Lets talk about Tesla.

[max225]

Some of my co workers got the bolt... because model 3 was too essepensive and they were tired of waiting.

Bc they poor tho

Yea mos def. I mean the average FB employee pulls in 250k a year... a couple working at FB makes 500k a year on average... so what's 50k for a tesla. Cheapskates.

[Johnny_P]

Bc they poor tho

Yea mos def. I mean the average FB employee pulls in 250k a year... a couple working at FB makes 500k a year on average... so what's 50k for a tesla. Cheapskates.

No lit badge = no street cred

#nolightsnolikes

[wap]

I want one. I'd be looking at them if I had anywhere to charge one. Even if it was just a work charger. 300 miles, that would last me 3 weeks at least. If Tesla builds more superchargers, or someone builds public charging solutions in general in the Philly area I'd consider it.

I have work charging, but would :trigger: a lot of people if I rolled up in a Tesla instead of a Volt or Bolt.

I legit enjoy commuting in the Volt. I tend to choose it over the truck and poorvette often. A fast EV with 2-300 miles of range would be

I saw a new Volt a couple weeks ago. I think it's legit looking.

[razr390]

I honestly am pretty upset there was no inclusion of a HUD in the model 3, given that everything is in a central screen that takes eyes off the road.

[4zilch]

I honestly am pretty upset there was no inclusion of a HUD in the model 3, given that everything is in a central screen that takes eyes off the road.

[razr390]

I honestly am pretty upset there was no inclusion of a HUD in the model 3, given that everything is in a central screen that takes eyes off the road.

Duly noted, but given Tesla is a “tech car company” you’d expect them to have a feature that a fiberglass tub corvette has had since early 2000’s


Also, Saturn is no longer in business.

[Davestr]

https://www.bloomberg.com/news/articles ... ium-europe

One hundred and forty-three days. That’s how much time Elon Musk has till the big bills start coming due in the debt market.

That, in truth, wouldn’t be considered a ton of time in most circumstances. But in 2018, with capital markets still minting bonds and loans by the trillions, it’s still relatively comfortable runway for a company like Tesla Inc. to secure a financial reprieve.
So despite all the hand-wringing over the manufacturing setbacks and the perplexing Musk tweets and the run-ins with regulators, Tesla’s stock still trades at astronomical valuations and its bonds show almost no concern of a default in the near term.


For now, at least. The question is whether Musk can use these 143 days to appease the Securities and Exchange Commission with changes to Tesla’s board — including his own removal as chairman — and then start producing electric cars fast enough to generate the cash needed to either start paying back those debts outright or convince creditors to roll them over. Third-quarter production numbers were solid, with Tesla hitting its target for its crucial Model 3 sedan, but that growth needs to be sustained in the months ahead.


“The market isn’t indicating there’s any imminent danger, they have time,” said Chris Hartman, a senior portfolio manager at Aegon Asset Management. “It’s only five months, but as long as there isn’t some global liquidity crisis, they should be able to access the capital markets, albeit at a much higher rate, to keep the story alive.”

Representatives for Palo Alto, California-based Tesla didn’t respond to requests for comment.

Tesla's Upcoming Debt Bills

Source: Bloomberg


More than $1.5 billion out of Tesla’s total debt of $11.5 billion is coming due in the next 13 months. Some of the first maturities actually fall over the next few weeks but the first payment of real consequence comes due on March 1: a $920 million convertible bond with an equity-conversion price set at $360. With the stock trading now at a mere $262.80, it seems unlikely that investors will be able to swap into the shares, meaning that Tesla will be on the hook to pay the money back.

Credit markets, for now, are taking that in stride. Tesla’s 5.3 percent bonds due 2025 are now yielding more than 8 percent, in line with other debt with similar CCC ratings, according to Bloomberg Barclays index data.


