Tesla
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By William Maley Staff Writer - CheersandGears.com March 11, 2013 Tesla is quietly pushing back the start of production for their next model, the Model X. Originally Tesla said production of the Model X crossover would begin this year, with sales beginning in early 2014. However in a filling with Securities and Exchange Commission, Tesla push back the production date to 2014. "We currently plan to start production of Model X in late 2014. We anticipate that we will make Model X available with 60 kWh and 85 kWh battery pack options, with pricing of each version similar to those of a comparably equipped Model S. We currently intend to target an annual production rate …
Last reply by regfootball, -
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Tesla delivers only 220 during the Quarter due to Bottlenecks Tesla says it is on track to deliver 100,000 S & X models by the end of the year and have Model 3 production up to 5000 units per month. Yet with that, they have also stated that due to bottlenecks on the assembly line, they are behind in building and delivering Tesla 3 to the public. I found the comment by another reader on the story of their quarterly report to be very spot on. To quote JSH who posted the following: "It seems that skipping basic steps in the tooling and manufacturing development process didn't pan out. It turns out that automotive manufacturers do know a bit more about ma…
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http://www.businessinsider.com/tesla-the-origin-story-2014-10
Last reply by G. David Felt, -
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Tesla announced yesterday that it will reduce production hours for the Model S and Model X. This follows news of Tesla cutting seven percent of their workforce and dropping 75D variants of the S and X. “We recently announced that we are no longer taking orders for the 75 kWh version of Model S and X in order to streamline production and provide even more differentiation with Model 3. As a result of this change and because of improving efficiencies in our production lines, we have reduced Model S and X production hours accordingly,” Tesla said in a statement to Bloomberg. According to unnamed current and former employees, Tesla has set "substantially lower daily …
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Tesla End of Year Updates Letter Seems Tesla is looking to simplify their product portfolio, Effective immediately all Model S and X now come standard with Dual Motors. they are also pushing solar options, trying to grab money in reservations for the new roadster and offering Free Supercharging with 5 year extended warranty.
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https://www.engadget.com/2018/09/16/tesla-ends-lifetime-free-supercharging-offer/?yptr=yahoo Tesla's offer of free, unlimited Supercharger access was supposed to have ended in early 2017, but it's been on a form of life support since then. Unless you were buying a regular Model 3, you could get the no-cost charging by ordering your EV with a referral code from an existing owner. Now, however, even that exception is coming to an end. Elon Musk has pointed out that the referral program is about to end. After September 16th, owners will only get to hand out $100 in Supercharging credit to Model S, Model X and Model 3 Performance buyers -- just enough f…
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla Ends Free Charging Jan 1st 2017 Tesla has announced the end of their free supercharging for all new auto's starting January 1st 2017. CNBC has reported that Tesla has informed them that all auto's sold starting Jan 1st 2017 will only come with a free yearly use of 400KWh or equal to about 1000 miles of driving. After this users of their Supercharging stations will have to pay local electrical rate fee's up to a certain point. This is to allow Tesla to grow their north american network from the current 734 stations with 4600 superchargers. Their superchargers charge a 170 mi…
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Another set back for Tesla. Tesla faces a federal investigation by NHTSA regarding what has been termed an "alarming" number of vehicle fires. In some instances, vehicles in an accident caught on fire, were extinguished, towed to an storage lot, then again caught on fire WEEKS later. Tesla is also facing a class action lawsuit from owners over software update complaints. These legal entanglements are on top of the 2018 FBI investigation into possible overstatement of Model 3 deliveries and any associated stock price manipulation, AND Tesla settling a lawsuit by the SEC regarding his "funding secured" tweet related to implying he would take the company priva…
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Tesla has finally done it. Over the weekend, the company hit their milestone of producing 5,000 Model 3s in a week only a few hours after the deadline set by CEO Elon Musk - the end of the second quarter. Two Tesla factory workers told Reuters that the 5,000th Model 3 cleared final inspection around 5:00 AM PDT. “We did it!! We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible. Intense in tents. Transporting entire production lines across the world in massive cargo planes. Whatever. It worked,” said Tesla CEO Elon Musk in an email to employees. “I think we just became a real car company.” Reaching …
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We have to wonder if Tesla CEO Elon Musk regrets posting this tweet as the Justice Department has opened an investigation into the company. Bloomberg has learned from two sources that federal prosecutors opened a fraud investigation into the company after Musk's tweet sent shares soaring. This follows an inquiry by Securities and Exchange Commission into whether or not Tesla had issued "misleading pronouncements on manufacturing goals and sales targets." The investigation is in the early stages according to a source and its unclear how big of a scope the investigation could take. Prosecutors could look into other statements by Musk concerning Tesla's overal…
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla first to 100kWh Battery According Tesla today, they are now building the fastest 0-60 sedan in the world, beating out Porsche and Ferrari. Today people can now order the P100D with Ludicrous mode! This allows this 7 passenger sedan 5 adults / 2 kids to hit 60 in 2.5 seconds according to Tesla's own Blog. The Tesla X P100D can hit 60 in 2.9 seconds. The battery is 300 miles in Ludicrous mode and 315 miles in normal mode. Click Here Tesla says all S and X orders not delivered can upgrade to the 100 battery pack for $10,000 and existing S and X can upgrade for $20,0…
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I have been following the Tesla X model for a while. I love the way the doors open. And, I love the fact that I would not have to go to the gas station. I want to know what has been the experience of others when it comes to owning the TESLA X
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Tesla has been fighting tooth and nail to sell their vehicles direct to consumers in the U.S. But six states - Arizona, Connecticut, Michigan, Texas, Utah, and West Virginia - have banned direct sales. Tesla is trying to change this with a combination of new legislation, applying for dealer licenses, and other items. However, Tesla is ready to take this issue to federal court with an interesting legal argument. The Wall Street Journal reports that Tesla's legal staff has been looking into a 2013 federal appeals court ruling in New Orleans dealing with coffins. What?! The case dealt with the St. Joseph Abbey in Louisiana trying to sell monk-made coffins to help allevia…
