Beyond the finances, Tesla says they’re still on target for 6000 Model 3’s a week by the end of the month.
Throw in the other Models and Tesla will be shipping 300,000-400,000 electric cars a year. That’s quite an accomplishment.
Tesla Second Quarter 2018 Update
21–30 of 243 posts
Re: Tesla Second Quarter 2018 Update
#22For the six months ending in June 2018 Tesla's operations burned $528 million of cash. It also spent $1.27 billion on CAPEX. At quarter's end, they have $2.2 billion of cash on hand. That's like 7 months of runway. What's keeping the boat plugged up is debt. Good news is, there are no obvious bond market bogeymen on the horizon in the very near-term.
Cash flow was -$528M Jan-Jun, i. e. Q1 and Q2, yes. But it was only -$128M in Q2. Tell us why you chose the longer time frame for your prediction, exactly? Your math also has some basic problems, because $2.2 billion / ($1.27 billion / 6 months) != 7 months == 11 months. More importantly: you're mixing some completely different levels of accounting: cash flow may or may not correspond to changes in capital structure…
CAPEX is not the only component of runway. There's also the standard operating expenses to cover as well. Tell us why you ignored that and why you think Q2 is more relevant than Q1 + Q2.
Re: Tesla Second Quarter 2018 Update
#23Beyond the finances, Tesla says they’re still on target for 6000 Model 3’s a week by the end of the month. Throw in the other Models and Tesla will be shipping 300,000-400,000 electric cars a year. That’s quite an accomplishment.
I wish other car companies would create more compelling and somewhat affordable electric cars.
At least in the US, the only two cars I can think of (besides the Model 3, which is hard to come by) that move the needle at all are the Nissan Leaf and Chevy Bolt, both of which look... not great.
Why don't any other car companies offer a 'standard' mid size or compact sedan that's fully electric? Just take an existing decent car like a Toyota Corolla, Honda Civic, etc. and redesign it electric? I know it's a different drivetrain/architecture, but why not a standard looking body instead of some weird buggy space-age thing?
Re: Tesla Second Quarter 2018 Update
#24Earlier quoted context omitted.
It will drop to $3,750 in January and then $1,875 in July. https://arstechnica.com/cars/2018/07/tesla-sold-200000-cars-...
Even that phaseout will probably result in a lot of cancellations from people who have been on the waiting list for several months already but who haven't taken delivery by the end of the year. Especially for the orders at the lower end of the price spectrum, which haven't even started shipping yet. Loss aversion is real, and people aren't going to be happy about being asked to suddenly pay ~20% more for the exact sa…
The information regarding the subsidy limit being hit soon was freely available to depositors.
Re: Tesla Second Quarter 2018 Update
#25Beyond the finances, Tesla says they’re still on target for 6000 Model 3’s a week by the end of the month. Throw in the other Models and Tesla will be shipping 300,000-400,000 electric cars a year. That’s quite an accomplishment.
I’m reading it as “we aim” sounds like a goal. They’re expecting Expecting to produce 50-55k Model 3s in Q3
Which falls below the 5000/week
Re: Tesla Second Quarter 2018 Update
#26Is that graph of their market share true? Do they really have a ~50% market share? It sounds really high. At that sort of percentage can they really grow at the rate they need? I know they say things like
> We are drawing customers from many other segments, including non-premiums sedans and hatchbacks.
Is that the source of growth at this point?
Re: Tesla Second Quarter 2018 Update
#27Earlier quoted context omitted.
Even that phaseout will probably result in a lot of cancellations from people who have been on the waiting list for several months already but who haven't taken delivery by the end of the year. Especially for the orders at the lower end of the price spectrum, which haven't even started shipping yet. Loss aversion is real, and people aren't going to be happy about being asked to suddenly pay ~20% more for the exact sa…
The information regarding the subsidy limit being hit soon was freely available to depositors.
Sure, and it's fully refundable. So there is no reason not to put down the deposit and then cancel if you don't take delivery by the time the incentive starts to phase out.
Re: Tesla Second Quarter 2018 Update
#28Beyond the finances, Tesla says they’re still on target for 6000 Model 3’s a week by the end of the month. Throw in the other Models and Tesla will be shipping 300,000-400,000 electric cars a year. That’s quite an accomplishment.
And they say that they "have repeated weekly production of approximately 5,000 Model 3 cars multiple times" in July.
But they expect to produce 50-55k Model 3 vehicles in Q3 (i.e. ~4000 per week at the midpoint), so it's not clear what those 5000 or 6000 per week really mean.
Re: Tesla Second Quarter 2018 Update
#29That is good that Telsa is constantly making new models of cars If you dont have at least 8000 dollars in your bank account right now what are you waiting for the money is not going to fall out the sky this is a real money making opportunity get paid weekly by PayPal free to join click below for more information when you become a free member watch all the tutorial videos join the amazing facebook group learn step by step training from the best of the best http://internetmarketingsolution.club
Re: Tesla Second Quarter 2018 Update
#30Earlier quoted context omitted.
It will drop to $3,750 in January and then $1,875 in July. https://arstechnica.com/cars/2018/07/tesla-sold-200000-cars-...
Even that phaseout will probably result in a lot of cancellations from people who have been on the waiting list for several months already but who haven't taken delivery by the end of the year. Especially for the orders at the lower end of the price spectrum, which haven't even started shipping yet. Loss aversion is real, and people aren't going to be happy about being asked to suddenly pay ~20% more for the exact sa…
> Loss aversion is real, and people aren't going to be happy about being asked to suddenly pay ~20% more for the exact same car.
It's 10% more at most, and they are making it pretty clear now that the Short Range model will not be available before January 2019. Even then, many people can't even realize the entirety of a $7,500 tax credit. A single person needs $60k in income to generate $7,500 in taxes due after the standard deduction, and a married couple needs $80k to reach that point. Most people who are holding out for the $35k Tesla because that's all they can afford are also going to have a Tax due of less than the $7,500 credit.