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

finance.yahoo.com

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

#131

Post by hwillis »

mikestew wrote: post #86
hwillis wrote: post #51

Earlier quoted context omitted.

> What is the main practical selling point of a model 3 over, say, a leaf? Much better value, larger size, better fuel economy, more conventional, more power, more range, and superchargers. Cost per mile of range: $200 for the 2018 leaf, 132 for the Model 3. 147 hp vs 258 hp, 10" of extra length and 6" of extra width, over twice the range at less than half the capacity. The Tesla is way superior to any other electric…

The Tesla is way superior to any other electric car on the road Tesla has to get them on the road before an accurate comparison can be made to Leafs and Bolts.

They are on the road, just not very many of them. The 2018 Leaf, which I was talking about, does not come to the US until January (or may? Nissan is just saying "early 2018" now).

The 2017 Leaf has a range of 107 miles, for $287/mile. It's also 110 hp. Both the Bolt and the Leaf are crap cars. Tesla could raise the price on the model 3 by 10 grand and it would still be a better value.

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

#132

Post by lyk »

kbenson wrote: post #126
chollida1 wrote: post #3

Since 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…

I don't want to be that guy, but there are specific Unicode characters for opening and closing quotes now, so we don't need to deal with the weird usage imposed by limited typesets anymore.[1] For some reason, the two separate backtick characters are really bugging me visually. That's all I wanted to say. Thanks in advance for bearing gracefully with my nitpicking, letting me express that makes me feel better. 1: htt…

That's a LaTeX habit for a lot of people, chill out.

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

#133

Post by dzhiurgis »

hwillis wrote: post #51
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.

> What is the main practical selling point of a model 3 over, say, a leaf? Much better value, larger size, better fuel economy, more conventional, more power, more range, and superchargers. Cost per mile of range: $200 for the 2018 leaf, 132 for the Model 3. 147 hp vs 258 hp, 10" of extra length and 6" of extra width, over twice the range at less than half the capacity. The Tesla is way superior to any other electric…

Leaf is powered by a 24 kWh battery, so definitely not 'twice the range for half capacity'.

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

#134

Post by crush-n-spread »

draw_down wrote: post #69

It sounds like they are struggling. Hopefully they can pull it together and turn things around.

They are not struggling. This Yahoo article is fear mongering. I just listened to the whole earnings call and everything sounded terrific: They pulled their best engineers to Gigafactory to mitigate a supplier misleading them about one of their battery production lines, and so they dropped production of S and X. Apparently as a result of the supplier f* up, they rewrote "20 man years of software in 4 weeks". Which is absolutely incredible.

Don't listen to this fear mongering BS. Tesla is the only one in the electric car game. Who else has the charging network, the half-million pre-orders, the 3.5 billion in cash and easy ability to raise more, the Elon shine?

Can't stand these articles

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

#136

Post by moduspol »

antiviral wrote: post #125

So this is the real reason that they had those 'performance-based' layoffs. If you need to fire a certain number of employees, just give bad performance evaluations to those people and fire 'for cause.' As a company, Tesla can use whatever nonsensical management techniques they want. But firing people 'for cause' will unreasonably hurt otherwise productive people in their future careers. And it will make future candi…

Or maybe they could normally keep lower performing employees around, but cash is getting tighter so they decided to let some of them (less than 4%) go.

"Cash being tight" and "firing some employees for performance reasons" are not mutually exclusive.

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

#137

Post by hwillis »

sushisource wrote: post #60
hwillis wrote: post #51

Earlier quoted context omitted.

> What is the main practical selling point of a model 3 over, say, a leaf? Much better value, larger size, better fuel economy, more conventional, more power, more range, and superchargers. Cost per mile of range: $200 for the 2018 leaf, 132 for the Model 3. 147 hp vs 258 hp, 10" of extra length and 6" of extra width, over twice the range at less than half the capacity. The Tesla is way superior to any other electric…

How about compared to the Bolt, though? The Bolt seems dramatically more competitive than the Leaf. 200hp, comparable range, and cheaper than the model 3. I think people getting fed up with the wait and switching to Bolts en-masse is a possible scenario. Imagine if Chevy made an ad targeting exactly that scenario.... (You can thank me later Chevy ad execs)

The Bolt is $154/mile of range vs $132 for the model 3 and has 30% less horsepower.

The model 3 is just under twenty one inches longer and 6.6 inches wider. The Bolt is nearly the size of a mini. It's not in the same purchase category for most consumers. It's also hastily and very poorly designed- the lead aero guy called it a nightmare. To me the most indicative thing about that is the weight. Despite being almost two feet shorter than the model 3, the bolt weighs more than the (short range) model 3. It's a shitty car, and non-electric reviewers have loathed it.

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

#138

Post by phkahler »

chollida1 wrote: post #3

Since 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…

>> - Auto revenue grew 10% to $2.4 billion as sales of Model S and X grew. Revenue is at risk, though. Tesla will divert resources from Model S and X to the Model 3.

This is curious. If the S and X are profitable, why divert resources from them? Not enough? Well maybe they should not have just canned a bunch of people?

Yeah I know, the ones they let go may not be the ones they needed for the 3. But it still seems strange all these things taken together.

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

#139

Post by rodgerd »

williamscales wrote: post #10
chollida1 wrote: post #3

Since 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…

Apple and... every successful mass-market car maker. So it's interesting that Tesla are inhousing like Morgan rather than setting high standards like Toyota.

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

#140

Post by rrhd »

Smaug123 wrote: post #103
csours wrote: post #47

Earlier quoted context omitted.

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

"The market can remain irrational longer than you can remain solvent."

Except in this case it's more than other way. The market is fine, it's tesla causing issues.
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