electrek is not a Tesla fan blog /s
Shit, I keep forgetting that I'm not allowed to have an opinion. Sorry.
So what you say electrek reflects your opinion (=Tesla fan?) and is not objective?
Clearly not objective, but nothing is.
That's not my problem with you calling Electrek "a Tesla fan blog."
My problem with it is that we cover way more than Tesla. Granted, Tesla represents a large part of our content right now, but that's rapidly changing as more EVs get on the road.
I literally wrote hundreds of articles about things other than Tesla on Electrek.
But I just now remembering that I have explained this to you before and therefore, it's not worth trying to convince you.
You have a weird problem with Electrek that makes you bash it for weird reasons all the time. If I had to guess, I'd say jealousy.
Who. The fuck. Cares. That a middle manager left the company. /u/FredTesla, I love your work, but these articles are part of the problem
Middle management? He was the head of service at Tesla. Arguably one of the top 10 execs at the company.
I reported when he was hired, I think it's noteworthy and only fair that I report on him when he leaves.
Tesla is holding its annual shareholder meeting today at the Computer History Museum in Mountain View.
It's starting at 2:30 pm PT and it will be livestreamed on Tesla's website here: https://www.tesla.com/shareholdermeeting?redirect=no
The meeting generally starts with the official items on the agenda, which this year include:
- To elect the three Class II directors to serve for a term of three years or until their respective successors are duly elected and qualified. *
- To ratify the appointment of PricewaterhouseCoopers LLP as Tesla’s independent registered public accounting firm for the fiscal year ending December 31, 2018. *
- To consider and vote upon a stockholder proposal to require that the Chair of the Board of Directors be an independent director. *
- To consider and vote upon a stockholder proposal regarding proxy access
After that, Elon Musk generally gives a short presentation about the state of the company followed by a Q&A session.
Please keep all post and comments related to the shareholder meeting in this thread.
Have fun!
Welcome to a payless, thankless job where you get called an asshole for no reason. It's a ton of fun. You'll see. Cheers!
Asshole
you are banned.
/u/FredTesla you write about lots of BS like off-road tires for the MX but you never write about things that actually matter. You should cover topics like this.
Would you stop with this shit. You always send me nonsense comments like that. BS? How is that BS? It's actually verifiable information that people want to know and therefore, it's worth sharing.
And it has nothing to do with this. You won't get me to report on something by trying to shame me with content YOU don't like.
"you never write about things that actually matter"
Really man? I wrote over 4,000 articles over the last 3 years and it's all bullshit? None of it matter?
I can't take you seriously.
But as for OP's issue, it's unfortunate that it happened to him, but it's doesn't make for good content. It's extremely hard to verify. Every time I tried to verify something like that, the owner can't provide proof and Tesla always comes back with better contradicting data.
If OP can prove it, please do. I'd take a look. But it generally always comes down to one side or the other claiming a communication issue.
But again, stop trying to bait me into covering stuff Teslike or I'll just block you at this point.
So are you the one who pays mvea to submit your articles, or is it the company you write for?
Look at his post history, mvea is a prolific redditor who post a ton of interesting tech and science related articles from a MULTITUDE of different websites.
We have no affiliation with him whatsoever but we do appreciate that he reads and share our content.
I have, which is why I made the comment. Anyone believing that mvea is only one person and doesn’t post for profit (at least to some extent) is kind of funny.
I think you are making assumptions without any kind of evidence whatsoever.
I don't know about the other sites, but I know for a fact that Electrek never gave him money, which leads me to believe that he is not being paid by the other sites too.
Also, they would have basically no reason to pay him because reddit is just not great for article traffic.
I had my posts featured on several important subs today and here are the site referrals on Electrek:
https://i.imgur.com/n8kcwo2.jpeg
As you can see, it's a very small fraction of the traffic from site referrals and again, my work was featured on several subs today.
It would make no sense to pay for this kind of impact.
I would recommend that you be more careful before making those kinds of accusations in the future.
This guy is ultra shady. This is not "breaking news" nor from a reliable media source. The actual source link talks of "rumors of talks" which is the lowest form of rumors really.
I contacted that guy over the last few tweets he sent out about the Model 3. He has been reporting again as "breaking news" what clearly appears to be a scam for Model 3 deposits.
After informing him, he wasnt really impress and instead of correcting it he said just that he won't do it next time.
The two analysts that Musk cut off were Toni Sacconaghi from Bernstein and Joseph Spak from RBC Capital.
Sacconaghi is one of the top-ranked analysts on Tipranks and while he indeed never recommended Tesla’s stock, he has a ‘hold’ rating on it with a $265 price target. With this said, Sacconaghi did publish a note to clients a month ago claiming that the Model 3 order take rate was low among Tesla owners, which was misleading since it’s based on only one configuration currently available.
