When it comes to affordability, Tesla has come a long way but still has a bit further to go. It will get there, I believe, but it will require more hard work, persistence, and faith. Just this month Tesla announced that you can lease a Model Y for $499 a month. That is still a high price for a car for most Americans, let alone most people of the world.
Tesla has announced that its earnings call for shareholders will take place on July 22 at 2:30pm PST/5:30pm EST. While it might not be the most important investor call in the history of Tesla for the success of its mission, it for sure could be considered the most important investor call in Tesla’s history in terms of the stock market, as the outcome could decide whether Tesla enters the S&P 500.
My recent article on “Tesla’s Warranty Accounting Mystery” got a lot of comments, and to reply correctly, I feel as if I should share some further research. In this article, I’m going to specifically discuss the “goodwill” warranty claims that keep coming up, what I know about them, and what I think I think about them.
Back in January, I explored the popular short seller thesis that Tesla is unfairly cooking its books by not accruing enough money for its warranty work. Digging into the problem, I found the site WarrantyWeek.com, an incredible resource for those interested in the world of warranties and how they work.
In part one, I discussed how technological breakthroughs can be exciting, but technology itself isn’t the catalyst to massive change.
The 20 most popular stories of last week on CleanTechnica were led by an interesting story of a solar manufacturing equipment maker moving into the solar cell manufacturing game (got that?), followed by a lot of Tesla stories, some hype for lithium-iron-phosphate batteries, Toyota announcing that it had done a horrendous job forecasting demand for the RAV4 Prime (leading to a battery shortfall and production suspension), Sydney inspiring the world by going 100% renewable (for electricity).
Now that we’ve seen Tesla’s actual Q2 2020 production and delivery numbers, the next thing Tesla bears and bulls turn their attention to is trying to determine what the financial impact will look like, and will Tesla make money.
Well, I created my own best and worst case scenarios for production and deliveries, used what I could find and a number of estimates to nail down numbers that I felt were accurate, and this morning Tesla released the actual numbers. In that last article (mostly Tesla’s press release), Zach noted that the numbers would probably be a reason for some of our authors to produce long pieces on them, and …
In my article yesterday, I broke down what Tesla’s Q2 production numbers looked like in a worst case and best case scenario. Now, I’m going to share what I think those numbers will actually be, and why.
Discussing COVID-19 on the company’s Q1 earnings call, Elon Musk confessed that the economic impact of the pandemic “will cause great harm not just to Tesla, but to many companies. While Tesla will weather the storm, other companies will not.” It turns out, Tesla has a long history of succeeding against the odds, but this time the odds are pretty darn long.
