Tesla
217 topics in this forum
-
-
- Editor-in-Chief
- 4 followers
- 26 replies
- 3.2k views
The past couple of months have not been pleasant for Tesla. Production delays of Model 3, the firing of 700 workers, and various parts of the Model 3 being handmade have put a negative light on the electric car company. Yesterday, Tesla announced their Q3 results and the news isn't pretty. Tesla reported a $671 million loss for the quarter, making it the largest quarterly loss. The company burned through $1.42 billion in cash in the quarter as it worked on ramping up Model 3 production. Revenue was slightly up to $2.98 billion. Tesla also revealed that it is pushing back its ambitious goal of 5,000 Model 3s per week by the end of this year to the end of the firs…
Last reply by A Horse With No Name, -
-
-
- 3 replies
- 1.1k views
There were serious concerns before the beginning of Tesla's annual shareholders meeting mostly due to CEO Elon Musk's erratic behavior over the past month or so. But Musk was on his best behavior during the meeting, where some big announcements were made. On the business front, Tesla shareholders voted to keep Antonio Gracias, James Murdoch, and Kimbal Musk on the board, despite criticisms from a group of shareholders that they aren't fully independent from Musk. There was also the proposal of splitting the chairman and CEO posts held by Musk, with one investor saying it has become difficult for Musk to oversee the company. This motion would be defeated. "At Tes…
Last reply by Robert Hall, -
-
- Editor-in-Chief
- 10 followers
- 51 replies
- 265.5k views
Tesla's stock opened under $200 at $197.75 on Tuesday, a substantial decrease from the $332.80 it was trading for in December 2018. In April, Tesla posted a $722M loss for the first quarter of 2019. Tesla has faced terrible delivery reports over the last two quarters while also trying to get the new Tesla Model Y production online and a Gigafactory in Shanghai operational. The Los Angeles Times reports that Wedbush Securities Analyst Dan Ives has cut the price target of Tesla from $275 a share to $230 a share citing an escalating trade war between the U.S. and China. Another analyst cuts Telsa's forecast Chinese sales in half and sees the company being forced to t…
Last reply by balthazar, -
-
- 3 followers
- 36 replies
- 3.5k views
Tesla CEO Elon Musk made a surprise announcement earlier this year with the upcoming Model Y crossover using a new platform and not the one used for the Model 3. Musk has changed his tune, however. “Upon the council of my executive team . . . who reeled me back from the cliffs of insanity—much appreciated—the Model Y will in fact be using substantial carryover from Model 3 in order to bring it to market faster,” said Musk during the second quarter earnings call yesterday. How much faster? Previously, Musk said the Model Y (if that is the final name) could arrive by 2019. But during this call, Musk did not give a date - possibly a wise idea. Source: Autoblog…
Last reply by smk4565, -
-
- Editor-in-Chief
- 3 followers
- 6 replies
- 1.4k views
G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com Tesla's World's Largest Supercharger Station Opens Tesla has been on a fast pace build out of supercharger stations around the world and in fact has two 40 stall supercharger stations under construction in California. Now comes word via a Tesla S owner Jason Man in China that they have opened up the largest Tesla Supercharger Station in Shanghai with 50 stalls, capability to charge 3 megawatts of power per hour. This is located in the Lilacs International Commercial Centre, Pudong district of Shanghai. China has committed to opening 10's of thousands of charging stations over the…
Last reply by Drew Dowdell, -
-
- 2 followers
- 3 replies
- 1.1k views
Pretty clear that the Tesla autopilot works well up to the point it needs your help and then it needs your help faster than you can respond. Good 2 min video showing how this happens. Full story from BBC here: https://www.bbc.com/news/technology-44439523
Last reply by ccap41, -
-
- Editor-in-Chief
- 2 followers
- 3 replies
- 2.3k views
It was only eight weeks ago when Tesla finally announced that the $35,000 Model 3 would be available to order. This news caused the internet to go crazy on this news as it would become the most affordable model in Tesla's lineup. But late this week, the Californian automaker made some changes to the Model 3 ordering process to "simplify vehicle choices and make Autopilot more affordable." On Thursday, Tesla said in a blog post that the $35,000 Model 3 - known as the Standard Range - would not be available to order online. If you want one, then you need to either find Tesla store that is still open or call the company directly. Why is this happening? (Author's…
Last reply by G. David Felt, -
-
- 2 replies
- 1.3k views
In a surprising move today, three top officials from the Federal Trade Commission have come out against the laws that ban automakers like Tesla from selling their vehicles directly to consumers. Andrew Gavil, director of the FTC's Office of Policy Planning; Deborah Feinstein, director of the Bureau of Competition; and Martin Gaynor, director of the Bureau of Economics wrote in a blog piece on the FTC site that states the dealer franchise laws are a 'bad idea' since it doesn't allow consumers to shop in new ways. "For decades, local laws in many states have required consumers to purchase their cars solely from local, independent auto dealers," the three said in the post.…
Last reply by ZL-1, -
-
- Editor-in-Chief
- 4 followers
- 8 replies
- 2.2k views
After much speculation, it has come to light that Apple did propose to bid on Tesla back in 2013 for $240 a share, higher than the sub-$200 a share Tesla is trading at today, according to CNBC. Analyst Craig Irwin told CNBC that there was a serious bid from Apple and says that multiple credible sources have told him so. Tesla is down more than 46% from its high in August 2018 when CEO Musk tweeted that he had funding secured to take Tesla private at $420 a share via a Saudi Soverign Wealth Fund, but that tweet turned out to be false, Tesla reversed course, and got Musk and Tesla in trouble with the SEC and further cost Musk the Chairmanship of the company. No…
Last reply by G. David Felt, -
-
- 1 follower
- 0 replies
- 980 views
https://www.wsj.com/articles/elon-musk-races-to-exit-teslas-production-hell-1530149814 https://www.detroitnews.com/story/business/autos/2018/06/28/elon-musk-calls-ford-morgue-ford-fires-back/741328002/ Seems Elon Musk is up to his habit of deflecting attention on Tesla's lack of profit, inability to deliver 5000 Model 3s a week and has to rely on calling for "like a morgue according to the news. Seems lots of finger pointing by Musk and yet Ford, GM and others have shown the media how they turn out a 1000 auto's a day on their production lines. Ford recently brought the media into one of their plants to show off how they build 1000 trucks / SUVs a day on th…
Last reply by G. David Felt, -
- 2 followers
- 3 replies
- 794 views
http://money.cnn.com/2017/06/06/technology/business/tesla-model-3-backlog/index.html Musk stated today Model 3 delivery isn't to be expected before "the end of 2018". There goes the production schedules and annual goals stated up until now. Not at all a shock if one has been paying attention to this company's history. What remains to be seen is the degree of people who decide 'enough is enough' and pull their deposits- THREE YEARS is a long damn time to wait for a car to be built.
