TSLA corporate outlook

[LTLFTcomposite]

Stopped by to see if anyone had heard from lorenfb or edatoakrun

 

[cwerdna]

^^^
From what I can tell, I guess that edatoakrun's been banned, which I don't agree with despite me not agreeing with and ignoring his posts on certain subjects.

 

[Nubo]

Looks like TLSA had a pretty bang up 3rd quarter, stock is spiking massively after hours. Revenues matched expectations but earnings were what are juicing this.

I love the smell of burning shorts in the morning.

 

[EVDRIVER]

Stopped by to see if anyone had heard from lorenfb or edatoakrun

Likely placing an order for a 3 while demand is low and the deep discounts are still available. I also hear Tesla now has free firmware updates to the radio.

 

[DaveinOlyWA]

^^^
From what I can tell, I guess that edatoakrun's been banned, which I don't agree with despite me not agreeing with and ignoring his posts on certain subjects.

Yeah; stupid decision based on his lack of popularity. Many have done much worse than him and still exist here.

 

[LTLFTcomposite]

Wow shorts must really be getting killed.
Was there news today?

 

[EVDRIVER]

Wow shorts must really be getting killed.
Was there news today?

Yes, CNBC is doing their normal FUD articles in full force to troll the stock down. Every time Tesla goes up they slam them harder. I have never seen so much flat out BS. Of course some short sellers are still pushing that Tesla is a scam. I never knew there were so many delusional people in the US but then again the recent politics are shaking the nuts from the trees.

 

[WetEV]

Oh, and Tesla is rolling out an important update.

https://www.teslarati.com/tesla-scheduled-departure-customized-charging-explained/

Something the LEAF had in 2010.

 

[Valdemar]

US sales are down 39%. Can someone come up with a reason why would overseas dynamics be different a year from now once the initial demand is fulfilled?

https://www.reuters.com/article/us-tesla-results/tesla-filing-shows-u-s-third-quarter-sales-dropped-39-idUSKBN1X81NM

 

[EVDRIVER]

Oh, and Tesla is rolling out an important update.

https://www.teslarati.com/tesla-scheduled-departure-customized-charging-explained/

Something the LEAF had in 2010.

Wow, you nailed it.

 

[GRA]

Both IEVS:

NHTSA Accepts Defect Petition On Tesla Model S And X Batteries

https://insideevs.com/news/380005/nhtsa-defect-petition-tesla-updates/

It emerged due to the suspicion that the company used software updates to hide hazards.

The NHTSA has a 120-day deadline to respond to defect petitions. The agency is said to fail to comply with this deadline most of the time, but it has taken exactly 38 days to address this one.

The attorney Edward C. Chen sent his request to NHTSA on September 17, and the answer came last October 24. NHTSA decided to investigate the battery safety of the Model S and the Model X, affected by 2019.16.1 and 2019.16.2 software updates. Tesla is accused of using them to mask safety hazards, such as spontaneous fires.

That is what Chen and his client, David Rasmussen, decided to ask the agency to investigate. Rasmussen was one of the owners that reported a 12 percent loss of range after the updates back in May. He told us he tried to get explanations from Tesla in a friendly way for months. As he did not get any satisfactory one, he sued the company on August 7. . .

NHTSA demanded extensive documentation from Tesla in nine topics that show how deep the agency wants to dive into the issue. . . .

Here's a link to a TMC post with a pdf file of the actual NHTSA request sent to Tesla: https://teslamotorsclub.com/tmc/thr...19-16-x-software.154976/page-358#post-4158845


Per an article on GCR, Tesla has until Nov. 28th to respond: https://www.greencarreports.com/new...t-its-battery-management-over-reports-of-fire

Audi e-tron, Jaguar I-PACE Are Outselling Tesla Model X In Norway

https://insideevs.com/news/380011/e-tron-i-pace-model-x-norway/

Tesla Model X in Norway is now selling at half the rate of 2018. Is this because the market provides more choices in 2019?. . . .

Tesla Model X has been pioneering the segment since 2016 and already almost 13,000 were sold. However, since the Jaguar I-PACE and Audi e-tron joined the market, there is a noticeable decrease in sales:

Data for 2019 indicate that Tesla Model X finds less customers than the I-PACE and e-tron:

Tesla Model X - 1,781 YTD (compared to 4,981 in full 2018)
Jaguar I-PACE - 2,820 YTD (compared to 1,081 in 2018)
Audi e-tron - 4,577 YTD (new)
Total - 9,178 YTD (compared to 6,062 in full 2018)

It's especially interesting because the overall sales expanded in 2019. There is no shortage of customers, which suggests that the preferences have changed. . . .

 

[Nubo]

NHTSA Accepts Defect Petition On Tesla Model S And X Batteries https://insideevs.com/news/380005/nhtsa-defect-petition-tesla-updates/

Raises a point I've been making for a long time. It's great that you can get an update without scheduling with a dealer. But it is NOT great (nor ethical, imho) that updates are forced upon you without your express approval.

