Actually I didn't see convincing proof that P85D range issue gets resolved in latest firmware update. http://www.teslamotorsclub.com/showthread.php/40722-P85D-efficiency-up-after-6-1/page14
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I think this is pretty reasonable set of assumptions, although I really hope it is more like 55-60K. CPO may be interesting add to revenue numbers - especially if (as Jackl1956 said) that they are able to put some upgrades in (TACC, seats, D even?).
It is clearly not conclusive. However, it is encouraging that no one is getting worse range and some are getting better range. The description of the range mode, however, is why it appears to me that it has been released on some level at least into that option. But there is no official announcement and it is not in the release notes so it is hard to tell what Tesla is doing here and what is going on with the software updates.Actually I didn't see convincing proof that P85D range issue gets resolved in latest firmware update. http://www.teslamotorsclub.com/showthread.php/40722-P85D-efficiency-up-after-6-1/page14
It is clearly not conclusive. However, it is encouraging that no one is getting worse range and some are getting better range. The description of the range mode, however, is why it appears to me that it has been released on some level at least into that option. But there is no official announcement and it is not in the release notes so it is hard to tell what Tesla is doing here and what is going on with the software updates.
Anyone know what CPO program gross margins are for other car companies?
I'm not sure if I missed something here. The screenshot from .113 shows different language from the .139 screenshot.In the range thread-- it said that the torque optimization description was present already.
Received a response from Jerome on a few things. (Jerome seems to be the go to guy for answers these days)
Most notably:
"
Torque sleep and improved range for Dual Motor vehicles is included in versions 2.2.139 and later regardless of the selected Range Mode setting. However, the amount of this improvement will be increased by enabling Range Mode which has other vehicle control modifications in addition to the HVAC behavior."
So, no more complaining about it only working in range mode.
Positive news on how the future will look, - from Tesla Facebook:
"We opened our largest Supercharger Station in Europe in Køge, just south of Copenhagen, Denmark. It has 12 Superchargers and is the first one in Europe with a solar canopy."
20 Km from home
Anyone know what CPO program gross margins are for other car companies?
I suspect it's going to be very hard to compare Tesla's CPO to other manufacturer's. The way it works for most other manufacturer's is dealers buy cars, dealer and manufacturer agree on what cars they bought should be handled as a CPO vehicle, dealer technicians carry out required inspection and any remedial work on the vehicle, dealer submits paperwork to this effect to manufacturer and manufacturer provides a warranty for the car, dealer sells the car (which may have price limits as agreed with the manufacturer), dealer pays a fixed or percentage of the sale price to the OEM.
Depending on the last bit the OEM might have more upside based on what the car sells for or may not. But in general they almost certainly have floors to limit their risk (beyond the limits provided by the inspections/remedial work) on the warranties. The dealer ends up bearing a significant amount of the risk here since if they can't sell the vehicle for more than what they paid for it, put into it in inspection, remedial work and the floor for the CPO program they lose money.
With Tesla they are all the parties so their potential upside should be higher since they're taking all the risk. But they also are taking all the risk of the potential downside that they can't sell the car for more than they put into it. On the other hand Tesla is shipping all the cars back to California for inspection/remedial work and probably just ships the car from there to the owner meaning they have a broader market available to ensure they can sell the vehicle. Other OEMS/dealers could move cars around to maximize profit as well, but I suspect it's not as much of their business model as it would be with Tesla.
The reason I ask is that TM is not getting the full 25+% GM on new car sales with the trade in value taken off and I doubt there is a 25%+ margin on CPOs. If true, should TM just get out of the CPO business?
For the last three trading sessions, anyway, seems like 20 minutes before the end of the session is a good time to sell your TSLA if you're hoping to maximise profit.
Looks like there are some nervous winners out there who like to take profits after that boundary line.
The reason I ask is that TM is not getting the full 25+% GM on new car sales with the trade in value taken off and I doubt there is a 25%+ margin on CPOs. If true, should TM just get out of the CPO business?
For dealers used cars usually have more margin than new. CPO has more margin than non-CPO used cars. New typically is a very tiny margin or basically at cost with the hope of selling extras (warranty, paint protection, service plans, etc). Based on what people have been saying most of the trade valuations they've been giving are low compared to the normal wholesale market. So I don't think it's impossible for Tesla to get 25% margin on CPO cars. I'd bet on something more like 10-15% though, 20-25% seems like a stretch to me though.
This is why I asked the original question. I suspect TM gets a much larger margin on high dollar new car sales (versus dealers) and lower margins on used/CPO, less costly cars (versus dealers). Why not just let the market set the price for the used cars moving forward and focus on producing new cars?
The VAST majority of vehicles do not achieve the ranges provided on the stickers..