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Most cars at dealerships don't have "dead" written on the windshield. I'm not sure what that means, but it doesn't sound that great.

by tntn 8y ago

wyldfire 8y ago
shrug, someone made a poor choice when assigned the task of triaging the product returns. Should've used a database or some other sort of private index, this publicity looks bad. > Tsla was always storing cars at 761 but not this many Production is up, ergo returns are up. The count of units returned is useless without normalizing it against the units produced. Of course, even with that it's likely a bad score for Tesla. There have been many public reports of poor quality product leaving the factory because of Tesla's challenges scaling up production. These returns are just the inevitable outcome from those earlier reports.
- dragontamer 8y ago
  > Production is up, ergo returns are up. Production is down actually from Q4 2018. http://ir.tesla.com/news-releases/news-release-details/tesla-q4-2018-vehicle-production-deliveries-also-announcing-2000 http://ir.tesla.com/news-releases/news-release-details/tesla... > Production in Q4 grew to 86,555 vehicles http://ir.tesla.com/news-releases/news-release-details/tesla-q1-2019-vehicle-production-deliveries http://ir.tesla.com/news-releases/news-release-details/tesla... > In the first quarter, we produced approximately 77,100 total vehicles
  - dmix 8y ago
    Production is up year over year, no? We don't know what timeframe the tweet author is talking about. Did he mean there weren't many Tesla's there last quarter or a long time ago?
    - dragontamer 8y ago
      > Production is up year over year, no? I mean, that's expected for a growth company. What's unexpected for a "growth" company is a sudden halt in growth. Why would production drop by roughly 10% and deliveries drop by 30% in one quarter? I think most people were expecting a drop of some kind due to the loss of the $7500 tax credit, but 30% drop is far larger of a drop than almost anyone ever expected. Note that Tesla also dropped the price of all M3 by $2000. So Tesla also has lower-margins in Q1 2019 than Q4 2018. Lower-margins AND lower-volume is a pretty bad sign.
      - leesec 8y ago
        Unforeseen logistics issues when delivering to a multitude of countries. It's not a bad sign, they have the best selling EV in the world and expect to be profitable from here on out. If they they aren't profitable the next 3 quarters then I'd be worried.
        dragontamer 8y ago
        > Unforeseen logistics issues when delivering to a multitude of countries. Why did PRODUCTION drop? What happened to US demand? The M3 sold 61,000 Units Q4 2018 in the USA alone. Why would expanding to China + Europe lower both production and deliveries? Why would Tesla only make 51,000 M3 cars when trying to satisfy China + US + Europe? Note what Tesla said: > At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally. Okay, so lets say all of those vehicles in transit were delivered in Q1. That means Tesla "would have" delivered 70,000 cars (total, S+X+3), which is still a 20% drop from the 90,000 (S+X+3) delivered in Q4.
    - navigatesol 8y ago
      >Production is up year over year, no? Ok, sure. Now what happens to y-o-y growth when q-o-q growth is stagnant?
      - xkjkls 8y ago
        Stagnant is an understatement. It dropped 30%

Most cars at dealerships don't have "dead" written on the windshield. I'm not sure what that means, but it doesn't sound that great.

by tntn 8y ago

Most cars at dealerships don't have "dead" written on the windshield. I'm not sure what that means, but it doesn't sound that great.

wyldfire 8y ago

shrug, someone made a poor choice when assigned the task of triaging the product returns. Should've used a database or some other sort of private index, this publicity looks bad. > Tsla was always storing cars at 761 but not this many Production is up, ergo returns are up. The count of units returned is useless without normalizing it against the units produced. Of course, even with that it's likely a bad score for Tesla. There have been many public reports of poor quality product leaving the factory because of Tesla's challenges scaling up production. These returns are just the inevitable outcome from those earlier reports.

dragontamer 8y ago
> Production is up, ergo returns are up. Production is down actually from Q4 2018. http://ir.tesla.com/news-releases/news-release-details/tesla-q4-2018-vehicle-production-deliveries-also-announcing-2000 http://ir.tesla.com/news-releases/news-release-details/tesla... > Production in Q4 grew to 86,555 vehicles http://ir.tesla.com/news-releases/news-release-details/tesla-q1-2019-vehicle-production-deliveries http://ir.tesla.com/news-releases/news-release-details/tesla... > In the first quarter, we produced approximately 77,100 total vehicles
- dmix 8y ago
  Production is up year over year, no? We don't know what timeframe the tweet author is talking about. Did he mean there weren't many Tesla's there last quarter or a long time ago?
  - dragontamer 8y ago
    > Production is up year over year, no? I mean, that's expected for a growth company. What's unexpected for a "growth" company is a sudden halt in growth. Why would production drop by roughly 10% and deliveries drop by 30% in one quarter? I think most people were expecting a drop of some kind due to the loss of the $7500 tax credit, but 30% drop is far larger of a drop than almost anyone ever expected. Note that Tesla also dropped the price of all M3 by $2000. So Tesla also has lower-margins in Q1 2019 than Q4 2018. Lower-margins AND lower-volume is a pretty bad sign.
    - leesec 8y ago
      Unforeseen logistics issues when delivering to a multitude of countries. It's not a bad sign, they have the best selling EV in the world and expect to be profitable from here on out. If they they aren't profitable the next 3 quarters then I'd be worried.
      - dragontamer 8y ago
        > Unforeseen logistics issues when delivering to a multitude of countries. Why did PRODUCTION drop? What happened to US demand? The M3 sold 61,000 Units Q4 2018 in the USA alone. Why would expanding to China + Europe lower both production and deliveries? Why would Tesla only make 51,000 M3 cars when trying to satisfy China + US + Europe? Note what Tesla said: > At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally. Okay, so lets say all of those vehicles in transit were delivered in Q1. That means Tesla "would have" delivered 70,000 cars (total, S+X+3), which is still a 20% drop from the 90,000 (S+X+3) delivered in Q4.
  - navigatesol 8y ago
    >Production is up year over year, no? Ok, sure. Now what happens to y-o-y growth when q-o-q growth is stagnant?
    - xkjkls 8y ago
      Stagnant is an understatement. It dropped 30%