Tesla will release its 3rd Quarter results on Tuesday, 3 November 2015. I feel that this report and call will be more important than usual, because the company will be reporting guidance after a major product launch (Model X).
In particular, I am looking for Tesla to answer serious questions about the Model X launch and ramp.
After a month, there seem to be only a handful of Founders Series deliveries, and questions continue to fester regarding specifications. For example, photos and videos taken on launch night showed Model X vehicles with 72-amp chargers. More recently, a customer was told that Model X would only have a 48-amp charger (http://www.teslamotorsclub.com/show...l-X-has-a-single-charger-but-only-48A-capable). With customers largely in the dark about critical specifications and actual delivery dates, I feel that Tesla needs to issue new guidance on Model X deliveries for this year. As a shareholder, I am not happy with the way that this launch has been handled. Given all of the experience gained with Model S, why is the company fumbling now? I want to know what they intend to do about this.
I am hopeful that increased interest in Model S, due to the X launch (people can get an S fairly quickly, if the event sparked interest in a Tesla) and publicity surrounding Autopilot, can cover any gap caused by any Model X production issues. Tesla had previously stated in quarterly reports that delays in Model X could affect deliveries and therefore reduce revenues by a noticeable amount (a couple hundred cars/week translates into 10s of millions of dollars in revenue).
Any news on Tesla Energy, Gigafactory, and Model 3 would be welcome.
In particular, I am looking for Tesla to answer serious questions about the Model X launch and ramp.
After a month, there seem to be only a handful of Founders Series deliveries, and questions continue to fester regarding specifications. For example, photos and videos taken on launch night showed Model X vehicles with 72-amp chargers. More recently, a customer was told that Model X would only have a 48-amp charger (http://www.teslamotorsclub.com/show...l-X-has-a-single-charger-but-only-48A-capable). With customers largely in the dark about critical specifications and actual delivery dates, I feel that Tesla needs to issue new guidance on Model X deliveries for this year. As a shareholder, I am not happy with the way that this launch has been handled. Given all of the experience gained with Model S, why is the company fumbling now? I want to know what they intend to do about this.
I am hopeful that increased interest in Model S, due to the X launch (people can get an S fairly quickly, if the event sparked interest in a Tesla) and publicity surrounding Autopilot, can cover any gap caused by any Model X production issues. Tesla had previously stated in quarterly reports that delays in Model X could affect deliveries and therefore reduce revenues by a noticeable amount (a couple hundred cars/week translates into 10s of millions of dollars in revenue).
Any news on Tesla Energy, Gigafactory, and Model 3 would be welcome.