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Tesla Produced Over 80,000 Cars In Third Quarter, Beating Estimates (electrek.co)
An anonymous reader quotes a report from Electrek: Tesla has now confirmed the official record production numbers of 80,000 vehicles. The automaker has also confirmed Q3 deliveries of 83,500 vehicles. Yesterday, Electrek reported the production numbers, which Tesla has now confirmed to be exactly 53,239 Model 3 vehicles and 26,903 Model S and X vehicles. Tesla elaborated on the Model 3 production ramp-up: "During Q3, we transitioned Model 3 production from entirely rear wheel drive at the beginning of the quarter to almost entirely dual motor during the last few weeks of the quarter. This added significant complexity, but we successfully executed this transition and ultimately produced more dual motor than rear wheel drive cars in Q3. In the last week of the quarter, we produced over 5,300 Model 3 vehicles, almost all of which were dual motor, meaning that we achieved a production rate of more than 10,000 drive units per week." Tesla delivered a total of 83,500 vehicles during the third quarter: 55,840 Model 3, 14,470 Model S, and 13,190 Model X.
Here's what Tesla had to say about the Model 3 deliveries: "Our Q3 Model 3 deliveries were limited to higher-priced variants, cash/loan transactions, and North American customers only. There remain significant opportunities to grow the addressable market for Model 3 by introducing leasing, standard battery and other lower-priced variants of the car, and by starting international deliveries."
Here's what Tesla had to say about the Model 3 deliveries: "Our Q3 Model 3 deliveries were limited to higher-priced variants, cash/loan transactions, and North American customers only. There remain significant opportunities to grow the addressable market for Model 3 by introducing leasing, standard battery and other lower-priced variants of the car, and by starting international deliveries."
Consider the possibility that everything is still going according to plan.
lol, watching shorts shart their tidy whities is amusing whenever it occurs
Elon Musk is starting to play like Bugs Bunny, with the shorts being played by Elmer Fudd
...But my 2007 4 cylinder Honda Accord costs me under $1300 to operate per year (not including insurance). How many years would it take me not filling up for $80/month and 2 oil changes/year for ($100) to break even the purchase of a Model 3 plus tax, title, license, and registration?
Namaste
That's what I tell myself when I think about TRUMP!!!
And you forgot the $35,0000 model cars.
2007 would be an 11 or 12 year old car. 2007 models hit the "showroom" in summer of 2006 usually.
The economy is running hot right now such that most products are selling above average.
(Since it's likely to come up, as far as the political credit for the economy, the "tax-cut stimulus" did help, but also jacked up debt. It's counter-Keynesian, which is bad my book. Pay down debt during up-times and save the stimuli for slumps.)
Table-ized A.I.
The shorts made money today. Stock is down again. They are gonna make even more when the financial report show the massive amount of money they lost on each car.
The ford Model A was a bargain basement model. Tesla are hardly aiming at that market segment.
Go here : here and click on August and see how they are doing relative to similarly priced models today.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
Also, coincidentally, a story came out today about thousands of Tesla Model 3s sitting in parking lots all over the place.
https://www.dailymail.co.uk/ne...
You are welcome on my lawn.
I have a coworker who is from the former USSR. His take on Tesla is that the current output is gonna suck and warranty repair is going to eat them alive. He tells me that at the end of the fiscal year often factories would be under pressure in the USSR to up their output, and no one wanted what they made (which wasn't actually good quality to begin with).
I have a good friend who just got a Model 3 a few weeks ago. She needs warranty service (not Tesla's fault in this case, a pinecone fell on the car and smashed the roof glass) and can't get an appointment for months. Not sure if this is a lack of spare parts or if they are flooded with warranted work. By the way, she let me drive the car and it is a LOT of fun.
Oooh! N=2, at the start of production of a new product. Very convincing.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
That happened 8 months after production started.
They've wronged our Lord and savior
But they are profitable this quarter. As they get better and learn more, and have stronger economies of scale, they will increase margin, just like what happens to most businesses after the initial spending to build segment is over.
