If they do it right they should be able to satisfy about 200,000 units in 3 quarters which is almost half of the reservations. Note that not all reservations are from the US so everyone might be available for the tax credit at 100%. Here in Canada we got over 40,000 reservations so it's looking good for you guys.
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If they do it right they should be able to satisfy about 200,000 units in 3 quarters which is almost half of the reservations. Note that not all reservations are from the US so everyone might be available for the tax credit at 100%. Here in Canada we got over 40,000 reservations so it's looking good for you guys.
He stated that he believes it could be achieved but that it may not be advisable to do so.
JohnSnowNW
Active Member
SageBrush
REJECT Fascism
Elon said on the call Tesla have made production hires that will be announced. My guess is that he is doing his, now classic, move of taking the lead because "no one else can do it".
If you recall just recently VP of vehicle engineering left as well. Therefore it's not two by three execs.
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igotzzoom
Active Member
EXOTIC1
Member
I love this.
I get the bump in stock price, which is part of my savings plan for my PXXD-L Model 3.
Maybe this announcement will help pay for an option or 2.
huh?
the announcement did nothing
the stock dropped $10 per share today
timk225
Active Member
500,000 cars by 2018... I'm eager to see them do well and expand capacity, but this? Damn.
That is a hell of a lot of work to do, and I know nearly nothing about all the stuff that has to come together to make this possible.
Maybe they should have said 2019 instead of 2018, for some breathing room, but maybe they know things we don't yet. Maybe they bought an east coast manufacturing facility to have a second assembly line running.
Maybe they are really cracking the whip on the suppliers, giving them an all or nothing scenario, and how bad do they want to make lots of money?
We will see, I hope it works out as well as they are predicting.
That is a hell of a lot of work to do, and I know nearly nothing about all the stuff that has to come together to make this possible.
Maybe they should have said 2019 instead of 2018, for some breathing room, but maybe they know things we don't yet. Maybe they bought an east coast manufacturing facility to have a second assembly line running.
Maybe they are really cracking the whip on the suppliers, giving them an all or nothing scenario, and how bad do they want to make lots of money?
We will see, I hope it works out as well as they are predicting.
BluestarE3
Active Member
ttupper92618
Member
Genshi
Member
I think the larger implication for a lot of the buyers is that a: they can plan accordingly and expect to receive a car between 1/1/18 and 1/1/19, and b: that the full tax rebate for US customers could extend to ALL of the queue as it currently stands if they time it right. If not, they could still potentially clear the whole queue at 100% or 50% of the tax rebate.
I'm guessing that alone might cut a significant percentage of the potential cancellations. I'm guessing I'm not the only one that reserved a Model ≡ to try to get that credit before it's gone. Not to say I won't still buy the car if I can't get it, but it's a much harder sell for people who can only barely consider a $35k car, but consider $27,500 manageable.
I'm guessing that alone might cut a significant percentage of the potential cancellations. I'm guessing I'm not the only one that reserved a Model ≡ to try to get that credit before it's gone. Not to say I won't still buy the car if I can't get it, but it's a much harder sell for people who can only barely consider a $35k car, but consider $27,500 manageable.
EXOTIC1
Member
it is ? i'm not seeing a recovery of $10 after hours
Tesla’s Losses Widen on Lower-Than-Expected Deliveries
ttupper92618
Member
Elon sets crazy goals - that is by now a well understood aspect of his character. It's better to fail at something totally audacious and land on the shores of awesome... Than to shoot for good and land on mediocre.
ttupper92618
Member
It's been all over the place after hours. Currently up over $5. At one point it was up almost $13.
It should be interesting in early trade tomorrow.
BluestarE3
Active Member
Scotty was a pessimist... always reluctant to push his warp drive engines. If Kirk were like Musk, he would have fired Scotty.
dhanson865
Well-Known Member
Too high, they max out at 500,000 a year in Fremont in 2018, meaning 125,000 a quarter max. No way they'll do 200,000 in a quarter at Fremont.
I won't comment on accuracy of the phaseout numbers, They may get out Model 3s in Q4, 2017 to offset your overly large Q4 2018 so the rest may be a wash. Depends on when the 200,000 trigger occurs.
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