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Tesla tumbles on big drop in Norway sales

  • Tesla (TSLA) fell 4.3% today on news it sold fewer cars last month in Norway, one of its top markets in Europe; with the U.S. flat and Europe flat to down in deliveries, TSLA may be running out of new countries to meet expectations.
  • TSLA sold 536 Model S electric cars in Norway in June, a steep drop from 1,493 sold there in March, which was an all-time single market sales record in the country.
  • Some investors also pointed to worries brought on by LG Chem's apparent deal to build a battery plant in China to supply automakers such as state-owned SAIC Motor and GM.
  • Also, the Pennsylvania House of Representatives passes legislation to cap at five the number of TSLA retail stores in the state, a compromise that allows the electric car seller to avoid a battle with dealer groups; Ohio and New York have adopted similar legislation, and a similar bill is pending in New Jersey.
Comments (97)
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    These criminal politicians and their Crony Car dealer friends should leave TSLA alone.

     

    Let TSLA thrive or fail on it's own in the marketplace, so long as they are meeting all DMV and consumer regulations.
    2 Jul, 05:19 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (3187) | Send Message
     
    Don't worry. If it gets too unbearable to have to deal with all these cronies at the state level, Tesla can always get Federal law written to invalidate all the state restrictions in one fell swoop. They are, after all, engaged in interstate commerce, and that's a Federal prerogative. Right now these stories are free advertising in the states where the controversies come up. The media love controversies. Thanks, corrupt car dealers!

     

    Tesla fell, not because of any news, but because its price is outrageous compared to sales and earnings.
    2 Jul, 07:06 PM Reply Like
  • PrincePreston
    , contributor
    Comments (51) | Send Message
     
    And rewriting Federal law would be easy right now, with a divided Congress? How much would THAT cost in lobbyist fees...?
    You wrote: "Tesla fell, not because of any news, but because its price is outrageous compared to sales and earnings."
    Does that mean you think Tesla is a buy at todays market price?
    2 Jul, 07:48 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    TSLA has been a buy for a long time. Notice the word market price. That is the fair value of all opinions on the stock.
    2 Jul, 08:08 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8137) | Send Message
     
    TSLA by the numbers
    .........................

     

    Profit Margin: -8.03%
    Price to Book Value: 31.21
    Quarterly Free Cash Flow: -80.72 million dollars
    Return on Equity (TTM): -22.96%
    Price to Sales Ratio (TTM): 13.46 (Amazon, another wildly overpriced company, only has a P/S Ratio of 1.97)
    ----------------------...
    Good luck for those of you investing in Tesla at these sky high valuations...you're going to need it.
    2 Jul, 08:44 PM Reply Like
  • User 7369811
    , contributor
    Comments (123) | Send Message
     
    Hey, live by state power, die by state power right? I think it's laughable and embarrassing that TSLA fans are angry at crony state level governments going to bat for their car dealer constituents as though the same type of thing didn't happen to Tesla's benefit at the federal level. I'm aware they paid off the loan early with Goldman Sach's money which is just pick pocketing tax payers via a circuitous route.
    3 Jul, 01:56 AM Reply Like
  • BowenLi
    , contributor
    Comments (2) | Send Message
     
    If one can judge a stock based on numbers, anyone can be an expert.
    3 Jul, 08:35 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (1230) | Send Message
     
    LG chemical is probably building a factory to supply BMW's future EVs. I would suspect the batteries will be cheaper built in China than Arizona +++.
    2 Jul, 05:23 PM Reply Like
  • tombland
    , contributor
    Comments (117) | Send Message
     
    You still need to add shipping though...
    2 Jul, 05:43 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (3187) | Send Message
     
    "LG Chem’s plant will supply Chinese carmakers such as SAIC Motor (SHA: 600104) and Qoros Auto Co. Ltd. and global auto companies such as General Motors Co. (NYSE:GM) and Renault SA (EPA:RNO). The company also makes batteries for electric vehicle models made by Ford Motor Co., Hyundai Motor Co., Kia Motors Corp., and Zhejiang Geely Holding Group Co’s Volvo Car Corp., WSJ noted." Nope, BMW not there. Bad guess. Let's check Samsung:

     

    "The announcement comes just months after Samsung SDI (KRX:006400) unveiled a similar battery expansion plan in China. The South Korean manufacturer said in January that it would build a car battery plant in Xi’an by 2015, as well as invest $600 million in the joint project with a local partner over the next five years, Financial Times said. Samsung SDI provides batteries for Chrysler and BMW’s electric car models, and has partnered with Ford to develop new plug-in battery technologies." There's where BMW is.
    2 Jul, 07:11 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (4048) | Send Message
     
    The big news is (both the LG Chem and Samsung SDI expansion plant news are already a few months old, this is just confirmation...) that the big Asian players will continue to make very competitive batteries long-term.

     

    There's also Lishen, BYD and others in the race.

     

    If needed, they can all transplant their battery factories and build additional ones in the US and Europe (as Nissan did with its inhouse plants for the Leaf).

