Tesla Q1 2018 Vehicle Production and Deliveries
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Tesla Q1 2018 Vehicle Production and Deliveries
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Re: Tesla Q1 2018 Vehicle Production and Deliveries
#2"Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 --
Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it."
- Elon Musk
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#3"Tesla Goes Bankrupt Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it." - Elon Musk https://twitter.com/elonmusk/status/980566101124722688
For those who didn't already get it, it's an April Fool's joke.
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#4CNN this morning: "Tesla will soon report whether it met its target to make 2,500 Model 3s a week. It is on pace to make about half that number, according to Bloomberg." [1]
From the statement: "In the past seven days, Tesla produced 2,020 Model 3 vehicles."
A pretty big improvement, still some hard work to do, but they really are ramping up.
I'm relieved at the announcement they won't need another debt/equity raise this year. Let's see where we are in 3 months.
[1] http://money.cnn.com/2018/04/02/news/companies/tesla-stock-a...
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#5> The Model 3 output increased exponentially, representing a fourfold increase over last quarter. This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T.
Way to spin all the production issues and delay of the previous quarter into a positive.
They're way behind the goals they set for themselves, but instead of measuring by those goals, they measure themselves by their weakest performance, and suddenly their performance becomes historic.
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#6Worth posting Bloomberg's Tesla Model 3 Tracker, which contains a model attempting to independently estimate production, as well as background info about Tesla's past projections: https://www.bloomberg.com/graphics/2018-tesla-tracker/
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#7> The Model 3 output increased exponentially, representing a fourfold increase over last quarter. This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T. Way to spin all the production issues and delay of the previous quarter into a positive. They're way behind the goals they set for themselves, but instead of measurin…
Musk is a good salesman.
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#82,020 is under Elon's 2,500 prediction, but well above the 1,000-1,500 expectations of those shorting the stock (unless the shorts' articles were deliberately misleading, of course).
Also, according to the release, those are customer-delivered numbers. Overall, a good trajectory and a sign of long-term health.
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#9Despite the disappointment of missing the goal of 2500 cars, this is good news. Tesla came reasonably close to their goal and certainly won't stop at that number. To put the number into scale, they made as many Model 3 in the last week as Model S and X combined. That means, Tesla is on a good track to produce at least twice as many cars in 2018 as they did in 2017, which already was a record year.
Re: Tesla Q1 2018 Vehicle Production and Deliveries
#102,020 is under Elon's 2,500 prediction, but well above the 1,000-1,500 expectations of those shorting the stock (unless the shorts' articles were deliberately misleading, of course). Also, according to the release, those are customer-delivered numbers. Overall, a good trajectory and a sign of long-term health.
Yeah, if they're able to consistently hit that weekly number (and continue to improve upon it) this is some much-needed good news for Tesla.