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prensaestatal.com Diciembre 18, 2017


Tesla burns through record cash to bring the Model 3 to market

12 Agosto 2017, 01:55 | Dolorita Barahona

Bartosiak: Trading Tesla's (TSLA) Earnings with Options

Tesla Model 3

The company fared better than analyst predictions.

Tesla stock rose to $350 per share after closing at $325.89. Tesla shares were up more than 7 percent in extended trading. However, now that Tesla has begun deliveries of their new Model 3 line, some are concerned the company won't be able to meet the overwhelming demand for the electric vehicle (EV).

"What we have ahead of us, of course, is an incredibly hard production ramp", Musk said. Early versions start at $44,000, with a base model coming later this year for $35,000.

As it stands now, Tesla is hoping to release the Model Y by 2020. The product, which comes with a lifetime of the house warranty and 30-year power generation guaranteed, is touted to cost less than a conventional roof after electricity production or pay for itself through electricity savings. Combined non-GAAP gross margin for Model S and Model X in the third quarter will decline slightly from the second quarter total of 25%, driven primarily by mix shift. The company blamed a shortage of 100 kilowatt hour battery packs. However it predicted Infineon would end up being a second source of such chips as volumes increase next year.

Although sales are rising, the per-car profit is not almost substantial enough to cover the company's high investment costs. The company also must master increased customer service demands, including customer support and charging and fix network, he said.

The workers cited 2015 data from the Bureau of Labor Statistics and said Tesla's injury rate in 2015 was higher than that of "sawmills and slaughter houses". On Wednesday, Musk said there's always a risk of machines breaking down or suppliers not coming through, but he doesn't expect significant changes to that plan. Tesla said 518,000 people have put down $1,000 deposits for the auto since March 2016, but he didn't seem concerned that 63,000 of those customers have pulled out. Tesla says the solar tile will be cheaper than traditional shingles - the roofing most used in the United States - with solar panels on top.

"The ideal service is invisible", Musk said. Musk told ARS Technica that Tesla is booking about 1,800 Model 3 reservations per day, despite customers having to wait at least 18 months for delivery.

Now, according to an earnings call with Elon Musk, Tesla went down from about 520,000 pre-orders to only 455,000.



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