Shorting such an innovative company is lunacy. They are years ahead on battery tech, years ahead on drivetrain, years ahead on driving assistants, and years ahead on infrastructure (power wall, solar panels, superchargers) as any other competitor. News and articles and tweets and this crap is fine for shorting in the immediate term, but over the long ark of time, financial performance is what will govern the stock price, and I don't think there are any worries there. They have a product, people want to buy it, and they are learning how to build that product profitably. Everything else is noise.
Anecdotal evidence is a poor indication of a trend. If you want to prove your point, show us lemon law'd return rates of these cars vs their categories.
But they are profitable this quarter.
Are they? Are you sure about that? Tesla has consistently claimed they're profitable - but their financial reports say otherwise. My guess is it's a solid $650MM+ loss for Q3, we'll find out soon enough!
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
The ford Model A was a bargain basement model. Tesla are hardly aiming at that market segment..
The model 3 is probably the cheapest electric car with any decent range on the market, I would suggest that they are already in that market.
Nissan Leaf and the Mitsubishi MiEV don't even compare.
The Tesla batteries in South Australia are proving more effective than expected as well.
$20 million in Fines. Oh and their stock already regained everything it lost, sorry about your Short game.
The Bolt does about 240 miles on a charge, and it's available at $36K today. The Model 3 - as shipping today - doesn't have competition because there aren't any all EVs other than Tesla and the BMW i8 at prices above $50K. Now, when the Model 3 starts shipping in the $30-$35K range (like the Leaf and Bolt), then yes.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
And it’s back on a downward trend.
Your inability to read the reports properly doesn't make them unprofitable.
Don't tell him not to short! I rely on such idiots to sometimes drive the price down so I can snatch up a few more stocks below market value.
Assorted stuff I do sometimes: Lemuria.org
You mean the car that few want? A car sold in 1/14th the volume of the Model 3 this month? A car whose sales have collapsed over the past year?
Imagine that - people don't want a dorky-looking econobox that takes 2 1/2 times as long to recharge from a fragmented, poorly maintained network. Whodathunkit?
GM got some things right. Performance is decent, although not to Tesla standards. The battery is properly liquid cooled. Etc. But... sorry, Bolt was a miss.
"Close the door! What, were you born in a barn?" -- Police chief, "Jesus Christ Supercop"
I had no idea that Honda Accord and Toyota Camry were EVs. Or in your mind is that an irrelevant niggling detail?
Tesla makes more EV battery capacity than everyone else in the world combined. And they're still struggling to keep up on batteries, their volumes are so high. Point at ICEs all you want, but said "production experts" keep falling further and further behind Tesla in the race to make what they almost universally agree is the future (EVs).
Your argument is like someone in 1904 saying, "This 'Ford Motor Company' thinks its so great, it made 1750 Model As last year, while we here at the Columbus Buggy Company produce that many buggies every three weeks!"
"Close the door! What, were you born in a barn?" -- Police chief, "Jesus Christ Supercop"
Not sure they are years ahead on anything but possibly charge station network. While their competitors are decades ahead in things like dealer support, parts delivery, build quality, and most importantly paying down their debts. Their are many companies with decades of more experience on mass producing electric drive trains over Tesla. Panasonic is the primary holder of the battery technology, and manufacturing even at the Giga factory.
Personally their is no way I would consider a car that is locked down in DRM, from a company that maintains a list of VIN's that they will not sell parts for. Also no service or repair manuals, and so far demonstrated an inability to deliver repair parts at any scale. Especially one that is so deep in debt and tied up in a couple car models, one big recall and they are bankrupt.
Don't get me wrong, I am not saying short Tesla or anything close to predicting they will fail. Just that while I clearly have no idea how much of the population is like me, that would gladly pay $10k more for the support of BMW over the restrictions of Tesla. And they are just one mistake away from turning over their market lead to any one of nearly a dozen competitors.
You are a dolt. A car that is far less in price is not as well equipped as a near 60K car? Color me shocked.
Yes the Tesla is better than the Leaf. I've tried the Tesla S and 3 and I own a Leaf. The leaf is still very nice to own compared to the petrol cars I've owned. It's quick off the mark, cheap (I got it used), cheap to run and I never have to visit a gas station.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
BYD makes more EVs than Tesla does. Zhidou may also.
