Last quote about Tesla
All quotes about Tesla
Even though we reduced part wait times, we continued to dig into the body shop complaints. What we found was astounding – cars sat at body shops for weeks and sometimes months before the body shops took action and, more often than not, the body shops blaming Tesla for parts delays were the very shops that hadn't even ordered parts or started the repair. We are applying brute force to this immediately.
We have been talking with a number of large-scale battery providers about potential storage solutions, including in South Australia. To the extent Tesla is interested, we'll also talk with them.
You're on mate. Give me 7 days to try sort out politics & funding.
You have a lot of car companies trying to design cars to be better suited to automation, which means they're more attractive to hackers.
I would love it if Tesla trades down below $200.
Given that GM is selling its money-losing Opel division, I couldn't agree with Moreno more.
We are not competing with Tesla because they are not going to sell batteries, but we do share a very strong vision which is that it is hugely important to accelerate our society away from its addiction to fossil fuels.
I am very optimistic that we can attract both industrial investors as well as institutional investors. We hope to close the major investment in just over a year, but we have already begun talking to companies and institutions that could be leading players in the process.
We are not going to fill the plant only with automotive. Not because we don't think it is possible, but we don't think it is a good idea to depend heavily on one vertical, and only one.
So for full adoption of EVs in the future, some consumers will need to rely on these networks.
Thank you for the lovely letter. That sounds like a great idea. We'll do it!
Until somebody stands up, nothing is going to change. I'm an advocate of Tesla. I really do believe they are doing great things. That said, I can't turn a blind eye if there's something fundamentally wrong going on.
We expect to see pressure on shares as we progress through the year, as cash burn intensifies and the ramp of Model 3 volumes proves to be slower and flatter than assumed in guidance/consensus.
The stock would have been up today if it weren't for these comments. Musk is prepping you for a secondary though, and it sounds like the street will be very ready after that last home run off an offering. In true Elon Musk style, he didn't exactly put to bed the notion of merging Tesla and SpaceX. Given Musk's legion of fans, they would probably cheer if he combined cars and rockets, too.
We're about to find out where this invested capital is going.
This is an incentive-driven story, and we have to look five, 10 years out. But at some point you have to come back to reality. Are you generating real returns on capital? The real story is about whether they will get the Model 3 out on time and what the leverage is.
According to our financial plan, no capital needs to be raised for the Model 3 but we get very close to the edge. We're considering a number of options but I think it probably makes sense to raise capital to reduce risk.
I think it makes sense to raise capital to reduce risk.
That growth story's over before the massive luxury electric competition arrives, which happens in like 12 to 18 months. Tesla is spending about $80,000 to build each car now. There is no way in the world it will be able to build and sell a Model 3 that starts at $35,000 without losing a ton of money on it.
The vertical integration here is what GM and Ford were 100 years ago and why they worked 100 years ago. It's why the Model S is the Apple iPhone to everybody else's competitive dynamic here on the electric vehicle front.
I would think one thing a lot of people of might largely ignore is the leap it takes – and it is a big leap, across a gorge really – to go from being a specialty manufacturer of high end electrics to being a high volume seller. You have a lot of spinning plates. Actually building the car is not the most difficult of tricks you have to pull off.
We also understand manufacturing a lot better than we did in the past. There are really only disadvantages for someone to want the UAW.
The recent run-up in Tesla stock has less to do, in our view, with anything around the near-term financials, and more to do with the nearly superhero status of Elon Musk.
[Options prices have] gotten cheaper interestingly, and that's just because the stock hasn't done much on earnings lately. If you were to try to reach and press a bullish bet, wouldn't it make more sense to use the options and spend $2, $3 than reach out for the stock and pay $280?
But there are many people whose jobs are to drive. In fact I think it might be the single largest employer of people – driving in various forms. So we need to figure out new roles for what do those people do, but it will be very disruptive and very quick.
I'm willing to bet that these companies building new plants ... this will lead to fewer people being employed. People aren't going to have jobs. How does [Trump] deal with displaced workers?
If a human worker does $50,000 of work in a factory, that income is taxed.
It's uncharacteristic of Elon to attack his employees without knowing the facts.
We struggle to understand the run-up, particular as Q4 deliveries missed, though positive spin on the Musk-Trump relationship, reconfirmed Model 3 launch timing, and expectations of new reveals (including more autonomous features) are likely factors. We remain cautious with expected accelerated cash burn ahead of the Model 3 launch … [and] negative earnings revisions with the inclusion of SCTY.
Forty percent of the electricity in the United states is used by single-family houses. If you put a [Tesla] car in the garage, that car uses 30 percent of the electricity of the house. In order to sell the [electric] cars you have to ... have an increase in power.
Over time I think we will probably see a closer merger of biological intelligence and digital intelligence. It's mostly about the bandwidth, the speed of the connection between your brain and the digital version of yourself, particularly output. It's mostly about the bandwidth, the speed of the connection between your brain and the digital version of yourself, particularly output. Some high bandwidth interface to the brain will be something that helps achieve a symbiosis between human and machine intelligence and maybe solves the control problem and the usefulness problem.
Tell me the story of your life and the decisions that you made along the way and why you made them and also tell me about some of the most difficult problems you worked on and how you solved them. People that really solved the problem, they know exactly how they solved it they know the little details.
A lot of workers believe we have a right for union representation and a right to represent ourselves and our own interest. We don't believe the company is doing that for us. A lot of people have been ... shaking my hand, congratulating me. Glad that someone spoke up. Tesla workers are fed up.
Employees "spend more time at work than at home.
Our understanding is that this guy was paid by the UAW to join Tesla and agitate for a union. He doesn't really work for us, he works for the UAW. Tesla is the last car company left in California, because costs are so high. The UAW killed NUMMI and abandoned the workers at our Fremont plant in 2010. They have no leg to stand on. Total compensation is higher for a given level of seniority when factoring in stock grants.
