Tesla Model 3

[Irvinecommuter]

What about the Chevy bolt?

200 miles plus EV , $30k after tax subsidies

http://mashable.com/2016/03/22/2017-chevrolet-bolt-pre-production/#oRiGCUP.2Sqz

I believe GM loses money on every volt sold but they can do that because they have other profits from other profitable product lines. If GM only sold volts they would be out of business

Edit - just noticed you were saying bolt not volt. I still think they will lose money on every bolt sold.

According to seeking alpha, "Tesla loss per car sold approximately $18,331.
http://seekingalpha.com/article/388...oss-per-car-net-margin-hit-frightening-levels

Sorry..that's a really poor way of measuring profitability.  Tesla has been on an expansion and R&D binge.  That's is why they using up money, not because they're losing money on cars.  There are several articles that estimate that Tesla's profit margin on the Tesla S is as high as 25%, which is incredibly high for a car.
http://seekingalpha.com/article/2790765-the-truth-about-teslas-gross-margin
http://marketrealist.com/2015/10/projections-teslas-3q15-gross-margins-drivers/
http://bgr.com/2015/08/11/tesla-model-s-profits-4000/

The r&d expenses and SG&A expenses have been increasing.

Yes as they do when you expand to new markets and sell more cars.

 

[eyephone]

What about the Chevy bolt?

200 miles plus EV , $30k after tax subsidies

http://mashable.com/2016/03/22/2017-chevrolet-bolt-pre-production/#oRiGCUP.2Sqz

I believe GM loses money on every volt sold but they can do that because they have other profits from other profitable product lines. If GM only sold volts they would be out of business

Edit - just noticed you were saying bolt not volt. I still think they will lose money on every bolt sold.

According to seeking alpha, "Tesla loss per car sold approximately $18,331.
http://seekingalpha.com/article/388...oss-per-car-net-margin-hit-frightening-levels

Sorry..that's a really poor way of measuring profitability.  Tesla has been on an expansion and R&D binge.  That's is why they using up money, not because they're losing money on cars.  There are several articles that estimate that Tesla's profit margin on the Tesla S is as high as 25%, which is incredibly high for a car.
http://seekingalpha.com/article/2790765-the-truth-about-teslas-gross-margin
http://marketrealist.com/2015/10/projections-teslas-3q15-gross-margins-drivers/
http://bgr.com/2015/08/11/tesla-model-s-profits-4000/

The r&d expenses and SG&A expenses have been increasing.

Yes as they do when you expand to new markets and sell more cars.

The fact is they are losing money.

When other players enter the long range EV market that means more competition. I predict they will lose more money.

 

[Irvinecommuter]

What about the Chevy bolt?

200 miles plus EV , $30k after tax subsidies

http://mashable.com/2016/03/22/2017-chevrolet-bolt-pre-production/#oRiGCUP.2Sqz

I believe GM loses money on every volt sold but they can do that because they have other profits from other profitable product lines. If GM only sold volts they would be out of business

Edit - just noticed you were saying bolt not volt. I still think they will lose money on every bolt sold.

According to seeking alpha, "Tesla loss per car sold approximately $18,331.
http://seekingalpha.com/article/388...oss-per-car-net-margin-hit-frightening-levels

Sorry..that's a really poor way of measuring profitability.  Tesla has been on an expansion and R&D binge.  That's is why they using up money, not because they're losing money on cars.  There are several articles that estimate that Tesla's profit margin on the Tesla S is as high as 25%, which is incredibly high for a car.
http://seekingalpha.com/article/2790765-the-truth-about-teslas-gross-margin
http://marketrealist.com/2015/10/projections-teslas-3q15-gross-margins-drivers/
http://bgr.com/2015/08/11/tesla-model-s-profits-4000/

The r&d expenses and SG&A expenses have been increasing.

Yes as they do when you expand to new markets and sell more cars.

The fact is they are losing money.

When other players enter the long range EV market that means more competition. I predict they will lose more money.

Yes...Tesla even states that it will not be profitable until 2020.  The big issue is that they still make to few cars. 

Tesla isn't just about making cars, it also makes batteries, which other carmarkers will probably buy because it is easier. 
http://amigobulls.com/articles/tesla-ceo-trash-talks-apple-reveals-profitability-roadmap

 

[qwerty]

Other car makers will not buy batteries from tesla. And tesla doesn't have the expertise to make their batteries that cheap.

