Tesla Meets Q3 Product Goals of 50,000 To 55,000 Model 3s (electrek.co)

An anonymous reader quotes a report from Electrek: Electrek has learned that Tesla already achieved the goal for a new record production with two days still to go before the end of the quarter. As we reported last week, Tesla achieved a new record day of Model 3 production, but it was cutting it close for the quarterly goal. The automaker had been guiding a production of 50,000 to 55,000 Model 3 vehicles for the third quarter. According to a reliable source familiar with Tesla's production, the automaker had a strong week of production and managed to bring the total number Model 3 produced to over 51,000 vehicles. For the first time in months, Tesla was able to produce about 5,000 Model 3 vehicles over seven days. The total production for the week was at around 6,700 vehicles -- bringing the total for the quarter to about 77,400 vehicles. Tesla was able to maintain production of about 1,100 cars per day over four days this week and about 800 Model 3's per day over three of those days. It's one of the highest levels of production that Tesla was ever able to maintain.

Comments

Thanks Rei

[110010001000]

Thanks for the report, Rei. How is Musk doing? Any problems?

Re: Thanks Rei

[Anonymous Coward]

More Model 3s will mean a strong used Tesla market in a few years. Thats when I can afford to buy one.

Re: Thanks Rei

[Anonymous Coward]

Anyone who has worked in a high tension (pun intended) manufacturing situation knows that when artificial production quantity goals are set, the first thing that goes is quality and reliability. Rush and shortcuts kill good products. I know that production goals bring in the cash necessary for the company, but I'll wager that in 2 years these will be the serial numbers to avoid in the used car lots.

Re:Thanks Rei

[Anonymous Coward]

lol, can't wait for the other shoe to drop on the SEC news, which will be followed by all of you shorts defenestrating yourselves

Re: Thanks Rei

[dbialac]

Yeah, that's the most blatant "Don't look at the elephant in the room" press release I've seen. Unfortunately, this elephant is a bit too big not to notice.

Re: Thanks Rei

[TechyImmigrant]

News on production is relevant to profits. News on tweets, Musk's sleep schedule and SEC action is not. I took the dip as a buying opportunity.

Re: Thanks Rei

[110010001000]

That makes no sense. Let's say Tesla made 100,000 cars instead of 50,000 this quarter. Would you have bought more? What if they lost $10,000 on each car they produced? Just because some company "meets" some fake (always changing) production number makes no difference. I would say an active SEC investigation looking to remove the CEO, and a couple of potential DOJ investigations are more relevant.

Re: Thanks Rei

[Rei]

Huh? This isn't a press release, this is part of Electrek's ongoing series of leaks of production rates from someone supposedly working at Tesla. I put "supposed" because you never know with Fred; it could easily just be someone BSing him. That said, there's no shortage of possible legit leakers; there's a display on the lines that ticks up each time a vehicle goes out the door.

Doesn't really matter that much; official delivery numbers come in in just a couple days. It's the rest of the Q3 financials that I'm (and I think most people) are more interested in; we won't get those for another month.

Re: Thanks Rei

[TechyImmigrant]

Relevant to what? Does the profit or loss on a model 3 change because Elon's in the shitter? Clue - No. It doesn't.

Re: Thanks Rei

[Iwastheone]

If it's over 8 years old, you may have to replace the battery. How much will that cost? From Quora, link below...

It costs about $225 to replace a Tesla battery. I assume you mean the 12v battery that powers things such as the electronics in the cabin and other 12v devices.

If you mean the main battery, that’s a lot harder to say because it’s not something that people need to do. The batteries come with an eight year warranty, mostly with unlimited miles, and Tesla will repair a defective battery pack for free. Virtually all of them are still under warranty.

Tesla’s batteries lose range very slowly, and even on a car that’s a decade or two old, it’s not likely that a person would replace a battery to increase range. The average US driver travels under 40 miles per day, and most Tesla owners plug in at night to charge at home. For day to day use, owners would never see a difference.

Even for trips of hundreds of miles, there’s a good chance that somebody with a 15 year old Tesla will be able to make the trip with the same number of charging stops as were required when the car was new. But if it turns out that it takes an extra stop each way, then it’s still unlikely that people would replace the battery. People who take an annual road trip or two who might save a couple of hours on each one at the most aren’t going to want to spend thousands of dollars on a new battery. The book value on a car that old might be only a few thousand dollars. If $2000 is out of the question to save two hours a year, then a more realistic price would be even more out of the question. If you buy a Tesla, it’s fair to assume that the main battery will never need to be changed.