"Our understanding is that this guy was paid by the UAW to join Tesla and agitate for a union. He doesn't really work for us, he works for the UAW,". "Frankly, I find this attack to be morally outrageous. Tesla is the last car company left in California, because costs are so high. The UAW killed NUMMI and abandoned the workers at our Fremont plant in 2010. They have no leg to stand on,".
Many of us have been talking about unionizing, and have reached out to the United Auto Workers for support... But at the same time, management actions are feeding workers' fears about speaking out. Recently, every worker was required to sign a confidentiality policy that threatens consequences if we exercise our right to speak out about wages and working conditions.
Our understanding is that this guy was paid by the UAW to join Tesla and agitate for a union. He doesn't really work for us, he works for the UAW. Frankly, I find this attack to be morally outrageous. Tesla is the last car company left in California, because costs are so high.
We are buyers ahead of Q4 results. We expect updates on the Model 3 and Gigafactory production ramps on the call, which we believe will drive shares higher. We expect less focus on the SCTY acquisition, although there may be short-term noise as expectations are calibrated. We believe the Q4 report is another de-risking event, and recommend investors own shares.
"We must ensure the public is protected in the event of an incident and this week we are introducing the framework to allow insurance for these new technologies,"
We assume 0 Model 3 deliveries in '17.
Hoping for summer this year.
Many in America don't realize how proud they should be of the legal system. Not perfect, but nowhere is the cause of justice better served. At my request, the agenda for yesterday's White House meeting went from not mentioning the travel ban to having it be first and foremost. In addition, I again raised climate. I believe this is doing good, so will remain on council & keep at it. Doing otherwise would be wrong.
This four-fold improvement reflects the significant work we've been doing to make our software and hardware more capable and mature. And because we're creating a self-driving car that can take you from door to door, almost all our time has been spent on complex urban or suburban streets. This has given us valuable experience sharing the road safely with pedestrians and cyclists, and practicing advanced maneuvers such as making unprotected left turns and traversing multi-lane intersections.
We expect that the BMW engineers are working on improving the rear crash protection of the seats and look forward to testing those when they're available.
This is just more evidence of the gulf between Waymo and all other companies in terms of testing and execution of self-driving systems.
Amortizing this capital cost over 20 years and adding daily operational costs gives a total of $20 USD plus operating costs per one-way ticket on the passenger Hyperloop.
This may sound surprising coming from me, but I agree (that) Rex Tillerson has the potential to be an excellent Sec of State.
You don't have to be anti-electric to be pro-fossil fuel.
To the extent the new administration prioritizes the creation of valuable, innovative high tech and manufacturing jobs, Tesla stands at the epicenter of that. That Trump would be relying on Musk as an adviser has come as quite a surprise to many people. I don't know what kind of multiplier you put on that, but it's a significant boost to the economy.
I want to believe that Trump won't kill solar. But there's still a lot of uncertainty. The big question: Will he take away the tax credits?
The jobs data is a compelling argument in favor of the tax credits.
Options activity [Tuesday] was very short dated.
That's lunacy. I am waiting for Netflix to get to 200 million viewers … If they can get to 200 million, then the stock is a bargain even up here at $138.
Both Netflix and Tesla, like Amazon, require you to think outside the box of traditional fundamental analysis in order to accurately value their stocks.
We are very concerned that drivers operating these vehicles have a good understanding of the capabilities and limitations of these vehicles.
We learned a lot from this investigation.
The market is moving Tesla's way on EVs.
We are deeply interested in Tesla's self-driving system. We are hoping to expand our collaboration by jointly developing devices for that, such as sensors.
Either one reflects well on Tesla.
This stock deserves to be much higher, but the current management doesn't know how to unlock value. A lot of value was locked unfortunately by David Crane, the previous CEO who had a grand vision – not unlike [Tesla CEO Elon] Musk – had a grand vision for solar. But solar turned out to be not that great for any of these guys.
I only considered BYD and BAIC. I definitely can't afford the 300,000-600,000 yuan price of a luxury-style Tesla or prDenza.
Burning money as a result of the market and technology not being ready is unlikely to be rewarded by shareholders.
Tesla doesn't really have anyone to answer to, they are independent. (But) I think that further out the big (automakers) are in a better position to capitalize because of their more extensive resources.
Development is underway on these chargers so there isn't a leader at this point.
From Brexit to Trump's election, polling models and analysts were frequently surprised in 2016 by political events that had seemed remote. We define a commodity 'black swan' as an extreme event or dynamic that market participants, including ourselves, are not currently pricing in. We assess several black swan threats to the supply, demand and transit of commodities that could potentially move markets in 2017.
I don't really know what they could release other than a fully autonomous car with 500-mile range. I think if they can show that they can manufacture a vehicle that's on par with Tesla at less than $100,000, then that would be enough. I don't know that it's possible.
We believe TSLA's energy storage business and growth opportunity is not currently reflected in share prices. We believe TSLA battery sales are accelerating, and we should see additional benefits from the battery production ramp coinciding with the launch of the Model 3. We are highlighting TSLA as our best pick for 2017.
But then the car already was almost stopped. The car was quicker than I was.
I feel pretty safe knowing that the car stopped for us. He's part of the reason that our car stopped, so…. Well not part of the reason – he's the reason.
The rule is meaningless. We have kept telling the government they should remove it.
We could even get 600 million euros if we give it in concession for a longer period.
Ironically, if all incentives and subsidies were removed for Tesla, Tesla's competitive position would increase, not decrease. We do believe there should be government incentives for electric vehicles, but we believe they should be there for the good of the industry and to accelerate the advent of sustainable transport – not because Tesla needs them.
I'd be happy to talk to Trump.
I don't think people are choosing electric cars only because of subsidies.
The brief answer is that we don't know what will occur with a Trump administration and electric vehicles.
It reinforces to any policymaker or regulator that when you're making the rules, consider that the voters voted for competition and energy choice.
It's basically a supercomputer in a car.
