Tesla IPO, would you?
#321
Doubt that. They’re making vehicles for Europe and China now, not the US so why would they keep a full US delivery staff when there’s no vehicles to deliver? This plan has been known for months, the make vehicles in identical batches for simplicity. The Euro cars have a different charge port and license plate bracket
#323
Some good videos on why Tesla bought Maxwell
TL;DW They bought Maxwell for the dry cell battery tech. Tesla has been working with them and has confirmed that they get 300wh/kg from these batteries, compared to the 250 they get now. They're also cheaper to make since wet batteries have to be dried in giant ovens, dry cells don't they're already dry. So that saves on space since they don't need the ovens, save on cost since they don't need to power the ovens, and save on time since the batteries don't need to be baked. Tesla already had the best batteries but now they are going to be about 20% better, and cheaper. $35k Model 3 here we come.
TL;DW They bought Maxwell for the dry cell battery tech. Tesla has been working with them and has confirmed that they get 300wh/kg from these batteries, compared to the 250 they get now. They're also cheaper to make since wet batteries have to be dried in giant ovens, dry cells don't they're already dry. So that saves on space since they don't need the ovens, save on cost since they don't need to power the ovens, and save on time since the batteries don't need to be baked. Tesla already had the best batteries but now they are going to be about 20% better, and cheaper. $35k Model 3 here we come.
#326
Doubt that. They’re making vehicles for Europe and China now, not the US so why would they keep a full US delivery staff when there’s no vehicles to deliver? This plan has been known for months, they make vehicles in identical batches for simplicity. The Euro cars have a different charge port and license plate bracket
#327
https://www.cnn.com/2019/02/21/tech/...l-3/index.html
Consumer Reports no longer recommends the Tesla Model 3
Consumer Reports is pulling its recommendation of Tesla Model 3, citing reliability issues with the car.
Tesla buyers are more likely to be satisfied with their car than customers of any other brand, according to Consumer Reports. Yet the publication says many customers reported problems with the Model 3, including loose body trim and glass defects.
"Consumers expect their cars to last — and not be in the repair shop. That's why reliability is so important," said Jake Fisher, senior director of automotive testing at Consumer Reports.
Tesla (TSLA) pointed to its overall customer satisfaction rating from Consumer Reports and said it has corrected many of the problems found in the survey.
Tesla buyers are more likely to be satisfied with their car than customers of any other brand, according to Consumer Reports. Yet the publication says many customers reported problems with the Model 3, including loose body trim and glass defects.
"Consumers expect their cars to last — and not be in the repair shop. That's why reliability is so important," said Jake Fisher, senior director of automotive testing at Consumer Reports.
Tesla (TSLA) pointed to its overall customer satisfaction rating from Consumer Reports and said it has corrected many of the problems found in the survey.
#329
$285.45 : -$13.32 (-4.46%)
After hours: 7:17PM EST
https://www.wsj.com/articles/sec-ask...pt-11551137500
After hours: 7:17PM EST
https://www.wsj.com/articles/sec-ask...pt-11551137500
SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt
Regulator cites Feb. 19 tweet regarding projected production volumes in 2019
Feb. 25, 2019
The Securities and Exchange Commission on Monday asked a federal judge to hold Tesla Inc. Chief Executive Elon Musk in contempt of court over tweets he made last week discussing the auto maker’s projected production volumes in 2019.
In a federal court filing late Monday, the SEC said Mr. Musk violated a condition of his settlement with the regulator last year, when he was accused of tweeting misleading information about taking Tesla private. Mr. Musk’s deal with the SEC required that Tesla officials preapprove any statements from Mr. Musk that could affect the company’s stock price.
A Tesla spokesman and Mr. Musk didn’t immediately respond to requests for comment.
In a series of Twitter messages on Feb. 19 that began as a celebration over Tesla vehicles prepared for shipment to Europe, Mr. Musk noted how the auto maker had seen large growth in recent years. “Tesla made 0 cars in 2011, but will make around 500k in 2019,” he said in one posting at 4:15 p.m. California time.
