Hot! Tesla Master Plan Pt.2 (The Next 10 Years)

[tristatez28lt1]

Tesla needs to raise more than 1.15 billion. More like 2 billion. This should be step one. additional 500 million incoming soon. I'd bet my money on this.


http://www.autonews.com/article/201...isks-will-raise-up-to-1-15-billion-in-capital

Tesla, looking to cut 'risks,' will raise up to $1.15 billion in capital

UPDATED: 3/15/17 5:45 pm ET - adds details
Tesla Inc. plans to offer $250 million in shares and $750 million in convertible debt as the electric-car maker looks to raise the cash needed to evolve from a niche player to a high-volume automaker.

The proceeds, which may reach $1.15 billion if underwriters fully exercise their option to purchase additional shares, will be used to strengthen its balance sheet and "further reduce any risks associated with the rapid scaling of its business due to the launch of Model 3," Tesla said in a statement.

Tesla said CEO Elon Musk will participate in the offering by purchasing $25 million of common stock

Tesla shares rose 2.7 percent in extended trading in New York to $262.55 at 4:46 p.m. Wednesday.

A capital raise by Tesla has been anticipated since late last year and gained steam last month after Musk warned the company could be "close to the edge" on cash needs.

Some Wall Street analysts had predicted that Tesla would seek to raise as much as $2.5 billion in capital.

Tesla has repeatedly turned to Wall Street for fresh capital throughout its history. It has had negative cash flow since 2014 and has posted a quarterly profit only twice since going public.

Tesla had $3.39 billion in cash and cash equivalents at the end of 2016, but most comes from a May stock offering, cash from its SolarCity acquisition and nearly $1 billion in draws on credit lines.

Tesla's warning that it would spend $2 billion to $2.5 billion in the first half of 2017 in capital expenditures left little cushion at a critical time ahead of its Model 3 production, which the company says will begin in July.

 

[Cashmere]

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[Matski]

I just noticed something a couple of posts up...

... think I've sat in on too many HSM's

 

[Cashmere]

^ Hahaha, funniest thing i've seen all week

You can't possibly work for a tech startup in the Bay Area, and not come to work in sneakers.

 

[SCOTT27]

Do Nike offer safety shoes? It is very common that safety shoes are designed to look like training or running shoes.

 

[Cashmere]

Tesla launches new Powerwall and solar integration in the ‘Tesla Mobile app’

The Powerwall 2 can store 14 kWh of energy, which homeowners with solar installations can use to get more out of their solar power and use less energy from the grid. They can also use the Powerwall as a backup system during power outages.

With the simple new app, users can easily see where the electricity powering their home is coming from: grid, solar installation, or Powerwall. It will enable Tesla customers to have a greater visibility in their power generation and consumption.

Tesla launches new Powerwall and solar integration in the ‘Tesla Mobile app’

Brilliant move by Tesla. I expect a very high number of existing Tesla owners to go all in on the solar/battery pack setup for their homes. It appears that the app will also be able to show the home owner how much excess electricity they are selling back to the grid. The future is looking bright!

 

[tristatez28lt1]

Elon has to make the best out of the Solarcity merger. This is the way to do it.

 

[Cashmere]

Some interesting bits from yesterday's earnings call:

Tesla Q1 Revenues

2017 $2.7 billion
2016 $1.6 billion
2015 $1.1 billion
2014 $713 million
2013 $562 million
2012 $30 million

Elon Musk says Tesla will unveil its tractor-trailer truck in September

• Prototype will be unveiled in September 2017.
• Musk said that there are “a bunch” of Model 3 electric motors in the Tesla Semi truck and by sharing parts with the vehicle, he expects high gross margins on the truck.
• Musk is confident that the cost of operation of the Tesla Semi will be ahead of the diesel truck competition – making it attractive to freight companies.
• Model Y is expected to go into production in 2020
• Model Y will be built on a “completely different” platform from the upcoming mass-market Model 3.
• Musk plans to ditch the 12-volt battery architecture used in Tesla’s other vehicles, which could dramatically reduce the length of electric wiring needed and simplify the production process. Less wiring means more automation in the production process.

