TSLA earnings and CC to follow this afternoon.
Conventional wisdom and/or idiocy:
http://www.marketwatch.com/story/tesla- ... 2017-07-27
Tesla earnings: Will Model 3 live up to the hype?
What quarterly losses? Wall Street to zero in on production timeline
Tesla Inc. is scheduled to report second-quarter results after the market close on Wednesday.
Wall Street expects another loss for Silicon Valley company, but that is unlikely to matter much. The real burning questions are the ones about the Model 3...
Here’s what to expect:
Earnings: Analysts surveyed by FactSet expect Tesla to report a loss of $2.39 a share in the second quarter, which would compare with a loss of $2.09 a share in the second quarter of 2016. The company is expected to report an adjusted loss of $1.88 a share in the quarter.
Estimize, a crowdsourcing platform that gathers estimates from sell-side and buy-side analysts as well fund managers, executives, academics, and others, has a consensus per-share loss of $1.78 for Tesla...
Other issues: Expect analysts to ask questions about the Model 3 production ramp and about how close Tesla is to fulfilling its promise to run its factory at a production rate of 500,000 vehicles annually by the end of 2018...
What TSLA creditors (including model 3 depositors?) might want to look for, IMO, the future date when we should expect TSLA's cash supply to reach the vanishing point
http://investorplace.com/2017/08/einhor ... YHU14jyuUk
Einhorn on Tesla Model 3: Cash Burn to Test Investors’ Faith
... expects TSLA to spent billions producing the Model 3
Einhorn ... noted that Tesla is expected to burn more than $2 billion this year for production of the Model 3.
He added that the automaker is “currently only capitalized for the next three quarters,” according to Bloomberg. He summed up by saying that Elon Musk and Co. will be testing the market’s willingness to fund the production ramp of the Model 3 throughout the year...
In addition to the comments on cash burn made by Einhorn on Tesla Model 3, he also made some more general comments in his second-quarter letter for Greenlight Capital, which was obtained by ValueWalk. His firm is short Tesla, and he’s been speaking out about why he feels the EV maker is grossly overvalued for quite some time. He joins Stanphyl Capital and a growing number of others who are firmly in the bear camp on Tesla.
In Greenlight’s second-quarter letter, Einhorn explained, “While its [Tesla’s] cars do not burn gasoline, the company burns more than enough cash to compensate, and behaves as if it will have access to nearly free capital for the foreseeable future.”...
And nearly invisible in the smoke-screen, elon continues to lose senior staff almost as frequently as does our dear-leader
http://fortune.com/2017/08/01/tesla-los ... echnology/
Tesla Loses Key Executive in Charge of Battery Technology
...Kurt Kelty was director of battery technology at Tesla since 2006. His departure leaves CEO Elon Musk to fill a critical position at the electric automaker, Bloomberg reported. Kelty was valuable not only because he oversaw the one component that is a cornerstone to the electric automaker; He also led negotiations between Tesla and Panasonic to form a partnership to develop batteries together at a massive factory near Reno, Nevada.
Tesla confirmed Kelty left the company to "explore new opportunities," a spokesman said in an email...
A "severe production shortfall" of 100 kilowatt-hour battery packs, which are used in the company's luxury Model S, led to fewer vehicle deliveries in the second quarter, Tesla reported last month. The company was still able to hit the low end of its goal of delivering more than 47,000 vehicles in the first half of 2017.
An ample supply of battery packs will be crucial as Tesla goes from producing 100 Model 3 vehicles in August to 20,000 in December.
Meanwhile, there may be some indications that the most rapid ramp-up in automotive production in history (?) planned for the next few months just might no
t go entirely smoothly...
https://www.cnbc.com/2017/08/01/tesla-w ... afety.html
Elon Musk warns of ‘manufacturing hell’ to come—Tesla workers say factory safety is already worse than sawmills and slaughterhouses
Friday night, the billionaire entrepreneur Elon Musk appeared in front of a cheering and adoring audience...
"We're going to go through at least six months of manufacturing hell," the Tesla CEO told a group of journalists ahead of the Model 3 event. On stage, Musk echoed the sentiment.
According to the Fremont, Calif., factory workers, Tesla is already putting its employees through a lot.
"One of the most serious issues concerns our health and safety," says a letter a group of factory workers from Tesla's main Fremont, Calif., facility submitted to the independent board members of Tesla on Monday"...
In May, California-based worker safety organization Worksafe published an extensive report after it analyzed the log of work-related injuries and illnesses at Tesla.
It found that Tesla's "total recordable incidence rate" was 8.8 percent (8.8 injuries per 100 workers) in 2015, the last full-year that data is available for. That's 31 percent more than the 6.7 percent total recordable incidence rate for the automobile industry as a whole, the report found, citing Bureau of Labor Statistics data.
That 8.8 percent injury rate is higher than the similar injury rates of both sawmills and slaughterhouses, according to the Bureau of Labor Statistics. Sawmills have an injury rate of 7.3 percent and slaughterhouses have an injury rate of 5.1 to 7.3 percent, depending on the type of processing...