Tesla IPO, would you?
#401
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Can you still special/custom order a Model 3 in Silver Metalic?
#402
Sanest Florida Man
As far as I know
#403
Sanest Florida Man
Short Uber! Short Lyft!
#404
Sanest Florida Man
WSJ really publishes some shit articles sometimes. Their opinion page is trash
#405
Sanest Florida Man
Last edited by #1 STUNNA; 04-16-2019 at 11:06 PM.
#406
Sanest Florida Man
Tesla is developing a ‘unique battery recycling system’
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 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:
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.
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.
American Manganese recently achieved high extraction from lithium-ion battery cathode material at their pilot recycling plant.
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.”
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.
American Manganese recently achieved high extraction from lithium-ion battery cathode material at their pilot recycling plant.
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.”
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.
#407
Sanest Florida Man
Tesla Model 3 officially becomes best-selling premium vehicle in the US
But according to Nikkei and WSJ there's no demand for the Model 3 and Tesla is circling the drain
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.
When Tesla announced its record deliveries of 90,700 cars during Q4 last week, the automaker first made the claim:
...
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.
That said, Canadian deliveries are expected to be fewer than 5,000 based on registration data from previous quarters.
It would mean that Tesla easily delivered over 140,000 Model 3 vehicles in the US last year.
The best-selling premium vehicle behind the Model 3 was the Lexus RX with 111,641 deliveries in 2018, according to Toyota.
When Tesla announced its record deliveries of 90,700 cars during Q4 last week, the automaker first made the claim:
“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.
That said, Canadian deliveries are expected to be fewer than 5,000 based on registration data from previous quarters.
It would mean that Tesla easily delivered over 140,000 Model 3 vehicles in the US last year.
The best-selling premium vehicle behind the Model 3 was the Lexus RX with 111,641 deliveries in 2018, according to Toyota.
#408
Sanest Florida Man
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
Last edited by #1 STUNNA; 04-20-2019 at 09:42 PM.
#409
Sanest Florida Man
#410
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#411
Team Owner
https://www.cnbc.com/2019/04/22/tesl...-shanghai.html
Tesla is investigating the apparent explosion of a parked car in Shanghai
Video at link.
Tesla is investigating the apparent explosion of a parked car in Shanghai
Video at link.
#412
Wednesday
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
https://www.marketwatch.com/story/te...oss-2019-04-18
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
https://www.marketwatch.com/story/te...oss-2019-04-18
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.
Revenue: The analysts surveyed by FactSet are expecting quarterly revenue of $5.5 billion, up from $3.4 billion in the year-ago quarter.
#413
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picked up like 4 shares because why not?
#414
Team Owner
Sounds like full self drive is just around the corner.
Elon Musk claims Tesla will have 1 million robotaxis on roads next year, but warns he’s missed the mark before
https://www.cnbc.com/2019/04/22/elon...next-year.html
Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.
#415
Sanest Florida Man
This presentation was amazing
#416
Sanest Florida Man
Some reactions from investors who were there, and got to ride in the FSD demo cars
#417
Sanest Florida Man
#418
Very interested to see how this plays out.
It clearly broke up trend, but it's still within channel of support
7wqmGAm.png
It clearly broke up trend, but it's still within channel of support
7wqmGAm.png
#419
Team Owner
New product announcement!
#420
Azine Jabroni
Tesla Model 3 officially becomes best-selling premium vehicle in the US
But according to Nikkei and WSJ there's no demand for the Model 3 and Tesla is circling the drain
But according to Nikkei and WSJ there's no demand for the Model 3 and Tesla is circling the drain
#421
Sanest Florida Man
Go on...
Link to prove some other company sold more models of a Luxury vehicle in the US than the model 3 did? That will shatter my RDF, I'll wait...
Link to prove some other company sold more models of a Luxury vehicle in the US than the model 3 did? That will shatter my RDF, I'll wait...
