4 ms·

No, they forecasted production of 20,000 cars. They forecasted deliveries of 17,000 cars. Substantial miss on both counts. Source: http://ir.tesla.com/common

by te 10y ago

No, they forecasted production of 20,000 cars. They forecasted deliveries of 17,000 cars. Substantial miss on both counts. Source: http://ir.tesla.com/common/download/download.cfm?companyid=ABEA-4CW8X0&fileid=889927&filekey=27EE2FDA-9C77-4D6A-8CEE-E8DFE45227BA&filename=Q1_2016_Tesla_Shareholder_Letter.pdf http://ir.tesla.com/common/download/download.cfm?companyid=A... Edit: fixed link to correct source, as pointed out below. In this pdf, it's on bottom of page 3, under "Outlook".

mikeash 10y ago
Where is that info in that PDF? Edit: I guess you mean this one: http://files.shareholder.com/downloads/ABEA-4CW8X0/2007076272x0x889927/27EE2FDA-9C77-4D6A-8CEE-E8DFE45227BA/Q1_2016_Tesla_Shareholder_Letter.pdf http://files.shareholder.com/downloads/ABEA-4CW8X0/200707627... That does indeed say 20,000. They actually produced 18,345, for a miss of about 8%. They ramped up production from about 1,000 cars/week to 2,000 cars/week, so being short 1,655 indicates that their production ramp-up was delayed by about 10 days. Doesn't seem like a very big deal to me, and a slight miss of estimated production increases is way different from the "sales are down, Tesla is doomed" that got reported.
- Animats 10y ago
  Tesla added an additional assembly line at the Fremont plant.[1] This doubled production capacity. Cost about $100M. They already run two 9-hour shifts and six days a week. [1] http://insideevs.com/teslas-2nd-production-line-capable-pumping-3000-tesla-per-week/ http://insideevs.com/teslas-2nd-production-line-capable-pump...
  - te 10y ago
    That article is two years old.
    - Animats 10y ago
      Good point. Do they have more final assembly lines now, or what? The info two years ago indicates the final assembly lines were maxed out. Here's a long video of the assembly process in 2015.[1] This is useful, rather than the usual quick montage of cool robot scenes. There was a surprising amount of manual assembly in areas where other manufacturers are automated. [1] https://www.youtube.com/watch?v=AVCCroN7vS0 https://www.youtube.com/watch?v=AVCCroN7vS0
slavik81 10y ago
That pdf says to visit their website. This is the pdf on their website: http://ir.tesla.com/common/download/download.cfm?companyid=ABEA-4CW8X0&fileid=889927&filekey=27EE2FDA-9C77-4D6A-8CEE-E8DFE45227BA&filename=Q1_2016_Tesla_Shareholder_Letter.pdf http://ir.tesla.com/common/download/download.cfm?companyid=A...

by te 10y ago

mikeash 10y ago

Where is that info in that PDF? Edit: I guess you mean this one: http://files.shareholder.com/downloads/ABEA-4CW8X0/2007076272x0x889927/27EE2FDA-9C77-4D6A-8CEE-E8DFE45227BA/Q1_2016_Tesla_Shareholder_Letter.pdf http://files.shareholder.com/downloads/ABEA-4CW8X0/200707627... That does indeed say 20,000. They actually produced 18,345, for a miss of about 8%. They ramped up production from about 1,000 cars/week to 2,000 cars/week, so being short 1,655 indicates that their production ramp-up was delayed by about 10 days. Doesn't seem like a very big deal to me, and a slight miss of estimated production increases is way different from the "sales are down, Tesla is doomed" that got reported.

Animats 10y ago
Tesla added an additional assembly line at the Fremont plant.[1] This doubled production capacity. Cost about $100M. They already run two 9-hour shifts and six days a week. [1] http://insideevs.com/teslas-2nd-production-line-capable-pumping-3000-tesla-per-week/ http://insideevs.com/teslas-2nd-production-line-capable-pump...
- te 10y ago
  That article is two years old.
  - Animats 10y ago
    Good point. Do they have more final assembly lines now, or what? The info two years ago indicates the final assembly lines were maxed out. Here's a long video of the assembly process in 2015.[1] This is useful, rather than the usual quick montage of cool robot scenes. There was a surprising amount of manual assembly in areas where other manufacturers are automated. [1] https://www.youtube.com/watch?v=AVCCroN7vS0 https://www.youtube.com/watch?v=AVCCroN7vS0

slavik81 10y ago

That pdf says to visit their website. This is the pdf on their website: http://ir.tesla.com/common/download/download.cfm?companyid=ABEA-4CW8X0&fileid=889927&filekey=27EE2FDA-9C77-4D6A-8CEE-E8DFE45227BA&filename=Q1_2016_Tesla_Shareholder_Letter.pdf http://ir.tesla.com/common/download/download.cfm?companyid=A...