Tesla 2023

And like clockwork:-

Bloomberg
Tesla Cuts Model 3, Y Prices in US After Quarterly Sales Dip
Peter Vercoe
Fri, October 6, 2023 at 5:00 a.m. EDT·1 min read



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(Bloomberg) -- Tesla Inc. cut prices on its top-selling models in the US again, days after its third-quarter deliveries missed estimates.

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The carmaker marked down the starting price of the base Model 3 by $1,250 to $38,990, and discounted the long-range version of the sedan by the same amount to $45,990.

Tesla also shaved $2,250 off the price of the performance version of the Model 3, which now starts at $50,990, and $2,000 off the long-range and performance versions of the Model Y sport utility vehicle, which now cost $48,490 and $52,490, respectively. The company reintroduced a cheaper version of the Model Y earlier this week.

Tesla shares dropped 1.6% as of 5 a.m. New York time Friday, before the start of regular trading. The stock has more than doubled this year.

Tesla delivered 435,059 vehicles during the last three months, down from the previous quarter and around 20,000 units short of what analysts were expecting. The company will need to deliver over 475,000 more cars to meet its 1.8 million target for the year.

While Tesla’s price cuts have helped stoke demand amid higher interest rates and inflation, they’ve also put a damper on the automaker’s profit margins.

Chief Executive Officer Elon Musk has downplayed the trend, saying the company could sacrifice upfront earnings on each car sold and make money after the point of purchase on software updates. His years of predictions that Tesla will deliver autonomous-driving capabilities this way haven’t panned out.

(Updates with share move in the fourth paragraph.)
©2023 Bloomberg L.P.

https://ca.finance.yahoo.com/news/tesla-cuts-model-3-y-090022118.html

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"Retooling" for the Model 3 lol that just gets its price tag slashed. It happens!!!!!!!
 
https://electrek.co/2023/10/06/tesla-money-printing-lithium-refinery-come-online-sooner/

Tesla’s ‘money-printing’ lithium refinery to come online sooner than anticipated
Fred Lambert | Oct 6 2023 - 7:57 am PT

Tesla-Lithium-factory-render.jpg


Tesla’s lithium refinery, which CEO Elon Musk called a “money-printing machine,” is now expected to come online sooner than anticipated.

In September 2022, we learned that Tesla has a plan to build a lithium refining facility on the Gulf Coast of Texas.

The goal of the new plant is to produce lithium hydroxide to support Tesla’s own battery cell production at Gigafactory Texas in Austin.

The company also wants to prove its own new lower-cost processing system. If successful, it could be adopted by the rest of the industry and facilitate the deployment of new lithium processing capacity, which is badly needed to support electric vehicle growth.

Tesla previously confirmed that it planned to invest $365 million in the lithium plant, which would employ about 165 people full-time plus another 250 construction jobs for about two years.

During a groundbreaking ceremony in May, CEO Elon Musk said that the factory would produce enough battery-grade lithium to build about 1 million electric vehicles per year.

The company updated the timeline to construction being finished next year and achieving production in 2025.

Now we receive an update thanks to Tesla sr. manager of operations, Jason Bevan, who spoke to local media in Texas during a fair to recruit for the plant.

Bevan said that Tesla now plans to commission the assets in the first half of 2024 and ramp up during the second half of the year:

We will begin commissioning the assets, roughly the first of next year, and that will continue, in earnest, over the first half of next year. They will start ramping up production the latter half of next year.

The manager added that he could see Tesla expanding beyond its original plan with this refinery on the coast:

We have property that is well-suited for a future expansion, beyond these first two trains, so I think there is ample opportunity for further economic impact beyond just those direct employees that we hire.

We will be keeping a close eye on this project as it could greatly increase the lithium processing capacity in North America, which is currently limited.
 
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The Cool Down
Ford’s new SUV is being compared to a ‘personal bullet train’ — and it could give Elon Musk a run for his money
Story by Jeremiah Budin •4h

Ford’s new SUV is being compared to a ‘personal bullet train’ — and it could give Elon Musk a run for his money (msn.com)

Ford Motor Company is attempting to make more waves in the electric vehicle space. The company’s CEO, Jim Farley, and Chief Officer of EVs and Digital Systems, Doug Field, recently teased out some details of the company’s newest car — a battery-electric SUV with three rows of seating — during presentations at Ford Investor Day.

Among those details is a 350-mile range with only a 100-killowatt-hour battery pack. That’s a much smaller battery size than would normally have been required for an electric Ford SUV of that size, according to Carscoops. To accommodate, Ford is making this SUV lighter, with less rolling resistance in the tires.

