Tesla Manufacturing Problems

[Joekool]

I took a road trip to LA last week, I stopped counting the semi-truck car haulers transporting Teslas after ten. I saw even more on my way back since the ones I counted on the way down there I had to pass.

A company rolling in that much demand will find a way to succeed

 

[70lt1z28]

I took a road trip to LA last week, I stopped counting the semi-truck car haulers transporting Teslas after ten. I saw even more on my way back since the ones I counted on the way down there I had to pass.

A company rolling in that much demand will find a way to succeed

I used to say that about the Chevy Blazers that rolled out of the Moraine Ohio assembly plant. They probably also said that about the Norwood plant. If you aren't making money you aren't making money. Eventually something has to give. Except for the US government. That seems to defy economic logic.

 

[Joekool]

I used to say that about the Chevy Blazers that rolled out of the Moraine Ohio assembly plant. They probably also said that about the Norwood plant. If you aren't making money you aren't making money. Eventually something has to give. Except for the US government. That seems to defy economic logic.

The Blazer wasn't in demand though

 

[The Champ]

I took a road trip to LA last week, I stopped counting the semi-truck car haulers transporting Teslas after ten. I saw even more on my way back since the ones I counted on the way down there I had to pass.

A company rolling in that much demand will find a way to succeed

Why you've got a got 400,000 people on your waiting list and promised that you'd be building 5,000 Model 3's per week by the end of last year, you should have been seeing 100's of car haulers transporting Tesla's. But Tesla is now (as of the 29th) first claiming that they've finally cracked the 200 cars per day barrier. I'll do the math for you, that's only 1,400 per week - and Musk claimed that they be doing 2,500 per week by the end of March (half of what he proclaimed they'd be doing last December).

And now with the recent recall of 80% of all Tesla Models S's ever built and Tesla admitting (after first denying) that AutoPilot was in use in the recent fiery crash of a Model X, the hits are just going to keep on coming....

Tesla’s ‘day of reckoning’ is near as its plunging stock increases financing risk

"Tesla represents a financially non-viable business. It has an upside-down balance sheet. The multi-billion cash burn is massive with no end in sight," Accipiter Capital's Gabe Hoffman wrote in an email Wednesday. "The financial need for Tesla to issue massive amounts of new equity has been glaringly obvious for quite some time."

Musk is trying to do too many things at once, and this will cause him to fail. With the 400,000 deposits still out there (that's $400,000,000.00 dollars that he has "borrowed" from prospective customers at 0% interest), he needs to concentrate on getting his production ramped up now - not some time in the future. He's also been taking $20,000.00 deposits on his semi truck, but doesn't even have a factory to build them in yet. Back in early December he had already accepted 140 deposits...

At Tesla's current burn rate of $8,000 per minute, they are burning $480,000 per hour or $11,520,00.00 per day. Tesla is due to run out of their available (already borrowed cash) by August at the current burn rate.

Assuming Musk can sell 300 Model 3 cars per day in the near future, that still won't bring in enough revenue to cover his $11.52 million cash per day burn rate....

Back in September, Tesla had a market cap of nearly $64,000,000,000.00. When the stock market opens on Monday, the market cap will be under $45,000,000,000.00, and that's before an anticipated additional stock drop.

When the official Model 3 production numbers for the 1st quarter are announced next week, don't look for things to improve for Tesla after last week's ominous recall of Model X's and the the company finally admitting (after the markets were closed for Good Friday) that the AutoPilot was engaged at the time of the recent crash.

Would you lend money to this company?

 

[GoldenOne7710]

Musk is nothing more than a glorified pitch man. His companies still have a bit of wrinkles to be ironed out before he can be truly be deemed successful.

 

[The Champ]

Elon Musk attempts an April Fool's Day joke...

Elon Musk

✔@elonmusk
Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it.

Industry analysts don't seem to appreciate his attempts at humor:

Brian Sozzi

✔@BrianSozzi
CEOs of public companies shouldn't be putting out tweets like this Elon. Let's get real here, stay focused on what you need to be doing for shareholders.