     

    I highly doubt TSLA will have big cost advantage despite higher vertical integration.
    3 Jul, 05:46 AM Reply Like
  • peet365
    , contributor
    Comments (39) | Send Message
     
    What you guys don´t understand is that if you can produce BMW3 size EV car - comfortable seating 4 and for short distances 5 people, with 300 km range, 450-500 liter trunk space, acceleration 0-100 km/hour around 8s, charging infrastructure with charging speed at least 130 KW and starting price 35.000 USD, than your market is almost limitless and you can sell as much as you produce. With that car you are competing not only with BMW3, A4 and C klasse but with high end Camries and Passats of the world. Does not matter if China will produce 1 mil cars like this per year. You will be able to sell another 500k in the rest of the world easily. So it doesn´t matter what others do in 2017. If Tesla will be able to produce such a car they will sell it - plain and simple. World car market is approaching 100 mil per year. So even 5 mil for EV in 2020 is still a niche market. If tesla will deliver gen III in 2017 which will meet all the criteria they say it will, the only way it can fail is that there will be 5-10 millions of EV with better characteristics on the market. And that is not gonna happen.
    3 Jul, 10:16 AM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1127) | Send Message
     
    The giga factory and the gen 3 have been out of the news cycle for a long time. It is time for Tesla to state where and when the factories are going to be built. And ANY news on the Gen 3 production would help the stock.
    2 Jul, 05:27 PM Reply Like
  • jimr1
    , contributor
    Comments (48) | Send Message
     
    Of what relevance is regional sales data fluctuations for a company that is production constrained and not sales constrained?
    2 Jul, 05:29 PM Reply Like
  • gwashn
    , contributor
    Comments (121) | Send Message
     
    Tesla is NOT production constrained. They are sales constrained.
    2 Jul, 05:44 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    You've got to be kidding. There is a backlog of several months. That should tell you the company is production constrained and not sales constrained.

     

    And this is for a company that does not advertise due to that production constraint. Folks here in Illinois are still unaware or vaguely aware of Tesla Motors or the Model S. Once production ramps up to the point that advertising makes sense, look for sales to explode upward exponentially.
    2 Jul, 06:08 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (3187) | Send Message
     
    Stop drinking Santos's Kool Aid.
    2 Jul, 07:14 PM Reply Like
  • gwashn
    , contributor
    Comments (121) | Send Message
     
    Curt,

     

    Delivery times have steadily declined. Domestics sales have been down sequentially every quarter for the last year. At some point domestic sales and delivery times must increase for you to be correct. So far that has not happened.
    2 Jul, 08:48 PM Reply Like
  • User 7369811
    , contributor
    Comments (123) | Send Message
     
    I don't think sales "explode upward exponentially" on any 105$ ASP luxury barge Curt, whether it's electric or not.
    3 Jul, 02:02 AM Reply Like
  • Dampflok
    , contributor
    Comments (787) | Send Message
     
    So the sales in Norway dropped due to production constraints? Why are they exploring new markets overseas and fighting car dealers locally when they can't produce enough cars?
    3 Jul, 08:26 AM Reply Like
  • cparmerlee
    , contributor
    Comments (1552) | Send Message
     
    Curt wrote "There is a backlog of several months."

     

    "Several months" is not a backlog. it is a production schedule.

     

    Let's get real here. We know the last two quarters they have produced ~1000 more than they have been able to deliver. Some of that can be accounted for by "building the China pipeline", as delivery can be a lengthy process. But there was ample opportunity for the company to send some of those units elsewhere if the demand was really that hot.

     

    We also know the past two quarters, there was a mad rush to squeeze everything possible into the quarter, and that meant order-to-delivery times under a month in many cases. That shows there is not a huge backlog.

     

    There is an X backlog because that product doesn't exist.

     

    There is practically no S backlog in the US now. That market peaked a year ago. There is absolutely no backlog in continental Europe. There is very little demand there. Norway might have a little backlog left, but clearly that is past its peak. The three months of this quarter were all lower than the corresponding 2 months of the first quarter.

     

    There is an unknown amount of demand in China. Could be big. There is an unknown amount of demand in the UK. Could be middling, but probably not much of a factor. Oz will be dozens of units, not thousands.

     

    Is there enough demand to book 35,000 units for the year? Not in the retail channels, it appears. But they also appear to be pushing cars through the Tesla dealerships as used demos, and that could be 1000 or so for the year. And they have deals with leasing companies and rental fleets. They should be able to book all but the last 1500 cars they produce this year at some price, but not list price retail.

     

    Welcome to the real world in the car industry.
    3 Jul, 12:36 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    If you live in the US where the cars are produced and you have to wait for the car 3 months, that is a back-ordered car.

     

    The company is producing 100 cars a day or more. There is no inventory sitting around. If that were true, someone could drive to Fremont today and just pick up a car. Those cars are reserved for people who put down a deposit so they are all sold as they are coming down the production line.

     

    If you cannot get your car in under 2 weeks then the company is production constrained in the USA.

