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Tesla Misses Model 3 Production Goals

wsj.com

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Re: Tesla Misses Model 3 Production Goals

#71

Post by toephu2 »

modeless wrote: post #3

Actual source: http://ir.tesla.com/releasedetail.cfm?ReleaseID=1042449 OT: Sad how difficult it was to find this. The media avoids linking to primary sources. For example, Engadget's 3 paragraph article contains no less than 5 links back to engadget.com and not a single mention of this source.

I found it quite easily in a few clicks actually. I too wanted to see the original so I just googled "tesla ir", clicked first link, then at the bottom of the page I saw 'Recent Releases' and clicked 'Tesla Q3 2017 Vehicle Deliveries and Production'

Re: Tesla Misses Model 3 Production Goals

#72

Post by unepipe »

toephu2 wrote: post #71
modeless wrote: post #3

Actual source: http://ir.tesla.com/releasedetail.cfm?ReleaseID=1042449 OT: Sad how difficult it was to find this. The media avoids linking to primary sources. For example, Engadget's 3 paragraph article contains no less than 5 links back to engadget.com and not a single mention of this source.

I found it quite easily in a few clicks actually. I too wanted to see the original so I just googled "tesla ir", clicked first link, then at the bottom of the page I saw 'Recent Releases' and clicked 'Tesla Q3 2017 Vehicle Deliveries and Production'

The comment was clearly critiquing Engadget's journalism (lack of original source citation).

The comment was not regarding the quality of Google's search engine results for given keywords.

Re: Tesla Misses Model 3 Production Goals

#73

Post by pazimzadeh »

dilemma wrote: post #59
ovao wrote: post #56

Earlier quoted context omitted.

I’m curious: why should one not rely on the BBC as a primary source of news about Britain?

Because BBC is influenced by the British power structure.

Not sure why you're getting down voted whereas I got upvoted.

Whether it's conscious, most people/groups/governments have an easier time rationally evaluating others vs themselves. Just like I'm doing right now.

Re: Tesla Misses Model 3 Production Goals

#75

Post by dogruck »

adventured wrote: post #66
Animats wrote: post #63

Only 220 Model 3 cars in an entire quarter? There's a big problem somewhere. That sounds like some key part of the production line doesn't work at all, and something is being hand-built to get some product out the door. Tesla isn't saying what's not working. Has anything leaked out? When something like this this happens, the manufacturer has most of the costs of full production with the revenue of tiny production. Pr…

It's extremely unlikely there's a big problem in the sense that you mean it. The Model 3 is easier to produce than the Model S and less complex. There's practically nothing new on the Model 3 that would plausibly be a big thing that's not working as to hold everything up in the scandalous manner you're implying (leaks, hand-building, not working, big problems, oh my). More likely is that Musk set an overly ambitious…

I don't think OP's post is as hyperbolic as you characterize it.

The press release makes it clear that there was a major production bottleneck. Will it get fixed? Very likely. But as of today, they've got a serious problem.

Absent more data, I think the OP's guesses are plausible and not malicious.

Re: Tesla Misses Model 3 Production Goals

#76

Post by dogruck »

colechristensen wrote: post #18

This isn't news, it's gossip. ~200 instead of ~1500 means the bootstrapping is a little off schedule. It's stories like this and the attitude that they're important which gets us very destructive behaviors like putting production quota ahead of quality. Production misses are news when they're for substantial cause. Like a 10% miss for an S or X might be news.

It's not a "story" -- it's an investor relations press release.

Re: Tesla Misses Model 3 Production Goals

#77

Post by chambo622 »

lafar6502 wrote: post #64
Animats wrote: post #63

Only 220 Model 3 cars in an entire quarter? There's a big problem somewhere. That sounds like some key part of the production line doesn't work at all, and something is being hand-built to get some product out the door. Tesla isn't saying what's not working. Has anything leaked out? When something like this this happens, the manufacturer has most of the costs of full production with the revenue of tiny production. Pr…

Yep, that’s why Elon is suddenly talking some random bs about rockets.

Very clever of him to also have founded SpaceX for this very reason.

Re: Tesla Misses Model 3 Production Goals

#78

Post by unepipe »

parent5446 wrote: post #50
dilemma wrote: post #47

Earlier quoted context omitted.

The press release was created to provide information to news organizations. It is extremely odd to say they are not good sources.

It's a first-person source, coming from the company itself. Thus it's inherently biased toward the company and not the best source. This is as opposed to when the news article itself is a primary source, which is achieved by a reporter actually reporting what is happening in-person at the source of the event. Of course, in this case it's a bit hard, since the only insight into Tesla's production goals is what they re…

You do realize that Tesla is a publicly traded company, and what you are saying (that they would misrepresent production numbers) would be securities fraud. They publicly stated their goals: https://www.forbes.com/sites/alanohnsman/2017/08/02/tesla-st...)

They did not reach their goals. No need for paranoia.

https://en.wikipedia.org/wiki/Securities_fraud

Re: Tesla Misses Model 3 Production Goals

#79

Post by parent5446 »

unepipe wrote: post #78
parent5446 wrote: post #50

Earlier quoted context omitted.

It's a first-person source, coming from the company itself. Thus it's inherently biased toward the company and not the best source. This is as opposed to when the news article itself is a primary source, which is achieved by a reporter actually reporting what is happening in-person at the source of the event. Of course, in this case it's a bit hard, since the only insight into Tesla's production goals is what they re…

You do realize that Tesla is a publicly traded company, and what you are saying (that they would misrepresent production numbers) would be securities fraud. They publicly stated their goals: https://www.forbes.com/sites/alanohnsman/2017/08/02/tesla-st... ) They did not reach their goals. No need for paranoia. https://en.wikipedia.org/wiki/Securities_fraud

Where did I say that they misrepresented their production numbers, or committed securities fraud?

In any case it's not paranoia. No matter what the law is, a press release is a first-party source. It is inherently biased toward the company. By no means should it be compared to an independent source, such as a report from an auditor or independent regulators.

Re: Tesla Misses Model 3 Production Goals

#80

Post by colechristensen »

refurb wrote: post #61
colechristensen wrote: post #53

Earlier quoted context omitted.

There are something like half a million Model 3 preorders. They just started production, 200 or 1500 – both are but a rounding error compared to the actual full production rate. (order of 10k/quarter) It's something like criticizing someone for running 75 feet instead of 400 in the first 45 seconds of their third marathon because they had to re-tie their shoes.

Well considering sometimes tripping up in the beginning of a marathon can mean you lose the race, I'd say it's a very important number.

Then what isn't an important number? Is everything worth a headline? How do you select what is and is not noteworthy or important for an investor or news consumer?

Why is Tesla missing it's Model 3 targets at the very beginning of the production run (hundreds of cars) more relevant than the Model S and X productions exceeding targets by "several thousand"?

Looking at the first two columns of WSJ tech page that lists that article ... articles are on (Apple, Tesla, Google, Facebook, Goldman Sachs/Bitcoin, Uber). Looking at that list of companies, would you guess that WSJ's editors are pushing the most relevant and important information, or the information their readers want the most? One is gossip, the other is news. People gravitating towards the news they want to see and news producing information tailored for their audience is the greatest force of evil in the 21st century. Popularity drives every news outlet to the bottom until you can't tell the difference between TMZ and WSJ.

Where do I go if I want to read actual news instead of the business gossip column?

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