24% of Tesla Model 3 orders have been canceled, analyst says
money.cnn.com
money.cnn.com
Which is jaw dropping.
But everyone is still jumping on the schadenfreuden wagon, why idk.
In other news. While you were sleeping SpaceX has a successful launch of one of their block 5 rockets. Oh and landed stage one on a moving target in the ocean. While in parallel developing a rocket to take people to mars.
This is insane. And we should all enjoy it while it lasts. Because it’s not a given that these type of accomplishments happen any given day, year, or decade.
Google and Facebook are boring monopolists. It makes sense that we enjoy their failures.
But Tesla is a really amazing company. The media coverage makes more sense when you realize that most journalists are deeply unhappy people who are, internally, banging their heads against the wall as a result of never having learned any practical skills. They viscerally hate the idea of progress, because by definition they will not be part of progress. They much prefer that the world be stuck.
The survival of journalism is inherently motivated by a need to keep things changing, which is why most outlets by-and-large are either progressive or reactionary: it's change either way.
Most journalists cover vituperation, politics, and angst.
They have a vocabulary of a few dozen superlatives, mostly related to internal combustion engines (turbo lag, musical exhaust, roar of a motor under load at full throttle, etc). None of that works anymore. They have to develop an entirely new vocabulary for the hums and whirs of an electric drive train with torque vectoring, full torque at 0 RPM, and no exhaust to modify for truly manly neighbour-waking noises,
Electric cars have totally emasculated automotive journalism.
And please spare me the "if they can lower the number of car fatalities overall, they have every right to actively kill a few people here and there" spiel.
Why? Instead of telling people not to make arguments, please make an argument against it. It love to read a well written argument. Until I do, I'll pick less accidents of a different kind over more accidents of the usual kind.
If I have saved someone from drowning I still may not kill an enemy. Unsurprisingly the state will still imprison me.
Are you seriously arguing the opposite, under the guise of „just asking questions“?
Ethiscs is a personal thing, so it's hard to argue in. Your argument though, is not in resonable. Tesla isn't willingly and actively killing people, like you write in your example. It's selling a product, that when used inappropriately, might cause accidents. Meanwhile, when used appropriately, it's saved many lives.
But that isn‘t the case with Tesla. Tesla tries to get away with inadequate hardware and misleading advertising (I‘d even call it outright lies if you show a video touting the ease of unattended autonomous driving, and deep down on the page you bury in small print that availability depends on the jurisdiction — meaning „nowhere“)
Tesla not only wants to make a lot of money, which means that getting adequate hardware is unattractive, they also need the „Elon as visionary“ nimbus, which also means they cannot concede that their initial estimate what they needed was simply wrong, and they seem to have money trouble on the horizon anyway.
That‘s what makes the company scummy.
For the stupid argument, see any Tesla accident thread on this site. There are always a few commenters who dismiss all accident analysis and blame by claiming that current car traffic is so dangerous, of course Tesla must be allowed to be sloppy and play with peoples‘ lives.
I think your overthinking this unless you have a trustworthy source; humans are just captivated by all drama related to the most successful. It's not that most people reading celebrity gossip know they will never have a successful long-term marriage and therefore buy magazines publishing the divorce of Brangelina.
I m just saying, one has to appreciate Elons humor. He is selling tesla shorts right now:
http://choicegear.org/index.php/product/mens-tesla-bib-short...
Unfortunatly, they are not meant for swimming, so maybe- should expand his product-pallet with a bathing short in size r (for rat).
So how much of the demand is for a real product? Tesla could reveal this information, but Elon Musk famously called inquiries about these figures "boring, boneheaded" questions. As far as profitability, the jury is very much out on that one.
They'll get some credibility back when their trailing run rate has been 5000/week for a while.
Most people don't put down a deposit on an car that doesn't even exist yet and wait for years. How much demand will there be for the car under normal conditions, when you can take it for a test drive and buy it in the normal way, quality is known, manufacturing problems aren't always making the news, and there's no more status in having one than owning a Leaf or a Prius?
What does that mean?
> Android Auto and CarPlay
You think that's a feature worth shelling out for, I think it's a crutch.
> What does that mean?
It means the speedometer is in front of the driver where it belongs.
>> Android Auto and CarPlay
> You think that's a feature worth shelling out for, I think it's a crutch.
On the Internet, opinions are pretty much free of charge, of course. Android Auto voice control is dramatically better than the voice control that comes in a Model 3, and Android Auto pre-caches map tiles along your route (and anywhere else you specify) while the software in the Model 3 never preloads anything so it's pretty much always showing blank tiles when in an area of no mobile coverage. Also when Tesla goes out of business or for any other reason decides to stop supporting and paying for the mobile data connection in the Model 3 owners are going to wish they had something more like AA or CarPlay that's upgradeable separately from the vehicle.
