Can someone clarify this: when I bought the laptop it used to run on battery for 5 hours straight. For the first year I didn't notice much degradation. After that it started to last shorter and shorter and 3 years, it now runs only one hour on batteries. I noticed the same for my phone. Aren't these the same type of batteries? So am I to understand that Tesla batteries will not degrade year after year and last less and less long between charges?
When Elon publicly states that ALL Tesla cars sold today come standard with hardware that will "someday" allow them to drive themselves, but then is forced to admit that the hardware is now ( in a few years) obsolete, will Tesla upgrade (if even possible) at their expense? And it will not be as simple as replacing a few cameras. When we style the exterior of any car or truck, the specific shapes of the front and rear clips are laborious tweaks to allow senors to function optimally. Tesla could possibly be required to replace these body components, to get full a full autonomous vehicle. Or are Tesla's claims so ambiguous that they will be able to skate? Technology is changing so fast, that there is no way the #$%$ Tesla is shipping will be viable in just a few years, and lack of LIDAR has already dropped them way behind other manufacturers today. I predict numerous class action law suits.
April 2016:: According to Musk, Tesla will build 1,000 Model 3s a week in July. <<< === you've been scammed
I told you so
(((( According to Musk, Tesla will build 1,000 Model 3s a week in July. That figure will climb to 2,000 a week in August, 4,000 a week in September, )))
Although snakes are a harmonious part of the natural world, let's say you want to go into the snake oil selling business to save the planet from snakes.
It's assumed you want to kill 2 birds with one stone (in fact you must to survive) - not only save the planet from snakes, but make a profit doing it.
Couple of hurdles -
A. there are others out there already producing real profitable concoctions and potions who are capable (have all of the necessary plant machinery etc) and willing to produce and sell snake oil for any and all who want to buy snake oil.
B. they can do it cheaply,
C. the cost of new entry into the automated snake oil selling business is high, very capital intensive,
D. while you have plenty of experience marketing snake oil, you have no experience or equipment to actually produce it.
Let's assume you've sold a few bottles of a very expensive snake oil using a slow labor intensive inefficient snake oil production process.
Unfortunately, even though the price was very expensive you lost money, because the market for expensive snake oil is only so large,.. and of course the production process was too costly.
So you come up with a cunning 2 fanged plan to 1. lower the price to increase the size of the market and 2. reduce the cost of production by using robots.
So what happens?
Just what you'd expect.
You spend in the end (as some sources say is req'd) about $12.5 billion on plant, equipment and robots (half of this has already been spent,... 2/3rds of that in the last week) to produce snake oil for what turns out to be (due to the lower cost of readily available non-snake oil products) a market of about 200,000 bottles of snake oil per year.
Let's be generous (as was the 200,000 bottle per year market) and say your profits are $2000/bottle.
$2000 x 200,000 = $400 million/yr.
The annual interest payments alone on the debt at a simple 5% is $625 million/yr.
There's no need to even look at paying off the principal of the debt.
And how many of you snake oil salesman supporters have actually bought and installed snake oil on your roofs to save the planet from snakes. That's what I thought, none.
tesla just announced they'll now build 1500 model 3's for all of 2017.
This is down 36,500 from the approx 38,000 musk said would be built in his legendary "model 3 ramp up" comment where he said 350 would be built in August with production expanding exponentially up to 20,000 in December.
tesla also said 120,000 model 3's would be built in all of 2018,... down about 380,000 from the 500,000 he promised in the same comment above.
If this keeps up,... at some point musk will announce no model 3's will be built in 2017 or 18 or 19,....
obviously because tesla went BK borrowing all the billions in August 2017 trying to figure out how to build the model 3.
Tesla's next earning release is going to be one of the ugliest releases since Enron's last release.
Rick for Real
Nice try on that phony racing story. Put that golf cart car on any race track beyond a 1/4 mile. A track that requires torque to be somebody, and all of a sudden it's a laugher. Lamborghini's are not made for 1/4 miles runs. Nice headline till you look into context, reality.
i would bet anyone this goes sub $200 and relatively soon, less than a year.
((((( Tesla signs $9 billion agreement to build factory in China, report says )))) <<<< ==== Awesome .. great ... wow
(((( This report comes six months after company CEO Elon Musk revealed that Tesla intended to choose a production facility site in China by the middle of 2016. )))
Of course Tesla can fund the factory using profits from the Hyperloop and unicorn rentals.
But who knows, maybe Elon will issue more junk bonds. just to have a cushion.
