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Tesla cuts prices as Model 3 deliveries narrowly miss estimates

bloomberg.com

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Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#181

Post by zaroth »

microtherion wrote: post #68
300bps wrote: post #54

Earlier quoted context omitted.

Q32018: 55,800 Model 3s delivered. Q42018: 63,100 Model 3s delivered. That's a 13% growth rate in a single quarter which is more than 50% growth rate annualized.

Yes, but during Q3, weekly production ramped up from ~2000 to ~4200. During Q4, weekly production stayed pretty much flat. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iqPFhpeWEIS... Article: https://www.bloomberg.com/graphics/2018-tesla-tracker/

It’s almost like the company should consider manufacturing and selling Teslas in a country other than the USA...

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#182

Post by zaphod12 »

Zarel wrote: post #161
clouddrover wrote: post #143

Earlier quoted context omitted.

> with no established car maker able to match them yet. The Hyundai Kona EV is cheaper, has good range, and outperforms new model Teslas in 24-hour efficiency (interestingly finishing second to the original Tesla Roadster): https://insideevs.com/hyundai-kona-electric-gets-shockingly-... https://electrek.co/2018/12/23/tesla-roadster-24-hour-electr... Teslas are among the least reliable cars you can buy. If you want hi…

The last time this came up, many people said that the primary reason to buy a Tesla was for Autopilot, which I have not yet heard of another manufacturer with an equivalent product. I think another advantage Tesla has is the Supercharger station access.

Cadillac super cruise is supposed to be fantastic. I've never used either and will not comment on which is better, but it's certainly competitive.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#183

Post by mulmen »

dragonwriter wrote: post #136
mulmen wrote: post #106

Earlier quoted context omitted.

The Joe Rogan podcast is on national TV now? I thought the whole point of it was that it wasn’t a network show.

> The Joe Rogan podcast is on national TV now? The part of it in discussion was, because of its content. Everything that is recorded and available outside of a narrowly controlled group is effectively national TV, in that if you do something that would be newsworthy, that's where it's going to end up. Anyone in a PR-sensitive role, including any CEO, ought to be aware of that.

The comment I replied to was edited after I replied. Musk didn’t smoke weed on a national broadcast but I agree he should be aware his actions anywhere could be reported at a national level.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#184

Post by DoubleCribble »

dmode wrote: post #150
johnvanommen wrote: post #43

Earlier quoted context omitted.

Once Jaguar, Porsche and Audi are able to produce electric cars in quantity, things are going to get interesting. For instance, I was recently looking at the Jaguar I-Pace, and was stunned by how long the wait and how high the markups are. Clearly there's a demand for a $100,000 electric car, but things are going to get difficult for Tesla once the competition arrives.

Chevy Bolt was supposed to end Tesla as well. Didn't really happen, did it ?

The Volt didn't do it. The Bolt couldn't either. Perhaps they're working on the Chevy Molt? (the first car wrapped in OLED!)

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#185

Post by scrumbledober »

alexandros wrote: post #138
ivraatiems wrote: post #69

Earlier quoted context omitted.

Characterizing lying to the SEC and calling a Thai cave rescuer a "pedo" as such is stretching the definition of "forward-looking statement." Musk has always been largely bluster, but now the bluster is hurting people, and his companies as well. He's the biggest liability Tesla has. I don't know what he's done to earn my trust, or any investor's.

Elon has not lied to the SEC. Please provide link or other evidence. He settled a claim that he manipulated the stock without admitting guilt, in order to avoid damaging the company, but that is completely different.

he said "funding secured" and didn't have any funding secured. The SEC was lenient in allowing the settlement without an admission of guilt, but that does not mean he was not guilty. I'm a huge fan of most of the things he has done, but this was a boneheaded move only surpassed by his embarrassing pedophilia comments.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#186

Post by _ea1k »

vkou wrote: post #166
dmode wrote: post #155

"Automaker sold 63,150 Model 3 in the fourth quarter" - [and this is only in North America] What Tesla has achieved is truly unbelievable and it is kind of hilarious to see HN meltdown and Tesla bashing. To give you a perspective on how much of a gigantic scale this is, BMW only sold 99,000 3/4 series in the US in all on 2017 [1]. Tesla is a carmaker who only sold ~100 vehicles in 2011. It is amazing how much of Tesl…

Meanwhile, Toyota, which is only at 3x the market cap of Tesla, sold >2,200,000 vehicles in Q4. It ships more combined battery capacity in its hybrids, then Tesla does in its EVs.

