I feel like I should cancel my reservation of Tesla Model 3. Something tells me that subscription-based autonomous cars will be here before my Model 3 and will render purchasing cars useless. Anybody in a similar boat?
Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
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Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#22Tesla best car I ever owned. I will wait 6 months if that what it takes for perfection.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#23Since this came out as part of the Tesla earnings, here's my recap from their earnings release and call.... - Tesla will be late getting up to 5,000 units a week of Model 3. It will happen at the end of Q1 instead of the end of this year. The bottleneck is batteries. - Some lines are at only 500 cars a week. Namely the battery pack assembly, body shop welding and final vehicle assembly. - The $2.92 a share loss was m…
"key elements" of the battery module assembly had to be taken over and redesigned, Musk says. Tesla seems to be taking the opposite approach to Apple here. In my observation, Apple drives its suppliers extremely hard to achieve the quality it requires. Tesla, on the other hand, is too eager to bring any sundry part in house (e.g. car seats). Apple's approach appears to work in that it pushes suppliers to do what's ne…
You could substitute Apple with Wal-Mart in your comment and every bit would be just as true.
Sometimes forcing your supply chain to pinch every penny works out the best for your shareholders.. sometimes focusing on quality products pays off more in the long run.
Time will tell.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#24Out of curiosity, has anyone who paid the $1000 to get in line for a Model 3 actually heard back from Tesla? I've never received any communication about timelines at all.
Me neither. Also, I am trying to get my $1000 back for 2 months now since it probably would take around 2 years until I get my Model 3. They are delaying and delaying the payout, so instead of me becoming a Tesla customer I am hating them more from day to day.
I got mine back fairly quickly, for what it's worth.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#25Since this came out as part of the Tesla earnings, here's my recap from their earnings release and call.... - Tesla will be late getting up to 5,000 units a week of Model 3. It will happen at the end of Q1 instead of the end of this year. The bottleneck is batteries. - Some lines are at only 500 cars a week. Namely the battery pack assembly, body shop welding and final vehicle assembly. - The $2.92 a share loss was m…
The bottleneck is absolutely not batteries. From the document, they specifically state that they have multiple steps which are only able to operate for short periods at 500 cars per week, which basically means 500 cars could be produced if you take how things went for two hours and assume that rate can be maintained for a week.
Ummm
> Some lines are at only 500 cars a week. Namely the battery pack assembly, body shop welding and final vehicle assembly.
of those, the battery pack is the big issue.
From Gabrielle Coppola, bloomberg's auto analysts:
> The biggest production constraint by far is the battery module assembly. A systems integration contractor dropped the ball, and Tesla only realized they dropped the ball until very recently. Tesla had to rewrite all the software from scratch, Musk explains. That's what he and CTO J.B. Straubel have been focused on.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#26Since this came out as part of the Tesla earnings, here's my recap from their earnings release and call.... - Tesla will be late getting up to 5,000 units a week of Model 3. It will happen at the end of Q1 instead of the end of this year. The bottleneck is batteries. - Some lines are at only 500 cars a week. Namely the battery pack assembly, body shop welding and final vehicle assembly. - The $2.92 a share loss was m…
The most worrying is the slowing production of models S and X, coupled with what I'd call a collapse in the gross margins of those products. Why is the margin declining so drastically?
The gross margin changing is fine and natural, I think. The Model 3 is a lower-priced good, so by being able to sell more of it, they can deal with somewhat lower margins. By that I mean, 100 cars * $12,000 gross margin each is definitely worse than 5000 cars * $4,000 gross margin (for Tesla at least, I suppose branding could come into play with other brands), even though the gross margins drastically collapse. It's just a different business model, and it's what Tesla wants to happen so they can get into the more regular-consumer market.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#27Out of curiosity, has anyone who paid the $1000 to get in line for a Model 3 actually heard back from Tesla? I've never received any communication about timelines at all.
Me neither. Also, I am trying to get my $1000 back for 2 months now since it probably would take around 2 years until I get my Model 3. They are delaying and delaying the payout, so instead of me becoming a Tesla customer I am hating them more from day to day.
The longer they hold it, the less likely you'll ever get it if things go bad.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#28SeekingAlpha predicted this a few weeks ago: https://seekingalpha.com/article/4114125-will-tesla-zero-mon...
"Leading up to the end of September, we saw new-high Model 3 VIN numbers in the wild almost every other day, culminating in number 521.
But since the beginning of October, nothing. I can’t find a single one above 521 with VIN picture evidence on any forum.
It’s unlikely to end up this way, but the sole evidence we have to date is this: Tesla is on track to deliver zero Model 3 units in October.
Of course, I don’t believe it will be exactly zero. However, it’s no longer an impossibility. It’s looking like my previous estimate of 240 units may be way too high."
Tesla says today they produced only 260 vehicles in October--and it's unlikely very many of those got all the way to end users!
From SeekingAlpha October 17: "At this stage, I'll continue to roll the dice one more time in favor of betting that for a third full month, the Chevrolet Bolt EV will out-sell the Tesla Model 3 in the U.S. - and probably by a very wide margin, along the lines or 10:1 or more. Maybe even 100:1 or an infinite margin."
Even if you consider Elon Musk a sort of demigod (as much of the tech industry seems to), the leap from 260 vehicles a month--which indicates the vehicles are still being made mostly by hand--to 5,000 a week is going to be incredibly difficult to make in just a few short months.
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#29Tesla best car I ever owned. I will wait 6 months if that what it takes for perfection.
What makes it better than other cars of similar price range in your opinion ?
Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
#30I can't help but feel that price is an inevitable factor here. Tesla Model S and Model X are expensive! Now that the novelty is wearing off and more EVs are hitting the road from other manufacturers, it strikes me that they just won't remain competitive models.
I expect the Model 3 to go some way towards helping this by being much more affordable, but with delayed production on those and an interior design that won't suit everyone, I'm yet to be convinced.