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Tesla: Sales, Marketing, and Financial News

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Tesla: Sales, Marketing, and Financial News

 
Old 02-06-2019, 09:36 PM
  #161  
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Originally Posted by thoiboi View Post
It's a combo of both but i'll admit that it's probably 80/20 lack of competitions to superior cars. I think Tesla welcomes it but I can't say the other players are going to be as selfless.
50% brand cachet
15% - 20% lack of competition
30% - 35% perceived superiority to other EVs

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Old 03-04-2019, 03:04 PM
  #162  
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https://www.autoblog.com/2019/03/04/...er-automakers/

Tesla's factory in Fremont, California, employs more workers than any other American auto production plant. The company produced more than 250,000 vehicles in 2018, ramping up production on all models, including the all-important Model 3. Production hasn't always gone smoothly, but issues as of late have centered more on deliveries and logistics rather than actual issues on the production line. Still, Forbes reports that from 2014 to 2018 the automaker had three times as many OSHA violations as 10 other U.S. auto plants combined.

A larger workforce of course means there are more chances for injuries. Over a five-year period, 10 individual plants run by BMW, Nissan, Toyota, Ford, Honda, GM, Hyundai, Subaru, Kia and Mercedes-Benz employing 57,845 workers and total capacity of 4,329,500 vehicles racked up 18 violations and $89,539 in fines. Tesla, meanwhile, had 54 violations and $236,730 in fines. Tesla employs about 15,000 workers in Fremont and has a total capacity of about 500,000 vehicles.

The report says that violations range from failing to report incidents in a timely manner to an incident where a rear hatch failed, falling on a worker and breaking his pelvis. The tent that was erected last year to help speed up Model 3 production led to six violations and $29,365 in fines. The number of serious injuries — those that require workers to take time off to recover — has dropped, but Tesla still had 18 total violations last year, the most in the company's history.

In 2017, Tesla's number of recordable incidents, a different metric than OSHA violations, was lower by about half than the average number of incidents at the same factory when it was run by Toyota and GM.

It's still not a good look for a company that's had several issues with labor in the past, but we expect things to improve in the future.
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Old 03-04-2019, 05:07 PM
  #163  
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well to be fair, all the others had decades of experience in deal with the compliance issues.... Tesla is too new.

The counter point is, Tesla should have hired people with more experience.
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Old 03-05-2019, 06:22 AM
  #164  
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Tesla's factory in Fremont, California, employs more workers than any other American auto production plant.
I don't think anyone else has a factory in California so the numbers could be skewed just by that.
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Old 03-05-2019, 10:07 AM
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They work people like dogs. Not just in assembly either. There's a strong culture of mandatory overtime.

I know and have met several people who worked for them in different capacities, from assembly to engineering. Few people stay for long. The ones that do seem to hold Elon in a very high regard.
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Old 04-24-2019, 01:44 PM
  #166  
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If you thought Tesla would take the onslaught of new, competitive electric sedans and crossovers sitting down, think again. As the Jaguar i-Pace, Audi e-tron and Mercedes-Benz EQC move into production, the Palo Alto-based company is constantly changing, evolving and switching around its models in an attempt to keep the good vibes going.

To wit, the new Tesla Model S and Model X are getting a boost in both performance and range. The Model S Long Range will now go 370 miles on a charge as opposed to 335, while the Model X grabs 30 more miles for a total of 325 miles. Performance models gain ground, too, with the S going from 315 to 345 miles and the X going from 289 to 305 miles.


Tesla says the gains come from a switch to a permanent magnet motor at the front like the Model 3. Battery sizes stay the same all around. “The net effect is a more than 10 percent improvement in range, with efficiency improvements in both directions as energy flows out of the battery during acceleration and back into the battery through regenerative braking. In addition to adding range, power and torque increases significantly across all Model S and Model X variants, improving 0-60 mph times for our Long Range and Standard Range models.”


The base Model S gets to 60 mph in 4 seconds and the Long Range does it in 3.7. The LR Model X drops 0.2 seconds to 4.4.

Also, Tesla adds a thank you and loyalty bonus: “All existing Model S and Model X owners who wish to purchase a new Model S or Model X Performance car will get the Ludicrous Mode upgrade, a $20,000 value, at no additional charge.”