Look at the many other industries that have been attacked and have changed dramatically. Our industry is next. It's on the hit list. But we can do something about it.
Another pillar of our business is leveraging this technology for our own line of cars, and applying it to third-party [clients].
Every one of our customer has a different agenda … and all have different packaging and requirements in mind. It does not directly compete with what we have, [instead] it puts us in a very unique position.
The apples-to-apples comparison compared to a regular roof will be at least at, and we believe slightly below the cost of a regular roof, and the electricity is just a bonus.
We rely on that boat for everything, including importing diesel for the generators for all of our electricity. Once diesel gets low, we try to save it by using it only for mornings and afternoons. Water systems here also use pumps, everyone in the village uses and depends on that. It's hard to live not knowing what's going to happen. I remember growing up using candlelight.
And by the way, [it] generates electricity?
This is part of making history. This project will help lessen the carbon footprint of the world. Living on an island, you experience global warming firsthand. Beach erosions and other noticeable changes are a part of life here. It's a serious problem, and this project will hopefully set a good example for everyone else to follow.
You can tick them off the list. They're further along and in a better cash-flow generating position than people think.
It will lead many to recognize that the short sellers were wrong.
This is going to be a tough one for the sell side. I'm an industrials and auto analyst who doesn't really know the solar market. It's [also] going to be an issue for the SCTY analysts who don't know the auto side of the business.
There are often a lot of promises without delivery, at least on time.
Elon Musk is clearly a force for change, but we think TSLA shareholders will see rewards delayed.
I think your faith will be rewarded.
We will never see residential solar grow at the rate is has over the last four years.
It's great for SolarCity. It doesn't look as great for Tesla shareholders at this point.
Residential solar plays will see lower volumes on more challenging regulations/slower demand due to extended coal facility lifetimes.
I think that there is a pretty good chance that we end up with a universal basic income or something like that due to automation.
[Donald] Trump's surprise victory last night, in tandem with Republicans maintaining majority control of both houses of Congress, constitutes in our view a material negative for the majority of our stocks under coverage.
We expect shares broadly to trade off today at higher magnitude than equity indices and believe the election outcome injects significant policy uncertainty into the growth outlook for multiple verticals, with solar/alternative transportation plays the most impacted.
Here's a guy building an American car in America using American labor and paying them a union wage – the whole bit. Why are you not rooting for it to be successful? I don't quite understand that.
We're becoming like the British. We like noble failures.
It's a tough business to get into. And the fact that Tesla is making a go of it – and quite successfully – I think is impressive. It should be applauded.
But I think when you have a technology that brings so much benefit that I don't think people are going to drop off … after one problem.
(Electric vehicles) are the way forward. Tesla is in a really good position with 30 percent of the market. We don't see that changing.
I think the timing is just right, if not, I mean frankly, we may be a little late. I wouldn't say that we're early. It is really an accident of history that the companies are even separate.
The why now, the why use Tesla equity if you do believe, in fact, it's incredibly discounted to the opportunity in the long term, that argues that you are paying even more for SolarCity.
It is such a long-tailed story in terms of consumer adoption, we see a hard time sort of arguing for the payback here in the near term and many, many investors … sort of need that confidence in order to invest today.
We are going to do hundreds – if not thousands – of deals of that size and bigger. Are we going to run them all through the independent committee?
It was getting clunkier and clunkier to do these joint deals. It took us months to vet that through our independent board members of both companies, and confirm that it was an arm's-length transaction, and it was just very unwieldy.
You really need product integration. You want the solar panels and the batteries to work seamlessly.
But I am very glad they did.
It is really an accident of history that the companies are even separate.
If you have solar panels, batteries and electric cars, you have a complete solution to a sustainable energy future ... it's just critical that all three pieces are there.
The stock was $33 when we started to invest.
I think in this investment from here in the next 15 years, we can make 30 to 50 times our money.
[But] it's risky. Initially they have to prove the concept; then they got to prove they can make them; [and] they got to prove they can make them profitably.
With Tesla, nobody wants you to succeed except for the people who buy their product. The car dealers don't want you to succeed because the [Tesla] cars don't need service. The unions don't want you to succeed because Tesla is remaking the way you make cars.
That represents 1.5 percent of our assets. The stock was $33 when we started to invest.
I don't think this is the finest moment in our democracy. I feel stronger probably about the fact that he's not the right guy. He doesn't seem to have the sort of character that reflects well on the United States.
First, you had anti-lock brakes, then you had lane departure warning lights. It's just another thing to protect you, that's all.
It consists of a really appealing solar roof, then combine that with storage and with electric cars, it's an obvious three-part solution. We want it to look better, last longer, provide better insulation and costs less all things considered than a conventional roof.
The goal is to make, to have electric, you know, solar roofs that look better than a normal roof, generate electricity, last longer, better insulation and actually have cost and installed cost that is less than a normal roof plus the cost for electricity. This is sort of the integrated future. An electric car, a Powerwall and a solar roof. The key is it needs to be beautiful, affordable and seamlessly integrated.
Sometimes the solar roof is positioned as a competitor to utilities, but we are actually going to need utility power to increase, and we are going to need local power generation. Because if you transition all energy to electric, that roughly triples the amount of electricity that is needed. So you need about a third for transport, about a third for heating and about a third for what we currently use as electricity.
I want to make sure people appreciate that the solution is both local power generation and utility power generation, it is not one or the other.
This can scale to unlimited size.
If you have a solar roof, and a battery pack in your house, and an electric car, that is something that scales worldwide. You can solve the whole energy equation with that.
The whole purpose of Tesla is to accelerate the advent of sustainable energy.
There is no real directional sentiment and investors seem to be less interested in the former big movers like Twitter, Tesla and Apple.
It's a Tesla quarter, right. That free clash flow is not free cash flow you can take to the bank. They extended their payables by over 600 million dollars. They worked out some inventory, they dropped their CapEx dramatically. That was a one quarter blip.
In all, while 3Q was a better quarter, we would characterize it as only modestly better.
