Giga Shanghai has begun full production again with 8000 workers
Giga Shanghai has begun full production again with 8000 workers
Tesla just reported first-quarter earnings for 2022 and beat analysts' expectations on the top and bottom lines. Here are the key numbers.
Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to a record 32.9% with Tesla reporting gross profit of $5.54 billion in its main segment. Regulatory credits accounted for $679 million of automotive revenue for the quarter.
- Earnings per share: $3.22 vs $2.26 expected
- Revenue: $18.76 billion vs $17.80 billion expected
Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices, the company said in its shareholder deck.
Early this month, Tesla reported vehicle deliveries of 310,048 for the first quarter, the closest approximation of sales disclosed by the company. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the period ending March 31, 2022.
On the company's earnings call, CFO Zachary Kirkhorn and CEO Elon Musk said that Tesla remains confident that it can grow at least 50% over 2021 numbers. However, the execs noted that the company has lost about a month of "build volume" in Shanghai due to Covid-related shutdowns.
"Production is resuming at limited levels, and we're working to get back to full production as quickly as possible," Kirkhorn said.
A Tesla vehicle was caught on video crashing into a $3.5M Cirrus Vision jet after being ‘summoned’ in a dangerous way by the owner.
Smart Summon builds on Tesla’s previous “Summon” feature, which was used by owners to move their cars autonomously for a few feet in their driveway or in tight parking situations. With the new version, owners are able to Summon their Tesla vehicles from further away, and the cars will navigate more complex parking environments.
CEO Elon Musk described Smart Summon as “Tesla’s most viral feature.”
Well the LED headlight assembly on my car apparently are $3,000 each, so writing off a car these days would be easy, yet we are moving to a more sustainable model, don't you just love it. Feed the chooks. LolWell, thats interesting, as my Dad was also a panel beater.
These days, being written off does not mean what it used to.
The cost of labor , spare parts, paints solvents, and most importantly the airbag replacement, can write off a car with minimal damage.
Just been watching a Utube vid of Robbie Layton rebuilding a Toyota Fourrunner written off by the insurance company after hitting a deer which had got into the front RHS wheel well .
Was not a lot of obvious damage externally, but this car had every single airbag go off, both front and rear, a total of 11 air bags to be replaced, as well as the two front explosive lockup mechanisms in the front seat belts.
That was the knockout blow, as the headliner had to be removed, the complete dash, the seats had to be cut open, new side airbags installed and then reupholstered. The amount of labour alone would have made it a write off.
I guess a Tesla may well be in a similar position if it hit a deer and set off all the airbags.
Thierry Piéton, chief financial officer of Renault, said the French carmaker initially predicted raw-material costs would double this year. Now it thinks they will triple. Elon Musk says Tesla’s suppliers are requesting 20-30% increases in parts for electric cars compared to this time last year.
Mr Musk said Tesla’s price increases were high enough to cover the full amount of cost increases he expects this year. Yet still the vehicles continue to fly out the door.
Then you get articles like this. Sometimes you wonder if the big advertisers put pressure on the reporters, oh look Tesla can't supply a car, but if you chose a Toyota or a Porsche (VW) no problems.Top 20 Electric Cars In The World — March 2022. Gold & Silver Win for Tesla
Looking at the monthly best seller table, the Model Y once again won the title, its 3rd in a row. This is the first time the crossover beat its sedan sibling during a whole quarter.
This is the result of two trends. First, Model Y deliveries continued to surge, having reached 92,221 units in March, a new all-time record for an EV. Secondly, the Model 3’s sales have been flattening, proven by the fact that the midsizer’s deliveries in the first quarter of 2022 were up by only one percent compared to the same period.
lol..Cant imagine any parent want to use Tesla after this incident.
Are you sure those statistics do not include DRUNK DRIVERS or those under influence or those who have a stroke or heart attack or those who are severely fatigued after driving for hours?? I havent read the details myself but I am very sure those stats are not what they are claimed to be.Why? ICE cars with human drivers crash all the time.
In fact, the stats show that Teslas with autopilot engaged crash less often and have less deaths than cars driven by humans alone.
There will be crashes involving Teslas, there will be lots off them over time just like lots of human drivers crash.
Teslas don’t have to be perfect, they just have to be better than humans.
I am sure those situations are included in both auto pilot and non autopilot situations, if fact if a driver is going to be drunk or have a stroke or be severely fatigued I hope that the do have autopilot engaged for their safety and mine.Are you sure those statistics do not include DRUNK DRIVERS or those under influence or those who have a stroke or heart attack or those who are severely fatigued after driving for hours?? I havent read the details myself but I am very sure those stats are not what they are claimed to be.
you have to compare a Normal alert person driving with Autopilot Vs Normal alert human alone causing a crash without other confounding factors..
IMO Teslas autopilot DOES have to be perfect. Coz the tendency for human drivers to disengage or get distracted just after a short period driving and not doing anything is very very high
. You need to assume every driver with autopilot on is and will be asleep at the wheel at some stage, even if their hands are on it. So if a car manufacturer is going to make such a feature they damn well have to make sure it works 100% of the time.
But if we are gonna get normal healthy drivers who are safe drivers crash their Teslas becoz of autopilot going bad, then the autopilot does need closer scrutiny. (thats why despite all the fanfare etc.. Teslas are still stuck on level 2 )