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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

#41

Post by dilemma »

revelation wrote: post #34
ericabiz wrote: post #28

SeekingAlpha 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 evidenc…

One or another amateur writer on that site predicts the bankruptcy of Tesla every other week. Even a stopped clock is right once a day.

So you think Tesla is going bankrupt

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#42

Post by maxerickson »

pmurT wrote: post #15

I've been considering cancelling my preorder. As late as they'll be (assuming they do deliver) and my estimated place in line, the other manufacturers will have competitive offerings

How does the Bolt compare to what you expect to get from Tesla?

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#43

Post by sxates »

jeffdavis wrote: post #35

What is the main practical selling point of a model 3 over, say, a leaf? Longer range and that's it? Good thing tesla has a lot of vertical investment in batteries. The market is very competitive.

Assuming you're talking about the new Leaf which isn't yet available in the US ...

* 50-100% greater range * Better acceleration and handling (and RWD/AWD) * Access to the Tesla Supercharger network enabling long-distance travel * Much better UX and constant improvements in OTA software updates. * Buying from a company that is all-in on electrifying and decarbonizing the world, and isn't just dipping in their toes for the granola crowd. * A way more attractive car compared to the Leaf's awkward hatch

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#44

Post by mmanfrin »

neilalexander wrote: post #30

I 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…

I disagree completely. Tesla has 400k people who put down a grand to 'reserve a spot in line' for a Model 3.

The issue is production. Tesla fired off hundreds of workers a month ago, right as they were ramping up Model 3 production. Elon seems an awesome person in terms of what he's doing at a macro level, but he sounds like a horrendous person to work for.

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#45

Post by kenhwang »

galeaspablo wrote: post #38
revelation wrote: post #34

Earlier quoted context omitted.

One or another amateur writer on that site predicts the bankruptcy of Tesla every other week. Even a stopped clock is right once a day.

Twice

Depends on if it's a 12h or 24h clock.

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#46

Post by maxerickson »

sxates wrote: post #43
jeffdavis wrote: post #35

What is the main practical selling point of a model 3 over, say, a leaf? Longer range and that's it? Good thing tesla has a lot of vertical investment in batteries. The market is very competitive.

Assuming you're talking about the new Leaf which isn't yet available in the US ... * 50-100% greater range * Better acceleration and handling (and RWD/AWD) * Access to the Tesla Supercharger network enabling long-distance travel * Much better UX and constant improvements in OTA software updates. * Buying from a company that is all-in on electrifying and decarbonizing the world, and isn't just dipping in their toes fo…

The Leaf is even mostly aimed at fleet mileage scoring.

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#47

Post by csours »

revelation wrote: post #34
ericabiz wrote: post #28

SeekingAlpha 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 evidenc…

One or another amateur writer on that site predicts the bankruptcy of Tesla every other week. Even a stopped clock is right once a day.

It turns out that if you have billions in cheap funding, you can keep doing things the wrong way for quite some time.

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#48

Post by glbrew »

"cuts production"

I don't follow official statements closely but it sounds like they are using this retooling as an excuse for low demand for the S and X. This way they get to have their cake and eat it too: low S/X numbers justified and re-energized promises for increased 3 production.

Re: Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

#49

Post by neilalexander »

mmanfrin wrote: post #44
neilalexander wrote: post #30

I 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…

I disagree completely. Tesla has 400k people who put down a grand to 'reserve a spot in line' for a Model 3. The issue is production. Tesla fired off hundreds of workers a month ago, right as they were ramping up Model 3 production. Elon seems an awesome person in terms of what he's doing at a macro level, but he sounds like a horrendous person to work for.

Like I said, the Model 3 will go some way to help that by being more affordable, and 400,000 people reserving a Model 3 does not make the Model S or the Model X any less expensive or any more competitive.

Of course, the profit margin on the Model 3 stands to be substantially less, too.

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