EV (electric vehicle) News and Discussion

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#2249626 1-Jun-2019 17:09

My biggest concern is, will Tesla still be around in 5 years time? I hope they are, but the rate they are burning through money at the moment, they could disappear or get swallowed up.

“We’ve arranged a society based on science and technology, in which nobody understands anything about science technology. Carl Sagan 1996

paulchinnz

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#2249682 1-Jun-2019 19:03

Even if they're not, the brand per se might be seen by one of the more established manufacturers as being worth taking over.

@linuxluver - I'm confused about this promise of August delivery for anyone ordering now - what was the point of the $1500 deposit 3 years ago?!

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#2249684 1-Jun-2019 19:11

paulchinnz:

Even if they're not, the brand per se might be seen by one of the more established manufacturers as being worth taking over.

@linuxluver - I'm confused about this promise of August delivery for anyone ordering now - what was the point of the $1500 deposit 3 years ago?!

The deposit was more for the early US buyers, back when they were barely making 1000 cars a week. Now that they're making 6-7k cars a week they'd likely be able to make all the AU & NZ converted reservations plus all the orders which aren't from reservations in just one week . Reservation holders will likely get their deliveries first though (beginning of the week rather than the end of the week, for example) since they can only do so many deliveries a day.

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Linuxluver

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#2249709 1-Jun-2019 20:19

Dingbatt:
Linuxluver: I'm shifting house this weekend. The old house is being sold. Then I'm ordering a Tesla Model 3. I'd order it today if I know the house would be sold by August. I don't know that. :-)

I know the Model 3 is quite roomy, but as a replacement for a house??? 😁

Leaving Auckland. :-) We've owned a house in Opotiki for 2 years. You can buy 6 houses in Opotiki for the price of one in Auckland and it will be on a larger section and probably be bigger.

A Model 3 should be able to do Auckland to Opotiki without needing to charge and have about 100km range left over. I already have a 7.2kw charger at the house there.

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#2250631 3-Jun-2019 18:10

Does Tesla's Sentry Mode Work?

tripper1000

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#2253144 6-Jun-2019 15:05

Dingbatt: My biggest concern is, will Tesla still be around in 5 years time? I hope they are, but the rate they are burning through money at the moment, they could disappear or get swallowed up.

Don't believe the negative hype. According to a couple of independent sources:

1) The Model 3 is one of the most profitable cars of all time.

2) In the USA, the Model 3 is the most popular car in its size & quality class, and outsells 2nd, 3rd and 4th places combined.

Here is a typical article on the subject.

Additionally the sales life of Tesla's models is way longer than traditional ICE models so they don't have costs of developing replacement models like other manufactures.

With the Model 3 Tesla is not even remotely on financially shaky ground.

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#2253171 6-Jun-2019 15:43

tripper1000:

Dingbatt: My biggest concern is, will Tesla still be around in 5 years time? I hope they are, but the rate they are burning through money at the moment, they could disappear or get swallowed up.

Don't believe the negative hype. According to a couple of independent sources:

1) The Model 3 is one of the most profitable cars of all time.

2) In the USA, the Model 3 is the most popular car in its size & quality class, and outsells 2nd, 3rd and 4th places combined.

Here is a typical article on the subject.

Additionally the sales life of Tesla's models is way longer than traditional ICE models so they don't have costs of developing replacement models like other manufactures.

With the Model 3 Tesla is not even remotely on financially shaky ground.

If the Model 3 is such a profitable car how do you explain the massive losses that Tesla made in Q1? For the sake of balance see below for a more conservative opinion based on results.

https://www.forbes.com/sites/chuckjones/2019/01/22/wasnt-tesla-supposed-to-make-more-money-as-the-model-3-ramped/#5151716ec737

maxeon

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#2253182 6-Jun-2019 16:12

Handle9:

tripper1000:

Dingbatt: My biggest concern is, will Tesla still be around in 5 years time? I hope they are, but the rate they are burning through money at the moment, they could disappear or get swallowed up.

Don't believe the negative hype. According to a couple of independent sources:

1) The Model 3 is one of the most profitable cars of all time.

2) In the USA, the Model 3 is the most popular car in its size & quality class, and outsells 2nd, 3rd and 4th places combined.

Here is a typical article on the subject.

Additionally the sales life of Tesla's models is way longer than traditional ICE models so they don't have costs of developing replacement models like other manufactures.

With the Model 3 Tesla is not even remotely on financially shaky ground.

If the Model 3 is such a profitable car how do you explain the massive losses that Tesla made in Q1? For the sake of balance see below for a more conservative opinion based on results.

https://www.forbes.com/sites/chuckjones/2019/01/22/wasnt-tesla-supposed-to-make-more-money-as-the-model-3-ramped/#5151716ec737

Whatever the numbers are, Tesla as a company has a product that sells and has successfully sold and have been selling a lot.

It has series of products lined up that will in future sell as well. So, will Tesla be in the market after 5 years? I believe they will and if they cannot make enough money to lead through their products they will be bought by some big company to move them forward.