Tesla *is* the premiere supplier of luxury EVs in the United States.
Please note the page number and quote where in their Q3 report it shows profit.
Oh, wait, you cant because it never says that and you never read it. Give us the url where you got it.
Oh yeah... lol.
Why do you focus on EV? A car is a car. Tesla is a tiny little shit box company with a hugely over valued stock, mad man for ceo (and soon to be forearm chairman, lol), and a boldly blood red balance sheet. They do not and cannot compete with the lies of Honda or other real car companies. That is the real reason the comparison is inappropriate. This is not car vs buggy. This is real product vs. rich man toy. Toys R Us thought selling toys was a good idea. Dead now. Tesla next.
The other AC got it right - there is NO PLACE where it says they make profit; that's why they lost $717 million last quarter, and are burning money at nearly $2 billion per year... That's not a profit.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
So how many will they sell (most likely at a loss) at $35K? Because right now, Tesla is well out-sold by other car models, let alone car brands.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
A car people can afford has fewer features than an over priced toy? Wowzerz!
So, Rei/Elon, when can I buy the promised (you lied) $35k model 3?
Be daring, pick a YEAR that will happen!
I think never. What do you say?
So what we've learned is that the ONLY market for EVs is rich folks wanting to show "how much they care about the Earth" by buying $60K cars (well, $50K and then with tax and license putting you at $60K). While the average person spends about half that on their new vehicle. Congrats, Tesla, on building a car for the rich only, and letting all those around them see how good and noble and Earth-caring they are!
In the real world (you know, where the real volume of vehicles is sold), EVs are a non-starter because you simply cannot get the type of range or capabilities families want at the price families can afford.
Interesting you also jump in this thread, and were basically silent on the one where Musk was forced out as Chairman, given a couple more watchdogs, and fined 400 Model 3's worth of money. We'll see how much money they lose for Q3, too!
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Gonna give ya some
poo poo
Gonna give ya some
pee pee
Gonna give ya some
doo doo
Wash it down with some
wee wee
This is the Remix Edition
of the song about pissin
Got that peein, leakin, reekin
and there's juice in the kitchen
Tesla makes more EV battery capacity than everyone else in the world combined.
That is nonsense.
Despite the success story of Tesla, European and Asian car manufactorers sell probably 10 times to 50 times more EVs or hybrids than Tesla does.
Tesla is impressive, but it is only a single car manufactorer.
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
Evidence is not something a bunch of cultists will take seriously.
From a technical perspective, I honestly wish everything you said was true. Personally I'd love to buy an electric car now (and powerwall-type product) but given the large investment it would have to be from a stable manufacturer.
Since it's pretty clear now that Tesla is a few months away from being forced into DIP financing based on their convertibles situation, and what the bond yields and CDS rates are saying, it's definitely a no-go. Even in chapter 11 I wouldn't trust that any warranty promises could be fulfilled in a timely manner, if at all.
However the slew of models coming from established manufacturers in the next year is heartening. The Jaguar I-Pace and Porsche Taycan look very promising so it appears we really are at the tipping point of mass adoption. So that's at least a positive in gradual evolution of electric vehicles.
A hybrid is not an EV. Hybrids are a completely different type of car. Hybrids are still ICE powered. They just have an added energy recuperation system. If the ERS fails, hybrids are normal gasoline cars in all aspects.
The Model S leads the luxury segment in sales https://cleantechnica.com/2018...
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
Why don't you list all the recalls by ICE manufacturers as a comparison
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
So, exactly like a battery car sans the generation, transmission and charging losses.
Nonsense, the Model S is leading the luxury segment by a long way. https://cleantechnica.com/2018...
They make a profit on every car, it just takes a while for production to increase for those profits to accumulate to cover the costs of development, i know that hard to understand that but keep at it and you'll understand eventually
"The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
Unconvincing claim considering that they've been asking you for evidence for last few posts, and you expressly suggest that it's unnecessary because [reasons you listed].
This is complete and utter bullshit. BYD makes far more electric vehicles than Tesla at this point, and many of their vehicles are heavy duty, ranging from busses to sedans. So they need more battery capacity per vehicle on average. Tesla iirc is barely in the third place, well behind both BYD and Luxgen.
