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Now... 2018 3rd Quarter - 55,840 !!! They came close to tripling the previous quarter!!
And it's not like Tesla shut down production of Models S and X, they had deliveries of 14,470 Model S
13,190 Model X.
In total Tesla delivered 83,500 cars in 3Q.
In fact they are making so many cars now that Tesla has moved from "production hell" to "delivery hell", as their system strains to delivers this many cars so fast without a dealer system. But they'll figure this out just as they've been working through producing cars.
The demand for the Model 3 also remains strong. They haven't even released cars for overseas sales yet. The focus remains on US sales through the end of 2018 to take advantage of the Federal Tax Credit which remains in full effect till Dec 31st, and gets halved after that.
And all the extraneous stuff remains a nothingburger. The SEC suit that was filed was settled after 3 days. Musk did not have to admit fault, there was a change that be paid out of the change that fell out of his pocket into the sofa, and he remains as CEO. They'll appoint a Chairman, but that will not materially affect things. And somehow they are supposed to watch over his tweets which is a good thing.
Now... 2018 3rd Quarter - 55,840 !!! They came close to tripling the previous quarter!!
And it's not like Tesla shut down production of Models S and X, they had deliveries of 14,470 Model S
13,190 Model X.
In total Tesla delivered 83,500 cars in 3Q.
In fact they are making so many cars now that Tesla has moved from "production hell" to "delivery hell", as their system strains to delivers this many cars so fast without a dealer system. But they'll figure this out just as they've been working through producing cars.
The demand for the Model 3 also remains strong. They haven't even released cars for overseas sales yet. The focus remains on US sales through the end of 2018 to take advantage of the Federal Tax Credit which remains in full effect till Dec 31st, and gets halved after that.
And all the extraneous stuff remains a nothingburger. The SEC suit that was filed was settled after 3 days. Musk did not have to admit fault, there was a change that be paid out of the change that fell out of his pocket into the sofa, and he remains as CEO. They'll appoint a Chairman, but that will not materially affect things. And somehow they are supposed to watch over his tweets which is a good thing.
As I stated previously, I have no financial interest in Tesla. I also do not have any interest in purchasing any of their automobiles, not even a Model 3 at $35K, and certainly not a deluxe version at $60K. But that's just me, there could be a whole bunch of people lining up to do so, I don't know. But I'll believe it when I see it, there is a limited supply of new car buyers who will purchase on something other than five or ten year cost-to-own, and rising interest rates are going to hurt expensive cars more than inexpensive ones. Put a gun to my head and tell me I have to bet my 401k on going long or short on Tesla stock, though, and I'm going to pick the latter. From what I've seen so far, the Big Boys in the automotive world (especially China) are going to catch up and surpass them within the next year or so, and then Tesla is Toast. If they don't self-destruct first due to Elon's antics. JMHO - on a side note, since the company employ Americans, I would prefer they stick around and make cars profitably. But not on my dime - Honda or Toyota are going to eat their lunch, even if it's with a re-badged Chinese vehicle, and anyone buying Tesla stock at its current price is going to be crying real tears. And the sooner EV's gain market share, the sooner the big players will roll out a competing lineup; as always, follow the money.
Leave it to Tesla to finally start producing and delivering what they promised years ago and the stock actually goes down...again.
Tesla’s hype train is running out of steam just as other manufacturers are competing while Tesla’s tax credits run out and interest rates are rising.
You keep talking about Chinese and other companies gonna take over soon.
Put up or shut up.
Show me the competitors.
Show me how they are going to make quality vehicles (great batteries) in volume in what timeframe.
Did you know the Chinese batteries, uh, kinda suck right now?
Did you know other automotive companies electric plans are limited volume because they don't have enough batteries secured?
The fear is hype because they won't actually be able to build that many electric cars for 5 years at least.
You definitely dont want to use Chinese batteries. There quality is no where near safe to use at this level. Also, Dont believe the hyped up production numbers that Tesla gives.
Part of the delivery numbers are for cars held over from the end of the last quarter.
Yep....and they still have about 8,000 cars in the pipeline to be delivered this time. In other words....that's normal right now. So they've already got a 8,000 car head start on 4Q!!
And then you have a guy who can’t get out of his own way
Quote:
"the Shortseller Enrichment Commission is doing incredible work"
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