Lets just pretend labor is free, and you purchased a Model S P100D in 2016. In 2016 the cost per kWh was 227. The 100kWh battery would have cost $27,700. That same battery if Elon is the believed will cost Tesla $100 per kWh by the end of 2018, for a total battery replacement cost of $10,000. Of course that car is still under under warranty until 2024 so a replacement would not be of concern the current owner.

Paul Marston, former Software Engineer (2001-2003)

Answered Aug 21 Author has 467 answers and 55.1k answer views

Batteries in a hybrid vehicle can cost multiple thousands - so much in fact, that they are in effect non replaceable - the car costs less!

I’m not sure if there is a separate 12v battery for the car (as ALL the batteries have the same nominal voltage.) https://www.quora.com/What-is-...

Re: Thanks Rei

[Rei]

Companies don't live and die by theatrics. They live and die by their fundamentals. The stock jumps and declines based on gotchas, but ultimately it's deliveries, margins, profits, etc that matter. Whether Elon is CEO, a non-executive employee with the newly created job title "Not A CEO", or no longer connected Tesla at all - and whether said status is determined one week from now or ten years from now - the company's fundamentals remain what they are.

Go look at a graph of Tesla's spikes and drops over the past year. How many of those spikes and drops can you, at a glance, remember why they happened? I'm betting it's a pretty small percentage of them. Yet at the time, each drop was people freaking out over something or other in the news, and each spike was people getting overconfident that their good news couldn't possibly be overcome.

Day traders and options traders live and die by these spikes, but for people with a mid to long-term perspective, they're really just static. Lows are a chance to expand your holdings. Highs are a chance to thin your holdings if you think you're overexposed or if you think there's a good chance that the current good news is going to be FUDded back. But in general you hold over your anticipated timeframe until the premises that you based your investment and timeframe on are either confirmed or disproven.

In my case, the premise is "two quarters of profitability with an extremely and ongoing growth story". The timeframe is "Q4 report or later, but unlikely more than two quarters later". Time will tell. In the meantime? Enjoy the noise. :)

Re: Thanks Rei

[Rei]

Also, if you think Tesla needs Musk to thrive... "meh". Did Paypal need him? Don't get me wrong, I like his extremely aggressive moat-bridging business strategies, and am somewhat annoyed about the SEC taking actions that 99% of TSLA shareholders don't want, in order to "protect shareholders". But once you get to a certain point, a company runs on its own momentum. Did Apple just collapse after Jobs died? No, it went on to become the first trillion dollar public company.

I have no clue, BTW, what his odds are against the SEC. I thought the SEC settlement offer was surprisingly mild - it didn't even require him to admit fault. And settlement offers seemingly most commonly call for a five year ban from serving as CEO, but they only called for a two year ban in this case. I don't know why the SEC made such a mild offer, whether it was some form of generosity, or whether they think that they might actually lose this case. But they clearly wanted to settle.

Re: Thanks Rei

[lgw]

50k in a quarter is a very solid number for a sedan in the US. 100k would be amazing - better than Camry sales. Dunno about OP, but I certainly would have bought more.

I would say an active SEC investigation looking to remove the CEO, and a couple of potential DOJ investigations are more relevant.

That won't play out in the next 6 months, which is longer than I plan on holding the stock. And if Tesla survives with stable Model 3 production, are they really worse off without Musk? That might be another buying opportunity.

Re: Thanks Rei

[lgw]

and am somewhat annoyed about the SEC taking actions that 99% of TSLA shareholders don't want, in order to "protect shareholders"

Goldman Sacs must be short TSLA, since that's the only "shareholders" the SEC seems to care about - probably because the SEC is mostly Goldman alums.

Re: Thanks Rei

[jeremyp]

Well, if the profit or loss does not depend on how well the CEO is running the company, what's the point of having one?

Re: Thanks Rei

[mlyle]

> ban from serving as CEO, but they only called for a two year ban in this case

It was a two year ban on being *chairman*, not being CEO. Which is ironic, I think most people agree some amount of board reform would be good for TSLA.

> I don't know why the SEC made such a mild offer,

Because the SEC neither wants to allow this conduct, nor do they want their enforcement action to be cited as a reason for the failure of TSLA. It was a very reasonable, middle-ground approach to enforcement, IMO.

