Greenlea LaneTrim-11.86%$20M5.91%Concentrated long-term value
What managers sayⓘ
2026-07-17Baillie GiffordNeutralSpaceX: why US Growth invested at the IPODetail →
2026-06-30The Capital Cycle (Marathon)NeutralPassive’s Massive AI Gamble (June 2026)Detail →
2026-06-18Aswath Damodaran (Musings on Markets)NeutralSpaceX, OpenAI and Anthropic: The S&P 500 Inclusion Question and Investment Consequences!Detail →
2026-06-18Michael Mauboussin (Consilient Observer)NeutralOpportunities and Expectations: The Present Value of Growth Opportunities in ValuationDetail →
2026-05-06Aswath Damodaran (Musings on Markets)NeutralAn Ode to Restraint: Lessons from the Tim Cook LegacyDetail →
2026-04-23Aswath Damodaran (Musings on Markets)NeutralTo a Trillion(s) Dollars and beyond: A SpaceX IPO Odyssey!Detail →
2026-04-23Scottish Mortgage (Baillie Gifford)BullPrivate Investor Forum 2026: Investing in great growth companiesDetail →
2026-04-01Patient Capital ManagementBear1Q26 Quarterly Market ReviewDetail →
Earnings Callsⓘ
Q3 2026April 22, 2026
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Earnings beat expectations due to record deliveries and profitability, achieving contrarian growth amid industry weakness.
Business progress: FSD v13 will increase intervention-free interval by 5-6x, expected to surpass human safety in Q2 2027; Energy Lathrop factory reaches 40 GWh annualized, Shanghai factory starts in Q1; Cybercab mass production in 2026, in-house 4680 battery cost near North America's lowest.
Guidance and outlook: 2025 vehicle growth `20-30%`; Cybercab mass production in 2026; but Q4 margin `will face challenges`.
Risk signals: Management explicitly warned of Q4 margin challenges, FSD California deployment requires regulatory approval, with risk of delays.