[scottf200]

http://ir.tesla.com/events.cfm

May 3, 2017 2:30 PM PT
Tesla Motors, Inc. First Quarter 2017 Financial Results Q&A Conference Call
Listen to webcast
Q1'17 Update Letter 629.2 KB <--- link

“Model 3 vehicle development is nearly complete as we approach the start of production. Release Candidate vehicles, built using production-intent tooling and processes, are being tested to assess fit and finish, to support vehicle software development and to ensure a smooth and predictable homologation process. Road testing is also underway to refine driving dynamics and ensure vehicle durability.

Simultaneously, preparations at our production facilities are on track to support the ramp of Model 3 production to 5,000 vehicles per week at some point in 2017, and to 10,000 vehicles per week at some point in 2018.

We recently powered on our newest Schuler press line, and have started the commissioning process. This will allow sufficient time to install and tune die sets ahead of volume production. Paint shop preparation has been completed and installations of our dedicated Model 3 body welding and general assembly lines are progressing well. Equipment installation is also underway for volume manufacturing of cells, modules, battery packs and drive units at Gigafactory 1. We are working closely with all Model 3 suppliers to ensure their readiness ahead of start of production.”

 

[DonC]

This might be great for those wanting a Bolt EV if it gets GM to discount more, especially if they are looking at leasing.

 

[bro1999]

Losses per share 64% higher than forecast. Ouch, stock is down in after hours trading.

 

[jupitermoon]

http://ir.tesla.com/events.cfm

May 3, 2017 2:30 PM PT
Tesla Motors, Inc. First Quarter 2017 Financial Results Q&A Conference Call
Listen to webcast
Q1'17 Update Letter 629.2 KB <--- link

It'll be interesting to see how the car does, how it performs, what problems it has, etc....exciting times and better for everyone that competition exists.

 

[tattoogunman]

I was just watching a news special on Tesla and, according to them, they have not had a single profitable year since they started. How they are worth more money than Ford is astounding to me seeing as they, apparently, are not making a dime. I guess they are financing everything through their stock sales?? How much longer can they afford to keep dumping money into this company without seeing a profit?? I've heard the Model 3 is supposed to be their make or break product, but admittedly, I am trying to get caught up on the company and EV stuff in general.

 

[Taser54]

Model 3 beta on track for July

 

[Chris TX]

Model 3 beta on track for July

Model 3 Production on track for July.

 

[Sheldon]

I was just watching a news special on Tesla and, according to them, they have not had a single profitable year since they started. How they are worth more money than Ford is astounding to me seeing as they, apparently, are not making a dime. I guess they are financing everything through their stock sales?? How much longer can they afford to keep dumping money into this company without seeing a profit?? I've heard the Model 3 is supposed to be their make or break product, but admittedly, I am trying to get caught up on the company and EV stuff in general.

Pretty wild- the assumption is Tesla's investments make them the guaranteed de facto largest player in the American automobile 10-15 years from now. Otherwise, yeah, why would Tesla possibly be worth more than GM or Ford??

I'm not knocking Tesla's achievements, the Model S/X, upcoming 3, and the super-charging network, other ventures. But Tesla's stock price seems way out of range.

 

[Qinsp]

Pretty wild- the assumption is Tesla's investments make them the guaranteed de facto largest player in the American automobile 10-15 years from now. Otherwise, yeah, why would Tesla possibly be worth more than GM or Ford??

I'm not knocking Tesla's achievements, the Model S/X, upcoming 3, and the super-charging network, other ventures. But Tesla's stock price seems way out of range.

TSLA is a popular gaming machine. Some like Wheel of Fortune or Blackjack or Keno, others like TSLA.

Their stock price has absolutely zero tie in to the company's balance sheet. Many folk have made millions on it, others have lost.

It will last until the stock stops fluctuating wildly. You can make quick money on a stock only if it moves up and down rapidly. And like sharks attracted to chum, the gamblers are drawn to the table.

If TSLA collapses, it has the potential to lose more play money than the GM BK cost. GM went BK during the 2009 global retreat. Cars were not selling. Many companies went BK or were sold for pennies on the dollar. Tesla doesn't currently have significant sales numbers to warrant it's purchase as a running car company, GM did obviously.

 

[Steverino]

Model 3 Production on track for July.

That's awesome news for the reservation holders. They will start getting their cars in July.

 

[Qinsp]

That's awesome news for the reservation holders. They will start getting their cars in July.

I am a Day One California (non-Tesla owner) reservationist. I will be pleasantly surprised if I receive a Model 3 by July but do not expect to.

2018 that is.

Why would think something that pessimistic?

The reveal cars had no charge ports and some SAE engineer believed the body was fiberglass. No outsiders were allowed to drive them.

It's over 1 year later, and no outsider has driven a Model 3. I don't think they have a fully functional car for the press yet, so ...

 

[Bacardi]

I am a Day One California (non-Tesla owner) reservationist. I will be pleasantly surprised if I receive a Model 3 by July but do not expect to.

2018 that is.

Why would think something that pessimistic?

The reveal cars had no charge ports and some SAE engineer believed the body was fiberglass. No outsiders were allowed to drive them.

It's over 1 year later, and no outsider has driven a Model 3. I don't think they have a fully functional car for the press yet, so ...

Totally agree...This is the parroted amongst many even Tesla owning cheerleaders...The bigger questions are when the first deliveries start and then when first non-employee deliveries will start...

 

[bro1999]

Model 3 Production on track for July.

Which is the unofficial beta test, as they are restricting these "deliveries" to Tesla employees.

Aaaaand TSLA down almost 5% today. Obviously Wall Street was not impressed by their earnings report. When losses per share exceed estimates by 60%, that will happen.