Tag Archives: Track
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(Reuters) – Twitter Inc (TWTR.N) on Thursday made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of U.S. regulation over the lack of disclosure on such spending.
The microblogging site launched ‘Ads Transparency Center’ to allow anyone to view ads that have been put on Twitter, with greater transparency about U.S. federal election campaign ads.
The tool follows Twitter’s recently launched political campaign ads policy and a similar move by Facebook Inc (FB.O), which started a searchable archive of U.S. political ads last month.
Facebook said on Thursday it would go even further by enabling users to see listings of all active ad campaigns, whether the advertiser is political in nature or not. Users can also view a log of name changes to a Facebook page.
The features should help people spot misuse of Facebook, it added.
Twitter’s ads center gives users access to details such as demographic targeting data for the ads from U.S. political advertisers, along with billing information, ad spending, and impression data per Tweet.
“We are making it clearer than ever who is advertising U.S. federal political campaign content on Twitter,” Twitter said in a blog post.
The transparency center will include all advertisers on Twitter globally, but at this stage only U.S. federal election campaign ads that fall under its new policy will be shown.
Google has vowed to launch a similar transparency center for political ads on its services this summer. It declined to share additional details this week.
Reporting by Sonam Rai in Bengaluru and Paresh Dave in San Francisco; Editing by Bernard Orr and Richard Chang
The top three updates are on Model 3 production, Tesla’s cash flow, and Model 3 quality.
Model 3 production is at a burst rate of 2,000/week
After six months of delays, Model 3 production is finally on track:
In the past seven days, Tesla produced 2,020 Model 3 vehicles. In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles.
If this rate can indeed be sustained into April and even increased, then Tesla is just shy of its goal to produce 2,500 Model 3s/week by the end of March. Bloomberg’s independent model has production about a month behind that target. For Tesla, a month late is basically on time! Moreover, in light of this update, Tesla might only be a few weeks behind.
As always, it bears reminding that this is an arbitrary, self-imposed goal largely designed around motivating employees. It’s not required for any financial, competitive, or technological purpose. A line in the sand just has to be drawn somewhere.
Model 3. Photo by Carl Quinn.
Tesla says it doesn’t need to raise cash this year
Recent alarm about Tesla’s solvency seems to be misplaced:
Tesla continues to target a production rate of approximately 5,000 units per week in about three months, laying the groundwork for Q3 to have the long-sought ideal combination of high volume, good gross margin and strong positive operating cash flow. As a result, Tesla does not require an equity or debt raise this year, apart from standard credit lines.
Boom! That’s what I love to hear! Barring further delays, Tesla is about six months out from achieving massive positive cash flow from Model 3 sales. If targets are met, Model 3 will generate quarterly revenue on the order of $ 3.25 billion and quarterly gross profit on the order of $ 810 million. (That’s assuming a $ 50,000 ASP and 25% gross margin about a quarter after a 5,000/week production rate is achieved.) Previously, Tesla has guided that it will post sustained operating profits starting by the end of 2018, with a possibility of net profit before 2019 as well.
Based on my own review of the numbers, I think that Tesla’s cash “crunch” is being exaggerated. There are aspects of Tesla’s finances that are opaque to outsiders (such as the composition of accounts payable), however, so it is encouraging to get confirmation from Tesla on this. Here’s the basic math: As of the end of Q4 2017, Tesla had a cash balance of $ 3.37 billion. In Q4, it burned $ 277 million. At that rate of cash burn, it wouldn’t run out of cash until the beginning of 2021.
Several one-time factors contributed to cash burn for Q4 being so low, such as customer deposits for the Tesla Semi and next-gen Roadster. However, there were repeatable factors as well, perhaps most notably slowing discretionary capex. Tesla can slow expansionary spending to be in line with growth in revenue and gross profit. This makes particular sense when it comes to the sales, service, and charging infrastructure for the Model 3 fleet. We’ll have more hard data in about a month when Tesla releases its Q1 earnings.
The key here is the threshold beyond which Model 3 production goes from a net cash incinerator to a net cash generator. If all goes according to plan, by the end of this year, Tesla will likely have the ability to have positive free cash flow. However, that doesn’t seem to be the plan.
From the sounds of it, Tesla wants to finance capex for Model Y, Semi, Roadster, Solar Roof, Powerwall, Powerpack, and future products with debt and perhaps even equity, plus other sources of cash like customer deposits and securitizing leases. Note that Tesla says raising cash this year isn’t “required.” That doesn’t rule out raising discretionary cash to fund faster expansion.
Tesla has a total of $ 330 million in debt coming due in 2018. Given Tesla’s end of Q4 cash balance of $ 3.37 billion and ramping Model 3 production, $ 330 million is a manageable amount to repay. Heck, Tesla could probably wipe that debt away by collecting Model Y deposits. Because Elon Musk is a rock star.
Some convertible bonds to the tune of $ 920 million are set to mature in March 2019. The conversion price is $ 359.87. I can’t predict the ebb and flow of the markets, but it seems well within the realm of possibility that Tesla’s share price will exceed that $ 360 a year from now. If not, with approximately $ 810 million in quarterly gross profit from the Model 3, repayment will be no problem.