The Ford higher-ups are describing the new SUV, which doesn’t yet have a name and is set to be released in 2025 at a price point around $60,000, as a “personal bullet train,” Carscoops reported. Presumably, this is a reference to the car being fast and also fitting a lot of passengers (seven seats in total).

Ford recently announced that it would begin construction on a Michigan factory that would produce lithium iron phosphate batteries — a cheaper and more sustainable alternative to lithium-ion batteries — signaling the company’s enthusiasm to continue to grow its EV line.

Some EV enthusiasts believe that the excitement generated by the new SUV could be bad news for the current market leader, Tesla.

“You can’t dismiss the threat,” wrote one EV enthusiast, commenting on the story on Teslerati, a Tesla fan site. “FORD is going full energy. They announced the next gen Truck, even when Lightning is just in its 1st year. Farley is transparent about how ‘behind’ he is, as he wants to catch up. Tesla has been weak in releasing multiple products. They are, in effect, still building factories across the world.”

“This is why Tesla is in a race against time,” replied another. “If they want to be more than a boutique manufacturer, they need to grow and have the product/factories/infrastructure in place when everyone catches up.”
 
SunTrader said:
So now AAPL, MST, GOOGL and NVDA are NOT Tech companies?

Stop the game playing.

TSLA has never been priced against Ford or GM but the above companies.
More...
You're constantly moving the goal post .. You inferred some negative about TSLA because it hasn't hit its ATH, yet you couldn't find any auto or tech stocks that are ATH so you come up with meaningless differences to make an elusive point. Haters will hate.
 
SunTrader said:

The Cool Down
Ford’s new SUV is being compared to a ‘personal bullet train’ — and it could give Elon Musk a run for his money
Story by Jeremiah Budin •4h

Ford’s new SUV is being compared to a ‘personal bullet train’ — and it could give Elon Musk a run for his money (msn.com)

Ford Motor Company is attempting to make more waves in the electric vehicle space. The company’s CEO, Jim Farley, and Chief Officer of EVs and Digital Systems, Doug Field, recently teased out some details of the company’s newest car — a battery-electric SUV with three rows of seating — during presentations at Ford Investor Day.

Among those details is a 350-mile range with only a 100-killowatt-hour battery pack. That’s a much smaller battery size than would normally have been required for an electric Ford SUV of that size, according to Carscoops. To accommodate, Ford is making this SUV lighter, with less rolling resistance in the tires.

The Ford higher-ups are describing the new SUV, which doesn’t yet have a name and is set to be released in 2025 at a price point around $60,000, as a “personal bullet train,” Carscoops reported. Presumably, this is a reference to the car being fast and also fitting a lot of passengers (seven seats in total).

Ford recently announced that it would begin construction on a Michigan factory that would produce lithium iron phosphate batteries — a cheaper and more sustainable alternative to lithium-ion batteries — signaling the company’s enthusiasm to continue to grow its EV line.

Some EV enthusiasts believe that the excitement generated by the new SUV could be bad news for the current market leader, Tesla.

“You can’t dismiss the threat,” wrote one EV enthusiast, commenting on the story on Teslerati, a Tesla fan site. “FORD is going full energy. They announced the next gen Truck, even when Lightning is just in its 1st year. Farley is transparent about how ‘behind’ he is, as he wants to catch up. Tesla has been weak in releasing multiple products. They are, in effect, still building factories across the world.”

“This is why Tesla is in a race against time,” replied another. “If they want to be more than a boutique manufacturer, they need to grow and have the product/factories/infrastructure in place when everyone catches up.”
More...
I see, so it's Tesla racing against time to make a better EV than Ford's non existent EV... Because Tesla is a boutique manufacturer despite selling more EVs than all other manufacturers combined (except Chinese) and making the world's best selling vehicle regardless of power train.

You need to read more serious news.
 
VicBee said:
You're constantly moving the goal post .. You inferred some negative about TSLA because it hasn't hit its ATH, yet you couldn't find any auto or tech stocks that are ATH so you come up with meaningless differences to make an elusive point. Haters will hate.
More...
Right, when you got nothing call out someone as a hater.
 
VicBee said:
I see, so it's Tesla racing against time to make a better EV than Ford's non existent EV... Because Tesla is a boutique manufacturer despite selling more EVs than all other manufacturers combined (except Chinese) and making the world's best selling vehicle regardless of power train.

You need to read more serious news.
More...
Non existent Musk does. Always overpromising. Neat trick Wall Street likes ... until it doesn't.

Yes they sell more EV's than anyone else but the Chinese, bet that's a sore subject in Austin, but the Ford 150 alone outsells them. And EV's totally are still a fraction of all autos totally.

You need to see reality, not Elon's smoke, smoke, smoke and mirrors.
 
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