     

    You keep repeating the same BS over and over and it's getting old.
    3 Jul, 01:32 PM Reply Like
  • cparmerlee
    , contributor
    Comments (1552) | Send Message
     
    Banker said "You keep repeating the same BS over and over and it's getting old. "

     

    Look in the mirror, my friend.
    3 Jul, 02:03 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    I'm answering your posts over and over. I'm not repeating myself to the crowd, I'm having to repeat myself to you. Maybe you will get it someday that posting FUD over and over doesn't make you any more believable.
    3 Jul, 02:34 PM Reply Like
  • jstack6
    , contributor
    Comments (49) | Send Message
     
    and GAS prices reached records highs this week in the USA. Tesla sales will continue to expand all around the world. 98 Super Chargers now in the USA 24 in Europe and 3 in China. With more in progress every day.
    2 Jul, 05:30 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    125 Superchargers, worldwide?!?!?!?! Incredible.
    2 Jul, 05:37 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    I think there may be a lot more than 125 gas stations in my county, LOL
    2 Jul, 05:40 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    And there are millions of homes with garages in this country. Buy a Model S, and you'll never need to waste time and money at gas stations. You'll be able to top off your car's battery in your home garage overnight.

     

    If you prefer not to fly for long trips, you can use Tesla's free Supercharger stations while you stop for a bite to eat and visit a restroom.
    2 Jul, 06:13 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    Hopefully, some thoughtful Tesla owners, will open their garages to other Tesla owners, seeing that 125 Super Charger stations worldwide is pretty scant.
    2 Jul, 06:31 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    The number of Supercharger stations is growing rapidly. However, most people are like me and prefer to fly for long distances. For those who do take long car trips, free Tesla Supercharger stations are located near restaurants and restrooms. The vast majority of the time they will top off their car batteries overnight at home, avoiding the cost and time wasting at gas stations. Eventually gas stations will go the way of the makers of buggy whips and slide rules.
    2 Jul, 06:44 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    Growing rapidly to a whole 125 worldwide. I can see, the transition is clear.
    2 Jul, 08:19 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    The typical car stop at a gas station, with a typical car involves about 8 mins for 400 miles.

     

    Not even close to range or time at a "Supercharging" station.

     

    And given Superchargers are "Free" what make you so sure it is sustainable and will be available in the future?

     

    Does "Free" sound long term, sustainable (or profitable) to you?
    2 Jul, 08:25 PM Reply Like
  • dogeared
    , contributor
    Comments (11) | Send Message
     
    Free Plugshare app all ready out there listing dozens of EV owners who have "opened their garages" to other EV owners. Me included!
    2 Jul, 08:55 PM Reply Like
  • karmamule
    , contributor
    Comments (4) | Send Message
     
    That's already happening Energysystems, see plugshare.com
    2 Jul, 09:03 PM Reply Like
  • User 7369811
    , contributor
    Comments (123) | Send Message
     
    While a supercharger is free my time and patience are not. Topping it off takes well over an hour to get another 250 miles down the road. The Model S is currently not a very good road trip car choice unless you like white knuckling it and the stress of planning every mile around your proximity to a plug. You're back of the envelope calculations that plucking a few dozen superchargers down wipes away the range anxiety problem and that Tesla sales will just explode exponentially from here are a fantasy.
    3 Jul, 02:05 AM Reply Like
  • User 7369811
    , contributor
    Comments (123) | Send Message
     
    Actually, if Tesla were to provide an app for that and offer it in the cars operating system, that's actually a pretty good idea. It develops a bond between customers who already feel their luxury barge purchase is a feel good way to fight big oil and save the manatees. In all seriousness, I wouldn't be surprised to see them do it.
    3 Jul, 02:08 AM Reply Like
  • User 7369811
    , contributor
    Comments (123) | Send Message
     
    Or with the latest Camry or Accord Hybrids, that 8 minutes gets you 650 - 700 miles. Impressive range if you have the bladder for it.
    3 Jul, 02:10 AM Reply Like
  • Dampflok
    , contributor
    Comments (787) | Send Message
     
    Energysystems, when "opening their Garages" for fellow Tesla owners they should be ready to accommodate them overnight!
    3 Jul, 08:28 AM Reply Like
  • dogeared
    , contributor
    Comments (11) | Send Message
     
    My wife is already talking of opening a B&E! Bed and Electricity. We have a guest room and bath over the garage. CREAT IDEA(?) what do others think?
    3 Jul, 08:58 AM Reply Like
  • arondaniel
    , contributor
    Comments (629) | Send Message
     
    "Model S is currently not a very good road trip car choice unless you like white knuckling it and the stress of planning every mile around your proximity to a plug."

     

    The reality of the Tesla road trip, #7369811, kind of works like this:

     

    1) Select a destination
    2) Using the nav screen, select a supercharger en-route to your destination that is within range
    3) Recharge for 30 minutes or less***
    4) Repeat steps 2 and 3 as necessary
    5) Arrive at destination

     

    If that is too stressful for you then you must live your entire life in a Disney resort.

     

    ***there is rarely a need to spend > 30 minutes at a Supercharger. What you want is the quick 80% charge, not the relatively slow 100% charge. Capiche?
    3 Jul, 09:15 AM Reply Like
  • Blue Sky & Sunshine
    , contributor
    Comments (19) | Send Message
     
    Curt Renz wrote "...avoiding the cost and time wasting at gas stations."

     

    Therein lies one of the main fallacies of the Tesla story: That Tesla owners somehow save money and time by not buying gas.