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Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg recently crunched some numbers on how fast Tesla goes through money and the amount is quite shocking. According to their data, Tesla has been burning through $8,000 per minute (about $480,000 in an hour) for the past 12 months. At this rate, Bloomberg predicts that Tesla could run out of money by next August. Tesla spending money like it is going out of style is not all that surprising. The automaker is trying to ramp up production of the Model 3 along with dealing with various issues. Still, the $8,000 per minute figure gives us an idea of how far Tes…
Last reply by regfootball, -
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During their first quarter presentation, Tesla announced that it would be accelerating plans to produce 500,000 vehicles from 2020 to 2018. This in part due to the demand for the recently announced Model 3. This is an ambitious goal to say in the least and one that could haunt Tesla if they don't meet. Already, they might have hit a roadblock. Reuters reports that Tesla hasn't finalized the design of its new Model 3. During a call with analysts last week, CEO Elon Musk said design is still being worked on. Musk also said it would take another six to nine weeks for various engineering decisions to be finalized. No reason was given as to why Tesla hasn't finalized the d…
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Tesla Hearse, Ultimate Final Ride? A company in the Netherlands has decided to give you the ultimate quiet final ride! A Tesla Hearse! Remetz Car Anyone have time to convert the web site to English and add more details about this interesting offering, go for it. Also found this, a company converting Tesla S into Limo's
Last reply by lengnert, -
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Last year, the State of Michigan signed a bill that banned an automaker from doing direct sales. This meant an automaker like Tesla couldn't sell any of their vehicles in the state. The move was widely applauded by the likes of GM and the Michigan Automobile Dealers Association. Tesla wasn't impressed by this and since then has been working on trying to change this. But it hasn't been going well. While the company has been trying to educate lawmakers and state officials, it seems everyone in the state doesn't want to bring up the debate. “There doesn’t seem to be much interest from not only the dealers, but manufacturers like GM that want to continue to shut us ou…
Last reply by El Kabong, -
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Tesla is apparently full of surprises. This morning, the Californian electric automaker announced the Model S 70D which will replace the 60 as the base model. The 70D packs a larger 70-kWh battery pack which increases range from 208 miles to 240. The D in the 70D means this is packing Tesla's dual-motor all-wheel-drive system which provides a total output of 514 horsepower. This increase in power drops 0-60 from 5.9 to 5.2 seconds. Other changes on the 70D include Tesla’s Supercharging DC fast-charger installed and the and the Autopilot semi-autonomous system. As for price, the Model S 70D will start off at $75,000, about $4,000 more than the Model S 60. Source: Tesl…
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By William Maley Staff Writer - CheersandGears.com May 28, 2013 Tesla's CEO Elon Musk is very keen on building a electric vehicle that is cheaper than the Model S and doesn't have many of the drawbacks like the Nissan Leaf. “With the Model S, you have a compelling car that’s too expensive for most people,” he said. “And you have the Leaf, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission,” said Musk during a interview. The new vehicle will have a pricetag under $40,000, have a range of 200 miles, and come out within the next …
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In an email to all employees today, Elon Musk has announced that Tesla plans to layoff 7% of its staff or about 3,150 jobs. In addition to these cuts, Tesla will also retain only the most critical of contractors and temporary workers. Tesla's workforce grew by 30% last year. Musk reported that preliminary financial results for Q4-2018 show a small profit, smaller than the 4% profit reported for Q3-2018. Musk stressed that Telsa must work to get the mid-range Model-3 available in all markets by May in order to target a tiny profit for that quarter. The email was also posted to Tesla's company blog. Hat tip to reader @Cmicasa the Great for notifying u…
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In a staff-wide email sent today, Tesla CEO announced that the company would be laying off nine percent of its staff across the company. The cuts comes as part of "an effort to reduce costs and become profitable.” “Given that Tesla has never made an annual profit in the almost 15 years since we have existed, profit is obviously not what motivates us. What drives us is our mission to accelerate the world’s transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. That is a valid and fair criticism of Tesla’s history to date,” wrote Musk. The layoffs will not effect worke…
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Tesla less safe than a Slaughterhouse? Seems Tesla cannot move fast enough to replace their workers with Robots and as such the Unions are pushing to get into the Tesla factory especially after an employee turned safety records over to a Union connected group showing that in 2015 the latest year for available records that Tesla was 31% higher than the average in the auto industry for accidents on the assembly line. In fact according to the story, Tesla is worse in safety than Sawmills in Pacific Northwest and Slaughterhouses in the mid west. UAW has been pushing for years to…
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Lone Star State lawmakers have reined in Tesla's hopes of selling to Texans. Two bills allowing the Palo Alto-based electric carmaker to open Tesla Store's have died in the state legislature, in the face of dealership opposition. Tesla's direct-sales approach has raised the ire of dealership associations nationwide, who worry this jeopardizes their decades-old sales model based on franchise laws. Similar laws are on the books in states such as Michigan, Arizona, West Virginia, and until recently, New Jersey. Tesla founder and CEO Elon Musk reportedly hired up to 20 lobbyists in Texas and made $150,000 in campaign contributions. Despite support from former gove…
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Consumer Reports has rescinded the "Recommended" rating after a high number of survey responses came back with reliability complaints. Survey respondents have indicated that the electronics in the car have issues such the screen freezing or acting as though it was being touched rapidly in multiple locations. This issue would cause music to play, volume to increase to maximum, or the navigation map panning and resizing. Some owners reported issues with trim and paint, with a few, including CR themselves, experiencing a large crack in the rear glass. When the Model 3 came out in 2017 it received an initial rating of average based on the fact that it shares so …
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...in average insurance coverage costs in 49 States, according to nerd wallet (it's the 2nd highest in NY State). And interesting contrast to Elon Musk's statement that insuring a Tesla "should be 20% cheaper than average". Louisiana has the highest average insurance bill for the Model 3, at $3436 / yr. Insanely expensive... funny how I've never read about extravagant insurance costs in a single Tesla review. Seems to be yet one more associated cost that gets swept under the rug (along with charging & maintenance costs). I'm kind of surprised this far into the Tesla story that this has slipped under the radar. As these hidden costs gets more & more exposure, …
