Posted on 09/26/2012 8:39:15 AM PDT by Cincinatus' Wife
Tesla Motors Inc., the electric-car maker led by Elon Musk, fell the most in two months after cutting its revenue outlook for the third quarter because of supplier shortcomings and other delays in the production of its Model S sedan.
Tesla slid nearly 10 percent to $27.64 Tuesday after the company said in a regulatory filing that it expects to generate $44 million to $46 million in third-quarter sales, compared with analyst estimates of $83.1 million.
..........Already the company's largest shareholder, Musk may buy 33,311 more shares, the company said in the filing. Tesla, whose investors include Toyota Motor Corp. and Daimler AG, said it now expects to exceed its plan to produce 20,000 of the electric cars next year, when it projected it would earn its first profit.
The company amended its loan agreement with the U.S. Energy Department and may need to do so again if it fails to raise enough money from investors. Tesla plans to begin repaying its Energy Department loans in the fourth quarter.
(Excerpt) Read more at sfgate.com ...
Not instinct. Payback.
If stuff goes through the crapper again, you can’t guarantee they won’t raise the car price on you AFTER the fact, like they did before.
Would you risk parking it in your garage overnight, charging?
I think the harassment of supposed save the earth people, who have yet to walk the walk, must now begin. Hoist them on their own eco-pitards.
Have the fixed the problem where if the battery fully discharges, the car becomes a worthless brick?
Yes, that one’s fixed. Not the most elegant fix tho’... the controlling software will now shut down the car if the battery charge falls too low. So you have a useless brick until you can get it charged up. It does give a warning prior to shutdown to give you time to hopefully get to a place where you can charge it.
“Tesla plans to begin repaying its Energy Department loans in the fourth quarter.”
Right.
And I expect to nab the next Noble prize in physics.
Thanks. That would seem prudent. :)
But, as you indicate, it doesn’t really fix the problem. It will make it less likely, but it still can happen.
thanks for the info.
Reader’s Digest version of story:
Tesla Motors, Inc., maker of the world’s most expensive golf carts, lost 10% of its value yesterday when it missed its revenue projections by 50%. Nonetheless, there’s still plenty of money left from the original taxpayer loan from the Department of Energy to make additional contributions to Obama’s re-election campaign. In other news, the sun rose this morning over the Atlantic coast.
Imagine the caterwauling when the purchasers of the VOLT, Leaf, Prius, Honda EV, etc. go to trade them in when the batteries are going bad and out of warranty.
They will probably have to pay the dealers to take them.
That will be the true test of their "Greenie" credentials.
No, it starts out as a worthless brick. The battery problem is just frosting on the brick.
Hmmm, isn’t that a known issue with lithium batteries, though? If they discharge all the way, they’re worthless. Cell phone chargers have circuitry to prevent this already, AFAIK.
“....Tesla built the Supercharger network, which can take a Model S from flat to full in an hour, in secret at six locations in California. Those solar carports, which look a little like regular filling stations, will be switched on next month and the car company is planning more in “high traffic corridors” across the US and in Europe and Asia in the second half of next year.
But even for Model S owners, the network comes with a catch. The rapid charging from the carport will take its toll on the lithium-ion batteries in the vehicles, so the Supercharger is only for occasional use....”
http://www.theregister.co.uk/2012/09/26/tesla_supercharger_network/
Is Tesla located in Pelosi’s district in NorCal?
I don’t know, but my buddies daughter just put down a 5 grand deposit on a Tesla SUV that isn’t even coming out until 2014.
PT Barnum continues to be right.....
"...Energy
In 2005, Eshoo worked with Nancy Pelosi to develop the Democratic Innovation Agenda, which calls for America to achieve independence from Middle East oil over the next ten years. She has led efforts to raise fuel standards for automakers, and pursued reliance on alternative energy sources both in California and nationally. Legislation includes:
* H.R. 6, Creating Long-Term Energy Alternatives for the Nation (CLEAN) Energy Act, co-sponsor - Repeals $14 billion in subsidies to the gas and oil industries, and commits that money to renewable resources.
* H.R. 1506, Fuel Economy Reform Act, co-sponsor - Raises fuel economy standards, with a target goal of 35 miles per gallon by 2018.
* H.R. 1590, Safe Climate Act, co-sponsor - An emissions reduction bill which includes a provision calling for 20% of all electricity generated in the United States to come from renewable resources by 2008.
* H.R. 550, Securing America's Energy Independence Act, co-sponsor - Extends tax credits for homeowners and business using solar energy.
* S. 2598, Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act - Temporarily suspends filling of the Strategic Petroleum Reserve, in order to lower the cost of petroleum to consumers.
* H.R. 6074, Gas Price Relief for Consumers Act - Authorizes lawsuits against oil cartel members for price fixing.
* H.R. 1742, A bill to establish a program to deploy and integrate plug-in electric drive vehicles in multiple regions, which was ultimately incorporated into the body of H.R. 2454, the American Clean Energy and Security Act, which was the primary energy bill for 2009.
Click here to download a copy of Eshoo's floor statement on H.R. 3321, the New Direction for Energy Independence Act."...Source
“SpaceX’s Falcon-9 Dragon successfully lifts off to resupply ISS” [One of 9 Engines “shuts down”]
http://www.freerepublic.com/focus/f-news/2941716/posts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.