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Tesla’s First-Quarter Deliveries Plummet

wsj.com

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Re: Tesla’s First-Quarter Deliveries Plummet

#81

Post by dragontamer »

mhermher wrote: post #68
karpodiem wrote: post #60

Earlier quoted context omitted.

Now is a good time to buy put options.

Better yet, a great time to sell calls. Lots of believers that is gonna shoot back up and to the moon.

Except Elon Musk has been prone to make tweets like "$420 Funding Secured", which would ruin your short-call position if it happened at the wrong time.

The best move is to not play. There are literally thousands of other companies in the public market that are actually run by decent people. Musk clearly wants to "burn the shorts" and is willing to go to war with anyone who takes the bear bet.

That's fine, just don't play the game at all. Buy and sell stocks from a more reputable company.

Re: Tesla’s First-Quarter Deliveries Plummet

#82

Post by leesec »

gre wrote: post #79

It feels wrong that they charge for autopilot when it's just software--they should give it away for free. This really affects how I feel about buying a Tesla when it's in the cart. I wonder if sales would go up if they just gave it away for free, and if the economics still work out.

This comment made my head hurt so bad.

You pay for software all the time?

Re: Tesla’s First-Quarter Deliveries Plummet

#83

Post by addflip »

hartator wrote: post #70
thesimon wrote: post #55

http://ir.tesla.com/news-releases/news-release-details/tesla... >we had only delivered half of the entire quarter’s numbers by March 21, ten days before end of quarter

Wonder of there is a way to buy these tesla with small defects.

Yes. If you go to a Tesla store they should be able to match you with these vehicles. Plenty of datapoints on r/teslamotors

Re: Tesla’s First-Quarter Deliveries Plummet

#84

Post by Klathmon »

thesimon wrote: post #55

http://ir.tesla.com/news-releases/news-release-details/tesla... >we had only delivered half of the entire quarter’s numbers by March 21, ten days before end of quarter

The very next sentences give some context to the above quote:

>This caused a large number of vehicle deliveries to shift to the second quarter. At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally.

I'll be the first to admit I know fuck all about the financial stuff and how this normally works, but that seems like a reasonable explanation for the lower numbers. Especially since the 10k cars "in transit" is like 1/6th their total deliveries that quarter.

I'd be curious to see hard numbers on how many of those deliveries were shifted to Q2, but i'm guessing we won't get that info until after Q2 is done?

Re: Tesla’s First-Quarter Deliveries Plummet

#85

Post by justtopost »

Brakenshire wrote: post #74
adrr wrote: post #42

Earlier quoted context omitted.

Honda makes gas cars which can be filled up in 5 minutes from tens of thousands of gas stations across the US. It is not Tesla vs Honda it is electric vs ICE.

You can’t charge a Honda at home, and that with a 200+ mile range covers the vast majority of usage. And then when you do need to drive 200+ miles in a day, which for most people is a handful of days a year, you can use chargers which add 100 miles in 10 minutes. The extent of the charging network is really the only major issue left. It depends on your use case, for an urban, suburban setting or as a second car it’s…

I can and do gas up my honda at home.

Re: Tesla’s First-Quarter Deliveries Plummet

#86

Post by dragontamer »

BaconJuice wrote: post #57

is now a good time to buy? [serious]

Tesla had to pay back a $920 Million loan this past quarter, and these numbers suggest that Tesla probably lost money in Q1 (30% fewer deliveries).

So you're looking at a company that just lost, $1+ Billion in one quarter. Tesla had $3 Billion in cash about half-a-year ago, but that's a LOT of its warchest that just evaporated.

Tesla seems to have screwed itself over: the Model Y hype may be destroying the Model 3 demand. The Model 3 is a sedan, and sedans are selling very, very poorly in the USA (across the board: Ford and GM have eradicated their sedan lines). Tesla should have worked on and released the Y first into the lucrative SUV market... but I guess no one can blame them for failing to have a crystal ball.

The drop in demand is very worrying for sure. Tesla is supposed to be a growth company, and a 30% drop in deliveries is anything but growth.

Re: Tesla’s First-Quarter Deliveries Plummet

#87

Post by justtopost »

benj111 wrote: post #39
genie514 wrote: post #8

This figure makes me wonder how other car manufacturers are able to generate demand. Honda alone sells 1m+ cars per year in the US. For all the news, Tesla will likely make 400k deliveries during entire year around the world.

Honda is well known by non car/tech people. My grandparents would buy a Honda because it has a reputation that Tesla doesn't have at this point. After a few years of people seeing them around, and them appearing in reliability surveys etc, that may change. Although with their dealership/internet only sales plan up in the air at the moment, that still may not make a difference, because I still can't see my grandparent…

Tesla is not anywhere near Honda in reliability. So no, that will not change anytime soon.

Re: Tesla’s First-Quarter Deliveries Plummet

#88

Post by mikeash »

refurb wrote: post #64

Interesting tweet shows lots of Tesla's sitting in inventory after being rejected by customers or other problems. https://twitter.com/Latrilife/status/1113799586567426049

Looks like that entire account is dedicated to attacking Tesla. Can we believe it?

Re: Tesla’s First-Quarter Deliveries Plummet

#89

Post by justtopost »

kasey_junk wrote: post #28
frontloadpro wrote: post #18

Earlier quoted context omitted.

Tesla's market is extremely niche. Luxury car to an uneducated car buyer. Car enthusiasts won't get a Tesla because Tesla's ARE inferior to the competition at that price point. You don't buy a Tesla because you want your car to work for 2 years without breaking, you buy a Tesla to show friends. I know luxury Ford products sold 20k/yr, and those were some seriously high end SUVs. Same price point. I cannot see how Tea…

I am definitely uneducated & also unlikely to ever buy a luxury car at the Tesla price point. But if I weren’t what electric car would I buy?

You would not buy electric if well versed in automotive tech. Notice few if any mechanics drive ecars.
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