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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
The stock is going to do whatever it does. But this is a bad miss that is deserving of a red day. Let's hope Elon keeps everything nice and tight. I know "deliveries" start in November but I would guess we don't get specs on anything till 2024. These "deliveries" are going to go to employees. Maybe we get a MKBHD review in December?
MartinAustin
Active Member
If that means an annualised production of 125,000/yr across 2023, then they will deliver about 14,500 Cybertrucks during the final 6 weeks of 2023. Sounds confident
Or perhaps it means 125,000 for 2024
bkp_duke
Well-Known Member
Cybertruck - confirmed 800V architecture (slide deck page 8). There were rumors of 1000V, but this puts that to bed.
I know for a fact Elon said, paraphrasing, depending on demand as much as 250k or more, but that's max production.They've never given a number for CT production as far as I know, but 125K per year is lower than most were expecting for certain.
Not a pretty ER by any means.
did you sell it all yet?
Q2 indicated - Tooling -no capacity stated
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Didnt sell anything, that doesnt mean this isnt ugly. Still say Elon antics bringing down ASP particularly in USA.
I do hope Tesla hasn't fired all of its price reduction weapons a bit too soon. 2023 was, economically, a pretty good year. 2024 could be a lot worse (note: my crystal ball is as bad as everyone else's), and they could need those triggers even more. Tough to call this report anything but what it is - a tough quarter for Tesla across the board. I am HOPING that once they saw the shutdowns were taking longer than perhaps the anticipated, they may have "pulled forward" some activities to just jam all the "bad news" under their control into Q3. As an example, the Texas shutdown for most of September seems to have been a surprise - maybe they said "Screw it, Q3 is already hosed. Let's do a bunch in this quarter and not spread the pain out.". Having said that, I'm not seen a lot on the vehicle growth front to get excited about here (underline is mine - this will feed the "busted growth" narrative...which may be accurate for much of 2024)
US: California, Nevada and Texas
At Gigafactory Texas, we began pilot production of the Cybertruck, which remains on track for initial deliveries this year. We are expecting the Model Y production rate in Texas to grow very gradually from its current level as we ramp additional supply chain needs in a cost-efficient manner. Production of our higher density 4680 cell is progressing as planned, and we continue building capacity for cathode production and lithium refining in the U.S.
China: Shanghai
Other than scheduled downtime in Q3, our Shanghai factory has been successfully running near full capacity for several quarters, and we do not expect a meaningful increase in weekly production run rate. Giga Shanghai remains our main export hub.
Europe: Berlin-Brandenburg
Model Y remained the best-selling vehicle of any kind in Europe year-to-date (based on the latest available data as of August). Similar to Texas, further production ramp of Model Y will be gradual
US: California, Nevada and Texas
At Gigafactory Texas, we began pilot production of the Cybertruck, which remains on track for initial deliveries this year. We are expecting the Model Y production rate in Texas to grow very gradually from its current level as we ramp additional supply chain needs in a cost-efficient manner. Production of our higher density 4680 cell is progressing as planned, and we continue building capacity for cathode production and lithium refining in the U.S.
China: Shanghai
Other than scheduled downtime in Q3, our Shanghai factory has been successfully running near full capacity for several quarters, and we do not expect a meaningful increase in weekly production run rate. Giga Shanghai remains our main export hub.
Europe: Berlin-Brandenburg
Model Y remained the best-selling vehicle of any kind in Europe year-to-date (based on the latest available data as of August). Similar to Texas, further production ramp of Model Y will be gradual
GhostSkater
Member
Considering that the earnings for my work was "We are bankrupt, bye" this is amazing for the times lol
I think most will see 125k as a bad number, but I think it's pretty good if it's next year. The Apple tracker person predicted that number.
No advertising mention, so more of the same until fsd
……
Probably decreasing margins as far as the eye can see.
……
Probably decreasing margins as far as the eye can see.
This is one of those quarters you have to just take on the chin, in tough economic times.
- Lower vehicle production and deliveries due to production line shutdowns
- Lower ASP due to price reductions
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