Tesla needs to figure out the post sales service and parts. Right now it seems they are cranking out cars like phones; with the intent of disposal after a few years.
Eh? I thought they backed up their cars pretty well. Of course, opening up and fostering postmarket service would make people significantly less wary of a less established car company.
A friend had a problem with theirs. They pulled over and pressed a button to connect to techs. The tech ran a series of remote diagnostics and cycled potentially faulty actuators (e.g. brakes in this case). They were on their merry way in half an hour with a full report of health.
He did say the battery was rated for 1500 cycles. At two cycles a week that 14 years. Longer than most people keep a car. That is also with virtually zero engine maintenance.
People only charge enough for the amount they drive. If the car has 250 miles of range and the commute is 25 miles then charging once a week is reasonable.
Has anyone else ever seen an email like this with potentially SEC-violating information sent broadly to staff ahead of public release? I've worked with a lot of large companies and unless this was leaked by someone senior on the finance team, it's extremely fishy (usually employees find out key information like this in the news before or at the same time as internal memos).
Musk isn’t known for being careful in his extrapolations, so I wouldn’t use “shows”, but something like “states” (“claims” is too negative)
Also, what is a “net new order”? If that’s orders received minus orders cancelled, that “50,000 as of last Tuesday” extrapolates to about 90,000 in the quarter (May 21 is the 51st day in a 91 day quarter), so if they are to beat the 90,700 deliveries, and all else staying equal, they will run out of customers, but only very slowly.
Given the simplifications in that model, I don’t think that is concerning, but if they want to produce 10,000 cars a week by end of the year, they’ll need about 40% more orders.
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[ 3.3 ms ] story [ 56.0 ms ] threadThe 1st leaked email about burning cash over 10 months, causing the stock to crash even more
"where there's a will there's a way". So by your logic he wants the stock to go down
God help you if you need body work, however.
https://www.teslarati.com/tesla-model-3-battery-module-repla...
Also, what is a “net new order”? If that’s orders received minus orders cancelled, that “50,000 as of last Tuesday” extrapolates to about 90,000 in the quarter (May 21 is the 51st day in a 91 day quarter), so if they are to beat the 90,700 deliveries, and all else staying equal, they will run out of customers, but only very slowly.
Given the simplifications in that model, I don’t think that is concerning, but if they want to produce 10,000 cars a week by end of the year, they’ll need about 40% more orders.
The 1st leaked email about burning cash over 10 months
How convenient that email leaked when the stock price is getting clobbered, adding insult to injury.
How convenient
Q1 2019: -$702
2018: -$976
2017: -$1,961
2016: -$675
2015: -$889
2014: -$294
2013: -$74
2012: -$396
2011: -$254
2010: -$154
2009: -$56
2008: -$82
2007: -$78