Tesla - Wall Street is Dumb
Tesla reported their production and delivery numbers today -- deliveries missed the magic 500,000 number by just 4,430 vehicles.

If the average Tesla vehicle earns $7,000 in gross profit then Tesla's gross profit will be about $31 million less than expected. Just terrible.

But, Tesla reported a record energy deployment of 11.4 GHw for Q4 -- this was about 5.2 GHw higher than the average of the last four quarter deployments.

If the average gross profit per GHw is $105 million, then 5.2 GHw x $105 million = $546 million in incremental gross profit (versus the last four quarters).

Per Wall Street's thinking $31 million less from vehicles is much worse than $546 million more from energy?!

Objectively, energy's gain is 17 times more than auto's reduction (vs expectations) -- thus Wall Street's reaction is dumb.