But there are signs of doubt: More creditors are hedging their bets in the derivatives market. It now costs almost $2 million upfront to insure $10 million of Tesla bonds from default over five years in the credit derivatives market. Just two months ago, the upfront cost was less than $1.3 million.

Tesla has put its investors through the wringer with a series of high-profile departures, persistent operational challenges, and most recently, a lawsuit from the SEC that threatened to remove Musk, the visionary who has become synonymous with the Tesla name, from the company entirely.

He settled that case late last month by agreeing to pay a $20 million fine, appoint a new chairman to the board and add two independent directors. To the relief of investors, he was allowed to stay on as CEO. (Days afterward, Musk unnerved investors again by expressing his frustration with the settlement — which isn’t final yet — in a tweet that mocked the SEC.)

Expensive Financing

Musk has said that Tesla won’t need to raise more money as it will generate positive free cash flow in the second half of this year, and crank out sustainable profits for the first time in its 15-year history.

In any event, there are no good financing options right now anyways. The most likely, according to Bloomberg Intelligence analyst Joel Levington, would be the sale of another convertible bond or a capital raise in the equity markets.

The sale of collateralized debt — typically a cheaper form of financing — would be possible too, but such a transaction would likely rattle existing bondholders because the new creditors would jump ahead of them in the repayment line, Levington said.

All of which just underscores the urgency of Musk’s efforts to sell more cars and start generating steady profits before the first of those big bills comes due.

[ChrisoftheNorth]

Duly noted, but given Tesla is a “tech car company” you’d expect them to have a feature that a fiberglass tub corvette has had since early 2000’s


Also, Saturn is no longer in business.

Saturn wasn't the only company. Center mounted gayge clusters have been in use on and off across the industry for a long time.

In an EV, there's two things you care about: Speed and range. Why go through all the effort of HUD or whatever just for two metrics? The center screen makes perfect sense for easy adoption in RHD markets, and really how often are you checking those two metrics? Teslas drive themselves, so there's no need to keep an eagle eye on speed so much and when you have over 300 miles of range, you're not paying super close attention to that either. I think the center screen makes perfect sense.

[4zilch]

Duly noted, but given Tesla is a “tech car company” you’d expect them to have a feature that a fiberglass tub corvette has had since early 2000’s


Also, Saturn is no longer in business.

my point is that a HUD is unnecessary and I don't believe it's a tech/luxury thing. GM has had a HUD since the early-to-mid 90's. Possibly even in the 80's.

[wap]

I honestly am pretty upset there was no inclusion of a HUD in the model 3, given that everything is in a central screen that takes eyes off the road.

I never cared for this dash layout in the Ion's. I believe the old 'Yoda Echo had a similar dash.

[4zilch]

I never cared for this dash layout in the Ion's. I believe the old 'Yoda Echo had a similar dash.

Yeah, I was working at Saturn when they came out. Hated it.

[max225]

So my best friends brother just got one ... the dude a professional dancer and never held down a real job in his life. Gonna gather some deets and drive it sometime soon

Tesla’s are about to get a lot more expensive
https://techcrunch.com/2018/10/12/tesla ... ctober-15/

[Tar]

So my best friends brother just got one ... the dude a professional dancer and never held down a real job in his life. Gonna gather some deets and drive it sometime soon

Tesla’s are about to get a lot more expensive
https://techcrunch.com/2018/10/12/tesla ... ctober-15/

We had a 12k credit until Sept 15. It's done for good.

[razr390]

So my best friends brother just got one ... the dude a professional dancer and never held down a real job in his life. Gonna gather some deets and drive it sometime soon

Tesla’s are about to get a lot more expensive
https://techcrunch.com/2018/10/12/tesla ... ctober-15/

It’ll be interesting to see what the real demand for Tesla is once the credit goes away. I have no doubt they will sell like hot cakes but curious to see if there is any delta

[Tar]

So my best friends brother just got one ... the dude a professional dancer and never held down a real job in his life. Gonna gather some deets and drive it sometime soon

Tesla’s are about to get a lot more expensive
https://techcrunch.com/2018/10/12/tesla ... ctober-15/

It’ll be interesting to see what the real demand for Tesla is once the credit goes away. I have no doubt they will sell like hot cakes but curious to see if there is any delta

A dude on my Facebook vw group sold his R and had a model 3 ordered. No way he could get delivery by Sept 15th so he gave up on it and bought something different. It might not matter do much for the S but the subsidy on the 3 makes a difference for sure.

