You have until March 18 to order before the price increase...
General Motors will close three assembly plants by the end of 2019, it said Monday, including Detroit-Hamtramck, Lordstown in Ohio and Oshawa in Ontario.
More than 6,200 jobs are at stake: roughly 1,500 in Hamtramck; 1,600 in Lordstown; about 2,500 in Oshawa; and a total of 645 at transmission plants in Warren in suburban Detroit and near Baltimore.
The Hamtramck plant makes the Chevrolet Volt and Impala, the Cadillac CT6 and the Buick LaCrosse. Those vehicles and other cars made at the targeted facilities will be terminated.
In addition to the production cuts, GM said it will reduce its North American white-collar workforce by about 8,000.
Update on Tesla Stores and Pricing
The Tesla Team March 10, 2019
Last month, we announced that we would be winding down many of our stores and moving to online-only sales in order to pass the savings along to our customers.
Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months. When we recently closed 10% of sales locations, we selected stores that didn’t invite the natural foot traffic our stores have always been designed for. These are stores that we would have closed anyway, even if in-store sales made up our entire sales model. A few stores in high visibility locations that were closed due to low throughput will be reopened, but with a smaller Tesla crew. In addition, there are another 20% of locations that are under review, and depending on their effectiveness over the next few months, some will be closed and some will remain open.
As a result of keeping significantly more stores open, Tesla will need to raise vehicle prices by about 3% on average worldwide. In other words, we will only close about half as many stores, but the cost savings are therefore only about half.
Potential Tesla owners will have a week to place their order before prices rise, so current prices are valid until March 18th. There will be no price increase to the $35,000 Model 3. The price increases will only apply to the more expensive variants of Model 3, as well as Model S and X.
To be clear, all sales worldwide will still be done online, in that potential Tesla owners coming in to stores will simply be shown how to order a Tesla on their phone in a few minutes.
And the generous return policy of 1000 miles or 7 days, whichever comes first, should alleviate the need for most test drives.
However, cars will still be available for test drives at stores at the potential Tesla owner’s request. Stores will also carry a small number of cars in inventory for customers who wish to drive away with a Tesla immediately.
https://www.freep.com/story/money/c...hamtramck-workers-impala-cadillac/2950160002/I admit it is all very odd. Certainly a combination of things (in blog post below).
They really have to learn to stick it to their people and loyal customers (like us) and never look back like GM.
General Motors is giving nearly 800 workers at its Detroit-Hamtramck plant a seven-month reprieve.
GM had said it will still indefinitely idle the plant, along with four other GM facilities in North America, including the Warren Transmission plant, as part of a broader restructuring move that GM announced on Nov. 26.
After reading that part it can be concluded it is rubbish and has ulterior motives.What is clear is that Tesla sales in 2019 have been disastrous. InsideEVs, a publication close to Tesla, tracks US electric vehicle deliveries, and, according to its numbers, January and February deliveries were down by around 80 percent compared to the months leading up.
This is absurd. It was 100% expected and talked about ALL over the place. Most of the cars are diverted to international orders.Here are the Inside EV charts for Model 3 sales that were referenced in the article
There does seem to be a dramatic drop in Jan and Feb 2019 compared to the last two quarters of 2018, but maybe that's seasonal. Still, dropping from 25,250 in December to 6,500 in Jan and 5750 in Feb seems like a lot. Could it be the tax credit effect? Or perhaps the pent up demand has been filled and that's the worry of some.
Scott, perhaps you need to let Ars Technica and InsideEV's know where they went wrong with their numbers?
The $35K Model 3 is no surprise. Last year at the TSLA Shareholders meeting, Elon was asked about it. He responded that they were thinking prototype SR packs in 4Q18 with possible deliveries 1Q19. (I was present at the meeting and heard him state it.) Looks like that is what he did. Model Y announcement is about when expected as well. The only real surprise, to me anyway, was that they will be expanding the Gigafactory in Nevada for Model Y assembly lines. It is a good move....Others have noted that the surprise advancement of the $35k Model 3 release from the most recent release timetable had a whiff of sales desperation around it. I don't know if that's true or not, but things do seem a bit helter skelter. I wonder how many will give Tesla a $1000 deposit for a Model Y? Maybe a bunch of Model 3 owners will unload them for a Y. If so, Some may get a higher end used Model 3 for $35k.
I think this is a personal opinion. They have a brand that has some cache, but there are plenty of people that eschew that type of status symbolism. Their charger network is certainly enviable, but that's changing as time goes on also.As for the assertion that being only a seller of EV makes their exposure greater to market down turns ignores the fact they are the only company selling volume because they have the only EVs people actually want.
I don't think Tesla's especially exposed. It's just a question of execution. Tesla is moving to larger segments, in a rapidly growing market and is in a position to take advantage of the inability of other manufacturers to provide the volume that can meet demand.Overall car sales have been on a tear the last couple of years, and are beginning to ebb. Tesla is caught up in that like everyone else, but their exposure is greater. They only sell EVs which are a tiny share of the market. And they only sell high priced vehicles which are also a small share of the market. The way that companies like MB, BMW, and even Porsche have been able to continue making profits over the last several years, is by introducing cheaper and cheaper models (e.g. MB A Class, BMW 1-Series) that can sell in higher volumes. Otherwise, MB can't sell enough S Class cars to make enough money to support ongoing R&D.
I think in Europe and China the issue might be even more pronounced, and the charging network comes into greater focus. Because unlike the US, in Europe and China single family home ownership is not nearly as great, especially as you come down the income scale to people buying only entry level premium cars.I don't think Tesla's especially exposed. It's just a question of execution. Tesla is moving to larger segments, in a rapidly growing market and is in a position to take advantage of the inability of other manufacturers to provide the volume that can meet demand.
2018 US Premium market was over 1.75M. Entry Level Premium is the largest chunk of that, and has an ASP of $42k.
In the European market BEV sales grew by 48% last year to 200k, there are long waiting lists (up to 1 year), they have favorable tax treatment, and gasoline and diesel are very expensive.
And then there's China.