As for Spak, he is also ranked high on Tipranks and he also has a ‘hold’ rating on Tesla’s stock – with a price target of $305.
While neither analysts can be considered a ‘Tesla bull’, they haven’t really been contributing much to the short seller thesis on Tesla.
Interestingly, Spak's question that was cut off sounded like a clarification on Sacconaghi's previously mentioned note, which again was stupid.
I think Musk is misinformed about those guys' intentions. But with this said, I do also think that the questions were quite useless.
the Model 3 order take rate was low among Tesla owners, which was misleading since it’s based on only one configuration currently available.
It isn't misleading at all. He is stating the take rate of what Tesla currently sells. At the point the SR comes out, he will make statements about that take rate vs. others in order to build a financial model
I'm saying that the note was misleading because it didn't mention that. It just said that the current take rate lead to believe that current Tesla owners who reserved the Model 3 weren't actually interested.
Yes, I have met Nikola's CEO. I'm actively working with their engineers to sell product into their trucks. You're going to have to cite your claim that Tesla had a working prototype long before Nikola.
My point in identifying your prior litigation history is to reveal your deep undying love for all things Tesla. One needs only look at your post and comment history here on Reddit to affirm that. For more evidence, they need only look at your "articles" on Electrek. We get it, you'd suck Elon's dick if given the chance. There's no question that your posts and articles are incredibly biased towards Tesla, largely devoid of facts that would appear to judge Tesla fairly. That is why you wrote that title in the way that you did.
Haha. I knew it.
I'm the one who is biased? Don't you think you should have disclosed that you work with Nikola when you made that first comment?
If you work for Nikola, you know welll that their prototype wasn't driving until a few monhts back when they first released footage of it moving. That was after Tesla Semi prototypes were seen driving around.
As for the headline, Tesla is clearly the competition to beat when it comes to ELECTRIC trucks. Nikola has a now pipe dream of an hydrogen trucking industry. But that's all it is.
As for the "suit for defamation", which actually wasn't a suit for defamation but an injunction, I don't see how it reveals my "deep undying love for all things Tesla." If anything, it revealed my deep and undying hate for fraud.
Now
We get it, you'd suck Elon's dick if given the chance.
You kiss your mother with this mouth? No need for that kind of language.
mods. This user is being insulting and aggressive in several comments. Is this acceptable in this sub?
/u/Ilovedonutss
/u/scottg96
/u/BotBust
/u/raptorman556
/u/ThePhilSProject
/u/chadius333
/u/Lil_SpazJoekp
/u/hunmac9
/u/abe699
/u/NerdFerby
No, I also work heavily with Tesla as well. Haven't met Lord Musk yet, but maybe in the future. We aim to sell to all electric vehicle manufacturers and have no dogs in the fight over who wins out.
Boo hoo, poor little Frederic Lambert, who knew you were such a snowflake?
Well. I am sure your employer is going to love to know how you talk up your company online.
Real professional.
Talk about a clickbait title. While I agree that the suit is frivolous, calling it a "patent troll case" is way overboard.
First of all there are no "patent troll cases", there are only patent trolls which are companies that exists only to hold IP and abuse the legal system to make money. Such companies do not generate the patents they own nor do they participate in any way in exploiting those patents other than through licensing and litigation. I don't think this applies to Nikola at all considering they're actually producing the products they own the patents on.
Unfortunately this is par for the course from Electrek. I wish this sub would just ban links from that site completely.
Patent trolling - the practice of obtaining and using patents for licensing or litigation purposes, rather than in the production of one's own goods or services.
Nikola Motors didn't need those design patents to produce their vehicle. They cover vague designs that have been around in the past.
They are instead using those patents for "litigation purpose".
You can hate on Electrek all you want, but calling this a patent troll case is perfectly accurate.
I was about to pull the trigger, but it's asking me for almost $200 in shipping. It sounds excessive.
EDIT: Website is now offering free shipping, both domestic and international
Cool thanks. I saw that there's a coinbase option payment. I have a few bitcoins lying around which helped me pull the trigger.
Please let me know if you ever get the OK to produce one of Elon. I'll check it out and maybe make a set of it with the Tesla one. We'll seee.
Is that the one in Kauai?
Tesla (TSLA) is set to release its first quarter 2018 financial results today, May 2 after market close. As usual, the release of the results will be followed by a conference call and Q&A with Tesla’s management at 2:30pm Pacific Time (5:30pm Eastern Time).
I will add the shareholders letter here as soon as it becomes available, which should be a few minutes after market close.