We like to make fun, but that’s a good upgrade and, with almost every other luxury brand nipping at its heels, right on time.
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Old 04-24-2019, 01:58 PM
  #167  
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I do wonder if Tesla is going to break their own rules and do a true interior refresh on the model S. They preach iterative updates but I think they might need something a bit more aggressive as more and more EVs enter the market.
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Old 04-24-2019, 02:04 PM
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Just wait... the Germans will come soon. Etron just arrived at the dealer.
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Old 06-12-2019, 08:16 AM
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https://electrek.co/2019/06/11/tesla...nes-elon-musk/

During Tesla’s 2019 Shareholders Meeting, Elon Musk gave a slight update to the timelines for the Tesla pickup truck and Tesla Semi truck.

As he has done recently, the CEO boasted again about Tesla’s extensive product lineup, but he warned that they don’t plan to add complexity to their lineup until they can scale battery production.

He reiterated that they currently need to extensively increase battery cell production.

Musk says that they are “managing the product rollout based on scaling battery production” and they can’t introduce new vehicles until this is solved.

With this caveat in mind, the CEO nonetheless offered a slight update to its production lineup timeline:

Musk reiterated that Model Y, which is the priority after Model 3, should come in the fall of 2020, but he said that they actually have a more aggressive internal timeline.

Tesla has mostly confirmed that Model Y will be built in Fremont.

As for the Tesla pickup truck, which he referred to as the ‘Cyberpunk Truck’, he still didn’t offer a timeline to production, but the order they are displayed above might be an indicator.

He reiterated that Tesla hopes to unveil the electric pickup truck near the end of Summer 2019.

As for the Tesla Semi, the automaker recently confirmed that the electric semi truck’s production has been delayed to next year after being originally planned for 2019.

Today, Musk added that he is “looking forward” to bringing Tesla Semi to production around “the end of 2020.”

The next-gen Roadster was included in Tesla’s “unmatched product lineup”.

The CEO recently tempered expectations on the timing of production for the new Roadster – saying that it isn’t a priority.

When unveiling the prototype back in 2017, Musk said that they were planning deliveries in 2020 and Tesla started taking reservations.

For more details about the new information released and discussed by Tesla at their shareholder’s meeting today, you can visit our Tesla Shareholder’s Meeting News Hub.
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Old 07-03-2019, 11:33 AM
  #170  
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Tesla Inc. investors cheered the electric car maker’s delivery numbers, but Wall Street analysts weren’t as impressed, as some analysts expressed concern that today’s gain came at the expense of profitability and demand down the road.

The stock TSLA, +5.18% jumped 5.9% toward a two-month high in morning trading Wednesday, but pared earlier gains of as much as 7.6%. That follows the announcement late Tuesday that 95,200 cars were delivered in the second quarter, more than what analysts were expecting, and well above the previous record of 91,000. The shares have rocketed 33% since closing at a more than 3-year low of $178.97 on June 3, but were still down 29% year to date, while the Dow Jones Industrial Average DJIA, +0.57% has rallied 15% this year.

The worry, analysts say, is that deliveries may have been boosted by price cuts, a pull-forward of demand given the expiring Federal tax credit, while the higher mix of lower-priced Model 3 deliveries could pressure margins and increase losses.

Model 3 deliveries totaled 77,550 during the quarter, or 81.5% of the total, compared with 80.8% of the total in the first quarter and 69.6% of the total in the fourth quarter.

“While 2Q19 units were better, we still caution...that mix of vehicles (and discounting to move units) could weigh on profitability and hence 2Q19 likely sacrificed margins for units,” analyst Joseph Spak at RBC Capital wrote in a note to clients.

And J.P. Morgan analyst Ryan Brinkman wrote: “The debate will also likely turn to sustainability of demand given that 2Q was, like 4Q18, a pre-buy quarter in the U.S. ahead of another step-down in availability of federal tax credits on July 1.”

As of July 1, the federal tax credit on Tesla vehicles was lowered to $1,875 from $3,750, which was lowered on Jan. 1 from $7,500.

Brinkman said the magnitude of the second-quarter loss and amount of free cash flow generated should now be a key focus of investors, especially since Tesla “may have undertaken extra costs to meet delivery targets.”
https://www.marketwatch.com/story/te..._theo_homepage
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