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Q4 2020 production due Monday, January 4, 2021

Discussion in 'Tesla' started by bwilson4web, Dec 13, 2020.

  1. bwilson4web

    bwilson4web BMW i3 and Model 3

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    I'm looking forward to the Tesla, Q4 2020, production numbers. Then about six weeks later, the Q4 2020 quarterly report. Although the S&P 500 price wanderings will be amusing, my TSLA shares remain, long-term, secure.

    Bob Wilson
     
    #1 bwilson4web, Dec 13, 2020
    Last edited: Dec 13, 2020
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  2. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Source: Elon Musk: We Need To Increase Production For The Remainder Of Q4

    . . .
    Tesla CEO said that the company notes strong demand for electric cars, but to capitalize on that, it needs to increase production quickly.

    "We are fortunate to have a high-class problem of demand being quite a bit higher than production this quarter."

    "To ensure that we have the best possible outcome and earn the trust of the customers and investors who have placed their faith and hard-earned money with us, we need to increase production for the remainder of this quarter as much as possible."​

    The second reason is of course the intention to reach the target of 500,000 cars produced and sold in 2020, which requires a spectacular fourth quarter:

    required production: 170,020
    required deliveries: 181,020
    ​
    Well, it's great to hear that Tesla continues to have the "demand problem" because it means that the expansion not only progresses but also accelerates.
    . . .     ​

    Bob Wilson
     
    #2 bwilson4web, Dec 13, 2020
  3. orenji

    orenji Senior Member

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    Too bad for the lack of orders on the Model S and X, hope the Model 3 can pull it off.
     
    #3 orenji, Dec 13, 2020
  4. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    So to achieve goals, they have to deliver 36% in a quarter of the Covid year. Even adding a factory, a stretch methinks. Yea, the numbers will be interesting.
     
    #4 mikefocke, Dec 13, 2020
  5. Trollbait

    Trollbait It's a D&D thing

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    COVID reduced their sales in the first half. They saw a big increase in the third quarter. In the US, the third quarter sales almost equaled the first half's.
     
    #5 Trollbait, Dec 13, 2020
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  6. 3PriusMike

    3PriusMike Prius owner since 2000, Tesla M3 2018

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    The Model S and X are facing severe competition.
    The 3 and the Y.
    It seems the only real competition for Tesla is Tesla.

    Mike
     
    #6 3PriusMike, Dec 14, 2020
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  7. orenji

    orenji Senior Member

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    Well I could not say it any better. And that is a true problem for Tesla after spending tons on development and building costs to have vehicles that no one wants to buy.
     
    #7 orenji, Dec 14, 2020
  8. Trollbait

    Trollbait It's a D&D thing

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    #8 Trollbait, Dec 14, 2020
  9. 3PriusMike

    3PriusMike Prius owner since 2000, Tesla M3 2018

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    This is Tesla's stated strategy...to lower the price of a nice-to-have BEV so that the volumes are high. NOT to make just a luxury car that only a few can afford.

    Mike
     
    #9 3PriusMike, Dec 14, 2020
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