Sunday, 22 October, 2017

Tesla falls short on Model 3 production

Tesla Model S  X/3 Deliveries – through September 2017 Tesla Model S X/3 Deliveries – through September 2017
Kristine Garrett | 04 October, 2017, 03:42

Tesla shares rose just over 1 percent in midday trading in NY. It didn't help that Tesla has gotten yet another poor review from Wall Street.

The brokerage affirmed its "underperform" rating on the stock. That's because Tesla has not yet revealed how it plans to solve these production bottlenecks.

In its 1985 initial year production ramp-up, NUMMI employed 2,470 workers to produce 64,764 vehicles, or 26 vehicles per worker per year. It's the first mass-market electric vehicle that the company has ever released. Given that 30 were delivered in July, that implied a weekly run rate of at least 170 by the end of September-and actually more than that, if production was truly following an S-curve, as per Tesla's guidance.

Firstly, Model 3 production was a complete miss.

Investors are missing the big picture with Tesla by worrying about rounding errors on whether Tesla missed or beat delivery guidance by 1,000 units.

Tesla Model 3
Tesla Model 3 was held back by a “manufacturing bottleneck” in Q3

Tesla delivered 14,065 Model S and 11,865 Model X units. However, it is quite bad to see just 260 Model 3 units being produced, considering how this new vehicle is supposed to be easier to manufacture than previous models. "Although the vast majority of production subsystems in the factory in California and Nevada Gigafactory can operate with higher load, commissioning some of them took longer than expected". While GM has built 130 self-driving Chevrolet Bolt electric vehicles, all Tesla cars produced since October past year have included self-driving technology. While the vehicle was only expected to represent a fraction of Tesla's total revenue in Q3, the automaker expects the lower-priced vehicle's production to soar in the coming quarters. Musk said Tesla's key advantage in building all-electric vehicles was limiting the number of moving parts.

"Most auto launches have hiccups, and Tesla is no exception", Jonas said.

In its quarterly statement, Tesla blamed "production bottlenecks" for the hold-up.

Instead, Tesla indicates that the company is confident in addressing the known bottlenecks. Munster forecast a "breakout year" for the new sedan in 2019. Should TSLA stock be down more? Tesla has skipped numerous incremental steps used by established carmakers when launching new products. The company is known to be working on a downsized SUV, a new Roadster and an electric pickup.

Recommended

  • Israeli PM rejects Palestinian reconciliation 'unless Hamas disarms'

    Israeli PM rejects Palestinian reconciliation 'unless Hamas disarms'

    Hamas's reversal is the most significant step towards Palestinian reconciliation since the unity government was formed in 2014. Hamas last month finally agreed to the PA's return to Gaza, under pressure from the enclave's powerful neighbour Egypt.
    One big question mark hangs over Twins' wild-card lineup

    One big question mark hangs over Twins' wild-card lineup

    The 23-year-old righthander, who made his first All-Star team , allowed no more than one run in an MLB-best 16 of his 31 starts. In his first full Major League Baseball season, Judge is already conditioned in the Yankees' October-or-bust reality.
    No.1 India Hammer Australia With Rohit Sharma Show

    No.1 India Hammer Australia With Rohit Sharma Show

    The forecast is for warm, dry days so the decision at the toss will be surely working in the favor of team who will win the toss . However, Rohit exclaimed how he relished the opportunity to bat alongside his Mumbai batsman Ajinkya Rahane .
  • Alabama will dismantle All Kids health insurance if federal aid not extended

    Alabama will dismantle All Kids health insurance if federal aid not extended

    The outcry has been strong from several areas of the government since the deadline to renew funding passed on Saturday. Disclosure: The Texas Association of Community Health Centers has been a financial supporter of The Texas Tribune .
    Kennedy Is Key to Supreme Court Outcome on Partisan Maps

    Kennedy Is Key to Supreme Court Outcome on Partisan Maps

    The result was that Republicans had a virtual lock on four times as many state legislative and US House seats as Democrats did. They worked in secret to fashion precise, computer-generated maps and won approval on a party-line vote.
    A Familiar, Partisan Response In Congress To Las Vegas Massacre

    A Familiar, Partisan Response In Congress To Las Vegas Massacre

    Senator Kirsten Gillibrand, D-N.Y., says that this violence is a reminder of Congress's failure to stand up to the gun industry. In this case many guns. "Gun deaths have become a part of our national identity - they are a daily occurrence".
  • Equifax to offer free credit freezes for life, new CEO claims

    Equifax to offer free credit freezes for life, new CEO claims

    Equifax says that, after the intrusion, data appeared to have been stolen in May, but the theft wasn't discovered until late July. Smith said he was informed of the breach the next day, and Equifax started taking action in response to the breach on August 2.
    Google to abandon

    Google to abandon "first click free" policy to assist digital publications industry

    From the publishers' perspective, many readers became too comfortable with the belief that online content always should be free. Only when these visitors clicked off of the article would they be shown the the signup form when they click off of the article.
    Giants let another one slip late to Bucs, drop to 0-4

    Giants let another one slip late to Bucs, drop to 0-4

    The one that mattered most though? I was shocked at how poorly the Buccaneers played last week on both sides of the ball. The Buccaneers and the New Orleans Saints have two, while the Atlanta Falcons and Carolina Panthers are 3-1.
  • Bruce Springsteen pays touching tribute to Tom Petty

    Bruce Springsteen pays touching tribute to Tom Petty

    The band released its third album " Damn the Torpedoes " in 1979 which included the breakthrough hit "Refugee". Maybe he soundtracked your little league games, your first time getting high, your freshman year of college.
    Vegas Play of the Day: Washington at Kansas City

    Vegas Play of the Day: Washington at Kansas City

    Washington Redskins travel to Kansas City to take on the Chiefs in Week Four's Monday Night Football action, live on Sky Sports. CB Josh Norman went out of the game with a rib fracture and safety Montae Nicholson is now dealing with an AC joint sprain.
    Harry Kane continues rampant form for Spurs; Palace still goalless

    Harry Kane continues rampant form for Spurs; Palace still goalless

    Talk of Ivan Perisic joining Manchester United has died down following the improved performances of Anthony Martial . Maybe somebody other than Kane in the Spurs squad will embark on a European evening to remember.