Re: Thanks Rei

[Anonymous Coward]

We used to say: cost, quality and speed.... choose two. Then some manager someone whined we should do all three. No, itâ(TM)s always choose two.

I think we can say they spent their way up to speed.

Re: Thanks Rei

[toadlife]

...SEC taking actions that 99% of TSLA shareholders don't want, in order to "protect shareholders"...

What the cult of Tesla wants is not determinative of whether or not Musk broke the law.

Re: Thanks Rei

[Anonymous Coward]

Yep, and their customers got the low quality as a compromise, like the longs got the low price instead of a "short squeeze".

Felon Musk boy delivering.

Re: Thanks Rei

[Anonymous Coward]

Companies don't live and die by theatrics. They live and die by their fundamentals

This much is true.

The fundamentals of Tesla are tens of billions of debt, an incompetent bunch of loudmouths at the top, 85% lemon rate, bait-and-switch marketing, constant "retooling" because of short-sighted and arrogant wilful ignorance of the best practices in the industry, abysmal customer service and complete lack of afterservice for the cars.

And, recently, securities fraud.

Bankruptcy next year secured.

Re: Thanks Rei

[Anonymous Coward]

Also, if you think Tesla needs Musk to thrive... "meh". Did Paypal need him?

No. The people who created Paypal let him crawl in because he had a cool domain name. But they found out what a swindler he was, and he got kicked out promptly.

Re: Thanks Rei

[Barsteward]

You'll find the detractors here do not have that capability of separating the 2 things. Virtually every negative prediction they've made about the cars and their production has failed so they try desperately try elsewhere to distract you from their failures.

Re: Thanks Rei

[Barsteward]

with your level of trolling nonsense, its not surprising you post as an AC.

Re: Thanks Rei

[Anonymous Coward]

How do his twitter comments affect how the company is run?

Re: Thanks Rei

[Anonymous Coward]

No the SEC is made up of future Goldman employees, that's how it works

Re: Thanks Rei

[Anonymous Coward]

> Batteries in a hybrid vehicle can cost multiple thousands - so much in fact, that they are in effect non replaceable - the car costs less!
FUD... Usually you do not need to replace whole battery, just failed cells, to restore battery to a working condition. And that can be done even DIY. For comparison, a working NiMh cell for Toyota Prius costs somewhere around 30€ and typically (unless last stat in S.P.E.C.I.A.L approaches to 0) you need to replace 1-3 cells.

Bus as your quote says, batteries tend not to fail before car itself... We have 2009 Prius and it still shows no signs of battery fatigue.

Re: Thanks Rei

[Anonymous Coward]

>cost, quality and speed.... choose two.
By looking at prices, I would think Tesla have chosen last two. ;)

Re: Thanks Rei

[Anonymous Coward]

quite frankly if he really did break the law in this case,
then IMHO that law is just plain wrong

Re: Thanks Rei

[Anonymous Coward]

Actually the phrase is "at *most* two".

I've worked on many shit-shows where we failed to get any of them.

Re: Thanks Rei

[Daralantan]

Yeah, that's the most blatant "Don't look at the elephant in the room" press release I've seen. Unfortunately, this elephant is a bit too big not to notice.

To be fair.... Should they just go: "Welp, there's some bad news going on right now. Let's just toss anything positive in the trash."?

Re: Thanks Rei

[Raenex]

50k in a quarter is a very solid number for a sedan in the US. 100k would be amazing - better than Camry sales. Dunno about OP, but I certainly would have bought more.

That's an extreme form of gambling. You would be betting on Tesla becoming a powerhouse of the car industry. Let's look at some company-wide numbers:

"Toyota Motor Sales U.S.A. said vehicle deliveries in the U.S. fell 2 percent to 223,055 in August, which had the same number of selling days in 2017."

That's over 200,000 in one month.

Now let's look at a comparison of market capitalization in this article from one year ago:

"The top automakers, their market caps as of this week (June 19), and 2016 worldwide sales are:

1. Toyota, $155.88 billion market cap, 10.1 million sales
2. Daimler, (Mercedes-Benz), $70.35 billion, 3 million sales
3. Volkswagen, $67.24 billion, 10.3 million sales
4. Tesla, $60.28 billion, 76,230 sales
5. BMW, $54.77 billion, 2.4 million sales
6. GM, $51.45 billion, 9.6 million sales
7. Ford, $44.65 billion, 6.7 million sales"

Is it possible Tesla can eventually achieve numbers that justify their market cap? Yes. But missing in that price is the very real risk that they won't.