I think the product is a success .. maybe the management of the shares / stock / money is not!

kingdragonfly

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#2253201 6-Jun-2019 16:48

Interesting way to the low-Earth orbit SpaceX’s Starlink satellites could benefit Tesla cars.

If I was Musk, I'd stop blowing money on the Boring company, the tunnel boring company.

Two ways Tesla could use SpaceX’s Starlink to make billions of dollars

Sean Mitchell

"1) An in-car app store

2) Accelerating Autopilot fleet learning through high speed satellite internet data transmission."

Obraik

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#2253205 6-Jun-2019 16:55

kingdragonfly: Interesting way to the low-Earth orbit SpaceX’s Starlink satellites could benefit Tesla cars.

If I was Musk, I'd stop blowing money on the Boring company, the tunnel boring company.

Two ways Tesla could use SpaceX’s Starlink to make billions of dollars

Sean Mitchell

"1) An in-car app store

2) Accelerating Autopilot fleet learning through high speed satellite internet data transmission."

I just don't see an app store being all that lucrative or viable for Tesla. Setting up an app store is a task on its own as you now have to maintain that infrastructure, the APIs and the security. Then you have to actually attract developers to the platform which as Microsoft has found isn't all that easy to do even if you throw money at them. There's also a limited amount of apps that make sense in a car. Other than Music and Map apps, what else makes sense in a car? These are two categories that can be fulfilled by Apple CarPlay and Android Auto so why not save the hassle of running an app store and just add that instead?

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Florisje

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#2253219 6-Jun-2019 17:58

Well, the automotive industry is (one of) the largest industries in the world. So there will most definitely be a market for this I reckon.

Tesla is likely trying to be ahead of the curve (Apple and Google) and trying to expand the abilities that apps have within a car.

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#2253527 7-Jun-2019 06:47

kingdragonfly: If I was Musk, I'd stop blowing money on the Boring company, the tunnel boring company.

Then thank the gods you're not Elon. We need tunnelling solutions, because no one has innovated in that space for decades. You're basing that opinion on what little reading you've done on the mission of that company. Auckland will one day require another tunnel... and if they do, wouldn't it be nice if taxpayers were only paying 1/50th the historical cost of building one?

Not to mention most of his companies are self-funding, so he's not "blowing" money on The Boring Company.. all of those people who bought hats and flamethrower march were.

kingdragonfly

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#2253540 7-Jun-2019 07:42

A tunnel is about buying property rights, getting government's permission, moving Earth, and building giant pipes, and passing all the safety regulations.

Even if Elon developed a Star Trek style laser, super-powerful and unbelievable efficient, there's no way it'd be 1/50 the cost.

From Musk:

“We have people hounding us to invest nonstop, which is weird because they haven’t seen the financials. They just assume this will work, and they’re probably right.”

and

"If we fail, well, I guess me and others will lose a bunch of money"

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#2253672 7-Jun-2019 11:41

kingdragonfly: A tunnel is about buying property rights, getting government's permission, moving Earth, and building giant pipes, and passing all the safety regulations.

Even if Elon developed a Star Trek style laser, super-powerful and unbelievable efficient, there's no way it'd be 1/50 the cost.

From Musk:

“We have people hounding us to invest nonstop, which is weird because they haven’t seen the financials. They just assume this will work, and they’re probably right.”

and

"If we fail, well, I guess me and others will lose a bunch of money"

Ugh dude. We’re talking about the investment in tunneling technology not the process. Musk isn’t ‘blowing’ money on improving a process that is defined at local government levels.

tripper1000

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#2253708 7-Jun-2019 12:19

Handle9: If the Model 3 is such a profitable car how do you explain the massive losses that Tesla made in Q1? For the sake of balance see below for a more conservative opinion based on results.

https://www.forbes.com/sites/chuckjones/2019/01/22/wasnt-tesla-supposed-to-make-more-money-as-the-model-3-ramped/#5151716ec737

Did you read the article? Because three main themes come out;

1) That they need to have higher volumes to make the much vaunted $35K Model 3 a viable option (they are not yet offering this version, so the article isn't saying the present versions are not viable).

2) That the Tesla stock price is over-rated because the dividend is running at only 2% (when reinvesting profits into capital expansion as growing companies do, you shouldn't expect dividends so it is warning off speculators, not those in it for the long haul). There are successful companies/stocks that have never paid a dividend in 30 years, as they reinvest all profits in expansion, so the stock goes up in value is stead of paying a dividend.

3) That they need higher volumes/cash flow if they want to stay on target building the new Giga factories etc.

The underlying theme is not that the company is unprofitable, but that it may not be able to stick to it's expansion targets without wracking up more debt or issuing more stocks.

The ill advised slammed 2degrees because it "hadn't made a profit in 10 years" at one point. The company was reinvesting earnings in expanding and once the expansion process was done, it did start making a profit/payind a dividend. The catastrophizers didn't invest but the smart people did. Same-same with Tesla.

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