They make a profit on every car,
LOL, yeah, they do, except it is a negative five-figure "profit".
False. Plug in hybrids exist.
BYD's cars compete on range and are much cheaper. They just don't get sold in much of the West due to regulatory obstacles for foreign entrants as well as image reasons. "Chinese car" tends to get viewed with severe suspicion in markets where even South Korean brands are having trouble breaking into for similar reasons.
The biggest driver down recently has been the ex-boyfriend of Grimes.
LOL.
It doesn't matter if the vehicle runs on gas, electricity, cow farts, or vegitable peelings. They are manufacturing and selling VEHICLES, and not doing too well at it.
Considering BYD's success, I suspect that it's actually quite possible in a decade or so.
Granted, probably not in the West, where even South Korean cars have serious problems penetrating the market for image reasons.
Regular hybrids are a different story. They don't charge from the mains, they charge from running the combustion engine. That means the combustion engine is the predominant means of propulsion and the battery / motor only kicks in at low speeds in stop-go style traffic.
Regular hybrids are essentially on their last legs, obsolete really. Toyota is still flogging that dead horse, probably expecting to wring a few more years out of the tech. PHEVs are basically a stop-gap too, but in a sense they serve as an introduction to electric vehicles for the more risk averse / range anxious so they still serve a purpose.
Regulatory obstacles: you mean like not killing you at a 20mph collision by collapsing into a tangled mess. Look if European, Japanese and Korean manufactures can make cars that pass the regulatory obstacles without issue then the fact the Chinese can't should tell you the cars they are making are in fact death traps.
There is also the issue that a lot of Chinese cars are design knockoff's of western designs. They simply can't sell them in the west even if they could pass the regulatory barrier.
So for example putting both together the Cheryâ(TM)s QQ is a huge rip-off of the Daewoo Matiz, but if you are involved in a crash in the QQ you will most likely die, guess they cut some corners to get to the $5k price point then.
Hybrids have a battery. ...
That was the point of the parent.
Smart ass
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
Which South Korean Cars are having difficulty breaking into the market? Kia? Hyundai? Both sell quite well.
Believe what you want; facts state otherwise. I know it's hard to comprehend the rate at which they're churning out battery capacity, but it's reality whether you want to believe it or not.
"Close the door! What, were you born in a barn?" -- Police chief, "Jesus Christ Supercop"
What are you talking about? I wrote a good chunk of a dozen posts over there. Not like it would even matter if I hadn't; I don't hang out on Slashdot 24/7.
(Rest of your post not even worth bothering with a reply).
"Close the door! What, were you born in a barn?" -- Police chief, "Jesus Christ Supercop"
I'm sure Slashdot is the most important place for stock market altering news.
Troll feeding aside... If you want to talk about crazy, positive pieces.... I saw the title of an article the other day (didn't bother reading it) that said some stock analyst is predicting Tesla will easily be worth 20+ billion by 2030, and how it'll be the next big amazing mega stock.
No. They're leading the luxury sedan market, which is signifcantly down on last year as the market prefers SUVs.
That's nice. Completely ignores the parents point, and is hardly surprising given how few automakers manufacture their own batteries.
The facts state that automakers are buying batteries from battery manufacturers rather than making them themselves just like many other parts.
Your post is misleading and irrelevant at best, if not deliberately dishonest.
All of this is immaterial. It is not the case that shorts only make money when a business fails. It is entirely possible for Tesla to ship thousands of vehicles, turn a profit, poop a rainbow and yet the stock still go down.
Show me where they make a profit. You can't - because they don't. Current profits do not "accumulate" to cover past expenditures - past expenditures are already accounted for in the cash flow of past quarters.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Yep, BYD has shown that real consumer demand is for something like the MIEV or the Leaf, but at about $20K. In other words, nothing at all like Tesla imagines.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
In the real world (you know, where the real volume of vehicles is sold), EVs are a non-starter because you simply cannot get the type of range or capabilities families want at the price families can afford.
Last month, half of the new cars sold in Norway was EVs. So apparently, price and range was ok.
This is the lamest excuse for not presenting evidence I've heard yet.