The suggestion that Tesla would make 500,000 vehicles this year stood in contrast to previous guidance by the company on Jan. 30. In his quarterly shareholder letter, Mr. Musk told investors that Tesla would reach an annualized build rate of 500,000 Model 3s sometime between the fourth quarter and second quarter of next year. Tesla planned to deliver as many as 400,000 in all of 2019.
More than four hours after his tweet on Feb. 19, Mr. Musk clarified in another message, saying, “Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k.”
The SEC said in its filing that Mr. Musk “did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people.”
Regulator cites Feb. 19 tweet regarding projected production volumes in 2019
Feb. 25, 2019
The Securities and Exchange Commission on Monday asked a federal judge to hold Tesla Inc. Chief Executive Elon Musk in contempt of court over tweets he made last week discussing the auto maker’s projected production volumes in 2019.
In a federal court filing late Monday, the SEC said Mr. Musk violated a condition of his settlement with the regulator last year, when he was accused of tweeting misleading information about taking Tesla private. Mr. Musk’s deal with the SEC required that Tesla officials preapprove any statements from Mr. Musk that could affect the company’s stock price.
A Tesla spokesman and Mr. Musk didn’t immediately respond to requests for comment.
In a series of Twitter messages on Feb. 19 that began as a celebration over Tesla vehicles prepared for shipment to Europe, Mr. Musk noted how the auto maker had seen large growth in recent years. “Tesla made 0 cars in 2011, but will make around 500k in 2019,” he said in one posting at 4:15 p.m. California time.
The suggestion that Tesla would make 500,000 vehicles this year stood in contrast to previous guidance by the company on Jan. 30. In his quarterly shareholder letter, Mr. Musk told investors that Tesla would reach an annualized build rate of 500,000 Model 3s sometime between the fourth quarter and second quarter of next year. Tesla planned to deliver as many as 400,000 in all of 2019.
More than four hours after his tweet on Feb. 19, Mr. Musk clarified in another message, saying, “Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k.”
The SEC said in its filing that Mr. Musk “did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people.”
Last edited by AZuser; 02-25-2019 at 06:20 PM.
#330
https://www.wsj.com/articles/federal...ms-11551200381
Federal Judge Gives Musk Until March 11 to Answer Contempt Claims
Feb. 26, 2019 11:59 a.m. ET
Tesla Inc. Chief Executive Elon Musk has until March 11 to answer federal regulators’ claims that tweets he issued last week violated an enforcement settlement he reached last year, a federal judge decided Tuesday.
U.S. District Judge Alison Nathan ordered Mr. Musk to respond to the Securities and Exchange Commission’s motion, filed late Monday, which asked her to find the Tesla leader in contempt of court. The SEC argues that Mr. Musk’s Twitter messages on Feb. 19 violated a condition of his earlier fraud settlement, which required the company to preapprove any of his potentially market-moving statements.
Judge Nathan approved the settlement in October, which focused on tweets Mr. Musk disseminated on Aug. 7 saying he might take the auto maker private and had the funding to do so. Tesla’s shares immediately soared but fell in later days when The Wall Street Journal and others reported that Mr. Musk and his advisers were still trying to line up potential investors and buyers.
The SEC argued Mr. Musk’s August tweets were misleading and violated laws that require public companies and their officers to speak truthfully to investors.
After an investigation, Mr. Musk reached a deal that allowed him to stay as Tesla’s CEO but required him to give up his role as chairman. Mr. Musk and Tesla also each agreed to pay a fine of $20 million. In addition, the CEO accepted conditions that required Tesla officials to read and approve any of his market-moving tweets before he issues them publicly.
Feb. 26, 2019 11:59 a.m. ET
Tesla Inc. Chief Executive Elon Musk has until March 11 to answer federal regulators’ claims that tweets he issued last week violated an enforcement settlement he reached last year, a federal judge decided Tuesday.
U.S. District Judge Alison Nathan ordered Mr. Musk to respond to the Securities and Exchange Commission’s motion, filed late Monday, which asked her to find the Tesla leader in contempt of court. The SEC argues that Mr. Musk’s Twitter messages on Feb. 19 violated a condition of his earlier fraud settlement, which required the company to preapprove any of his potentially market-moving statements.