I know Telsa is busy saving the world, and all, but have they saved Southern Australia yet? Has it been 100 days? " The South Australian government and Tesla have declined requests to provide details about the total project cost for the "world's largest grid-connected battery." Musk admitted that Tesla could lose in excess of $50 million if it is unable to meet its promised deadline.
Tesla could easily see $40B in 2018 revenues!
Sold bonds so they can refund Model III reservations.
Sales per employee
TSLA 566k Ford 764k GM 715k Tesla way less efficient than competition.
How many vehicles did they deliver this week?? No one seems to know. "Classified" information.......eh??
I'm unclear as to Tesla role in the GE project which was putting solar systems on 30 Home Depot buildings.
I read that Tesla power wall storage systems were placed in six buildings.
Is that the extent of Tesla's contribution to the project?
Also, as Home Depot only pays for discounted electricity produced by the system, Was wondering if Tesla got paid for the project up front, or recoups its investment As Home Depot buys electricity?
Since this board's tesla bear coalition's fact based (as always) breaking report from tesla's q2 results (the thing tesla tried to hide) on tesla's burning cash at a $1.2 billion per qtr clip (meaning with a shareholder equity of just $5 billion million tesla would be BK in about 2 or 3 qtr's), musk has been on a junk bond selling spree not seen since Enron and SunEdison,... Coincidentally both claiming to redefine the energy industry paradigm.
As a result of this reckless borrowing and accompanied spending, contrary to musk's comments within the last year that "tesla needed no more money to fund the model 3" -
A. musk's personal net worth is approaching 15 times tesla's shareholder equity. (He's covered no matter what happens to tesla. He has no incentive for fiduciary responsibility. )
B. any hopes of profitability for the model 3, if production ever comes to fruition, is a beat up old can being kicked decades down the road, perhaps being kicked so hard it reaches escape velocity and manages to make into permanent orbit. There is a point where the capital expense is so great, a return will never be realized.
In other industries, such as oil, when the cost to harvest and process the product exceeds the price it can be sold for, investment ceases. When demand drives prices above cost, it resumes.
Not so with musk (who has his $15 billion), tesla (who is blowing its $5 billion), and the mental mush that is the brains of the tinfoil hat wearing musk worshiping CO2 cult (who will lose their $58 billion MC in about 2 qtrs), because there's a pot of gold at the end of the rainbow mirage. And somehow if you sing kumbaya and spend enough money the cold hard reality of economic theory can be defeated.
As a result, the future of the model 3 (and tesla) is short.
It will either be scrapped for some other economically unviable and therefore also short lived snake oil product musk will dream up, if he hasn't already, or tesla will go bankrupt sooner rather than later..
There are no other options.
I mean if you can't make a profit selling cars for $135,000,.. you're certainly not going to make a profit selling a stripped down version of the same thing for $50,000 no matter how much you believe in it.
You're certainly not going to sell them in a country where the average house hold income is $1500/yr if you can't sell them in a country where the average household income is $50,000/yr.
All the CO2 alarmist pixie dust in the world won't change science and economic facts.
Guess which company was it? "Company’s new debt issue traded below par almost immediately" Hint: It was one of the super mega companies with a genius CEO.
Model 3 will cause Telsa's demise. Loss of 30K on each car. No wonder Tesla is not producing them. Its by design. Just keep creating hype and cash in stocks, thats the whole plan. Musk will be gone by next year on to another stupid project when he runs out of excuses and lies. Sometimes he blames part suppliers, sometimes battery shortage and god know what else. Wait didn't this scammer say two years ago he would be producing 100mil battery packs by 2018?
It is laughable how the Tesla Lemmings are all hyped up about the range of EV. My 1963 Chevrolet had more range than these so-called high tech EV's. Isn't that funny? And Musk can't even manage to get the model 3 into mass production. Don't worry, Elon, the quantities you will sell will be about 1/10th what you have been saying, so yo may be able to meet that amount of production by say 2020 and deliver the cars people ordered in 2016 AND 2017. The order quantities will continue to fall like a rock. You will be lucky to still be solvent by 2019. I would not be surprised that any day or withing a couple months from now, you will file for BK. Don't you understand we have you figured out? You are a big liar and do not know haw to run a company at a profit.
How does he get away with IT? How does EM constantly lie, mislead and manipulate without any consequences? I guess when the longs actually start losing real money, the SEC will step in and put him where he belongs. Love reading articles from 2013 where EM states they will be profitable next quarter, yet never have turned a real profit---aside from tax credits....funny and sad.
Rick for Real
Where are they? No answer from either Mark or Delusion, on a true head to head performance test. On the one hand one thing,
on the other something else. T Sham can only play to a limited slice, of narrow pipe dreams. Endless talk, nothing to show.