Re: Thanks Rei

[Anonymous Coward]

The share price falling further is bad news for shorts?

Re: Thanks Rei

[Anonymous Coward]

tell us how your experiment of replacing old, dead cells in a battery with new ones. the exact reason why they say never mix old and new batteries in a circuit. it will cause a discharge from other cells and potentially explode

Re: Thanks Rei

[stooo]

>> If it's over 8 years old, you may have to replace the battery
That'S FUD.

Factory gated?

[Spy Handler]

How many of those are actually sellable units ready for customer delivery, and how many are "factory gated" units requiring more labor to fix? TFA didn't say.

Re:Factory gated?

[Anonymous Coward]

How much money did they lose making them?

Re:Factory gated?

[iggymanz]

big injection of investor funds coming, Musk said so. Don't listen to those SEC detractors.

Re:Factory gated?

[Anonymous Coward]

Don't listen to those SEC detractors.

-

Good luck not listening to a subpoena.

Musk is beginning to crack, and I look forward to seeing him disintegrate into madness.

Re:Factory gated?

[Anonymous Coward]

Why would you look forward to this? Regardless of what you think about him or Tesla, I think you should re-examine your priorities if you take enjoyment in watching someone crack under the pressure.

Re:Factory gated?

[JoeyRox]

Reminds me of the final scene from Gung Ho:

https://www.youtube.com/watch?v=V_gLOUbQZgk

Re:Factory gated?

[K. S. Kyosuke]

I think you should re-examine your priorities if you take enjoyment in watching someone crack under the pressure.

Even if it's Kavanaugh?

Re:Factory gated?

[Anonymous Coward]

lol, they do not care about anything beyond propagandizing to support their short position

Re:Factory gated?

[Anonymous Coward]

Presumably they're all "factory gated" and you're using that term incorrectly if you think you're using it in a derogatory way the way it sounds by your misuse. There's a literal gate at the factory that they pass through, like a turnstyle at the subway, and that's how they count how many cars have been assembled.

Re: Factory gated?

[WindBourne]

He pretty much did that yesterday. What was gained? Nothing. In fact, all of his perjury from yesterday and before will kill him in the FBI investigation. We all would have been better had he told the truth.

Re:Factory gated?

[Anonymous Coward]

None, they make more money per car than any manufacturer except maybe Ferrari. You've probably been mislead by financials that include expenses overall. They spend more money than they make building superchargers and solar and batteries for foreign nations' electrical grid infrastructure, they don't sell cars for more than they cost to make.

Re:Factory gated?

[Anonymous Coward]

I think you should re-examine your priorities if you take enjoyment in watching someone crack under the pressure.

`

I think Musk is an insufferable prick and I would derive immense enjoyment from seeing him collapse.

As for what you think about my "priorities", go fuck yourself.

Better yet, go drink a bottle of Drano and chase it with bleach.

Re: Factory gated?

[Cmdln Daco]

Do the cars even pass through this gate if it's on the way to the rework lot?

Re: Factory gated?

[Anonymous Coward]

Cite sources for claims, please.

Re:Factory gated?

[Anonymous Coward]

Financial statements say otherwise.

Re:Factory gated?

[iggymanz]

you mean someone who makes market B.S. spew to lure investors but finds out that reality doesn't live up to the flying unicorns shitting rainbows between their ears?

fuck 'em, and I'll enjoy that type of marketing wank's downfall if I want.

Re:Factory gated?

[jeremyp]

The expenses that matter are the overall ones. Tesla may well be making money on every car in terms of selling price minus cost of materials but, if that's not enough to cover their overheads and servicing their debts, they are in trouble. Anyway, Q3 results are due soon, so we'll find out then if they are going to be OK or in the shit.

Re:Factory gated?

[Barsteward]

the flat earth society and other conspiracy theories are in other parts of the WWW... you seem suited to spending more time there

Re: Factory gated?

[K. S. Kyosuke]

What was gained? Nothing.

Clearly at least some enjoyment?

Re: Factory gated?

[Anonymous Coward]

Speak for yourself.

Re: Factory gated?

[WindBourne]

I'm sure some did. I hate politicians that lie.

