The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
The True Genius Of Tesla
John Petersen • 676 Comments
John Petersen • 676 Comments
Wed, May 4, 12:46 PM
- Tesla Motors (TSLA -3%) will lose two top manufacturing executives, according to Bloomberg.
- Sources tip off that VP of Production Greg Reichow and VP of Manufacturing Josh Ensign are both on their way out due to Model X glitches.
- Previously: Tesla Motors on watch for earnings day fireworks (May 3)
- Previously: Tesla's first quarter results on deck (May 4)
Wed, May 4, 4:35 AM
- Elon Musk may not mention Tesla's (NASDAQ:TSLA) stock price when his electric car company gives its latest financial update today, but it will be front and center for investors divided over its seemingly rich valuation.
- After a rally that ended in April, the company's market cap is currently about $31B - equivalent to $620K for every car it delivered last year, or $63K for every car it hopes to produce in 2020.
- Musk has previously promised to turn Tesla's first net profit by the fourth quarter, and will likely provide an update on Model 3 reservation numbers after the closing bell.
Tue, May 3, 5:35 PM
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Tue, May 3, 2:39 PM
- Analysts expect Tesla Motors (NASDAQ:TSLA) to report revenue of $1.59B and EPS of -$0.52 tomorrow after the bell. Other key highlights will be an update on Model 3 reservations and discussion on the ramp up of Model X production. A capital raise from the EV automaker could steal the show if the amount catches investors off-guard.
- Stifel Nicolaus is comfortable sticking with its bullish view on Tesla ahead of tomorrow's report. Analyst James Albertine thinks 2016 delivery guidance will be maintained at a level of 80K to 90K units. He also expects a higher mix of Model X vehicles in Tesla's sales tally to help drive Q1 results close to consensus. A capital raise is seen being pushed further down the road, but Stifel hopes to hear from management sooner rather than later on the progress of the Gigafactory.
- Seeking Alpha contributor Montana Skeptic has five burning questions for Tesla management during tomorrow's conference call which is scheduled for 5:30 ET (webcast). Analysts have been accused of lobbing too many softballs at Elon Musk during the last few CCs.
- There's also the chance that Elon Musk pulls out something new tomorrow. On that note, the rapid developments with self-driving initiatives in the industry has many wondering where Tesla fits in.
- Tesla is down 2.56% today to $235.57 amid some broad weakness in the automobile sector.
Mon, May 2, 9:19 AM
- It's going to be an active for Tesla Motors (NASDAQ:TSLA) with the company hosting the World Energy Innovation Forum at its Fremont factory this week. The event, which in past years has included some deep-in-the-weeds EV engineering talk, will include a keynote address from CEO Elon Musk.
- The Tesla discussion over the weekend was dominated by Seeking Alpha contributor Anton Wahlman's article in which he disclosed that he easily ordered 20 Model 3 vehicles. The buzz elicited a Twitter response from Elon Musk in which he stated that duplicate orders will be canceled and noted that only 0.2% of orders were from the same e-mail and physical address. Still, the issue of what percentage of Model 3 pre-orders will be fulfilled is an open-ended question.
- Tesla also reports Q1 earnings on Wednesday. Investors can expect to hear an update on those Model 3 orders along with the revenue and profit numbers.
- Shares of Tesla are up 0.39% to $241.70 in premarket trading.
Fri, Apr. 29, 11:15 AM
- There's some buzz out of Detroit that Ford (F -2.1%) is working on an electric vehicle to compete on a mass-market basis with the Tesla Model 3 and Chevrolet Bolt.
- The talk appears to be some liberal extrapolation from what CEO Mark Field said during this week's earnings conference call. The Detroit News even goes as far as to speculate Ford will cash in on its Model E trademark.
- When the Ford boss was asked if the automaker planned to build a 200-mile range EV, he responded that some development was ongoing, although he offered no specific timetable to match up with the plans of Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM).
- Ford's position in the EV market is significant as major automakers and tech companies start to partner up. Add your guess on who Ford's eventual EV collaborator will be to the comment stream.
- Ford earnings call transcript
Thu, Apr. 28, 8:37 AM
- A Seeking Alpha article on Tesla Motors (NASDAQ:TSLA) posted by Paulo Santos earlier this week is still generating some buzz.
- Santos believes that some investors have been advised that the Nevada Gigafactory won't be fully constructed by the target date of October 2017. In fact, sources tell Santos the finalization date for the Gigafactory could be as late as 2020, although some operations could commence well before then.
- One of the best sources for Gigafactory sleuths is the local Reno Gazette-Journal which has eyes on the site and ears on the street. Last month, the newspaper gave a video peek at the progress on the battery manufacturing plant.
Mon, Apr. 25, 8:33 AM
- Tesla Motors (NASDAQ:TSLA) hired Willem Haitink to lead sales operations for the Europe/Middle East/Africa business, tips Electrek.
- Haitink spent the last four years as the CEO of sportswear firm O'Neill after a long stint at Nike. He has experience on the European beat after serving as a general manager of Converse.
- The exec will work out of Tesla's European headquarters in Amsterdam,
- TSLA -0.20% premarket to $253.25 vs. a 52-week range of $141.05 to $286.65.
- Now read Tesla: Quality Control Problems Are Temporary
Thu, Apr. 21, 11:41 AM
- "We have an idea for something which is not exactly a bus but would solve the density problem for inner city situations,” Elon Musk (NASDAQ:TSLA) said today at a conference in Norway. "Autonomous vehicles are key," he adds. "There's a new type of car or vehicle that would be great for that and that’ll actually take people to their final destination and not just the bus stop.”
- For the moment, that's about all Musk wants to give away on the plan.
- In the past, he has mentioned building car tunnels as a fix for traffic congestion.