[razr390]

It’ll be interesting to see what the real demand for Tesla is once the credit goes away. I have no doubt they will sell like hot cakes but curious to see if there is any delta

A dude on my Facebook vw group sold his R and had a model 3 ordered. No way he could get delivery by Sept 15th so he gave up on it and bought something different. It might not matter do much for the S but the subsidy on the 3 makes a difference for sure.

I agree, especially since the Model 3 was branded and marketed as the “middle class’s Tesla”. They won’t be $35,000-45,000 anymore, now they’ll be $60-75,000 with options and no subsidy.

[Tar]

A dude on my Facebook vw group sold his R and had a model 3 ordered. No way he could get delivery by Sept 15th so he gave up on it and bought something different. It might not matter do much for the S but the subsidy on the 3 makes a difference for sure.

I agree, especially since the Model 3 was branded and marketed as the “middle class’s Tesla”. They won’t be $35,000-45,000 anymore, now they’ll be $60-75,000 with options and no subsidy.

[Johnny_P]

So my best friends brother just got one ... the dude a professional dancer and never held down a real job in his life. Gonna gather some deets and drive it sometime soon

Tesla’s are about to get a lot more expensive
https://techcrunch.com/2018/10/12/tesla ... ctober-15/

Damn. Resale value on these about to jump.

[ChrisoftheNorth]

I wonder if this is fake news to bolster deliveries by year end or what? From what I understand, there's no hard deadline for the credit, other than the end of the CY. Or is Tesla saying you have to order by 10/15 to guarantee receiving the vehicle by year end?

Not gonna lie, I want to order one.

[razr390]

I wonder if this is fake news to bolster deliveries by year end or what? From what I understand, there's no hard deadline for the credit, other than the end of the CY. Or is Tesla saying you have to order by 10/15 to guarantee receiving the vehicle by year end?

Not gonna lie, I want to order one.

[Johnny_P]

I wonder if this is fake news to bolster deliveries by year end or what? From what I understand, there's no hard deadline for the credit, other than the end of the CY. Or is Tesla saying you have to order by 10/15 to guarantee receiving the vehicle by year end?

Not gonna lie, I want to order one.

I think it's more that if you don't order one nowish they can't guarantee delivery by end of year.

I'd be heading to the local Tesla store if I had a fucking charging solution. These jump $10k, resale will hold very steady and you'll basically drive for free for 3 years.

[ChrisoftheNorth]

I wonder if this is fake news to bolster deliveries by year end or what? From what I understand, there's no hard deadline for the credit, other than the end of the CY. Or is Tesla saying you have to order by 10/15 to guarantee receiving the vehicle by year end?

Not gonna lie, I want to order one.

I think it's more that if you don't order one nowish they can't guarantee delivery by end of year.

I'd be heading to the local Tesla store if I had a fucking charging solution. These jump $10k, resale will hold very steady and you'll basically drive for free for 3 years.

I know it. We don't have Tesla stores, I'd have to go to Cleveland to get it. Still might be

[max225]

meanwhile in Elon'Musk land can't wait for the Tesweed

[Johnny_P]

meanwhile in Elon'Musk land can't wait for the Tesweed

Only 3 more days to order your Model 3 bruv, better get on it

[max225]

meanwhile in Elon'Musk land can't wait for the Tesweed

Only 3 more days to order your Model 3 bruv, better get on it

Too poor...