We expect bulls and bears to see support for their theses in this quarter's report.
We feel the difference clearly relates more to the change in accounting than it does to [average selling prices].
A good quarter – but not as good as it looks; We remain cautious [on Tesla]. Tesla reported 3Q16 earnings yesterday that at first glance appear to represent a very strong beat to consensus and JPM estimates across all metrics. However, we see one reason why the 3Q16 earnings report is not as good as it looks, and another reason why it might not be as good as it looks.
Management asserted that it would not need to raise cash, but our model forecasts Tesla ending 2018 with $575-million, which we think is too close for comfort.
Things are looking good. It's not to say there could be some darkness ahead ... (but) it's overall looking quite promising.
It was a kitchen sink effort to get the third quarter to look good ahead of the deal vote.
The positive optics in this print ... and likely lower-than-expected SCTY cash drain on Tesla may help improve investor sentiment, and therefore improve the chances of SCTY merger approval.
The bulk of 2016's capital spending will occur in the fourth quarter, which likely leaves 2016 cash flow negative and Tesla needing capital market infusion in 2017. It was a kitchen sink effort to get the third quarter to look good ahead of the deal vote.
This would be something that would be a significant offset on the cost of ownership of a car and then a revenue generator for Tesla as well; obviously, the majority of the economics would go to the owner of the car. It's not Tesla versus Uber. It's the people versus Uber.
This level down here at $200 that it's kind of been holding on here – it really has to hold here.
And they need to see some traction there – that's the future of the company.
Quality is the price of admission.
It's almost like Tesla is Teflon.
This is a problem that volume can't fix because if you are in a variable loss, that is you're not recovering labor and materials in your sale price, then doing twice as many or three times as many or four times as many doesn't help. The losses just get bigger and bigger.
Just like Steve Jobs was worshipped at Apple (AAPL), it's the same way with [Tesla CEO] Elon Musk, who is seen as this new visionary god who promises this fantasmagorical future and utopia of profitability and volume. The only trouble is Steve Jobs delivered and Elon, god bless him, hasn't delivered a thing.
When you get down to the basics of it – the electric motor, the lithium ion battery, these things that Tesla will have some time to perfect – there is a good chance that the Model 3 will be a reliable vehicle.
What seems to hurt Tesla is just this obsession with adding these surprise and delight features.
In terms of any new or redesigned vehicles, we often see a tumble on reliability.
If you look at the top three it is Toyotta and Lexus, no surprise there. But above any of the Japanese automakers – above Honda, above Subaru – we see Buick, and that is a big deal.
The Model X out of the gate is very problematic. A lot of the problems have to do with the complex doors. The falcon wing doors are kind of an accident waiting to happen.
Honda really made a huge change with the Civic this year.
With the latter, you can build out a huge amount of pressurized space for industrial operations and leave the glass domes for green living space.
While we think ride-sharing/hailing is the future of mass-market mobility, we have some financial concerns with the idea of a [carmaker]-owned fleet.
You will also be able to add your car to the Tesla shared fleet just by tapping a button on the Tesla phone app and have it generate income for you while you're at work or on vacation, significantly offsetting and at times potentially exceeding the monthly loan or lease cost.
This dramatically lowers the true cost of ownership to the point where almost anyone could own a Tesla. Since most cars are only in use by their owner for 5 percent to 10 percent of the day, the fundamental economic utility of a true self-driving car is likely to be several times that of a car which is not.
I think it is a good goal, I think it is an ambitious goal. But I don't know if it is a realistic goal.
We have seen this over and over again that government and government regulation does not move as quickly as innovation in the technology space.
He is really pushing to be first, and this is a situation where is is more important to get it right than it is to get it first.
In our opinion, TSLA has the leading autopilot system on the road. We believe TSLA has the most autopilot miles, the most data, and improved hardware necessary to maintain its status as the best autopilot system.
Tesla's Elon Musk announcing a future road map, noting Tesla car's going forward will use NVDA's Titan GPU away from the MBLY.
Selling a vehicle with the latest and greatest hardware, but an unproven self-driving software package is a risky strategy.
Lidars are becoming very inexpensive, and they will always add an additional safety layer. So in these early days of self-driving, I wonder why anyone wouldn't want to use lidars for added safety.
It'll take us some time into the future to complete validation of the software, and obviously get through required regulatory approval. But the important thing is that the cars are ready to be made autonomous, at a safety level of at least twice that of a person, or maybe better. I think it's quite unexpected by a lot of people that it's happening right now.
We think we are at a point where the market really isn't as hypnotized by these endless product announcements and is going to look more to other things. I think there is enough moving parts in the earnings that there could be parts of it that could surprise to the upside.
Short term, we could see some upside with this … slew of product announcements coming over the next several weeks.
Moving the Tesla announcement to Wednesday. Needs a few more days of refinement.
This is a conceptual plan, this gives them flexibility in the future if they need to move things around as they get closer to rolling out the Model 3.
We are calling it the 'Tesla effect.
We are really excited. Tesla has been expanding in Fremont over the last few years, and we think the submission of this plan solidifies their investment in Fremont. But it also shows people that we can still manufacture in California.
But maybe it's kind of like a decentralized space race. Like Sputnik, but between the traditional car companies and their suppliers versus tech companies and their startups.
The company is investing heavily in the study of machine learning and automation, and is excited about the potential of automated systems in many areas, including transportation.
And by the way, you could close down every coal-fired plant in the United States today and you would not affect the temperature of the Earth at all.
We have seen them do some asset-backed financing at SolarCity, as well as with Tesla's inventories, and so we think they are going to continue to do that, along with expanding the lease program with the Model S and Model X. And so as we go forward that is going to ease their cash needs, but they will need to raise capital.
Typically with a bigger product, they would do a big media prep, and plenty of lead time to make sure there was enough attention focused on a major announcement.
I think they would be prudent to raise capital sooner.
I think there would be prudence to raise capital sooner. For a ramp like this that's so aggressive and the ambitions of this organization, having an extra cash cushion makes an awful lot of sense to us.