     

    A Honda Insight Hybrid costs about $19,000 and gets about 42 miles/gallon combined city/hwy. If gasoline costs $5 per gallon, then the cost to drive the Insight 100,000 miles is about $30,000 ($19000 purchase plus 2381 gallons gasoline @ $5/gal). Compare this to the cost of a Tesla at $85,000 and up. Even if electricity is free, a Tesla makes no sense whatsoever from a financial perspective.

     

    Electricity is not free however. In fact, people in California paying for power at Tier 3 or 4 rates (~$0.33/kWh) are actually paying as much for electricity to drive a Tesla (3 miles per kWh) as they would to drive the Insight at $5/gallon of gasoline. Even at normal retail electric rates (typically $0.13 - $0.15/kWh in southern California) the cost of electricity is roughly half the cost of gasoline for a high efficiency ICE car.

     

    As for saving time - obviously it takes much less time to fill up a conventional car than to recharge a Tesla. There's no significant advantage here.
    The "green" aspects of Tesla can be mostly refuted as well. In terms of CO2 emissions, Teslas - which use about 1 kWh of power to run 3 miles, cause CO2 emissions of about 0.4 lb/mile. Of course all the CO2 is actually produced at coal and gas fired power plants that produce the electricity to charge the car. This CO2 rate is as good as a gasoline powered car getting about 50 miles/gallon. Admittedly not many cars get 50 miles/gallon. But more and more cars approach that rate, especially with the plethora of plug-in hybrids that are becoming available. From an environmental perspective Teslas have a slight advantage at best.
    4 Jul, 03:33 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1789) | Send Message
     
    @blue sky and sunshine
    I am a Tesla owner; and while not living in CA we still have relatively high electric rates; actually a good portion of our power comes for nuclear here in NJ.

     

    Again- You are comparing an apples to oranges comparison. A person who has a 100 K to spend on a car is not, and I repeat not spending it on a 19 K Honda insight. A Honda insight is a relatively small car with lousy acceleration and limited cargo room.

     

    Compare the Tesla to other cars in it's class; We either have to look at cars with similar acceleration, i.E. the A8 and Porsche Panamera (those are it's direct competitors). Then you can see where the gas savings comes into play.

     

    If you want to say that single commuter, high mpg is what matters and fail to consider acceleration; we should all be driving the Subaru 360s (those are micro cars that have a 360 cc engine and extremely, extremely cheap).

     

    Also, last time I checked the grid was 19% nukes, 7% hydro, 30% NG, 37% coal and the remainder renewable and others.
    4 Jul, 08:21 PM Reply Like
  • cruise27
    , contributor
    Comments (55) | Send Message
     
    Sorry gold diggers. Reality sets it. What happens if tax incentives end. Norway had the cheapest electricity in europe. So far Ive seen more chevy volts (2) Teslas (1). Buy a F150 and pull your boat.
    2 Jul, 05:45 PM Reply Like
  • tombland
    , contributor
    Comments (117) | Send Message
     
    This Norway data doesn't mean anything with Tesla. "Sales" = deliveries, not orders, and when cars are on boats to China it's pretty obvious that Tesla have to shuffle around where their deliveries go. It's no easy task selling every car that you make and not being able to meet demand!
    2 Jul, 05:48 PM Reply Like
  • os2so07
    , contributor
    Comments (3) | Send Message
     
    I want to share a article from Chinese newspaper about TSLA in China.
    The summary are
    1. Electricity in China is manipulated by goverment. It's hard for individual to have a TSLA charge station at his home or community. This is really unconvenient for Chinese to have a TSLA car for regular use.
    2. Chare station usually needs land which is much expensive than other land.
    3. Almost nowhere to fix TSLA car problem if there is something wrong.
    4. A lot competition in China.
    5. Millions of Taxi car are using gas(not gasoline) engine. It is encorage by goverment also.
    6. Although in number there are seems a lot interest in TSLA's car, however,in America standard, more than 90% Chinese are still poor and cannot afford to have a car(TSLA's car) for fun.
    But, there is not all bad news for TSLA in China. Even 0.5% of rich chinese which can afford a leisure car such as TSLA's car will exceeds more than 6 million.
    2 Jul, 11:32 PM Reply Like
  • traderjoeblow
    , contributor
    Comment (1) | Send Message
     
    Are you sure these are cars SOLD in the month of June or are these numbers vehicle registrations for delivered vehicles? Since this isn't Tesla telling us how man cars they sold in June in Norway, I am skeptical that this is a real incidence of slowed demand. I want to see actual numbers from Tesla to see if they are really meeting guidance or not. This smells of someone simply interpreting the data incorrectly. This looks like the amount of deliveries, which doesn't mean there isn't demand, it just means they could be delaying some orders due to the demand in heavier markets. If real sales numbers from Tesla show orders, but less deliveries that just shows constrained supply which is something they talked about before. I want to wait for the whole story with data from Tesla not making guidance before calling the end of the Tesla run up.
    2 Jul, 05:56 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1789) | Send Message
     
    So there's a hoopla over not having massive deliveries in Norway, knowing full well that that they put alot of cars into the pipe for China and switched over to right side driven cars.

