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I doubt they're making a profit on that self-destructo battery mobile. The LEAF has to have been a huge loser for Nissan over the last eight years, but unlike Tesla they have millions of ICE sales to spread the cost over
 
LTLFTcomposite said:
I doubt they're making a profit on that self-destructo battery mobile. The LEAF has to have been a huge loser for Nissan over the last eight years, but unlike Tesla they have millions of ICE sales to spread the cost over

Nissan claims to have made money on the LEAF, and on the Renault ZOE. Not all LEAFs were sold in Central Florida with Canary batteries...
 
WetEV said:
LTLFTcomposite said:
I doubt they're making a profit on that self-destructo battery mobile. The LEAF has to have been a huge loser for Nissan over the last eight years, but unlike Tesla they have millions of ICE sales to spread the cost over

Nissan claims to have made money on the LEAF, and on the Renault ZOE. Not all LEAFs were sold in Central Florida with Canary batteries...
Yep.

https://insideevs.com/renault-nissan-mitsubishi-sold-540623-electric-vehicles-since-2010/
https://insideevs.com/renault-nissan-mitsubishi-alliance-increases-ev-sales-in-2018/
 
Well, you wrote this on Jan 26, 2018...
webb14leafs said:
If you doubt that Tesla will build 500,000 cars per year within 6-12 months, you are ignoring reality.
They reported earnings around Jan 30, 2019. See https://insideevs.com/tesla-releases-q4-results-profit/.

They claimed:
Every part of the Model 3 production process has demonstrated over a 24-hour period the ability to produce at an extrapolated rate of 7,000 vehicles per week. By the end of this year, we expect to be able to produce Model 3 at this rate on a sustained basis.
So, if they are able to sustain 7K/week, that's 364K vehicles/year.
 
cwerdna said:
Well, you wrote this on Jan 26, 2018...
webb14leafs said:
If you doubt that Tesla will build 500,000 cars per year within 6-12 months, you are ignoring reality.
They reported earnings around Jan 30, 2019. See https://insideevs.com/tesla-releases-q4-results-profit/.

They claimed:
Every part of the Model 3 production process has demonstrated over a 24-hour period the ability to produce at an extrapolated rate of 7,000 vehicles per week. By the end of this year, we expect to be able to produce Model 3 at this rate on a sustained basis.
So, if they are able to sustain 7K/week, that's 364K vehicles/year.

Yes, and on the other side of the equation is the real issue of what's the on-going product demand for the M3 in the U.S. for 2019!
 
ABG:
Tesla goes through another exec: Top lawyer leaves two months into the job
Elon Musk, meanwhile, sets Model 3 goal of 500,000, no, 400,000 cars
https://www.autoblog.com/2019/02/20/tesla-general-counsel-departs-after-two-months/

Tesla said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months into the job, the latest in a string of top-level departures at the company.

Butswinkas, who joined Tesla in December and was reporting to Chief Executive Officer Elon Musk, will return to his previous role as the company's outside counsel at law firm Williams & Connolly.

Jonathan Chang, Tesla's vice president of the legal department, will replace Butswinkas effective immediately, the company said in an email statement. Before joining Tesla in 2011, Chang was its outside counsel at law firm Latham & Watkins. . . .

In a tweet on Tuesday, Musk estimated that Tesla would make around 500,000 Model 3s in 2019 — then he quickly clarified that the delivery target this year would be 400,000 cars.

Shares of the company were down 1 percent in morning trading.


IEVS:
Tesla Model 3 Employee Leasing Coming Soon, General Public Later
https://insideevs.com/tesla-model-3-lease-preparation-in-progress/

Soon we may know if offering Tesla Model 3 leasing will spike demand.

Tesla is well aware that people are eagerly awaiting a time when they can lease the Model 3. Many people have wondered why Tesla has waited to take advantage of this potential boost. Some have speculated that once the popular all-electric sedan is available for lease, demand will go through the roof.

We are not financial gurus at InsideEVs, but we can tell you that Tesla has waited because, while leasing will spike demand and “sales,” it’s not as pretty as actual sales on the automaker’s balance sheet. Musk spoke to this in the recent Q4 earnings call. He admitted that leasing is something that will boost demand, but it “makes our financials look worse.”

