I also believe Costco has inventory on consignment. The vendor gets paid for what sells, so totally different business model than Walmart. I've seen people return half eaten apple pies for that reason.
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I also believe Costco has inventory on consignment. The vendor gets paid for what sells, so totally different business model than Walmart. I've seen people return half eaten apple pies for that reason.
From a search for Costco's business model:
Costco's business model is smarter than you think
Why Costco's business model is so great
Costco: Breaking all the retail rules
Fascinating facts about Costco
Like one comedian said, "If you want to cook something with cheese, go to the grocery store. If you want to build something out of cheese, go to Costco."
I do it to give back to a site that provides tremendous value to me and I think many others on this forum.
This...plus it's nice to have everything culled together in one spot. I'm all for citing sources, but for brevity, as long as Electrek remains reliable I'm happy to link it.
Kenriko
Former Vendor
Not different at all: DSD is a thing in pretty much all retail (I used to work for a Supermarket Distributor). For example Pepsi and Coke, almost all Beer etc.. Is DSD (on "consignment" as you say). They pay for shelf space and the market gets a cut for selling the product.
Most Supermarkets run on ~2% profit margins but individual products might have higher or lower margins (Generally Produce is 30%-50% to account for waste).
Ugh. I feel any stamping going on is my stamping out misinformation:
Mr. Jonas may - or may not - be correct, but he is wrong. That is, Mr Musk did NOT highlight...items such as stamping dies, as being "riskiest items".
Rather, Mr Musk very specifically said that those are the two remaining long lead items yet to be finalized; he also qualified that by saying "there are a lot of machine shops in the world" and that the six months remaining were sufficient to take care of that. He then said "If Schuler meets their timeline for bringing the stamping press in, then I feel pretty good about the schedule." Schuler is the manufacturer of the extant presses Tesla inherited from NUMMI as well - those monstrous Terminator-killers all of us have seen on tours or in videos.
Now I have to sign off. Too much occurred while I was goofing off in Nevada!
I did, but didn't really think it significant in any way - after taxes it's probably enough money to buy a fully loaded Model X.
Do you think it significant?
Note 1 on the Form for this transaction:
"1. The sale transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2016"
Nothing to see here, this transaction was planned back in September...
Per CNBC, Elon is heading in to Trump Tower ATM...
Hogfighter
Professional Lurker
I think we are all patiently waiting on pins and needles for your trip report. Take care of what's important, but your minions are silently staring at you......
This was mentioned first on Seeking Alpha, but has anyone given thought to whether Tesla might switch over all 2170 cells to NMC?
1. Other manufacturers are using NMC in their EVs.
2. NMC energy density may have advanced enough that Tesla could use it in the Model 3, whose largest battery pack may be 80kWh(?)
3. This puts Elon's statement of "a battery pack larger than 100kWh is probably not necessary" into more context
3. NMC is far more amenable to high-C charge rates, the likes of which Elon recently alluded to.
4. NMC would allow more synergy between TA and TE products, the raw materials required, and the machine lines to produce those products.
Thoughts?
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MitchJi
Trying to learn kindness, patience & forgiveness
Please post a link to the audio file! That's easier for you than doing a transcription and better for us!
Maybe via @FredLambert of electrek. That would help Fred and be easier for you.
Just chemistry changes. It's relatively easy to switch between the types of cells produced.
I don't think NMC has advanced sufficiently. Assuming 20% improvement in chemistry on NMC (which the Powerpack/Powerwall 2 suggests) vs 0% improvement for NCA, a 21-70 with NMC should have around 13 Wh/cell while a NCA cell should have 18 Wh/cell. In this scenario a Model 3 using 4000 cells would have 72 kWh with NCA but only 52 kWh with NMC. That's what NMC allows, optimistially.
(Of course, NMC isn't the same as NMC.
Tesla could go for two different NMC-chemistries. One optimized for durability for TE and one optimized for energy density for TA. But then again, why then drop NCA?)
racer26
Active Member
Not only was it planned back in September, but it's simply an exercise of 2500 shares worth of options with a $29.66 strike price, and then selling off those shares.
He still owns the same 166,646 shares of TSLA common that he did before this transaction, and now owns 22,500 of the derivative options that he exercised 2,500 of here. These options expire in June 2019, and he must use them before then. His profit on this transaction was about $450,000. Likely just taking some profit on the options to live off of.
erthquake
Active Member
He's meeting with Bannon and Miller. Miller's been tapped to write his inauguration address. Maybe Musk is helping with speech content wrt to renewables and US manufacturing?
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