Re: Factory gated?

[Anonymous Coward]

Not just politicians do it though, isn't that right WindBourne...

Normally a critic

[Anonymous Coward]

I have to give them props for hitting those numbers. They've struggled for some time to make this work, and they held to it. Normally I'm a critic of Tesla, but props for that.

Before anyone jumps on the Tesla stock rollercoaster though, they are NOT leaking the units of unsold inventory. This is the key number here. Tesla is showing an ability to produce (although likely at very poor working conditions that are probably unsustainable given they're making Model 3s under a canopy in the parking lot), but they're not necessarily selling them. Most of the pre-orders were for base Model 3, but Tesla has been making more of the high-end Model 3s as they make some margin on those. So when they do report numbers, look for growing inventory, to determine if Tesla is on a path to sustainability.

This site has a good explanation and went through the numbers during Q2: https://seekingalpha.com/article/4185791-teslas-new-unsold-inventory-soaring

There is a lot of them around now

[MichaelSmith]

I saw a model 3 yesterday with the following rego: OILLOL

Re:There is a lot of them around now

[MichaelSmith]

Sorry, model; S.

Re:There is a lot of them around now

[Octorian]

These used to be quite common on the Model S, mostly prior to 2015. However, most of the ones I've seen since just have ordinary random license plates. Now that the Model 3 has novelty, I wonder how long the fad will last for there.

Re:There is a lot of them around now

[lgw]

I saw a Mustang with the joke from a different angle: MPGLOL. Seems the trick to not caring is not caring.

Re:There is a lot of them around now

[Anonymous Coward]

I saw one burning to a crisp.

Re:There is a lot of them around now

[Daralantan]

I saw a lady at work get picked up by her boyfriend once in his Tesla Model S. Anytime I hear people talk about it being a big luxury vehicle now, I can only remember this guy's car. He had it repainted a rainbow-y black, giant black spinner rims, windows tinted past the illegal limit, and all labels on the car painted black. Also the brake lights were tinted 100% black as well.

Whatever.

[Anonymous Coward]

When Tesla is profitable, cash positive and has dealt with all that Solarcity debt, then we'll have something to talk about. Otherwise, the Model 3 production figures are just a distraction.

And what's this focus on Model 3 sales? Model S sales have tanked. The Model X is flat. Solarcity is floundering, I mean really.

The definition of a successful business is one that is profitable. One that is not, is unsuccessful - a failure.

Tesla is a failure. It's been 15 years - going on 16 - and Musk can't make it work?

Re:Whatever.

[Anonymous Coward]

Remember that Amazon was a failure for almost two decades, then it started eating everybody's lunch.

Re:Whatever.

[LynnwoodRooster]

Amazon had funds to do that, and grow. Tesla has about 5 months of cash left in the bank - and then they are bankrupt.

Re:Whatever.

[Spy Handler]

Amazon had funds to do that, and grow. Tesla has about 5 months of cash left in the bank - and then they are bankrupt.

you mean bankwupt

Re:Whatever.

[lgw]

Remember that Amazon was a failure for almost two decades, then it started eating everybody's lunch.

Amazon has almost always been profitable before re-investment in growing the business. I don't get why people are confused by that - they plowed every dollar they could get their hands on into growth, because the market was there for the first mover. But on any given year, they could have had serious profits if they said "meh, we're big enough".

Tesla is rather more speculative, and their costs don't stop if they decide to stop growing. They have to meet optimistic projections just to service debt, and "cars" are about as mature as a market gets.

Re:Whatever.

[MrL0G1C]

And making a $billion worth of cars every month won't prevent bankruptcy?

Re:Whatever.

[LynnwoodRooster]

Not when you spend $1.4 billion to make and sell them... In Q2 2018 they lost $17.600 per car. What's the bet for Q3 2018?

Re:Whatever.

[jeremyp]

No. Amazon's losses were always planned for expansion and you never felt they were getting out of control. Tesla were ostensibly doing the same thing, but I think they have let things get away from them.

Furthermore, there is a certain amount of survivorship bias. For every Amazon there are twenty start ups that tried to do the same thing and failed.

Re:Whatever.

[Barsteward]

oh dear... still peddling that nonsense argument. I bet they lost millions on the first few cars using that argument.

Re:Whatever.

