Economy Last days of Tesla. Closing a dozen solar plants. Loses deal with Home Depot.

[shockaholic12]

Can you name a single other business person getting cities to erect tribute statues for them? Or anyone alive whatsoever?
"basically a meme at this point" is a nice circulatory way of conceding that he is a cult leader for morons lol.
Cheers

dummy, they didn’t erect shit for him. That’s clearly a statue of a miner that’s been around for a minute and they just slapped a telsa logo on when competing for jobs. You are incredibly gullible and obsessed.

 

[brackis1]

dummy, they didn’t erect shit for him. That’s clearly a statue of a miner that’s been around for a minute and they just slapped a telsa logo on when competing for jobs. You are incredibly gullible and obsessed.

Another fantastic point.
I'll ask again: can you name another person that cities are building tribute pieces to? You are semantic wart and I am cackling at me being called the gullible one in an ocean of SPED-bus brains who think this guy is a god for things he/his company don't actually do, appealing to people who think Whataburger is fine dining.

Should NYC have painted the statue of liberty to look like Bezos to woo Amazon? lol

 

[shockaholic12]

Another fantastic point.
I'll ask again: can you name another person that cities are building tribute pieces to? You are semantic wart and I am cackling at me being called the gullible one in an ocean of SPED-bus brains who think this guy is a god for things he/his company don't actually do.

Should NYC have painted the statue of liberty to look like Bezos to woo Amazon? lol

cool, so now you’re admitting they didn’t build shit and just slapped a Tesla stencil on a old statue and that’s what you’re crying about.

Comparing this to the Statue of Liberty? That’s a biiiiiiiig derp lol.

 

[brackis1]

cool, so now you’re admitting they didn’t build shit and just slapped a Tesla stencil on a old statue and that’s what you’re crying about.

Comparing this to the Statue of Liberty? That’s a biiiiiiiig derp lol.

lol you're such a disingenuous lump of cells.
They designed Elon Musk's fucking face on a statue, brought out a fleet of Teslas, and made a special celebration day.
But sure. Tell me how that's not indicative of cult fanfare and retard-pandering.

 

[shockaholic12]

lol you're such a disingenuous lump of cells.
They designed Elon Musk's fucking face on a statue, brought out a fleet of Teslas, and made a special celebration day.
But sure. Tell me how that's not indicative of cult fanfare and retard-pandering.

the local government wanted to make a little creative press event when trying to court a business to bring jobs to their community. So they threw a couple of buckets of paint on an old statue of a driller and took some pics with their company’s product. This has nothing to do with worshipping anybody and is simply a city trying to get some cheap press.


you’re screeching like they vandalized one of the most iconic monuments in the country which is soooooo dumb and triggered.

 

[brackis1]

the local government wanted to make a little creative press event when trying to court a business to bring jobs to their community. So they threw a couple of buckets of paint on an old statue of a driller and took some pics with their company’s product. This has nothing to do with worshipping anybody and is simply a city trying to get some cheap press.


you’re screeching like they vandalized one of the most iconic monuments in the country which is soooooo dumb and triggered.

Where did I say anything about vandalizing anything tardboy?
I legitimately pity you if you can't realize painting a giant statue to have the face of an autistic villain billionaire and saying they are going to change the world is indicative of cultish worship among peanut-brained humans who idolize false promises.

 

[shockaholic12]

Where did I say anything about vandalizing anything tardboy?
I legitimately pity you if you can't realize painting a giant statue to have the face of an autistic villain billionaire and saying they are going to change the world is indicative of cultish worship among peanut-brained humans who idolize false promises.

Dummy, they didn’t throw a telsa logo on a statue because they worship Elon. They did it as a publicity stunt when campaigning for jobs to come to their community. How is this over your head? How did Elon get soooooo much real estate in your head?

 

[brackis1]

Dummy, they didn’t throw a telsa logo on a statue because they worship Elon. They did it as a publicity stunt when campaigning for jobs to come to their community. How is this over your head? How did Elon get soooooo much real estate in your head?

They painted HIS FACE ON IT lol.
Serious retard hours. I'm observing a societal spectacle (in a necro-thread continually upped by a zealot fanboi) while you try to defend the guy for some reason like he isn't cult-worshipped.

 

[shockaholic12]

They painted HIS FACE ON IT lol.
Serious retard hours. I'm observing a societal spectacle (in a necro-thread continually upped by a zealot fanboi) while you try to defend the guy for some reason like he isn't cult-worshipped.

LOL they just slapped a cheap fresh coat of white paint on the same fucking face that’s been there for a long time and called it Elon. It doesn’t even look like him at all! You look at that old thing and seriously think that’s some serious artistic effort they put in and it actually resembles him? Helen Keller has better eyesight.

You screeching this much about a lazy publicity stunt is only making the point that you’re obsessed with this man even more apparent.