Just as the government is supporting through the people's taxes windmills and solar panels, they need to support the clean coal technology … We need a level playing field.
Tesla product unveiling on the 17th (unexpected by most), followed by Tesla/SolarCity on the 28th.
Any version without a merge will have conflict: we enslave the AI or it enslaves us. The full-on-crazy version of the merge is we get our brains uploaded into the cloud. We need to level up humans, because our descendants will either conquer the galaxy or extinguish consciousness in the universe forever.
Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians. Unlike city streets, a factory floor is a controlled environment, which makes it an ideal place to introduce self-driving vehicles at scale. Companies like Google, Tesla and Uber are still testing, whereas our self-driving vehicles are commercially available today.
We want to be the Hermes of the auto business.
It's going to take a while, for sure. You've got a difficult circle to break, you need volume.
The market has gone toward midsized cars where you don't have that pricing capability and as a consequence it's difficult to cover the costs.
You get to 90 percent autonomy in 10 percent of the time and then spend 90 percent of your time on the last 10 percent.
Our super-fast charging network allows for long distance travel in a fully electric vehicle. So we are proposing much more than just cars, in fact, we're proposing a whole ecosystem.
Diesel is going to be a concept that will continue to evolve and develop for the years to come around the globe. There are a lot of markets that actually live on diesel, to have a fuel efficient drive for the future. Petrol is another concept that will evolve into the future. But again, electric, we believe, is going to be the centre pole of change in the future. And that will allow us to really change, not only our technology, but the concept of life with our customers.
As time's gone on, as more and more people are investing in this, they're realising that they're cheaper to run, sometimes they're cheaper to buy – they can be with government grants – and they can be a viable source of transport. And with the focus on the environment and the economy, it's becoming more and more important to brands to actually bring something out that sits in that market.
There will always be a space for a combustion engine. Whether or not it's brand-spanking new cars, or whether or not they're older ones, classics. Some of the cars that are around now may be seen as classic cars within our lifetime, which I find really weird. But they can coexist – electric, autonomous, and combustion, manual, you know, proper cars – they can all coexist. There'll always be space for everything on the road.
Tesla found a niche and they've accomplished more than what many people expected.
The allure of Tesla and the danger of Tesla is Elon Musk. Elon Musk has made the company what it is today. I think he is the biggest weakness of the company. I think he's a great storyteller, but if you look at Tesla's lifetime, it always had trouble on execution. And I think the reality is, Elon Musk is not as interested in execution as he is in telling you the big story.
Opel is democratizing the electric car with the Ampera-e.
It looks like a really smart way to play Tesla to the upside.
I think digital really augments what we can do in the mall. Think about the brands that drive traffic in the mall. I mean you've got Louis Vuitton, Lululemon and the Tesla of this world and we are driving traffic. We've got very successful stores in the malls.
It is extremely important to get this right because Tesla is really alone in the ability to drive the vehicle with the people being able to take their hands off the wheel for an extended period of time.
Consumers need more than just guidelines. This new policy comes with a lot of bark, but not enough bite.
There is a competitive aspect to all this data, all of the software.
This technology is moving so rapidly that it is outpacing the public policy that is necessary to make sure we're doing this properly.
Our enforcement authority stands strong, and it will be used to its fullest effect as needed.
Our parting ways was inevitable.
Long term, this is going to hurt the interests of the company and hurt the interests of an entire industry, if a company of our reputation will continue to be associated with this type of pushing the envelope in terms of safety.
[Autopilot] is not designed to cover all possible crash situations in a safe manner... No matter how you spin it, [Autopilot] is not designed for that. It is a driver assistance system and not a driverless system.
In the long term, this is going to hurt the interests of the company and hurt the interests of an entire industry, if a company of our reputation will continue to be associated with this type of pushing the envelope in terms of safety.
Because of the damage caused by the collision, the car was physically incapable of transmitting log data to our servers, and we therefore have no way of knowing whether or not Autopilot was engaged at the time of the crash.
This is the anti-Amazon. What made Amazon great ... is that they didn't need capital.
To burden your own balance sheet and cash flow statement to, in effect, bail out shareholders at SolarCity strikes us as just the height of folly.
Perfect safety is really an impossible goal. It's about improving the probability of safety. There won't ever be zero fatalities, there won't ever be zero injuries.
I wish we could have done it earlier. The perfect is the enemy of the good.
Anything metallic or dense, the radar system we're confident will be able to detect that and initiate a braking event.
We're making much more effective use of radar. It will be a dramatic improvement in the safety of the system done entirely through software.
Perfect safety is really an impossible goal. There won't ever be zero fatalities. There won't ever be zero injuries.
It's not about going from bad to good. Things are already good. I think it's about going from good to great.
We really pushed hard on questioning all of those assumptions over the past few months.
It was just a very hard problem. Nobody else could solve this.
Perfect safety is really an impossible goal. They appear very happy with the changes. After careful consideration, we now believe it can be used as a primary control sensor without requiring the camera to confirm visual image recognition. The big problem in using radar to stop the car is avoiding false alarms.
I would move on to other names that look more attractive, like Apple, for example.
Elon Musk loves to make these wonderful targets that are never, ever achieved. I'm surprised that investors aren't a little more frustrated.
If you got to put it into a buy-sell-hold category, I am a hold. I would be a seller on a break below $180, because that's going to be a big change in sentiment toward the stock.
It's not like we live in a world where people's smartphones spontaneously combust.
It's a mandate for us to produce vehicles, but there is no mandate for customers to buy them.
Things do not always go smoothly.
I certainly can't tell you I have a vision of exactly how it happens.
It just takes time. Just as with hybrids, every generation is better the one that came before.
I'm concerned. It's a very ambitious goal and would require -- if you look at where we are today and where we need to go -- a big change in what consumers are seeing and what they're buying.