 

[eyephone]

Other car makers will not buy batteries from tesla. And tesla doesn't have the expertise to make their batteries that cheap.

Correction - Toyota did and stopped.

 

[Irvinecommuter]

TESLA IS ADMIRED for building the cars of the future. But it?s not really a car company. It?s a battery company that happens to make electric cars.

At least, that?s the trajectory suggested by the news that Tesla will soon sell mega-batteries for homes and electric utility companies. CEO Elon Musk mentioned the possibility during an earnings call last February, and the plan was reportedly confirmed in an investor letter revealed yesterday. The official announcement is set to come next week.

Selling batteries for homes, businesses, and utilities may seem like a departure for a car company. But for Tesla, it makes perfect sense. An electric car is only as green as the electrical grid that powers it. And if Tesla?s batteries become widespread, they could help utilities take better advantage of inconsistent renewable energy sources like wind and solar. As demand for renewables rises, whether through regulatory mandate or consumer desire, so would utilities? demand for batteries that could help maintain a consistent flow?a demand Tesla is well-positioned to meet.

http://www.wired.com/2015/04/tesla-isnt-car-company-battery-company/

 

[eyephone]

So what, are we copy and pasting bios of companies on TI?

 

[Irvinecommuter]

So what, are we copy and pasting bios of companies on TI?

No...that Tesla is playing chess...not checkers.

 

[eyephone]

Tessa's Recent executive departures:
VP of communication
VP of finance

 

[riznick]

the model 3 might be the last model of tesla that people will be able to purchase.  After that, it will probably only be very short term leases/rentals only.  Elon Musk hinted at a presentation that he wants his cars to be the ultimate self-driving taxi, or the ultimate human/self-driving rental car???or both.

Tesla will pretty much become 2 things:
1. A battery company
2. A taxi and car lease company

 

[nosuchreality]

Any thoughts on the Prius-esque 200 mile range Chevy Bolt due out this fall?

 

[The Motor Court Company]

it is going to be a hit?
long lines in Australia waiting to pre-orderhttp://www.gizmodo.com.au/2016/03/heres-the-aussie-queue-for-teslas-model-3/

 

[eyephone]

it is going to be a hit?
long lines in Australia waiting to pre-orderhttp://www.gizmodo.com.au/2016/03/heres-the-aussie-queue-for-teslas-model-3/

Key level employees bailing

 

[Maserson]

Line at Costa Mesa is about 200 ppl.  I heard fashion island is about 300.

 

[AW]

folks camping out at the Costa Mesa one too, like Black Friday or any Apple releases

 

[woodburyowner]

MV mall had hundreds of people in line.  The line was basically out to A&F on the other end of the mall.  I got really lucky since a friend spotted me walking to the back and I was able to jump to the middle.

 

[sgip]

Brother has an early Tesla Model S (loves it) and is thinking of a Model X. Saw one in the wild today in Newport. Not the prettiest of vehicles considering the price point.

As much as I hate American cars, methinks the Bolt may be a Model 3 killer. Late 2017 or 2018 delivery for the Model 3 could be it's downfall.

(corrected model type. Thanks!)

My .02c

 

[SubSolar]

Brother has an early Tesla Model S (loves it) and is thinking of a Model X. Saw one in the wild today in Newport. Not the prettiest of vehicles considering the price point.

As much as I hate American cars, methinks the Bolt may be a Model S killer. Late 2017 or 2018 delivery for the Model S could be it's downfall.

My .02c

The Bolt competes with the Model 3 not the S. I think the Bolt would have to be significantly cheaper than the 3 for the same specs. Otherwise people will just buy the 3. I can't picture tens of thousands of people waiting in line for a Bolt.

 

[eyephone]

Brother has an early Tesla Model S (loves it) and is thinking of a Model X. Saw one in the wild today in Newport. Not the prettiest of vehicles considering the price point.

As much as I hate American cars, methinks the Bolt may be a Model S killer. Late 2017 or 2018 delivery for the Model S could be it's downfall.

My .02c

The Bolt competes with the Model 3 not the S. I think the Bolt would have to be significantly cheaper than the 3 for the same specs. Otherwise people will just buy the 3. I can't picture tens of thousands of people waiting in line for a Bolt.

The concept car for the new Nissan Leaf that will have long range EV looks nice.

 

[SubSolar]

I think the big question tonight is if they'll give the 8 year unlimited mile warranty and free supercharging standard on the 3. If they do and it's 200+ mile range for $25k after rebates, who wouldn't buy it?!