TSLA - Tesla Motors

[JBird]

Anyone reserving a Model 3 today?  It's amazing to see how many people lined up to put a $1k deposit on an electric car they've never seen before.

 

115k pre-orders in 1 hour. The car looks amazing. It gets at least 215 miles on a charge. Supercharger comes standard. 5 star safety rating in all categories. 0-60 mph in sub 6 seconds. Seats 5 comfortably.

 

;D

[CorpRaider]

I kinda' want one.  We will see if the delays in delivery are like the Model x.

[giofranchi]

A Ride in Tesla's $35,000 Model 3: Musk's Master Plan Realized

 

http://www.bloomberg.com/news/articles/2016-04-01/a-ride-in-tesla-s-35-000-model-3-musk-s-master-plan-realized

 

I'll have to wait till 2018! ;)

 

Cheers,

 

Gio

[Liberty]

This will sell like hotcakes.

[rkbabang]

I kinda' want one.  We will see if the delays in delivery are like the Model x.

 

I want one as well.  I'm not going to pre-order though.  I'm going to wait until they are out for a few months to a year and see how people make out with them.  Once all the bugs are out I'll consider getting one.  My Hyundai still has a few years left in her, I can wait.

 

[Travis Wiedower]

Wow that Model 3 is even more impressive than I imagined. I've heard complaints from people thinking the front looks weird because we're so used to grills. I like it though.

[KFRCanuk]

http://www.thedailybeast.com/articles/2016/03/31/tesla-s-model-3-could-destroy-elon-musk-s-company.html

 

But there’s another, more troubling explanation for Tesla’s rush: The company needs more cash to actually complete development of the Model 3 and bring it to market. Tesla has been burning cash at a remarkable rate over the last year in order to ramp up Model X production and develop the Model 3: As of the end of last year, it was down to its last $1 billion in cash (maybe $1.2 billion, rounding up). Given its deep operating losses (it burned nearly $1 billion in cash in 2015 alone), that burn rate is too high to survive until 2018 while completing development work on the Model 3 and ramping up the sales, service, and Supercharger infrastructure needed to handle the expected new influx of customers. Even the $115 million in deposits collected won’t make a dent in Tesla’s capital requirements.

[LowIQinvestor]

So realistically you can get one in early 2018!? Telsa's tends to over-promise on delivery times from what I've seen.

 

Will be interesting to see if another auto company releases something similar before 2018...

[hyten1]

Chevy Bolt is ready end of this year 2016

[Picasso]

The Chevy Bolt is dead in the water.  People still don't seem to get why people choose a Tesla over some GM product. The charging infrastructure is a big deal.

[Jurgis]

The Chevy Bolt is dead in the water.

 

Doh. Don't put Chevy Bolt into the water. Ruins the batteries. That's why it's dead.

[JBird]

http://www.thedailybeast.com/articles/2016/03/31/tesla-s-model-3-could-destroy-elon-musk-s-company.html

 

But there’s another, more troubling explanation for Tesla’s rush: The company needs more cash to actually complete development of the Model 3 and bring it to market. Tesla has been burning cash at a remarkable rate over the last year in order to ramp up Model X production and develop the Model 3: As of the end of last year, it was down to its last $1 billion in cash (maybe $1.2 billion, rounding up). Given its deep operating losses (it burned nearly $1 billion in cash in 2015 alone), that burn rate is too high to survive until 2018 while completing development work on the Model 3 and ramping up the sales, service, and Supercharger infrastructure needed to handle the expected new influx of customers. Even the $115 million in deposits collected won’t make a dent in Tesla’s capital requirements.

 

Doomsday spinning at its finest. Tesla built the Gigafactory in 2015. Think that's going to be an annual cash outlay?

[TorontoRaptorsFan]

I think the Model X should have been introduced after the Model 3 started production.

Glad to see the Supercharger Network will be expanded which will be necessary once Model 3 start showing up on roads.

[awindenberger]

http://www.thedailybeast.com/articles/2016/03/31/tesla-s-model-3-could-destroy-elon-musk-s-company.html

 

But there’s another, more troubling explanation for Tesla’s rush: The company needs more cash to actually complete development of the Model 3 and bring it to market. Tesla has been burning cash at a remarkable rate over the last year in order to ramp up Model X production and develop the Model 3: As of the end of last year, it was down to its last $1 billion in cash (maybe $1.2 billion, rounding up). Given its deep operating losses (it burned nearly $1 billion in cash in 2015 alone), that burn rate is too high to survive until 2018 while completing development work on the Model 3 and ramping up the sales, service, and Supercharger infrastructure needed to handle the expected new influx of customers. Even the $115 million in deposits collected won’t make a dent in Tesla’s capital requirements.

