Tesla Third Quarter 2018 Update [pdf] • Hacker News Board

Re: Tesla Third Quarter 2018 Update [pdf]

#211

Post by greglindahl » Thu, Oct 25, 2018, 12:14 AM UTC

Theodores wrote: post #178

ensignavenger wrote: post #90

Earlier quoted context omitted.

Unless they can make charging as quick as filling a tank with gas, there is a lot of opportunity in location and surrounding services, provided while the batteries are being charged.

Are there any U.S. hotel chains that are in on this? Hotels have facilities that aren't used after breakfast until the evening, however they still have to have a lot of staff on-site during these hours. You could have nice food and coffee instead of motorway service station junk, with booking facilities so you can have that coffee ready as you walk through the door and your parking spot for the charging reserved. Thi…

A large number of high-end hotels have Tesla "destination chargers", which you can generally use if you eat in their restaurant.

I've been out wine tasting and have run into Tesla destination chargers.

Re: Tesla Third Quarter 2018 Update [pdf]

#212

Post by koreyb » Thu, Oct 25, 2018, 12:15 AM UTC

btilly wrote: post #187

dragontamer wrote: post #136

Earlier quoted context omitted.

$2 Billion? I'm only aware of the $920 Million due in March 2019. Is there another major bond worth discussing? > $1.2B increase in payables That's a yearly increase. $500M-ish increase between Q2 -> Q3. I think its reasonable to expect payables to go up as they ramp up from 2000 M3/week to 4000 M3/week, but the number still gives me worry. I think you're right to worry about these numbers. But its important to worry…

Actually there are a lot of bonds outstanding Per http://ir.tesla.com/static-files/6db4f56e-1532-4cd6-b8dc-3ff... they have $230 million due in Nov 2018, $920 million due in March 2019, $560 million due in Nov 2019, $113 million due in Dec 2020, $1,380 million due March 2021, and $977.5 million due in March 2022. Plus coupons on all of these payable regularly between now and then. By my count this totals $4.1805 bill…

All but the Nov loans will most likely convert based on share price. Nov ‘18 will be paid per the conference call.

Re: Tesla Third Quarter 2018 Update [pdf]

#213

Post by greglindahl » Thu, Oct 25, 2018, 12:16 AM UTC

rconti wrote: post #98

crwalker wrote: post #40

Earlier quoted context omitted.

How long do you think the current Supercharger network will be a large competitive advantage? I agree with Benedict Evan's point that electric charging will become a commodity: https://www.ben-evans.com/benedictevans/2018/8/29/tesla-soft...

I sure hope it does become a commodity! However, Tesla's network is not a disadvantage here; they can charge (just not FAST charge) from other chargers, and the fast charging can be 'bolted on' later, I'm sure, via an adapter and software update.

The example from the past is that Tesla eventually came out with a Chaedemo adapter that worked with all existing S/X cars:

https://shop.tesla.com/ca/en/product/vehicle-accessories/mod...

Re: Tesla Third Quarter 2018 Update [pdf]

#214

Post by gameswithgo » Thu, Oct 25, 2018, 12:20 AM UTC

Brakenshire wrote: post #209

andrewmunsell wrote: post #32

One massive advantage that I'm not sure most people realize quite yet is the Supercharger network. No manufacturer (other than Porsche talking about it recently) has actually built out chargers for their cars. Every other electric car has to rely on a broken, sparse, expensive charger network. Blink chargers and some ChargePoint chargers are expensive in many places ($2 an hour!), and Blink is notorious for having br…

Tesla currently has 400 supercharger sites in Europe, by 2020 Ionity, which is a consortium of Daimler, BMW, Porsche, Ford, Audi and VW, is planning to build 400 sites, with 6 bays each, most with a 350kW charging capacity.

The best situation would be if Ionity and Tesla can agree to merge, or share standards so everyone can charge at all of them. But I imagine Tesla will not be interested until Ionity has parity, or nearly so, with them.

Re: Tesla Third Quarter 2018 Update [pdf]

#215

Post by kitsunesoba » Thu, Oct 25, 2018, 12:20 AM UTC

aphextron wrote: post #207

Anyone paying any attention in the Bay Area over the last few months has known what the Wall Street shorts and national media don't. Model 3 is an unbelievably massive success. It went from zero on the road, to more common than seeing a BMW 3 series in 6 months.