Please keep the posts related to the earnings in this thread
Deliveries
As usual, Tesla’s deliveries drive most of its earning results since vehicle sales represent the automaker’s main revenue stream at the moment.
Tesla already confirmed its first quarter 2018 deliveries: 29,980 vehicles – a new record for the company thanks to the Model 3 production ramp starting to produce decent numbers.
They ended up delivering 11,730 Model S vehicles, 10,070 Model X vehicles, and 8,180 Model 3 vehicles.
Those numbers are adjusted slightly during the release of the earnings.
Additionally, 4,060 Model S and X vehicles and 2,040 Model 3 vehicles were in transit to customers at the end of the quarter, according to the company.
Here are Tesla quarterly global deliveries of all current vehicles in production since their launches:
https://i.imgur.com/B4zIyXi.jpeg
Revenue
Wall Street’s revenue consensus is $3.142 billion for the quarter and Estimize, the financial estimate crowdsourcing website, predicts almost the same result: $3.233 billion in revenue.
They predict a slight drop from the $3.288 billion that Tesla brought in during the previous quarter, but it’s a significant increase over the $2.696 billion that they brought over the same period last year (Q1 2017).
The predictions for Tesla’s revenue over the past 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green:
https://i.imgur.com/A74EOvz.jpeg
Even though Tesla delivered slightly more vehicles this quarter than ever before – including more than during the last quarter, which was a record quarter for revenue for Tesla, revenue are expected to be down because Model S and Model X deliveries are down and the record deliveries was due to Model 3, which is less expensive.
Tesla’s energy division could still surprise and make a difference, but it remains to be seen.
Earnings
Earnings per share, or rather loss per share, is expected to plunge again for the quarter.
Like for revenue, the expectations are again close for both the street and retail investors. The Wall Street consensus is a loss of $3.26 per share for the quarter, while Estimize’s prediction is a loss $3.19 per share.
Earnings per share over the last 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green:
https://i.imgur.com/6O0vBvI.jpeg
Tesla has invested for the production of 5,000 Model 3s per week and every time it doesn’t reach that, it is going to take a hard hit for the earnings.
The situation improved a lot over the last quarter, but the company is still behind its goal and therefore, the prediction is still of a significant loss for the first quarter 2018.
Other expectations for the shareholders letter and analyst call
Obviously, we expect that a fair amount of the conference call and shareholders letter to revolve around Model 3 production and how it has evolved recently.
But we already got a pretty good update from when we obtain an email from Elon Musk to employees two weeks ago.
With this said, investors and Model 3 reservation holders would certainly appreciate another update – especially about the results of the production line update that happened during the production shutdown.
Tesla did upgrades with the goal to end the second quarter at 5,000 Model 3 vehicles per week and that goal will likely be an important part of the earnings and conference call.
It is linked with the Model 3 vehicle program becoming profitable and Musk now says that he expects Tesla to be profitable in Q3 and Q4.
Those expectations are directly linked to Tesla achieving the Model 3 production goals and therefore, investors will be looking at some reassurance that Tesla can achieve the production rate.
A few other interesting points that I expect Tesla will address include, plans for production in China now that the door appears to be open, timing on Model Y since news came out that Tesla was aiming for a start of production in November 2019, and even though the company and Musk directly addressed it a few times recently, I expect analysts will want more details about Tesla’s plan not to raise capital this year.
As for Tesla Energy news, I expect that solar deployment will still be slow, but it should be an interesting quarter on the energy storage front. I wouldn’t be surprised if it ends up being a record quarter.
The author's concept of a "better way" is for Tesla "to offer to give back the money from the Enhanced Autopilot and Fully Self-Driving packages to unsatisfied customers". Didn't Tesla have that option when the first complaints came out a year ago? Don't they have that option now?
His argument seems to be based on his faith that Tesla was not* "actually actively trying to defraud people". But active malice isn't the only reason to sue (gross negligence, for example, also counts), and again, nothing is stopping Tesla from actively offering refunds, but it won't. Judging by how he ends his writeup, the author seems to want to just bash on lawyers ("It’s being negotiated through lawyers, who will always come out on top no matter what").
edit: forgot the word not
I'm not bashing on lawyers. It's a fact that that class action lawyers are the ones coming out on top here. $4m split between thousands of owners and $1 million to a handful of lawyers. That's often the case with class action lawsuits.
Also, my argument is based on Tesla NOT trying to defraud anyone. Not the other way around.
As for Tesla still having the option to do it, yeah they do. That's why I made this public and put the suggestion out there.
I would have preferred for Tesla to offer to give back the money from the Enhanced Autopilot and Fully Self-Driving packages to unsatisfied customers and offer them the options to buy back the packages over-the-air without the additional $1,000 fee that Tesla charges for not buying it at the purchase of the vehicle whenever they feel like the features have improved enough to be worth it.
