarding high tension power transmission.
High tension lines are three phase a c.
Thomas edison pushed c power, but it required a power station every few blocks in new york city.
Nikolai, Tesla and Edison collided.
The two kinds of electrical. Nikolai, T and Westinghouse built the first AC. Power plant at niagara falls.
That was a good accounting lesson, Larry and Matt should think about producing Tutorial videos , using Tesla as case examples
Does the margin calculation include the assumption that cell costs will drop dramatically?
Great question for the next quarterly earnings call to clarify.
Best show by far . I loved the accounting back and forth between Larry and Matt and I believe we all learned something very important today. To be honest I was on the camp where Matt was in regards to accounting recognition so this is bonkers . Thank you Larry for explaining this to all of us . This question should come up with Tesla to explain as I have a feeling Wall Street is also getting this wrong .
Recognizing Performance obligations is conditional. If Tesla fail to meet the condition, Tesla needs to pay back the buyer (the customer). So the accounting entry will be Debit Performance Obligation, Credit Accounts Payable (to the customer).
Best show yet ,
I hope Larry I correct about how the delayed contract payments are accounted .
As this would be a great bonus to the profits that along with energy growth could double the stock price going forward
For the energy problem there is the company Radiant is building mini micro portable nuclear plants, can be installed and connected to grid in a few days. Can also be turned off and on at will. Private company no IPO yet.
Love the going into the weeds
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
she's mostly on Telegrams, using the user name.
@Wiezorek105 💯 ..that's it
@41:00 this is where the Texas grid may have a big advantage in deploying solar/wind/BESS.
Awrsome content.
My bet is when they get a purchase order they schedule the building of the Megapacks which takes time. After built and shipped to site they probably can invoice for a portion and the remainder of the purchase order price is not paid until the Megapacks are installed and commissioned. this timeframe is likely very much driven by the specific contractors and location of site (politics). My bet is the po to being paid is about 6 to 24 months.
Larry Gold’s gold at timestamp 29:50 😂
Matching principle is not a requirement for recognizing revenue. Used to be, not anymore
The moment Matt said: we might loose half the audience..... made me more curious.
Will any of the institutions begin to assign substantial teams of analysts to coordinate automobile, tech, AI, robotics and electric storage expertise and reporting?
Conhecimento e vida
This "interconnect" issue... is it possible to create a new company to bypass these "archaic" processes and interconnects? Could a new company lay wire underground between grids and create an underground smart grid that can pop up from Boring tunnels into willing jurisdictions? What I'm saying is fixing the old grid is one thing but what if a new grid could be superimposed over the old one slowly piece by piece while upgrades are still done to the old grid in the conventional way. Capacity interconnect contracts could choose between the old process and the new process once there's a connection.
In this way the grid is "pulled" forward naturally instead of the tougher job of "pushing" from behind and converting it into a modern day smart grid. This is just a sketch of an inkling of an idea...
Keyword: Grid-Forming capability
- Tesla Megapack’s competitive advantage
Well, they both can’t be right……. How do we break the tie? Let’s get GJ in here.
This has been one thesis of why i invest in Tesla. I feel confident i will make multiples on my investment on the energy business alone. And to think Robotaxi and Bots are a pure option play???? (Gravy:).. truly amazing. Imo this energy news derisks the stock. Great show Herbert.
Herbert is the real steadfast bill.