access to my up-to-date NUMBER_TOKEN-year tesla stock price targets and even access my tesla evaluation model at the investor support level and above so check out the links in the pin comment below and thanks for your support gordon johnson is standing by here with us the ceo and founder glj race research and it's time to talk some tesla of course gordon what kind of bizarro world welcome back by the way uh mr johnson what kind of bizarro word are we living in were you the biggest bear on the street had like one of the most bullish revenue estimates for tesla and they nailed it i know you talked with us a little bit about this last time you said they're going to do at least what NUMBER_TOKEN and a half and they did it now i want to address this i know there's a large segment of the audience watching this channel who genuinely believe gordon johnson is an actual this is not true gordon is a very smart human however he certainly says things about tesla that are asinine extremely stupid incredibly foolish super dumb but gordon himself is no more on the question we have to ask ourselves is why is such a competent analyst so insanely negative on this company for those unaware gordon has been covering tesla stock for approximately a decade and has been a bear from day one some may argue gordon simply inflating his own estimate so that tesla will miss on his books based on where he expected them to be at maybe a way of stirring up more bearish commentary and they just keep beating even his own insane expectations but honestly i think gordon is just doing the best job that he can and actually knows how to run the numbers which is kind of a little bit of a troubling thing to consider given the fact that he's more accurate quarter after quarter than the wall street consensus estimates from the people who should in theory be rational reasonable unbiased intelligent and capable of getting the numbers pretty close when you've got an example somebody like gordon who has a negative narrative always something's going wrong with tesla the world's ending the competition's coming demand is collapsing in timbuktu on and on and on and on but even this strange tesla permabear is getting the numbers better than the people who don't have this insane perspective on the company that really is something to ponder yeah so if you look at what tesla sold incrementally in cars it was about NUMBER_TOKEN NUMBER_TOKEN more vehicles sold NUMBER_TOKEN NUMBER_TOKEN to qNUMBER_TOKEN you assume a NUMBER_TOKEN NUMBER_TOKEN average asp per car that means the revenue number at the very least the consensus estimate should have been NUMBER_TOKEN billion the consensus estimate was NUMBER_TOKEN billion we believe uh our sellside peers intentionally sandbag numbers to justify silly price targets so when tesla beats they can put out their notes and say tesla beat and everybody else can say it beat we had a number of NUMBER_TOKEN-NUMBER_TOKEN they did NUMBER_TOKEN-NUMBER_TOKEN however we had a non-gaap eps number of NUMBER_TOKEN they did about NUMBER_TOKEN so they missed on that number here's what's key they sold NUMBER_TOKEN for their their deliveries were up NUMBER_TOKEN sequentially NUMBER_TOKEN sequentially yet their gross margins were essentially flat at this point in time while gordon is painting a ridiculous absurd and fictional negative
START_SPONSOR_TOKEN access to my up-to-date NUMBER_TOKEN-year tesla stock price targets and even access my tesla evaluation model at the investor support level and above so check out the links in the pin comment below and thanks for your support END_SPONSOR_TOKEN