[LynnwoodRooster]

Not nonsense - look at the financial report. You tell me where they make a profit. Gross profit minus SG&A (Sales General and Administration - you know, activities REQUIRED to deliver those cars) already puts them at a loss. Go ahead, show me what numbers - specific entries, no "handwaving" - on their financial report shows them actually making a profit. You won't, because you can't.

Re: Whatever.

[Anonymous Coward]

If you say "per steering wheel shaft" it sounds only a little bit dumber and the contrast between amount and item is much bigger. Put some effort into your trolling next time!

Re:Whatever.

[Anonymous Coward]

they spent their profit expanding retard. there are tax benefits to be had by doing it that way. in fact, HRC shit on TRUMP for doing this, and she had a history of doing it herself. keep speaking about things you don't understand. your stupid is showing.

Re:Whatever.

[LynnwoodRooster]

So how much capex quarterly, and how much other expenses do they have? Don't just claim it - show the numbers. Or you can take just the word of Musk... Oh wait, he's charged with fraud - lying - isn't he?

Still got a ways to go

[elrous0]

Ford makes about 1.625 million cars each quarter.

Keep working on it.

Re:Still got a ways to go

[110010001000]

Ford also makes about $1.5 billion in profit every quarter. But they aren't going to take us to Mars like Musk is, so who cares?

Re:Still got a ways to go

[Spy Handler]

lmao when you put it like that, it makes Tesla sound like Heaven's Gate cult.

Re:Still got a ways to go

[lgw]

Ford makes about 1.625 million cars each quarter.

Ford made about 21,000 mustangs last quarter, which is the only car Ford will be selling in the future. They make lots of trucks though.

Tesla won't be a real American auto company until they sell pickup trucks. Of course, since no US companies can sell a light truck any more (to meet fuel economy regs), Tesla has a waiting market with no competition. Or if they make a full-sized truck, they could run an ad showing a Tesla towing a Chevy towing a Ford towing a boat, which would go over quite well.

If they survive long enough to enter the consumer truck market, they'll grow into their stock price. That's the big question, though, isn't it?
 

Re:Still got a ways to go

[Anonymous Coward]

I've seen some of those Ford cars. It's nothing to brag about.

Re:Still got a ways to go

[LynnwoodRooster]

No, Ford will sell the Focus Active as well, so they're going form 6 car models to 2. Not that big of a retrenchment, especially given the US (and growing International) demand for compact SUVs and crossovers. Telsa's working on scaling production of a car - which is the dying segment of the US auto industry. Trucks, crossovers, SUVs - that's what people overwhelmingly buy today.

Re:Still got a ways to go

[LynnwoodRooster]

To put that in even better perspective - what took Tesla from July 1 to September 30 to make, Ford had completed before the 4th of July.

Re:Still got a ways to go

[LynnwoodRooster]

Love my wife's Mustang GT! It's quite fast, comfortable, convertible (hey, we live in Southern California), and has an honest 350 mile range. And can be gassed up in about 4 minutes - from completely empty to completely full. Best of all, it was cheaper than any shipping model of Tesla Model 3 today ($45,000 OTD)!

Re:Still got a ways to go

[elrous0]

The way Musk has been acting lately, I'm not sure I would let him drive me down the block.

Re:Still got a ways to go

[sunking2]

True, but when we needed to save the world from the Nazi's we didn't do it waiting for an electric tank that would have cost more than the bomb to be made.

Re:Still got a ways to go

[Anonymous Coward]

But how many factories does Ford have?
Divide that number by the number of factories first.

Re:Still got a ways to go

[rogoshen1]

part of what got the US auto industry in hot water was going all in on SUV's and trucks when oil was cheap (consumer demand and all that, sure) -- then once oil prices go up, surprise! people want cars again.

Apparently Ford did not learn their lesson the first time around, and seem like they're on the verge of going down the shitter again*

*yes i know ford didn't accept any gov't bailout money, but only because they maxed out their borrowing at just the right time, and had the cash on hand and lines of credit to weather the storm. So they're about 1-1 when it comes to foresight.

Re: Still got a ways to go

[Anonymous Coward]

All hail Musk the almighty!

Re: Still got a ways to go

[Anonymous Coward]

Why is that at all relevant?

Re:Still got a ways to go

[LynnwoodRooster]

Lots of small SUVs get over 30 MPG. The Ford CMax does over 40 MPG. Ford is looking to where its buyers put their money - and it's not cars. Maybe Tesla will be successful in the car market - but first, they have to figure out how to actually turn a profit on selling cars.

