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If you look at the news coming out of Tesla over the last year or so, it’s obvious that the company is desperately trying to find ways to decrease operating costs. Whether it’s by closing down dealerships, publicly dismissing LIDAR because it’s too expensive, allegedly attempting to block worker’s comp cases, or laying off 9% of its workforce last June and a further 7% this January.

On Thursday Tesla CEO Elon Musk stepped up to a new level of money crunch when, according to Reuters, he told employees that every single page of any request for money needs to be signed off by either himself or company chief financial officer, Zack Kirkhorn, no matter how small. Musk confirmed this by confirming this crunch includes parts, salary, travel expenses, rent, and “literally every payment that leaves our bank account must be reviewed.”

In that same statement to employees, Musk stated that if the company’s Q1 losses of $700 million were to extend through the year, the company would be out of money within 10 months. Despite recently closing a $2.7 billion offering of stock and convertible notes, the company currently only has reserves of $2.2 billion.

Musk on the cash crunch: “This is hardcore, but it is the only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable.”

A similar email was sent in April of last year where Musk stated he had told the Tesla financial team to “comb through every expense worldwide” to find line items that could save the company money. A year later, the company is chasing the same issues. It’s clear that Musk no longer trusts the financial team to make the right decisions with company money, and has adopted an “I alone can fix it” view of the situation.

Can Tesla produce, sell, and deliver cars at a rate that will make the company a sustainable profit? I think long term it’s possible. Can it be done in 10 months? I somehow doubt it.

https://jalopnik.com/elon-musk-says-tesla-needs-financial-micromanagement-or-1834865145
 

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EVs are not profitable. Not yet.
Tesla sell EVs losing money.
Tesla is not financially viable.
Tesla will go to banckrupcy soon.


Every body know those facts...
 

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Actually listening to or reading the release from the Tesla 1st Qtr earnings call explained where the bulk of the $700 Million in losses for the quarter came from. The bulk was tied to building out the European markets and China for future product sales growth. What came with that was 10,600 $60k+ models that were in transit that were not added to the books at over $600M in revenues on boats to Europe and China.

Looking at Tesla EV profitability, Model S and X are over 20% profitable and Model 3 is close to 30% profitable.

Now with the sale of Maxwell complete, and the new dry electrode batteries that are 30% less to manufacture, can't burn, faster to manufacturer, with Zero cobalt, requiring much less space to manufacturer and offering an initial 30% battery density increase over the current Panasonic cells (these cells are already being tested in the New Roadster and Semi, and will be in the Pick-up and next gen pack for Model 3 next year), with a 90% incrase over current Panasonic battery cells in the near future, there is a big announcement coming.

Not only will Tesla leap even further forward with battery technolgy far surpassing anything the competitoin can offer, but they own it and can license it. So the belt tightening is about much more than just making cars, but preparing to rapidly ramping up Tesla's own highly profitable battery business, to support the car, solar, power storage businesses.

There is more...Ultracapacitors and Supercapacitors!

Just a few of Tesla's largest customers today:

Geely/Volvo
General Motors
Lamborghini
Continental AG
PSA

What's happening at Tesla today is so huge that the 'market' is doing what it does, try and drive down the price as much as possible before the announcements happen, then profit off the rapid stock price increase.

Just do a little research and get up to speed...

https://www.maxwell.com
 

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Actually listening to or reading the release from the Tesla 1st Qtr earnings call explained where the bulk of the $700 Million in losses for the quarter came from. The bulk was tied to building out the European markets and China for future product sales growth. What came with that was 10,600 $60k+ models that were in transit that were not added to the books at over $600M in revenues on boats to Europe and China.

Looking at Tesla EV profitability, Model S and X are over 20% profitable and Model 3 is close to 30% profitable.

