So I can pay $10,000 for an 8 hour backup system, assuming that the power outage happened at the right time of day and my batteries weren't flat from load-shaving in the afternoon. Remind me again how much a $400 generator costs? And when you run out of juice, is it easier to recharge the battery or refill the generator? If you have trouble answering these questions, then a Tesla battery system may be right for you.
Agreed. Already on the market. From Business Insider: "Chowdhry pressed them for details, and here are the basics, according to what he was able to learn: the system is offered, currently, in 10 and 15 kwh configurations to solar customers who do not own electric vehicles or plug-in hybrids; the battery pack costs about $13,000"
$1000 per W-h sound about right?
From the 10-K: "As of December 31, 2014, we had deferred $9.4 million of lease-related upfront payments which will be recognized on a straight-line basis over the contractual term of the individual leases."
I assume that when a car is traded in, the balance of the income is recognized immediately. When you factor in the trade-in rate and the number of months left on the "lease", the impact is likely less than $1M. Much less than I was originally thinking.
I have to believe that a fair number of the cars sold with the residual price guarantee are being traded in early. That should reduced some of the gap between GAAP and non-GAAP numbers. In other words, some of the deferred income will now be realized as GAAP income. We should already have seen some indication of this in Q4. I'll take a look when I have some time.
"Why does it amaze you? "
The whole reason I follow the Tesla story is that I never cease to be amazed. If it was boring, I would hang out elsewhere.
I think Toyota and Daimler were put off by watching Elon go through the "True Cost of Owning Tesla" calculation. I don't think they stuck around for the non-GAAP dissertation.
"And this is Ok with you?"
My advice - Any company proficient at extracting government incentives is a solid investment.
There are four significant brake issues that have been discussed in the forums.
1) Complete lack of hydraulic pressure - pedal to the floor.
2) Unexpected lack of braking force when the brakes are wet.
3) Brake pedal alignment allows inadvertent engagement of the accelerator pedal.
4) Slow hydraulic leakdown - pedal will slowly sink with continued foot pressure.
And of the four items, I have seen resolution to none of them. Surely someone has the answers.
Future, you don't think that these are valid concerns?
The owners seem to think so. Granted, complaining about some paint pucker on the under edge of the hood seems nit-picking. But the brake pedal going to the floor, holy smokes!
My gas burning ICE mower started on the first pull this spring. First pull! Kudos to the engineers at Briggs and Stratton.
"Walmart is a good demonstration project."
Not unlike the Bloom Boxes installed at Google. Anyone know if they're still hooked up?
Often during the end-of-the-quarter delivery blitz, we see a handful of California cars that are confirmed and delivered within a month. Now we are seeing it mid-quarter. There is a customer on the TMC forum reporting that he confirmed on Mar 23 and is scheduled for delivery on Apr 23. In my opinion, that's bigger news than home battery storage.