Judge Nathan approved the settlement in October, which focused on tweets Mr. Musk disseminated on Aug. 7 saying he might take the auto maker private and had the funding to do so. Tesla’s shares immediately soared but fell in later days when The Wall Street Journal and others reported that Mr. Musk and his advisers were still trying to line up potential investors and buyers.
The SEC argued Mr. Musk’s August tweets were misleading and violated laws that require public companies and their officers to speak truthfully to investors.
After an investigation, Mr. Musk reached a deal that allowed him to stay as Tesla’s CEO but required him to give up his role as chairman. Mr. Musk and Tesla also each agreed to pay a fine of $20 million. In addition, the CEO accepted conditions that required Tesla officials to read and approve any of his market-moving tweets before he issues them publicly.
#332
Model Y? Roadster? Pick-up truck?
ZUzXR4Q.png
https://www.cnbc.com/2019/02/28/tesl...s-website.html
ZUzXR4Q.png
https://www.cnbc.com/2019/02/28/tesl...s-website.html
Tesla suspends orders on website ahead of 5 pm ET announcement
Electric carmaker Tesla suspended all orders on its website and redirected users to a page teasing a mystery announcement CEO Elon Musk said is coming at 5 p.m. ET Thursday.
Users who attempt to go to any of the company’s ordering pages are redirected to a site that says: “The wait is almost over. Great things are launching at 2pm.”
Whatever Tesla will launch is still a mystery. Investors have been expecting updates on several fronts, including the arrival of Tesla’s long-promised $35,000 Model 3, a version of the sedan Tesla has been promising since it unveiled the car in 2016.
This story is developing. Check back for updates.
Electric carmaker Tesla suspended all orders on its website and redirected users to a page teasing a mystery announcement CEO Elon Musk said is coming at 5 p.m. ET Thursday.
Users who attempt to go to any of the company’s ordering pages are redirected to a site that says: “The wait is almost over. Great things are launching at 2pm.”
Whatever Tesla will launch is still a mystery. Investors have been expecting updates on several fronts, including the arrival of Tesla’s long-promised $35,000 Model 3, a version of the sedan Tesla has been promising since it unveiled the car in 2016.
This story is developing. Check back for updates.
#339
Building it now.
$35,000 before (tax) savings
$24,450 after savings
Estimated Delivery: 2-4 weeks
Due Today: $2,500
220 mile range
130 MPG top speed
0-60 in 5.6 sec
$2,000 more gets you an extra 20 mile range (240 miles)
Another $3,000 on top of that gets you an extra 24 miles (264 miles)
And for an additional $3,000 ($8,000 total ), you get 325 mile range
Last edited by AZuser; 02-28-2019 at 04:10 PM.
#340
Standard Range Plus looks pretty good, they'll probably sell a lot of those. For $2k more ($37k) you get 20 more miles of range (240 miles) and leather seats, better navigation, sound system. I wonder if the 220 mile version is software limited to that.
#341
I read range is all software controlled. They're using same standard battery for all models to save on costs. If you want more range, pay extra for software unlock.
#342
Woah big changes here
https://www.cnbc.com/2019/02/28/tesl...s-website.html
So they may be closing some/all stores? Or by all does that mean "all" $35k model 3 purchases are online only and you can still get a Model S P100D ordered in store?
I'm curious how many sales that got in store vs the website. Website is way cheaper to maintain than hundreds of stores. They may have to do this to remain profitable and sell the $35k model?
https://www.cnbc.com/2019/02/28/tesl...s-website.html
Electric carmaker Tesla is finally launching its long-awaited standard Model 3 starting at $35,000 and shifting all sales online, the company said.
The company's shares were halted, and Tesla suspended all orders on its website ahead of Thursday's news. It also redirected users to a page teasing a mystery announcement CEO Elon Musk promised to reveal at 5 p.m. ET.
The base model of the Model 3 will have 220 miles of range, a top speed of 130 miles-per-hour and accelerate from 0 to 60 mph in 5.6 seconds, the company said.
"You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide," the company said, adding that it is also allowing customers to try out the car before buying. It's offering full refunds if a car is returned within seven days or 1,000 miles.
Tesla has been promising a $35,000 version of the Model 3 ever since the automaker revealed the mid-size sedan in 2016. But it's prioritized the production of more expensive versions of the car in order to keep profit margins high. Musk has defended the decision by saying that making lower-priced versions was unprofitable and would cause Tesla to "die."