According to Electrek, “sources familiar with the matter” reported on an email about Model 3 leasing that was recently sent to Tesla employees. It said that Tesla employees may be allowed to lease the Model 3 in about two weeks. Does this mean only employees will be able to lease the Model 3 or will it be opened up to the masses?

The story goes on to say that Tesla did confirm that the email was real. However, the automaker was clear that the email was simply an internal document to prepare employees. The automaker also made it clear that there has been no official decision about when leasing may start, except that it will begin sometime after the timeframe suggested in the letter. So, basically, employees may be able to lease soon, but the general public will have to wait an undisclosed amount to time before leasing is available. . . .
 
lorenfb said:
what's the on-going product demand for the M3 in the U.S. for 2019
Based upon January's US sales, the demand for the 3 seems to be about 9x the demand for the much more affordable 2019 LEAF.
 
jlv said:
lorenfb said:
what's the on-going product demand for the M3 in the U.S. for 2019
Based upon January's US sales, the demand for the 3 seems to be about 9x the demand for the much more affordable 2019 LEAF.

Also note that a large percentage of LEAF sales are leases that are high-cost to Nissan unlike pure sales. Nissan also highly discounts those leases and car prices where Tesla does no price promotions or leases. LEAF sales would have been significantly lower without lease options and incentives and once the tax credits are gone it will be even more interesting.
 
Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal

https://www.cnbc.com/2019/02/25/tesla-shares-fall-on-report-sec-asks-judge-to-hold-elon-musk-in-contempt-for-violating-deal.html

More idiocy from Musk, and the SEC is making it clear they are done with his shenanigans. He summarily ignored the events of last year, did not care, said as much that he didn't care/didn't respect, them and proceeded to act like goof with his twitter. No other publicly traded CEO acts this way that I can think of. He keeps getting himself into trouble with Twitter.
 
palmermd said:
EatsShootsandLeafs said:
...No other publicly traded CEO acts this way that I can think of. He keeps getting himself into trouble with Twitter.

CEO of the USofA seems to have a similar problem. :D
Yes, and his numerous exaggerated claims are treated with the contempt they deserve. Elon should be held to at least as high (low?) a standard as our current Duce wannabe.
 
Seems like Tsla is finally past it's infantcy. Press plastering fire and sec allegations does not seem to effect the stock price too much now. Short sellers are running out of ammo. Hopefully we begin to see a more stable price related to their product and production output and less about the sideshows of the media around Tesla.
 
EatsShootsandLeafs said:
Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal

https://www.cnbc.com/2019/02/25/tesla-shares-fall-on-report-sec-asks-judge-to-hold-elon-musk-in-contempt-for-violating-deal.html

More idiocy from Musk, and the SEC is making it clear they are done with his shenanigans. He summarily ignored the events of last year, did not care, said as much that he didn't care/didn't respect, them and proceeded to act like goof with his twitter. No other publicly traded CEO acts this way that I can think of. He keeps getting himself into trouble with Twitter.

Fairly minor slip if you ask me, and then corrected. Of course, SEC insisted on "supervision", etc... so he must respect their Authoritah! :cool:
 
Nubo said:
EatsShootsandLeafs said:
Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal

https://www.cnbc.com/2019/02/25/tesla-shares-fall-on-report-sec-asks-judge-to-hold-elon-musk-in-contempt-for-violating-deal.html

More idiocy from Musk, and the SEC is making it clear they are done with his shenanigans. He summarily ignored the events of last year, did not care, said as much that he didn't care/didn't respect, them and proceeded to act like goof with his twitter. No other publicly traded CEO acts this way that I can think of. He keeps getting himself into trouble with Twitter.

Fairly minor slip if you ask me, and then corrected. Of course, SEC insisted on "supervision", etc... so he must respect their Authoritah! :cool:
Indeed, he must. They will force him to since he insists on being petulant. Will be fun to see how big a smack down he gets from the court over this. I'm sure he'll tweet about it like an emo teen shortly thereafter. Already his followers think the problem is the SEC and not him continuing to act like this.
 
If he gets off easy he will have Trump to thank. The bar has been lowered (if not dropped on the ground and then buried in a trench) for authority figures abusing social media.
 
LeftieBiker said:
If he gets off easy he will have Trump to thank. The bar has been lowered (if not dropped on the ground and then buried in a trench) for authority figures abusing social media.
He has Trump to thank for quite a bit, most notably the strong economy and consumer confidence to support the luxury car market. Sales in Venezuela OTOH have been soft.
 
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