Nice. Congrats. Timing the market is tricky, but when it works it is a great feeling.Yes, I'm all smiles after a big (for me, so not very) investment in Tesla a couple of weeks ago. Looking like a good move now. Also massively hedged against a Brexit crash on the pound so I can't really lose.
So there Elon, you have been toldVolkswagen brand chief Herbert Diess shared (via Electrek, translated from German):
Here we come very strong now. We have invested 30 billion in electromobility, we have already rededicated a plant in Zwickau, and we are building an electric vehicle plant in Shanghai. We will come in 2020 with vehicles that can do anything like Tesla and are cheaper by half.
Imagine Speth going on something like Question Time(BBC), as Herbert Diess did on the ZDF current affairs programme, a special on Dieselgate/city bans for clean air, and talking lucidly, calmly, humbly and charmingly. I was impressed.Tesla will need to circle their wagons because VW are now on their case.
So there Elon, you have been told
What Diess said: "Wir werden 2020 kommen mit Fahrzeugen, die alles können wie Tesla und um die Hälfte billiger sind"Tesla will need to circle their wagons because VW are now on their case.
So there Elon, you have been told
There may be a question about the accuracy of Jaguar’s sales.
Tesla slowly appearing to justify the amount of column inches, tweets and general bravado it has attracted over the past few years? The fact that, according to AID research and official data supplied by Tesla and Tata Motors - the Indian owner of Jaguar - Tesla delivered more vehicles globally than Jaguar during the opening three quarters of the year, suggests perhaps slowly they might be
During this year’s third quarter Tesla’s global deliveries almost doubled that of Jaguar’s retail sales totalling 83,500 and 41,940 respectively according to data supplied by both manufacturers.
This is the first time Tesla has outpaced a relatively major premium car manufacturer in terms of global deliveries.
AID research also identified that Porsche fell behind Tesla during this year’s third quarter.
Porsche recorded 69,962 third quarter sales globally, while year-to-date the German luxury car manufacturer still remains ahead with 196,562 global sales, an increase of 5.7 per cent over last year compared with Tesla’s 154,220 opening three quarters deliveries.
Yes, the ipace is a perfectly good stab at a premium SUV EV at a price point that is sensible given European competition (Telsa model S and X). Once the model 3 finally makes it to Europe, no one will be able to compete, not even VW. Only half a decade behind, you sure?On price, Tesla this week started deliveries of the Model 3 Midrange for $46,000, making it by far and away the lowest cost premium long range EV.
The Standard (short) range Model 3 was always planned after battery prices further decreased, currently planned for "sometime in 2019". Either way, it is not relevant as it will not be more than a few % of the model range.
Tesla is now making money by the hundreds of millions per quarter, and as battery capacity increases, their product range will increase.
All other automakers are half a decade of more behind Tesla. And falling further behind. Audi (part of mighty VWAG) had to admit that they don't have the battery cost/capacity and SW ready to launch.
Audi's first electric car is a hit. The e-tron is quieter, more comfortable and better to drive than Tesla’s Model X. Its 249-mile electric range may not change the game, but it excels as a high-quality family SUV.
Capital markets all over have fallen but there have been bright spots:Tesla suddenly seems so yesterday, or rather a Noughties thing, like the age of its cars.
A real car from a real car producer, suddenly makes the Model X seem the crass, one trick, obsolete thing it is.
Rivian shows what a real, high-tech, high-brains start up can do, as opposed to Welfare Queen Tesla.
Only the geeks and nerds would now choose 'the computer on wheels', as opposed to mature, normal people who just want a car that works, is not aimed at 10 year old gamers that never grew up, and is not usuriously priced for the cheap rubbish it actually is.
Yes, we know German auto execs say every five minutes how amazing Tesla and Beta boy Musk are, but that's just necessary PR for unbalanced Yanks, who believe The Third Reich is still in power in Berlin, ...Wolfsburg, Munich, Stuttgart... .