Tesla Semi. Photo by Korbitr.
Tesla’s internal data shows high Model 3 owner satisfaction
Finally, Tesla again shared internal survey data of Model 3 owners:
The quality of Model 3 coming out of production is at the highest level we have seen across all our products. This is reflected in the overwhelming delight experienced by our customers with their Model 3s. Our initial customer satisfaction score for Model 3 quality is above 93%, which is the highest score in Tesla’s history.
Although this is somewhat encouraging, Tesla is of course incentivized to present the Model 3 in the best possible light. Before I consider this matter settled, I want to see data from an independent source like Consumer Reports. Consumer Reports has yet to publish survey data on the Model 3. So, for now, we wait.
What is not particularly informative are anecdotes about Model 3 quality. If you, like me, believe in the Enlightenment values of science and logically rigorous thought, then you’ll agree that anecdotes plucked from large samples seldom reveal the truth and often mislead. Statistics reveal the truth. It is surprising and disconcerting to me that so much investment and media analysis — particularly of Tesla — seems to exist in a pre-scientific, pre-Enlightenment mode of thinking in which fact and conjecture are haphazardly mixed, cherry-picked anecdotes are held up as representative, and rumour and hearsay are credulously accepted. So much of what you’ll read and hear about Tesla is either essentially made up or grossly exaggerated because there is little to no application of Enlightenment criteria of truth.
The way I think about companies is to try to approximate as best I can the scientific method. Any way I can remove my own subjective bias is a relief. Hard data is always a breath of fresh air. So is any other empirical test that can serve to falsify an idea. Without scientific discipline, we will inevitably fool ourselves, and wander around in the darkness.
So, I don’t consider a photo of a Model 3 with egregious panel gaps to be informative. A photo of a Model 3 with seamless panels is equally uninformative. Ignore anecdotes. Find statistics. For now, we simply don’t know the level of quality of the Model 3.
Panic and doomsaying about Tesla may never stop entirely. However, it has taken another step toward demonstrating that it has a sustainable business model capable of long-term growth and profits. A year from now, we will probably be having a very different conversation about this company. I look forward to it.
Disclosure: I am/we are long TSLA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
By late January, most of us have abandoned our New Year’s resolutions. It’s a statistical fact. Resolutions can get a bad rap. The problem isn’t making resolutions, but rather the resolutions we make. They require too much growth and, often, too much pressure for us to handle in a short period of time.
It’s like signing up for a marathon before you even learned how to jog.
In making my own resolutions (yes, I did, too), I have leaned on a great quote from Tony Robbins’s documentary I Am Not Your Guru:
Most people overestimate what they can do in a year and they underestimate what they can do in two or three decades. #iamnotyourguru
— Tony Robbins (@TonyRobbins) October 25, 2016
Sound familiar? Here is why it resonates.
Focus on the long game
Concentrating on long-term growth has two immediate benefits: It emphasizes strategy and it gives flexibility.
If you resolve to become a healthier weight in the next 30 days, then your mind will automatically start looking for the hack: What is the latest diet trend? How can I lose as much as possible as quickly as possible?
By stretching out your goal to, say, a three or five year plan, then you’re focusing on methods that are sustainable rather than quick.
The other benefit is that you are much gentler on yourself in the process, making it much more likely that you will actually reach your goal. Going after a goal is much like the stock market: It never moves in a straight line but, through the ups and downs, it almost always ends higher than where it started. Obsessing on short-term gains is akin to being a modern-day Bitcoin investor. The dramatic emotional toll may outweigh any real gains.
Balance the short and the long
One good method is to set your long-range goal, then work backwards to figure out what increments you need to hit at what time. The increments create the milestones and those become the metrics that you measure.
First single from Trent Reznor/ Atticus Ross soundtrack is Karen O cover of Led Zeppelin song.
