Shorts at work. Where are the "there will be blood lawyers" when we need them ....
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Thanks for that perspective. Still lots of questions though. The whole adapter approach and how they control it is interesting.At the risk of lowering the bar on learned members.
Opening up Superchargers will raise the utilisation rates marginally and make supercharging itself marginally more profitable, in turn funding further expansion.
Outside of China, Tesla will probably scale vehicle production faster than most others, and demand is currently not a problem. Inside China, Tesla is already adhering to the Chinese standard.
Eventually the whole world will have very good fast charging options everywhere were they are needed, owning the network and building it, means that others may build less. Not doing it, means others will build more,
It may be a moat, but it is a moat that can easily and quickly be filled in,
Eventually I think CSS will be supported for most cars in most countries, if Tesla keeps the proprietary connector for the US and Canada, that is a likely marginal expense of dual cables at each Supercharger stall.
I'm sure the CSS standard isn't the best we can do, but Tesla would need to work with the official standards process.
And?Except, no, it's not out of context.
You're using Deepaks one mention of "other" only because it's the full category name to ignore all the actual things Elon said after.
Here's the longer set of the quote, where he's specifically talking about PROFITABLE non-warranty service.
I bolded the most relevant bits.
not "and other"- just service...
But sure let's see the additional context-
That is explicit that Elon expects future profits- and increasingly so- from non-warranty service.
At no point is he discussing "other" like used cars or retail merch as providing those profits- but service specifically doing so-- Certainly the big bump in used car pricing is going to provide even more- but it's crystal clear that wasn't what he was talking about in 2018.
Elon certainly does prefer NO service--- you can tell by how underfunded the # of service centers has continued to be, something even some pretty major bulls like Sawyer and Omar have commented on-- something Elon has admitted was a problem than that he'd fix soon- multiple times since, and still hasn't fixed--- but he absolutely changed his mind from 2013 when he thought it was terrible to make any profit on service- to by 2018 explicitly saying they expect to make a profit on service.
Here's the fixed graph. Did it on the PC this time!
View attachment 831802
The 10-Q is out.
tl;drb Much WowThe 10-Q is out.
we currently expect our capital expenditures to support our projects globally to be between $6.00 to $8.00 billion in 2022 and each of the next two fiscal years.
Automotive regulatory credits revenue increased $151 million, or 17%, in the six months ended June 30, 2022 as compared to the six months ended June 30, 2021, primarily due to changes in regulation which entitled us to additional consideration of $288 million in revenue in the first quarter of 2022 for credits sold previously, in the absence of which we had a decrease in automotive regulatory credits revenue driven by lower sales of regulatory credits.
Cost of automotive sales revenue increased $3.03 billion, or 43%, in the three months ended June 30, 2022 as compared to the three months ended June 30, 2021, in line with the growth in revenue year over year, as discussed above. There were also idle capacity charges of $168 million due to the temporary suspension of production at Gigafactory Shanghai as well as the ramping up of production in Gigafactory Texas during the three months ended June 30, 2022. Further there was an increase in combined average Model 3 and Model Y costs per unit due to overall rising raw material, commodity, logistics and expedite costs and the ramping up of production at Gigafactory Berlin-Brandenburg and Gigafactory Texas during the three months ended June 30, 2022 as compared to the three months ended June 30, 2021. These increases were partially offset by a decrease in combined average Model S and Model X costs per unit driven by lower average cost for the new versions of Model S and Model X from ramping up production.
Competition is coming /s
Report that Mercedes will axe EQC in 2023 due to abysmal sale.
Mercedes-Benz EQC to be axed in 2023 – report
Comment from a second former Moody on Tesla bond rating (in addition to MmeAlexandraS on Twitter)
There is one viable reason. The rating agencies revenues:I believe it will happen this year yet, in 2022. There really isn't any viable reason NOT to upgrade Tesla anymore, it's almost become comical at this point.
And?
I included that full response from Elon which was in response to the question of "service and other" not just Deepak throwing "other" in.
Even taking vehicle service on its own. Increased revenue does not mean increased profit,
Elon Musk said:I would expect service to be a significant revenue item, and to be a positive margin contributor
Elon Musk said:as the warranty expires, so there is like non-warranty items then we'd expect service to positive gross margin.
. Positive gross margin does not mean increasing profit for profit's sake
Veni, Vidi, ExitiCompetition is leaving