Indeed. In SF it’s now strange to go a day without seeing multiple Teslas. They’re everywhere.

Re: Tesla Third Quarter 2018 Update [pdf]

#216

Post by ranman » Thu, Oct 25, 2018, 12:22 AM UTC

Brakenshire wrote: post #209

andrewmunsell wrote: post #32

One massive advantage that I'm not sure most people realize quite yet is the Supercharger network. No manufacturer (other than Porsche talking about it recently) has actually built out chargers for their cars. Every other electric car has to rely on a broken, sparse, expensive charger network. Blink chargers and some ChargePoint chargers are expensive in many places ($2 an hour!), and Blink is notorious for having br…

Tesla currently has 400 supercharger sites in Europe, by 2020 Ionity, which is a consortium of Daimler, BMW, Porsche, Ford, Audi and VW, is planning to build 400 sites, with 6 bays each, most with a 350kW charging capacity.

Where will TSLA be in 2020 though? Will all of that construction really be done in Europe by 2020? It’s definitely possible but it seems improbable.

Re: Tesla Third Quarter 2018 Update [pdf]

#217

Post by tozeur » Thu, Oct 25, 2018, 12:23 AM UTC

paulpauper wrote: post #172

Amazing how quickly things can change with Tesla. Just a month ago the sky seemed to be falling, with constant negative press news about the SEC, concerns over Elon Musk's mental health, Tesla losing money, and so on. Had someone shorted Tesla just a week ago based on the media's pessimism, they would be down 20%. of course, Tesla could face problems, but this was a really solid earning report that dispels a lot of t…

That’s cause you were plugged into mainstream sensationalist media.

Re: Tesla Third Quarter 2018 Update [pdf]

#218

Post by illumin8 » Thu, Oct 25, 2018, 12:24 AM UTC

gamblor956 wrote: post #185

andrewmunsell wrote: post #95

Earlier quoted context omitted.

Eventually, yes, it will become a commodity. But the issue is, someone has to spend a lot of money to build out these chargers. Tesla has a big incentive to do it-- their very survival depended on early adopters willing to buy their car, which also means they need a place to charge it. Being able to go 100 miles from your house before you have to turn around was never going to work for car owners, hence Tesla's initi…

Other carmakers don't need to build their own charging network. It's already being handled for them by thousands of businesses installing standards-compatible chargers. There are 3 new chargers on my block that were installed within the last month. Another 6 scheduled to be installed in my building's garage in the next month. That's in addition to the dozens that are already located in my part of LA. In Santa Monica,…

The problem is that all of these community chargers inevitably break down and there is zero incentive for them to be repaired. It seems like local businesses might get a tax break to install a charging station, but without any incentive to maintain them they get broken in a few months and never work again.

Re: Tesla Third Quarter 2018 Update [pdf]

#219

Post by jcheng » Thu, Oct 25, 2018, 12:26 AM UTC

saagarjha wrote: post #91

Mongus wrote: post #86

Earlier quoted context omitted.

Tesla's aren't locked into using Tesla chargers. They do have a proprietary connector on the vehicles but they come with several adapters including J1772. Superchargers are a phenomenal perk, not a lock in.

Are Superchargers free to use by people who have not bought Teslas?

No, but https://www.cnet.com/roadshow/news/tesla-elon-musk-open-supe...

> One question posed during Wednesday's Tesla quarterly earnings call involved allowing other manufacturers to access Tesla's supercharger network and Elon Musk's response was surprising.

> "This is not a walled garden."

> By that Musk means that he's open to allowing other EV manufacturers to configure their vehicles to be able to use the Superchargers. He stipulates that these manufacturers would have to pay their fair share of the costs and would have to either adopt Tesla's plug standard or include an adapter in their vehicles.

Re: Tesla Third Quarter 2018 Update [pdf]

#220

Post by aphextron » Thu, Oct 25, 2018, 12:26 AM UTC

compcoffee wrote: post #70

shroom wrote: post #59

Great news but I have to ask. Maybe someone here can share their view/opinion about the market and what’s going on. Musk can’t tweet about going private. So a major short seller sue him and Tesla. Stock ”crash” during two months. Short seller completly turn around and now long the stock which rises A DAY before this report? Eyebrows should be raised so high everyone go bald. Where Will this end with SEC? And How is t…

This is called late economic cycle hysteria. No rules. I've been through two of them, things get crazier.

Do go on...