tacobell fan Posted January 18, 2019 Report Posted January 18, 2019 Tesla CEO Elon Musk dropped an email to employees last night at 1am PT which was posted to the SEC and on its own News site. In it, he details the challenges ahead for Tesla as it tries to reduce the price of its Model 3 to the $35,000 price point and make its other products more competitive to fossil fuel equivalents. The standout statistic is that Tesla will reduce its workforce by 7% to try to make its products more cost competitive. That 7% doesn’t seem dire when shown against the 30% employee growth Tesla accumulated last year. Tesla also again plans to retain only the “most critical temps and contractors” as well. This is after Musk ran a brutal review of contractors last year after he found that a great deal of waste in the sector at Tesla. Musk also noted that Q4 wouldn’t be as profitable (but it would still be in the black) as Q32018 in which Tesla reported its first significant profit of $312 million. Tesla (TSLA) shares are down in mornings pre-trading almost 7%. Quote
shaw183 Posted January 18, 2019 Report Posted January 18, 2019 we can buy the dip when it drops further.. Quote
tacobell fan Posted January 18, 2019 Author Report Posted January 18, 2019 4 minutes ago, shaw183 said: we can buy the dip when it drops further.. Musk is saying there isn't enough demand for Tesla vehicles at current prices. Slowing economic growth around the world likely isn't helping the situation, so let's appeal masses by introducing the $35k Model 3 price point ASAP. If that happens then stock won't drop. Quote
shaw183 Posted January 18, 2019 Report Posted January 18, 2019 Just now, tacobell fan said: Musk is saying there isn't enough demand for Tesla vehicles at current prices. Slowing economic growth around the world likely isn't helping the situation, so let's appeal masses by introducing the $35k Model 3 price point ASAP. If that happens then stock won't drop. vaadu maha gatikudu..oka twitt tho stock ni edana cheyagaladu...we should also be like hit n run..this world never stood on fundamentals. Quote
AndhraneedSCS Posted January 18, 2019 Report Posted January 18, 2019 Many factors are working against Tesla right now 1) Competition waking up and offering competitive vehicles although they dont have charging infrastructure on par with Tesla 2) Competition can use $7500 tax credit where as Tesla already lost half of it 3)Competition has revenue coming from ICE vehicles and can afford Electric vehicle losses until the industry matures and make electric vehicles profitable 4) most of Tesla's profits come from Model S,X and now there may not be demand for those vehicles due to the price tag. Quote
tacobell fan Posted January 18, 2019 Author Report Posted January 18, 2019 5 minutes ago, AndhraneedSCS said: Many factors are working against Tesla right now 1) Competition waking up and offering competitive vehicles although they dont have charging infrastructure on par with Tesla 2) Competition can use $7500 tax credit where as Tesla already lost half of it 3)Competition has revenue coming from ICE vehicles and can afford Electric vehicle losses until the industry matures and make electric vehicles profitable 4) most of Tesla's profits come from Model S,X and now there may not be demand for those vehicles due to the price tag. The biggest drawback for competition is the infrastructure for the charging stations. No matter how hard anyone argue it is not easy to match the supercharge network that Tesla has developed over years + vehicle performance. So at the end lot of people still wait for the charging network does grow exponentially. Quote
AndhraneedSCS Posted January 18, 2019 Report Posted January 18, 2019 41 minutes ago, tacobell fan said: The biggest drawback for competition is the infrastructure for the charging stations. No matter how hard anyone argue it is not easy to match the supercharge network that Tesla has developed over years + vehicle performance. So at the end lot of people still wait for the charging network does grow exponentially. agreed. But that may be worth $2000 or so if you try to quantify. This will come into picture only on long trips and most people who really afford/buy an electric vehicle can easily afford a home or have charging at office at no cost. Quote