 

[Gianclaudio]

The truck will be wonderful for applications like the garbage truck: making biogas from the organic residues to generate electricity and them charge the trucks which bring these residues to the plant....the full cicle complete

 

[slicknick]

Some interesting bits from yesterday's earnings call:

Tesla Q1 Revenues

2017 $2.7 billion
2016 $1.6 billion
2015 $1.1 billion
2014 $713 million
2013 $562 million
2012 $30 million

Elon Musk says Tesla will unveil its tractor-trailer truck in September

• Prototype will be unveiled in September 2017.
• Musk said that there are “a bunch” of Model 3 electric motors in the Tesla Semi truck and by sharing parts with the vehicle, he expects high gross margins on the truck.
• Musk is confident that the cost of operation of the Tesla Semi will be ahead of the diesel truck competition – making it attractive to freight companies.
• Model Y is expected to go into production in 2020
• Model Y will be built on a “completely different” platform from the upcoming mass-market Model 3.
• Musk plans to ditch the 12-volt battery architecture used in Tesla’s other vehicles, which could dramatically reduce the length of electric wiring needed and simplify the production process. Less wiring means more automation in the production process.

 

[Cashmere]

Confused, how is it nonsense?

 

[Cashmere]

Tesla begins taking orders for solar roof tiles

Solar Roof
The Tesla Team May 10, 2017

Tesla’s mission is to accelerate the world’s transition to a sustainable energy future by creating products that are so compelling, there is no alternative. Solar energy has always been part of our master plan, and we recognized the need for a roof that is simultaneously affordable, durable, beautiful and integrated with battery storage.

Solar Roof complements a home’s architecture while turning sunlight into electricity. With an integrated Powerwall, energy collected during the day is stored and made available any time, effectively turning a home into a personal utility. Solar energy can be generated, stored and used day and night, providing uninterrupted power even if the grid goes down.

Affordability
Solar Roof is more affordable than conventional roofs because in most cases, it ultimately pays for itself by reducing or eliminating a home’s electricity bill. Consumer Reports estimates that a Solar Roof for an average size U.S. home would need to cost less than $24.50 per square foot to be cost competitive with a regular roof. The cost of Solar Roof is less. The typical homeowner can expect to pay $21.85 per square foot for Solar Roof,1 and benefit from a beautiful new roof that also increases the value of their home.

Solar Roof uses two types of tiles—solar and non-solar. Looking at the roof from street level, the tiles look the same. Customers can select how many solar tiles they need based on their home’s electricity consumption. For example, households that charge an electric vehicle every day may want more solar tiles on their roof.

In doing our own research on the roofing industry, it became clear that roofing costs vary widely, and that buying a roof is often a worse experience than buying a car through a dealership. Initial contracts tend to be overly optimistic, and later customers face hidden costs that were never mentioned up front.

At Tesla, we believe in transparency and putting the customer in control. That’s why we created a Solar Roof calculator that lets homeowners estimate the upfront price of Solar Roof, as well as the value of the energy it can generate for their home. The calculator is based on factors like roof size, the average local price of electricity, and how much sunlight a neighborhood receives throughout the year.

As shown in the graph below, the cost of our non-solar tiles is comparable to regular roofing tiles.2Although the cost of our solar tiles is more expensive up front, it can be more than offset by the value of energy the tiles produce.3 In many cases, the reduction in a home’s electricity bill over time will be greater than the cost of the roof.

Design & Durability
Solar Roof will be available in a variety of designs, including Smooth and Textured (available this year) and Tuscan and Slate (available early 2018). Made with tempered glass, Solar Roof tiles are more than three times stronger than standard roofing tiles, yet half the weight. They do not degrade over time like asphalt or concrete. Solar Roof is the most durable roof available and the glass itself will come with a warranty for the lifetime of your house, or infinity, whichever comes first.