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The Tesla Model 3 nearly broke into the top 10 best selling vehicles in Europe for September 2019, missing the mark by just 217 units. Overall, sales growth in the EU is strong with 14 markets reporting positive numbers. Germany came in at 9.1 percent and Italy came in at 6.5 percent. Battery electric vehicles were up sharply, increasing 119 percent, of which Tesla controlled nearly 50% of that number. Total Tesla registrations were 19,500 out of the 40,700 BEVs registered. That put the Tesla Model 3 as the best selling BEV in Europe. For September, the Volkwagen Golf was the best selling vehicle in Europe with 32,398 units registered. Tesla shares jumped…
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There really hasn't been much information about the Tesla Model 3 since CEO Elon Musk revealed the concept last March. Speculation and spy pictures revealing certain details were all we had. But last night at the automaker's Fremont, California production facility, Tesla finally spilled the beans on the Model 3 along with delivering the first 30 models. The Model 3 will begin at $35,000 and delivers a total range of 220 miles. Tesla doesn't list any power specs for the electric motor, but does mention it will hit 60 mph in 5.6 seconds and a top speed of 130 mph. Six exterior colors will be available - aside from black, the other color choices add $1,000 to the bottom…
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Tesla has finally put some decent info on their web site as an FAQ about the Model 3. Model 3 Reservation FAQ Rather interesting to see the estimated delivery dates to their 5X production ramp by the end of December. Enjoy
Last reply by G. David Felt, -
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As Model 3s begin to arrive at Tesla dealerships, we are beginning to get some answers to some of the key questions we have. Chief among those questions deal with how the Model 3's touchscreen works. Thanks to some videos that have made their way onto the internet, we have some answers and major concerns. We know that the screen would control many functions of the vehicle, but didn't know the extent. Thanks to the video we now know that most functions are controlled through the screen. Want to change the fan speed? You need to use the touchscreen. Open the trunk? Need to use the touchscreen. If it begins raining and you need to turn on the wipers, you need to use the…
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https://twitter.com/rithesh/status/1028437449318576128 https://twitter.com/Benj1Franks/status/1028459288799465473 https://twitter.com/Benj1Franks/status/1028459288799465473/photo/1 1/2 hr, bringing Model 3 home, run in to heavy rain on the streets & bumper comes off https://t.co/mOh2UAjWWr <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">1/2 hr, bringing Model 3 home, run in to heavy rain on the streets & bumper comes off <a href="https://twitter.com/hashtag/devastated?src=hash&ref_src=twsrc%5Etfw">#devastated</a> <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">…
Last reply by G. David Felt, -
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Earlier this week, Tesla announced its quarterly production figures and the Model 3 is getting off to a slower start than expected. In a statement, Tesla said that it had delivered a total of 26,150 vehicles in the third quarter. Here is how it breaks down, Model S: 14,065 Units Model X: 11,865 Units Model 3: 220 Units Only 260 Model 3s were built in the third quarter. Tesla said the reason for the small production of Model 3s was due to "production bottlenecks." The company didn't go into detail as what the bottleneck is. This isn't a good start as Tesla promised to build 5,000 Model 3s by the end of the year. "It is important to emphas…
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Based on various web sites and even Tesla themselves, one is expected to believe that they have 400,000 plus reservations for the Tesla 3 car. Yet with an email received last night: It seems anyone can order a Tesla 3 and NO RESERVATION FEE is required. On top of this it states that you will get your car in 2-4 months. Yet others that paid their $1,000 dollar fee to save a place in line is being told they still have to wait in some cases till 2019. The autoweek story points out that at 5,000 cars built a week, Tesla can only produce 115,000 cars this year. So how is it that they have this many reservations? Could it be that the bulk of these are for the pr…
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Tesla Model 3 Shut Down for a Week! Seems Buzzfeed website just released the news that the Tesla 3 will have a week delay just as it had it's first week of 2,500 production built model 3 done. This is according to the CEO to make adjustments in the software of the automation robots to allow for production to increase to hit their stated 5,000 per week goal. Seems more robots was not better than more humans in building the auto's. The story goes on to say workers will have to use a week of PTO or go unpaid as the line is updated. According to the Story, Musk posted on April 1st that the company had gone out of business and he was wandering Palo Alto drinking…
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Tesla Model 3 Tear Down! Sandy Munro of Munro & Associates is an engineer who specializes in digging into the details of products. He especially is focused on EVs to make sure they are safe, well built and more. The video's below are very interesting to watch, especially the Teardown one where he clearly says some parts are garbage, some are competitive parts and some are worthy of Government required quality built for long life. The guy seems to know his stuff and it is worth time if you are interested in the nuts and bolts of how a Tesla 3 is built to watch. The Teardown of the model 3 video details: SPECIAL GUEST: Sandy Munro…
Last reply by G. David Felt, -
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla Model 3 to be Unprofitable per UBS Per the Street insider web site, UBS analyst, Colin Langan is stated as saying for the Tesla 3 to be break even they will need to sell at $50,000 each. Until Li-Ion chemistry costs drop and Tesla can get economy of scale in building auto's, the ability for Tesla to make a profit let alone break even on the Tesla 3 auto is going to be impossible. This story is based on the UBA analyst hosting a call with Jon Bereisa, President and CEO of Auto Lectrification. Jon is a 35 year veteran of GM responsible for the VOLT program as well as the EV1 progra…
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla Model 3 to Debut End of March, Production Late 2016 Green Car Report is reporting that the first images of the Model 3 will be shown at a Debut late in March. Tesla CEO in France for a Tesla Owners Convention says it could be only a picture or two, that they will show the real thing closer to production or release for sale. Yet many have stated that Tesla has been known to surprise people with new production auto's. GM with it's Chevy Bolt 3 going into production and availability coming up at dealership has put pressure on Tesla to finally deliver on the Model 3. Tusk has stated it wi…
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"On the heels of the rumors we reported yesterday, Tesla has officially announced the refreshed Model S sedan, which now features a revised exterior design that includes a new front fascia that’s similar to the one on the Model X crossover. New headlights have also been added to the Model S to give it a family resemblance to the rest of the Teslalineup. In addition to cosmetic changes, the Tesla Model S also gains the HEPA filtration system from the Model X. according to the automaker, this filter is 100 times more effective than other premium automotive filters, removing all allergens, bacteria, contaminants, and at least 99.97 percent of exhaust pollution. The sta…
Last reply by G. David Felt, -
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We reported earlier in April that Tesla was preparing more efficient versions of their Model S and Model X. Yesterday Tesla announced improvements to the Model S and Model X Long Range models that will increase range to 370 miles and 325 miles respectively, based on EPA testing cycle. The vehicles will still use the same 100 kWh battery pack. Unfortunately, customers will only get this upgrade when they purchase a new vehicle. The upgrade changes the drive hardware to the latest version of Tesla's motor technology. Now using a permanent magnet synchronous reluctance motor, silicon carbide power electronics, improved lubrication, cooling, bearings, and gear desig…
