Topic: TESLA Model III

[bye]

  i see it dropping even lower once they commit to a big dilution of their shares

Do you understand how selling extra shares works?  Since the extra investment is used to purchase equipment and build infrastructure that makes the company more money, the total stock distribution represents a larger value, so even though there are more shares, the per-stock price stays constant, as the company value equals out the potential dilution.

[ArticSteve]

  i see it dropping even lower once they commit to a big dilution of their shares

Do you understand how selling extra shares works?  Since the extra investment is used to purchase equipment and build infrastructure that makes the company more money, the total stock distribution represents a larger value, so even though there are more shares, the per-stock price stays constant, as the company value equals out the potential dilution.

In theory.  The reality is usually the opposite.   

[ArticSteve]

I blogged about having 1 million electric cars in Ontario and the effects (or non-effects) on our grid:
http://mysmartelectricdrive.blogspot.ca/2014/03/choose-one-boil-steam-or-recharge.html


A noble dream, but the Government of Ontario will be 100% insolvent by that time.

[rrocket]

Funny how nobody in America worries about where the electricity is coming from. Oh I drive an electric car, I'm so freakin green.  Uh see that coal plant Mr and Mrs America?  You might want to start thinking about cleaning up your supply system for energy.

This is very true....and I've been reminding people of this whenever I can.  You can even check it out on the EPA website. In many states an EV is dirtier than an ICE car.

[bye]

In many states an EV is dirtier than an ICE car.

But not in Ontario.  So, my two EV's are much much better for the environment than any gas car here.   So yeah, talk about "coal powered cars" all you want, but it's not true here.

[Sir Osis of Liver]

Funny how nobody in America worries about where the electricity is coming from. Oh I drive an electric car, I'm so freakin green.  Uh see that coal plant Mr and Mrs America?  You might want to start thinking about cleaning up your supply system for energy.

This is very true....and I've been reminding people of this whenever I can.  You can even check it out on the EPA website. In many states an EV is dirtier than an ICE car.

Coal generation used to make up almost exactly half of US generation. In the last 10 years it's dropped to 35%.

The coal plants are mostly old, built from the 1950s to 1970s, and due for decommissioning or refurbishment. With cheap natural gas and tightening emissions standards, almost all of the old coal plants are being decommissioned when their number is up.

http://www.bloomberg.com/news/articles/2013-05-06/king-coal-losing-crown-as-u-s-gains-energy-independence

[conwelpic]

some further thoughts on the Model 3

http://driving.ca/auto-news/news/here-is-teslas-biggest-challenge-with-the-model-3

[Sir Osis of Liver]

some further thoughts on the Model 3

http://driving.ca/auto-news/news/here-is-teslas-biggest-challenge-with-the-model-3

I think early adopters, regardless of income, are more willing to put up with reliability issues, at least for a while.

I also think Tesla appeals to the anti-establishment types, who are more likely to buy from a company they see as the underdog or iconoclast. That would explain the difference between the demand for Teslas over cars from Nissan, GM or Ford.

[bye]

http://driving.ca/auto-news/news/here-is-teslas-biggest-challenge-with-the-model-3

One of the comments made me laugh out loud:

[The author] is jealous, he's been ranting for years about this. The guy is a fossil, he tests mini-vans for a living, has no clue what he is talking about.

Another I agree completely with:

Two reasons for high customer satisfaction among Tesla owners despite lower-than-average reliability ratings: 1. Tesla service is awesome. They do whatever it takes to make it right - a big difference from the typical painful dealer service experience. 2. Most of the issues don't affect driveability, so they can be looked after when it's convenient for the owner. Most drive unit issues were a matter of gradually increasing noise from the gearbox. It's not surprising for cars designed from scratch to have some issues at first, but Tesla is continuously improving the product coming out of the factory and they look after customers who encounter these early issues.

We love our Tesla, best car we've ever owned (or driven for that matter).   The service we've received has been top notch.  Tesla really do go above and beyond.

[safristi]

I wonder how much is built into the cost to pay for this exemplary service,after what is a "failure",and you being in some ways a Test Drive Dummy cum guinea pig?An Extra $12k of price padding covers a lot of battery replacements and gremlin fixing.just wondering......................

[EV Dan]

http://driving.ca/auto-news/news/here-is-teslas-biggest-challenge-with-the-model-3

One of the comments made me laugh out loud:

[The author] is jealous, he's been ranting for years about this. The guy is a fossil, he tests mini-vans for a living, has no clue what he is talking about.