At the end of the whole ordeal, it probably wouldn’t have cost them much more than this $5 million settlement and in this case, the lawyers are getting away with about $1 million of that amount.
I don't agree with this author's speculation. The number of full-self driving customers may be as high as 35,000. If Tesla offered a full $3,000 refund for just full-self driving (not the base autopilot package). It would just take 5 percent of that customer base to want a refund to exceed a $5,000,000 payout. There's no telling how many customers would jump at a chance to get $3,000 back if no hard deadline has been set for FSD to roll-out.
I meant that once the feature is delivered they end up not losing much more. They just don't get to hold on to that money in the meantime.
I'm a bit bummed out by this, I really thought he'd bring a very efficient, low power chip to enable better EAP/FSD.
Maybe he still will...
That's a repost then. Why are you posting?
Strange that The Guardian says that Tesla has another side to the story, but they don't explain what it is: https://electrek.co/2017/03/27/tesla-employee-lawsuit-race-discrimination-and-sexual-harassment/
Pretty sure that could be referring to the concealed HVAC system, which is a new thing introduced with the Model 3.
/u/FredTesla had an article on that a while back when the pattern for it was revealed.
I think he meant new for Tesla and there's plenty of new tech for Tesla in the Model 3. HVAC is one, but the battery pack architecture is new, new motor tech, etc.
No, the main picture with the aero caps on the ground. Not my VIN
Weird and just this pictures not the others?
I see a Model S picture in there for some reason too.
He said he's just going to keep driving his model S around so I think he was just trying to prove that he owns one.
Doesn't really make sense nor explains why he used a picture of another car that is not his.
Please clarify that this is only an estimation since we don't know how many S and X Tesla delivered in the US
What do you except when electrek.co which is basically the biggest Tesla fan site keeps pushing stuff like that?
WTF electrek has to do with this now? And how the hell this is being upvoted.
I actually downvoted that post yet I'm being accused of "pushing it". I'm giving up on this place.
And? this article has nothing to do with what makes this post stupid.
The article just shows that Porsche actually did use Tesla as a benchmark, which is true.
That post is stupid because the comparison with the Roadster is stupid.
There's no such thing in this article.
Edit: my bad, I just realized Im talking with Viking, who is a nonsensical Electrek basher. I really should start reading username before responding. Glad you are still so jealous of me Viking. cheers
Musk is already chairman. removing this post.
Hey, why was this post removed? Mid-2018 AWD update change is not a repost.
Tesla changed the AWD to "mid 2018" two months ago and it was reported here so yes, it is a repost.
Rule #2 - post removed.
Tesla (TSLA) is set to release its fourth quarter 2017 financial results today, February 7 after market close. As usual, the release of the results will be followed by a conference call and Q&A with Tesla’s management at 2:30pm Pacific Time (5:30pm Eastern Time).
I will add the shareholders letter here as soon as it becomes available, which should be a few minutes after market close.
Please keep the posts related to the earnings in this thread
Deliveries
As usual, Tesla’s deliveries drive most of its earning results since vehicle sales represent the automaker’s main revenue stream at the moment.
Tesla already confirmed its fourth quarter 2017 deliveries: 29,870 vehicles – a new record for the company.
They ended up delivering 15,200 Model S vehicles, 13,120 Model X vehicles, and 1,550 Model 3 vehicles.
Those numbers are adjusted slightly during the earnings.
Additionally, 2,520 Model S and X vehicles and 860 Model 3 vehicles were in transit to customers at the end of the quarter, according to the company.
Here are Tesla quarterly global deliveries of all current vehicles in production since their launches: https://i.imgur.com/Y6PdSQt.jpeg
Revenue
Wall Street’s revenue consensus is $3.299 billion for the quarter and Estimize, the financial estimate crowdsourcing website, predicts almost the same result: $3.302 billion in revenue.
It would be a record quarter for revenue if those estimates are accurate.
The record delivery numbers for Model S, Model X, and Model 3 resulted in this increase on the results quarter-to-quarter from Tesla’s actual revenue of $2.985 billion during the last quarter, which was also a record.
The predictions for Tesla’s revenue over the past 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green: https://i.imgur.com/gzP1Mqk.jpeg
Earnings
Earnings per share, or rather loss per share, is expected to plunge again for the quarter.
Like for revenue, the expectations are again close for both the street and retail investors. The Wall Street consensus is a loss of $3.19 per share for the quarter, while Estimize’s prediction is a loss $3.11 per share.
Earnings per share over the last 2 years – Estimize predictions in blue – Wall Street consensus in grey – Actual results in green: https://i.imgur.com/Fa2Wwfc.jpeg
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