Q2 2020 Update - Hackdot

Re:Q2 2020 Update by H8crilA on Wednesday July 22, 2020 @04:56PM (#23921474)

Just to make it more clear what bqe is saying: they are selling the ~same amount of cars as 2 years ago. Both in terms of $ and in terms of #. Growth is completely flat.

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Re:Q2 2020 Update by Brakenshire on Wednesday July 22, 2020 @05:16PM (#23921687)

They’ve lost a $7500 subsidy in the US during that time period, and just recently had Coronavirus. So it’s not that surprising.

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Re:Q2 2020 Update by guerby on Wednesday July 22, 2020 @05:31PM (#23921832)

Q2 2018: 53,339 vehicules produced Q2 2020: 82,272 vehicules produced

2 years ago flat?

Source: https://en.wikipedia.org/wiki/Tesla,_Inc.

Tesla production will be around 100k+ per quarter until they open a new factory (Berlin, july 2021) or expand current ones.

If they're still production limited the only growth in production numbers for the next 12 monthes will be in their China factory and may be a bit in Fremont (p7 of PDF).

Tesla announced they hope to be close to 500k produced vehicules in 2020 (p10 of PDF) so that makes 157k/quarter for the next two quarters. I don't think they'll reach 500k in 2020.

But of course the thing you have to look at is results from other automakers (hint: ugly).

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Re:Q2 2020 Update by H8crilA on Wednesday July 22, 2020 @06:50PM (#23922414)

Not exactly 2 years: look up Q3 2018 onwards.

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Re:Q2 2020 Update by samfisher83 on Wednesday July 22, 2020 @05:06PM (#23921582)

Most companies have shown big declines due to covid. Just being flat is good.

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Re:Q2 2020 Update by H8crilA on Wednesday July 22, 2020 @05:07PM (#23921596)

It was flat pre-covid too. It has been flat for 2 years.

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Re:Q2 2020 Update by labcomputer on Thursday July 23, 2020 @12:42PM (#23929218)

Referencing your other comment, this claim really starts to fall apart.

* You're cherry-picking 2018Q3. So it's not exactly 2 years, it's actually 1.75 years (2018Q3 - 2020Q2).

* But now you're saying pre-covid too, so now it's actually 1.25 years (2018Q3 - 2019Q4).

That period in question is the time after Tesla finished ramping Model 3 production (using a tent!) at Fremont in 2018Q3, and before they finished building the factory in Shanghai in 2020Q1.

So... doesn't it seem reasonable that production gains would be a bit "lumpy"? They go up every time a new factory is finished, and they stay flat until the next one.

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Re:Q2 2020 Update by H8crilA on Thursday July 23, 2020 @04:45PM (#23932059)

I hope it works out for them! Good luck.

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