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LTLFTcomposite
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Re: TSLA corporate outlook

Sat Oct 21, 2017 7:43 pm

LTL
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edatoakrun
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Re: TSLA corporate outlook

Wed Oct 25, 2017 11:33 am

More mass firings being reported, same explanation by TSLA.

Tesla's mass firings spread to SolarCity as employees say they were blindsided

Employee dismissals at Tesla are continuing, according to six former and current employees, and have spread from its motor division to SolarCity offices across the U.S.

Echoing reports from earlier this month, these SolarCity employees say they were surprised to be told they were fired for performance reasons, claiming Tesla had not conducted performance reviews since acquiring the solar energy business. Earlier this month, Tesla began firing hundreds of employees after it announced a recall of 11,000 Model X SUVs.

All the people spoke under condition of anonymity, citing fears of retaliation from Tesla.

Tesla had already announced plans to lay off 205 SolarCity employees at its Roseville, California, office by the end of October this year. However, SolarCity employees across the country have been fired in the last two weeks — not just in California, but also in Nevada, Arizona, Utah and beyond, according to these employees.

Two former employees told CNBC that the Roseville office was being completely shut down. A Tesla spokesperson said the office will remain open with about 50 full-time employees. In March 2015, SolarCity said it employed 450 people at that location and was planning to add 300 more. It is not known whether those new people were ever added.

The total number of dismissals could not be determined. However, former employees estimate around 1,200 people have been fired in the company's wave of dismissals at Tesla including SolarCity. That figure does not include previously announced layoffs.

A spokesperson for Tesla declined to confirm that number...

https://www.cnbc.com/2017/10/25/tesla-f ... sided.html
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abasile
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Re: TSLA corporate outlook

Wed Oct 25, 2017 1:59 pm

In some way or another, layoffs/firings among SolarCity employees should have been expected, though my sympathies are with those who now find themselves out of work. From what I can see, SolarCity has been changing for the better as a result of the Tesla merger. They've eliminated door to door sales (and hopefully cold calls), they are promoting solar via Tesla galleries/showrooms and directly encouraging EV+PV+battery adoption, and they are getting good attention from premium products such as solar roofs (late in true Tesla style, but very cool).

Hopefully, Tesla truly has culled their lower performing employees as opposed to indiscriminate firing. Good organizations need to do this. It's impossible to perfectly vet incoming employees. Performance reviews serve as a paper trail, but they don't necessarily tell the full story.
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sparky
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Re: TSLA corporate outlook

Wed Oct 25, 2017 9:58 pm

Didn't see this posted. Hmmm.

Tesla Restores Power To San Juan Children's Hospital
https://teslamotorsclub.com/blog/2017/1 ... -hospital/

Nissan?
GM, Ford, FCA?
Maybe some clean water in Detroit?

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LTLFTcomposite
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Re: TSLA corporate outlook

Thu Oct 26, 2017 4:56 am

sparky wrote:Didn't see this posted. Hmmm.

Tesla Restores Power To San Juan Children's Hospital
https://teslamotorsclub.com/blog/2017/1 ... -hospital/

Nissan?
GM, Ford, FCA?
Maybe some clean water in Detroit?

Any idea whether they made anything on that deal?
LTL
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LTLFTcomposite
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Re: TSLA corporate outlook

Mon Oct 30, 2017 11:19 am

edatoakrun and lorenfb are falling down on the job

https://www.thestreet.com/story/1436608 ... -says.html
LTL
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edatoakrun
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Re: TSLA corporate outlook

Tue Oct 31, 2017 8:57 am

Five Things Wall Street Wants to Know About Tesla’s Model 3

All eyes are on the affordable electric sedan and whether production stumbles will continue.


Tesla Inc. reports third quarter earnings on Wednesday after the market closes. All eyes will be on news of the mass-market Model 3 and the electric car’s slower-than-expected production. What with SpaceX launches, Boring Co. tunnels, and even dark warnings about the threat of artificial intelligence, Chief Executive Officer Elon Musk already has a few irons in the fire.

But Tesla is the center of the Muskian universe, and the second half of 2017 was to be the test of whether he could make enough Model 3s, and make them fast enough, to justify the billions of dollars already spent. So far, things haven’t been going that well.

Wall Street analysts will likely have some questions.

1. What exactly are the “production bottlenecks” and are they primarily at Tesla’s gigafactory?

Tesla reported earlier this month that it had made just 260 Model 3 electric sedans in the third quarter, well below its 1,500-unit forecast, citing unspecified “production bottlenecks.” While much of the speculation has centered on the company’s auto plant in Fremont, Calif., its gargantuan facility in Nevada—where the batteries are made—is also a critical part of the production story. In an August letter to shareholders, Tesla stressed that the Model 3 drive units, as well as battery packs made with new cells, are being built on new manufacturing lines at the Gigafactory outside Reno...

2. How much cash has Tesla spent?

Tesla had roughly $3 billion in cash on hand at the end of the second quarter and tapped the debt markets in August, raising $1.8 billion in its debut bond sale. The company has always expected to spend heavily in the second half of the year on the Model 3 as kinks in the lines are worked out and production accelerates.

“We hope for a more detailed plan for the company’s expected cash burn,” wrote analyst Jeffrey Osborne of Cowen & Co. LLC in an Oct. 19 research note. The company “still has not provided a realistic plan for [capital expenditures] that reflects both the company’s ambitions as well as cash generating ability.”...

https://www.bloomberg.com/news/articles ... -s-model-3

IMO, the first two questions above and their interrelation are far more important than the others that you can see at the link.

TSLA has promised investors ~ a $ billion dollars a month in revenue from model 3 sales by December.

Obviously, the most significant question tomorrow will be how small the fraction of that amount will actually be delivered.