Last reply by G. David Felt, -
- 1 reply
- 1k views
G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Understanding Tesla View of HP and Torque Most people today understand when a person mentions Horsepower or Torque they relate it to how well a petro powered auto might perform. Faster, stronger, driving machines that compete for your hard earned dollars while giving you an in the gut experience to make one grin from ear to ear or puke depending on your own personal constitution. With today's EV auto's, people are still looking to relate the EV to the horsepower and torque or HP / lb-ft that they are used to and no fully understanding that in the EV world the motors are dealing with Kilowat…
Last reply by hyperv6, -
-
- Editor-in-Chief
- 3 followers
- 12 replies
- 2k views
In a deal announced late Saturday between Tesla and the Securities and Exchange Commission, Elon Musk will be stepping down as Chairman of Tesla Motors and barred from holding that position for 3 years. Additionally, Musk and Tesla will pay $20 million in fines each. As part of the settlement, Tesla will add two additional board members and more closely monitor Mr. Musk's public communications. Neither Tesla nor Mr. Musk admit wrongdoing as part of this agreement. The settlement comes as a surprise as apparently Musk had rejected a similar deal earlier this week. The settlement stems from a lawsuit filed by the SEC against Musk and Tesla over an A…
Last reply by A Horse With No Name, -
-
-
- Editor-in-Chief
- 1 follower
- 6 replies
- 1.2k views
If you happened to be perusing the Monterey, CA Craigslist this morning, you might have come across an interesting ad. Someone had posted an ad for a Tesla Model 3. The vehicle allegedly has about 2,000 miles on the odometer. Like many of Model 3s currently rolling off the production line, this is the long-range variant with a 310-mile range. Other features include a panoramic glass roof, upgraded sound system, and "Aero" wheels. The price? $150,000. Our favorite part of the ad is the last line; "THIS IS REAL." Red flag anyone? The ad has been taken down since various outlets started reporting on it. There is an interesting reason as to why. If you look at …
Last reply by Drew Dowdell, -
-
- 1 follower
- 3 replies
- 1.3k views
If there is a trend at Tesla, it's that there's always more to the various stories. Case in point: On Friday night, CEO Elon Musk posted a piece on Tesla's blog saying that plans have been scrapped about taking the company private. "Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,” Musk wrote. But what led him to this decision? Over the weekend, Bloomberg, The New York Times and Wall Street Journal published pieces into Musk's reversal. The short of it comes down to Musk jumped the gun with his announcement earlier this month on Twitter without making s…
Last reply by riviera74, -
-
- Editor-in-Chief
- 9 followers
- 1.1k replies
- 81.6k views
Norway has been in the news lately and not just a little but across a wide range of news organizations. Norway has been very embracing of the move to EVs supporting just about every version that has come out from small EVs that would remind one of a Golf cart and illegal on the roads in the US to the luxury level of Tesla with the X and S auto's. Norway has even been leading the world in the change over of their countries taxi fleet to EVs. One benefit to the taxi owner is the ability to write off half of the auto cost in the first year and the rest in the second year as long as the taxi travels over 100,000 kilometers per year. This allows private taxi drivers…
Last reply by balthazar, -
-
-
- Editor-in-Chief
- 5 followers
- 48 replies
- 4.9k views
After September 24th, Tesla will end production of the rear-wheel drive Model S 75. The model is the cheapest way to get into the Model S with a base price of $69,500. After the 24th, the Model S 75D with its dual motor AWD setup will become the entry-level model with a base price $74,500. This will leave the Model 3 as the only Tesla model that is available with RWD. This news was first broke by Electrek back in July, although no official end date was given. We can see a couple of reasons for Tesla dropping the RWD Model S 75. One is to help streamline production line and hopefully get more vehicles out. It also gives further differentiation between the Model 3…
Last reply by oldshurst442, -