It’s like Tesla set up their headquarters right in your head.

 

[Wadtucket]

he is a cult leader for morons lol.

Well said

That being said, the stonk is amazing

 

[Arkain2K]

Tesla made $1.6 billion profit in Q3, switching to LFP batteries for standard-range Models 3 and Y
By Jonathan M. Gitlin | 10/21/2021​

Tesla made a profit of $1.6 billion in the third quarter of 2021. It built 237,823 cars and delivered 241,391, ending Q3 with $1.3 billion in free cash flow and $16 billion in cash and cash equivalents. Impressively, these record results happened despite supply chain woes like clogged ports and the semiconductor shortage.

In its presentation to investors, Tesla said that record production and internal cost reductions have more than offset a small drop in the average selling price of its cars. The company now has an operating margin of 14.6 percent, beating its earlier guidance.

The Models 3 and Y did almost all the heavy lifting. Tesla built 228,882 of these battery electric vehicles and delivered 232,102 of them. The Models S and X numbers were much increased compared to Q2 2021, with 8,941 built and 9,289 delivered, but this time last year, the company was selling nearly twice as many.

Tesla's solar and storage businesses are chugging along, deploying nearly as much solar (83 MW) and slightly more battery storage (1,295 MWh) in Q3 than Q2 of this year.

Cheaper, longer-life battery packs

Perhaps the most interesting revelation in the investor presentation was the news that Tesla is switching battery chemistry for all standard-range Models 3 and Y. Until now, most Teslas have used batteries with a nickel cobalt aluminum (NCA) chemistry. But recently, the company started offering an alternative, an older technology that uses a lithium iron phosphate (LFP) chemistry. (Most other BEVs use a nickel manganese cobalt chemistry.)

LFP cells are cheaper than NCA or NMC cells and have much longer useful lifetimes, with the trade-off being a lower energy density. However, that might not actually be a downside—although each individual cell holds less energy, LFPs' much less volatile nature means there's no need to worry about thermal runaway in the event of a crash. And that means an LFP battery pack needs to waste much less volume on cooling and structural protection to keep the cells separated, meaning that energy density at the pack level should compensate. (On the downside, LFP cells don't fare as well when it gets very cold.)

Until now, intellectual property restrictions have kept LFP cells mostly within China. But export restrictions are set to ease next year, and Tesla won approval from the Chinese government to start using LFP batteries in Chinese-made BEVs in 2020. Last month, the company started asking US customers if they would accept standard-range cars with LFP packs instead of NCA; now it's making that switch mandatory for all regions.

Tesla hasn't said which company will supply it with LFP cells, but it has existing contracts with CATL, a major source of LFP cells in China.

https://arstechnica.com/cars/2021/1...is-switching-to-lfp-batteries-globally/?amp=1

 

[Arkain2K]

Hertz orders 100,000 Teslas in deal reportedly worth $4.2 billion
It’s the single largest order of electric vehicles
By James Vincent | October 25, 2021

​

Rental car company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. A first tranche of Tesla’s Model 3 sedans will be available to rent from Hertz in major US and European markets from early November, said the company in a press statement.

News of the purchase was first reported by Bloomberg, which says the deal is the single largest order ever for electric vehicles, and worth $4.2. billion in revenue to Tesla. The automaker’s stock was up 4.3 percent on the news in pre-market trading. It was also reported this morning that Tesla’s Model 3 became the first electric vehicle to top monthly sales charts in Europe this September. Earlier this month, the company reported record sales in its third quarter, despite chip shortages denting the automotive market.

Anyone renting a Tesla from Hertz will be able to use the automaker’s network of 3,000 superchargers across the US and Europe. Hertz says it’s planing on supplementing these chargers with “thousands” of its own, dispersed “throughout its location network.”

https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet

 

[Arkain2K]

Just because today's headline would increase brackis' blood pressure again.

 

[brackis1]

Just because today's headline would increase brackis' blood pressure again.

Serious retard hours. I'm observing a societal spectacle (in a necro-thread continually upped by a zealot fanboi) while you try to defend the guy for some reason like he isn't cult-worshipped.

Woah sick dude; major pwns proving me right lol.
Just another low IQ moron ready to suckle jizz off trollmans dick in place of any intellectual consideration.

 

[Andy Capp]

This is why Steve Jobs was so great. Focus. What is focus? Focus is about saying NO. Musk said yes to everything. No focus. Now he is trying to streamline Tesla but it is too late. I bet those trucks never get delivered either. As Jobs said, he created something that was less than the sum of its parts. So many great ideas but ended up being less as a whole. And it is a management issue. It is on Musk. He never put a bullet in the head of any thing. Jobs loves to kill.




Electric car maker Tesla's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.

