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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.
big injection of investor funds coming, Musk said so. Don't listen to those SEC detractors.
I saw a model 3 yesterday with the following rego: OILLOL
http://michaelsmith.id.au
Reminds me of the final scene from Gung Ho:
https://www.youtube.com/watch?v=V_gLOUbQZgk
Ford makes about 1.625 million cars each quarter.
Keep working on it.
SJW: Someone who has run out of real oppression, and has to fake it.
I think you should re-examine your priorities if you take enjoyment in watching someone crack under the pressure.
Even if it's Kavanaugh?
Ezekiel 23:20
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.
Remember that Amazon was a failure for almost two decades, then it started eating everybody's lunch.
Amazon had funds to do that, and grow. Tesla has about 5 months of cash left in the bank - and then they are bankrupt.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
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.
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.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
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.
Do the cars even pass through this gate if it's on the way to the rework lot?
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
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.
"Who the hell is Nietzche? It's a question stupid people are asking." -- Newscaster, "Jesus Christ Supercop"
Relevant to what? Does the profit or loss on a model 3 change because Elon's in the shitter? Clue - No. It doesn't.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
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-...
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. :)
"Who the hell is Nietzche? It's a question stupid people are asking." -- Newscaster, "Jesus Christ Supercop"
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.
"Who the hell is Nietzche? It's a question stupid people are asking." -- Newscaster, "Jesus Christ Supercop"
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.
Socialism: a lie told by totalitarians and believed by fools.
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.
Socialism: a lie told by totalitarians and believed by fools.
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.
Socialism: a lie told by totalitarians and believed by fools.
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.
And making a $billion worth of cars every month won't prevent bankruptcy?
Waterfox - a Firefox fork with legacy extension support, security updates and better privacy by default.
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?
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
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?
All I want is a secure system where it's easy to do anything I want. Is that too much to ask ~~ Randall Munroe
> 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.
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.
All I want is a secure system where it's easy to do anything I want. Is that too much to ask ~~ Randall Munroe
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.
All I want is a secure system where it's easy to do anything I want. Is that too much to ask ~~ Randall Munroe
Karl Marx already covered this. History only repeats itself as farce.
This is video of the Tesla Board inspecting the production line.
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
...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.
I don't always use unix-like operating systems; but when I do, I prefer FreeBSD.
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.
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
the flat earth society and other conspiracy theories are in other parts of the WWW... you seem suited to spending more time there
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
oh dear... still peddling that nonsense argument. I bet they lost millions on the first few cars using that argument.
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
What was gained? Nothing.
Clearly at least some enjoyment?
Ezekiel 23:20
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."?
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.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
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.
I'm sure some did. I hate politicians that lie.
I prefer the "u" in honour as it seems to be missing these days.
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?
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
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
I'm not repeating myself
I'm an X window user; I'm an ex-Windows user
>> If it's over 8 years old, you may have to replace the battery
That'S FUD.
aaaaaaa