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Tesla has been on a roll as of late, and now it can add some more good news to its rather large list of positive press: the Model S earned the highest crash test scores in NHTSA's history. While NHTSA's highest public rating is five stars, the Vehicle Safety Number it gives to manufacturers can go higher, and Tesla says the Model S scored a 5.4. Part of the success lies in the fact that the Model S has no engine up front, allowing more room for the energy absorbing structure. The battery pack, which is nestled in the floor and creates a low center of gravity, lead to NHTSA being unable to roll over the car "via the normal methods, and special means were needed to induce…
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Tesla's Model S may have taken the world by storm, but one Atlanta woman's vehicle was taken out by a storm. Sarah Day was charging her Model S at a Supercharger near Columbus, Georgia, when a lightning bolt struck nearby. Once Day realized her dash camera stopped working, Day realized something went wrong. She explained what happened next in an interview with Teslarati: Though Tesla sent a tow-truck, the Model S was unable to be disconnected from the charging station. The sunroof was also stuck halfway. Thus Day's vehicle had to be left at the station, until a technician could service the vehicle onsite. Sarah's day wasn't entirely rained out. She rave…
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Here is the MotorTrend Head 2 Head video of the Tesla Model X and Bentley Bentayga. The speed of the Model X is just amazing, as evidenced that it can pull a trailer with an Alfa Romeo 4C on it and still win a drag race vs an Alfa Romeo 4C. https://www.youtube.com/watch?v=ib-02b2ooLY
Last reply by balthazar, -
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An intrepid Redditor has snapped a photo of Tesla's Model X with its rear falcon wing door open, proof that engineers have cleared a major engineering hurdle. The poster, likely a contract engineer, shared his photo on the Reddit's r/spotted 'subreddit.' The account was deleted shortly after but the image remains. This news will allay fears that the Model X's ambitious rear doors would not see production. The 'falcon wing' door system is believed to have contributed to the crossover vehicle's delays, with engineers unsatisfied with the seal between the door and body. In a later comment, the poster added "The interior is beautiful and the power is comparable to the…
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Tesla's hotly-anticipated Model X continues testing in California and Los Altos shutterbug hushypuppy has snapped half a dozen photos of the electric carmaker's crossover rolling down city streets. The company has yet to reveal photos of the production vehicle. The vehicle is vital to the Palo Alto-based carmaker's future. The twice delayed Tesla Model X has attracted over 21,000 pre-orders and is predicted to push Tesla (NASDAQ: TSLA) shares up 70%. Deliveries are expected to begin in Q3 2015. High definition photos can be viewed at VWVortex. Source: VWVortex; HybridCars.com View full article
Last reply by balthazar, -
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A little-known speech by a Tesla VP has revealed some big towing news for the Palo Alto automaker's upcoming Model X crossover. In an April speech recently unearthed by industry watchers, Tesla's VP of Regulatory Affairs, Jim Chen, reveals the Model X crossover possesses Class III towing capability. Vehicles meeting this category are capable of towing a gross trailer weight (GTW) of 8,500 lbs (3,855 kg). Chen's comments can be found here, beginning at the 9:35 mark. As a benchmark, the high-end GMC Yukon Denali is rated to tow 8,400 lbs (3,810 kg). That's right - according to Chen's figures, a Model X will exceed a traditional body-on-frame SUV. The Audi Q5…
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Tesla Model Y Nov 2019 According to a story on Autoblog which talked off the record to auto suppliers, Tesla has asked for quoting on supplying parts for the Tesla Y which will go into production Nov 2019 according to the RFI. Tesla Y story Seems Musk thinks he can produce 500,000 auto's off the building in Fremont California which is currently producing the Tesla S, X and 3. Now he wants to add the Y to this when they struggle to build the 3 in sufficient quantities. This makes me wonder how much business will be stolen by SF motors and their EV CUVs that will be built at an existing Hummer assembly plant they acquired and are currently renovating to …
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Elon Musk revealed in a series of tweets that the Tesla Model Y compact crossover would be revealed at an event in their LA Design Studio on March 14th. Detailed specs, pricing, and even test rides will be available. Musk says that the Model Y will be about 10% larger than a Tesla Model 3 and expects pricing to be about 10% more. The Model Y will share battery sizes with the Model 3 and because of increased size and weight will get slightly less range. Musk indicated that the Model Y will look a lot like a Model 3 and will not have the falcon wing doors found on the Model X. Last week Tesla announced that the base model $35,000 (before destination charges) versi…
Last reply by regfootball, -
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Over the weekend, Tesla CEO Elon Musk commented on Model Y production. Originally thought to be slated for production at Tesla's Gigafactory in Nevada, Tesla appears to have changed course. Reported by Bloomberg, Musk said "Right now our default plan is to produce the Y at Fremont." during an interview on the "Ride the Lightning" podcast. "I was skeptical about whether this made sense at first, but my team convinced me the fastest way to get volume production is to do the Y at Fremont." In order to free up space in the factory, Tesla plans to move Model S and Model X to a single line, according to current and former employees. Both models have seen sales tumbl…
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Tesla Motor Club Pictures of Model 3 Long Range Seems that the Tesla Model 3 Long range car is to have a 310 mile range with a 126 MPGe rating according the picture above. This is 131 MPGe city and 120 MPGe highway. This is in comparison to the Chevrolet BOLT with it's 238 mile battery pack, 119 MPGe rating. Course this still does not beat the Hyundai Ioniq which is the leader with a 136 MPGe rating based on the 150 MPGe City and 112 MPGe highway for it's 124 miles battery pack. Yet this does show the direction we are going as we see more EV's enter the market place. I believe in a year from now, having an EV with a mid 250 mile range battery pack or a lon…
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https://www.nytimes.com/2018/11/08/business/tesla-new-chairwoman-elon-musk.html NY times is the first one to report this, but seems others have also already. https://www.tesla.com/blog/announcing-robyn-denholm Robyn Denholm, Tesla’s new chairwoman, has an extensive background in technology. https://www.washingtonpost.com/business/tesla-says-robyn-denholm-of-telstra-to-be-new-board-chair/2018/11/08/46a13b4a-e32e-11e8-ba30-a7ded04d8fac_story.html?noredirect=on&utm_term=.5cc3cebe4e57 https://www.businessinsider.com/tesla-board-of-directors-full-list-elon-musk-chairman-replacement-2018-8 http://www.laht.com/article.asp?ArticleId=24…
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Tesla News
by ocnblu- 1 reply
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I told you people bad things would happen, but noooo... nobody wanted to believe me.