The company's shares were halted, and Tesla suspended all orders on its website ahead of Thursday's news. It also redirected users to a page teasing a mystery announcement CEO Elon Musk promised to reveal at 5 p.m. ET.
The base model of the Model 3 will have 220 miles of range, a top speed of 130 miles-per-hour and accelerate from 0 to 60 mph in 5.6 seconds, the company said.
"You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide," the company said, adding that it is also allowing customers to try out the car before buying. It's offering full refunds if a car is returned within seven days or 1,000 miles.
Tesla has been promising a $35,000 version of the Model 3 ever since the automaker revealed the mid-size sedan in 2016. But it's prioritized the production of more expensive versions of the car in order to keep profit margins high. Musk has defended the decision by saying that making lower-priced versions was unprofitable and would cause Tesla to "die."
I'm curious how many sales that got in store vs the website. Website is way cheaper to maintain than hundreds of stores. They may have to do this to remain profitable and sell the $35k model?
#343
Tesla better fix their return and refund processes first.
https://www.cnbc.com/2019/02/21/tesl...-detailed.html
https://www.cnbc.com/2019/02/21/tesl...-detailed.html
Tesla customers describe maddening problems with returns and refunds
Feb 21 2019
.
. . . .
. . . .
In extreme cases, Tesla left customers waiting for months beyond the date when sales or customer service personnel had originally promised to repay them, they say. In one case, a refund check for a $1,000 reservation fee bounced. In another, Tesla did not refund the $1,000 reservation fee, but instead sent a $40,000 check for a car that the customer never took possession of. In both cases, Tesla says it is now working with the customers on a resolution.
. . . .
Feb 21 2019
.
- Tesla CEO Elon Musk frequently touts the company’s refund and return policy when encouraging people to buy his company’s electric vehicles.
- Today, some Tesla customers say the company left them stressed and stranded, waiting months to be paid back for returned cars or canceled reservations.
. . . .
. . . .
In extreme cases, Tesla left customers waiting for months beyond the date when sales or customer service personnel had originally promised to repay them, they say. In one case, a refund check for a $1,000 reservation fee bounced. In another, Tesla did not refund the $1,000 reservation fee, but instead sent a $40,000 check for a car that the customer never took possession of. In both cases, Tesla says it is now working with the customers on a resolution.
. . . .
#344
IDK about that The 310mi vs 220 mi should have about 50% more battery. That's a lot of heavy, expensive wasted batteries to throw in there and never use. They could be putting those batteries into powerwalls instead of wasting them in a standard range model 3 where they'll never be used. I think they got at least 2 battery packs. But likely 3. I think the mid range option isn't software limited either.
#345
Building it now.
$35,000 before (tax) savings
$24,450 after savings
Estimated Delivery: 2-4 weeks
Due Today: $2,500
220 mile range
130 MPG top speed
0-60 in 5.6 sec
$2,000 more gets you an extra 20 mile range (240 miles)
Another $3,000 on top of that gets you an extra 24 miles (264 miles)
And for an additional $3,000 ($8,000 total ), you get 325 mile range
also includes that stupid $4,300 6-year gas savings
#347
Lol just realized that $4300 figure comes out to $59.72/month.
HAH I wish gas was that cheap for me. I gas up around every 10 days at $55ish per fill up.
again. Really stupid to put that figure there. Not everyone’s gas savings is the same.
HAH I wish gas was that cheap for me. I gas up around every 10 days at $55ish per fill up.
again. Really stupid to put that figure there. Not everyone’s gas savings is the same.
#348
#349
Stock failed to get to $359.87. Time to pay up.
https://www.cnbc.com/2019/02/27/tesl...yment-due.html
Interesting timing of $35K Model 3 announcement.
https://www.cnbc.com/2019/02/27/tesl...yment-due.html
Tesla faces a cash crunch with a $920 million debt payment due Friday
Wed, Feb 27 2019
On Friday, close to $1 billion in debt comes due for Tesla, an obligation that will wipe out about a quarter of the company’s cash.