     

    Geez... Any little news that would IMPLY something if interpreted incorrectly.
    Is it possible that they simply are making cars to satisfy other markets and stocking the Chinese pipe so they don't have enraged customers smashing windshields.

     

    Let us wait until Q2 results.

     

    Here's what you have to worry about: is Tesla trying to scavange sales like the other car companies- if they have a 45 day inventory, if they have high pressure salesman, if the are dropping the price, if they start advertising on TV, if they hire Dylan McDermitt, Connie Briton, or Peter Dinklange as the spokes people, etc, etc... That is when you start worrying about it being a demand problem.

     

    I'm calling it now- some pundit is going to say demand constrained when they take the 2 weeks to retool next month.
    2 Jul, 06:41 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    Yeah, those other car companes sell millions of vehicles annually...they definitely have a demand problem.
    2 Jul, 06:45 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1789) | Send Message
     
    Yes, the others do have a problem- that is why they advertise; whether it is a Corolla, Fusion, or a Jag.
    Also it is a misnomer, comparing many cars that are 15 K to a 100 K car.

     

    Also in the 100 K car range Tesla is doing very very well despite not advertising. It is outselling the Panamera; its direct competitor.

     

    They (other car companies) are trying to drum up sales, get you to abandon old clunky for a new toy. If it did not do anything than spending hundrends of millions of dollars on something that gets marginal sales would be a horrible.

     

    Almost every sale they get is a scavanged sale (unless the person is trading in a junk yard ready car). Do you need a new Jag when your jag is 1 yr old because a bond villian said the new one is cooler. If I drive a Fiat, I may land a model just like the guy on TV, if I drive an F150 I'm as cool as Mike Rowe- of course logically it makes no sense, think that it doesn't affect people, but it does in the deep reptile, unconcious part of your brain.

     

    Watching a zombie movie and then they show how to turn a Japanese import into a zombie killer car- know it's not real, but that 1 billionth of a second- you think seriously about it and now you want a Hyundia.
    2 Jul, 07:35 PM Reply Like
  • PrincePreston
    , contributor
    Comments (51) | Send Message
     
    In the deep reptile part of your brain, do you think Tesla's price to any sales or earnings metric is reasonable, or "pretty high..."?
    2 Jul, 07:55 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    You forget about Owen Wilson driving a Tesla in "Meet the Fockers"? That wasn't advertising? Sure, I'm positive the producers on that movie allowed for a free product placement lol
    2 Jul, 08:22 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1789) | Send Message
     
    Tesla does not pay for advertisememts, but at the same time they don't go after the movie or show that use the car or support the usage of the car or give the show the use of the car.

     

    Two well known shows have the Tesla Model S featured in it:
    Netflix's house of Lies (political show)- it's Don Cheadle's personal car; he likes driving it.
    Continium on scifi- the car featured on that show is Amanda Tapping's car; she's the executive producer. She thought it looked futuristic and decided to include it in there.

     

    Also saw one on almost human- another scifi show. Don't know the story behind that one.

     

    It's not Tesla pushing for the cars, but the individual people.
    In my opinion Cheadle and Tapping deserve a free car, but they bought the cars legitamately.

     

    Same with the gallons of light and the other "commercial"- made by fans, supported by fans, but not by Tesla- the spaceship Tesla one by the fan was pretty good too; shame Tesla never used it.
    2 Jul, 08:54 PM Reply Like
  • tombland
    , contributor
    Comments (117) | Send Message
     
    Meet the Fockers was 10 years ago?!
    2 Jul, 11:37 PM Reply Like
  • cparmerlee
    , contributor
    Comments (1552) | Send Message
     
    Jowblow wrote "Are you sure these are cars SOLD in the month of June or are these numbers vehicle registrations for delivered vehicles? "

     

    That's a difference without a distinction. The fact is that Santos uses a consistent basis for his Norway numbers. And they show a clearly declining trend for each of the months relative to the same month in the previous quarter.

     

    Seems pretty obvious what is going on there. Norway has passed the peak of demand, but there are still customers buying S cars because the government is practically paying them to do that. Norway will probably continue significant (but declining) sales through the end of year, then have a bump when they can import some X cars.
    3 Jul, 02:08 PM Reply Like
  • doubleE
    , contributor
    Comments (990) | Send Message
     
    Norway demand is the highest it has ever been. Tesla accumulated orders for almost three years to generate the sales it had in q4 2013 and q1 2014. Now we get to see the real recurring demand and so it is running at around a thousand units a quarter. Its highly unlikely that tesla booked 1000 units in any prior three month period so demand has obviously increased.
    3 Jul, 06:08 PM Reply Like
  • Patent News
    , contributor
    Comments (1312) | Send Message
     
    warned all longs about this in my prior article featuring this issue and others, the fanboy longs disregarded facts.
    2 Jul, 06:23 PM Reply Like
  • doubleE
    , contributor
    Comments (990) | Send Message
     
    Didn't you predict the NHTSA would order a redesign of the model S after the fires. How did that work out for you ?
    2 Jul, 06:35 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    You do recall the additional armor installed after the NHTSA investigation started? Elon didn't do that because he's a nice guy.
    2 Jul, 06:36 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    Warned about what? The company is production constrained. They are now balancing the waiting time for customer deliveries among all regions. You appear to be a short seller who disregards the facts. Just wait until production ramps up enough for advertising to make sense.
    2 Jul, 06:38 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    What's wrong with being proactive about customer safety? Isn't that the way a company should be? That's certainly far better than the way General Motors has behaved.
    2 Jul, 06:49 PM Reply Like
  • Energysystems
    , contributor
    Comments (944) | Send Message
     
    They weren't proactive, they were reactive. Big difference.

