Why Tesla is going to dominate for the next 5yrs

[stumbledotcom]

Tesla took its hype machine to new levels last week. First Musk gained scads of headlines with the breathless news about expanding production in half the time. Then hours later admits to investors that the July 1, 2017 production start date for the Model 3 is unrealistic. That second nugget went largely unreported of course.

https://www.inverse.com/article/15226-elon-musk-just-leaked-a-tesla-model-3-secret-to-investors

Even more telling, the LA Times covered Tesla's latest quarterly SEC filing today. "The company hasn't yet finalized the design for the Model 3, hasn't selected its parts suppliers, isn't sure it can produce and deliver the car in volume and on time, and still needs to do 'extensive testing' to make sure the car can meet quality standards and government regulations."

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-tesla-admits-20160511-snap-story.html

Oh and the 2016 Q1 loss ($282 million) nearly doubled down on the 2015 Q1 loss ($152 million).

Dominate. Right.

 

[imolazhp]

Tesla took its hype machine to new levels last week. First Musk gained scads of headlines with the breathless news about expanding production in half the time. Then hours later admits to investors that the July 1, 2017 production start date for the Model 3 is unrealistic. That second nugget went largely unreported of course.

https://www.inverse.com/article/15226-elon-musk-just-leaked-a-tesla-model-3-secret-to-investors

Even more telling, the LA Times covered Tesla's latest quarterly SEC filing today. "The company hasn't yet finalized the design for the Model 3, hasn't selected its parts suppliers, isn't sure it can produce and deliver the car in volume and on time, and still needs to do 'extensive testing' to make sure the car can meet quality standards and government regulations."

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-tesla-admits-20160511-snap-story.html

Oh and the 2016 Q1 loss ($282 million) nearly doubled down on the 2015 Q1 loss ($152 million).

Dominate. Right.

This.

Don't get me wrong, I'm a fan'ish of Tesla. I do have a deposit on a TM3, it was cheap enough to have spot in line rather than not have a spot in line but I don't drink the same KoolAid as most Tesla fanatics. If they only want you to charge to 90% like they do their other cars then 90% of 215 miles is only 194. My US (coded) REx GOM's 160 minimum (in comfort) and up to 200 in optimum conditions (in EP+) with both "tanks" full. If I can negotiate the lease-end for $25k or let it go back and find it on a dealer lot and negotiate it for $25k (or less if they are only asking $25k) then I won't be able to justify a TM3.

They are already all over the place about when they are starting production, first stating late 2017, then trying to move it up, then saying its not possible. They've already stated that most TM3's will cost around $42,000, if this isn't a hint at the real MSRP of the car, I don't know what is. Tesla has yet announce a product and meet its deadlines or pricing, don't expect this will change with the TM3. Anyone in the north, and Canada, be aware the car is not aluminum, it is made of steel. Hope their anti-rust treatment(s) are applied properly.