Tesla will need many, not-so-small capital infusions to stay on its development plan and more as it takes over Solar City, a virtual sinkhole for capital.
We have technical support from two different trend lines right at about the $210 region. So if you like the fundamental story with Tesla, this technical setup offers a pretty good opportunity to be in on the long side.
You could potentially risk $10 to $12 on this trade to make possibly a break out towards the range. As we scale back, that ultimate range breakout should be able to take you up towards that $300 mark.
At the end of the day, I get the impression that the traditional car companies, not only BMW, will not really be able to follow the pace and do the big steps which will be needed. His decision to move.
We do not want to have experts who understand everything, who sit somewhere and don't talk anybody.
They were mostly interested in the ways that our entrepreneurs brought their ideas to market, and how La Cocina, as an organization, supported that type of innovation.
If they can come up with an electric car that would be priced reasonably and have many of the features and driver comforts that Tesla has for example, I think it would sell really well. The potential market is huge, there are hundreds of millions of cars sold at high prices.
If [Musk] thinks he can sell incrementally more cars with incrementally better range and power, then that's an incremental improvement for the company. I think Tesla needs more than an incremental improvement these days.
This isn't going to be big shift in sales but huge additional increase in productivity capability.
If he can improve these energy densities and further range into that car, that's where we'll see a real benefit. It's really hard to conceive them hitting those kind of numbers in that kind of time frame...It's unprecedented even by modern standards and Elon's aspirations. Tesla was more likely going to hit a production of "a few hundred thousand" by 2018.
I think what they have done here with the battery pack in terms of improving the capacity in the same form factor is an impressive feat from an engineering standpoint. And this is a capability that we were very excited about with the auto platform, that they can do these sorts of things, that they will continue to roll these sorts of products out.
Tesla will go from zero direct competitors to 40 direct competitors.
The one credible thing he does say is he doesn't care if Tesla stays in business, if he can electrify the world of cars.
Tesla has absolutely nothing sustainably proprietary, nothing. Yet it is losing a massive amount of money with zero direct long-range electric car competition.
Other than the very early days, Amazon financed all of its expansion through internal cash flow. All Elon Musk knows how to do is incinerate cash.
I think it does a tremendous amount for their image. It's something that has been very, very powerful for them, but clearly it's misleading and something's probably got to change.
Technology has a right to go through steps and to be perfected.
[Electric cars] are four times more efficient than traditional cars. We think electric vehicles are going to ramp up, thanks to Tesla, much faster than people anticipate.
In this last holiday season, Amazon took half of all the incremental sales online … and it took a quarter of all incremental retail sales.
They're delighting the consumer. So, yes, we believe that the share shift is accelerating online. And that Amazon is going to get the lion's share of that.
Because of the Tesla Motors acquisition proposal, we experienced greater-than-usual delays in closing new project financing commitments.
What they produce can be produced by Mercedes, BMW, Toyota, Nissan. Anybody in the world can make it eventually, at much lower cost and probably much more efficiently.
I think Tesla is a company that is likely to go to zero eventually.
I think they're going to go back to the market once again.
From a technological perspective and from the dynamic of changing the industry which he does, I've been a fan of him. As far as from an investment perspective, I started off my coverage with a sell a few years ago and I've gone between sell and hold.
Elon is amazing at unblocking mental, physical and financial boundaries.
Both SolarCity and Tesla are companies that will need a lot of cash to scale. Money is free now, but if that changes things might get a little hairy.
This is the most exciting factory in the world.
You go to the market when the market lets you, not when you want to. Get the money while you can, while the market still loves your stock.
There's no doubt Tesla will remain the category leader as electric vehicles become increasingly mainstream, but it could be years before the bottom line justifies any investment in Tesla other than a purely speculative one.
Full autonomy is about developing advanced narrow AI, for the car to operate on. When I say narrow AI, it is not going to take over the world, but it needs to be good at driving a car. So increasingly sophisticated neural nets that can operate in reasonably sized computers in the car. That is our focus. I am very optimistic about this. It blows me away. If I am this close to it and it blow me away, it is really going to blow other people away.
We were in production hell for the first six months of the year. Man, it was hell. And we managed to climb out of hell partway through June and now the production line is humming and our suppliers mostly have their shit together.
They will grow with us.
There was really a need for them to do something. We were a bad economic downturn away from SolarCity going belly up.
That would be quick. That certainly hasn't been our expectation. If there is a big risk, it's just that it's too early.
We are very big, very long term believers in solar-plus-storage. But the capital that will have to be deployed -- and the years that will have to pass before it's more than just a rounding error for SolarCity -- make it not a real factor today.
I don't know how successful they will be on that end of things. When we look at SolarCity two years from now and three years from now, I believe they are still going to be a residential company.
Musk has laid out a grand plan, but it's all in the execution for Telsa. With those lofty goals come items such as cash burn and production issues.
You could make an argument that Elon is too ambitious, but he's got a way of having a powerful impact on converging trends.
Radar tunes out what looks like an overhead road sign to avoid false braking events.
Over time I think it will be a smart move, I think it is taking analysts and investors quite a bit of time to digest why it is a smart move.
The idea is that there is one sales process, one installation process, one service contact, one phone app to monitor things.
Solar carries with it a tough reputation, to be nice. We have had a lot of bankruptcies in the space, SolarCity has not been a clean story from an execution standpoint.
We see benefits from a combined solar/storage offering and manufacturing efficiencies, but remain concerned about cash flow and capital needs.
We really wanted to contribute to the sustainable world, that's number one. The second thing is that I think we really change business relationship between two companies: from the buyer-supplier relationship to one team.
Things are on track to be able to meet the Model 3 cell production timing in the middle of next year.
We have to address Apple TV, which is still a mess of apps and the easiest way to do it is by using the cash balance. We're very very unhappy with this cash sitting here with so many opportunities to buy Tesla and to buy Netflix and master the universe of technology in the future ... I would like to see Tim go out there and do something bold, otherwise, it's going to be tough to keep growing.