No it's true, at least it was for the last complete year (2017): https://www.greencarreports.co...
Note that passenger cars only, not including commercial vehicles like busses and trucks that BYD also makes.
It will be interesting to see what happens this year, but if you look at the historic numbers BYD is ramping up sales fast so it will probably be close.
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
This is just nonsense. You can buy Chinese cars in Europe, including BYD ones. Availability is a bit limited but BYD is popular for taxis in London, for example. I've seen some privately owned Chinese SUVs too.
Obviously they meet all European safety standards.
The main limitation is that they can barely keep up with demand in China, and expanding into Europe requires a fair bit of investment. The cars need to be localized (software, manuals, EU requirements) and they need a network for sales and servicing. Realistically they need to find partners in Europe who understand the market and can run the show.
Of course the same thing was said about Japanese and Korean cars, before all the western manufacturers went bankrupt.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
And that has NOTHING to do with massive subsidies, tax breaks, and freebies for those purchasing an EV, right? It seems to me that EVs that stand on their own are tiny, low-range, and really low cost - the exact opposite of Tesla. The only way Tesla seems to survive is with lots of subsidies and giveaways.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Wouldn't be surprised if they do it even sooner.
Wouldn't be surprised if you're wrong again.
So how many will they sell (most likely at a loss) at $35K? Because right now, Tesla is well out-sold by other car models, let alone car brands.
Bullshit.
According to Bloomberg the Model 3 is the 5th best selling sedan in America, regardless of price or size.
1st - Toyota Corolla
2nd - Toyota Camry
3rd - Honda Civic
4th - Honda Accord
5th - Tesla Model 3
That's pretty damn good.
"You want to know how to help your kids? Leave them the fuck alone." -George Carlin
APK sucked 80,000 trucker dicks last quarter at the glory hole in the Pilot Travel Center off of I81 near his house.
Does change the fact that 100% of electric vehicle fires are teslas.
Sweet! You posted that one thing that happened to that one car yet again. Good job.
They're 5th in a rapidly dwindling market segment? (Due to SUV market preference) woo?
The big difference is the part that provides range. Hybrids can only ride a short distance on battery power, even with plugin hybrids mostly ranging between 20 and 30 miles. But for longer distances, the gas tank provides the range. The battery is only for short time storage of electric energy, and with plugin hybrids, the electric power train is more or less a replacement for a mechanical gear box.
Thats quite different from an all-EV, where the sole provider of range is the battery, and there is no other power train than the electric one.
Something easily disproven in five seconds of searching.
Then you should have no problem showing a link that disproves that 100% of every electric vehicle fire has been a shit Tesla.
The fact that you can’t proves me right.
You're lying again. This is a discussion about electric vehicle manufacturing. You lied about Tesla being on top. It's not.
Now you're trying to shift the discussion toward "battery manufacturing capacity".
So in your view, is Aramco the biggest automotive manufacturer in the world by the same logic?
My understanding is that Tesla imagines the same thing as BYD, it just approaches it from the opposite direction. BYD comes from public transit, where price per passenger and per distance is critical. Tesla comes from the mid end luxury vehicle, where comfort and performance are critical. Both are aiming at the mainstream consumer vehicle market.
Compared to Western brands, not in most of the Western countries. The struggle just to break into most Western European markets for them for example was huge and is ongoing.
If you can't comprehend written text, and read it as "you can't buy them", it's indeed nonsense.
Next time, do try to actually comprehend the text before you reply, so you don't look quite as daft as you ended up doing above.
They do make cars that sorta kinda comply with regulatory standards. But they have little chance of breaking into the market, because of all the factors you mention affecting reputation of the brand.
Notably, South Koreans are still suffering from their branding issues because they had most of the problems you list just a few decades ago. Back then, they had the same problem with the utterly protected local market where they had really easy time selling their cars. And as a result, they didn't really have to compete with foreign brands on merits, and their products had all those problems that Chinese ones have today.
They'll get over those problems in a decade or two most likely. How long the brand damage will end up lasting is a wholly different story. South Koreans are still suffering from it, their sales numbers nowhere near their Japanese counterparts in Western European markets for example. And it's been decades since they had those quality problems.