Re:Tesla Model 3 Hits Production
by bjelkeman-again on Wednesday July 05, 2017 @10:57AM
(#14702866)
Falling demand, really?
"After delivering 25,051 vehicles during the first quarter, it pushes deliveries to “approximately 47,100” according to the company. [For the year.] It represents a 53% increase over deliveries during the same period last year and both Model S and Model X deliveries were higher than during Q2 2016"
Maybe a plateau could be argued looking at the graph here.
"After delivering 25,051 vehicles during the first quarter" ... they delivered 22,000 vehicles in the second quarter.
That sounds like a 12% decline to me. It sounds like a 12% decline to Goldman Sachs. I am not sure what you call it.
Re:Tesla Model 3 Hits Production
by bjelkeman-again on Wednesday July 05, 2017 @05:01PM
(#14706077)
Car sales can be seasonal, or like Tesla said in their press release, they where supply constrained by their new 100 kWh battery. Just comparing numbers from the last two quarters is not really very informative. The previous quarter was an increase, the one before that a decrease, the one before that a substantial increase. More important is a trend. And I see a plateau when looking at the mast four quarters.
Those employees are still paying their own personal money for the car. They're as much "real customers" as you or me.
Re:Tesla Model 3 Hits Production
by davewritescode on Wednesday July 05, 2017 @11:23AM
(#14703110)
I suspect they're not paying what customers will pay and they're likely to be leases since they're effectively pre-production models and you'd have to be a big knucklehead to bet on the resale value of a pre-production Model 3.
Re:Tesla Model 3 Hits Production
by mjamesaustin on Wednesday July 05, 2017 @11:48AM
(#14703377)
Tesla offers zero employee discounts on their cars. Even Musk pays full price, on principle.
https://www.quora.com/Do-Tesla-employees-get-a-discount-on-T...
Their initial "hand over" is to employees, not real customers, so it is really just internal testing and does not indicate anything about when actual deliveries will begin.
Hitting delivery deadlines is actually worse than missing them if you are hitting them by pushing an unfinished product which is losing tons of money per unit due to inefficient production processes and creating huge future liabilities for warranty repairs, recalls, and negligence lawsuits if someone gets injured by a defect.
There is a reason why Goldman is revising their price target down on this news and their target is half the current stock price.