habu987
Stormageddon, Dark Lord of All
- Joined
- Apr 27, 2018
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Some interesting nuggets in this week's 2Q earning call:
https://seekingalpha.com/article/41...-results-earnings-call-transcript?part=single
- 2019 production is at 80-85% of full production
- Sounds like the V6 is starting production
- Full production with all options is targeted for 4th quarter
- Q2 extra launch costs were also around $300M, like in Q1; expected to substantially decrease in Q3 and disappear in Q4
- Currently an 11% margin on the retail side with the Classic and 2019 models
- Fixed price contracts for 2018 steel purchases, 2019 steel prices are up in the air based on how the tariffs roll out
- Each truck has about $3500 of raw materials (not really relevant, I just thought that was interesting)
- They're expecting to produce about 60k 2019s in Q3 & Q4
https://seekingalpha.com/article/41...-results-earnings-call-transcript?part=single
