My guess is that there will be a different price for FSD vs non-FSD.I hope Tesla insurance is offered to the whole fleet, including legacy cars (like my 2013 S)
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My guess is that there will be a different price for FSD vs non-FSD.I hope Tesla insurance is offered to the whole fleet, including legacy cars (like my 2013 S)
That doesn't really make sense though if they hit all those deliveries.
I kind of wonder if they have more one time restructuring events they expect in Q2.
Deciding whether Model Y should be in NV or CA. I called that one (and got some hate for it...).
Secondly, it still appears to be unclear (to me) whether the Model Y is going to be made at GF1, or in Fremont. Doing it in Fremont would be safer, faster, and it would allow GF1 vehicle production to be the grounds-up design they always planned - and not a fast copy of the Fremont Model 3 lines. It would also allow GF1 to attract a larger labor force.
Note that I can see four low capex methods to make space at Fremont for Model Y production:
A fourth, high capex method is to build new buildings at Fremont:
- Retool the Model S body line - this just got easier to do.
- Use the space of the 75D pack assembly lines - this too just got easier to do as well with the new Model S/X.
- Free up and shrink warehouse space at Fremont and re-purpose it as factory floor space. Guess what: Tesla is applying the finishing touches on their new giant warehouse just 55 miles away from Fremont: "Tesla’s massive distribution center in Northern California is coming to life".
- Reduce the complexity of the Model S/X interior, this would free up plastic molding lines at the molding shop. (See 'plastics' on the map below.) The rumored/leaked Model S/X interior refresh might enable this.
The blue areas are still available expansion areas I believe - but those would have longer lead time than the re-purposing of existing factory floor space, and would cost significantly more.
Anyway, I think the chances have now increased that Tesla might be able to build the Model Y at Fremont. The other option would be to do it at the Nevada Gigafactory.
And that insurance product will be very compelling compared to what is out there now
For shame.non-Tesla cars within same household
The way Adam Jonas asked that question. Might be some interested party behind the scene.
It’s not a Tesla quarterly conference call without a capital raise question/concernHAHA - capital raise question coming I knew it
In retrospect, but M3 lines should have been designed for both M3 and MY ...
Just stop. (Tesla)
No one is going to believe that. If someone does, I’d like to introduce them to a few bridges that just came available off-market.
Glass half full:
To me it looks like they packed as much bad news into this earnings release as they could. I thought they would try to add some ZEV or recognize the FCA revenue, but they seemed to take no optional revenue sources and have taken all possible write downs. Some of those write downs could not be avoided, due to price reductions, but it didn't seem that all the lease write downs all had to be done in Q1. If deliveries really pick up like they are saying revenue and profit should improve significantly going forward. They just need to tough out the hate campaign, maintain the brand image and keep plugging away on the new products and FSD. Even if FSD is 2021, 2020 should be very profitable.
Glass half empty:
I guess my dream of the stock firing up to $406 after earnings is not going to happen!
So they should have figured out how to ramp up their first mass market car AND made sure that line was future proof too? I think the Tesla team is pretty amazing but there are limits...