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Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

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171–180 of 307 posts

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#171
post #167

Earlier quoted context omitted.

Ford makes 50-90k F-150's a month without the drama. There is no universe where Tesla will be manufacturing 25,000 (300k/12) $40-50k cars per month. BMW alone sells something like 9,000 3-series vehicles in that price range per month. It's not credible that Tesla, with a limited sales network, limited charging infrastructure, high costs and long backlog is going to magically take away double digit percentages of the…

[deleted]

Incorrect.

https://www.bloomberg.com/graphics/2018-tesla-tracker/

Tesla dropped production to 4716-ish cars this week. A few weeks ago, Tesla was at 6000 cars/week, but apparently that was unsustainable.

They're now below 5k/week and dropping. Rumors is that they have supply issues with SiC MOSFETs and can't build enough power-inverters.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#172
post #74

Earlier quoted context omitted.

Who says they aren't? They're already charging $60k for their "mass market" $35k sedan. Update: I guess technically it's $50k, the other day I read the average selling price was $60k and that was stuck in my head. Regardless, far away from $35k!

Why wouldn't you build out the higher priced orders first?

The more concerning part is that they're still losing a fortune while only building out the supposedly high margin top end models.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#173
post #148

Earlier quoted context omitted.

> I don't think you realize how much FUD is disseminated daily in the mainstream media. FUD is what people do to Apple when they are making money hand over fist every quarter. TSLA is just a terribly run company that may end up out of business. Which is sad, because they have what appears to be a good product. Their production arrogance may not be able to be overcome though. This is also standard Musk to blame short-…

A company that went from selling 11 cars in 2011 to 200k cars in 2018 is poorly run ?

A company that went from losing $49 million per quarter in 2011 to losing $742 million per quarter in Q2 2018 is poorly run.

Yes. That's pretty bad. Their growth is quite backwards, they've learned to lose more money over time.

http://ir.tesla.com/news-releases/news-release-details/tesla...

http://ir.tesla.com/static-files/7235e525-db16-470c-8dce-9ec...

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#174

Earlier quoted context omitted.

I don't think you realize how much FUD is disseminated daily in the mainstream media. Take this Reuters article for instance, which has been published and translated by dozens of top newspapers: https://www.reuters.com/article/us-tesla-germany-daimler/ele... 3rd paragraph: "The market for upscale electric cars is Tesla’s to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this yea…

Ford makes 50-90k F-150's a month without the drama. There is no universe where Tesla will be manufacturing 25,000 (300k/12) $40-50k cars per month. BMW alone sells something like 9,000 3-series vehicles in that price range per month. It's not credible that Tesla, with a limited sales network, limited charging infrastructure, high costs and long backlog is going to magically take away double digit percentages of the…

Apparently Tesla is already producing 5,000 a week, which isn't very far off from 25,000 a month.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#175
post #159

I think it's time for Elon to step away from Tesla. He is an incredible visionary and that's what made Tesla possible and revolutionized the car industry. That work is done now. Everyone is making electric cars now. There is no need for Elon to innovate at Tesla anymore. I might even go so far and say that Tesla had moved the entire industry so much that there isn't even much need for Tesla itself. I think it's best…

I tend to agree. He's been fantastic at getting the impossible to happen, but he's not as good at just running things. There was a bit in time when he offered to help Flint, MI with their water. It turns out they don't need the help. However, if he were to turn his fantastic energy towards helping under-served communities, I think he'd find that there's plenty to do, and very satisfying.

I have the suspicion as well that he isn't great at running a steady business. My point is really about his amazing visionary qualities being more useful elsewhere. Even if he was great at running things too, it's radical innovation where he is a once in a century person.

Edit: it would be a shame to waste that amazing innovation talent at what's now a close to regular car company (relative to his other ventures)

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#176
post #18

Earlier quoted context omitted.

I have a friend who bought a Tesla and is now asking for a buy-back. His experience has convinced me the negative hype isn't all just shorts propagandizing and "Musk fatigue." This company has huge, huge problems. When he first got the Tesla it had huge body panel alignment problems. Eventually these were fixed, but it took too long and was difficult to get Tesla to fully acknowledge them. After that he had a range o…

>After that he had a range of little annoying problems, many of which were likely software bugs, but then he (actually his GF) experienced something in autopilot mode known on the Tesla forums as "shadow braking" -- the car braking hard on the highway because it seems to see the shadow of an overpass and think it's a wall. This is extremely dangerous. It was on the I-405 (SoCal) going 70-80mph, and such a thing could…

My Subaru never shadow brakes. Its driver assistance technology is certainly more rudimentary than Tesla's (only has lane keep assist and adaptive cruise control, and the adaptive cruise control doesn't see speedups far ahead and doesn't catch people switching into my lane until they're already halfway switched), but it is very reliable at doing what I expect to, and not having any dangerous shadow-braking like that.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#177
post #56

Earlier quoted context omitted.

It's been an overall bad experience. Here's a rough chronology: (1) Serious and clearly visible body panel alignment issues. They got fixed, but it took a while and Tesla didn't have a loaner car. There was also a scratch on the car when it was delivered. (2) Door handles not extending. This problem occurred multiple times. The first "fix" was to reboot the computer. (3) A whole host of software bugs including consta…

Given that Tesla owners are the most satisfied (cf. https://eu.usatoday.com/story/money/cars/2017/12/21/tesla-po... ), that implies that the other owners are even more happy with their Tesla that I would have expected. All surveys about panel gaps points to Tesla being above average (expect in the first few cars out of the line, which are generally owned by employees). If your friends' Tesla has serious software bug,…

>If your friends' Tesla has serious software bug, I'm curious to know his experience with other brands!

Most brands have actual knobs and handles instead of putting everything in a digital interface in the entertainment console.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#178
post #154
post #79

Earlier quoted context omitted.

LIDAR is not necessarily categorically mandatory, but shadow braking and other autopilot failure modes demonstrate that it or something with its capabilities are probably necessary right now to enable today's "AI" to safely drive a car. My point about active sensing being able to decide edge cases explains why this is likely the case. IMHO doing without precise active sensing would require a breakthrough in AI that h…

Seems weird that the Tesla can't infer that there is no wall there from GPS data.

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Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#179
post #76

Earlier quoted context omitted.

> After that he had a range of little annoying problems, many of which were likely software bugs, but then he (actually his GF) experienced something in autopilot mode known on the Tesla forums as "shadow braking" -- the car braking hard on the highway because it seems to see the shadow of an overpass and think it's a wall. This is extremely dangerous. It was on the I-405 (SoCal) going 70-80mph, and such a thing coul…

It's clearly a software defect. I don't know how you could possibly claim otherwise. The reasons behind the defect are irrelevant from a customer standpoint. A human driver who did that during a driver's license test would be failed.

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Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#180
post #154
post #79

Earlier quoted context omitted.

LIDAR is not necessarily categorically mandatory, but shadow braking and other autopilot failure modes demonstrate that it or something with its capabilities are probably necessary right now to enable today's "AI" to safely drive a car. My point about active sensing being able to decide edge cases explains why this is likely the case. IMHO doing without precise active sensing would require a breakthrough in AI that h…

Seems weird that the Tesla can't infer that there is no wall there from GPS data.

They do over time. The vehicle “learns” from no impact at the overpass and uploads that to the mothership for fleet-wide distribution.
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