I think you are misestimating. Toyota sells ~1.5 million hybrids (plugin and otherwise) per year. If I'm not mistaken, the average capacity is ~6kwh. That works out to 9,000,000 KWh (9 GWh).

Tesla sold about 250,000 cars last year, with an average pack size of at least 70 KWh. That works out to 17,500,000 KWh (17.5 GWh).

Obviously, these are estimates, but Tesla is also running at a pace closer to ~320k units for next year with only marginally smaller pack sizes.

Revenue is another interesting metric. Toyota is at ~280 billion/year (USD). Tesla is currently at ~27 billion/year.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#187

Post by reaperducer »

alonmower wrote: post #142
mulmen wrote: post #84

Earlier quoted context omitted.

I live in Seattle, east of here there is one BMW dealer on my way home and next closest BMW dealer is in Boise, Idaho. I can’t drive to my home town and visit a dealership. That means an electric BMW would need a range of 1,000-1,200 miles to be remotely comparable to an ICE car or Tesla. Putting universal chargers at existing gas stations or buying an entire brand and converting to charging makes way more sense.

Gas stations are obviously a great place for chargers because they're already properly distributed along well travelled routes. I think there's probably going to be a market for either an existing restaurant coffee chain with a lot of existing real estate (or perhaps a new chain that's a bit more upscale) to partner with Tesla and any of the other electric car manufacturers and build a concept around high quality foo…

Chevron stations in Las Vegas have EV chargers. Of course, they also have tiny casinos, so there's something to do while your car charges.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#188

Post by anthonybsd »

dmode wrote: post #163
gamblor956 wrote: post #66

Earlier quoted context omitted.

I live in a nice part of LA and I see as many iPace's as Teslas, and the iPace has only been available for about 3 months locally. And the iPace owners are absolutely glowing in their reviews of the car in a way I've never heard Tesla owners get. Indeed--while most Tesla owners I know talk their heads off about the charging network[1], they tend to be defensive about the actual quality of the car itself in ways that…

Tesla has the highest consumer satisfaction rating and brand loyalty of any car maker [1] [1] https://electrek.co/2017/12/21/tesla-tsla-tops-customer-sati...

I suspect Model 3 will change all that, unfortunately :(

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#189

Post by _ea1k »

ivraatiems wrote: post #98
martythemaniak wrote: post #91

Earlier quoted context omitted.

> I don't know what he's done to earn my trust, or any investor's. The ~20x ROI since IPO has made many people trust him. Tesla itself is a marvelous success, with no established car maker able to match them yet. It is far more likely that your personal dislike of him is making you see a distorted reality.

> It is far more likely that your personal dislike of him is making you see a distorted reality. Certainly possible. I personally think he's acting like a buffoon and I haven't been shy about stating it. However, as I told another commenter in this thread, I think the relatively objective argument is that while Musk was necessary initially to get Tesla into existence and functioning, he's now more of a liability than…

I have always seen him as a bit like William Durant. His use expires when the company is no longer trying to grow at 2x every 3 years.

Alternatively, he could dramatically change his approach as the business matures.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#190

Post by _ea1k »

tedivm wrote: post #134
bdhess wrote: post #119

Earlier quoted context omitted.

What are you comparing it to when you say "relatively expensive"? I've read reviews comparing it favorably to a BMW 3 Series, which is in the same price range.

The Model S was in the same price range as the BMW 3 Series but only when you take into account the tax credit which just expired. Without that tax credit there's a difference of over $7k. That's part of the reason why Tesla is dropping their prices a bit now.

The Model S is quite a bit more expensive than a 3 Series. Perhaps you meant the Model 3, which is still competitively priced with the 3 series?
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