Availability
Customers may place an order for Solar Roof today on the Tesla website. Installations of Solar Roof will begin in the U.S. this summer and we expect installations outside the U.S. to begin in 2018.

 

[sako97]

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[Cashmere]

Elon Musk seemed to be in a very good mood today on the shareholders call. Lots mentioned, below are some quotes from the call.

=========================================================

•Elon: "Model 3 configurator going online later next month". Model 3 configurations initially will be very simple. More options will be added as we go. Single motor initially, dual motor by late this year if we're lucky, more like early next year"

• Elon:"I wanted an infinite warranty on the roof tiles but the accountants said that's difficult to account for. Spanish and French slate roofs in production early next year and there will be more over time. Prices on the solar roof will come down over time as economies of scale and installation improves"

•Elon: "Over time we'd like 1 store for every 500K people" (retail expansion)

•Elon: "Next year at least 50% increase in Supercharger stations and maybe another 50% the year after. We still start adding amenities to the larger stations"

•Elon: "Semi truck on track for reveal at end of September.Working prototype. Heavy trucking companies seen it and want it.I really recommend showing up for the semi truck unveiling"

•Elon: "Model Y will be built in a new plant. Really excited about Model Y. Model X was a mistake to be derived from Model S platform. A number of really major manufacturing improvements that can be done"

•Elon: "Tesla audio system can be improved with a better codec. Feel confident we can improve it with an over the air update"

•Elon: "We're almost there in exceeding the capabilities of AutoPilot 2.0 over AutoPilot 1.0 by sometime next week"

•Elon: "We're not going to call cars pre-owned, they're used. Who are we fooling here?"

•Elon: "Key change for safety: we now run 3 shifts instead of 2 at the factory"

•Elon: "We will offer battery upgrades for older cars in the future"

•Elon: "90% of my time is spent between Tesla and SpaceX. Tesla is a drama magnet"


BONUS: First teaser image of the Model Y.

 

[tristatez28lt1]

Once you start reading these on the daily, you will understand the doubts and problems with Tesla (stock)...

TSLA Latest News & Analysis - Tesla Motors | Seeking Alpha

 

[tristatez28lt1]

Tesla opts out of JD Power quality survey

Tesla apparently declined to share its ownership registration data, preventing JD Power from sending surveys to customers.

Tesla has apparently declined to participate in JD Power's surveys, preventing the marketing firm from comparing the Model S and Model X against vehicles from established rivals.

JD Power relies on voluntary submissions of customer registration data to distribute surveys. The latest Initial Quality Study reflects customer-reported problems experienced in the first 90-days of vehicle ownership.

An Automotive News report notes that California is among states that do not release registration data without explicit permission from automakers. JD Power says all major automakers approved the release, except for Tesla. The firm still had approximately 30 percent of customer data, but declined to release any figures due to the small sample size.

"I don't know that they're hiding anything," JD Power's VP of global automotive, Dave Sargent, said at a recent press association meeting, as quoted by AN. "They just don't want to participate."

Consumer Reports surveys in 2015 shed light on potential issues with the Model S drivetrain, power equipment, charging hardware, displays and squeaks, among other gripes. The Model X also experienced some early problems, including glitches with its falcon-wing rear doors.

JD Power in March released a report saying that Model S and Model X 'early adopters' appeared to put up with some of the quality problems that both models experienced early in their respective production runs. The analysis predicted that Model 3 customers will not be as tolerant of such issues.

Tesla CEO Elon Musk has admitted that the Model S and Model X were not designed to be easily manufactured. The company claims the Model 3 has been engineered from the start to be mass produced without any major issues.


Read more: Tesla opts out of JD Power quality survey - LeftLaneNews

 

[Kowalski]

Elon Musk is the new Bernie Madoff.

 

[Beemer B773ER]

^ Hahaha, funniest thing i've seen all week

You can't possibly work for a tech startup in the Bay Area, and not come to work in sneakers.

Yup, a business suit around here will get you fired!

