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Weird title. The title seems to suggest that the stock soars because of Musk's "naughty by nature" tweet. It soared because of the SEC agreement (as stated corr

Weird title. The title seems to suggest that the stock soars because of Musk's "naughty by nature" tweet. It soared because of the SEC agreement (as stated correctly in the article) and the impressive production numbers.

gamblor956 8y ago
Somewhat ironically, the "impressive" production numbers are actually below what they were expecting for Q1. Being generous and assuming only a 12-week quarter, 51,000 cars is only 4250 cars/week, far below the 5000 they were expecting to hit back in January. The news is that they are finally able to maintain this sort of scale. The unfortunate news is that despite the months of lead-in time to getting up to this scale, they never bothered to get a handle on the logistics of shipping out the completed product, and are now stuck with massive lots of undelivered Model 3s. Musk's "genius" plan to deal with this is to spend a few million dollars and few months to build a new fleet of trailers, rather than simply work with existing companies to ship existing products to existing customers within the next month.
- 282883392 8y ago
  At what time were they expect to be making 5000 cars/week in January?
- nickik 8y ago
  They are between 50k and 55k, exactly according to the guidance from the last call. Yes, 1-2 years ago they were to optimistic about mass production of cars. > Musk's "genius" plan to deal with this is to spend a few million dollars and few months to build a new fleet of trailers, rather than simply work with existing companies to ship existing products to existing customers within the next month. Tesla is using a new type of sale and delivery system compared to pretty much all existing companies. That has advantages and disadvantages. I'm not sure what you are referring to with 'existing companies', you don't just have to deliver. You have to deliver, do paperwork, show cars feature and give the costumer the opportunity to point out quality problems. What existing companies could possibly do that? We will see in the longrun if location based are vehice based delivery is better.
- rcMgD2BwE72F 8y ago
  They were projecting 50 to 55K Model 3, that's the very first line of their 2018 Q2 earning report.

gamblor956 8y ago

Somewhat ironically, the "impressive" production numbers are actually below what they were expecting for Q1. Being generous and assuming only a 12-week quarter, 51,000 cars is only 4250 cars/week, far below the 5000 they were expecting to hit back in January. The news is that they are finally able to maintain this sort of scale. The unfortunate news is that despite the months of lead-in time to getting up to this scale, they never bothered to get a handle on the logistics of shipping out the completed product, and are now stuck with massive lots of undelivered Model 3s. Musk's "genius" plan to deal with this is to spend a few million dollars and few months to build a new fleet of trailers, rather than simply work with existing companies to ship existing products to existing customers within the next month.

282883392 8y ago
At what time were they expect to be making 5000 cars/week in January?
nickik 8y ago
They are between 50k and 55k, exactly according to the guidance from the last call. Yes, 1-2 years ago they were to optimistic about mass production of cars. > Musk's "genius" plan to deal with this is to spend a few million dollars and few months to build a new fleet of trailers, rather than simply work with existing companies to ship existing products to existing customers within the next month. Tesla is using a new type of sale and delivery system compared to pretty much all existing companies. That has advantages and disadvantages. I'm not sure what you are referring to with 'existing companies', you don't just have to deliver. You have to deliver, do paperwork, show cars feature and give the costumer the opportunity to point out quality problems. What existing companies could possibly do that? We will see in the longrun if location based are vehice based delivery is better.
rcMgD2BwE72F 8y ago
They were projecting 50 to 55K Model 3, that's the very first line of their 2018 Q2 earning report.