Tesla Q2 news on Reuters...
No big surprises, I think. Tesla Shareholder Letter looks pretty encouraging!
No big surprises, I think. Tesla Shareholder Letter looks pretty encouraging!
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Tesla Q2 news on Reuters...
No big surprises, I think. Tesla Shareholder Letter looks pretty encouraging!
Some interesting tidbits:
Model X deliveries scheduled to start late 2013 - less than 18 months after Model S deliveries start.
Did I understand Elon's opening statement in the Q&A section correctly, that aside from the $100 million deal with Toyota, they are in discussions for a deal an order of magnitude larger than that?
Did I understand Elon's opening statement in the Q&A section correctly, that aside from the $100 million deal with Toyota, they are in discussions for a deal an order of magnitude larger than that?
Elon Musk
And we've also signed the $100 million deal with Toyota. We're actually in discussions with them for a deal that is in order of 90 or larger than that.
One of the toughest challenges is achieving a five-star crash rating across the board by 2012 standards.
Now, to be clear, there is no car currently in existence that has five star in every category by 2012 standards. These standards have risen quite a bit. But the best, that's our target. And we got very close in the offer, and I think we're going to get there in either early beta phase or in interim by the sort of mid-to-late beta phase.
When talking about a deal "in order of 90 or larger than that" I assume he means a $190 million deal? This is typical Elon-speak.
Edit: Continuing reading, TM are planning a big event on the 1st of October for Model S reservation holders. Sounds like some big presentations about the car, particularly regarding what's considered when making a car safe, and some Beta test drives for automotive press and test rides for reservation holders. Very exciting!
I've been given the understanding that 10 Betas have been completed already and that October will begin the test drives for reservation holders only. No public test drives will take place due to the limited number of dealers and cars.
I've been given the understanding that 10 Betas have been completed already and that October will begin the test drives for reservation holders only. No public test drives will take place due to the limited number of dealers and cars.
With 19 stores, it makes me go hmmmm...
I'd take that to mean "on the order of 90+ million".When talking about a deal "in order of 90 or larger than that" I assume he means a $190 million deal? This is typical Elon-speak.
I'm pretty sure he says "an order of magnitude larger", also another time later on. Those transcripts aren't too reliable, it doesn't even sound like correct english (to me).
Of course, $1 billion is still a large sum to mention in a short remark, but he does mention it twice.