Re:Still got a ways to go

[lgw]

No, Ford will sell the Focus Active as well,

Well, they sold 0 of those in the US last quarter, so it's still 21,000 cars sold that have a future.

Trucks, crossovers, SUVs - that's what people overwhelmingly buy today.

Well, that's what they buy from Ford, and it is a big market. Toyota still sold 84,000 Camrys last quarter though. I see the Model 3 as a niche car, but if "no dashboard" ever goes mainstream, the market's there.

Re:Still got a ways to go

[LynnwoodRooster]

Damn I hope no-dashboard dies a horrible death. Touch-screens just don't work except for rarely-used functions. Physical switches and knobs and GAUGES AND INDICATORS IN EYESIGHT! Car interior designers should read MIL-STD-1472g and realize that things are defined as they are because THEY WORK and work WELL in life-and-death situations.

Re:Still got a ways to go

[Anonymous Coward]

I hope you drive it, the Mustang is one of the worst safety rated cars by regulators.
2 out of 5 stars, a typical yank shitbox.
https://m.youtube.com/watch?v=...

Re:Still got a ways to go

[LynnwoodRooster]

I pity those who live their life in fear. I guess when your parents stopped coddling you and preventing every splinter or stubbed toe and making sure you always won at least a participation award, you realized the world could be dangerous and retreated to a place with no corners, lots of padding, and soothing soft sounds.

Me? I'll enjoy cruising up the PCH in the 'stang to dine waterfront at Avila Beach, or slicing down Mulholland Highway on my motorcycle. Or scuba diving in Indonesia. Or climbing waterfalls in Costa Rica. You know, all those dangerous things that people like you worry about...

Re:Still got a ways to go

[lgw]

The Audi TT goes the other way - no center console screen at all - still making my mind up about it, but definitely better than the reverse!

 

Re:Still got a ways to go

[Anonymous Coward]

It's not really dangerous or risky, just expensive to maintain. Plus who wants to go to the Ford mechanic shop on a regular basis?

Re:Still got a ways to go

[Anonymous Coward]

Ford didn't "save the world from the Nazis", the Russians who fought them in Europe did.

Re:Still got a ways to go

[Barsteward]

f*cking stupid analogy. comparing a new company with a new paradigm to a world wide decades old company using old tech.

Re: Still got a ways to go

[Anonymous Coward]

Perhaps divide by the number of years each company has been in existence for a fairer comparison

Re:Still got a ways to go

[thegarbz]

lmao when you put it like that, it makes Tesla sound like Heaven's Gate cult.

Well if we're going to follow his thinking then maybe we should worship Microsoft I mean they made $8.8 billion profit.
You would worship them right? Just for profit figures? I mean you'd never praise the Linux kernel team with their zero profit instead right?

Re:Still got a ways to go

[thegarbz]

I care! Ford continues to profit of the pollution of our planet. We all should care. We all should condemn them for it.

Re:Still got a ways to go

[Actually, I do RTFA]

Ford also makes about $1.5 billion in profit every quarter. But they aren't going to take us to Mars like Musk is, so who cares?

Ford's investors. And Tesla's investors. Or were you investing in Tesla thinking that you were somehow also buying into SpaceX.

Also, I see no reason why we'd want a private individual to lead us to Mars, and doubt SpaceX is really going to get there.

Share price down to $265

[ishmaelflood]

Hey rei, you'll be able to top up your holding, the share price is back down to where you bought in. I wish I had your expertise.

Re:Share price down to $265

[Rei]

So now I'm both the anonymous submitter (wrong, as you may have noticed I have no qualms with posting under my own name) and 110010001000 (a person I frequently disagree with)?

I love being omnipresent :)

(And to reply to this post: it's almost as if I have not repeatedly pointed out that my investment timeframe is from between my initial purchase this summer to after the Q4 report).

Under 6,000 Production Target

[phalse phace]

For the first time in months, Tesla was able to produce about 5,000 Model 3 vehicles over seven days. The total production for the week was at around 6,700 vehicles -- bringing the total for the quarter to about 77,400 vehicles. Tesla was able to maintain production of about 1,100 cars per day over four days this week and about 800 Model 3's per day over three of those days. It's one of the highest levels of production that Tesla was ever able to maintain.