Last edited by #1 STUNNA; 04-24-2019 at 12:42 PM.
#422
Team Owner
Tesla Model 3 US car sales figures
Lexus RX US car sales figures
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?
Last edited by doopstr; 04-24-2019 at 01:13 PM.
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kurtatx (04-24-2019)
#423
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
.
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
.
Last edited by AZuser; 04-24-2019 at 01:49 PM.
#424
Azine Jabroni
#425
Wednesday
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
https://www.marketwatch.com/story/te...oss-2019-04-18
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
https://www.marketwatch.com/story/te...oss-2019-04-18
Big change from 3 months ago whey they were expecting a profit of $1.15 per share. Hope Tesla can pull off a surprise beat (tiny loss or tiny profit).
The following users liked this post:
Mizouse (04-24-2019)
#426
Sanest Florida Man
In the first 3 months of 2019, the Lexus RX is outselling the Model 3.
Tesla Model 3 US car sales figures
Lexus RX US car sales figures
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?
Tesla Model 3 US car sales figures
Lexus RX US car sales figures
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?
#427
Sanest Florida Man
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
.
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
.
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.
#428
Sanest Florida Man
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.
Last edited by #1 STUNNA; 04-24-2019 at 02:36 PM.
#429
Sanest Florida Man
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.
#430
#431
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no earnings yet?
Last edited by Mizouse; 04-24-2019 at 03:26 PM.
#432
2:30 PM PDT
https://ir.tesla.com/events/event-de...and-qa-webcast
https://ir.tesla.com/events/event-de...and-qa-webcast
Event Details
Tesla, Inc. Q1 2019 Financial Results and Q&A Webcast
Apr 24, 2019
2:30 PM PDT
Tesla, Inc. Q1 2019 Financial Results and Q&A Webcast
Apr 24, 2019
2:30 PM PDT
#433
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#434
Wednesday
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
https://www.marketwatch.com/story/te...oss-2019-04-18
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
https://www.marketwatch.com/story/te...oss-2019-04-18
Big change from 3 months ago whey they were expecting a profit of $1.15 per share. Hope Tesla can pull off a surprise beat (tiny loss or tiny profit).
https://www.cnbc.com/2019/04/24/tesl...s-q1-2019.html
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:
Loss per share: 69 cents
Revenue: $5.19 billion
Here’s what analysts are expecting, based on average estimates compiles by Refinitiv:
Loss per share: 69 cents
Revenue: $5.19 billion
#435
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After hours 251.68 −6.98 (-2.70%)
loss $2.90/share
#436
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
https://ir.tesla.com/static-files/b2...5-050eb29dd42f
Revenue of $4.5 billion vs $5.4 billion (FactSet) , $5.19 billion (Refinitiv) estimate -- big miss
https://ir.tesla.com/static-files/b2...5-050eb29dd42f
#437
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And now it’s green
After hours 260.34 +1.68 (+0.65%)
After hours 260.34 +1.68 (+0.65%)
#438
Q2 2019 going to be another unprofitable quarter though much smaller than Q1 2019, then will return to profitability in Q3 2019
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
- Operating expenses = $1,087,574 thousand
- Loss from operations = -$521,831 thousand
- Cash and cash equivalents = $2,198,169 thousand
Their own insurance might help
Tesla is going to launch a new insurance program next month, says Elon Musk - https://electrek.co/2019/04/24/tesla...ram-elon-musk/
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.
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.
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.
- Loss from operations = -$521,831 thousand
- Cash and cash equivalents = $2,198,169 thousand
Their own insurance might help
Tesla is going to launch a new insurance program next month, says Elon Musk - https://electrek.co/2019/04/24/tesla...ram-elon-musk/
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:
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.
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.”
The CEO even hinted that Tesla could know how dangerously people drive their cars and adjust the premiums accordingly.
#439
Sanest Florida Man
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.
#440
Sanest Florida Man
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.
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.