Meanwhile, Tesla stock is in the tank even further today...

 

[BonzoHansen]

The NTSB is mad too over an accident investigation

 

[The Champ]

Musk committed to building 2500 cars per week in March. Numbers just released show he hit 2,020 the last week of March. For the quarter, that brings the total to 9,766 Model 3's.

CEO Elon Musk has been pushing the company to hit production goals on the new Model 3, which have repeatedly been pushed back and delayed. Tesla made 2,020 of the total number of Model 3s in the last seven days, the company reported.

“The Model 3 output increased exponentially, representing a fourfold increase over last quarter,” Tesla said in a statement. “This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T.”

Musk is pretty self serving with his claims of growth faster than the Model T. He must have forgotten the Henry Ford didn't have advanced robotics to "speed" production. Heck, the whole "mass production" idea was little more than a concept back then. Henry didn't have 400,000 deposits for his Model T either.

Ford became a car company in 1903. In the 1909 model year, Ford sold 10,666 Model T's.

Compare that to Tesla, that was founded in 2003 and is bragging about how their sales "will exceed that of Ford and the Model T". At the same point in time (15 years from inception), Ford had already sold over 2,500,000 Model T's. That's just the Ford Model T number - not any other Ford models.

Tesla has yet to sell 12,000 Model 3's. Total Tesla sales are about 230,000.

 

[Bandit723]

Wonder if Musk is going to blame UFO's"

Elon Musk: ‘We Have Not Ruled Out’ That UFO Caused Space X Explosion

 

[Joekool]

Why you've got a got 400,000 people on your waiting list and promised that you'd be building 5,000 Model 3's per week by the end of last year, you should have been seeing 100's of car haulers transporting Tesla's. But Tesla is now (as of the 29th) first claiming that they've finally cracked the 200 cars per day barrier. I'll do the math for you, that's only 1,400 per week - and Musk claimed that they be doing 2,500 per week by the end of March (half of what he proclaimed they'd be doing last December).

And now with the recent recall of 80% of all Tesla Models S's ever built and Tesla admitting (after first denying) that AutoPilot was in use in the recent fiery crash of a Model X, the hits are just going to keep on coming....



Musk is trying to do too many things at once, and this will cause him to fail. With the 400,000 deposits still out there (that's $400,000,000.00 dollars that he has "borrowed" from prospective customers at 0% interest), he needs to concentrate on getting his production ramped up now - not some time in the future. He's also been taking $20,000.00 deposits on his semi truck, but doesn't even have a factory to build them in yet. Back in early December he had already accepted 140 deposits...

At Tesla's current burn rate of $8,000 per minute, they are burning $480,000 per hour or $11,520,00.00 per day. Tesla is due to run out of their available (already borrowed cash) by August at the current burn rate.

Assuming Musk can sell 300 Model 3 cars per day in the near future, that still won't bring in enough revenue to cover his $11.52 million cash per day burn rate....

Back in September, Tesla had a market cap of nearly $64,000,000,000.00. When the stock market opens on Monday, the market cap will be under $45,000,000,000.00, and that's before an anticipated additional stock drop.

When the official Model 3 production numbers for the 1st quarter are announced next week, don't look for things to improve for Tesla after last week's ominous recall of Model X's and the the company finally admitting (after the markets were closed for Good Friday) that the AutoPilot was engaged at the time of the recent crash.

Would you lend money to this company?

Hmm, Tesla caught a rebound, production came in higher than expected (didn't hit their goal but was still up over what was predicted)

The driver of the X had his hands off the wheel, a big no no. It sucks that he died but another driver that had a similar issue in the same spot was able to avoid dying because he had his hands on the wheel. In the end, the fault is going to be on owner of the vehicle, sucks for his family but that's what happens when you don't operate your vehicle properly.

Market cap is currently at $51.6 billion.

Would I lend Telsa money? Hell yeah, the cars are in demand, the batteries the factory is producing are in demand, the solar panels they produce are in demand. Nothing is sure in this world but the odds are favorable.