It turns out that Signature customers really don't mind. Here's a typical comment (reprinted without permission):
"Seriously, though, I understand that there are sometimes problems in manufacturing. Glue problems with the sensors, motor problems for the second row seats, seal problems on the doors. I've got no problem with that. It is part of running a leading edge manufacturing company, building what will be the best car ever built. I know it will be worth the wait, especially since I just got to drive one this past weekend in Burbank. What a car!
What I can not excuse is the abhorrent communication. As the Signature reservation people, we were the people who truly believed in Tesla mission. Now it seems that we have been totally forgotten. Personally, I have never received even one update from my DS that I didn't initiate, which has only been a few times, since I don't want to bug him. In return to my emails, I have only received empty, standard responses.
Maybe I'll just re-badge my Signature Edition as Mushroom Edition."
"Do you use LED lighting through the house?"
Nope, I use CFL's. They provide almost the same lumens/watt and cost 1/10th the price. I have a 96% NG furnace and a tankless NG HWH. I admit I still have an electric range and electric dryer. In the winter, I vent the warm/moist dryer air into the house. I have a box rigged up with a furnace filter in it - works great.
Here's an interesting development. With a hundred or more MX Signatures still waiting on parts, Tesla is going to go ahead and start delivering the Production series. I've seen 7 forum posters stating that their delivery guidance was in the Feb 15-25 range. Finally this morning I see a confirmed delivery date - Feb 15.
Obviously Tesla wanted to deliver all of the Sig's first, but they need cash flow more than they need satisfied Signature customers (some of which have already paid in full).
elon: "In the long run, we expect the gross margins of Model S and Model X to converge around the 30% number"
And a year ago, he stated that GM would improve to 28% by the end of 2015. They only achieved 2/3 of that. I wonder why nobody mentioned it in the CC? It would seem to be a critical metric.
Inventory sales were bigger than I expected. I was thinking right around 3000 units. It turned out to be 3742.
Model S: 13,530 produced, 17,272 sold. It's no wonder that the gross margin was so low.
Did anyone notice that they actually LOST money on non-automotive revenue?
Did anyone notice that overall Gross Margin (including ZEV) dropped a massive 6.7% (24.7% down to 18%)?
For sure. At the time I read it, I was taking a course in Greek philosophy, which made it all the more interesting. Bolstered with an appreciation of Plato's writing, I took it upon myself to read his Phaedrus. Holy smokes, I couldn't make heads or tails out of it! Maybe I'll venture into the basement, find my Plato book, and read it with fresh eyes.
Just killing time as we wait for the gavel to fall...
When I hear mention of Bozeman, I always think back to the best book I read during my college years.
You can summon your car from 10 feet away? Really?
And who unplugs it in the garage? Does your wife have to do that? Or can you train a wall snake?
KB: "Can you quantify your claims?" [incentives in China in Q4]
Yes, I found the article on InsideEVs. Here's an excerpt:
"And here comes new incentives… Tesla Motors announced on its Chinese blog in November a year-end discount of up to 80,000 Chinese yuan (today over $12,500) if a Model S buyer switches from non-electric or other electric cars."
My memory is not so good these days, but I'm remembering light trading volume on ER days in the past. Conversely, today's volume is "exceeding expectations". I don't know whether to read anything into that; it's just an observation. Of course, if you want to see real volume, look at SCTY.