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Thread: Elon Musk & Tesla Omnibus Thread

  1. #31
    Contributor DarthSiddius's Avatar
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    Agreed. Wonder how it would affect jobs. Gives a whole new meaning to the - "they are taking our jobs" argument.


  2. #32
    Official Thread Jacker Senior Contributor gunnut's Avatar
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    Quote Originally Posted by SteveDaPirate View Post
    The place I've been expecting autonomous vehicles to really take off is agriculture. Tractors and Combines should be more than capable of driving around 1000s of acres of fields, while the farmer tracks their progress from home, drinking a beer and watching the game.
    I believe they already do. Newer combines and tractors are self drive and guided by GPS to run the perfect pattern as to not waste any land.

    We may have the technology of self drive cars, but we won't allow them in crowded area just yet.
    "Only Nixon can go to China." -- Old Vulcan proverb.

  3. #33
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    [Merged several Tesla threads]
    Far better it is to dare mighty things, than to take rank with those poor, timid spirits who know neither victory nor defeat ~ Theodore Roosevelt

  4. #34
    Former Staff Senior Contributor Ironduke's Avatar
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    Full article: https://finance.yahoo.com/news/elon-...125700532.html
    Elon Musk may never deliver a $35,000 Model 3—and that would actually be great news for Tesla (TSLA)

    Everybody has been giving Tesla CEO Elon Musk a hard time for his savage Twitter ways of late, myself included. But that doesn't mean, amid all the trolling of haters and big media, Musk doesn't sometimes tweet out an insight.

    For example, Musk offered this tweet in response to a question about when the long-promised $35,000 Model 3 sedan would arrive, after he announced a $78,000 high-performance trim level: "With production, 1st you need achieve target rate & then smooth out flow to achieve target cost. Shipping min cost Model 3 right away wd cause Tesla to lose money & die. Need 3 to 6 months after 5k/wk to ship $35k Tesla & live."

    That's not exactly what I heard when I was at the Model 3 launch in July of 2017. Then, my understanding was that Tesla would first build the $44,000 Model 3 with a long-range battery pack and a single motor over the rear axle to keep things simple. After all, the company had never mass-produced the car before and had skipped a so-called "soft tooling" phase of the ramp-up, when it could fix problems with the assembly line before settling on costly gear.

    I did know that Tesla usually sells expensive trim level before cheap ones — and sometimes doesn't see very much demand for less-expensive versions of its vehicles.

    That's not a bad thing, as pricier Teslas are better for topline revenue and should eventually be a boon for bottom-line profits if the company can stop losing billions of dollars annually. In fact, a little over a year ago I argued that selling a $35,000 car wasn't such a great move for Musk.

    "It bears repeating: the Model 3 represents a move for Tesla in the opposite direction of where the money is in the car business," I wrote. "A $35,000 compact sedan brings in a lot less than a $100,000-plus mid-size SUV. For Tesla, the Model 3 is a far greater risk than the Model S or X were."

    My headline was "The Model 3 could be the worst thing that ever happened to Tesla," so I take a doleful victory lap on that one.
    Full article: https://www.reuters.com/article/us-t...-idUSKCN1IQ2RN
    Exclusive: Tesla flies in new battery production line for Gigafactory

    FRANKFURT/SAN FRANCISCO (Reuters) - Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.

    Transporting equipment for a production line by air is costly and hardly ever done in the automotive industry, and the move underscores Tesla Chief Executive Elon Musk’s urgency to get a grip on manufacturing problems that have hobbled the launch of the high-volume Model 3 and pushed Tesla’s finances deep into the red.

    “As usual with Tesla, everything is being done in a massive hurry and money seems to be no obstacle,” said one of the two sources.

    Tesla on Friday declined to comment on whether it has shipped in any new production equipment from Europe.

    Investors are closely watching Tesla and its high-profile, often brash CEO to see if the upstart electric vehicle maker can pull off high-volume production of the Model 3, a car with the potential to catapult the niche automaker to a mass producer and assure its financial stability.

    But manufacturing missteps have led Tesla to repeatedly miss production targets for the sedan, and raised doubts about Musk’s promises that the company will stop burning cash by the third quarter of this year. Tesla had free cash flow of negative $1 billion in the first quarter, and earlier this month disclosed that it could offer its Fremont, California, vehicle assembly plant as collateral for debt.

    Engineers from Tesla’s German engineering arm, Grohmann, are now reworking the battery production line at the Gigafactory near Reno, Nevada, in a bid to free up bottlenecks, the person said. The line will become more automated gradually over time, added the source, who was not authorized to speak for attribution.
    What I don't want to see is the Bills winning a Super Bowl. As long as I'm alive that doesn't happen.