The latest cuts to the division that was once SolarCity — a sales and installation company founded by two cousins of Tesla CEO Elon Musk — include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot that the current and former employees said generated about half of its sales.


https://www.cnbc.com/2018/06/22/tesla-to-close-a-dozen-solar-facilities-in-9-states-documents.html

Not saying you're wrong, but fuck Steve Jobs.

 

[Andy Capp]

Just because today's headline would increase brackis' blood pressure again.

The person of the year isn't always a figure to be admired, though, just a significant personage.

 

[CantCucktheTuck]

as usual...this didn't age well.

 

[Arkain2K]

Tesla Dodges Nickel Crisis With Multiyear Global Supply Deals
Dana Hull and David Stringer | March 30, 2022

(Bloomberg) -- The invasion of Ukraine has added to agita among electric-vehicle makers over the supply of nickel, a critical ingredient in EV batteries, since Russia is one of the world’s biggest producers.

But Tesla Inc. had already been scouring the globe for the metal, signing pacts with several nickel suppliers since 2021.

That includes a multiyear supply deal with mining giant Vale SA. The agreement, which hasn’t been announced, covers nickel from Canada, according to people familiar with the matter who asked not to be named discussing private details.

Unlike most of its peer automakers, Tesla has spent years focusing on how to secure its own nickel supplies.

The efforts are part of Chief Executive Officer Elon Musk’s focus on vertical integration to maintain control over Tesla’s supply chain. The company jointly operates a massive battery-cell plant outside Reno, Nevada, with Japan’s Panasonic Corp. Tesla buys cells from other leading suppliers but also makes its own.

And the company is constantly pushing for advances in how raw materials are processed and batteries are made. At a presentation in 2020, executives talked about shortening the processing path from mine to cathode.

“What Tesla has done with nickel is a hidden competitive advantage,” said Gene Munster, managing partner of Loup Ventures. “Tesla continues to be a couple of steps ahead of the rest.”

Musk has repeatedly flagged nickel supply as the company’s biggest concern as it boosts output, and the metal’s availability is a source of anxiety throughout the EV sector. Battery-sector demand for nickel is expected to jump to about 1.5 million tons in 2030 from 400,745 tons this year, according to BloombergNEF.

“Please mine more nickel,” Musk urged producers on an earnings call two years ago. “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.”

Sanctions against Russia over its invasion have added urgency, since the country holds about 17% of global capacity for refined Class 1 nickel, the type required for EVs. Since the Feb. 24 attack on Ukraine, the price of nickel had climbed 30% though Tuesday on the London Metal Exchange. Prices tripled over two days during that period because of a short squeeze though much of that advance was pared. The market could settle down if there are signs the war will end.

“The nickel price surge and the implications from the Russia-Ukraine invasion are likely to push battery manufacturers, particularly in the U.S., to secure alternate supply chains,” according to a BloombergNEF report.

Tesla’s deal with Vale is one of several that the carmaker has forged over the last year. In January, the Austin, Texas-based EV manufacturer committed to purchase 75,000 metric tons of nickel concentrate from a Talon Metals Corp. project being developed in Minnesota. That followed agreements with BHP Group, the world’s biggest mining company, for material from Australia. Tesla also has a pact with operators of a nickel mine in the South Pacific island of New Caledonia.

“People don’t realize how far ahead Tesla is when it comes to securing the supply chain for raw materials and an integrated approach to battery materials,” said Todd Malan, a spokesman for Talon Metals.

Vale said it has plans to increase its sales to the EV market to between 30% and 40% from 5%. The Brazil-based miner didn’t comment specifically on its Tesla agreement. Tesla didn’t respond to requests for comment.

Vale’s American depositary receipts rose less than 1% at 9:56 a.m. Wednesday in New York after Bloomberg News reported on the nickel deal with Tesla. Shares of the carmaker were little changed.

Nickel is a key component for the cathodes of electric-vehicle batteries, and Tesla is focused on nickel-based chemistries for longer-range vehicles. It uses iron-phosphate for shorter-range vehicles.

Meanwhile, President Joe Biden’s administration is discussing adding battery materials as soon as this week to the list of items covered by the 1950 Defense Production Act, looking to encourage domestic production, people familiar with the matter said. The Senate Committee on Energy and Natural Resources is scheduled to hold a hearing on the domestic supply of critical minerals on Thursday.

https://finance.yahoo.com/news/tesla-dodges-nickel-crisis-secret-115010406.html

 

[Arkain2K]

Tesla officially opens Texas Gigafactory
CEO Elon Musk said at a grand opening ‘Cyber Rodeo’ it was a new phase for the company’s future
By Andrew J. Hawkins@andyjayhawk Apr 8, 2022​

​

Tesla opened its Austin, Texas-based Gigafactory on Thursday, a crucial step in the company’s delayed plans to begin production of its electric Cybertruck. To celebrate the opening, Tesla held an event, billed as a “Cyber Rodeo,” to which it invited 15,000 people to listen to live music, eat food, and pay homage to Elon Musk and his company.