Every new mine that we can find needs to be brought online and it needs to be done as fast as possible.
Instead of taking 18 months or two years like with a large evaporation pond, this is an industrial process that works in a matter of hours.
What really matters to accelerate a sustainable future is being able to scale up production volume as quickly as possible. That is why Tesla engineering has transitioned to focus heavily on designing the machine that makes the machine – turning the factory itself into a product.
It's beyond us how much fundraising Tesla will need to carry out this master plan. The plan is like before – or like much of what Tesla does – long on exciting visions of the future and short on financial details.
Go into Starbucks, for example. No one can just patiently wait in line, they're all doing something on their phones. It's kind of pathetic.
Drivers in these quasi- and partial modes of automation are a disaster in the making. If you have to rely on the human to see something and take action in anything less than several seconds, you are going to have an accident like we saw.
When used correctly, it (Autopilot) is already significantly safer than a person driving by themselves.
We've taken a hard look ourselves in terms of what we think the possible synergies are. We still don't think [the merger] a good use of capital. We're looking for real generation of cash flow from [Tesla] … hitting the production and shipment number as well as the refinance numbers on the SolarCity side.
There is a tendency of people to take one ride in one of these vehicles and then conclude that because they have not crashed over the course of 10 minutes that the system must be ready.
[Piper Jaffray's] survey uncovered rising acceptance of advanced driver assistance systems (or ADAS), which are designed to increase safety and cut costs by using varying degrees of automation in the driving process. Our new estimates imply a faster rate of ADAS adoption, while also implying that MBLY will maintain its competitive stranglehold on the camera-based ADAS market.
It is an informal exchange. RDW will await the conclusions of the NHTSA before taking any further steps.
We heard about it in the press at first. Of course we look into it because it is important.
We think there is nothing wrong with the system if correctly used. From a functional point of view it is no different from systems approved for other manufacturers. The Tesla owners manual clearly said it is a driver assistance system.
Jack is programmed to work on freeways in automated mode. It doesn't have all the antennas and the cables, and sensors sticking out. It just looks like a car that you can go buy at the dealership today.
I think the allure of Tesla, and the danger of Tesla, is Elon Musk. Elon Musk has made the company what it is today... I think the reality is that Elon Musk is not as interested in execution as he is in telling you that big story.
We've got … Comma.ai which is basically using machine learning to basically figure out how to build an autonomous vehicle.
A lot of people don't understand what it is and how you turn it on.
I'm not sure exactly what's happening here. What we do know is that earlier in the year, Elon and the full management team really emphasized that they were focusing on execution and generating operating cash flow.
If we are not going to be able to get that correct, then we probably shouldn't be using these kinds of modes of operation.
Should [Tesla] have also told the shareholders before they went out and asked them to buy the stock?
The materiality issue is not about the death itself, but more about the circumstances of the crash and calling into question a technology that's important to Tesla's future.
The last high-profile company that we saw with such a similar large number of senior executive departures, was Valeant.
Checks indicate initial demand for Tesla's new, less-expensive car is strong, which would be dilutive to gross margin. We are lowering estimates to reflect this.
This is not the first time Tesla has missed an aggressive target. Tesla has admitted to over-reaching on the complex design of the Model X, and they are paying the price.
We believe most production/supplier issues related to the Model X have been resolved, which should allow for a smoother production ramp in the second half.
They're [autonomous vehicles] not even here yet, but it's moving very quickly.
They have an absolute leadership role in the products they're providing their customers. And so they have won most of that business going forward, and we think due to that, that gives them this technological moat, or they should be successful going forward for the remainder of this year.
The [two firms] have been the consolidators in the space; they are platform companies with great management teams.
So if they want to change the way the brakes are working, it can happen over the air. This is the beginning of autonomous vehicles. So they're well on their way, and the key is data.
The good news is that the solutions to reducing traffic deaths aren't a mystery. They include strong laws coupled with highly-visible law enforcement and robust public education campaigns.
You elect to use this feature, just as you elect to use cruise control. Drivers need to pay attention. This is an imperfect system.
Bottom line, the media attention may weigh (the first major incident was always a headline risk), but we don't think much has changed.
For years people have been saying the technology is ready, and it's one of my pet peeves, because no it's not.
As the economy has improved and gas prices have fallen, more Americans are driving more miles. But that only explains part of the increase. Ninety-four percent of crashes can be tied back to a human choice or error, so we know we need to focus our efforts on improving human behavior while promoting vehicle technology that not only protects people in crashes, but helps prevent crashes in the first place.
People want the traditional automakers to be the brawn, building these cars, and they want tech firms to be the brains of the cars.
Consumers see Google and Tesla as being on the front line of autonomous-drive technology.
Infotainment systems in vehicles continually lag the performance of mobile phones.
We're very mindful of the need to have a process that ensures independent, objective decisions that are in the best interest of all shareholders.
We remain fans not just of Tesla products, but of the concepts and potential future partnerships behind the company. We foresee fruitful synergies between say, Tesla and SolarCity – or any company that can benefit from superior battery technology.
Homes spend up to $20,000 a year between transportation and energy and that's just a large amount of spend for one company to go after.
We don't expect SolarCity to have a negative impact on Tesla cash flow. This makes execution easier, not harder.
Ideally you want to see Tesla focus on Tesla -- building Teslas and expanding the cars. Maybe the feeling is that this takes away focus, and it could financially strain Tesla, which is going to continually need a lot of cash.
They're losing money on every installation and making it up on volume and that's a problem when you have a levered balance sheet. I think SolarCity gets into financial trouble in 2016.
We are encouraged by the continued improvement in housing market conditions across the country and by the recent increase in participation from first-time homebuyers, historically our primary customer segment.
I think it actually amplifies the opportunity for both companies.
I don't think this creates additional financial risk for Tesla. The deal would not add significant debt to the Tesla balance sheet.
I think this could be one of the largest companies in the United States and the whole world.