Last reply by G. David Felt, -
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So we start off with two teens getting killed in a Tesla S and police say Speed might be the factor. https://www.usatoday.com/story/tech/2018/05/09/tesla-crash-killed-2-teens-probed-investigators/596728002/ They I like this story as it covers what has gone on under the Bland style since 2012. All the software updates: https://www.greencarreports.com/news/1092515_tesla-model-s-electric-car-software-updates-since-2012
Last reply by G. David Felt, -
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So I got my monthly newsletter all about the Latest batch of Updates and I have to say it was very underwhelming and mostly marketing rehash of stuff they already have stated before. Why can they not really deliver something new?
Last reply by hyperv6, -
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http://www.autonews.com/article/20160224/OEM05/160229927/tesla-offers-free-towing-for-up-to-500-miles-in-n-a What exactly does that say about the quality of the car? IMO.. it says plenty.
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Tesla only has one assembly plant in Fremont, California. But that could be changing in the near future. Yesterday, Tesla and the and the Shanghai government reached a preliminary deal for a new assembly plant. The automaker expects production in about three year's time, provided they can get the approvals and permits needed. Tesla says the plant could build up to 500,000 vehicles annually. According to Bloomberg, the plant is expected to build the Model 3 sedan and upcoming Model Y crossover. Tesla building a plant in China doesn't come as surprise. The country is the largest market for electric vehicles, and most forecasters believe sales will skyrocket as gov…
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While Tesla is fighting for the right to sell vehicles direct to consumers in many states, the automaker will also be selling the Model S in new and temporary locations. Fortune reports that Tesla will be opening mobile container stores in various locations this summer with the first location being Santa Barbara, CA during the Memorial Day holiday. Why is Tesla doing this? They hope to lure in wealthy customers to a vehicle during their summer vacation. The mobile stores themselves are situated in two shipping containers and takes a few hours to setup. Once setup, the mobile stores look like the standard stores with a neutral gray and bright red paint scheme, alon…
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Tesla posted a $722M loss for the first quarter of 2019, higher than analysts expectations. This was a swing from a 4th quarter 2018 profit of $139.5M. Cash on hand is $1.5B lower than end of 2018, now $2.2B, partially due to a one time payment of $920M in convertible bonds that came due. Tesla says that is built 63,000 model 3s in the first quarter gearing up for overseas sales, though only 12,100 of those vehicle were delivered. Tesla is maintaining its projections of 360,000 to 400,000 vehicles total for the year. Tesla recently announced updates to its Model S and Model X vehicles that allow them to travel further on a single charge and also charge up to …
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Tesla announced their second quarter results yesterday and the news wasn't great. The electric automaker posted a net loss of $293 million for the quarter. It also looks like Tesla might fall short of delivering 80,000 vehicles goal for this year. The quarter saw Tesla move 14,402 vehicles (9,764 Model S and 4,638 Model Xs). Add in the first quarter deliveries of 11,507 vehicles, and Tesla is very short of meeting this goal. "We are clearly disappointed with our delivery numbers," said Tesla CFO Jason Wheeler. It should be noted that 'almost half' of Q2's deliveries took place within the last four weeks of the quarter. "We were in production hell for the firs…
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Came across this video on how Tesla makes there auto's. Very interesting.
Last reply by G. David Felt, -
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Tesla is moving further into exotic car territory with the Model-S and Model-X. Elon Musk announced in a tweet on January 9th that after January 13th, the 75D versions of both vehicles would no longer be available for order and the new entry-level model will be the 100D. The starting price for Model-S 75D is $76,000. That gets you an AWD EV with 259 miles of range that can do 0-60 in 4.2 seconds. Telsa's AutoPilot is available for an additional $5,000. Moving to the 100D is an increase of $18,000 to $94,000. That increases the range to 335 miles and cuts a tenth of a second off the 0-60. The Model-X 75D starts at $82,000 with a range of 237 miles. With that…
Last reply by Drew Dowdell, -
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Tesla announced the evening of March 6th 2019 that Version 3.0 of their supercharging network would roll out across the globe and be in place by the end of calendar year 2019. With the growth of the global market and to support a ever growing base of Tesla 3 owners and the upcoming new products, charging needed to get faster to reduce wait times by their customers. As such. V3 Supercharging was born out of Tesla's experience with the world's largest grid connected batteries enabling Tesla to surpass all OEM auto competitors in recharging their electric auto's. V3 Supercharging is a utility scale new architecture product that can delivery a peak rate of 250kW per car …
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla Reports First Profit after 12 Quarterly Losses! Surprise, Surprise, Tesla posts a $22 million profit for it's latest quarter. How did Tesla do this? Wall Street Story WSJ reports that Tesla reports the following numbers: Selling pollution tax credits to other auto makers. Gross profit from the credits soared to $139 million from $39 million a year ago. Revenue is up to $2.3 billion from $936.8 million a year earlier. Tesla said it generated free cash flow, repaid $600 million in debt and finished September with $3.1 billion in cash, a decline of $1…
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In their recent shareholder update for 2017, Tesla reported strong Q1 revenues of $2.7 billion dollars, more than doubling performance of the same quarter last year and an improvement of $411m over the final quarter of 2016. However, losses also grew from $282m last year to $330m in 2017, or a per-share loss of $2.04. Tesla reports that most of the loss comes from capital expenditures for the Model-3 development, Gigafactory development, and acquisition related activity surrounding SolarCity. Subtracting SolarCity revenues, Automotive related revenue is reported at $2.289 billion, up 123% year over year. Vehicle margins excluding ZEV credits are at 27.8%. …
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On February 28th, Tesla announced that they would be closing most of their retail locations and moving to an online sales model in order to cut costs. In a blog post yesterday, Tesla has reversed course on that position somewhat, and will not only close a portion of their stores. Some of their locations, around 10%, have already closed and Telsa said they would have closed anyway due to low foot traffic. Another 20% of locations are currently under review and depending on performance will be decided on in the next few months. All sales will still remain online only, and customers who come into the stores will be shown how to order their vehicle online. The …
