Earlier quoted context omitted.
Curious: What do you think is Tesla/Musk's "end game vision"?
To make humanity an interplanetary species. http://www.theverge.com/2016/9/27/13079472/elon-musk-mars-sp...
Oh that's all?
Tesla to raise $1B
141–150 of 334 posts
Re: Tesla to raise $1B
#142The notes:
will rank senior in right of payment to any of our indebtedness that is expressly subordinated in right of payment to the notes, (in other words, they're not senior to anything no explicitly listed as junior, or any existing debt)
will rank equally in right of payment with any of our unsecured indebtedness that is not so subordinated (including our Existing Convertible Notes),
will be effectively junior in right of payment to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness and will be structurally subordinated to all indebtedness and other liabilities (including trade payables) of our subsidiaries...
That's a rather junior senior note.
None of this matters unless they go bust, in which case it really matters.
Re: Tesla to raise $1B
#143As an investor of Tesla who bought into Elon's vision I've been getting more and more nervous about how the company is actually run at this point. A modern car company is as much of a production and supply chain company as it's a product and tech company. I get the feeling that due to Tesla being cutting edge in the tech department it led to all the supply chain/production problems being treated as if they are speed…
The point at which Tesla will become not a pie-in-the-sky wet dream is when the price point matches a run-of-the-mill Honda. Right now, having a Tesla is like having a Maserati. I know zero people who have one, my wife (a structural integrationist) _works_ on people who have them, so I am like two social tiers away from thinking of affording one, which, for me, is like dreaming of that Kawasaki Ninja I had postered o…
Hot swap battery stations need a lot of spare battery's which gets crazy expencive. These things are 30+k each at the high end.
Re: Tesla to raise $1B
#144Earlier quoted context omitted.
Arguably the Model 3 is not a high end luxury car either, not priced at $35k. The Bolt is a direct competitor to the Model 3 with first-mover advantage. The only argument against that is one has a badge that says "Chevrolet" and the other says "Tesla". If the Model 3 didn't have the Tesla name, no one would think anything of it. It'd just be yet another compact electric car, yawn, who cares, and then they'd buy the C…
I'd say that the model 3 is comparable (in price also) to the BMW 320i. The Chevrolet Bolt is similar in price, but I think somebody making a comparison between a BMW and a Chevy would be similarly mistaken. BMW and Tesla are luxury car manufacturer. Chevrolet isn't. IMHO, the bolt is overpriced. It's a crossover SUV from a manufacturer that is known for making low cost, high-volume cars. It looks like it is most sim…
I would say a model S has more in common with a mid range Chevy than a luxury car. This will probably be more true with the model 3.
They are fun to drive, but try a Tesla and then a Audi, BMW or Mercedes and it is a different world inside the car.
Tesla is not a luxury car, just a very highly priced and high performance car.
Re: Tesla to raise $1B
#145Earlier quoted context omitted.
Although I applaud your skepticism, I think it's misplaced. My first job out of University was working for Daimler-Benz when they owned Chrysler. I was a front line eng supervisor at the plant level focusing on In System Damage, Federal Torque and a host of other quality issues that were plaguing the company at the time. I dealt directly with it so I can tell you, Supply Chain is not that big a deal to fix. They will…
I'm very curious how you were able to save the company millions of dollars.
My wife works in supply chain (top 5 cosmetics company in Brazil) as a senior analyst and she alone managed to save several million dollars in the last couple of years just by doing the right stuff with Microsoft Excel, the right stuff nobody was doing before she joined them. You would be surprised how amateurish big rich companies can seem sometimes.
Re: Tesla to raise $1B
#146As an investor of Tesla who bought into Elon's vision I've been getting more and more nervous about how the company is actually run at this point. A modern car company is as much of a production and supply chain company as it's a product and tech company. I get the feeling that due to Tesla being cutting edge in the tech department it led to all the supply chain/production problems being treated as if they are speed…
I have a model 3 reservation, but I don't think it can be successful on this timeline. I mean it seems like the design is still not 100% set and we are just now seeing test cars. For other car makers this would mean mass production is at least a year away.
Re: Tesla to raise $1B
#147Earlier quoted context omitted.
Curious, where is everyone going to get their batteries?
Tesla doesnt make batteries they just package the cells, anyone can do this if the market demands it. Automotive companies are quite good at supply chains.
You dont know what youre talking about. They do make batteries. 2170s are rolling off the gig assembly line as we speak. They are already in their products. Please think before you speak.
Re: Tesla to raise $1B
#148Earlier quoted context omitted.
Although I applaud your skepticism, I think it's misplaced. My first job out of University was working for Daimler-Benz when they owned Chrysler. I was a front line eng supervisor at the plant level focusing on In System Damage, Federal Torque and a host of other quality issues that were plaguing the company at the time. I dealt directly with it so I can tell you, Supply Chain is not that big a deal to fix. They will…
I'd like to know what vehicle programs you were on at DMX during that time, because other than WK1, L cars were a mess, and now that I think about it, nearly every other DMX B/C segment program I was involved with was a mess with respect to quality too. fyi, I cut my teeth on WK1 and WK2. I love JNAP, and Jeep - I found a home there.
Nice to hear. I worked on B/AB, D. My impression was that everything seemed to be a mess, but especially management. My direct supervisor (an area manager) wanted me to fudge the numbers and lie to his boss (a center manager). By then, I'd had enough and left.
Re: Tesla to raise $1B
#149Disclaimer up front: I work for a Tesla competitor. If I were a Tesla investor I'd want to hear more about how Design for Automation is going. If you plan to automate vehicle assembly in a cost effective manner (as Musk has indicated), your components and your assembly operations must be designed for that automation. Tesla has had notable problems getting suppliers to understand and implement their plans (BorgWarner?…
Their agility in comparison to GM is communicated very well. At least they tackle innovative moonshot projects, it motivates people to give their best.
In other companies the ones innovating are the minority and people dwell on past successes.
I'd rather work at an innovative company than for GM.
Re: Tesla to raise $1B
#150Earlier quoted context omitted.
The point at which Tesla will become not a pie-in-the-sky wet dream is when the price point matches a run-of-the-mill Honda. Right now, having a Tesla is like having a Maserati. I know zero people who have one, my wife (a structural integrationist) _works_ on people who have them, so I am like two social tiers away from thinking of affording one, which, for me, is like dreaming of that Kawasaki Ninja I had postered o…
It would probably be easier to have charging stations with people hot-swapping batteries, than charging station with extremely fast charge times. It would be a task that could be automated right out of the gate too.
I like this idea too. Because battery positioning within a car is quite important (at least what have read about the teslas it is) there could be a smaller 100km (60 mi) range swappable battery that is easy to remove and replace.