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Unavailable25 Apr 2019 | The Good, Bad & Ugly From Tesla’s Quarter 1 Results, Iron Man Drives An Audi e-tron GT and EVgo Deploy Autocharge
Currently unavailable

25 Apr 2019 | The Good, Bad & Ugly From Tesla’s Quarter 1 Results, Iron Man Drives An Audi e-tron GT and EVgo Deploy Autocharge

FromEV News Daily


Currently unavailable

25 Apr 2019 | The Good, Bad & Ugly From Tesla’s Quarter 1 Results, Iron Man Drives An Audi e-tron GT and EVgo Deploy Autocharge

FromEV News Daily

ratings:
Length:
20 minutes
Released:
Apr 25, 2019
Format:
Podcast episode

Description

Show #454   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Thursday 25th April 2019. It’s Martyn Lee here and I’ve been through every EV story I could find today to save you time.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   Elon Tweets: "UK Model 3 order page goes live next week, followed shortly thereafter by Japan, Australia, New Zealand & Hong Kong. We will delay $1k full self-driving option price increase until May 10 for those unable to order by May 1"   TESLA Q1 FINANCIAL REPORT "Tesla announced Wednesday its Q1 2019 earnings reports." reported InsideEVs today: "The automaker's report showed that profit levels achieved late last year could not be maintained in Q1 2019. Nobody expected high Q1 profits anyway though. However, the results are far worse than expected. The main financial details from the report are as follows:   Musk: "All Tesla cars being built today" have self-driving ability and ability for Robotaxis Reiterates 1 million Robotaxis by 2020 Musk says "massive" deliveries in Europe at end of Q1 as a good problem to have, with half of all deliveries happening in final 10 days of the time period. Musk is proud of the fact people are paying a premium to get a Model 3... not a lot of "mainstream EV" rhetoric used yet Chief Financial Officer Zach Kirkhorn calls this, "one of the most complicated" periods of the company's history, citing some one-time charges and the overseas deliveries that have skewed the report. Automotive revenue losses mostly connected to Model S and Model X declines, pricing changes Musk says Tesla will roll out an "insurance product" next month, but does not divulge details Tesla Semi: "prototypes are working amazingly well," Musk says, "we even use them to deliver some Model 3s" Location for production isn't set, but batteries come from Nevada Model Y production still unset, too, but there are unlikely to be delays whether it's set on Fremont or Nevada Musk alludes to finding space in Fremont to build Model Y, backtracking on the plant being, "packed to the gills" On "self-driving:" Musk says, "we're just going to continue reporting" "Tesla is a far more efficiently operating company than it was a year ago..." Tesla will continue to add stores in locations, "that are no-brainers," will close others that have low traffic. "It's common sense," Musk says. The $35,000 Model 3: "It's just slightly more inconvenient to order..."   Tesla said: "We produced roughly 63,000 Model 3 vehicles in Q1, which was approximately 3% more than the previous quarter. This improvement in production rate was modest mainly due to changes to the production process for the introduction of new variants of Model 3, fewer working days and a supplier limitation. We started production and deliveries of Model 3 vehicles for overseas markets during Q1. To quickly meet international demand, Europe and China Model 3 builds occurred in the first half of the quarter, with builds for local US markets in the second half. This wave of quarter-end deliveries in the US, China and Europe meant that even short delays caused deliveries to be deferred to Q2. To improve our operations, cost efficiency and customer experience, we are in the process of balancing our regional vehicle builds throughout the quarter."   Autoblog says: "The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future success, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 500,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter. Tesla said it would make a loss in its second quarter but predicted a return to profit in the third. Musk said that global
Released:
Apr 25, 2019
Format:
Podcast episode

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A daily podcast about electric cars, hybrids and sustainable transport news.