An executive in Silicon Valley changed jobs? That IS headline news. Really has no bearing on the company getting into the Dow30.
I’m not in the market for a Model S for the same reason I’m not in the market for an S550/750i/A8. I don’t want a full size luxury sedan. So instead of a 70D, we have a $70k Boxster. I’m not sure affordability was the problem? It’s more like when there was a $600 iPhone1 and you knew a $199 iPhone3 was coming soon. Sort of made sense to wait.
I think it would make sense to deprioritize the powerwall if you have 400,000 preoders for cars. You can make a lot more money if you sell batteries with a car wrapped around them.
Actually the talent departures at Tesla were described as a flood. Not one. Not two. Dozens of senior management members.
There’s actually a hedge fund who tracks management and executive departures as a metric for identifying companies to short. They said Tesla is the top company in their list (for losing staff)
[quote]Tesla puts pedal to the metal, 500,000 cars planned in 2018
[/quote]
Just crazy. I feel like one day we’re going to see a Wolf of Wall St type movie where it’s Elon Musk rather than Jordan Belfort (?sp).
People at Tesla work 80 hours a week. The fear is real. They’re under tremendous pressure to deliver. They are running a 7 day shift at the factories.
Whoever fucked up the Model X in manufacturing basically got fired. I’d be worried if some executives didn’t get the axe. Of course they announce it as leaving on mutual terms. These guys have huge egos and if they don’t get a multimillion stock grant at the end of the year, they walk over to Apple or Google or wherever.
I said in this thread that Tesla could deliver 500,000 cars in 2018. Now Tesla is confirming they are targeting 500,000 in 2018 on their quarterly earnings call yesterday, up from 2020.
If you want a play by play of where things are going, you should listen to me. If you want to bitch and complain about how it shouldn’t be possible or it might not work, listen to the other guys. History is on their side because every American automaker in history has gone bankrupt, except for Tesla and Ford. Just a matter of time, if they were a traditional automaker. But I’ve established many times they’re a distribution house for transportation technology, not comparable to GM or VW by any metrics. When they’re done, the profit is going to make Apple look small.
This thread is classic in that it addresses what Tesla can’t do in a year and completely misses what it can do in 10 years. They have shown they can keep up the momentum and novelty, it has translated to orders, capital markets are providing the financing support, and the sold/delivered cars will go out. It will go from boutique automaker to mass market Prius killer. Then competitors will emerge in this category.
The 30 year Ford bonds aren’t looking so good. It will be very hard for them to enter this category. It will be impossible for them to take focus off of their fixed production UAW monster. They’ll put an electrified car in every product line and completely miss consumer tastes, which are with Tesla.
From Elon:
“The date we are setting with suppliers to get to a volume production capability with the Model 3 is July 1 next year. So as a rough guess, I would say we would aim to produce 100,000 to 200,000 Model 3s in the second half of next year. That’s my expectation right now.”
p.s. anyone know where the battery swap stations are? Oh they cancelled that idea? Oh…
How about the power wall? Oh they shut that down too and refunded all those deposits? Oh…
The supercharger stations network though…that’s all truth right? HEre’s musk himself explaining the broken promise when asked about why the pack swap station network was scrapped…
[quote]“It’s just, people don’t care about pack swap. The Superchargers are fast enough that if you’re driving from LA to San Francisco, and you start a trip at 9AM, by the time you get to, say, noon, you want to stop, and you want to stretch your legs, hit the restroom, grab a bite to eat, grab a coffee, and be on your way, and by that time, the car is charged and ready to go, and it’s free. So, it’s like, why would you do the pack swap? It doesn’t make much sense.”
[/quote]
Hmmm…I’m envisioning “hit the restroom, grab a bite to eat, grab a coffee” to be popping in to a Starbucks and grabbing a panini of some sort and a coffee and being on your way after a piss (which you took while waiting for the sandwich to grill). What are we talking, 10-15 minutes?
Only problem with that plan is that in 10-15 minutes you’ll only have added about 20 miles of range lol. In reality to charge your tesla up at that quick ‘grab a coffee’ stop you’ll need to spend 2 hours there. Sounds like fun eh! What Tesla needs is a simple one stop system that takes 2-3 minutes that swaps out your dead battery for a charged one and then…oh wait never mind.
1,000,000 cars a year by 2020. I wonder if all 3 million owners will agree with the luddites on this thread. On board power plants are the new landline phone. Cellular - it just doesn’t work!
It’s funny, for all your yammering, you miss the point.
nobody is saying Teslas are garbage or that nobody likes them
nobody is saying the business is dead or about to shut the doors
The point of the thread was simple…they’re selling hella overpriced cars (you said they’re ‘cadillac quality’) and are being heavily government subsidized to do so…all while not really doing a fucking thing for the environment. No part of it makes sense and the only merit seems to be that they accelerate hard from a dig (but no harder than other similarly priced cars).
That’s it.
The company’s history of breaking promises, overpromising and underdelivering, and frankly operating like a ponzi scheme are other discussion points, and you keep avoiding them all. You instead create your own argument about stuff nobody is talking about, including making up a bunch of shit that you then spout as facts. You talk about the electric cars being the future (even though anyone with a brain knows electric is a joke, and that hydrogen is the future)
This is why your karma is shit. You’re basically talking to yourself. -12
Question for you guys - if there was a government shutdown because congress didn’t pass the budget, do you think Tesla would have to close the plant? Or is the “subsidy” really not “cash flow”?
$35000 is not overpriced when average new car is $34000
The air and water (oil on roads leaking) is the environment
A growth company isn’t a ponzi scheme. It’s still the highest quality American car. It is also the most technologically advanced car ever made in terms of software, though it has fewer mechanical parts.
This thread was war room a long time ago. If karma was a real system Jeb Bush would be the nominee. I’m flattered that you think of me daily Sakim but let’s not get to a point where your personal obsession interrupts my B8 modding journal.
but if the subsidies stopped two things would happen
people like you wouldn’t be able to afford a model 3 anymore
tesla would lose even more money than they already do
the funniest part of this all is that even if they make it to full capacity and your mythical million cars a year…they’ll then be faced with the harsh reality - cars are a shitty business with shit margins and huge risks.
Once they’re faced with millions of recalls when they’ve actually got cars on teh road…and millions of warranty claims…they’ll come face to face with the fact that they’re in a business where you make about 8 to 10% with INCREDIBLE capital requirements. A quick currency move means that 8% is wiped out and you just ran a multi billion dollar business for free for 12 months.
The people buying the stock at $220 will find out the same thing. It’s not a tech stock, it’s a car company. And that’s a shitty business.
The $7500 buyer subsidy ends in 2018 for Tesla. The California subsidy already ended in 2016 ($2500). Do you think that will stop Tesla from making more US cars than BMW, MB, Audi or porsche in 2018? Or maybe there is some pent up demand there.
Show me in a statement of cash flows where Tesla gets a check or financing from any government, local state or federal. Because they don’t.
Most recalls have been avoided with OTA software updates.