- Source: Bloomberg
- Now read: Tesla: Quality Control Problems Are Temporary (April 21)
Thu, Apr. 21, 4:26 AM
- Tesla (NASDAQ:TSLA) has hit another order milestone for its latest car - the Model 3 sedan.
- "We are now almost at 400,000 orders," Elon Musk told a conference held in the Norwegian capital, adding that interest in the new vehicle had "surprised even us."
- On April 7, Tesla said it had received over 325,000 reservations for the Model 3.
Wed, Apr. 20, 9:07 AM
- Ford (NYSE:F) paid $199,950 for an early Model X from the limited edition Founders Series, according to Bloomberg.
- Though automakers frequently buy production vehicles for testing and teardowns, Ford's willingness to pay such a high premium is drawing some notice.
- Yesterday, The Model X was the subject of a Consumer Reports article detailing some early production issues.
- Tesla (NASDAQ:TSLA) trades level in the premarket session at $247.21 or to put it another way at about 59% of Ford's market cap.
Wed, Apr. 20, 8:00 AM
- A publication in Germany reports that the government plans to increase demand for electric vehicles by giving the category a tax exemption.
- Sueddeutsche Zeitung says EV buyers wouldn't have to pay vehicle taxes for ten years under the proposed legislation.
- A formal announcement is expected later this week.
- The EV industry had its eyes on Germany yesterday with a report out that Apple has a secret R&D lab up and running working on an electric car.
- Related stocks: OTCPK:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TM, OTCPK:NSANY.
- Now read All eyes back on Project Titan with German lab and Tesla hire in the mix
Tue, Apr. 19, 4:16 PM
- A new article posted by Consumer Reports dissects some of early Model X quality issues that are being reported by Tesla Motors (NASDAQ:TSLA) customers. It's not a complete surprise that the complicated falcon wing doors was a prime example.
- CR also notes that message board complaints on the electric SUV range from issues with "balky doors, interior trim-piece tolerances, paint-spray quality, malfunctioning second-row seats, sheet-metal panel gaps, and climate control."
- Tesla has a strong record on Consumer Reports with the Model S winning car of the year.
- A spokesperson for Tesla says the company is being proactive in addressing customer concerns.
- Tesla was down 2.56% today to land at $247.37.
- Now read Tesla Model X Demand: Robust Or Bust?
Tue, Apr. 19, 12:14 PM
- There's some buzz out of Germany that Apple (AAPL -0.7%) has a secret R&D lab up and running with 20 employees working on an electric vehicle project.
- The original report in German is from Frankfurter Allgemeine Zeitung, while Mashable has a mashup of the latest Apple Car development. The publication deduces that Apple is considering German manufacturing and will partner with supplier Magna International (MGA +0.8%).
- Germany isn't completely foreign territory for Apple as it dabbles with EV car possibilities. Last year, CEO Tim Cook met with BMW (OTCPK:BAMXY) execs and toured an i3 manufacturing site in Leipzig.
- Earlier today, Electrek reported that former Tesla (TSLA -4.3%) VP of vehicle engineering Chris Porritt moved to Apple to work on the company's EV project. The publication speculates that Porritt could be a candidate to head Project Titan which has been operating in a leadership void since Steve Zadesky stepped down.
- Now read Does Tesla Have An Apple Problem?
Sun, Apr. 17, 9:42 AM
- Tesla (NASDAQ:TSLA) CEO Elon Musk's total compensation last year was valued at $37,584, reflecting the minimum wage requirements in California. But that doesn't include the 5.27M in stock options he received in 2012 that were intended to compensate him for 10 years.
- As of Dec. 31, Musk owned about 37.2M Tesla shares, a 26.5% stake, worth roughly $9.47B based on Friday's closing price.
- Meanwhile, new CFO Jason Wheeler's compensation was valued at $20.9M, almost entirely from a new-hire stock-option grant (only $46,154 was in salary). Wheeler joined Tesla from Google in November.
- JB Straubel, the company's chief technology officer, got $250,560 in salary while Doug Field, Tesla's vice president of engineering, received a $306,923 salary and $2.8M in stock awards.
- Now read Tesla: Time To End The Resale Guarantee Backstop
Sun, Apr. 17, 8:02 AM
- Tesla's (NASDAQ:TSLA) biggest challenge is still to come, Barron's says this weekend. While Model 3 presales have reached a stunning 325K, CEO Elon Musk has had difficulty mastering the skill of building and delivering cars at scale.
- Tesla has delivered just 120K cars in its 13-year existence. Product launches have been plagued by delays.
- In describing a recent parts shortage, Tesla laid out the challenge: "The parts in question were only half a dozen out of more than 8,000 unique parts; nonetheless, missing even one part means a car cannot be delivered. Tesla is addressing [the] root causes to ensure that these mistakes are not repeated with the Model 3 launch." Barron's: "Time will tell. Tesla has promised its initial Model 3 deliveries by late 2017, but it could take years to deliver all of the preorders."
- Meanwhile, with less bombast, GM's (NYSE:GM) Chevrolet unit unveiled a similar car in January. Bolts will be widely available by early 2017. "Tesla has made a lot of noise and created passion," says Karl Brauer, a senior analyst for Kelley Blue Book and veteran industry observer. "But Chevy and GM will crack the real-world electric vehicle first. Theirs will be available not just months, but years, before Tesla's."
- Now read Why Tesla Revealed The Model 3 So Early »
Tesla Motors, Inc. engages in the design, development, manufacturing, and selling of electric vehicles and electric powertrain components. Its products include electric vehicles such as the Model S, Model X, and the Tesla Roadster. The company was founded by Jeffrey B. Straubel, Elon R. Musk and... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Country: United States
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