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2017 Investor Roundtable:General Discussion

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According to this South Korean publication's article Samsung SDI contract for 129 MWh worth of battery cells for SA high profile Hornsdale Power Reserve battery was worth $33M, or $256/kWh. This is very high price, and might be the reason for negative TE margin. Scaling up Tesla/Panasonic internally produce cells can't come soon enough!

Samsung SDI on December 5 that it signed a contract with Tesla to supply cylindrical batteries in its energy storage project in South Australia. The size of the contract is estimated at US$33 million.
 
According to this South Korean publication's article Samsung SDI contract for 129 MWh worth of battery cells for SA high profile Hornsdale Power Reserve battery was worth $33M, or $256/kWh. This is very high price, and might be the reason for negative TE margin. Scaling up Tesla/Panasonic internally produce cells can't come soon enough!

Wouldn't the cost and revenue be recognized together upon completion in 4Q17?
 
According to this South Korean publication's article Samsung SDI contract for 129 MWh worth of battery cells for SA high profile Hornsdale Power Reserve battery was worth $33M, or $256/kWh. This is very high price, and might be the reason for negative TE margin. Scaling up Tesla/Panasonic internally produce cells can't come soon enough!

Article says "The size of the contract is estimated at US$33 million." What is their basis for that? kWh * average cell price?? There's a lot of figures resulting from that number...
 
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Source: Andrej Karpathy on Twitter

- The NIPS conference has become the AI hiring event of the year
- Big tech firms like Google, Facebook, and Microsoft send armies of people to try to find machine learning experts to join their ranks
- Salaries on offer often run into the hundreds of thousands of pounds.

It is interesting that Jim Keller will be there as well. I hope that this event will be recorded.
Was this recorded? Did they talk about autonomous driving at all?
 
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Info on Ampera-E (GM-Bolt) from a German EV blog:

Opel-Elektroauto Ampera-e: 10.000 Euro Verlust pro Verkauf? - ecomento.de

Translation via DeepL Translator


Only a few months after the takeover of the German car manufacturer Opel, the French PSA group is to reclaim half of the purchase price from the former owner General Motors. According to media reports, PSA feels deceived by Opel's exhaust gas strategy - which is much more expensive than it was promised. In order to comply with increasingly stringent environmental laws worldwide, many manufacturers are increasingly relying on electromobility - including Opel. The plan to comply with future exhaust emission regulations of the Rüsselsheim-based company will depend to a large extent on high sales figures of the Ampera-e compact electric car - the problem: The model based on General Motors technology apparently leads to losses of almost 10,000 euros per vehicle sold. Their technical solution was unprofitable and would have resulted in enormous losses,"said an insider from Reuters news agency. Stopping the production of the electricity would, however,"explode" the exhaust gas values of the fleet. PSA now accuses General Motors of playing down Opel's CO2 problems during the contract negotiations. PSA CEO Carlos Tavares and Opel Managing Director Michael Lohscheller presented a future plan for the traditional German brand in September, focusing on a "leading role in CO2 values". In the future, Tavares wants to rely on its own electrical engineering for all Group brands, and the recently launched Ampera-e is therefore likely to be on the siding. However, even with numerous locally emission-free electricity sales, PSA could be subject to severe penalties for purchasing Opel because of excessively high CO2 values. Starting in 2021, a manufacturer's new car fleet in Europe will only be allowed to emit a maximum of 95 grams of CO2 per kilometer on average. The limit is to be tightened again by 2030 - manufacturers who fail to meet the targets face hundreds of millions of fines. According to Reuters, Opel could miss the CO2 targets by more than ten grams - far more than the "slight overshoot" mentioned in the sales negotiations.
 
Not sure if already discussed, but if EV incentives are going away, what are chances or higher than normal S/X sales for Dec in US?

Not good. There is just no inventory available for last minute purchases. Tesla has been bringing down inventory levels since October. If you want an inventory car now, there are very slim pickings. However, if Tesla decided to sell every demo and loaner car they have in the USA, it could goose 4Q sales by probably 3K cars if it was confirmed that the tax credit is gone in 2018.
 
Not good. There is just no inventory available for last minute purchases. Tesla has been bringing down inventory levels since October. If you want an inventory car now, there are very slim pickings. However, if Tesla decided to sell every demo and loaner car they have in the USA, it could goose 4Q sales by probably 3K cars if it was confirmed that the tax credit is gone in 2018.

They could sell every loaner in the fleet. And replace them next month. Wait, I think they already did that. Could have a couple thousand that would qualify for incentives.
 
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