hyperbole Posted January 18, 2019 Report Posted January 18, 2019 59 minutes ago, AndhraneedSCS said: Many factors are working against Tesla right now 1) Competition waking up and offering competitive vehicles although they dont have charging infrastructure on par with Tesla 2) Competition can use $7500 tax credit where as Tesla already lost half of it 3)Competition has revenue coming from ICE vehicles and can afford Electric vehicle losses until the industry matures and make electric vehicles profitable 4) most of Tesla's profits come from Model S,X and now there may not be demand for those vehicles due to the price tag. Lol..Tesla is ahead of everyone by 10 years atleast terms of EV infra and car tech.. na friends and office coworkers lo 7-8 people bought model 3 and x in last couple months. Okkadu ayite valla wife 2 years nundi job manesta ani cheppidi anta because of commute(20 miles 1 hr 30 minutes stop and gonkind), last 3 months nundi no complaints thanks to auto pilot. Until you drive one you will not understand how much path defining a tesla is Quote
k2s Posted January 18, 2019 Report Posted January 18, 2019 2 hours ago, tacobell fan said: Musk is saying there isn't enough demand for Tesla vehicles at current prices. Slowing economic growth around the world likely isn't helping the situation, so let's appeal masses by introducing the $35k Model 3 price point ASAP. If that happens then stock won't drop. 35k ki just car steering , body, tires isthadu anta migitha anni upgrades chesuntey $60k - 65k authundi bongu waste ani $1k deposit vapas thesesukunna.. many did the same and another reason, govt reduced incentive from $7.5k to$3.5k (exact #, dunno). Electric car konedi main ga tax benefit kosam.. adi kuda leka pothey enduku kontaru janalu. Quote
argadorn Posted January 18, 2019 Report Posted January 18, 2019 1 minute ago, k2s said: 35k ki just car steering , body, tires isthadu anta migitha anni upgrades chesuntey $60k - 65k authundi bongu waste ani $1k deposit vapas thesesukunna.. many did the same and another reason, govt reduced incentive from $7.5k to$3.5k (exact #, dunno). Electric car konedi main ga tax benefit kosam.. adi kuda leka pothey enduku kontaru janalu. 2021 vraku anna cheap cheyachu ga ... musk uncle Quote
k2s Posted January 18, 2019 Report Posted January 18, 2019 6 minutes ago, argadorn said: 2021 vraku anna cheap cheyachu ga ... musk uncle Chesthadu... forced ga.. when electric cars become cheap Quote
hyperbole Posted January 18, 2019 Report Posted January 18, 2019 13 minutes ago, k2s said: 35k ki just car steering , body, tires isthadu anta migitha anni upgrades chesuntey $60k - 65k authundi bongu waste ani $1k deposit vapas thesesukunna.. many did the same and another reason, govt reduced incentive from $7.5k to$3.5k (exact #, dunno). Electric car konedi main ga tax benefit kosam.. adi kuda leka pothey enduku kontaru janalu. Tesla is not a for avg Joe..Musk clearly knows his target market ie rich american middle class who would otherwise buy some 45-50 car like a merc or a bmw. Model 3 is a no brainer for those kind of people, auto pilot and super charger are just worth the money man Quote
idibezwada Posted January 18, 2019 Report Posted January 18, 2019 33 minutes ago, hyperbole said: Lol..Tesla is ahead of everyone by 10 years atleast terms of EV infra and car tech.. na friends and office coworkers lo 7-8 people bought model 3 and x in last couple months. Okkadu ayite valla wife 2 years nundi job manesta ani cheppidi anta because of commute(20 miles 1 hr 30 minutes stop and gonkind), last 3 months nundi no complaints thanks to auto pilot. Until you drive one you will not understand how much path defining a tesla is lol..you should be kidding...tesla is only ahead in batter tech...everyone other car company out there can crush tesla when it comes to car tech Quote
hyperbole Posted January 18, 2019 Report Posted January 18, 2019 5 minutes ago, idibezwada said: lol..you should be kidding...tesla is only ahead in batter tech...everyone other car company out there can crush tesla when it comes to car tech Over the air updates and adavaced auto pilot main stream cars lo raniki enko 10 years padutadi. In current state Laser/radar based autopilot equipment is huge and costs as much as the car(50-100k) depending on how adavanced it is. Commercial fleet like taxis/uber and delivery vechicles lo vastayi next 3-5 years but main stream car is 10 years away. Tesla brilliantly worked around the problem using its camera tech Quote
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