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A new year marks the beginning of the reduction of the federal tax credit for Tesla - from $7,500 down to $3,750. To counteract the reductions, Tesla has instituted a $2,000 price cut on all models. Here is how the pricing looks like, Model 3 $45,200, Mid-Range $52,200, Long Range $63,200, Performance Model S $77,200, 75D $95,200, 100D $134,200, P100D Model X $83,200, 75D $98,200, 100D $139,200 P100D This reduction comes on the same day that Tesla announced fourth quarter production numbers. The past f…
Last reply by balthazar, -
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G. David Felt Alternative Fuels & Propulsion writer www.CheersandGears.com Tesla Sales up 55% for Q1 Time Frame. Record Tesla Sales reports on ABC. Tesla sold 10,030 autos for Q1 and is reported as expecting to have over all sales of 55,000 auto's this year up from 31,000 last year. Tesla is focused to bring costs down via lower battery pack cost and the new SUV Model X to be released in 2016. This will come through reduced costs with their own battery factory and using main stream parts that can reduce costs. Course it is interesting to hear about the states that have passed laws to ban like West Virginia that says auto manufactures cannot sell direct…
Last reply by G. David Felt, -
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By William Maley Staff Writer - CheersandGears.com April 2, 2013 Tesla announced some interesting bits of news yesterday. In a press release, the company announced sales of the Model S have exceeded a previous estimate for the first quarter by 250 vehicles. Tesla also said that they're delivering 500 vehicles a week, up from 400 not too long ago. But that wasn't the most interesting bit of news. Further down the release, Tesla announced that they would not be building any of the 40 kWh Model Ss due to small number of orders they got for it (about 4% of total orders). Instead, Tesla will be giving the people who wanted to the 40 kWh model the 60 kWh models with the sa…
Last reply by frogger, -
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Tesla is seeking to raise nearly $2.7 billion to add to its sagging balance sheet according to a filling. It would offer 3.5 million shares priced at $243 per share and a $1.6 billion convertible debt. Elon Musk will be buying $25 million in shares and currently owns around a 20 percent stake in the company. Wall Street seemed to find this capital raise promising as it boosted shares 1.5% before the opening bell. Analysts were calculating that Tesla, which burned $1.5 billion in Q1-2019 alone, would not have enough cash to continue working on its Model Y crossover and the new Tesla Semi-truck, and also getting production rolling in China. In the backdrop of a…
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Tesla Semi starting off with a Bang, Can Tesla Deliver? Tesla in the last week has gone from zero to hero in regards to helping companies that have fleets of semi trucks potentially reduce their carbon footprint. Anheuser-Busch started off with pre-ordering 40 of the Semi's. This was then followed by Sysco ordering 50 themselves. This week we now hear that PepsiCo has placed an order for 100 EV Semi's. Story is all the same, reduce costs of maintenance and fuel plus adding silence into their night / early morning deliveries. Sysco being one of the largest food delivery companies along with Bud's order places it at $13.5 million in semi value. PepsiCo adds…
Last reply by Robert Hall, -
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Tesla Semi? Tesla teased everyone with this picture of their new City hauling 200-300 mile range Class 8 Semi EV. A reddit user saw this in california in an area known to be used by Tesla to test their EV projects. Is this the Tesla 200-300 mile range EV Class 8 Semi that is promised to be unveiled Oct 26 2017? Autoblog Video Is this the future of Silent delivery in our cities? autoblog story
Last reply by G. David Felt, -
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Tesla's stock price is going through the floor. It has lost a significant percentage of its value since September. I suppose it's due to the lower price of oil, which makes switching to electric vehicles less attractive. Would you invest in Tesla stock at the moment? I wouldn't. I think they're seriously over valued due to all the Sillicon Valley fanbois.
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Gizmodo reports Tesla is being sued by 127 people in Norway cause Insane mode is not insane enough. http://gizmodo.com/telsa-sued-because-insane-mode-not-insane-enough-1786893579 Pretty interesting reading, clearly buying the P85D with insane mode is understandably not as insane as a P90D or P100D. Guess these people have more money than brains.
Last reply by G. David Felt, -
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There is no love lost between Tesla Motors and the former director of Autopilot. Bloomberg reports that the Silicon Valley automaker has sued Sterling Anderson over allegations of stealing confidential information about Autopilot and trying to recruit Tesla employees to his new venture. In the court filing, Tesla says Anderson began work on an autonomous-car venture, Aurora Innovation LLC back in summer when he was head of the Autopilot project. As the director of Autopilot, Anderson would have access to Tesla's semi-autonomous tech. He would leave Tesla in December. Anderson has been collaborating with the former head of Google’s self-driving car project, Chris Urms…
Last reply by G. David Felt, -
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It was going to happen sooner or later, but Tesla is taking the state of Michigan to federal court over its ban on direct sales to consumers. According to the suit, Tesla is seeking “to vindicate its rights under the United States Constitution to sell and service its critically-acclaimed, all-electric vehicles at Tesla-owned facilities in the State of Michigan”. This suit comes after the Michigan's Secretary of State office denied Tesla a dealership license earlier in the month. “The license was denied because state law explicitly requires a dealer to have a bona fide contract with an auto manufacturer to sell its vehicles. Tesla has told the department it does …
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The bad luck is continuing at Tesla. Buzzfeed News reports that Tesla has temporarily shut down the Model 3 production line at the Freemont plant for a week. Employees at Tesla tell Buzzfeed the announcement came suddenly and they have the choice of using vacation days or stay home without pay. Some will get the chance to work in other parts of the plant. A Tesla spokesperson said the shutdown is due to the company wanting to “improve automation.” This is the second time this year that Tesla has shut down the Model 3 production line. Back in late February, reports came out that Tesla had shut down the Model 3 production line. "Our Model 3 production plan includ…
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If you are one of the lucky people to order their Tesla Model 3 first, you'll be somewhat disappointed in the number of options available. At Tesla's annual shareholder meeting, CEO Elon Musk said buyers of the first Model 3s will only have two configuration options; colors and wheels. This is an effort to help ramp production of the Model 3 quickly. "You just need to decide what color you want and what size wheels, at least for the initial production," said Musk. Musk went on to say there would be more options for the Model 3, but didn't give a timeframe as to when they would arrive. Also, the Model 3 would only be rear-wheel drive for the time being. An a…
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Tesla is asking suppliers to refund some of the cash on past work as a way to make the automaker profitable. The Wall Street Journal obtained a memo that was sent to a Tesla supplier last week. The company requested that the supplier return " a meaningful amount of money of its payments since 2016." The memo goes onto say that the request is essential to Tesla's "continued operation" and would "continue the long-term growth between both players." Its unclear how many suppliers received this memo. Tesla's list of suppliers include Magna, Panasonic, and Robert Bosch GmbH. Tesla declined to comment on the memo, but did confirm that it is seeking price cuts fro…
