And how do you know SpaceX has the money to buy these so called bonds? Do you have a link to SpaceX financials? Since it's private company you must have some inside information on their financials.
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Production rate reveal... and a new announcement?
- Thread starter jkirkwood001
- Start date
And how do you know SpaceX has the money to buy these so called bonds? Do you have a link to SpaceX financials? Since it's private company you must have some inside information on their financials.
ℬête Noire
Active Member
1800/week is very optimistic but possible, 1500/week is reasonably optimistic (that's where I'm hoping it'll hit).
To hit 5K on the Month they'd have to have averaged about 1K/week the first 3+ weeks of the month AND hit 1800 fully in the last week. 6K would required about 1300/week average to start + 1800 the last week. Doing so while they ended February doing what appears to be sub-1000/week. 6K is not "optimistic", that's crazy town. *shrug*
The hope I have that after the turn-around in February they were able to put things back together by the 3rd week of March and then go near flat out the 4th 200+800+850+900+1450 is where I came in at 4200. If they hit that a proper 1450-1500 the full last week that's pretty good news (similar good news would be about "extrapolate 1800/week" type burst number).
Their official target was 2500/week, as mentioned above 60% of that is pretty good for Tesla which works out to 1500/week.
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Agree. Just to elaborate, Elon is late against his own estimates, but they are so aggressive, he is still early with respect to the market.
Elon could borrow $2B against his own Space-X stock to buy any Tesla bonds issued. This is a man who when push came to shove, threw in every singe thing he owned, risking his entire net worth, in an attempt to save both Tesla and Space-X in 2008/2009.
He said this was insanely difficult, because by trying to save both instead of just one, he was risking the survival of both and losing his last $1M. So the short thesis is that this man would just let Tesla die?
First Elon would need to find somebody to by those shares, SpaceX has already sold shares in the company last August and November, so you sure there is enough interest to buy that many Shares. And if Elon sold that many shares would he lose controlling interest in SpaceX?
Hot damn, they broke 2,000 last week! No capital raise needed this year!
Tesla Q1 2018 Vehicle Production and Deliveries
PALO ALTO, Calif., April 03, 2018 (GLOBE NEWSWIRE) -- Q1 production totaled 34,494 vehicles, a 40% increase from Q4 and by far the most productive quarter in Tesla history. 24,728 were Model S and Model X, and 9,766 were Model 3. The Model 3 output increased exponentially, representing a fourfold increase over last quarter. This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T.
We were able to double the weekly Model 3 production rate during the quarter by rapidly addressing production and supply chain bottlenecks, including several short factory shutdowns to upgrade equipment.
In the past seven days, Tesla produced 2,020 Model 3 vehicles. In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles. It is a testament to the ability of the Tesla production team that Model 3 volume now exceeds Model S and Model X combined. What took our team five years for S/X, took only nine months for Model 3.
Given the progress made thus far and upcoming actions for further capacity improvement, we expect that the Model 3 production rate will climb rapidly through Q2. Tesla continues to target a production rate of approximately 5,000 units per week in about three months, laying the groundwork for Q3 to have the long-sought ideal combination of high volume, good gross margin and strong positive operating cash flow. As a result, Tesla does not require an equity or debt raise this year, apart from standard credit lines.
Q1 deliveries totaled 29,980 vehicles, of which 11,730 were Model S, 10,070 were Model X, and 8,180 were Model 3. Net orders for Model S and X were at an all-time Q1 record, and demand remains very strong. Model S and X customer vehicles in transit were high. 4,060 Model S and X vehicles were in transit to customers at the end of Q1, which was 68% higher than at the end of Q4 2017. An additional 2,040 Model 3 vehicles were also in transit to customers. These vehicles will be delivered in early Q2 2018, which keeps us on track for our full-year 2018 Model S and X delivery guidance.
Finally, we would like to share two additional points about Model 3:
Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
PALO ALTO, Calif., April 03, 2018 (GLOBE NEWSWIRE) -- Q1 production totaled 34,494 vehicles, a 40% increase from Q4 and by far the most productive quarter in Tesla history. 24,728 were Model S and Model X, and 9,766 were Model 3. The Model 3 output increased exponentially, representing a fourfold increase over last quarter. This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T.
We were able to double the weekly Model 3 production rate during the quarter by rapidly addressing production and supply chain bottlenecks, including several short factory shutdowns to upgrade equipment.
In the past seven days, Tesla produced 2,020 Model 3 vehicles. In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles. It is a testament to the ability of the Tesla production team that Model 3 volume now exceeds Model S and Model X combined. What took our team five years for S/X, took only nine months for Model 3.
