Tesla Model 3 - Make or Break ??

musk need not make the comparison to an M3.
2 completely different target buyers.

 

I really want this car to work. I'm a bit of a tesla fan boy. But so far, it seems to be a failure. It seems it was rushed to production to meet shareholder deadlines. I really hope they can turn this around.

 

self serving drivel from the parasites of society who have never created a damn thing.

 

Then maybe the rest of the OEM's could curtail their quests to release competitive EV's ...?

 

my comment was directed at the media and journalists. not you.

i thought that was clear enough, but if not, now it is.

dont let your hate for musk consume you.

 

i dont really care.
my comment was directed at the subject at hand in that section of this thread - the media.

if you would like to consider it a personal attack, that is your prerogative, but thats not what it was.

what you think will happen to tesla is as worthless as what i think.

let me know when you make your first billion tho so we can celebrate.

 

I was almost about to put a deposit down last year. I can't wait any longer for it to come to the UK so I'll go with something conventional.

 

Tesla pushes full international Model 3 launch to 2019

It's getting a grip on North American deliveries first.

Just because Tesla is delivering some Model 3 units outside the US doesn't mean it's ready for a full-scale international rollout. Elon Musk has revealed that launches for left-hand drive Model 3 variants in Asia and Europe are now expected in the first half of 2019, or months later than the the second half of 2018 target it mentioned when production began last July. And if you live in the UK or other countries where right-hand drive is the norm, you may have to wait longer -- your Model 3 is "probably" arriving in the middle of 2019, Musk said.

You may have seen this coming. Tesla has spent months overcoming production challenges, and it's only just getting to the point where its original end-of-2017 production goal (5,000 per week) is in sight. It likely wants to fulfill more of the backlog in its home market before venturing too far abroad. Electrek also suggested that Tesla is optimizing its production strategy to maximize the $7,500 federal tax credit in the US -- it likely wants to hit that magic 200,000-car threshold (where the tax break starts to phase out) before the year is over, and that means focusing second quarter production on the US rather than courting international buyers.

The upshot: whenever a large-scale international launch takes place, Tesla will likely have the production capacity needed to deliver cars quickly, including performance variants and the fabled $35,000 'entry' Model 3. Virtually all Model 3s shipped to date have hewed to a single configuration, and it wouldn't be very fun to both wait longer than many customers and be forced to take a car that's not quite to your liking.



https://www.engadget.com/2018/05/28/tesla-model-3-international-launch-moved-to-2019/

 

Hey NEP, you claimed to simply be reporting the news to us with your daily drip of negative stories about tesla.....whereas today consumer reports whole heartedly endorsed the model 3 after the remote fix of the brakes yielded very good results, and you said nothing. No links. No story.

Basically confirming that you either just hate musk, or you are short the stock, or both.
Kind of pathetic either way.


Sent from my iPad using FerrariChat

 

Good news for you.

TSLA up 2.81% closing at US $291.72

 

First 300 model 3's delivered to Canada. https://www.ctvnews.ca/autos/canada-s-first-big-delivery-of-tesla-s-model-3-like-christmas-morning-for-some-owners-1.3953166

 

Tesla investors to consider ousting 3 directors and removing Musk from chairman job

June 03, 2018


SAN FRANCISCO – With Tesla in trouble, some investors think it's time to shake up the board of directors.

Shareholders will vote Tuesday whether to dump three directors and replace Elon Musk as board chairman.

Few, if any, expect the votes to pass. In past years, shareholders have overwhelmingly supported the company against activists. And Musk owns 21.9 percent of Tesla voting shares.

But some advocates – concerned about a lack of independent voices on the board – expect the number of "dump" votes will be big enough to force Musk and Tesla to pay more attention to investor concerns.

"I don't know if anyone will be voted out of office," said Kern McPherson, senior director of North American research at corporate governance advisory group Glass Lewis. "But I think there's a very good chance that Tesla will have to respond to elevated 'vote against' levels."

Glass Lewis is advising shareholders to vote no for three Tesla board members up for reelection: 21st Century Fox CEO James Murdoch; venture capitalist Antonio Gracias; and Musk's younger brother, Kimbal.

Glass Lewis also supports a nonbinding resolution to appoint an independent board chairman to replace Musk, with Musk keeping his job as CEO.

Tesla declined to comment or make board members available. Company comments can be found in the proxy statement covering the issue.

The campaign to reform the board was spearheaded by CtW Investment Group, a specialist in managing union-sponsored pension funds. In a written argument to shareholders, CtW said Tesla's "strategic and operational challenges" and "deteriorating financial performance" warrant a major change on the board of directors, and the board has been "unduly deferential" toward Musk.

The company's financial position "has deteriorated along every dimension," CtW said. The company has posted only two profitable quarters in its 14-year history, and losses have increased lately.

Model 3 production problems are the prime cause of Tesla's financial distress. Musk
himself regards the all-electric sedan, which went on sale in July 2017, as crucial to the company's success.

Musk had forecast an annual production level of about 400,000 Model 3s by now, but Tesla is struggling to achieve a quarter of that. Capital spending was set to support 400,000 cars, but revenues have fallen far short of projections, so the company's cash-burn rate is rising with no earnings available for replenishment.

Musk promises profits in the year's second half,
and he rejects the notion that Tesla will need to raise new equity or debt in 2018. Tesla has said in government filings that the board is focused on the company's "long-term" performance.

The concerns raised by CtW and shareholder advisors boil down to two main issues: whether the board's independent directors are truly independent, and whether Murdoch and Chief Executive Musk are so busy with other matters that they can't devote sufficient time and energy to Tesla at a crucial stage in the company's history.

"It is important that the board of directors take steps to ensure that management remains focused on resolving the manufacturing challenges, and that the CEO and other executives do not get distracted by outside business interests or Twitter fights," said shareholder adviser Institutional Shareholder Services in a report to clients.

Institutional Shareholder Services opposes re-election of Murdoch and Gracias but supports Kimbal Musk. The firm recommends a yes vote on removing Elon Musk as chairman. That proposal was put forth by shareholder activist Jing Zhao, who said: "I believe a big company cannot depend totally and so heavily on one person."


http://www.miamiherald.com/news/nation-world/national/article212445664.html

 

schadenfreude must be a terminal disease in your case.

 

A lot of those people are just switching to an S/X instead.

 

Not true, at least as of December they would not switch the deposit, just refund it if you bought an S instead.

 

Well.....

I sold my S.

After 5 years and 71,000 miles my S is gone.

Thanks Kalifornia.

They expired the white car pool stickers end of this year and introduced a new red one.
Of course, that one is only eligible for new hybrid/electric cars.

I thought about getting another Tesla but after spec’ing the car I realized that the S is NOT $48,000 “better” than comparable sticker eligible Sedans.

So I got a Volvo S90 T8 Inscription with EVERY option instead.
Was going to get the BMW 530e but I like the more spacious rear seats and massaging seats...

Luxury wise the Volvo is way nicer. I think now that other cars are eligible for car pool stickers in CA Tesla will have more trouble in their hands.

I was an early adopter and just can’t justify the $40-50k premium.

Oh well, my wife still has the X... but will be gone by December and replaced a Mercedes GLCe...



Kai