5 ms·

Musk's leaked email shows Tesla to make record deliveries in second quarter

14 points by golfer 7y ago

foobarbazetc 7y ago
“Leaked”
- jason_zig 7y ago
  Yeah SEC stops him from tweeting but where theres a will theres a way...
  - confiscate 7y ago
    by that logic, the 1st email was "leaked" intentionally? The 1st leaked email about burning cash over 10 months, causing the stock to crash even more "where there's a will there's a way". So by your logic he wants the stock to go down
madengr 7y ago
Tesla needs to figure out the post sales service and parts. Right now it seems they are cranking out cars like phones; with the intent of disposal after a few years.
- CameronNemo 7y ago
  Eh? I thought they backed up their cars pretty well. Of course, opening up and fostering postmarket service would make people significantly less wary of a less established car company.
  - jklm 7y ago
    They do back them up pretty well...but the queue to get serviced is extremely long. Or so I’ve heard.
    - jvanderbot 7y ago
      A friend had a problem with theirs. They pulled over and pressed a button to connect to techs. The tech ran a series of remote diagnostics and cycled potentially faulty actuators (e.g. brakes in this case). They were on their merry way in half an hour with a full report of health.
    - daxorid 7y ago
      It's a bimodal distribution; if you have mechanical or electrical issues, they are generally quite good with service. God help you if you need body work, however.
- millzlane 7y ago
  He did say the battery was rated for 1500 cycles. At two cycles a week that 14 years. Longer than most people keep a car. That is also with virtually zero engine maintenance. https://www.teslarati.com/tesla-model-3-battery-module-replacements-elon-musk/ https://www.teslarati.com/tesla-model-3-battery-module-repla...
  - jhwork 7y ago
    Do people only charge their car twice a week? We have charging stations at work and they are packed each day and each car has a scheduled time.
    - jvanderbot 7y ago
      1500 / 5 per week is still 6 years. The tesla home pack is made from refurbed car packs, so perhaps they'll have a generous buyback in place.
    - davidgould 7y ago
      People only charge enough for the amount they drive. If the car has 250 miles of range and the commute is 25 miles then charging once a week is reasonable.
mdorazio 7y ago
Has anyone else ever seen an email like this with potentially SEC-violating information sent broadly to staff ahead of public release? I've worked with a lot of large companies and unless this was leaked by someone senior on the finance team, it's extremely fishy (usually employees find out key information like this in the news before or at the same time as internal memos).
- floatingatoll 7y ago
  Yes.
djanogo 7y ago
It's conveniently leaked through Chinese website, I assume through multiple VPN's. He don't trust to leak through US bloggers or journalists anymore.
deleted 7y ago
[deleted]
Someone 7y ago
Musk isn’t known for being careful in his extrapolations, so I wouldn’t use “shows”, but something like “states” (“claims” is too negative) Also, what is a “net new order”? If that’s orders received minus orders cancelled, that “50,000 as of last Tuesday” extrapolates to about 90,000 in the quarter (May 21 is the 51st day in a 91 day quarter), so if they are to beat the 90,700 deliveries, and all else staying equal, they will run out of customers, but only very slowly. Given the simplifications in that model, I don’t think that is concerning, but if they want to produce 10,000 cars a week by end of the year, they’ll need about 40% more orders.
chadmeister 7y ago
What a convenient rumor to start while their stock price is getting clobbered.
- confiscate 7y ago
  Maybe the 1st email was leaked intentionally, according to your logic? The 1st leaked email about burning cash over 10 months How convenient that email leaked when the stock price is getting clobbered, adding insult to injury. How convenient
golfer 7y ago
PSA for people. Tesla net income in millions: Q1 2019: -$702 2018: -$976 2017: -$1,961 2016: -$675 2015: -$889 2014: -$294 2013: -$74 2012: -$396 2011: -$254 2010: -$154 2009: -$56 2008: -$82 2007: -$78

14 points by golfer 7y ago

foobarbazetc 7y ago

“Leaked”

jason_zig 7y ago
Yeah SEC stops him from tweeting but where theres a will theres a way...
- confiscate 7y ago
  by that logic, the 1st email was "leaked" intentionally? The 1st leaked email about burning cash over 10 months, causing the stock to crash even more "where there's a will there's a way". So by your logic he wants the stock to go down

madengr 7y ago

Tesla needs to figure out the post sales service and parts. Right now it seems they are cranking out cars like phones; with the intent of disposal after a few years.

CameronNemo 7y ago
Eh? I thought they backed up their cars pretty well. Of course, opening up and fostering postmarket service would make people significantly less wary of a less established car company.
- jklm 7y ago
  They do back them up pretty well...but the queue to get serviced is extremely long. Or so I’ve heard.
  - jvanderbot 7y ago
    A friend had a problem with theirs. They pulled over and pressed a button to connect to techs. The tech ran a series of remote diagnostics and cycled potentially faulty actuators (e.g. brakes in this case). They were on their merry way in half an hour with a full report of health.
  - daxorid 7y ago
    It's a bimodal distribution; if you have mechanical or electrical issues, they are generally quite good with service. God help you if you need body work, however.
millzlane 7y ago
He did say the battery was rated for 1500 cycles. At two cycles a week that 14 years. Longer than most people keep a car. That is also with virtually zero engine maintenance. https://www.teslarati.com/tesla-model-3-battery-module-replacements-elon-musk/ https://www.teslarati.com/tesla-model-3-battery-module-repla...
- jhwork 7y ago
  Do people only charge their car twice a week? We have charging stations at work and they are packed each day and each car has a scheduled time.
  - jvanderbot 7y ago
    1500 / 5 per week is still 6 years. The tesla home pack is made from refurbed car packs, so perhaps they'll have a generous buyback in place.
  - davidgould 7y ago
    People only charge enough for the amount they drive. If the car has 250 miles of range and the commute is 25 miles then charging once a week is reasonable.

mdorazio 7y ago

Has anyone else ever seen an email like this with potentially SEC-violating information sent broadly to staff ahead of public release? I've worked with a lot of large companies and unless this was leaked by someone senior on the finance team, it's extremely fishy (usually employees find out key information like this in the news before or at the same time as internal memos).

floatingatoll 7y ago
Yes.

djanogo 7y ago

It's conveniently leaked through Chinese website, I assume through multiple VPN's. He don't trust to leak through US bloggers or journalists anymore.

deleted 7y ago

[deleted]

Someone 7y ago

Musk isn’t known for being careful in his extrapolations, so I wouldn’t use “shows”, but something like “states” (“claims” is too negative) Also, what is a “net new order”? If that’s orders received minus orders cancelled, that “50,000 as of last Tuesday” extrapolates to about 90,000 in the quarter (May 21 is the 51st day in a 91 day quarter), so if they are to beat the 90,700 deliveries, and all else staying equal, they will run out of customers, but only very slowly. Given the simplifications in that model, I don’t think that is concerning, but if they want to produce 10,000 cars a week by end of the year, they’ll need about 40% more orders.

chadmeister 7y ago

What a convenient rumor to start while their stock price is getting clobbered.

confiscate 7y ago
Maybe the 1st email was leaked intentionally, according to your logic? The 1st leaked email about burning cash over 10 months How convenient that email leaked when the stock price is getting clobbered, adding insult to injury. How convenient

golfer 7y ago

PSA for people. Tesla net income in millions: Q1 2019: -$702 2018: -$976 2017: -$1,961 2016: -$675 2015: -$889 2014: -$294 2013: -$74 2012: -$396 2011: -$254 2010: -$154 2009: -$56 2008: -$82 2007: -$78