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Last night, Tesla CEO Elon Musk announced some big changes for the Model S. The first change is the introduction of all-wheel drive to the Model S lineup, which means the addition of a second electric motor up front. The system dubbed Dual Motor All Wheel Drive works out like this for their lineup, 60D and 85D - Front & Rear Motor: 188 horsepower and 181 pound-feet of torque; Combined: 376 horsepower and 326 torque. P85D - Front Motor: 221 horsepower and 244 pound-feet of torque; Rear Motor: 470 horsepower and 443 pound-feet of torque; Combined: 691 horsepower and 687 pound-feet of torque. The P85D will take the place of the P85+ as the Model S flagship wit…
Last reply by hyperv6, -
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Tesla Unveils Tesla Semi Truck and Roadster 2.0 Tesla did a full unveiling of their Tesla Semi last night, showing what the Power of Electric Powertrains brings to the Big Rig World. With a center seating position for superior visibility, a Frunk on the truck and two passenger seats behind the driver, you have a Semi that can achieve 0 to 60 in 5 seconds for the Cab versus 15 seconds for a traditional Diesel cab. Under full load of 80,000 lbs, Tesla Semi can go 0 to 60 in 20 seconds compared to a Diesel Semi at almost 40 seconds. The Tesla Semi shows why electrification is the future as the same Diesel truck, 80,000 lbs cannot hold more than 45 MPH on a 5…
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Tesla unveiled their newest addition to their lineup, the Tesla Model Y, last night at an event in Los Angeles. The Model Y is a crossover based on the Model 3 platform but is large enough to carry 7 adults. Inside, the high seating and panoramic roof lend a feeling of spaciousness. A front trunk and split folding second-row seats provide a total 66 cubic feet of storage. Like on the Model 3, accessing the Model Y works from a connection to the driver's smartphone. The Tesla Mobile App connects to features like remote door lock, Summon, remote pre-conditioning, location tracking, and more. Tesla has built the Model Y to be the safest mid-size SUV with rigid body …
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We never thought that we would ever see the day that a semi truck would get as much hype as an upcoming sports car or one of Tesla's new models. But that's the case with Tesla's new semi truck that debut last night. The design reminds us of GM's original 'dustbuster' vans with a clean shape and wide glass area. Tesla says the overall drag coefficient of their semi is 0.36, making it more aerodynamic than a Bugatti Chiron. The interior follows the look of the Model 3 with a minimalistic design and large screens providing key information and controls for various functions. The driver is positioned in the middle to provide a commanding view of the road. Under the sem…
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Tesla's CEO Elon Musk teased last week of a new master plan that would be appearing early this week. But like the launch of one of their new vehicles, there was a bit of delay. Last night, the plan was unveiled. If you were hoping for some exciting announcements, then you'll be disappointed with this plan. One of the big parts of 'Master Plan, Part Deux' is to "the major forms of terrestrial transport." What this means is the company is working on developing a compact SUV and a and a "new kind of pickup truck." Musk also says early development work has begun on a Telsa-Semi (Musk's name, not ours) and methods of urban transportation. Musk goes on to talk about dev…
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G. David Felt Alternative Fuels & Propulsion writer www.CheersandGears.com TESLA PREOWNED SALE http://www.teslamotors.com/models/preowned Received this email today from Tesla for their first PreOwned sale. I was curious to see just how many and what types were available. 256 on their own preowned site and Florida leads the way with 43 listed. More surprising was that while the list was well divided between 2012, 2013 and 2014, the average for mileage was just a little over 10K miles. Then I continued to look and found 94 more tesla's for sale on the tesla motor club web site. 87 listed for sale on CarFax web site. LotPro had 7 listed. Ebay has 40 listed and A…
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Tesla Wagon production has begun in UK. Start with a Model S P90 and deconstruct the rear, add a carbon fiber rear addition and lift gate and you have the Tesla Wagon that went from a 26.3 cubic feet of interior space to an SUV-like 33.7 cubic feet, that is 7.4 additional cubic feet of space. This enhanced Wagon added a total of 26 pounds to the finished weight and is still faster than the Mercedes-benz AMG E63 wagon. This whole project came about by a guy who got his Tesla S and then realized his Four legged friends could not be in the far back comfortably. What you end up with is a new company called QWESTNORFOLK and they are now taking real orders for p…
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So Tesla, or more specifically, Elon Musk, said the company wants to have a self driving car on the road within 3 years. Musk is being realistic about this venture. The entrepreneur and futurist clarified that Tesla's self-driving car would give the computer 90 percent control of the vehicle. Otherwise, it would take much longer to get one on the road, since "it's incredibly hard to get that last few percent." Source: http://gizmodo.com/elon-musk-is-building-a-self-driving-car-because-of-cou-1340946551 I really don't like the idea of self driving cars. Driving is one of favorite hobbies and I would hate it this is taken away from future generations. What do you guys …
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Tesla will be dropping the Model S 60 and 60 D next month. According to Electrek, Tesla sent out emails to potential buyers last week letting them know that they have until April 16th to place an order for the 60. The 60-kWh version of the Model S was an odd model since it was equipped with a 75kWh battery pack that was limited via software to act like a smaller battery. Tesla offered the ability to unlock the full capacity of the battery for only $9.500. Tesla confirmed this and explained the reason they are dropping the 60 is most buyers tend to go for the battery upgrade and they want to streamline the ordering process. Source: Electrek View full …
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Tesla Worst Quarterly Loss & Expected to Grow Short-term Tesla release the following details for their 4th quarter of 2017: Tesla Investor Event & Details 15,200 Model S deliveries 13,230 Model X deliveries 1,550 Model 3 deliveries 2,520 Model S & X in Transit 860 Model 3 in Transit Net Loss $675.4 Million or $4.01 per share from $121.3 million or .78 cents per share a year. Revenue Rose to $3.29 Billion from $2.28 Billion Gross Margin fell to 13.8% from 22.2% below the 15.7% expected by Analysts. Excluding items, the company lost $3.04 per share, Analysts were expecting $3.12 per share. Tesla is now…
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Tesla X AWD, 762HP, 155MPH Top Speed The Tesla Forum finally opened up the Model X configurator to all pre-order customers so they could finalize their model X according to the web site www.insideevs.com. So what does the Tesla Model X cost one might ask, first available model is a Model X Signature edition. Base price $132,000. What does this get me you ask? AWD, 762HP, 155MPH top speed, 240 mile Lithium Ion battery pack, 0-60 in 3.8 seconds, quarter mile in 12.3 seconds, seating for 7, though I would say 5 adults and 2 kids based on the pictures. Standard equipment is the Falcon Wind …