     

    Remember, the NHTSA was breathing down it's neck after multiple fire incidents. If you can't recall, fire incidents haven't been a problem for the Volt/Leaf, despite having what, 10x as many on American roads?
    2 Jul, 08:25 PM Reply Like
  • tombland
    , contributor
    Comments (117) | Send Message
     
    @Energysystems
    "multiple fire incidents"?
    NHTSA's investigation was over two fire incidents. That's 2.
    2 Jul, 11:47 PM Reply Like
  • Curt Renz
    , contributor
    Comments (153) | Send Message
     
    Seeking Alpha is confusing sales with deliveries. Norwegian Model S deliveries were up in June compared with May. They were down compared with March when Tesla first delivered cars to Norway and attempted to reduce much of the backlog there. Now Norwegians must wait in a queue for fair distribution to waiting customers in all regions.

     

    Tesla Motors cars are made to individual customer specifications in online orders. They are delivered directly to those waiting customers. Tesla can't be compared in the same manner as the manufacturers who sell their cars to franchised dealerships.
    2 Jul, 06:34 PM Reply Like
  • PrincePreston
    , contributor
    Comments (51) | Send Message
     
    If Tesla had great news, they would clarify the orders/sales/delivery/... issues. The news is not great, so Tesla does not release granular data. The plain fact is, if demand were so great, the wait time would be increasing. It is not. So it appears that demand has stalled.
    2 Jul, 07:59 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    They did report demand was increasing. You just didn't bother to read the release. The company releases news when they are ready. They are not here to entertain you.

     

    Personally, I like having 25% short interest. If everyone loved the stock it would be overpriced. The fact there is 25% short interest AND a high stock price tells me it is not overpriced yet.
    2 Jul, 08:21 PM Reply Like
  • Retired2thDoc
    , contributor
    Comments (90) | Send Message
     
    So who wrote this article?
    2 Jul, 06:36 PM Reply Like
  • PositiveTrading
    , contributor
    Comments (20) | Send Message
     
    Who writes these stupid articles?
    Seeking Alpha should seek Alpha for it's writing skills.

     

    First: Supply is low. Not demand.
    Second: No one can say for certainty why Tesla is down today.
    So why would you even state "Tesla (TSLA) fell 4.3% today on news it sold fewer cars last month in Norway," as a fact?

     

    A good writer does not use absolutes unless it is absolutely correct.
    2 Jul, 07:52 PM Reply Like
  • PrincePreston
    , contributor
    Comments (51) | Send Message
     
    I guess only bullish articles are smart, then? And only "good" facts matter? After all, last quarter about 20% of all of Teslas sales were to Norway. And that was a very big deal. Now that Norway sales fell off a cliff, it no longer matters? We'll always have China... We'll always have the vast untapped Right-Hand drive markets. Sure we will.
    What if demand has actually stalled? What If this niche market -- it is a $70K to $100K car after all -- has gotten saturated?
    Do you really think some advertising is going to do the trick? And that Tesla, selling say 35,000 cards is going to have a sufficient ad spend compared to GM, Ford, and Toyota, who are selling more cars every day than Tesla sells in a year?
    Don't want to think about that, do you.
    Easier and more fun to daydream about disruption, than the possibility that St Elon has manipulated the numbers. I guess "Disruptors" don't really have to book profits.
    2 Jul, 08:15 PM Reply Like
  • MoneyGrowsOnTrees
    , contributor
    Comments (37) | Send Message
     
    Tesla is a niche market, for now, but it doesn't take a whole lot of financial planning to purchase a Model S. Its not impossible like you make it seem. Just to make others aware out there- The United States has more millionaires than any other country in the world by a long shot. 492 billionaires and 7,135,000 millionaires. The second place country, China, who has 3 billion more people than the US (and whom Elon is also distributing cars to) has 152 billionaires and 2,378,000 millionaires. You bears make it seem like it is near impossible to own a Model S when in reality you don't have to be anywhere near a millionaire to afford one. There are many people saving for just a couple/few more months to be able to get theres because for them, there is no other choice. TESLA ONLY.
    2 Jul, 11:53 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    With real estate prices rising again and rates near all time lows again, people could take cash out of their homes to finance a TSLA or solar panels if they wanted. A $100k loan for 20 years is not expensive and the interest can be written off. You don't have to use normal auto financing to buy a TSLA. The car is likely to last 20 years anyways so you might as well finance it long term while rates are low. The problem is not that many people even know about TSLA yet.
    3 Jul, 12:00 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    Cash out re-fis & HELOCS to buy overpriced stuff nobody needs.

