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Tesla’s approach to battery recycling is quite different from most other automakers who are so far focusing on end-of-life applications for battery packs.
Many automakers, like Hyundai, BMW, and Renault, have announced plans to use old battery packs in energy storage systems instead of recycling them to make new ones.
Some of them are already doing it with older battery packs coming back to them.
Tesla says that it doesn’t have a significant number of battery packs currently coming back due to their end-of-life, but it has a few packs coming back from “R&D, manufacturing, quality control and service operations” and the automaker is recycling those batteries.
The company says that it is currently working with third-party recyclers for those:
“Today, we work with third-party recyclers around the world to process all scrap and end-of-life batteries to recover valuable metals. Our recycling partners work with us to ensure that non-valuable or non-recoverable materials from the batteries are disposed of responsibly.”
But that’s apparently a temporary solution as Tesla claims to be “developing a unique battery recycling system” at Gigafactory 1 in Nevada.
Tesla wrote in the impact report:
“At Gigafactory 1, Tesla is developing a unique battery recycling system that will process both battery manufacturing scrap and end-of-life batteries. Through this system, the recovery of critical minerals such as lithium and cobalt will be maximized along with the recovery of all metals used in the battery cell, such as copper, aluminum and steel. All of these materials will be recovered in forms optimized for new battery material production.”
Several companies are currently working on ways to be able to recover critical minerals from battery cells in the recycling process.
Tesla believes that its own closed-loop battery recycling process will result in significant savings:
“The closed-loop battery recycling process at Gigafactory 1 presents a compelling solution to move energy supply away from the fossil-fuel based practice of take, make and burn, to a more circular model of recycling end-of-life batteries for reuse over and over again. From an economic perspective, we expect to recognize significant savings over the long term, as the costs associated with large-scale battery material recovery and recycling will be far lower than purchasing and transporting new materials.”
Not much else is known about Tesla’s battery recycling process at Gigafactory 1.
Interestingly, JB Straubel, Tesla co-founder and current CTO at the automaker, started a material recycling startup two years ago and it is believed to be connected to Tesla.
Another potential cost advantage. If it reduces costs by 10-20% that'd be huge step towards creating a $25k car or increasing margins
Tesla’s Model 3 is now officially the best-selling premium vehicle in the US during its first full year of production after all the industry sales numbers for 2018 have come in.
“Additionally, 2018 was the first time in decades that an American car – the Model 3 – was the best-selling premium vehicle in the U.S. for the full year, with U.S. sales of Model 3 roughly double those of the runner up.”
... Tesla confirmed having delivered 145,846 Model 3 vehicles in 2018. That’s not only in the US, it also includes some Canadian deliveries.
The automaker doesn’t breakdown its deliveries per market like most other automakers.
WTF! Tesla is filing for a restraining orders because short sellers are so desperate for Tesla to fail that they are interfering with Tesla's Investor Autonomy Day
Q1 2019 analyst estimates
non-GAAP loss of $0.94 per share . . . reported non-GAAP loss of $3.35 per share / GAAP loss of $4.19 a year ago
Revenue of $5.5 billion . . . was $3.41 billion a year ago
Earnings: Analysts polled by FactSet expect Tesla to report an adjusted loss of 94 cents a share. That would compare with an adjusted loss of $3.35 a share in the first quarter of 2018
Revenue: The analysts surveyed by FactSet are expecting quarterly revenue of $5.5 billion, up from $3.4 billion in the year-ago quarter.
It's interesting how the back end of 2018 was over loaded and then in 2019 the numbers more or less fell in line with the RX. Why the sudden drop after December 2018?
Would be nice if Tesla broke down sales by region so we can get a better idea of where demand is coming from.
Don't know how accurate they are, but according to Tesla Model 3 Sales Figures | GCBC , Model 3 sales in U.S. are down quite a bit from prior 6 months, which means most of sales are coming from International markets
Tesla said they delivered 50,900 Model 3's in 1Q 2019
50,900 - 6,500 (Jan 2019) - 5,750 (Feb 2019) - 10,175 (Mar 2019) = 28,475 or 55.9430255% were sold outside of U.S.
And Model S and X sales are for sure down.
1Q 2017 deliveries
15,200 = Model S
13,120 = Model X
1Q 2018 delievers
11,730 = Model S
10,070 = Model X
2Q 2018 delivers
10,930 = Model S
11,370 = Model X
3Q 2018 delivers
14,470 = Model S
13,190 = Model X
4Q 2018 deliveries
13,500 = Model S
14,050 = Model X
Q1 2019 analyst estimates
non-GAAP loss of $0.94 per share . . . reported non-GAAP loss of $3.35 per share / GAAP loss of $4.19 a year ago
Revenue of $5.5 billion . . . was $3.41 billion a year ago
It's interesting how the back end of 2018 was over loaded and then in 2019 the numbers more or less fell in line with the RX. Why the sudden drop after December 2018?
Because they shifted to selling vehicles in Europe and China in the first quarter
Would be nice if Tesla broke down sales by region so we can get a better idea of where demand is coming from.
Don't know how accurate they are, but according to Tesla Model 3 Sales Figures | GCBC , Model 3 sales in U.S. are down quite a bit from prior 6 months, which means most of sales are coming from International markets
Tesla said they delivered 50,900 Model 3's in 1Q 2019
50,900 - 6,500 (Jan 2019) - 5,750 (Feb 2019) - 10,175 (Mar 2019) = 28,475 or 55.9430255% were sold outside of U.S.