As to question #1 above, if the very detailed report below is correct, It will be very difficult for TSLA to provide answers tomorrow that any investor, supplier, or model 3 reservation holder will want to hear:

Source: Tesla Responsible For Model 3 “Production Hell”


Tesla has been vague about its reasons for missing its first full-quarter Model 3 production goals by more than 80%, blaming “bottlenecks” for the delay and “emphasizing” that “there are no fundamental issues with the Model 3 production or supply chain.” But according to a source familiar with the development and deployment of the Model 3 production system, Tesla’s rushed and disorganized approach made the current “production hell” inevitable.

At the outset of the Model 3 program, Tesla asked a major automated tooling supplier to develop two Body In White (BIW) transfer lines for the Model 3. The source, who spoke on condition of anonymity for both himself and the supplier, says disagreements between Tesla’s designers and engineers resulted in numerous revisions to the scope of the contract and eventually led Tesla to drop the second line from its purchase order (PO).

“Tesla was in disarray when it came to knowing what they wanted,” the source tells Daily Kanban. “Manufacturing engineers were pressuring us to work on a design that was not yet approved.” Turnover in key positions at Tesla contributed to the chaos, as lessons learned during previous work on the joint Model S/X production line were lost with departing employees.

Despite Tesla’s public claims that the Model 3 would be “designed for production,” disagreements between its own designers and engineers contributed to five revisions to the Model 3 line design before a PO was even signed. At least four more revisions came after the PO was signed, forcing Tesla to pay extra for delivery on a compressed timeline. Even with these delays, the supplier was ultimately able to deliver on Tesla’s timeline.

In addition to the compressed deadline and high volume of design revisions, the Model 3 practice diverged from standard industry practice in that it was a so-called “cold build.”...

The “cold build” approach that Tesla took with the Model 3 BIW transfer line skips the supplier testing step, meaning the line was shipped to Fremont for installation at Tesla’s plant without having been validated, the source said.

Because of the compressed timeline and “cold build,” Tesla’s first Model 3 line will likely require more debugging than usual and could even require post-installation modification. That work must all take place at Fremont, requiring Tesla to pay for travel and overtime for the supplier’s highly skilled engineers. That installation and debugging work is ongoing according to the source, who confirms that Tesla has not yet built a Model 3 using the automated tooling....

Work on the the second Model 3 line, which the tooling supplier had originally planned to build and install in the second half of this year, has not yet begun. The supplier has been told that there is not enough room at the Fremont plant to install the second line, which was supposed to double Tesla’s Model 3 production capacity. It is not clear how or when Tesla will find the room for the second line.

Wards Auto has reported that Tesla needs a second body shop, in order to support the production volumes that CEO Elon Musk has forecast. “I understand they’re talking about a second body shop,” a “source in position to know” told Wards, “but I can’t see them reaching 2,500 to 3,000 weekly until the end of next year.”

Tesla has not responded to Daily Kanban’s repeated requests for comment.

https://dailykanban.com/2017/10/source- ... ction-hell

LTLFTcomposite wrote:edatoakrun and lorenfb are falling down on the job

Tesla Could Be Fresh Out of Cash Very Soon: UBS

https://www.thestreet.com/story/1436608 ... -says.html

Earlier version of that article had the better headline:

Overly Optimistic Tesla Bulls Are the Dumbest Thing on Wall Street

https://www.thestreet.com/story/1436168 ... treet.html
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finman100
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Re: TSLA corporate outlook

Tue Oct 31, 2017 1:23 pm

yay! short trolls! Troll on. and please get a life.
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cwerdna
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Re: TSLA corporate outlook

Wed Nov 01, 2017 7:17 am

cwerdna wrote:
hyperionmark wrote:And many Tesla bears only look at their car segment and forget this is now a wide base energy company. And even though their car segment is largest it is comforting to know as a shareholder how diversified they are.

As you well know, Tesla sells two expensive vehicles in the luxury price segment and another that's currently barely being produced in the lower end of the luxury segment.

Here's one of the largest automakers in comparison w/a full line of cars from econoboxes to luxury cars to vans and trucks.
http://www.toyota-global.com/company/hi ... icles.html

They produce about and sell about 10 million cars/year in more than 170 regions/countries (http://newsroom.toyota.co.jp/en/corpora ... /worldwide). In a single week, they produce and sell more cars than Tesla does in a year.

http://www.toyota-global.com/company/hi ... index.html has their non-automotive businesses.

hyperion: You should attend Tokyo Motor Show the next time around in 2019 to see how wrong you are about how diversified Tesla is. I just finished my 1st day of TMS 2017 (my 5th year attending). Cars range from small cars and some interesting kei cars (https://en.wikipedia.org/wiki/Kei_car) all the way to very high end. Very little emphasis was placed on EVs by most of the automakers, assuming they even had an EV. Maybe a major US auto show might be a decent substitute to prove my point.

Remember, BEV sales in the US make up less than 1% of total vehicles sales. And Tesla doesn't have coverage in many leading and growing segments of the US auto market: http://www.wsj.com/mdc/public/page/2_30 ... sales.html.

Nissan all the way on the low end sells cars like the Datsun Go. http://indiatoday.intoday.in/auto/story ... 85946.html "The redi-Go has been priced at Rs 2.39 lakh(ex-showroom, New Delhi)". If I'm reading that right, that means about 239,000 Rupees or about $3700 USD. On the high end, Nissan goes past $100K (e.g. GT-R).

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Re: TSLA corporate outlook

Wed Nov 01, 2017 8:06 am

cwerdna wrote:Very little emphasis was placed on EVs by most of the automakers, assuming they even had an EV.
This continues to be the reason I hope Tesla succeeds.
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