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Last reply by A Horse With No Name, -
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Found this great write up by Bob Lutz Industry auto Czar who thinks Tesla is Doomed and he gives some damn straight points to back his editorial up. 1) Distribution, Factory car shops are very expensive and Elen Musks Factory sales shop experience at Porsche ate through millions. So far this is not a sustainable model for auto's. 2) Once OEM existing auto companies get serious about long distant EV's they will eat up Tesla. Bolt is expected to be the first warning shot. 3) Cheap gas is not helping Tesla. 4) Auto companies who invested in Tesla did so to get R&D done without losing billions. Now many have left Tesla to go to work for the bigger auto companies li…
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The Model 3 is Tesla's most anticipated vehicle and biggest gamble the company has undertaken. But this gamble has become more risky thanks to a decision concerning the production line. Reuters reports that Tesla is skipping a step most automakers undertake when producing a new vehicle. Prototype tools are bought in on the production line to help determine issues in terms of fit and finish. Once these issues are worked out, the prototype tools are scrapped and automakers place orders for permanent and expensive tools. But Musk told investors last month, Tesla was jumping into the permanent and expensive part first so they can meet their self-imposed volume production…
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Everyone seemed to lose their mind when Tesla CEO Elon Musk tweeted out Tuesday that he was considering taking the company private. For a time, the NASDAQ had to halt trading of Tesla stock because of massive fluctuations in the share price. The reasoning behind this move made sense as it would allow the company to focus on the long-term. But this tweet has also brought some unattended problems. Reuters has learned from sources at Tesla that the board of directors is seeking more information from him as to how the buyout will be financed. As we reported yesterday, the board has talked about this idea for some time. But a source reveals that it hasn't gotten either a …
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The long-hinted entry-level Tesla offering, the Model E could be shown earlier than anyone expected. AutoBild had the chance to interview Tesla's Chief Designer, Franz von Holzhausen. Holzhausen revealed that the Model E could be shown at the 2015 Detroit Auto Show, a full year ahead than what everyone was expecting. Tesla CEO Elon Musk has been hinting at the Model E for awhile, saying that it would be the size of a BMW 3-Series, have a range of 200 Miles, and cost somewhere around $30,000 (after federal EV tax credits). Holzhausen also revealed that work on the Tesla's next model, the seven-seat Model X crossover was coming to close. Source: AutoBild William Maley …
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More than 90 percent of Tesla Model S and X models that roll off the assembly line require fixes before they are shipped. This figure comes from nine former and current Tesla employees that spoke to Reuters this week citing data from the company's internal tracking system. At Tesla “so much goes into rework after the car is done ... that’s where their money is being spent,” said a former supervisor. Industry experts say it is critical for an automaker to get the quality right before initial production as repairs waste time and money. Other automakers such as Toyota only have an average of "fewer than 10 percent of their cars" requiring some sort of fix. Som…
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Over two years ago, hundreds of thousands of people put down $1,000 deposit to order their very own Tesla Model 3 with the hoping of getting it in 2018. Flash forward to now and a growing number of those have been asking for their money back. Second Measure, a company that analyzes billions of dollars in anonymized credit and debit card purchases to determine various trends said in a post today that 23 percent of reservation-holders have asked for a refund as of April, a noticeable increase from 12 percent last August. Contrast this with only 8 percent of holders that have configured a Model 3 for production. The remaining 69 percent is a mixture of those waiting for…
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Saturday night at Tesla's Fremont, California assembly plant was a sight to behold. "...packed with people Saturday evening as the last hours of the quarter drew to a close. Red couches and tall white tables were set up outside, a DJ played music and a truck selling Vietnamese food was on hand," Bloomberg reports. Was Tesla was celebrating an important milestone? No, the company was using this to try and motivate their workers to get more Model 3s out the door to provide some good news for investors. The past week could be considered one of the worst for the electric car maker. Moody's downgraded Tesla's credit rating further into junk status due to…
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.Over the weekend, Tesla CEO Elon Musk took to Twitter and announced a new powerful version of the Model 3. The version according to Musk will cost $78,000 and will be "quicker & with better handling. The last line of Musk's tweet made us chuckle since the current Model 3 warranty doesn't permit racing and autocross. Nevertheless, it has brought up questions as to where the $35,000 Model 3 is. For a number of buyers who plopped down the $1,000 deposit, this is the model they are waiting for. Musk gave a roundabout answer to where the low-priced Model 3 is. There is some truth to Musk's madness. Tesla is burning through cash like it is going…
Last reply by G. David Felt, -
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With the Tesla Model X coming over the horizon, talk has begun about Tesla's next model, the Model 3. As we have reported previously, the Model 3 will be around the size of a BMW 3-Series, have a total range of 200 miles, and cost somewhere around $35,000. But the Wall Street Journal reports there is more to the Model 3. JB Straubel, Tesla’s chief technical officer said at conference in Washington D.C. this past week that the Model 3 will not only come in sedan, but a crossover when its launched in 2017 (hopefully). Straubel went onto say that Tesla is hard at work on other models - but didn't go into details about what is in the pipeline. Source: Wall Street Jour…
Last reply by Drew Dowdell, -
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Despite posting $1.1 billion in revenues for the first quarter ($1.6 billion under non generally accepted accounting principles - GAAP), Tesla reported a net loss of $282 million for the quarter. Compared to the last quarter, Tesla made less in revenue, but the loss was slightly less. Tesla credits this to a careful watching of its spending. Tesla notes that its cash on hand - $1.4 billion - "does not include any meaningful cash flow from Model 3 reservations," but a fair chunk of that reservation money was used to repay back a $430 million credit line. This isn't the big news as it lines up with what analysts were expecting. It was Tesla's announcement of moving its …
Last reply by surreal1272, -
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https://www.fool.com/investing/2021/01/30/teslas-profits-are-not-from-selling-cars/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
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