  5. #35
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    https://cleantechnica.com/2018/05/25...g-the-model-3/

    Why Tesla's reported incompetence with the model 3 production line is greatly exaggerated and misrepresented.

  6. #36
    Former Staff Senior Contributor Ironduke's Avatar
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    Full article: https://www.reuters.com/article/us-t...-idUSKBN1JI013
    Exclusive: Tesla to close a dozen solar facilities in nine states - documents

    LOS ANGELES/SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.

    The latest cuts to the division that was once SolarCity - a sales and installation company founded by two cousins of Tesla CEO Elon Musk - include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot Inc that the current and former employees said generated about half of its sales.

    About 60 installation facilities remain open, according to an internal company list reviewed by Reuters. An internal company email named 14 facilities slated for closure, but the other list included only 13 of those locations.

    Tesla declined to comment on which sites it planned to shut down, how many employees would lose their jobs or what percentage of the solar workforce they represent.

    The company said that cuts to its overall energy team - including batteries to store power - were in line with the broader 9 percent staff cut.

    “We continue to expect that Tesla’s solar and battery business will be the same size as automotive over the long term,” the company said in a statement to Reuters.

    The operational closures, which have not been previously reported, raise new questions about the viability of cash-strapped Tesla’s solar business and Musk’s rationale for a merger he once called a “no brainer” - but some investors have panned as a bailout of an affiliated firm at the expense of Tesla shareholders. Before the merger, Musk had served as chairman of SolarCity’s board of directors.

    The installation offices that the internal email said were targeted for closure were located in California, Maryland, New Jersey, Texas, New York, New Hampshire, Connecticut, Arizona and Delaware.

    The company also fired dozens of solar customer service staffers at call centers in Nevada and Utah, according to the former Tesla employees, some of whom were terminated in last week’s cuts. Those employees spoke on condition of anonymity because making public comments could violate the terms of their severance packages.

    “It’s been a difficult few days - no one can deny this,” a Tesla manager wrote in a seperate internal email, sent to customer service employees shortly after the cuts were announced.

    Tesla has been burning through cash as it tries to hit a target of producing 5,000 Model 3 electric sedans per week after production delays. The company faces investor pressure to turn a profit without having to tap Wall Street for additional capital.

    The total number of cuts to the solar workforce remained unclear. Some personnel at facilities closing down were being transferred to other sites, the current and former employees said. SolarCity employed about 15,000 people at the end of 2015 but has since cut thousands of workers.

    Ending the Home Depot partnership, which allowed for solar sales in about 800 stores, is part of Tesla’s larger effort to absorb SolarCity into its high-end brand and sell through 90 of its 109 U.S. retail stores and its website, the company said.

    “Tesla stores have some of the highest foot traffic of any retail space in the country,” Tesla said.

    Analysts questioned Tesla’s plans for the solar business in light of the latest cuts to staff and retail operations.

    “In effect they seem to be saying, ‘We have no strategy for selling solar,’” said Frank Gillett, an analyst at Forrester Research, adding that the SolarCity purchase “looks pretty awful right now.”
    What I don't want to see is the Bills winning a Super Bowl. As long as I'm alive that doesn't happen.

  7. #37
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    So, he's basically running out of money?

    SolarCity was ruined by Musk shifting business focus from combined financing and installation to installation only, basically eradicating their defining feature on the market and pushing them down into competition with hundreds of SMEs.

  8. #38
    Former Staff Senior Contributor Ironduke's Avatar
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    Quote Originally Posted by kato View Post
    So, he's basically running out of money?

    SolarCity was ruined by Musk shifting business focus from combined financing and installation to installation only, basically eradicating their defining feature on the market and pushing them down into competition with hundreds of SMEs.
    The ending of the partnership with The Home Depot, and the concentration of SolarCity sales in Tesla retail stores, he might be taking a gamble to leverage SolarCity sales into Tesla auto sales by getting combined foot traffic within the same space. I don't really know what else to make of it. Seems like a very risky move to me. Tens of millions, if not a hundred million or more Americans shop at The Home Depot every year. Seems like a no-brainer to continue the relationship with them.

    I'd had the feeling that merging SolarCity into Tesla wasn't the best move to begin with. It goes without saying that if Tesla were to go down, it could very well drag SolarCity down with it. Musk has always been a gambler, it'll be interesting to see which way the chips fall.
    What I don't want to see is the Bills winning a Super Bowl. As long as I'm alive that doesn't happen.

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