And Model S and X sales are for sure down.
1Q 2017 deliveries
15,200 = Model S
13,120 = Model X
1Q 2018 delievers
11,730 = Model S
10,070 = Model X
2Q 2018 delivers
10,930 = Model S
11,370 = Model X
3Q 2018 delivers
14,470 = Model S
13,190 = Model X
4Q 2018 deliveries
13,500 = Model S
14,050 = Model X
1Q 2019 deliveries
12,100 = Model S and X
.
That was the plan the entire time. It has been discussed many times by Tesla that Q1 is when the start shipping to other continents. It has been discussed multiple times that there's issues on Panasonic's side of the Gigafactory where they're only making 2/3rds the amount of batteries they should be making which is the main constraint on Model 3 production right now. They can't sell anymore because Panasonic can't make batteries as fast as they should be able to. Q1 sales were always going to be light in the US because they have to be split with China and Europe, and Panasonic hasn't gotten their shit together so they can't increase production.
The Model S and X got a refresh last night, much more efficient drivetrain, faster charging, more power, faster 0-60, more range. Still using the 18650 batteries (see Panasonic battery issues) and still needs an interior refresh.
It went fine. Still waiting for you to tell me which Luxury vehicle sold more than the Model 3 in 2018? According to Doopstr and AZuser, the only way the RX can compare with the 3 in US sales is if Tesla intentionally cuts their US sales in half by shipping half of their vehicles to Europe and China.
Also Tesla counts sales differently than other manufacturers. Since Tesla doesn't have 3rd party dealerships sales are counted with the vehicle is handed over to the customer. Most other car companies count it as a sale when it's sold to a car dealership where it sits on a lot hoping to be bought by a customer.
Q1 2019 analyst estimates
non-GAAP loss of $0.94 per share . . . reported non-GAAP loss of $3.35 per share / GAAP loss of $4.19 a year ago
Revenue of $5.5 billion . . . was $3.41 billion a year ago
Tesla is expected to report first-quarter earnings after the markets close Wednesday in the company’s first report after losing a valuable tax credit for its buyers on Jan. 1.
Here’s what analysts are expecting, based on average estimates compiles by Refinitiv:
Seeing loss of $2.90 per share vs loss of $1.15 (FactSet), loss of $0.69 (Refinitiv) estimate -- HUGE miss
Revenue of $4.5 billion vs $5.4 billion (FactSet) , $5.19 billion (Refinitiv) estimate -- big miss
Q2 2019 going to be another unprofitable quarter though much smaller than Q1 2019, then will return to profitability in Q3 2019
OUTLOOK
Our 2019 capex, the vast majority of which will be to grow our capacity and develop new vehicles, is expected to be about $2.0 to $2.5 billion. We believe this amount should be sufficient to continue to develop our main projects, such as Gigafactory Shanghai, Model Y and Tesla Semi, as well as for the further expansion of our Supercharger and service networks.
Operating cash flow less capex should be positive in every quarter including Q2. As the impact of higher deliveries and cost reduction take full effect, we expect to return to profitability in Q3 and significantly reduce our loss in Q2.
They're going to need to ramp up sales/deliveries to avoid having to raise cash with only $2.2 billion on hand when they're looking to spend $2.0 to $2.5 billion in 2019 on capex
We ended the quarter with $2.2 billion of cash and cash equivalents, a $1.5 billion reduction from the end of 2018. This reduction was driven by a $920 million convertible bond repayment and an increase in the number of vehicles in transit to customers at the end of Q1. In addition, we began production and deliveries of Model 3 vehicles for overseas markets.
- Operating expenses = $1,087,574 thousand
- Loss from operations = -$521,831 thousand
- Cash and cash equivalents = $2,198,169 thousand
Tesla is going to launch a new insurance program set to launch next month, according to Elon Musk. The program comes as many Tesla buyers are complaining about the price of insurance for Tesla’s vehicles.
Two years ago, we published an exclusive report revealing that Tesla was working on a new car insurance program, which it started offering to its customers in Australia and Hong Kong. It has since expanded into several other markets including North America.
This was only a first step toward building its own insurance products.
Last year, Tesla hired Alex Tsetsenekos, a former exec at Liberty Mutual, Tesla’s partner for InsureMyTesla in the US, and several other insurance companies, to lead what he described as a ‘Customer Centric Insurance Company’.
During a conference call following the release of its Q1 earnings, Musk confirmed that they aim to launch their new insurance program next month:
“It will be more compelling than anything else.”
Musk argues that they have better information than insurance companies when it comes to the impact of Autopilot and other safety features.
The CEO even hinted that Tesla could know how dangerously people drive their cars and adjust the premiums accordingly.
Yeah Doop did. Elon confirmed during the call today what you said. The first half of the quarter they made cars for Europe and China, the 2nd half they made cars for the US. So the model 3 had similar sales numbers to the Lexus RX in the US during Q1 even though it was only delivering cars in the US for half the quarter. You'd have to live in a reality distortion field to see that as a win for the RX.
Audi's "competition" to Tesla is the e-tron SUV it's got a 90KWh battery but only a 200 mile range and it costs $75,000.
The Model X with 100kwh battery has 325mi range, the Model S with the same battery goes 370mi. The model X goes 50% further per KWh of energy than the e-tron
Tesla is in a league of their own, no other manufacturer is even close right now. They're years behind. Sorry kurt.
04-12-2019, 01:17 PM
WSJ really publishes some shit articles sometimes. Their opinion page is trash
I never said anything about RX sales.