 

[evnow]

Raises a point I've been making for a long time. It's great that you can get an update without scheduling with a dealer. But it is NOT great (nor ethical, imho) that updates are forced upon you without your express approval.

You don't need to update.

 

[WetEV]

NHTSA Accepts Defect Petition On Tesla Model S And X Batteries https://insideevs.com/news/380005/nhtsa-defect-petition-tesla-updates/

Raises a point I've been making for a long time. It's great that you can get an update without scheduling with a dealer. But it is NOT great (nor ethical, imho) that updates are forced upon you without your express approval.

Unless you have the source code and the time to review it, how can you meaningfully approve or disapprove it?

 

[goldbrick]

I agree for approval (and I would add the requirement of having the expertise to understand the changes) but if it were me, I'd like to have the option of 'my car works fine the way it is, just leave it alone please'.

 

[Nubo]

NHTSA Accepts Defect Petition On Tesla Model S And X Batteries https://insideevs.com/news/380005/nhtsa-defect-petition-tesla-updates/

Raises a point I've been making for a long time. It's great that you can get an update without scheduling with a dealer. But it is NOT great (nor ethical, imho) that updates are forced upon you without your express approval.

Unless you have the source code and the time to review it, how can you meaningfully approve or disapprove it?

The same way I do for my computing devices. I don't review the source code, I just wait for it to be in the field for awhile and see if there are any bugs or consequences I'd rather not deal with.

 

[cwerdna]

[Added] IEVS:

Tesla Sued By Walmart For Solar Panel-Related Fires & Other Issues

https://insideevs.com/news/366187/walmart-sue-tesla-fire/


Apparently they've got Tesla panels installed at 240 stores, and have had fires related to them at 7. The article contends Walmart may well cancel their order for Tesla Semis as well.

Well, if I'm not mistaken they are not Tesla panels. Solar City was installing panels from multiple vendors before Tesla bought them and started manufacturing their own panels. But the article I read showed some very bad solar maintenance, like leaving junction boxes open to the weather and wires not routed properly. It does seem that Solar City was growing too fast, and they did not have a well trained staff maintaining these panels, and Tesla is responsible for fixing this after they purchased Solar City. It is not good news, but it is also something that they can fix with their other customers even if they can't find a way to fix their relationship with WalMart. I'm betting that they come to an agreement with WalMart for both the solar and the future vehicle sales.

Walmart reaches settlement with Tesla over solar panel fires, drops lawsuit
https://techcrunch.com/2019/11/05/walmart-reaches-settlement-with-tesla-over-solar-panel-fires-drops-lawsuit/

 

[cwerdna]

If you doubt that Tesla will build 500,000 cars per year within 6-12 months, you are ignoring reality.

Ok, you wrote the above on Jan 26, 2018 (https://www.mynissanleaf.com/viewtopic.php?p=517342#p517342).
I wrote:

500K vehicles per year rate within 6 months? Doubtful. Within a year? Maybe.

We're now past 12 months. Per https://ir.tesla.com/news-releases/news-release-details/tesla-q2-2019-vehicle-production-deliveries, Tesla in 2Q 2019 produced 87,048 vehicles, for an average rate of 6,696/week or 348K/year if they maintain that rate.

Musk’s goals for the entire year demand that deliveries and production continue to accelerate. Musk has stated that Tesla will deliver 360,000 to 400,000 cars this year, but has delivered fewer than 160,000 through the first six months. Tesla did not reiterate that annual guidance, as it did in its announcement of first-quarter deliveries.

Well, Q3 2019 results are out.

Per page 6 of https://ir.tesla.com/static-files/47313d21-3cac-4f69-9497-d161bce15da4, in that quarter, they produced 16,318 Model S/X + 79,837 Model 3's for 96,155 vehicles in a quarter. That's about 7,396/per week. So, assuming 52 weeks in a year, that's only about 384.6K/year.

We are nearing the 2 year mark of your "6-12 months" prediction. I guess we'll see again in a few months when we hear Q4 2019 results.

 

[GRA]

cwerdna, webb14leafs was last active here in June, so while I understand your desire to point out that his (and Tesla's) production forecasts have been missed yet again, you're essentially posting to a ghost.

 

[GRA]

IEVS:

Tesla Rejects UK Factory Over Brexit Concerns

https://insideevs.com/news/382129/tesla-no-uk-factory-brexit/

The EV manufacturer's first European production site will be in Germany instead.

Tesla chief Elon Musk has revealed that Brexit uncertainty was key to his company rejecting Britain as the site of its new European factory.

The electric vehicle manufacturer has confirmed that its first European production facility will open near Berlin in 2021, with an engineering and design center also opening at the site. . . .