Given the progress made thus far and upcoming actions for further capacity improvement, we expect that the Model 3 production rate will climb rapidly through Q2. Tesla continues to target a production rate of approximately 5,000 units per week in about three months, laying the groundwork for Q3 to have the long-sought ideal combination of high volume, good gross margin and strong positive operating cash flow. As a result, Tesla does not require an equity or debt raise this year, apart from standard credit lines.
Q1 deliveries totaled 29,980 vehicles, of which 11,730 were Model S, 10,070 were Model X, and 8,180 were Model 3. Net orders for Model S and X were at an all-time Q1 record, and demand remains very strong. Model S and X customer vehicles in transit were high. 4,060 Model S and X vehicles were in transit to customers at the end of Q1, which was 68% higher than at the end of Q4 2017. An additional 2,040 Model 3 vehicles were also in transit to customers. These vehicles will be delivered in early Q2 2018, which keeps us on track for our full-year 2018 Model S and X delivery guidance.
Finally, we would like to share two additional points about Model 3:
- The quality of Model 3 coming out of production is at the highest level we have seen across all our products. This is reflected in the overwhelming delight experienced by our customers with their Model 3's. Our initial customer satisfaction score for Model 3 quality is above 93%, which is the highest score in Tesla's history.
- Net Model 3 reservations remained stable through Q1. The reasons for order cancellation are almost entirely due to delays in production in general and delays in availability of certain planned options, particularly dual motor AWD and the smaller battery pack. As described above, owner happiness with the product is extremely high.
Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
ℬête Noire
Active Member
BAM.
Okay, okay. Maybe "Tesla does not require an equity or debt raise this year, apart from standard credit lines" means they have to find some way to refund their bond issue, but perhaps the assumption is Elon will fund this via SpaceX, i.e. no new investors needed.
Still, a promising production figure, promising production quality, promising mid- and long- financial situation. Hard to beat. (Thanks for this @Andrew)
Okay, okay. Maybe "Tesla does not require an equity or debt raise this year, apart from standard credit lines" means they have to find some way to refund their bond issue, but perhaps the assumption is Elon will fund this via SpaceX, i.e. no new investors needed.
Still, a promising production figure, promising production quality, promising mid- and long- financial situation. Hard to beat. (Thanks for this @Andrew)
Hot damn if it was any other company than Tesla then the line would be:
"At least 6 months behind schedule and production targets missed again, still no chance to relieve the crushing debt"
Right. There are currently few articles about Tesla missing targets, going bankrupt, cash burn, etc.
(sarcasm)
JBare
Member
I'm excited to see how many of those were delivered in US vs exported. I'm selfishly hoping we get a lot of Canadian Model 3 deliveries this quarter so I might have a shot at the credit when I tentatively take delivery of my SR in Q4....
voip-ninja
Give me some sugar baby
Tell that to Facebook when they lost $300M of satellites in 2016 when Falcon 9 exploded on takeoff.
Musk is a visionary and clearly one of the most capable entrepreneurs of the 21st century.
Your complete hero worship of him is nauseating.
ℬête Noire
Active Member
Has anyone in Canada gotten a VIN? They only started getting invites about a week ago so quite possible those configs have barely started making it to the factory floor portion of the pipeline.
JBare
Member
Sorry, I meant the S/X exports vs domestic. I doubt any of those Model 3s left the states. I'm hoping that changes big time over the next 3 months
omgwtfbyobbq
Active Member
FB didn't lose anything AFAIK. They had a contract to lease capacity from the owner, Eutelsat, but I'm sure there are provisions for problems with the satellite in their contract. The satellite was insured for $300 million.
SpaceX Explosion Draws Attention to Insurance for Rocket Science
voip-ninja
Give me some sugar baby
Yeah, I know it was insured.
It was more of a response to Musk "always delivering". He has promised many things that he has been unable to deliver. I'm a fan of his, but not a sycophant.
ℬête Noire
Active Member
Ah.
Given how widespread the Canadian invites appeared to already be last week, decent guess that any M3 reservation holder willing to buy a 1st Prod unit will have their's by sometime in July.
omgwtfbyobbq
Active Member
When you say promised, do you mean that Elon said "I promise to do... blah blah blah.", or just that he says "Blah blah blah... will happen." ?
voip-ninja
Give me some sugar baby
I imagine he's smart enough not to use the world "promise" when he is effectively making a promise by saying something will be delivered at a certain date and time and in a certain condition.
The death was the result of the car running head on into a guard rail while in AP. I highly doubt any AP level 5 will ever be approved without Lidar. Cameras are too limited to be the only information source. The combination of both Lidar and Cameras are needed to be safe. Lidar would of seen the victim of the UBER death long before any camera could of identified the danger. It would of also added information about the road in the Tesla death that may of saved the drivers life.
The bar will be held much higher for any self driving car than for a person. Even though the stats show humans are much more likely to cause an accident. The public has no appetite for a machine killing someone but will tolerate a person killing someone in a car accident.
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