Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[SOULPEDL]

I bought some of those.

Cool, I just need some powder in case. Been dry for the past month.

 

[bdy0627]

Answering that now. Basically, its because they're unwinding the "wave" instead of packing deliveries into the quarter.

But if they are unwinding the wave and delivering worldwide throughout the quarter, I would expect the in transit number to remain fairly high. I would think it would be difficult to hit 90k for Q2.

 

[Tslynk67]

Stands out as very curious for me too. Also, how can they be not profitable with 90k to 100k deliveries???

Because the majority will be lower-margin SR+ likely the short-range S&X too - that's what people have been mostly buying in the past.

 

[SebastianR]

FCA question - very good.

Answer: it is confidential.

 

[ZeApelido]

Hey Elon, can you report deliveries more frequently?

 

[MarcusMaximus]

But if they are unwinding the wave and delivering worldwide throughout the quarter, I would expect the in transit number to remain fairly high. I would think it would be difficult to hit 90k for Q2.

*shrug*, that's what they're saying.

 

[elasalle]

Did someone just say " we are filling the ship 100% now" ?

 

[aubreymcfato]

Thi EC started with an apparently very tired Elon, then became a very normal, polite conversation.
I like it: Tesla execs morale is good.

 

[ZsoZso]

boneheaded questions are not getting answers, mr. Tamburino...

 

[Boomer19]

typical GS bullsh*t

 

[CyberDutchie]

Elon very disciplined in his answers

 

[Fact Checking]

But if they are unwinding the wave and delivering worldwide throughout the quarter, I would expect the in transit number to remain fairly high. I would think it would be difficult to hit 90k for Q2.

It's actually easier to maximize deliveries in a continuous delivery model, because with the "wave" method many of the more distant delivery centers run out of cars 1-2 days before the end of the quarter, some of the faraway ones run out of cars 1-2 weeks before the end of the quarter, plus this lack of cars persists in the first few weeks of the quarter. Delivery centers closest to the factory are overworked. This creates a lot of risk of cars ending up in the wrong place and not being matched to customers.

By smoothing deliveries they'll also be able to stop the end of quarter discounts that many customers learned to rely on. This will help margins.

All around a good move, but obviously capital intensive.

 

[EVMeister]

Deepak!

 

[Boomer19]

great, this UBS clown

he’s not quite gordon johnson, but not for lack of trying

no matter what elon says, it’ll be yet another downgrade tomorrow

 

[SebastianR]

... and now UBS not getting the Tesla mission

35k Model 3 still available and being advertised! Great question!

 

[Doggydogworld]

Because the majority will be lower-margin SR+ likely the short-range S&X too - that's what people have been mostly buying in the past.

They say more than half of US Model 3 orders are LR (once the SR/SR+ pent up demand played out).

 

[KSilver2000]

Tesla claim that cell production limited their car numbers in Q1. If most purchases from now on are SR+ then in theory they can get, what 35% more M3 for the same number of batteries. Added to that renewed interest in MS/X, maybe it's not such a crazy statement...

Yes, there are factors that will no doubt increase the number. But, I doubt to the 90-100k as projected for this quarter. They even said on the call that their ASP is rising to $50K. That’s not possible if so many 3’s sold is SR+.
I’ve accepted that with even a very forward-thinking Tesla, “in theory” means “unrealistic”. Tesla will reach its goals, and I believe in them, just not within their stated timeframes.

 

[CyberDutchie]

Great! Sticking to one hour!

 

[MarcusMaximus]

Lol, ended with Elon laughing

 

[carterm2]

we can all DISCONNECT! haha...