To recap the second quarter, Tesla issued its shareholder letter and held its quarterly conference call with Wall Street analysts. The news, as always, is a mixed bag. While improving over its $702M loss in Q1, Tesla still missed Wall Street’s expectations, posting a Q2 loss of $408M. Traders can expect a bumpy ride in the short term. That said, there were some highlights worth considering for those long-term TSLA investors.
Tesla is hosting its quarterly earnings call for the second quarter of 2019 this afternoon at 3:30pm Pacific Time. Hop onto our livestream of the call, where we have partnered with Ben Sullins of Teslanomics to compile a rich video stream of the event. We’re pulling in all the questions … [continued]
Tesla is pushing to level up its Mobile Service offerings yet again, according to CEO Elon Musk at the company’s annual shareholder meeting last night. Musk said that the company is working to add even more capability to its mobile repair fleet, including the ability to change out bumpers.
Tesla’s Vehicles Self-Diagnose Then Self-Medicate When Faults Are Detected
The high-tech auto repair shop of the future will look very different from the oily garage of the 20th century. Tesla is doing its part to prepare today’s students for tomorrow’s jobs — last summer, the company launched its Student Automotive Technician Program (START), designed to provide a smooth transition from college to full-time employment as EV technicians. Tesla has partnered with six North American colleges to integrate its START program into their curricula. So far, some 125 students around the country have graduated from the program.
While Tesla’s car production and sales volumes have grown at an unprecedented pace, the company continues to struggle with the challenges of servicing this massive influx of new customers. As the volume of cars delivered has grown, so have the complaints about long waits for scheduled service, extended delays in having even basic service jobs completed, and the inability to get replacement body and mechanical parts in a timely fashion.
Today, Tesla started rolling out the next wave of improvements to the company’s service offerings, with a new feature in the mobile app that lets owners view the status of their vehicles while they are being serviced at a Tesla Service Center.
Consumer Reports has removed the Tesla Model 3 from its list of recommended cars due to reliability issues. But by doing so, it raises a question of whether its analytics are relevant in an era when cars are more like computers that vehicles
Tesla is refocusing on service as its top priority now that it has stabilized production and delivery for Model 3, CEO Elon Musk said yesterday on the company’s Q4 2018 earnings call. Elon said on the call, “One of our major priorities for this quarter is improving service operations,” with a specific focus on North America, which is home to the majority of Tesla’s vehicles.
Tesla’s 4th quarter 2018 conference call just launched. You can listen below. We will also update this post repeatedly as we jot down highlights.