Google Pixel 2 and Pixel 2 XL Availability and Pricing Google Pixel 2 and Pixel 2 XL Availability and Pricing The camera costs $249-or about half as much as GoPro's similarly sized new camera-but a ship date has not yet been announced. Both the Pixel 2 and Pixel 2 XL share exactly the same features, save for the higher resolution screen on the Pixel 2 XL .

How to help victims of the Las Vegas mass shooting How to help victims of the Las Vegas mass shooting The arsenal "was pretty well hidden", Titus said . "I know this feeling of heartbreak and horror too well". The first call by police has an officer reporting, "shots fired " and "sounded like an automatic firearm".

Trump says Las Vegas shooter "sick", will discuss gun laws later Trump says Las Vegas shooter When asked about the gunman's motive, Sheriff Joseph Lombardo said he could not "get into the mind of a psychopath at this point". Sisolak also started an online fundraising effort for the victims that by Tuesday had brought in $2.7 million from 38,000 donors.

Myanmar could take back Rohingyas who fled to Bangladesh after violence Myanmar could take back Rohingyas who fled to Bangladesh after violence The clashes between the Buddhist majority and the Rohingya minority have occurred off and on in the past as well. The army, which has been accused of conducting ethnic cleansing, has said it is only targeting militants.

Sony Refreshes PlayStation VR with Small Changes To Design and Processor Unit Sony Refreshes PlayStation VR with Small Changes To Design and Processor Unit These are small quality of life changes as opposed to the total hardware shakeups that some may have been looking forward to. Though the upcoming model only has a few differences over the old one, said tweaks do solve two pretty annoying problems.

San Juan mayor says Trump is 'looking for an excuse' San Juan mayor says Trump is 'looking for an excuse' After visiting the island on Monday he came away thinking that an organized supply chain was the island's most vital need. But the mayor of San Juan, Puerto Rico's capital, hit back at stories about how well the relief efforts are going.

Catalonia referendum 'not legal' - European Union Catalonia referendum 'not legal' - European Union Roughly 5.3 million people were eligible to vote, and most of the region's 948 municipalities agreed to provide voting facilities. The Spanish prime minister, Mariano Rajoy , speaking on Sunday night, thanked the police for acting with "firmness and serenity".

Apple introduces iPhone dongle: now charge and use earphones at same time Apple introduces iPhone dongle: now charge and use earphones at same time AT&T has confirmed that it will be selling the iPhone X, and pre-orders begin on October 27 with availability starting November 3. Thanks Zing Gadget for loaning us the iPhone 8 and iPhone 8 Plus for this hands on! Update: Added pricing details for AT&T .

5 players who earned game balls vs. Ole Miss 5 players who earned game balls vs. Ole Miss Saban, not surprisingly, added that there is still plenty to improve on, citing dropped passes and seven penalties for 60 yards. Obviously, the 5-0 team dominated the Rebels (2-2) on all aspects of play, outgaining Ole Miss in yards, 613-253.

Jets say it's time to start respecting them Jets say it's time to start respecting them After rising from the turf, Ealy chucked the ball into the stands behind the end zone in celebration before running off the field. The Jaguars were without defensive end Lerentee McCray (knee) and wide receiver Jaelen Strong (hamstring) due to injuries.

Trump attacks mayor of Puerto Rico's storm-hit capital city Trump attacks mayor of Puerto Rico's storm-hit capital city The president sent out a series of tweets Saturday criticizing San Juan Mayor Carmen Yulin Cruz . Trump said Friday in a speech to the National Association of Manufacturers.

Alexis Sanchez attitude the key to Arsenal's season? Alexis Sanchez attitude the key to Arsenal's season? A win for Eagles on ten points will effectively seal qualification to Russian Federation 2018 for Nigeria with one game to spare. An outstanding pass from Alexis Sanchez cued Iwobi up for the second goal, snapping a second half lull.

Week Four San Francisco 49ers Keys to Victory Week Four San Francisco 49ers Keys to Victory If they can get even a modicum of production on offense, getting Carson Palmer under pressure will be the key. Both of these teams have struggled to get their opponents offenses off of the field on 3rd down this year.

Cam Newton shuts down interview request after win against Patriots Cam Newton shuts down interview request after win against Patriots Newton had all day to scan the field and then when he couldn't find a receiver he took off and ran when he needed. The Panthers had two turnovers - a Jonathan Stewart fumble inside the Patriots' 10 and a Newton interception.

Minnesota Vikings' injury bug bites RB Dalvin Cook, possibly out for season Minnesota Vikings' injury bug bites RB Dalvin Cook, possibly out for season Detroit then got on the scoreboard first on a 29-yard field goal by Matt Prater for a 3-0 lead with 10:47 to go until halftime. They've forced 11 turnovers this season after having just 14 a year ago, and that's eight more than the Bears have generated.