They know Tesla had a free ride - actually $billions from US taxpayers - for a decade, because no one believed they were so many infantile nerds about, who would fall for the cheesiest propaganda/scam on saving the planet and so on.
Next comes real EVs, not 10 year old Model Ss and derivatives, that flake out on a couple of 'ludicrous runs'.
Hyundai will crush Tesla from the bottom, and VAG will do to the same to Tesla's modern-day equivalent of 70s Yank tanks - under-engineered, overpriced, over the hill, with cheaper, infinitely better Taycans, e-tron GTs etc.
Tesla is not the equivalent of Apple, as you keep saying Baron. Anyway, Apple's frigged too, with seventh cavalry Trump, or his handlers, rushing in to save it, with the obvious attack on the Chinese.
Tesla is DeLorean on stilts - snatch as much dopey taxpayers' money as possible, pronounce you have made the future, then, hopefully, disappear in a cloud of smoke and confusion, blaming the collapse on doomers and naysayers.
You really bask in the fact, that Tesla after 10 years of broken promises has actually been able to produce the planned number of cars for one quarter. Please don't get me wrong. I have nothing against Tesla, neither as a company nor as a car. But you know perfectly well, what trouble Tesla had "ramping up" the production of the Model 3. It took them almost a year of postponing and making excuses. And it was the same with the earlier models. Tesla has never been making money before. Money from selling one model was supposed to fund the development of the next model. Tesla was never able to do that, even though they promised it. Instead more investors had to put money into the company, even after Tesla repeatedly had said, that would never be necessary again.So now that Jaguar/Magna have been in production for several months and presumably have hit steady state, lets look at I-Pace volumes.
In November/2018 Jaguar was able to deliver 2,195 I-Paces. That is a run rate of ˜510 vehicles/week.
By way of comparison, Tesla has demonstrated 14x that amount peak (>1,000 day) and 12x that amount sustained (>6,000/week) just for the Model 3, with an additional 2,000 or so/week Model S/X.
That just illustrates the scale of a serious EV manufacturer (Tesla) vs the legacy automakers toy production numbers.
I'm sorry, but am I missing something?You also know perfectly well, how industry and financial analysts have criticized Tesla. .
I'll tell you. Tesla doesn't.Here is what few in the press have picked up on.
Why silly JLR, Mercedes, Audi, et al had to enter into 50/50 joint ventures to make cars in China, Tesla, and only Tesla, has secured the right to a fully owned foreign car factory in China.
Think about that for a second. All the others folded their tail between their legs and agreed to cede control to the Chinese with their 50% partner.
Tesla will fully own its plant and venture in China!!!
Tell me that does not outclass all the legacy automakers!!!!
I don't know, if you are missing something, but you seem to have a short memory. It's great, that Tesla finally seems to have succeeded. I just don't think, they are a stellar example of, how you should run a company. Not yet at least. Tesla had huge issues ramping up the Model 3 production. Elon Musk even called it production hell. They kept promising production number, they couldn't reach. They tried to hide that by saying, that on the last day of the quarter, they reached their goal. As though from now on, they could continue producing that number of cars. They couldn't.I'm sorry, but am I missing something?
Tesla has a market capitalization (driven by those financial analysts) of ˜$61.5B (today, after all the market sell off).
BMW has a market cap of US$53B
Daimler AG has a market cap of US$50B
Tata Motors has a market cap of $7.7B (Just 1/8th of the value of Tesla)
It is clear which company the financial analysts thing is better run and more capable of generating good returns.
As to problems, yes. Tesla had problems trying to do what has never done before. Ramp up EV production and battery capacity to levels that even Porsche's CEO calls astonishing.
Tesla had no issues whatsoever producing 2,195 EVs/month. They had "problems" trying to do that level of production every day. They are more than 1/2 way there, by the way.
So you can call having really, really hard/stretch goals a problem. I call it bold and how a company should be run. Setting only easy to achieve goals is for wimps.