“We are really entering a new phase of Tesla’s future,” Musk told the audience. Clad in a black cowboy hat and aviator sunglasses, Musk said he was excited to begin working on Cybertruck production at last. “I can’t wait to see this baby in production, it’s going to be epic.”

Along with a new version of the Cybertruck, Musk also showed off a new Roadster vehicle, which is slated to begin production next year. He also teased a robotaxi he said would look “quite futuristic” but didn’t elaborate or provide any details.

It is the company’s fourth factory in the US, following the vehicle factory in Fremont, California, battery factory in Sparks, Nevada, and solar factory in Buffalo, New York. Tesla also has a vehicle factory outside Shanghai, China, and recently opened its first European factory near Berlin, Germany. Tesla spent an estimated $5 million purchasing the land outside Austin, plus another $1.1 billion to build the plant.

“We need a place where we can be really big, and there’s no place like Texas,” Musk said. “We going to move to a truly massive scale.”

The milestone was achieved less than two years after Musk declared that Austin would be the site of the company’s next Gigafactory and less than one year after Tesla officially moved its headquarters to Texas from California. In addition to the new Gigafactory, Musk also operates a SpaceX facility in Brownsville, Texas.

The addition of the new Gigafactory is expected to boost Tesla’s capacity in the US, which has been long constrained by space limitations. In 2018, the company famously erected a tent outside its factory in Fremont, California, to help meet production goals of the Model 3. At the time, Musk said the company’s California factory was “bursting at the seams.” Tesla has said it expects to make 1.5 million vehicles in 2022, after producing slightly less than 1 million vehicles last year — a 50 percent increase.

The Texas factory is expected to be the site where, starting in 2023, Tesla will make its long-delayed Cybertruck. Indications that the Cybertruck would be delayed first emerged last year, when the online reservation page was changed and then later withdrawn from the site. Musk had said that he expected a few trucks to be delivered to customers by the end of 2021, but no deliveries were ever made. The Cybertruck has already gone through some changes since its initial reveal in 2019 — including the addition of a comically oversized single windshield wiper, traditional folding mirrors, and invisible door handles.

In addition to the Cybertruck, Tesla also plans to build Model Ys and Model 3s destined for the East Coast, as well as the long-delayed Tesla Semi. The company has already started to build Model Y crossovers at the unfinished Texas Gigafactory in the fourth quarter of 2021, according to the company’s latest earnings report.

The Texas Gigafactory is located on about 2,100 acres of land east of the Austin-Bergstrom International Airport, with about two miles of exposure to Texas’ Colorado River. The company has said it will hire up to 5,000 workers at an average salary of $47,147, with entry-level positions starting at $35,000. Today, Tesla employs about 10,000 people at its only US car plant in Fremont.

The new facility opens as the company continues to struggle with shutdowns of its Shanghai factory as the city deals with strict lockdown measures brought by an uptick in COVID-19 cases. Despite this, the company is reporting vigorous sales in the first quarter of 2022, with 310,048 vehicles reaching customers.

https://www.theverge.com/2022/4/8/23008731/tesla-texas-gigafactory-open-cybertruck-elon-musk

 

[Arkain2K]

Tesla achieves production of 1,000 cars in a week at Gigafactory Berlin
Fred Lambert - Jun. 18th 2022​

​

Tesla announced that it has achieved production of 1,000 Model Y vehicles in a week at Gigafactory Berlin. This is an important milestone – though the automaker originally planned to achieve it in April.

Tesla is currently in the middle of ramping up production at two major new factories, Gigafactory Berlin and Gigafactory Texas, and all of that amid a major global supply chain crisis.

It has to manage to both ramp up its production systems for a highly complex product, the Model Y, and manage this growing supply chain.

It has proved difficult.

After starting production in March at Gigafactory Berlin, it aimed to achieve a production rate of 1,000 units per week by the end of April, but we learn that Tesla had difficulties producing more than 350 units around that time.

The main bottleneck was the paint shop.

Today, Tesla announced that Gigafactory Berlin finally achieved the milestone of 1,000 Model Y vehicles built in a week:

If the factory can at least maintain that going forward, it means that Gigafactory Berlin is now adding 50,000 cars to Tesla’s annual production capacity.

Of course, the goal is to ramp that up by an order of magnitude, but more bottlenecks are going to show up along the way.

The factory is believed to be doing a lot better than Gigafactory Texas, which is limited by the production of 4680 cells and structural battery packs.

Gigafactory Berlin is still producing Model Y with 2170 cells, which is more widely available, and it plans to move to 4680 cells later once production has ramped up.

https://electrek.co/2022/06/18/tesla-achieves-production-1000-cars-week-gigafactory-berlin/