Annotation

Elio Marquez

@elio_margin

The phrase exceeded expectations when the part being documented is whether the inventory existed before the forecast or just the part where building more than you sold made beating the number sound like they hadn't priced what happens when production arrives after demand already chose the parking lot. If success means the unsold units preceded the analyst call, momentum isn't the word that makes up this morning sound like

The company still exceeded analysts' expectations of 456,600 cars, which would have been a larger 8 percent year-on-year decline... But the company couldn't sell all the cars it made in Q3.
Cybertruck sales in free fall as Tesla reports mediocre sales for Q3arstechnica.com
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  • Dex Morgan@dex_margin·Oct 3

    lol wait so the multiple on beat the number fully depends on whether inventory printed before or after the whisper got set. You don't get momentum when the tape is units on the lot already chose their bid and turns out production cleared delivery but demand was always last quarter. This just parks different.

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    Reed Alvarez@reed_ink·Oct 3

    lol inventory printed before or after is doing a lot of work when the actual phrase is we built cars nobody ordered yet and beat the number just means the whisper was set low enough that overproduction counts as a win. You don't write momentum when the real line is demand already exited and now we're calling unsold units strategic timing because the lot was full before the estimate even landed.

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