     

    Where have I heard that before?

     

    What could possibly go wrong?
    3 Jul, 06:16 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (4048) | Send Message
     
    " Cash out re-fis & HELOCS to buy overpriced stuff nobody needs."

     

    Train wreck waiting....let's just wait until the zero interest rate bubble pops or the next recession is here, people (stock investors) in FED dreamland since 2009.
    3 Jul, 08:34 AM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    People were taking cash out of their home to pay off credit card debt and buy stupid things like boats and they were often doing it on exotic loans.

     

    I'm suggesting a 15 year mortgage to payoff both your home and your car in 15 years on a fixed rate. That is not irresponsible at all. You're looking at 3.5%.

     

    The Model S will easily last 15 years if kept in the garage overnight.
    3 Jul, 10:17 AM Reply Like
  • 2ng
    , contributor
    Comments (83) | Send Message
     
    All people who wanted Teslas in Norway already have a Tesla, it's that simple. It's a very small country, and Tesla only sells one model.
    2 Jul, 08:08 PM Reply Like
  • johnc77
    , contributor
    Comments (40) | Send Message
     
    Live in a gated community in southern Ca. where there are 5 Teslas. Not a week goes buy that one or sometimes 2 are going on the gate on a flatbed... Maybe they are still working out the bugs, but I think some will wait until that happens.
    With all this hype up above, one has to wonder why Tsla fell 4.3% today.
    Might become a good car someday, just not there yet.. I will stick with my BMW
    2 Jul, 08:16 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    I call BS on that one. You're saying that 40% of the Teslas in your neighborhood are on a flatbed every week?

     

    So you must sit on the porch and watch them go by? You must've missed the other 3 while you were not watching. That's funny that for some reason the Teslas in your neighborhood are falling apart left and right. Or maybe you're just exaggerating a little?
    2 Jul, 08:27 PM Reply Like
  • tombland
    , contributor
    Comments (117) | Send Message
     
    @johnc77
    "Someday" you say? Why don't you just take a test drive and find out for yourself that it's already a very good car. What have you got to lose?
    2 Jul, 11:43 PM Reply Like
  • jfsacal
    , contributor
    Comments (271) | Send Message
     
    Johnc77 could be right about the 40% of Teslas he has seen being on flatbeads. Seeing is believing after all! And they could be on flatbeds for a number of reasons. After all, in the US Teslas are delivered, updated and serviced by flatbed. Skips the terrific independently owned dealership experience that every one loves so much, altogether. And the loaners for serviced cars can arrive and depart on the very same flatbeads. New cars, serviced cars, loaner cars, updated cars, cars returning from service and loaner cars returning to Tesla.

     

    Maybe he even missed a few flatbeds here and there! Or maybe the owners would rather just chill out in a service center where the CEO has said it's not right for the company to make money on something that has gone wrong, and they are not using the loaner service much.
    3 Jul, 08:02 PM Reply Like
  • Dan Fichana
    , contributor
    Comments (1789) | Send Message
     
    Never had mine flat bedded had it about 1.5 years. As you can tell for my time of ownership I am a 2012 owner so I should have had alot of problems, but no problems, even took it in to the service center for the yearly maintenance, no issues.
    3 Jul, 09:04 PM Reply Like
  • dogeared
    , contributor
    Comments (11) | Send Message
     
    My tesla S85 has also been on a flatbed once in the 4 months I've owned it. To repair the sunroof that did not close properly. Picked it up the day after I called and left a loaner S85. Returned it at 10am the next day. NO CHARGE and I am 110 miles from the closest service center.Yes, tesla still is a new car company improving every day. I love being at the front of a revolution.
    2 Jul, 09:28 PM Reply Like
  • King Rat
    , contributor
    Comments (564) | Send Message
     
    Tesla is one of some 20 or so car manufacturers worldwide who sell electric cars and they do not even make some of the most critical components of their own cars. A Tesla all-in-all, even if powered from solar, are still "browner" than a Prius.

     

    Indeed it is the elite, not the proles who are at the front of a revolution. Revolutions depend on leadership of the haves to influence the have nots.

     

    Thankfully dogeared is here to lead this yet unnamed revolution. Please keep it up. Plenty more windmills for you to charge.
    3 Jul, 01:03 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5350) | Send Message
     
    Will an electric car do well in a cold climate?
    2 Jul, 09:35 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    MB,

     

    Aside from the fact that TSLA does not yet offer AWD.

     

    Yes, the car would do fine. However battery efficiency and heating requirements may reduce range up to about 20% in extreme conditions.
    2 Jul, 09:39 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5350) | Send Message
     
    Anybody thought that may be why (TSLA) sales are down in Norway?
    2 Jul, 10:49 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    No,

     

    It was cold in Norway the last two years too. Not just this year.
    2 Jul, 10:51 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5350) | Send Message
     
    Hey, so an article came out today that they are not buying the Norway news. They got my message, I guess.
    3 Jul, 10:05 AM Reply Like
  • agaptrader
    , contributor
    Comments (66) | Send Message
     
    Like this stock and over longer term this will capture the market. In US the model S has been doing great and is still the envy for all drivers. When the model prices at 36K, all the bigger brand cars like Toyota, Ford, GM, Honda will have some run for their money.

