Posted on 05/23/2019 9:39:00 AM PDT by Moonman62
As Wall Street analysts worry that demand for Tesla vehicles is waning, CEO Elon Musk told employees that the company has received more than 50,000 new orders this quarter.
That number was disclosed to all Tesla employees in an email sent late Wednesday, a copy of which was viewed and confirmed authentic by Business Insider. Musk also added that the company could surpass its vehicle delivery record of 90,700 which it set in the fourth quarter of 2018.
(Excerpt) Read more at businessinsider.com ...
Yes, if you lose money on every vehicle you sell, customers will be eager to buy them. The trick is to get the customers to buy at a price where you can make a profit.
Date: May 22, 2109
To: Everbody
As of yesterday we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history!
In order to achieve this, we need sustained output of 1,000 Model 3′s per day. Almost all parts of the Model 3 production system have exceeded 1,000 units on multiple days (congratulations!) and we’ve averaged about 900/day this week, so we’re only about 10% away from 7,000/week.
If we rally hard, we can do it!
Thanks for your hard work
Elon
Demand for customers is high?
I like the Tesla, it is a good concept. The only issue I have is if you have a little accident you could be waiting a year for a part.
My understanding the Tesla are still somewhat hand built, meaning a part for one might not fit the next one without major adjustments. There a YouTube video out there where a fan goes over the cons of a Tesla.
I believe the insurance will cost a bunch too since they are quick to total a Tesla compare to a regular car due to repair cost.
1. Delivered a record 90,700 vehicles in the fourth quarter of 2018
2. 50,000 new orders this quarter
I presume that is for the first six weeks of the second quarter of 2019; that would put them on track for maybe 100,000 - 120,000 new orders in Q2. If orders are very nonlinear (like many industries), maybe new orders could be 120,000 - 130,000.
Of course, orders could collapse with all the negative attention and they might hit 70,000 to 80,000 for Q2.
It’s a very uncertain outlook
I was reading that the electrical grid cannot support more than three Teslas in any neighbourhood, because the capacity of the grid becomes unable to supply electricity.
“it is a good concept”
Why do you think it is a good concept? It’s a virtue signaling toy for high income people.
Why is everyone bashing Tesla and Elon Musk here?
He’s everything we want- self-made millionaire and capitalist.
(Yes I know where he got some of his money- but his competitors could have done that too, and didn’t)
He has accomplished a lot, but has a lot of problems:
1. Mental stability
2. Toking dope on tv
3. Fast and loose in public with secret financial data —> illegally pumping the market.
4. Failure to deliver on his gigafactory promises to New York State
5. Building an enterprise that depends almost 100% on federal tax subsidies, i.e., OUR MONEY.
6. Failing to build a spare parts inventory and repair network that can get broken vehicles fixed quickly.
Indeed. It's interesting that Tesla started out building great looking cars that weren't obviously electric. But recently, everything they build has been seriously uglified as if their potential customers believe in the concept that an efficient car must be strange looking and/or ugly.
Hence cars like the Leaf, the Prius Prime, the BMW i3, and others assault the eyes, as their owners congratulate themselves for showing the world how concerned they are.
My co-worker has one, according to him he is saving money on gas. He is comparing his electric bill to his gas bill.
As far as high income people, I do not get it. Where does high income start at? I see people making 50K a year driving 30K something trucks in my area.
The entry level is $35K. My coworkers is loaded for $52K.
When new tech first come out it is going to cost a bunch. As a kid I remember my family getting there first color TV in the late 70s, color TV had been out for a very long time by then. We were dirt poor and could not afford those rich people tools. Now Color TVs are now dirt cheap.
If Tesla makes it, the electric car will be affordable. If not some other car company will take that Tech and move to the next level making it affordable and feasible. Capitalism is great....
That will be the downfall of Tesla as a company.
Elon Musk needs to step down, and let business people run the company. I do not think the subsidies should be there, if Elon ideas are great he should be able to find investors.
The only reason that it seems like a good concept, is because of a lack of understanding of how environmentally friendly hydrocarbons really are.
The by-products of hydrocarbons is hydrogen, oxygen, water, and plant food.
Does that really sound bad to you?
The only people who are benefitting from Teslas are those who own Tesla shares and you can be sure that many, who own these shares, are the politicians themselves.
Using government to force the population to buy by the millions goes back to Hitler, when he was making billions, in 1930’s deutschmarks, by giving every newly turned 18 year old a copy of Mein Kamf and putting his image on postage stamps and taking a royalty from each one.
It’s the cronyism makes me sick. Our damned stupid school district has used the “free money” argument (i.e., our state and federal tax dollars) to justify the installation EV chargers and solar panels at all of the schools. It was a HUGE expense. Their excuse? “We must get the grant money.” Of course, the school had to pony up a big share of its own money to grab the federal / state money. There is no way a teacher can afford and EV, so the chargers sit there doing nothing.
In the past, new industries did not require huge federal subsidies from here to Kingdom Come to survive. Without subsidies, the entire global warming scam collapses and, along with it, windmills, solar plants, and EVs.
This ISN’T capitalism. It is corporatism.
The Hyundai electrics are normal-appearing and relative bargains.
EVs main problem is that at their selling price a similar IC or hybrid can be had with enough left over for at least 100k miles of expensive gas and maintenance.
Where I do support batteries, in a car, is an an assist to help smooth out where more gas might be burned as usual, such as hills or from a stand still at a light.
However, batteries are not able to replace hydrocarbons.
I know Tesla ships a “portable” 110V charger that plugs into any standard outlet with every car. You can buy/have installed a 220V wall charger that will pull 32-80 amps of power based on the car it is charging.
I could see how in older neighborhoods that could be a issue. On the low end it is like a dryer, however once a dryer reaches temp it cycle on and off for maybe a 45mins-1 hour. A Telsa will potentially be like running 3 dryers, plus whatever loads (A/C, range, etc.) for several hours. In one house, probably no big deal, but if several houses on the same transformer do it, I can see the potential for problems.
And this is an upper middle class suburb of one of the nation's most important cities....a suburb surrounded by very *wealthy* towns.
High demand? Not that *I've* noticed.
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