 

Doomsday spinning at its finest. Tesla built the Gigafactory in 2015. Think that's going to be an annual cash outlay?

 

Im a big fan of Tesla the company and want the Model 3, but the Gigafactory is only about 20% done at this point, so there will be large additional cash outlays for the next few years on it.

[hyten1]

wow you are so smart you are the only one who knows about the charging infrastructure, wow

 

 

The Chevy Bolt is dead in the water.  People still don't seem to get why people choose a Tesla over some GM product. The charging infrastructure is a big deal.

[Picasso]

Perhaps you can explain to me why someone would buy a Chevy Bolt at this point?  Or any other similarly priced EV?

 

And you realize the Chevy Bolt doesn't even come standard with a fast charging DC capability?

[hyten1]

sure

 

1. its available in 2016 (some people would actually want to get it earlier)

2. i guess the market you live in is one product takes all (everyone who wants to buy a EV so naturally will "ALL" buy the tsla) why do people buy a camry vs altima vs malibu i dont know?

3. hmm maybe someone wants a crossover in terms of dimensions vs a small sedan

4. maybe someone actually want a dealer network available down the street

5. you know its possible that someone might not actually like the "look" of the tsla but instead prefer the Bolt

 

now am i saying bolt is better, no i am not,  but to say chevy is dead in the water etc is premature.

 

 

Perhaps you can explain to me why someone would buy a Chevy Bolt at this point?  Or any other similarly priced EV?

[Picasso]

Choosing between an electric car isn't like choosing between an ICE.  Asthetics are less important.  What's more important is not feeling like you can't drive where you need to due to a lack of charging infrastructure. 

 

If you buy the Bolt you can only drive out 80-100 miles, sit and charge for 13 hours, then drive back home.  That's dead in the water if I ever saw it.  Sure, some people will buy it like people buy the Leaf or i3.  But that's not the answer for a mass market electric car.

 

Now what do you think the depreciation is going to be on a car that can't even get on par with the Tesla Model 3?  We've already seen how the Leaf and Volt depreciate.  It isn't pretty. 

 

And we're just ignoring all the other positives that will come from owning a Model 3 versus the Bolt.  Over the air software updates, autopilot ready, and better safety.  Why wouldn't someone just wait a little longer to buy the Model 3?

[kfh227]

I think the Model X should have been introduced after the Model 3 started production.

Glad to see the Supercharger Network will be expanded which will be necessary once Model 3 start showing up on roads.

 

They needed a premium priced product so they could have better margins.  At a lower price, too many people would rather save $10K and just get a Prius.  They needed to go after people that are interested in BMW 5 and 7 series cars.  That's what they did and it worked.

[snailslug]

Choosing between an electric car isn't like choosing between an ICE.  Asthetics are less important.  What's more important is not feeling like you can't drive where you need to due to a lack of charging infrastructure. 

 

If you buy the Bolt you can only drive out 80-100 miles, sit and charge for 13 hours, then drive back home.  That's dead in the water if I ever saw it.  Sure, some people will buy it like people buy the Leaf or i3.  But that's not the answer for a mass market electric car.

 

Now what do you think the depreciation is going to be on a car that can't even get on par with the Tesla Model 3?  We've already seen how the Leaf and Volt depreciate.  It isn't pretty. 

 

And we're just ignoring all the other positives that will come from owning a Model 3 versus the Bolt.  Over the air software updates, autopilot ready, and better safety.  Why wouldn't someone just wait a little longer to buy the Model 3?

 

The Bolt goes 200 miles on one charge.

[Liberty]

I think the Model X should have been introduced after the Model 3 started production.

Glad to see the Supercharger Network will be expanded which will be necessary once Model 3 start showing up on roads.

 

They needed a premium priced product so they could have better margins.  At a lower price, too many people would rather save $10K and just get a Prius.  They needed to go after people that are interested in BMW 5 and 7 series cars.  That's what they did and it worked.

 

Model X is based on the Model S platform. It's a way to get more out of existing investment and build more economies of scale. Wouldn't have made sense to wait until after Model 3 IMO.

[augustabound]

The Bolt goes 200 miles on one charge.

 

I don't trust GM products or its customer service.

It may not be the same GM from 10 years ago but it will take a lot for me to change my opinion of GM from decades of poor quality.

 

Count me in the group of wait and see for the first couple of years. I'd love a Tesla but don't want a first production run.

 

Of course in a couple of years I may be in the position to buy a Model S.

[fareastwarriors]

Is Tesla a buy here?

[LowIQinvestor]

Over/Under on TSLA capital raise?  2 months

 

I'll take the under...

[TwoCitiesCapital]

Over/Under on TSLA capital raise?  2 months

 

I'll take the under...

 

Yea...that's why I was short it and Netflix. But it's hurting right now....