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Tesla's Supercharger Team was recently laid off. We discuss what this means for the company on today's TMC Podcast streaming live at 1PM PDT. You can watch on X or on YouTube where you can participate in the live chat.
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Perfect example of financial news manipulation:
Terms of Service Violation
Dana Hull writes a positive article yesterday about Tesla for Bloomberg.
However, the big top-of-the-page graphic is a cartoonish Elon burning cash with a flamethrower.
Then as scroll down to read the article, a permanent $ ticker is blasted across the top that live ticks up saying this is how much cash Tesla is burning as “you read this article.”
Its just desperate. I imagine Bloomberg won’t last long as more and more people find alternative sources of information that add value to investors on a broader scale. There is a massive gap growing here and this type of chicanery just making it wider.
Terms of Service Violation
Dana Hull writes a positive article yesterday about Tesla for Bloomberg.
However, the big top-of-the-page graphic is a cartoonish Elon burning cash with a flamethrower.
Then as scroll down to read the article, a permanent $ ticker is blasted across the top that live ticks up saying this is how much cash Tesla is burning as “you read this article.”
Its just desperate. I imagine Bloomberg won’t last long as more and more people find alternative sources of information that add value to investors on a broader scale. There is a massive gap growing here and this type of chicanery just making it wider.
so who's going to be the whistleblower to report them to SEC?!
Only 8, in two months!? We expect more from a TMCer, @haid!
I think that 2-3 rides per week should be mandatory.
I'm deadly serious.
mspohr
Well-Known Member
In spite of the graphics and headlines, the article itself is a fairly balanced description of Tesla's current position and prospects.
So... probably an editor who is out to trash Tesla.
Here is what we are talking about. Think about how far advanced the 3 is vs. the S vs. the rest of the industry.
Tesla Model 3 Performance: Track Test
Tesla Model 3 Performance: Track Test
"What they've created along with the entire Tesla team is the world's first electric sport sedan with bona fide race track chops. That's important for electric car technology, for motorsports culture, and for the future of the automotive hobby as a whole."
Tesla Model 3 Performance: Track Test
Tesla Model 3 Performance: Track Test
That's the most glowing review of an EV as track car as I've ever read. Track mode sounds like the ultimate on-track driver aide!
Esme Es Mejor
Member
Definitely nice going.
Also, all of those cars are significantly cheaper than the Model 3 (especially versions currently shipping).
Model 3 is probably already the number 1 or 2 car* in the U.S. in terms of total revenue.
Camry is almost definitely #1 by revenue. Accord looks like #2, but by a very small margin. If actual deliveries were over 14,600 OR if ASP was over $55.3K, the Model 3 has already overtaken it.
In August, 16,200 deliveries should be enough to overtake Camry’s revenue. I’d be very surprised if it doesn’t happen.
Esme Es Mejor
Member
Esme Es Mejor
Member
Toyota Camry
I’m not clear if that is for Camry in general, or just that trim. If the ASP is actually below $29,200, I believe Model 3 takes it.
@Esme Es Mejor that is for the top of the line trim Camry XSE V6 Automatic
Tesla delivered 14,250 Model 3s in July per insideEV's numbers (usu. conservative). Estimating ASP at $55K= $783,750,000
26,311 Camrys sold in July. Average Transaction Price would have to exceed $29.8K for it to be the top seller. In Jan. 2018 the average price for a mid-sized car was only $25,865 according to kbb.com. I seriously doubt the Camry would be $4K higher than average.
I think it is highly likely that the Model 3 is already the number one selling passenger car in the U.S. by revenue.
Average New-Car Prices Rise Nearly 4 Percent For January 2018 On Shifting Sales Mix, According To Kelley Blue Book
Tesla delivered 14,250 Model 3s in July per insideEV's numbers (usu. conservative). Estimating ASP at $55K= $783,750,000
26,311 Camrys sold in July. Average Transaction Price would have to exceed $29.8K for it to be the top seller. In Jan. 2018 the average price for a mid-sized car was only $25,865 according to kbb.com. I seriously doubt the Camry would be $4K higher than average.
I think it is highly likely that the Model 3 is already the number one selling passenger car in the U.S. by revenue.
Average New-Car Prices Rise Nearly 4 Percent For January 2018 On Shifting Sales Mix, According To Kelley Blue Book
Depends on where you live and how many people you know. I've only given a few test drives in 2 years in large part because most of the people I've offered turn me down because they have already driven one. Two of the people who took up my offer were visiting from parts of the US where Teslas were rare.
This did remind me... one friend who is coming next month really wants a Model 3 and I suggested to her she get an appointment for a test drive while in Portland.
Esme Es Mejor
Member
I think you’re correct, but I’d still like to see solid numbers if anyone knows where to find ASPs by model. My Google-fu appears to be insufficient on this one.
Either way, it’s clear that the Model 3 will be the highest-revenue passenger car in America for the entire 2nd half of 2018. That’s kind of amazing. And, like the iPhone, it will dominate profits even more than market share.
MartinAustin
Active Member
What is also amazing, in the opposite direction, is that the rest of the automotive industry has had full warning about this impending situation. Tesla pre-announced its plans years ago and frequently talked about plans for huge amounts of production numbers, "a factory of giga-proportions" as Elon put it in 2013... and they were simply not taken seriously. The rest of the industry has nothing competitive, even if there are a few BEVs here and there. The rest of the decade is going to be dominated by the Model 3 and the effect it is having on the fortunes of other manufacturers.
The news coverage on Tesla is about to get much more positive.
Too many of us blame the vastly negative news coverage on FUDsters, bad analysts, biased periodicals etc.
While they exacerbate the problem, they are not the core of the problem.
The negative press merely reflects the negative perception of Tesla in the general community.
We assume evil actors, because we simply don’t understand how the general perception can be honestly so negative. Our mistake here is forgetting that most people don’t have long term vision. The average investor sees a completely different situation than we see. They see a company losing money every quarter, in a highly competitive industry, with huge capex needs, with manufacturing problems and a volatile CEO.
These short-sighted individuals make up the vast bulk of the readership of both the general and financial press, as well as the reporters and editors.
What is going to change very soon is that the very positive Tesla situation is going to start to be perceived by the general audience. Profitable quarters are going to be a huge wake-up call to the short-sighted. So too will be big numbers of cars being purchased, resulting in large revenue and positive cash flow.
As the man-on-the-street starts to “get” the situation, the better press coverage will naturally follow. There will still be FUD, and some perceptions take longer to flip, but we will start seeing a lot more positive press than we have in the past to balance things out.
Too many of us blame the vastly negative news coverage on FUDsters, bad analysts, biased periodicals etc.
While they exacerbate the problem, they are not the core of the problem.
The negative press merely reflects the negative perception of Tesla in the general community.
We assume evil actors, because we simply don’t understand how the general perception can be honestly so negative. Our mistake here is forgetting that most people don’t have long term vision. The average investor sees a completely different situation than we see. They see a company losing money every quarter, in a highly competitive industry, with huge capex needs, with manufacturing problems and a volatile CEO.
These short-sighted individuals make up the vast bulk of the readership of both the general and financial press, as well as the reporters and editors.
What is going to change very soon is that the very positive Tesla situation is going to start to be perceived by the general audience. Profitable quarters are going to be a huge wake-up call to the short-sighted. So too will be big numbers of cars being purchased, resulting in large revenue and positive cash flow.
As the man-on-the-street starts to “get” the situation, the better press coverage will naturally follow. There will still be FUD, and some perceptions take longer to flip, but we will start seeing a lot more positive press than we have in the past to balance things out.
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