Now with the sale of Maxwell complete, and the new dry electrode batteries that are 30% less to manufacture, can't burn, faster to manufacturer, with Zero cobalt, requiring much less space to manufacturer and offering an initial 30% battery density increase over the current Panasonic cells (these cells are already being tested in the New Roadster and Semi, and will be in the Pick-up and next gen pack for Model 3 next year), with a 90% incrase over current Panasonic battery cells in the near future, there is a big announcement coming.

Not only will Tesla leap even further forward with battery technolgy far surpassing anything the competitoin can offer, but they own it and can license it. So the belt tightening is about much more than just making cars, but preparing to rapidly ramping up Tesla's own highly profitable battery business, to support the car, solar, power storage businesses.

There is more...Ultracapacitors and Supercapacitors!

Just a few of Tesla's largest customers today:

Geely/Volvo
General Motors
Lamborghini
Continental AG
PSA

What's happening at Tesla today is so huge that the 'market' is doing what it does, try and drive down the price as much as possible before the announcements happen, then profit off the rapid stock price increase.

Just do a little research and get up to speed...

https://www.maxwell.com
...you watch the market long enough, you learn their tricks. They shake out the suckers then launch the price skyward. GF3 looks almost complete. They’ll be tooled up by year end. They are the only Western auto company who owns 100% of their Chinese venture. The Chinese market is massive for EVs. They’ll get to bypass any and all tariffs.

Tesla always is walking a tightrope, but Maxwell acquisition is potentially big. They “see a path” to 500wh/kg with dry application, which would probably double their current density. Insane to think about the impact that will have on the market. 1kwh/kg and ****...we’ll be living in a sci-fi future.
 

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...you watch the market long enough, you learn their tricks. They shake out the suckers then launch the price skyward. GF3 looks almost complete. They’ll be tooled up by year end. They are the only Western auto company who owns 100% of their Chinese venture. The Chinese market is massive for EVs. They’ll get to bypass any and all tariffs.

Tesla always is walking a tightrope, but Maxwell acquisition is potentially big. They “see a path” to 500wh/kg with dry application, which would probably double their current density. Insane to think about the impact that will have on the market. 1kwh/kg and ****...we’ll be living in a sci-fi future.
I agree. By the time there is an 'analyst report' the major players have already made theri plans, and the 'report' is to implement that plan, either help push the stock price down so the major players can buy more, or 'report' to increase the stock price, so major investors can sell at the highest profit. Right now major players who know what Tesla is about to announce, have already bought more while the suckers (who are only listening to what the analysts are telling them) are selling.
 

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A company where the purchase of toilet paper should be authorized by its CEO to control expenses is dead. It does not matter what you are going to announce. No matter what futuristic or Sci Fi technology is about to show. Is dead.


Another company that will have serious problems in the near future is VW. His commitment to bet everything on the EVs in the short term will lead to serious problems. In fact, at the last meeting of his executive committee, all the alarms have gone off and there are people on that board who do not like the plan. Today, I repeat, today, I do not see a market that can absorb the large number of EVs that VW plans to produce. But maybe I'm wrong ... if I'm not, it will be the biggest bankruptcy in decades.
 

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A company where the purchase of toilet paper should be authorized by its CEO to control expenses is dead. It does not matter what you are going to announce. No matter what futuristic or Sci Fi technology is about to show. Is dead.


Another company that will have serious problems in the near future is VW. His commitment to bet everything on the EVs in the short term will lead to serious problems. In fact, at the last meeting of his executive committee, all the alarms have gone off and there are people on that board who do not like the plan. Today, I repeat, today, I do not see a market that can absorb the large number of EVs that VW plans to produce. But maybe I'm wrong ... if I'm not, it will be the biggest bankruptcy in decades.
...preference cascade. Look at what happened to both Nokia and Blackberry. Once the market changes, if you aren’t prepared, well...
 

