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Shares of Tesla Motors (TSLA +7.7%) power to a gain after the automaker's Q3 report doesn't...

Shares of Tesla Motors (TSLA +7.7%) power to a gain after the automaker's Q3 report doesn't raise anything too alarming to investors. In a letter (.pdf) to shareholders, the company calls the quarter a "fundamental turning point" for the company as it shifts into a higher gear of production. New showrooms and an expanded supercharger network are also in the works.
Comments (10)
  • Dan Naumov
    , contributor
    Comments (334) | Send Message
     
    TSLA is such a hilarious speculator's bet. Company misses estimates? Yep, stock rallies +7,7% the next day.
    5 Nov 2012, 01:02 PM Reply Like
  • berylrb
    , contributor
    Comments (2187) | Send Message
     
    Missed one indicator, but beat like four! And proved ramp was not mere words, not bad for one quarter
    5 Nov 2012, 02:48 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2501) | Send Message
     
    If the US really want to push for electric cars, the fact the most populated section of the country has been without power for almost a week should be a wake up call that the electric infrastructure needs billions and billions of dollars in upgrades and modernization.
    5 Nov 2012, 01:16 PM Reply Like
  • Stephen Pace
    , contributor
    Comments (431) | Send Message
     
    @Mike Maher: The flip side of that is a Tesla owner could charge anywhere that had power back on, whereas people trying to get gas were waiting in terrible lines. Where I live, hurracanes are more common and therefore many have natural gas backup generators. They even sell and install them via Home Depot and Lowes. I don't recall a time where natural gas has been lost, even when power has been off for a few weeks. Again, this works great for people with electric cars--even without solar panels, you can recharge your car, and you don't have to fight people for the few stations that have both gas and power to pump it.
    5 Nov 2012, 03:21 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2501) | Send Message
     
    You raise a bunch of questions. Isnt that more of a case for natural gas cars? Whats the draw on a Tesla charger? Could that be supported by a generator? How long does it take a Tesla to charge.

     

    I live in NJ, didn't have power for a week, am in a county where there's gasoline rationing, and never waited on a line for gas. People panicked and waited in lines for no reason, rather than just conserving or car pooling. If you filled up before the power went out, you should have had enough gas to make it until today (everyone I know had off of work at least two days last week because there was no power, and there was no where to drive to, since trees and power lines blocked most of the roads anyway.)

     

    A backup generator from Generac will run you about $5k to get installed into your home. According to the Tesla website, depending on the volts/amps (type of charger and power source), you can get enough of a charge to go between 5 and 31 miles each hour of charging. So in order to charge my Tesla, in the event of a power outage, I need to have had a $5,000 generator installed to convert the nat gas into electricity to charge my car, which will still take a few hours to charge, and gives me a somewhat limited range? Seems like just keeping a few 5 gallon cans of gas in the garage is a much more practical solution.

     

    Trust me when I tell you that people in my area are furious at the amount of time its taken to get electric service back. People in my town, that I work with, are still without power at home. More than 250,000 customers of JCP&L just in NJ are without power still, a full week later. This storm is not a positive event for the future of electric cars. I know lots of people who have bought or are ordering generators to prevent this from happening again. But I doubt any of them will double down on their reliance on electricity by buying electric cars.
    5 Nov 2012, 04:53 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5438) | Send Message
     
    Cost advantage rises with time. In the beginning, gas seems cheaper. But after 6 years, is gas still cheaper?

     

    TSLA seems popular in San Francisco.
    5 Nov 2012, 05:48 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2501) | Send Message
     
    If you can accurately predict electricity and gasoline prices 6 years out, after subtracting for the higher opportunity cost of buying a Tesla, and the costs to replace those batteries after say 8 years, I think you should be trading futures.

     

    They've sold a few thousand cars, thats a long way from being sustainable.
    6 Nov 2012, 12:56 AM Reply Like
  • King Edward VIII
    , contributor
    Comments (277) | Send Message
     
    That's not all.
    Q3 report says that they had a record of 2,900 new reservations in the quarter, 30% more than the previous one. However, the total net reservations raised from 11,500 to only 13,200 due to much higher cancellations: if my math is not wrong, they had 1.200 cancellations in the same period, 41% of the new reservations.
    Hope this is only due to the clean up they are doing of old reservations, otherwise I have to think that the early adopters' curve was not strong enough.
    5 Nov 2012, 01:19 PM Reply Like
  • George McDermand
    , contributor
    Comments (49) | Send Message
     
    More Tesla's on the road more reservations in the pot. When the gentry see the car in the flesh as it were the the reservations will increase markedly. I'd bet on it.
    5 Nov 2012, 01:25 PM Reply Like
  • Zongi
    , contributor
    Comments (18) | Send Message
     
    Another good point made in the cc was that they were seeing a rise in reservations in areas where a few cars had already been delivered.
    6 Nov 2012, 12:14 AM Reply Like
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