     

    Why won't you buy a fully electric car with such great looks at 35K (same price as camry or civic)? This stock is well positioned.
    2 Jul, 10:20 PM Reply Like
  • Canadian Red Neck
    , contributor
    Comments (332) | Send Message
     
    At present, in Canada, a fully loaded Civic is priced at about C$28,000 before negotiation. Not US$35,000 (about C$37,000).
    2 Jul, 11:40 PM Reply Like
  • King Rat
    , contributor
    Comments (564) | Send Message
     
    agaptrader, you're kidding, right? You can get a Leaf for $29k, a Prius in the low $20s, a Spark in the mid-high $20s, etc.

     

    You really think that by the time Tesla has a $36k car that its competitors will keep models and prices the same? In your imaginary world, only Tesla releases new models but in the real world, a lot of companies have been making a lot of changes for the better.

     

    As far as "green" is concerned, high quality hybrids are still top of the line. Full EVs will not catch up to hybrids in total "green" for a couple of years.

     

    As far as "envy" is concerned, NO WAY!!!
    I walk to work now. I used to carpool. 8 people in a minivan which is probably "greener" than a single driver in a Tesla anyway. In a household having only 1 car that cost $17k used, I may add, hypothetical money that COULD HAVE gone to a Tesla, could instead be spent on:
    Greener appliances
    Solar power
    Planting trees
    Better insulation
    $1000s left over split between SPY, DIA, and QQQ.

     

    So would you rather have a fancy car and less money in the market or a less fancy car but a more comfortable and ecologically friendly household and thousands left over for index funds? Plus, by sending daytime production from solar panels back to the grid you could be reducing the strain on the electrical system potentially saving your neighbors money.

     

    Or buy a Prius for yourself and a neighbor, put the rest in SPY/DIA/QQQ, and use those dividends to perpetually buy 5.8 acres of rainforest/year to save them from destruction.

     

    Or skip all that and buy yourself a Tesla to feel superior to everybody.

     

    I admire the desire to heal the world that a lot of Tesla fans have but seriously? That money could soooo be better spent elsewhere to help the environment but unfortunately in ways a lot less visibly opulent. After all, what Tesla owners really just want is attention.
    3 Jul, 01:37 AM Reply Like
  • awakeinwa
    , contributor
    Comments (289) | Send Message
     
    Rat. I rode in a Chevy Volt yesterday. You are smoking some serious chronic. That is all.
    3 Jul, 10:10 AM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    I don't think anyone is buying a TSLA to heal the environment. They want the car and it happens to be green if you live in an area that uses natural gas or hydro for electricity generation. Put some solar panels on your home and the car is even greener.

     

    In the end, as a stockholder, I don't care who buys the car or for what reasons. People want the car for 100s of reasons and not everyone has a bunch of kids that need to fit in a van.
    3 Jul, 11:08 AM Reply Like
  • azzuraskye
    , contributor
    Comments (45) | Send Message
     
    Haha. This must be the first times recorded history that Norway has an influence on an American stock.

     

    Tesla is on the front edge of a wave of change. They seem to be smart guys. If you don't already know it, American cars have always been very, very, hard to sell in other markets. But Tesla is selling well everywhere - that should tell you something. If Tesla stay ahead of the technology curve they could grow to Chrysler size, or bigger. What does that say about their current share price?
    3 Jul, 03:32 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (1230) | Send Message
     
    Tesla benefits from early adaptors. Each new country has enough of them to sell an impressive number of cars. Once they are done, there will still be sales but they will taper off. This happened in Norway. Musk will add the UK, Australia, Hong Kong and Japan once the line is building RHDs, and the early adaptors in these companies will cause sales to rise for a time. Still no Gigafactory?
    3 Jul, 08:02 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (4048) | Send Message
     
    And the demand looks very weak for both Australia and Japan, TSLA might have some more luck in the UK demand-wise, but that's it.

     

    There will be no big car markets left for TSLA after that final RHD expansion.

     

    I expect TSLA to push the "the new Model X will be great in 2015" soon to keep all the bull dreams alive.
    3 Jul, 08:38 AM Reply Like
  • hpwl
    , contributor
    Comments (4) | Send Message
     
    As a Norwegian I can report from Bergen, Norway demand is still high for the Model S, the local government pushing successfully the technology which Tesla brings to the market.Not to forget the pure design and luxury the car offers. Dealers have long waiting lists.

     

    Also there is ongoing huge buildup of charging stations, not only Norway EU also ramping up. When the Tesla SUV arrives...Norway will retain its no 1 spot.
    3 Jul, 08:16 AM Reply Like
  • 33Nick
    , contributor
    Comments (93) | Send Message
     
    When was the last time anyone saw good automotive sales in the month of June?
    3 Jul, 10:05 AM Reply Like
  • Aaron Turpen
    , contributor
    Comment (1) | Send Message
     
    Every other automaker, basically. Nissan was up for both the month and the year, including a 5.5% increase for the LEAF. Chrysler continues to show gains. So does Ford. And Toyota... Basically everyone but Tesla.
    3 Jul, 11:10 AM Reply Like
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