Another I agree completely with:

Two reasons for high customer satisfaction among Tesla owners despite lower-than-average reliability ratings: 1. Tesla service is awesome. They do whatever it takes to make it right - a big difference from the typical painful dealer service experience. 2. Most of the issues don't affect driveability, so they can be looked after when it's convenient for the owner. Most drive unit issues were a matter of gradually increasing noise from the gearbox. It's not surprising for cars designed from scratch to have some issues at first, but Tesla is continuously improving the product coming out of the factory and they look after customers who encounter these early issues.

We love our Tesla, best car we've ever owned (or driven for that matter).   The service we've received has been top notch.  Tesla really do go above and beyond.

   

[wing]

Buddy's model S grenaded the steering rack today.  So he had to flat bed it and drove his Tesla Roadster instead.

[bye]

Did your buddy just get a lemon or is Tesla struggling for quality?

Buddy loves his Tesla's, and is a very satisfied owner.  But his Tesla Model S is from the first manufacturing batches.  It has been documented that Tesla vastly improved Model S quality as they moved into 2014 and beyond.

My Tesla S has almost 80000 km on it, and is strong and reliable.  We are planning a multi-week road trip for the summer, and fully expect the car to run as well as it did on our one week 1500 km road trip last year.

[2JDM]

Buddy's model S grenaded the steering rack today.  So he had to flat bed it and drove his Tesla Roadster instead.

Is the Tesla Roadster red??? I saw one in Ottawa a few weeks ago turning into Merivale Mall. A very rare car. 

[wing]

Buddy's model S grenaded the steering rack today.  So he had to flat bed it and drove his Tesla Roadster instead.

Is the Tesla Roadster red??? I saw one in Ottawa a few weeks ago turning into Merivale Mall. A very rare car. 

Yup that's him.   Been driving it a lot since his S was in for service.

[ChaosphereIX]

Buddy's model S grenaded the steering rack today.  So he had to flat bed it and drove his Tesla Roadster instead.

Is the Tesla Roadster red??? I saw one in Ottawa a few weeks ago turning into Merivale Mall. A very rare car. 

saw that car too, rare indeed and looked quick

[Cord]

Tesla quality seems to be improving. But still has a way to go.

Last year, according to a Reuters analysis of data provided in the company's annual report, Tesla spent $1,043 per vehicle on actual repairs and set aside $2,036 in warranty accruals to cover future repairs on the vehicles it sold in 2015. It trimmed warranty expenses by 17 percent from 2014 and cut warranty accruals by 34 percent.

Meanwhile, GM spent just $400 last year for every vehicle it sold on warranty repairs and set aside $332 for future work. Ford spent $429 per vehicle and set aside $308. Daimler spent $970 per vehicle and set aside $1,294.

While Tesla builds only two models and last year sold just 50,000 vehicles, GM, Ford and Daimler all have widely disparate product lines and sell millions of vehicles a year. And where Tesla's 2015 revenue was just over $4 billion, the three larger automakers reported revenues of $150 billion and more.

http://www.reuters.com/article/us-tesla-warranty-idUSKCN0XO1M3

[EV Dan]

Tesla quality seems to be improving. But still has a way to go.

Last year, according to a Reuters analysis of data provided in the company's annual report, Tesla spent $1,043 per vehicle on actual repairs and set aside $2,036 in warranty accruals to cover future repairs on the vehicles it sold in 2015. It trimmed warranty expenses by 17 percent from 2014 and cut warranty accruals by 34 percent.

Meanwhile, GM spent just $400 last year for every vehicle it sold on warranty repairs and set aside $332 for future work. Ford spent $429 per vehicle and set aside $308. Daimler spent $970 per vehicle and set aside $1,294.

While Tesla builds only two models and last year sold just 50,000 vehicles, GM, Ford and Daimler all have widely disparate product lines and sell millions of vehicles a year. And where Tesla's 2015 revenue was just over $4 billion, the three larger automakers reported revenues of $150 billion and more.

http://www.reuters.com/article/us-tesla-warranty-idUSKCN0XO1M3

That's not too bad for Tesla, given their average price tag is 2-3x higher than the makes mentioned above.

[EV Dan]

Tesla is aiming to ramp up production to 500,000 cars a year in 2018:
http://www.reuters.com/article/us-tesla-results-idUSKCN0XV2JL

[ChaosphereIX]

Tesla is aiming to ramp up production to 500,000 cars a year in 2018:
http://www.reuters.com/article/us-tesla-results-idUSKCN0XV2JL

kinda necessary considering the demand