 

[tristatez28lt1]

New Tesla Model Y SUV to arrive in 2019

Our exclusive image shows Tesla's second SUV, the Model Y, which will be based on the existing Model 3 platform

The introduction of the new Tesla Model 3 fires the starting gun on a new era of more affordable cars from the cult Californian electric car company, and next on the hit list is a small crossover called the Model Y, which will arrive in 2019.

It will be a crucial step in Tesla’s second ‘master plan’, which will see the brand expand beyond its current line-up with an all-electric pick-up truck, a new Roadster and a move towards heavy-duty transport with Tesla trucks and buses.

By doubling its SUV portfolio with the smaller, cheaper offering, Tesla is lining itself up to enter a booming marketplace. Alongside the recently launched Model 3, the Model Y will be an important step on the road towards the firm becoming a true volume vehicle manufacturer.

Details are still being ironed out, but Tesla is more open than most regarding its future product plans. Chief executive Elon Musk is already talking candidly about the new car, and the firm has also hinted at the Model Y’s design through an official teaser image released earlier this year.

Our exclusive image previews how the car could look when it arrives in 2019. If Tesla adopts a ‘Russian doll’ approach to the Model Y’s design, we expect it to mimic the Model X SUV’s form and function in a smaller package – maybe even down to the ‘Falcon wing’-style doors, which Musk has previously promised. Fresh design cues from the Model 3 such as the flat, grille-free front end could also define the new car.

Although the Model Y will sit underneath the Model X in Tesla’s range as its second and smallest SUV, it would make sense for the manufacturer to market the Model Y as a Model 3 crossover rather than a smaller Model X, especially when the latest news from Musk is taken into account.

Tesla has abandoned plans to develop the Model Y around a new dedicated electric platform, and it will now use the same underpinnings as the Model 3, Musk confirmed. This will allow the firm to bring the Model Y to market much sooner than was originally anticipated, and will also slash R&D costs. Musk has hinted at making tweaks to the platform to help further automate the production process.

Given a platform share with the Model 3 has now been confirmed, it’s extremely likely that drivetrains will be the same, too. Tesla has not officially confirmed battery pack sizes for the 220-mile Standard and 310-mile Long Range launch editions of the Model 3, but has already promised all-wheel-drive and performance variants.

However, the firm likes to shuffle its powertrain offerings around often and without warning, so however the Model 3 line-up looks in 2019, it is likely to be replicated by the first Model Ys.

Tesla electric minibus is also on the cards
Musk also revealed further details on the Tesla electric minibus, first alluded to by Musk at the Master Plan conference. Further Tweets stated that the new "high passenger density urban transport" vehicle is on the drawing board, and will be "built on a Model X chassis. He also claimed "people density potential is surprisingly high", so its likely we'd see something aiming to offer at least eight seats.

Given that the chassis already exists, its reasonable to assume that would appear by the end of next year at the latest. Expect the same electric drivetrains, including both two and four-wheel drive, a tablet-style portrait touchscreen on the dash and the autopilot autonomous driving system.

Tesla Timeline: what’s coming and when

End of 2017

Solar Panel roof: Conventional roof tiles can be replaced with Tesla’s Solar Roof to help power your home.

Tesla HGV: Full-size, electric semi-truck arrives next.

End of 2018

Superchargers: Tesla boss Elon Musk has promised to triple the number of Supercharger stations worldwide to 18,000.

Early 2019

Model 3 UK deliveries: First UK customer deliveries of the Model 3 saloon are due to be made in early 2019.

End of 2019

Tesla Model Y: Audi Q3-sized Model Y will be Tesla’s second SUV and use the same platform as Model 3 saloon.

Tesla Pick-up: Brand will bring the world’s first electric pick-up to the market towards the end of the decade.

2020

Tesla Roadster: Second-generation Roadster has been confirmed.

New Tesla Model Y SUV to arrive in 2019

 

[Cashmere]

Great review that shows why the Powerwall is such a game changer. Utility companies are next on the chopping block.

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