In other words, Tesla didn't meet their 6,000 production target.

https://www.businessinsider.com/tesla-model-3-production-to-hit-6000-per-week-by-end-of-august-2018-8

Tesla expects to make 6,000 Model 3 sedans in a week by the end of August, the company said in its second-quarter earnings letter

Re:Under 6,000 Production Target

[Anonymous Coward]

How many projects are done on time and under budget? Tesla might as well have estimated 6,000 Model 3s in good faith, long as everything went according to plan. I don't own a Tesla and dislike Musk personally but all this hate on Tesla are trolls. What's next? Tesla are more conservation on production goals and people will be yelling that targets were artificially low to manipulate the stock price.

Re: Under 6,000 Production Target

[Anonymous Coward]

4*1100
+
3*800
=
6,800

You might want to reconsider doing your own investment analysis.

Time to move off the straddle and back onto the upside of the fence on TSLA.

Re:Under 6,000 Production Target

[Anonymous Coward]

> In other words, Tesla didn't meet their 6,000 production target.

Wrong. The guidance was 50-55k Model 3s. They met their target.

Their expectation for 6000 Model 3 sedans was potentially not met. Note the wording is "6000 model 3 sedans in a week". A week, not every week. We'll see if they managed to make 6000 in any one week, but they never said they would make that many consistently.

All tose Musk haters are jealous...

[Anonymous Coward]

All those Musk haters are just jealous because he can date hot godesses like Amber Heard and they can't.

Re:All tose Musk haters are jealous...

[Anonymous Coward]

Amberwho?

Musk is crazy like a fox...

[edi_guy]

Much like Apple Computer way back in the day (1997), the current entity of Tesla is in real bad financial shape. Probably close to default despite all the really hard work on the Model 3. So Musk finds a surefire way to get himself kicked out of the company, via tweet. Company will declare Chapter 11 without him, saving himself from the taint of doing it himself. He focuses on SpaceX for a bit, and then he comes back in a few years like Steve Jobs returning to Apple. Lightened of the debt load, Tesla can become profitable as a going enterprise, and Musk gets to be deified once again.

Oh, and tunnels all over LA.

Re:Musk is crazy like a fox...

[Mr. Dollar Ton]

Karl Marx already covered this. History only repeats itself as farce.

Nope, Tesla didn't reach that goal...

[Anonymous Coward]

Nope, Tesla sure didn't reach that goal. That really sucks for them.

Better toss that baby out with the bath water.

We should probably abandon the space program too, I mean, after Apollo 1, Apollo 11, Challenger, and Columbia, we should just not invest in manned space anymore. It's all just a big fraud. The earth is flat, anyway. /sarc

Production is steadily increasing, and I see more Tesla cars on the road every day. Including the model 3 in my garage, surrounded by the tools I recently used to change a clutch, timing belt, water pump, and spark plugs in my son's vehicle. Sure, I can afford to pay someone else to do that shit, but why? More often than not shops do a piss-poor job, over charge for the cheap parts they use, and overcharge for their labor. Planned obsolescence my ass.

I look forward to never having to do that on my Tesla. And when the batteries need replacing, I'll do that too.

Tesla can miss a few production goals. As a shareholder, I'll review their performance, weigh their goals with how they are or aren't changing the world, and either sell or buy more. Haven't sold any yet. And I don't give a rats ass about short term gains or profit.

And yes, I'm a grumpy old curmudgeon, and no, you cannot have my Gran Torino, but I will consider trades for a Model S.

Re:Nope, Tesla didn't reach that goal...

[Anonymous Coward]

Your post makes very little sense...

Tesla Board Inspects the Production Line

[sycodon]

This is video of the Tesla Board inspecting the production line.

You're a bunch of paid shills.

[Anonymous Coward]

You post under this handle, under several others, and anonymously too. So what?

A girl's gotta make a living between her webcam sessions, even if she's got a penis.

Financials are ugly

[knorthern knight]

https://www.marketwatch.com/in...
Annual consolidated net income

* 2013 loss 74.01 Million
* 2014 loss 294.04 Million
* 2015 loss 888.66 Million
* 2016 loss 773.05 Million
* 2017 loss 2.24 Billion (With a "B")

So far in 2018
* Quarter ending Mar 31, 2018 loss 709.55 Million
* Quarter ending June 30, 2018 loss 717.54 Million
i.e. 1.427 Billion total loss first half of 2018