Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Q2 2019 Letter

ir.tesla.com

Post reply on HN
Print view View original

61–70 of 189 posts

Re: Tesla Q2 2019 Letter

#61

Post by kevan »

HereBeBeasties wrote: post #52

They've achieved a 0.5% increase in production volume in Q2, compared to Q4 2018, to 87,084 vehicles. I'd hardly call that "rapid progress". For comparison, Toyota make around 2.2 million vehicles per quarter. A more reasonable brand comparison might be Mercedes-Benz Cars, which made 575,639 vehicles in Q2. It's quite impressive that Tesla have got to about 15% the volume that Merc do, but they're hardly going to tak…

They're not killing themselves with production numbers to make analysts happy, it's literally in the mission statement...

Mission statement: Tesla's mission is to accelerate the world's transition to sustainable energy. [1]

Strategy (paraphrasing): Start with low-volume, high margins. Over time introduce high-volume, low-margin. [2]

[1] https://www.tesla.com/about [2] https://www.tesla.com/blog/master-plan-part-deux

Re: Tesla Q2 2019 Letter

#62

Post by stcredzero »

mavhc wrote: post #28
justina1 wrote: post #21

Earlier quoted context omitted.

It's still the most popular car in it's class by a mile, how is that "jumping the shark"?

Someone should jump an actual shark in one as a stunt though.

If the cold gas thrusters on the new Roadster are powerful enough, that car could straight out pull some Speed Racer Mach 5 antics!

Re: Tesla Q2 2019 Letter

#63

Post by navigatesol »

justina1 wrote: post #21
ianlevesque wrote: post #8

They jumped the shark with the Model 3, and I really wanted to like it.

It's still the most popular car in it's class by a mile, how is that "jumping the shark"?

Was the most popular car in its class,as it unloaded years worth of demand.

Re: Tesla Q2 2019 Letter

#64

Post by dkonofalski »

boldslogan wrote: post #16
leesec wrote: post #13

Earlier quoted context omitted.

This is a known feature unveiled, I believe, on Tesla's autonomy day. It just means they're able to test Autopilot on cars even if they aren't running autopilot.

neat. I would say im optomistic on this actual self driving stuff. But coming from almost no machine learning knowledge, doesn't this make tesla way ahead of google/waymo and others? Because they can simply check when they failed and tweak. I'm just curious if it does make them way ahead, and if so how much more ahead? Is this driving a car vs horse wagon levels?

Probably not way ahead but definitely ahead. Waymo has hundreds, if not thousands of fleet vehicles driving all day, every day around various parts of the country too and they can also check when people took over or when the brakes were hit. I think Tesla's approach is a little neater and nicer but that's just an opinion.

Re: Tesla Q2 2019 Letter

#65

Post by ricardobeat »

MegaButts wrote: post #45
ajross wrote: post #27

Earlier quoted context omitted.

That twitter thread (which is great, btw, everyone interested in this stuff should be following @greentheonly) doesn't remotely substantiate "Shadow Mode isn't real, and that Tesla is outright lying". I don't know the extent of public statements about it, but comparing collected data like the stuff detailed there to driver behavior is certainly feasible and almost certainly being done. It's also likely true that the…

I was stating his opinion, but I'll just quote him directly: > We'll start with the bitter truth. The "shadow driver that just sits there in the computer comparing notes and sending discrepancies and interesting events to Tesla" is a myth. I used to think people just misunderstood Elon, but now I believe Tesla lies about it on purpose I really did not mean for my comment to be inflammatory (hence the disclaimer and i…

That quote has no substance still. In the thread he proves that he can inspect some data logging routines in his Tesla, how does that lead to “shadow mode does not exist” is a mystery.

It is an obvious thing to do and the ‘shadowing’ aspect would not be particularly challenging tech, why the disbelief?

Re: Tesla Q2 2019 Letter

#66

Post by toopricey »

almost_usual wrote: post #29
Despegar wrote: post #14

Tesla's stock has massively under-performed over the past 5 years (will be up 8% over that period if the after hours price action holds). The opportunity cost of owning it has been huge while the rest of the market ripped up.

Up 8%? It's down 10%+, what made you think it would go up? Rest of the market ripped up? The S&P is up 20% this year while Tesla has gone down 20%. Edit: >The opportunity cost of owning it has been huge while the rest of the market ripped up The S&P is up over 50% in five years. TSLA could go up 20% tomorrow (and ignore today's after hours change) and the S&P would still be outperforming TSLA.

He was using "ripped up" as a positive term, I assume synonymous with "Shot up" or "went up". You're agreeing with him, both of yall are saying Tesla has massively underperformed the market

Re: Tesla Q2 2019 Letter

#67

Post by navigatesol »

danhak wrote: post #11

Looks like the cash situation is finally under control. They generated over $600 million in FCF in Q2. Compare this to only $200 million by Ford over the same period, also announced today: https://s22.q4cdn.com/857684434/files/doc_financials/2019/q2...

They increased cash by increasing their accrued liabilities. Accounting tricks.

Re: Tesla Q2 2019 Letter

#68

Post by jtchang »

Being able to test your code out in the real world and dark launch a feature gives Tesla a ridiculous advantage. No other company has the infrastructure to be able to do that. Plus they can even tell if the decision the neural net made was wrong because I assume even Tesla knows you got into an accident. And this over thousands of cars. The speed at which they are collecting data is unprecedented.

Re: Tesla Q2 2019 Letter

#69

Post by lukevdp »

almost_usual wrote: post #29
Despegar wrote: post #14

Tesla's stock has massively under-performed over the past 5 years (will be up 8% over that period if the after hours price action holds). The opportunity cost of owning it has been huge while the rest of the market ripped up.

Up 8%? It's down 10%+, what made you think it would go up? Rest of the market ripped up? The S&P is up 20% this year while Tesla has gone down 20%. Edit: >The opportunity cost of owning it has been huge while the rest of the market ripped up The S&P is up over 50% in five years. TSLA could go up 20% tomorrow (and ignore today's after hours change) and the S&P would still be outperforming TSLA.

You and the parent comment are in agreement, I think you misunderstood their comment.

Re: Tesla Q2 2019 Letter

#70

Post by ricardobeat »

KevinCarbonara wrote: post #38
justina1 wrote: post #21

Earlier quoted context omitted.

It's still the most popular car in it's class by a mile, how is that "jumping the shark"?

People wanted a Model S for a third of the price

The model 3 is a better car by many accounts, what’s the disappointment exactly?
Post reply on HN