By Gil Kaufman
<P>You kind of can’t go wrong when the soundtrack you’ve put together for one of the most eagerly anticipated literary adaptations in years kicks off <a href=”/music/artist/yeah_yeah_yeahs/artist.jhtml”>Yeah Yeah Yeahs</a> singer Karen O’s take on <a href=”http://www.mtv.com/music/artist/led_zeppelin/artist.jhtml”>Led Zeppelin</a>’s “Immigrant Song.” </P><P> </P><P></p><div class=”player-placeholder right” title=”The Girl With The Dragon Tattoo” id=”vid:693384″ width=”240″ height=”211″></div><p> </P><P> </P><P>Fans heard the throbbing industrial take on the rock classic cooked up by former Nine Inch Nails mastermind and O when a trailer for the David Fincher-directed “Girl With the Dragon Tattoo” leaked back in May. And on Thursday, Oscar-winning industrial-rocker-turned-film composer Reznor and musical partner Atticus Ross unveiled the full track list for their “Tattoo” score album. </P><P> </P><P>The follow-up to their award-winning “The Social Network” score was a labor of love, according to a <a href=”http://nin.com/?id=102677″ target=”_blank”>post</a> Reznor put up on the NIN site on Thursday announcing the disc. “For the last fourteen months Atticus and I have been hard at work on David Fincher’s ‘The Girl With The Dragon Tattoo,’ ” he wrote about the American version of the tale of pierced and punished hacker <a href=”/news/articles/1655879/rooney-mara-dragon-tattoo.jhtml”>Lisbeth Salander (Rooney Mara)</a> and her muckraking journalist compatriot <a href=”/news/articles/1667542/daniel-craig-rooney-mara-girl-with-the-dragon-tattoo.jhtml”>Mikael Blomkvist (Daniel Craig)</a>. “We laughed, we cried, we lost our minds and in the process made some of the most beautiful and disturbing music of our careers. The result is a sprawling three-hour opus.” </P><P> </P><P>The album will be released on iTunes on December 9 in two versions. Right now, you can download the Karen O song on iTunes when you pre-order the 39-track album. That download purchase will also give you a link to the <a href=”/news/articles/1675297/girl-with-the-dragon-tattoo-trailer-extended.jhtml”>eight-minute “Dragon Tattoo” trailer</a>, for which Reznor and Ross created a unique score. </P><P> </P><P></p><div class=”player-placeholder right” title=”Daniel Craig Talks ‘The Girl With The Dragon Tattoo'” id=”vid:674399″ width=”240″ height=”211″></div><p> </P><P> </P><P>But, if you visit the <a href=”http://www.nullco.com/GDT/usd.php” target=”_blank”>NIN online store</a>, Reznor is offering the soundtrack in a variety of forms, from a free six-track sampler to a deluxe 3,000-piece limited-edition signed $ 300 package with your choice of MP3 formats; the full album on six pieces of 180 gram vinyl; a deluxe book package with a metal cover; an exclusive custom 8 GB metal razor blade USB drive pendant containing the full album; and a fold-out poster. </P><P> </P><P>The full album score track list is as follows: <br> </P><P><b>»</b> “Immigrant Song” (Led Zeppelin cover) [ft. Karen O]<br> </P><P><b>»</b> “She Reminds Me of You”<br> </P><P><b>»</b> “People Lie All the Time”<br> </P><P><b>»</b> “Pinned and Mounted”<br> </P><P><b>»</b> “Perihelion”<br> </P><P><b>»</b> “What If We Could?”<br> </P><P><b>»</b> “With the Flies”<br> </P><P><b>»</b> “Hidden in Snow”<br> </P><P><b>»</b> “A Thousand Details”<br> </P><P><b>»</b> “One Particular Moment”<br> </P><P><b>»</b> “I Can’t Take It Anymore”<br> </P><P><b>»</b> “How Brittle the Bones”<br> </P><P><b>»</b> “Please Take Your Hand Away”<br> </P><P><b>»</b> “Cut Into Pieces”<br> </P><P><b>»</b> “The Splinter”<br> </P><P><b>»</b> “An Itch”<br> </P><P><b>»</b> “Hypomania”<br> </P><P><b>»</b> “Under the Midnight Sun”<br> </P><P><b>»</b> “Aphelion”<br> </P><P><b>»</b> “You’re Here”<br> </P><P><b>»</b> “The Same as the Others”<br> </P><P><b>»</b> “A Pause for Reflection”<br> </P><P><b>»</b> “While Waiting”<br> </P><P><b>»</b> “The Seconds Drag”<br> </P><P><b>»</b> “Later Into the Night”<br> </P><P><b>»</b> “Parallel Timeline With Alternate Outcome”<br> </P><P><b>»</b> “Another Way of Caring”<br> </P><P><b>»</b> “A Viable Construct”<br> </P><P><b>»</b> “Revealed in the Thaw”<br> </P><P><b>»</b> “Millennia”<br> </P><P><b>»</b> “We Could Wait Forever”<br> </P><P><b>»</b> “Oraculum”<br> </P><P><b>»</b> “Great Bird of Prey”<br> </P><P><b>»</b> “The Heretics”<br> </P><P><b>»</b> “A Pair of Doves”<br> </P><P><b>»</b> “Infiltrator”<br> </P><P><b>»</b> “The Sound of Forgetting”<br> </P><P><b>»</b> “Of Secrets”<br> </P><P><b>»</b> “Is Your Love Strong Enough?” (Bryan Ferry cover) </P><P> </P><P><b>Check out everything we’ve got on <a href=”http://www.mtv.com/movies/movie/456914/moviemain.jhtml”>”The Girl with the Dragon Tattoo.”</a> </P><P> </P><P>For breaking news, celebrity columns, humor and more — updated around the clock — visit <a href=”http://moviesblog.mtv.com/”>MTVMoviesBlog.com</a>.</b></p>
- Yeah Yeah Yeahs
- Led Zeppelin
… the cloud in a 2008 interview, saying the computer industry was “more fashion-driven than women’s fashion” when it came to cloud computing.