Luxury for me does not mean fancy stitching, special leather, a mechanical clock on the dashboard for no reason, software that doesn't get updated, exquisite wood grain in random places, lots of knobs, shiny trims, "dealership experience", or 4 years of free oil changes.
I think you'll see the definition of luxury change as our concept of mobility changes. Traditional markers of luxury won't matter anymore and that will leave incumbents who have traditional luxury as their core competence in a weird place.
I can understand when you laud Tesla for being emissions-free, or for high torque, or for figuring out how to cool Panasonic's battery packs properly. But pretending that it is a luxury car is just silly.
I don't want to take my eyes of the road to change my AC setting, to enable the rear window heating, or to change the radio channel.
Before people now come around to tell me I can have both: there's limited space in a car for that. If you place everything too narrow, you won't gain anything in terms of safety.
Yes there are tradeoffs to make, but it's a different set of tradeoffs - ones that we can adapt around given a better future for the system as a whole. That being said, you really have to live with it for a weekend before being able to judge it in full.
I think people are right - purpose built physical buttons and switches will always be superior at some level to software buttons, especially when driving. However, it's worth considering if there is the promise of a better future for the whole system by going down the 100% software route. Maybe it's a bit ahead of its time, but consider a semi-autonomous future where drivers mostly only assist driving and spend 90% of their time free to do other things (1). In the mean time Tesla gets better at delivering software updates to hundreds of thousands of cars in the wild, improving their software processes as a competitive advantage. Other car companies simply aren't doing this. In the future, every car company will need to do this and learn to get good at doing it.
(1) If you've tried Autopilot, you know it's good enough that engaging with the touch screen for extended periods is no problem at all.
For a car with a human driver, it's both a bound input service and bad for key driving displays. For a fully automated car with a human “commander”, it's not a bad idea, but then the centerline mount is probably not ideal.
The geek part of my brain is not the part that lights up when I’m driving.
I do like that Tesla made an electric car that doesn't look stupid and doesn't suck. For far too long all that existedd were citicars[0] and NEVs[1]. Also, the diamond lane sticker is very seductive. The thing that I can't stand is the interior. It's so empty. The infotainment sucks just as hard as legacy manufacturers (knockoff Pandora, shitty maps, stupid apps like Paint), doesn't have any gadgets (e.g. blindspot detection), and then the standout features features are gimmicks. An autodrive that falls in the uncanny valley, a self park that required to me to hug bumpers on a crowded parking lot, and summon, which is essentially a three four line macro (although, that is something).
Ultimately, the car is disappointing. I guess I'll just wait and get a Porsche Taycan[2], which is ironic because it wouldn't exist without Tesla.
[0] https://en.wikipedia.org/wiki/Citicar
[1] https://en.wikipedia.org/wiki/Neighborhood_Electric_Vehicle
[2] https://www.roadandtrack.com/new-cars/future-cars/a12778510/...
I'm trying to find some substantiation for the claim but I'm not finding anything. The closest I see is from BI that there was a "note to clients." The claim is falsifiable so ostensibly this analyst has information other people don't have somehow.
I'd sure like these analysts to show their work, when they do these "projections." The news media and traders seem to respond to them, so there must be something to it, but I'm incredulous generally.
Anyone have any insight on whether these analysts can actually substantiate their projections?
[1] http://uk.businessinsider.com/10-things-european-markets-jul...
If Tesla executives don't care about this guy or his projections then they wouldn't think it's worth their effort to respond.
It seems like the finance world's version of Twitter trolls.
So in any case, even without the production delays, a higher than normal rate of cancellations would not be surprising.
I wonder how much of his total fortune he has bet on shorting Tesla stock. It sounds like he is getting pretty desperate.
I ended up getting the reservation email the same day I bought a different car. I’m sure the 3 drives great, but the idea of another 4-5 month wait (which would have probably have been 6-8 months and pushed out past the tax break) wasn’t appealing. I’ll definitely look at it in the future, but the combination of not being able to even sit in one (no demo available at my local Tesla), let alone test drive one, with the wait just wasn’t worth the risk.
But for me the final thing that made me cancel my day one reservation was all of the production hell talk. I don’t want a car produced in an assembly line that has problems. The multiple line setups (the tent???), the varied production speeds, removing tests and welds that at one point seemed essential... That’s not a good way to ensure consistency. Hell, how much did they have to push (and how much got missed) to make their vaunted 5k/week goal? Maybe in 2-3 years they will have things streamlined enough to get past these issues. But for now, I didn’t to be a guinea pig.
It is not a surprise that there are quite a few cancellations. People might need a car more urgently, or just reconsidered. On the other side, of course people haven't stopped putting down reservations. And so far, Tesla has not marketed the car.
This is just about to change, Tesla has prepared 100 Model 3 Performance to be set up at the Tesla stores for offering test drives for the first time, since the Model 3 came to market. That is certainly going to create more orders, as most people wouldn't place an order without a proper test drive.
What is a Lead 64?
2. They have inferior performance.
3. They match the range of the Short Range Model 3.