I don't think [Musk] is going to be back to the market for quite a while, if he's ever going to be back to market for equity again. Throughout his whole operation, he has the opportunities to invest small amounts of capital and have high rates of return.
Bezos's presentation was the most entertaining and Musk's was the deepest.
I think everyone left the room long Amazon.
Note to self, I've got to speak before Bezos at the next conference.
Everyone is consumed with AI. But it is a tool for the large tech companies that grossly upsets the playing field because start-ups don't have the data to make it useful.
It is intended to carry astronauts to the International Space Station. But we are going to send one to Mars in 2018.
I would not recommend traveling to Mars in that. It would be a long time to spend on an SUV.
I think they'll probably make a good car and probably be successful. Google's done a great job of showing the potential of autonomous transport. But they're not a car company, so they would potentially license their technology to other companies.
I would not recommend travelling to Mars in that. It would be a long time to spend on an SUV. the rocket is not designed to return to earth.
I am fiscally conservative in spades and I am socially liberal in spades. I would cut back on military interventions that have the unintended consequence of making us less safe in the world.
The reason is that even if 99 percent of the internally produced items and supplier items are available on July 1, we still cannot produce the car because you cannot produce a car that is missing 1 percent of its components.
Now, will we actually be able to achieve volume production on July 1 next year? Of course not.
That's amazing for a start-up company. If you think back over time, people thought Jeff Bezos was crazy when Amazon was getting started. It really does take someone with almost a streak of craziness to generate these super-normal returns and invent something new.
The key thing we need to achieve in the future is to also be the leader in manufacturing. It's the thing we obviously have to solve if we are going to scale and scale profitably.
I would be betting that they don't make it.
It's going to be challenging, making cars is hard and there are all sorts of moving parts and competition will come from known and unknown places.
They're going to have to spend an enormous amount of money on capital expenditures to achieve their long-term goals and they don't have the money because they don't have the earnings. So they're going to have to sell stock to finance it.
This is not just day traders coming in and out of the market. This is fundamental guys who have put it in their portfolio and are saying, We don't believe this valuation is correct.
We hope to surpass Tesla and lead the industry leapfrogging to a new age.
Look, this disruption can't come from traditional OEMs (automakers). But a company like us, we can go directly to pure electric cars.
Tesla's a great company and has taken the global car industry to the EV era.
People questioned our idea, a small IT company building a car to compete with the BMWs and Teslas of the world, and laughed at us. It wasn't easy, but here we are.
The question is whether Tesla can successfully build the cars. We argue it faces unappreciated risk in ramping volumes (and thus in becoming a mass market original equipment manufacturer) unless it can improve in manufacturing and cash management.
We believe Tesla may justify an additional capital need by citing that demand exists to build more car and battery factories sooner rather than later, while also taking advantage of an open capital market.
When people tell me they are going to go from 100, 000 units to 500, 000 units within four years, I would not bet on it.
Highly autonomous cars and everything they connect to will require powerful and reliable electronic brains to make them smart enough to navigate traffic and avoid accidents.
The accident is very sad …. We believe today the technologies are not ready for series production.
We are simply awestruck by the demand surfacing for the Model 3. We had no idea the reservation orders would be this strong.
All I can tell you is Mr. Musk is Mr. Rabbit Out of a Hat and yes, the stock is impossible to value. Amazon was impossible to value; Tesla is impossible. It's a conundrum; it's an enigma. … It's full of sound and fury signifying nothing. But it doesn't matter.
The main problem is the site's transformation. We need to give hope to this community. My idea is to bring a Tesla factory.
We believe Tesla will hit their 200, 000th U.S. vehicle during 2018. So some Model 3s may still qualify for the credit, but most will not.
There's no other car in the history of the automotive industry we're aware of which has had this kind of consumer reaction.
Our patience here is being tested, but because of my passion to have one, it's energy saving, so that's why I'm here. I think this is the car of the future.
What we know about Tesla and all, what he's done in the past with the S and the X, we're pretty confident that we're going to end up with a pretty good car when we get our hands on it.
In 24 hours, Tesla surfaced as many serious buyers as it has converted into customers in its existence. That is the opportunity the car maker is tapping into.
We at Tesla, we don't build slow cars.
It is important to the industry because it will signal whether or not Tesla Motors is a major threat to the status quo or just another wannabe car company with a fleeting chance for long-term success.
We expect the Model 3 to live up to the Tesla brand image as a 'no compromise' high-performance car, with a high degree of driving pleasure. We would be very surprised if the performance specs, such as acceleration and handling, are not on par with or superior to high-performance 'M' or 'AMG' versions of the equivalent German premium sedans.
This is a game changer for Tesla. They have to go for higher volume and really stretch.
Chevrolet will have the Bolt out much earlier than the Tesla, and that could take the wind out of their sails.
They're burning cash at this point so that's another critical risk that investors should be focused on.
I think there are a lot of reasons to be really cautious.
Recently, as the price of oil started to increase last week, with the price of Tesla, I heard too many commentators draw the correlation between the two. I said, No, this is just wrong.' I thought that it would be a great time, around the $185-190 range to go ahead and re-establish a short position in Tesla.
Nevada's tax dollars should be used to provide jobs for Nevada construction workers, not New Mexico construction workers.
The Tomahawk is designed to be the only '2+2' all electric sports car with performances to the likes of Tesla. The demand for such a car is currently not being met.
The end result is that you have decided that I can't own one of your cars, and I am terribly disappointed. When I wrote a blog post about my BMW X1 called 'My car makes me feel stoopid', the CEO of BMW didn't take the car back.
Worrying about AI that will be intentionally evil to us is pure fear-mongering. And an immense waste of time. Let's get on with inventing better and smarter AI.
You can recharge the car in about the amount of time it would take you to eat lunch, watch a movie, and do a little bit of shopping. So what really excites us about this corridor is that it's one of the first times you can actually contemplate taking the electric car on the freeway.
The combustion engine is a dinosaur and I think it is absolutely the right time to introduce a new technology thread.