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I don't think any automaker is preparing to not be prepared. How quickly you transition will impact sales and profits, sure, but everyone is gearing up for it. VW no doubt believes that any slow transition to BEV will no doubt cost them in some sales in the short term, made up by the billions they saved by not investing in ICE or hybrids. It's not a bad strategy at all, completely ignoring the concern for adequate infrastructure to support the huge shift. Ford's strategy is typically conservative, but in this case I think they were wise to either stop or not invest billions in all new ICE sedan platforms in the coming years. Sales of course would have been pathetically weak, and the ROI even more pathetic as they begin their shift to BEV, while keeping a close eye on how quickly they need to pivot. It took me a while to recognize this strategy, which they are coy about, but the writing is on the wall regarding future ICE development programs.
 

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...preference cascade. Look at what happened to both Nokia and Blackberry. Once the market changes, if you aren’t prepared, well...



One thing is "get prepared", another thing is to put all your resources, work and money in a tech that is in its first steps in the road of customers acceptation.



VW is taking a big, very big risk.
 

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More Tesla news. This are not bad.... at all


Motor Trend compared the Tesla model 3 with BMW 3 series and Genesis G70, a sport sedan comparo. At some points of the article, the magazine call them "luxury compact sedans". But everybody here know what I think about call the Tesla model 3 a "luxury car". In fact, one editor say that the interior is not a luxury interior... and you can see why in the next picture:





.... and Motor Trend say the number one of this comparo is the Tesla. Why? Because it is fast. Thats all. No more reasons. Is the fastest in the 0-60 acceleration test, Tesla: 4.0 BMW: 5.4 , Genesis: 6.2 Of course, the Tesla is more powerful than the others: 346 vs BMW 255 and Genesis 252 hp. Of course, a more powerful BMW exist, but it is not the intent of Motor Trend to give Tesla the opportunity to lose the comparison . A more powerful BMW will cost more, but the quality of the car, the real luxury appointments and the brand cachet justify the money, IMO.



Whatever... Tesla lovers have more arguments to continue loving these refrigerators on wheels...


The link: http://https://www.motortrend.com/cars/tesla/model-3/2018/tesla-model-3-vs-bmw-330i-vs-genesis-g70-comparison-test/
 

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Tesla sends e-Mail suggesting production ramp at Fremont. https://www.teslarati.com/tesla-tsla-rises-leaked-memo-model-3-production-boost-hiring-ramp/

Further: Tesla built an 870,000sq ft building that watchers assumed would be a distribution center. Earlier Tesla announced Model Y would proceed at Fremont.

Flyovers at the Lathrop facility (the new building) shows new cars sitting outside the facility including, most strangely, a metal roofed Model S that has been discontinued since ‘17.

https://www.teslarati.com/tesla-lathrop-distribution-center-nears-operational-stage/amp/

Last, Tesla job postings for Lathrop include pano-roof individuals, another option that hasn’t been available in at least a year on the S.

Reasonable conclusion? Tesla moving Model S/X to Lathrop and installing Y alongside Mod 3, since they share 75% of their parts. The move will thus allow Tesla to offer more options again on the S/X. Just a guess, but it seems to explain all recent events.
 

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I am enjoying the impressive solitude from Tesla haters as of late. Where have all of you doomsayers went?





Oh , dear, I´m here. I want to talk about the negative from Tesla to refresh or redesign the Model S and Model X because they don´t have the money.... but is very boring to talk about Tesla and its refrigerators on wheels. Almost as boring as seeing those cars... https://techcrunch.com/2019/07/08/tesla-will-not-refresh-its-model-s-or-model-x-electric-vehicles/?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_cs=NfIQs3HD1f2BUYZVwl4FPA


In the good side of the news from Tesla, they are producing many cars... and that is good. This will retard the banckruptcy. Maybe 2 or 3 years, until the others automakers start producing really good EVs, in a massive numbers...



:x
 

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I am enjoying the impressive solitude from Tesla haters as of late. Where have all of you doomsayers went?





