TSLA Market Action: 2018 Investor Roundtable

[pyromatter]

From Tesla launches new Model 3 with ‘mid-range’ battery for $45,000, changes pricing structure

Tesla sent us the following statement about the change:

“As Model 3 production and sales continue to grow rapidly, we’ve achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers. Our new Mid-Range Battery is being introduced this week in the U.S. and Canada to better meet the varying range needs of the many customers eager to own Model 3, and our delivery estimate for customers who have ordered the Standard Battery is 4-6 months.”

 

[dqd88]

So back to "market action" - how will mid-range affect

production
deliveries
OpEx
ebidta
EPS
for Q4?

and

how will the SP react tomorrow?

 

[EVNow]

I still don't understand the change. Why doesn't Tesla send a press release with the details ? They are missing out on some free publicity - and more importantly potentially reprinted positive talking points.

So, now LR is $54k, but with AWD. MR RWD is $45k.

We paid $50k for LR.

 

[CuriousSunbird]

There is no more RWD LR... To get LR you have to go AWD. And AWD was $6k last time we had information.

The question is: Is the mid-range battery actually a different battery, or is it software locked? My guess would be different battery as a way to ease up on the current cell shortage. (But with MR listed as delivery in 6-10 weeks, that puts it before the new cheaper battery pack was supposed to be in production.)

I would guess software locked - it's a way to keep getting revenue in from LR production until European homologation. And they may be able to sell OTA upgrades later.

 

[EVNow]

how will the SP react tomorrow?

Atleast after hours has ignored the news.

 

[azaz]

I still don't understand the change. Why doesn't Tesla send a press release with the details ? They are missing out on some free publicity - and more importantly potentially reprinted positive talking points.

So, now LR is $54k, but with AWD. MR RWD is $45k.

We paid $50k for LR.

Tesla PR/Communications leaves a lot to be desired and is a big part of sentiment being too negative about the company.

 

[oneday]

And I do the same at SA. (talk about an echo chamber, or more like a psyche ward)

There. FTFY

 

[CuriousSunbird]

I think we have started the second leg down of the overall market correction, and don’t know if Tesla will be able to withstand the drag. Will start buying more if we reach the fifties or forties to lower my average price.

I think it will take quite a while to get to $50.

 

[Navin]

Dana Hull: Tesla Forced To Slash Prices as Elon Musk loses another Executive

Lora: A Fire at Giga Has Resulted in Tesla Being Forced to Cut Prices. Are These The Model 3 Defects being Sold at Outlet Prices?

Tim Higgins: Tesla Discounting Cars as Debt Wall Nears

Linette Lopez: Tesla Desperation Shows - Will Liquidating Cars Get them to a Billion to meet Payroll?

Business Insider: Is Tesla Going to Soon File A WARN Act?

Charles Gasparino: SCOOP!! SEC officials looking into discounting schemes at Tesla

skabullshit: I’m just happy to make it thru to the swearing filter here on TMC.

 

[KarenRei]

It is only a 17% difference in range

Not exactly.

1) The actual measured range for the Model 3 LR RWD was 334 miles. They chose 310 miles nominal so that they could call all LRs "310 miles", including the (actually 308 mile) AWD and P variants.

2) As you reduce the pack capacity, you reduce the vehicle mass, and this provides a several percent increase in vehicle range, which means a several percent decrease in the required number of cells for a fixed range.

An EPA combined 260 miles is a more than 20% reduction in cells.

if all cars produced were the RWD MR version.

Which would be why I wrote "for weeks that they were producing only MRs"

 

[pyromatter]

From Tesla launches new Model 3 with ‘mid-range’ battery for $45,000, changes pricing structure

"We asked Tesla about the new situation with the Model 3 battery pack options and the company confirmed to Electrek that the new pack is not a Long-Range pack with a software-locked capacity, but it has the same architecture with fewer cells."

 

[MarcusMaximus]

Ok guys. Really neat about this mid-range version, but what does this have to do with Lemurs?

 

[oneday]

From Tesla launches new Model 3 with ‘mid-range’ battery for $45,000, changes pricing structure

Tesla sent us the following statement about the change:

“As Model 3 production and sales continue to grow rapidly, we’ve achieved a steady volume in manufacturing capacity, allowing us to diversify our product offering to even more customers. Our new Mid-Range Battery is being introduced this week in the U.S. and Canada to better meet the varying range needs of the many customers eager to own Model 3, and our delivery estimate for customers who have ordered the Standard Battery is 4-6 months.”

From the article

We asked Tesla about the new situation with the Model 3 battery pack options and the company confirmed to Electrek that the new pack is not a Long-Range pack with a software-locked capacity, but it has the same architecture with fewer cells.

Confirmed less cells.

 

[Vitold]

Midrange Model3 is good news as it means that Tesla can produce more cars than Panasonic can cells at a moment which means average production above 5k/wk.

Anyhow, for cold winter states midrange is probably the smallest battery pack people should buy anyway.

 

[KarenRei]

Anyone else notice that M3P is now 0-60=3,3s?

 

[shrspeedblade]

Ok guys. Really neat about this mid-range version, but what does this have to do with Lemurs?

I’m thinking it was an internal slang term at Tesla:
Le (THE in French) MR= LeMuR

 

[Silent Ludicrosy]

Good way to maximize the number of people who can get $7500 tax credits by the end of the year if cell production is the limiting factor.

 

[Mkorpal]

Ok guys. Really neat about this mid-range version, but what does this have to do with Lemurs?

LeMR

 

[dqd88]

I would guess software locked - it's a way to keep getting revenue in from LR production until European homologation. And they may be able to sell OTA upgrades later.

Not software locked. Fewer cells = lower cost = GM intact

 

[CaliBear1]

My god, where the hell is Fact Checking?!