Petevb

Targeted at the civilian aircraft industry primarily? Or automotive/ high speed trains as well? Certainly not a company/ industry that fits a VC model.

groundhog

Agreed

Petevb

Ha, I see what you did there. But don't forget- that particular race has already run. The VCs are long gone from Tesla and they pulled bags of money out. From their point of view Tesla (as opposed to a tier 2 component/ technology supplier) proved to be a very good fit...

hf1

TSLA law suit...

daveo4porsche

Tesla is such a disaster - but still a force to be reckoned with - we all have spent much digital ink on Tesla's problems, real and imaginary, self inflicted and externally motivated - and yet…there is this. And people still seem to believe there is no demand for EV's or that it's a giant hoax that will go anyway if we just give it enough time.

https://www.autoblog.com/2018/09/06/...up/?yptr=yahoo

Tesla Model 3 outsells entire BMW car lineup in August

Archimedes

C'mon, that's a meaningless comparison and you know it. Apple meet Orange. Tesla is essentially the only play in EV right now, with no meaningful competition. What it should read is 'More EVs were sold in August than BMWs' or 'The EV Share of the Market, while still tiny, is bigger than BMW's total share' - (it's actually not).

Not to mention the number was cherry picked, choosing a low month for BMW and including only passenger cars and only sales in the U.S. Tesla has almost zero competition right now and its still only about 2/10ths of 1 percent of worldwide car sales. And the recent numbers are inflated by the fact that they're burning off 2 years of pent up demand for a car in a few quarters. Let's check back in 18 months when there's some more competition out there.

That article was more Tesla clickbait nonsense. But it probably won't stop some knucklehead from reading it and telling his wife 'Tesla's bigger than BMW now, we should buy a bunch of stock...'

groundhog

There was a race, unfortunately the runners ran in the wrong direction and haven't recognise they took the wrong turn .

groundhog

Meanwhile.....

https://www.businessinsider.com.au/survey-uk-drivers-say-tesla-model-s-most-unreliable-car-2018-9?r=US&IR=T

• UK motoring magazine What Car? surveyed more than 18,000 car owners to establish the reliability of 159 models across 31 brands.
• The Tesla Model S proved the least reliable and was given a score of just 50.9%.
• Owners identified issues with the cars’ electrical systems and bodywork.
• “Just over half of the cars were out of action for at least a week and some fixes cost more than £1500,” What Car? said about the Model S

Its important to note that Tesla products have been at the bottom of, or towards the bottom of a number of major surveys e.g.Consumer Reports and What Car to name two.

daveo4porsche

groundhog

Hard to argue against the QA/QC problems - they are widely reported and picked up in surveys put together by mainstream publications without an axe to grind.

Satisfaction and loyalty are a state of mind. Plot the CR reliability index results against the CR satisfaction index results - its quite revealing

The satisfaction and loyalty is/are related to the early adopter mentality - I don't believe there is a disconnect e.g. early adopters are often able to overlook short comings in a product.

ItalyPoly

I think Tesla (E-cars) is like the new trend and in a few years, it is going to reduce the gap between Gas cars and E cars sells. Also, I want to see the E cars model of the classic brands like Porsche

hf1

manitou202

Tesla seriously needs to address the quality issues. Fanatics will be willing to accept flaws, but in order to go mainstream, they need to make these very reliable. The average consumer buying a Model 3 as a primary car will not be willing to put up with taking the car to the shop several times per year.

Honestly their quality combined with the number / location of service centers has been the biggest reason I haven't purchased a Model S. I live outside of Colorado Springs, and the nearest service center is in Denver which is about 75 miles away. I don't have the time to take the car in for service when it's going to be a major inconvenience. Versus any other major brand (including Porsche), I can easily drop the car off on my way into work and pickup a loaner.

I'm surprised they haven't increased the number of service centers yet. This is one of the drawbacks of not using the dealership franchise model.

TexasPorschelover

Tesla's new chief accounting officer quit after only one month on the job and then Elan lit up in an interview. I suppose you could say where there is smoke there is fire. We shall see.

manitou202

Stock is down almost 10% this morning. Over 30% since the $420 announcement.