According to regulatory filings, Tesla has $920 million in convertible senior notes set to expire on March 1, at a conversion price of $359.87 per share. Tesla’s stock hasn’t traded above $359 for weeks, and closed Tuesday at $297.86.
If the shares were valued at the conversion price, the bonds could convert into Tesla stock, and Tesla wouldn’t need to pay the debt in cash. But in the absence of a major share rally this week, the electric vehicle maker will have to make the payment in cash.
In its 2018 annual report, Tesla said it had $3.69 billion in unrestricted cash and equivalents to end the year. Former hedge fund manager Darius Brawn said the debt payment could put Tesla in a cash crunch, unless the company sees exceptional Model 3 sales next month.
“If March doesn’t go gangbusters for Tesla they are in real trouble, especially without raising,” said Brawn, who worked as a portfolio manager for Citadel, SAC and Sharpe Point. Brawn added that he doesn’t think the company can raise while CEO Elon Musk clashes with the Securities and Exchange Commission.
. . . .
. . . .
Wed, Feb 27 2019
On Friday, close to $1 billion in debt comes due for Tesla, an obligation that will wipe out about a quarter of the company’s cash.
According to regulatory filings, Tesla has $920 million in convertible senior notes set to expire on March 1, at a conversion price of $359.87 per share. Tesla’s stock hasn’t traded above $359 for weeks, and closed Tuesday at $297.86.
If the shares were valued at the conversion price, the bonds could convert into Tesla stock, and Tesla wouldn’t need to pay the debt in cash. But in the absence of a major share rally this week, the electric vehicle maker will have to make the payment in cash.
In its 2018 annual report, Tesla said it had $3.69 billion in unrestricted cash and equivalents to end the year. Former hedge fund manager Darius Brawn said the debt payment could put Tesla in a cash crunch, unless the company sees exceptional Model 3 sales next month.
“If March doesn’t go gangbusters for Tesla they are in real trouble, especially without raising,” said Brawn, who worked as a portfolio manager for Citadel, SAC and Sharpe Point. Brawn added that he doesn’t think the company can raise while CEO Elon Musk clashes with the Securities and Exchange Commission.
. . . .
. . . .
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#1 STUNNA (02-28-2019)
#352
You can customize your own gas savings estimate on their order page. Click estimate payment in the lower left then choose gas estimate
#353
also that figure is set for a car that gets 28mpg.
#354
Stock failed to get to $359.87. Time to pay up.
https://www.cnbc.com/2019/02/27/tesl...yment-due.html
Interesting timing of $35K Model 3 announcement.
https://www.cnbc.com/2019/02/27/tesl...yment-due.html
Interesting timing of $35K Model 3 announcement.
#355
The following users liked this post:
Mizouse (03-04-2019)
#358
Reveal and start taking $1,000 reservation deposits for Model Y on March 14.
That gives them ~17 days until end of their Q1 2019 quarter.
For Model 3, Tesla reported receiving 500,000 pre-orders with $1,000 deposits in 5 days and was averaging over 1,800 reservations per day after that.
If Tesla gets that many Model Y reservations, that's easily $500 million+ going into their coffers
#359
What happened to all the pre-orders for Model 3? I thought they initially had 500,000 Model 3 preorders with a year + waiting list for delivery? They have only sold about 200,000 Model 3 so far. So, I don't understand why they had to release the $35k car to get sales going again.
#360
What happened to all the pre-orders for Model 3? I thought they initially had 500,000 Model 3 preorders with a year + waiting list for delivery? They have only sold about 200,000 Model 3 so far. So, I don't understand why they had to release the $35k car to get sales going again.
From their Q3 2018 earnings report : http://ir.tesla.com/static-files/725...1-422d4045f799
We stopped taking Model 3 reservations in North America in early July 2018 when we moved to a direct order system. Of the 455,000 net reservations that we reported in August 2017, less than 20% have cancelled. We are expecting most of the remaining reservations to gradually convert to orders as we launch more versions of Model 3, introduce other financing options, and begin sales outside North America.
Tesla also cancelled several thousand themselves because of duplicates and from suspected speculators (flippers?).
The others on wait list could be for lower priced $40K and $35K version of Model 3 that Tesla announced over the past several months.