Bought 25 shares 3 minutes before market close, reaching 1100 shares total. Thanks aftermarket to remove my paper loss!
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It would have been pretty strange if customer deposits increased after they stopped taking them for the M3.
Tesla (TSLA) Q3 2018 Results - Earnings Call Transcript
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Adam Jonas:
Hey Elon, great Q
Elon Musk - TSLA
How many model 3s did you estimate we can deliver 2018, you bonebeeeeeeeeeeeps !?
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I imagine they'll start by replicating one of the GA lines, setting up a paint shop, sourcing a bunch of the parts which aren't vertically integrated locally (some might already be), and shipping over BIW's and packs etc. This gets them building locally assembled even if most parts are still imported to China.
Next step is to get the BIW line copied, and ship in stamped panels to be welded locally.
Next step is to get the stamping line copied.
Somewhere in parallel with the above, cell production will be brought up, leading to local pack production. Whenever it's ready, start using it.
Similarly, other vertically integrated parts (seats, motors, ... some of the plastics they insourced for Fremont production they might actually outsource to local Chinese plastics molding companies, though they might also keep it insourced).
You start with something that is a bit more than Tilburg (I'm not sure they'll start with a Tilburg style operation, might just jump from importing Fremont fully assembled cars to locally GA'd ones), and bring up bits and pieces as you can and eventually you're building locally produced cars.
China did not help itself by being the largest exporter of low cost goods.
That helped their economy and hurt their image.
Not my, their, or anybody’s fault but China’s that their business model encouraged complete crap products. I work as a nuclear engineer who really cares about materials.
Chinese steel is trash and not allowed in my shop.
Any Chinese heat treatment, grinding, or CBC work is not allowed in my shop.
It isn’t because I’m a racist, i don’t associate the goods with a Chinese person, I associate it with their manufacturing culture which is “cheap fast and ****ed up” - 100% of the time it is out of spec dimensionally, hardness, and takes forever to clear customs.
I’ve tried every major vendor for my speciality.
It is very easy to pick the low cost option, which they always are by giant percentages. And it’s a giant waste of money every time. We’re lucky if we can rework it.
They’ve gone overboard earning the stereotype.
ITS ALL *sugar*.
RobStark
Well-Known Member
No one will see a Chinese Tesla car outside of China.
Because Tesla is not exporting Chinese made Teslas.
You're probably right, will probably increase in fact, that does concern me. However, the quicker they can bring up the Chinese facility the better because it will at least take up most of the demand for that market... maybe...
I'm totally fine with this rollout of Nav on AP. It's hard for the user to trust AP's auto lane changing decisions when the display (even if not actually representative of what drives the car's decisions) has vehicles warping all over and colliding with each other constantly, and often is slow to show cars that approach next to you in the blind spot areas ..
DragonWatch
Small FootPrint
Now I know what a bear does in a crystal closet. Can you imagine what a bear will look like when he/she comes out of said closet?
If he/she is smart, he/she will get that operation making him/her a Tesla Bull
If he/she is smart, he/she will get that operation making him/her a Tesla Bull
You know.... winter time is coming. It's going to be a long hibernation period for the bears.
RobStark
Well-Known Member
Maybe, but not today.
And it takes 20 years for reputation to catch up to reality.
It took Toyota over 20 years grinding away in the USA before the Made in Japan label became acceptable in the USA.
I'm very impressed Tesla reached 25% gross margin in Q3. Wow.
YET.
Mexico makes far better vehicles than China?
Funny. Steel is one of the manufacturing imports I work with. Happy to work with you to ensure stuff arrives in spec and at a good price. Are you a purchase decision maker? We should talk. I still stand by its production and QA - not country of origin.
I'll air freight you some samples. If it can't pass your requirements, I'll STFU on this topic..
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So the MegaMillions winner was pretty happy today....
Elon: Hold my beer. [edit: blunt? We all know why they scheduled the call for 3:30p -- it likely means they will be on the call at 4:20p]
Elon: Hold my beer. [edit: blunt? We all know why they scheduled the call for 3:30p -- it likely means they will be on the call at 4:20p]
Chinese manufacturing for medium and high tier products is actually very, very, good. Most people don't realize the intense level of competition that exists in China. There is always someone looking to eat your lunch. It spurs things like IP theft and other negatives, but it also does serve as a catalyst for quality manufacturers to build good products and develop their reputations.
That's why if you buy something on Amazon from China, the quality of service you get is amazing. If you're unhappy with anything at all, vendors are often willing to offer you a full refund and send you a replacement product.
It's actually incredibly naive (and slightly racist) to think that a whole country is only good at manufacturing defective products. I would highly recommend a visit to China, it is truly eye-opening.
Fixed that for you.
From what I've heard, the main reason China gets a bad rap for production is that the west keeps trying to negotiate down production costs expecting the end result to match the original approved production prototypes. In the west you might haggle without changing anything in production, the Chinese apparently will happily reduce production costs to maintain their margins by skimping on whatever it takes to meat your price target. So a difference in expectations.
After all, plenty of high end things come from China. Cell phones, for example. You just have to be willing to pay the actual production costs (+ margin) and not try to haggle them down below that point.
RobStark
Well-Known Member
1)Not for the foreseeable future.
2) 100% Yes.
Edit For many years Mexican made Accords or Fusions were the most reliable vehicles sold in the USA.
Even better is the CPO market that will in a few years--will start new sales revenue to competitors at the low end
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