GRA
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Re: TSLA corporate outlook

Fri Jun 23, 2017 4:37 pm

Via IEVS:
Tesla’s Free Lifetime Supercharging Policy Gets New December 31, 2017 Deadline
http://insideevs.com/teslas-free-lifeti ... -deadline/

Supercharging was free for life, then it wasn’t, then it was, now it is again, but just for a limited time.
Tesla’s Supercharging policies have been all over the map, making it difficult to follow the current practice that’s in place today.

Case in point. Just one month or so ago, Tesla made unlimited Supercharging free for current owners after previously having set limits and associated fees on those same owners for use of the high-power charging system.

That’s after several free, not free changes and deadline extensions in the past.

Confusing? Absolutely. Well, prepare to be confused once again. Remember Tesla’s recent “free for life” Supercharging announcement? It read:

“You have free, unlimited Supercharging, including your current Tesla and any new Model S or Model X you purchase. If you choose to sell your current Tesla, free Supercharging will not transfer to the next owner. Also, up to five friends you refer will also receive free Supercharging. Any Supercharging payments made have been automatically refunded. Read our Supercharging terms.”
<snip 5 friends info>

But now it’s been changed slightly to include a deadline for purchase. It now reads:

“You have free, unlimited Supercharging for your current Tesla vehicle as well as any new Model S or Model X purchased before December 31, 2017. If you choose to sell your current Tesla, free Supercharging will transfer to the next owner. In addition, up to five friends you refer will also receive free Supercharging. . . .”

I thought that it would transfer to the next owner under the policy announced last month. Is that an IEVS typo? BTW, I'm getting an almost Trump-induced case of whiplash, as Tesla makes multiple 180-degree turns in quick succession.
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

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LTLFTcomposite
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Re: TSLA corporate outlook

Fri Jun 23, 2017 6:28 pm

Has Tesla ever billed anyone for supercharger access? (Not supercharging capability as an option, but actual billing for usage)
LTL
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dgpcolorado
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Re: TSLA corporate outlook

Sun Jun 25, 2017 12:03 pm

LTLFTcomposite wrote:Has Tesla ever billed anyone for supercharger access? (Not supercharging capability as an option, but actual billing for usage)
Yes, some new owners did report being billed. They also said that the charges were refunded when the policy changed and they were included in free Supercharging.

These policy shifts on free Supercharging are whiplash inducing. Most of us expect the policy to change again if/when Tesla needs to boost sales of the S and X at some future time.

The irony is that for most S and X owners, who don't do all that much Supercharging, the dollar value of it is rather small. Even for me, my recent 2700 mile road trip used about $100 of Supercharger electricity, so it isn't all that expensive even if I had to pay for it. Nevertheless, the psychology of being able to just get in and go and not worry about fuel cost is quite compelling.
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GRA
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Re: TSLA corporate outlook

Mon Jun 26, 2017 4:04 pm

Via IEVS:
Tesla Increases Credit Line By $800 Million
http://insideevs.com/tesla-credit-line-800-million/

Just about six months ago Tesla increased its credit line by $500 million with two new agreements. This came shortly after Elon Musk had taken to Twitter to say that additional funding may be unnecessary. Simply increasing the credit line doesn’t ultimately mean that the automaker needs the money, but Musk is definitely playing it safe. The company also raised funds three months ago through stock and debt offerings.

Tesla CEO Elon Musk is definitely no stranger to borrowing and spending to push his companies forward. Now, the Silicon Valley automaker has expanded agreements further, to make space for another $800 million. Initially, the company has access at an asset-backed $625 million, but can then opt for an additional $175 million, if needed.