Oh , dear, I´m here. I want to talk about the negative from Tesla to refresh or redesign the Model S and Model X because they don´t have the money.... but is very boring to talk about Tesla and its refrigerators on wheels. Almost as boring as seeing those cars... https://techcrunch.com/2019/07/08/tesla-will-not-refresh-its-model-s-or-model-x-electric-vehicles/?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_cs=NfIQs3HD1f2BUYZVwl4FPA


In the good side of the news from Tesla, they are producing many cars... and that is good. This will retard the banckruptcy. Maybe 2 or 3 years, until the others automakers start producing really good EVs, in a massive numbers...



/forums/images/FordInsideNews_2015/smilies/tango_face_kiss.png
The 2nd half of 2019 will not be the best time to start laying plans for Tesla’s demise. It will be a string of big news from now until the end of the year.
 

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The 2nd half of 2019 will not be the best time to start laying plans for Tesla’s demise. It will be a string of big news from now until the end of the year.



22 millions of EVs in the next decade. Only from the VW group.



This is overwhelming. Tesla will not survive to this kind of competition.


:wink2:
 

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Directly unrelated to topic, but certainly tangentially related, the link below is an exceptional read regarding energy use and the impact on society.

THE “NEW ENERGY ECONOMY”: AN EXERCISE IN MAGICAL THINKING

https://media4.manhattan-institute.org/sites/default/files/R-0319-MM.pdf

Executive Summary:

A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy. It began with the fear that we were running out of oil. That fear has since migrated to the belief that, because of climate change and other environmental concerns, society can no longer tolerate burning oil, natural gas, and coal—all of which have turned out to be abundant.

So far, wind, solar, and batteries—the favored alternatives to hydrocarbons—provide about 2% of the world’s energy and 3% of America’s. Nonetheless, a bold new claim has gained popularity: that we’re on the cusp of a tech-driven energy revolution that not only can, but inevitably will, rapidly replace all hydrocarbons.

This “new energy economy” rests on the belief—a centerpiece of the Green New Deal and other similar proposals both here and in Europe—that the technologies of wind and solar power and battery storage are undergoing the kind of disruption experienced in computing and communications, dramatically lowering costs and increasing efficiency. But this core analogy glosses over profound differences, grounded in physics, between systems that produce energy and those that produce information.

In the world of people, cars, planes, and factories, increases in consumption, speed, or carrying capacity cause hardware to expand, not shrink. The energy needed to move a ton of people, heat a ton of steel or silicon, or grow a ton of food is determined by properties of nature whose boundaries are set by laws of gravity, inertia, friction, mass, and thermodynamics—not clever software.

This paper highlights the physics of energy to illustrate why there is no possibility that the world is undergoing— or can undergo—a near-term transition to a “new energy economy.”

Among the Reasons:

--Scientists have yet to discover, and entrepreneurs have yet to invent, anything as remarkable as hydrocarbons in terms of the combination of low-cost, high-energy density, stability, safety, and portability. In practical terms, this means that spending $1 million on utility-scale wind turbines, or solar panels will each, over 30 years of operation, produce about 50 million kilowatt-hours (kWh)—while an equivalent $1 million spent on a shale rig produces enough natural gas over 30 years to generate over 300 million kWh.


--Solar technologies have improved greatly and will continue to become cheaper and more efficient. But the era of 10-fold gains is over. The physics boundary for silicon photovoltaic (PV) cells, the Shockley-Queisser Limit, is a maximum conversion of 34% of photons into electrons; the best commercial PV technology today exceeds 26%.


--Wind power technology has also improved greatly, but here, too, no 10-fold gains are left. The physics boundary for a wind turbine, the Betz Limit, is a maximum capture of 60% of kinetic energy in moving air; commercial turbines today exceed 40%.


--The annual output of Tesla’s Gigafactory, the world’s largest battery factory, could store three minutes’ worth of annual U.S. electricity demand. It would require 1,000 years of production to make enough batteries for two days’ worth of U.S. electricity demand. Meanwhile, 50–100 pounds of materials are mined, moved, and processed for every pound of battery produced.
 
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