Friday’s regulatory filing shows that the total combined agreements bump Tesla’s credit line to a substantial $3.825 billion. At the close of the last quarter, the Palo Alto car maker had about $4 billion in available cash, but it was made clear that that number would likely be cut in half by the time Model 3 production starts. . . .
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

GRA
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Re: TSLA corporate outlook

Fri Jun 30, 2017 1:52 pm

Via GCR:
IIHS says Tesla electric cars have higher miles, more costly repairs
http://www.greencarreports.com/news/111 ... ly-repairs

'Higher miles' is easily explained.
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

GRA
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Re: TSLA corporate outlook

Sun Jul 02, 2017 4:07 pm

I don't remember if anyone's provided a link to this before, but it's a great article in "Fast Company" about the events leading up and subsequent to Tesla's acquisition of SolarCity: https://www.fastcompany.com/40422076/the-real-story-behind-elon-musks-2-6-billion-acquisition-of-solarcity-and-what-it-means-for-teslas-future-not-to-mention-the-planets
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

lorenfb
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Re: TSLA corporate outlook

Mon Jul 03, 2017 9:59 am

Per the latest YTD data (http://insideevs.com), Tesla's combined Model S & X sales were about 20K for the U.S.
This is only about 1K greater than for the first six months of 2016 (19K). The unofficial guidance for 2017 is about 100K
vs the actual of 2016 of 76K units. So based on the 2017 YTD vs 2016 YTD, it appears Tesla's growth rate has slowed.
Yes, the Model 3 will possibly add some 2017 volume, but not significantly since production begins to ramp in late Q3
of 2017. Of greater significance, though, is the resulting greater negative potential cash flow with the Model 3
offsetting the declining sales volume of the Model S & X, i.e. Tesla's overall gross profit will decline increasing
GAAP losses requiring continued external funding. Also of significance is that Tesla's 2017 June combined sales
of Model S & X declined about 1300 units compared to 2016.

edatoakrun
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Re: TSLA corporate outlook

Mon Jul 03, 2017 12:14 pm

lorenfb wrote:Per the latest YTD data (http://insideevs.com)...

Tesla's 2017 June combined sales
of Model S & X declined about 1300 units compared to 2016.


Quarterly US TSLA sales peaked last Fall, and have been falling rapidly each quarter ever since, as per IE reports:


US Tesla Sales Continue Downward Slide.

Quarterly Model S Model X Total
2016 1 6390 2400 8790
2016 2 5700 4540 10240
2016 3 9156 5783 14939
2016 4 7650 5500 13150
2017 1 6100 4300 10400
2017 2 5095 4645 9740

https://teslamotorsclub.com/tmc/threads ... st-2175723
no condition is permanent

cwerdna
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Re: TSLA corporate outlook

Mon Jul 03, 2017 12:58 pm

Related to the above...

Tesla delivers 22,000 vehicles in second quarter (of 2017), blames 'severe production shortfall' of battery packs
http://www.cnbc.com/2017/07/03/tesla-de ... -2017.html

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Durandal
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Re: TSLA corporate outlook

Mon Jul 03, 2017 1:05 pm

I believe it disingenuous to rely purely on US sales numbers for the S & X, considering that Tesla is expanding overseas. There are a number of people who could have comfortably ordered a Model 3 years ago but stretched to buy a Model S. Secondarily, in the TMC forum link that was posted, most of what I would say has already been said regarding production constraints. Year over year sales for the S & X are up when you include global numbers.

Considering that Tesla will sell more units of the Model 3 in the last 4 months of 2017 than Chevy will sell of the Bolt for the entire year of 2017, I'm not concerned about a small drop in US sales that were made up elsewhere in the world.

Tesla(Nasdaq:TSLA) delivered just over 22,000 vehicles in Q2, of which just over 12,000 were Model S and just over 10,000 were Model X. This represents a 53% increase over Q2 2016. Total vehicle deliveries in the first half of 2017 were approximately 47,100.

http://ir.tesla.com/releasedetail.cfm?ReleaseID=1032033
Pulled the trigger on going EV on 10/2016 with a 2012 Leaf, and a Tesla Model 3 reservation expected to receive in June 2018.

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